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Amid Tech Layoffs and Falling Inventory, the Bay Area Housing Market Is Losing Buyers

Pro Builder

Not only is uncertainty in the tech sector leading to weaker homebuying demand, but a lack of for-sale inventory is creating additional hurdles for prospective buyers. Not only is uncertainty in the tech sector leading to weaker homebuying demand, but a lack of for-sale inventory is creating additional hurdles for prospective buyers.

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Monthly Housing Inventory Drop Improved Slightly in April

Pro Builder

Monthly Housing Inventory Drop Improved Slightly in April. Back in March, there were signs of a possible upturn in inventory for the month of April, yet housing inventory dipped 1.4% Back in March, there were signs of a possible upturn in inventory for the month of April, yet housing inventory dipped 1.4%

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Housing Inventory Shows Promising Signs of Potential Rebound

Pro Builder

Housing Inventory Shows Promising Signs of Potential Rebound. Housing inventory began to show its first signs of a rebound in March when stock took a much shallower dip and even increased from February in some markets. For-sale inventory dropped 1.1% For-sale inventory dropped 1.1% cbroderick.

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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. Read more Housing Markets Market Data + Trends Housing Markets

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Could the Fall Season Bring a Cooler Housing Market?

Pro Builder

Could the Fall Season Bring a Cooler Housing Market? August welcomed slower housing price growth and increase in inventory, prepping the cooler fall season for a cooler housing market. The largest drop-offs were in Buffalo, San Diego and San Francisco. . cbroderick. Thu, 09/16/2021 - 10:56.

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The Bay Area Housing Market Is Becoming More Balanced

Pro Builder

Inventory is still at a historic low with the past 12 months seeing the smallest share of new listings coming on the market in more than 20 years. In general, houses are receiving less offers than they used to, and they're sitting a little longer.” Read more Housing Markets Affordability New-Home Sales Housing Markets

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Bay Area Tech Workers Flee to Lake Tahoe, Dramatically Reducing Housing Supply

Pro Builder

Bay Area Tech Workers Flee to Lake Tahoe, Dramatically Reducing Housing Supply. Lake Tahoe, a peaceful retreat on the edge of California and Nevada, has been swarmed with tech workers fleeing the dense, pricey San Francisco area. cbroderick. Thu, 07/30/2020 - 09:26.