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Texas Home Builders Forced to Offer Discounts to Dump Inventory by Year End

Pro Builder

Texas Home Builders Forced to Offer Discounts to Dump Inventory by Year End. Soaring housing costs are forcing Texas home builders to slow production and offer concessions in order to sell completed homes. Tue, 10/11/2022 - 10:43. The best time to buy a home will be in the next three months.”. “A

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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.,

El Paso 52
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Texas Buyers Are Succumbing to a Frenzied Market—But Prices May Be Slowing

Pro Builder

Texas Buyers Are Succumbing to a Frenzied Market—But Prices May Be Slowing. Texas real estate is looking more and more like the wild west, and first-time buyers are struggling to compete. Low mortgage rates have kicked off a buying frenzy across Texas as home prices continue to rise after an 18.6% Tue, 01/11/2022 - 10:30.

Texas 105
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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. cbroderick. Thu, 03/25/2021 - 10:09. percent).

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Housing Market Shows First Signs of Normalizing in 2023—Here’s What That Means for Homebuyers

Pro Builder

Sidelined buyers who have been waiting for price reductions and a boost in for-sale inventory may find opportunities for homeownership in 2023. Active inventory of homes for sale was up 55% in December 2022, and of those active listings, 14% saw their prices slashed at the end of the year. For the past two years, the U.S. Raleigh, N.C.

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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. decline in home prices for 2023. Read more Housing Markets Market Data + Trends Housing Markets

Metro 95