article thumbnail

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%

article thumbnail

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.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Metro 95
article thumbnail

Housing Markets to Watch in 2022

Pro Builder

Housing Markets to Watch in 2022. Forbes reveals its list of the hottest housing markets for the new year. to suburban communities, the hottest housing markets of 2022 are defined by the most appealing sales-to-list price ratios, median sale prices, and for-sale inventory over a 5-year period. Housing Markets.

Housing 52
article thumbnail

A Housing Correction Is Losing Steam—Here’s Where Experts Say Home Prices Could Go From Here

Pro Builder

But as the housing market moves into a typically busy spring season, that correction is losing steam. Second, inventory in March was 49.5% Third, housing affordability has improved a bit over the past few months as mortgage rates came back under 7% and many markets saw home prices come down a bit. below levels hit in March 2019.

Housing 52
article thumbnail

A Housing Correction Is Losing Steam—Here’s Where Experts Say Home Prices Could Go From Here

Pro Builder

and 16.3%, respectively, from their peak, but as the housing market moves into a typically busy spring season, that correction is losing steam. and 16.3%, respectively, from their peak, but as the housing market moves into a typically busy spring season, that correction is losing steam. Second, inventory in March was 49.5%

Housing 52
article thumbnail

Thomas Beadel on Splitting Lots and Doubling Inventory

Pro Builder

Thomas Beadel on Splitting Lots and Doubling Inventory. The business model for Thomas James Homes' Trademark by TJH brand brings more opportunities for buyers in neighborhoods where inventory is tight. to Silicon Valley and Seattle by splitting single parcels and building side-by-side duplexes. Wed, 09/30/2020 - 06:00.