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Home Inventory Levels: US Cities With the Most—or Fewest—Homes for Sale

Pro Builder

Home Inventory Levels: US Cities With the Most—or Fewest—Homes for Sale ldeakins Mon, 06/05/2023 - 10:58 While for-sale inventory is rising slowly but steadily nationwide, many markets remain undersupplied and overpriced on a year-over-year basis The U.S. Inventory remains tight in cities such as San Jose, Calif.,

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Homebuyers Brace for Big Changes Ahead as Inventory Climbs and Sellers Slash Prices

Pro Builder

Homebuyers Brace for Big Changes Ahead as Inventory Climbs and Sellers Slash Prices. metros climbed 41% in July, especially in popular cities like Phoenix, Austin, and Raleigh, where inventory rose 158.7%, 154.5%, and 137.5%, respectively. Tue, 08/09/2022 - 10:15. Here's what that might mean for prospective buyers.

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Local Housing Markets Report Low Inventory in October

Pro Builder

Local Housing Markets Report Low Inventory in October. Housing inventory is reaching record lows—here’s what to expect in the months ahead. Housing inventory could increase on a year-over-year basis during the winter months, but will still remain at historically low levels, says Bill McBride in the CalculatedRisk Newsletter. .

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Austin Luxury Homes Are Lingering on the Market as a Buying Frenzy Slows

Pro Builder

Austin Luxury Homes Are Lingering on the Market as a Buying Frenzy Slows. Luxury home builders in Austin, TX couldn't finish new projects fast enough throughout a pandemic-induced homebuying boom, but as a market correction takes effect, home sales are stalling and supply is stacking up. Fri, 10/28/2022 - 10:18.

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As Spring Buying Season Approaches, Inventory Drops

Pro Builder

As Spring Buying Season Approaches, Inventory Drops. Buyers entering the housing market in the spring buying season will face difficulties as housing inventory dropped nearly 50% compared to 2020. A 25% increase in listings is needed to bring inventory back to April 2020’s level. cbroderick. Thu, 03/25/2021 - 10:09. percent).

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These Oversupplied Metros Could See Major Price Drops by Late 2024

Pro Builder

Formerly red-hot housing markets such as Seattle, Phoenix, San Francisco, and Austin, Texas, have seen substantial increases in inventory, and as a result, each metro is expected to see a double-digit price correction by late 2024. decline in home prices for 2023. decline in home prices for 2023.

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Housing Market Shows First Signs of Normalizing in 2023—Here’s What That Means for Homebuyers

Pro Builder

Sidelined buyers who have been waiting for price reductions and a boost in for-sale inventory may find opportunities for homeownership in 2023. Active inventory of homes for sale was up 55% in December 2022, and of those active listings, 14% saw their prices slashed at the end of the year. For the past two years, the U.S. Raleigh, N.C.