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Forbearance Exits Expected to Add Inventory

Pro Builder

Forbearance Exits Expected to Add Inventory. A wave of inventory could come soon as hundreds of thousands of homeowners are expected to exit forbearance, with a significant share likely to list their homes. This not only benefits the market’s inventory problem, but homeowners can benefit from the significant price appreciation.

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Which Housing Markets Are Home to the Lowest For-Sale Inventory?

Pro Builder

Which Housing Markets Are Home to the Lowest For-Sale Inventory? Regionally, February inventory fell the fastest in Lake and DuPage counties outside of Chicago, where prices were down 62% and 59%, respectively, from five years ago. In Clark County, Nev.,

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Rental Market Recovers Faster Than Predicted

Pro Builder

There’s rebalancing in the for-sale market as well with inventory increasing for the third consecutive month and home value growth slowing in many of the largest markets. Chicago, Minneapolis, Seattle, Boston, New York, San Francisco and San Jose. Inventory Rebound Continues. For-sale inventory, while still down 27.6%

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How Single-Occupant Households Are Exacerbating a Rental Affordability Crisis

Pro Builder

Between 2021 and 2022, rents rose 17% in Chicago, 13% in Seattle, and 10% in Washington, DC, Insider reports. Instead, more single-occupant households are filling those inventory gaps and keeping cost high even as the total share of renters continues to fall. Those rising rents aren’t because Americans are moving back to major cities.

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How Single-Occupant Households Are Exacerbating a Rental Affordability Crisis

Pro Builder

Between 2021 and 2022, rents rose 17% in Chicago, 13% in Seattle, and 10% in Washington, D.C., Instead, more single-occupant households are filling those inventory gaps and keeping cost high, even as the total share of renters continues to fall. Insider reports.

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Why the ‘Lock-in’ Effect Is Prompting Homeowners to Stay Put

Pro Builder

Even as the housing market slows, a lack of new inventory is sustaining elevated home prices and leaving would-be buyers with few affordable options. For example, Redfin found that in Atlanta, Chicago, Los Angeles and Washington, D.C., New listings slumped 19% year over year during the four weeks ending Sept.

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Join Us at the AHR Expo Next Week

Viewpoint Construction Technology

The Air Conditioning, Heating & Refrigeration (AHR) Expo (McCormick Place, Chicago, Jan. 22-24), is the world’s largest trade show for HVACR contractors, vendors and suppliers. If you’re not one of the 65,000 folks attending, you should be.

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