Housing inventory rates falling in much of the country, Trulia says

Housing inventory continues to drop in most major metros for the fifth consecutive quarter
  • National starter home inventory fell 10.7 percent, trade-up homes dipped 9.2 percent and premium homes fell 3.6 percent annually in the third quarter of 2016.
  • Florida metros Cape Coral-Fort Myers and Miami came in the top two spots for annual increasing inventory rates, at 36.7 percent and 33.1 percent, respectively.
  • Florida and California each had five cities each on the list of major metros that saw annual inventory increases in Q3 2016.

Low inventory rates have been putting a damper on the housing market throughout the nation, and these rates continue to drop nationally in the third quarter of 2016, according to a new report.