Homebuyers have been holding out for a 5.5 percent rate, Maegan Sherlock told Intel. It may take a while for them to adjust their expectations. …
Posts published in “inventory”
Consumer confidence in the housing market “appears to have plateaued at a relatively low level,” said Fannie Mae Chief Economist Doug Duncan in a new…
Bonner, an eXp team leader, has been vocal about the need for agents and brokers to consider how they’ll serve buyers in a post-lawsuit landscape.…
The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low…
The National Association of Realtors recorded 408,000 sales of existing homes in May. Before the pandemic, that number was closer to 530,000. Source: Inman News
The number of homes for sale in the United States fell 7.1 percent year over year to 1.4 million on a seasonally adjusted basis, according…
New listings dropped 23 percent year over year, pulling the number of homes on the market down 39 percent compared to the same period five…
The housing downturn was supposed to bring the market back into balance between buyers and sellers. But recent inventory gains have stalled. Source: Inman News
Requests for purchase loans were down last week by 31 percent from a year ago as rates rose to new 2023 highs and homes remained…