Inventory Watch: Is ‘Big Change’ on the Horizon?

The grip on inventory is loosening, with fresh listings sprouting up and the severity of the shortage starting to unwind, according to findings by realtor.com®. On an annual basis, there were 8 percent more listings on the market in September, according to data from the site, or over 465,000 new properties. The biggest boosts were […]

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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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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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Why we can’t count on current homeowners to boost low inventory

Seventy-nine percent of homeowners told Bankrate they don’t plan to move in the next five years. Another 62 percent said they’ll never move from their current home …

Pending home sales up 3.1 percent in February

The National Association of Realtors (NAR) Pending Home Sales Index (PHSI), a forward-looking indicator that tracks home sales in which a contract is signed but the sale has not yet closed, increased 3.1 percent in the month of February to 107.5 from a downwardly revised 104.3 in January …

Buyer, renter confidence slips as home prices keep rising

Consumer confidence has slipped for the second quarter in a row, thanks to low inventory, ascending home prices and worries about the ability to save a down payment or qualify for a mortgage …

How the inventory shortage is throwing a wrench in my business

What I call “disruption fatigue” set in for me a couple of years ago, and now disruption has arrived. The number of people who want to sell their home has declined, and the number of people who want to buy homes has increased —creating a record-breaking shortage of homes for sale …

How to capitalize when the inventory shortage peaks

High demand and tight inventory are the two primary factors holding the real estate market back. The good news is that the inventory shortage may have peaked, and due to rising interest rates, will probably improve in …

U.S. median home value reaches all-time high

The median U.S. home value has risen 6.5 percent year-over-year to an all-time high of $206,300 — a number that is only expected to increase in 2018, thanks to double-digit decreases in inventory …