Homes by the Millions ‘Missing’ Thanks to Underbuilding

With building halted in the recession and construction at insufficient levels since, there is a 6.3 million deficit in the housing stock, according to an analysis newly released by Zillow. From 2008 on, there have been 1.9 approved building permits (single-family) per 1,000 people—but, historically, the number has been 3.9. According to the analysis, if […]

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Inventory: Is the Drought Easing?

When it comes to the housing market, the conversation has been dominated by pricey properties and short supply—but, under the radar, there has been an improvement in inventory, according to realtor.com®’s recently released July 2018 Monthly Housing Trend Report. The easing, however, is not at the entry level, but in the high-priced tier. In July, […]

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Are we in a housing bubble? It depends on who you ask

Are we in a housing bubble? That’s a big question that’s constantly on the mind of everyone in the industry. One financial analyst thinks so, but real estate economists who spoke to Inman disagree.

Realtor.com: Early Signs of a Slowdown

Home prices and sales are at their speediest yet, but there are indicators of tempering, according to data from realtor.com®. In May, listings were at a median $297,000, which is 2 percent higher than in April and 8 percent higher than in May 2017. Annual growth, however, lost steam; in February, home prices were up […]

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How Can Brokers Lead the Effort to Increase Listings, Boost Inventory?

According to RISMedia’s 2018 Power Broker Report & Survey, 71 percent of Power Brokers are being challenged the most by inventory shortages. This month’s National Association of REALTORS® (NAR) Power Broker Roundtable discusses how to address the issue, and offers up steps and solutions. Moderator Christina Pappas, District Sales Manager, The Keyes Company, Miami, Fla.; […]

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Home-Building in 2017: The Winners

Ahead of the buying season, inventory issues are showing no signs of subsiding. According to the National Association of REALTORS® (NAR), existing inventory is at a 3.4-months supply, dismally down 9.5 percent from last year. New inventory is at 5.7 months, the Census reports. Although builders are confident and ground-breaking looks promising, the deficiencies persist. […]

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Home Prices Rapidly Rise: Is History Repeating Itself?

‘Rapid Price Increases Will Not Last Forever’ The current growth in home prices is echoing the lead-up to the recession. Is history repeating itself? The answer is likely not, according to a recently released realtor.com® report. Building is lacking in many markets—one hallmark 10 years ago was over-construction—and credit standards are more stringent, says Danielle […]

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‘Inelastic’ Inventory: It’s Fate

Affordability is a complex web. Home prices, incomes and mortgage rates all factor in. Land use limitations also play a role—but not as large and unchanging a role as location overall, according to a recent analysis by Freddie Mac. Home builders are burdened by compliance costs related to land use and zoning—expenditures that, over the […]

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Why Inventory Is the Lowest It’s Been in 20 Years

Housing demand continues to outstrip supply, with shortages now at their worst in 20 years. Why? The answer is simple: Homeowners are happy where they are, according to a new survey by realtor.com®. Sixty-three percent of homeowners surveyed say their current house meets their needs, with baby boomer homeowners especially unwilling to move—a problem for […]

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1 in 3 homebuyers making offers sight-unseen: Takeaways for real estate agents

With properties selling like hotcakes, one out of three recent homebuyers made an offer on a home without seeing it in person, according to a new survey from high-tech brokerage Redfin. The finding underscores how leveraging new marketing technology an…