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Two Years Into Low Inventory and Rising Prices—And Still No End Is in Sight

Pro Builder

Two Years Into Low Inventory and Rising Prices—And Still No End Is in Sight. Over the past two years, the COVID-19 pandemic hit the housing market hard, upending everything from housing supply to the median home price, but according to The New York Times , no quick reprieve is in sight. Thu, 01/20/2022 - 10:24.

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Here Are the Cities With the Highest Inventory—and Those With the Lowest

Pro Builder

Here Are the Cities With the Highest Inventory—and Those With the Lowest. The spring homebuying season is just around the corner, but a record low supply of homes for sale could pose a serious obstacle for new house hunters flooding the market. most agree that inventory will remain extremely tight during the peak 2022 buying season.

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Is the Pandemic Entirely to Blame for Record-Low Housing Inventory?

Pro Builder

Is the Pandemic Entirely to Blame for Record-Low Housing Inventory? The same can be said for record-low housing inventory. But, as Jenny Schuetz, researcher at the Brookings Institution tells the New York Times , there has not quite been a housing market like the current one. cbroderick. Fri, 02/26/2021 - 09:26.

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An Influx of Buyers Nearly Dries Out Palm Beach's High-End Inventory

Pro Builder

An Influx of Buyers Nearly Dries Out Palm Beach's High-End Inventory. Compared to last year, there are 79% fewer homes for sale, bringing Palm Beach’s housing inventory down to a five or less month supply. cbroderick. Fri, 10/16/2020 - 09:16. Palm Beach has emerged as one of the hottest real estate markets right now, says CNBC.

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A Tale of Two Extremes: NYC For-Sale Market Stalls While Rental Market Booms

Pro Builder

As inventory dwindles and landlords raise rents, ongoing interest in the rental market is leading to faster and more expensive transactions, even as the for-sale market stagnates. In this environment, rental deals move at the speed of light, while every sales transaction is unique.

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Home Prices Experience Largest Jump in 2 Years

Pro Builder

Home prices are picking up speed as inventory continues to dwindle and mortgage rates remain low. The inventory of homes priced under $100,000 was down 32% annually in July, according to the National Association of Realtors. CoreLogic cites Nassau and Suffolk counties on Long Island, New York, where home prices jumped 4.3%

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As Mortgage Rates Surge to 7%, Buyers Are Facing a Shrinking Window of Opportunity

Pro Builder

economy, home prices remain high in most regional markets due to a nationwide housing deficit exacerbated by a lack of existing for-sale inventory, The New York Times reports. Despite the Federal Reserve’s increasingly aggressive rate hikes meant to cool runaway inflation in the U.S.