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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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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. percent) and Houston (down 73.5

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Housing Market Outlook: Should Buyers Wait it Out?

Pro Builder

Housing Market Outlook: Should Buyers Wait it Out? Should homebuyers consider waiting out the hectic housing market? Almost two-thirds of June listings resulted in bidding wars, and buyers continue to sweeten their offers by offering vacations and even crypto, but inventory remains low. Housing Markets. Housing Markets.

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Single Family Build-For-Rent Homes Reach All-Time High

Pro Builder

Today, there are 44,700 rental homes in the pipeline—triple the amount of houses completed in 2022. In the highest yearly total to date, 2022 saw a completion of over 14,500 BFR houses. leads the market with 5,500 homes under construction in 2023, followed by Dallas (4,400 units), and Houston, Texas (2,600 units). Phoenix, Ariz.,

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Buyers Pull Back After Extended House Hunting

Pro Builder

Buyers Pull Back After Extended House Hunting. Stratospheric prices, brutal bidding wars and record low inventory have conspired to make many prospective home buyers frustrated and fatigued. Every time you’re putting an offer on a house, you’ve effectively fallen in love,” Mr. Boyland said. cbroderick. Fri, 07/23/2021 - 09:58.

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Homebuying Activity Returns as Inventory Increases

Pro Builder

Homebuying Activity Returns as Inventory Increases. An uptick in homebuying activity in June after months of decline shows slowed buying activity resulted from low inventory, says the National Association of Realtors (NAR). June housing inventory was up 3.3% cbroderick. Fri, 07/30/2021 - 09:36. There were 1.6

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NOV Announces $23 Million Drilling Technology Facility In Louisiana

Buisness Facilities Contributed Content

That facility houses inventory and provides repair services for drilling equipment. Headquartered in Houston, NOV designs, manufactures and sells the major mechanical components for both land and offshore drilling rigs, along with providing oilfield services and equipment.