Home inventory finally showing signs of life in November
There were 7.5% more homesellers listing their homes in November 2023 than in November 2022, according to Realtor.com, with total inventory up as well, ending a 4-month slide
by Ben Verde Nov 30
2023 fall outlook: A cooler season roiled by homebuyer-seller friction
Commissions will take a hit from the seasonal real estate transaction fall-off. But unlike last year, home price growth may gain steam, according to an Intel analysis of housing market projections
by Daniel Houston Sep 13
Redfin CEO: Adjustable-rate loans may push sellers off the sidelines
In an interview with CNBC on Wednesday, Redfin CEO Glenn Kelman laid out some of the variables that might begin to unlock home inventory in the years to come, including adjustable rate resets
by Daniel Houston Jul 20
Robert Reffkin: Sub-4% mortgages are 'handcuffs' for home inventory
In a Bloomberg Markets TV appearance, the top boss at Compass said homeowners are treating a 3% mortgage rate 'as a financial asset' — at least for now
by Daniel Houston Jun 8
Sellers’ strike? New listings fell in August as active listings increased
Inventory rose due to a steep drop in homebuyer demand and homes that are spending more time on market while sellers pulled back on listing new properties, according to Realtor.com data
by Taylor Anderson Sep 1
Home inventory rose at record pace in July, despite fewer new listings
The long-awaited recovery in home inventory is in full swing. It's not being driven by a rise in new listings but by the ongoing slowdown in demand from buyers, according to Realtor.com
by Daniel Houston Aug 9
The long-awaited recovery in home inventory is gaining steam
The fast-paced cycle of the typical US home sale has begun to slow, paving the way for a recovery of the nation's depleted home inventory
by Daniel Houston Jul 15
Is it a housing bubble? Nearly 68% of housing markets are overvalued
Within the last year alone, home price growth, which has reached 20.6%, has become 4 times greater than income growth, which is a mere 4.8%
Inventory usually rebounds in the spring. Not this time, new study says
Inventory bucked an annual trend, dropping month over month in February despite typically bottoming out each December before rebounding in time for the spring, according to Zillow data
by Taylor Anderson Mar 17
US home inventory drops below 1M
Home inventory dropped to the lowest level on record last month as buyers competed over an already sparse range of choices, according to data released Thursday by Zillow
by Daniel Houston Jan 20
US home sales tally biggest drop since start of pandemic
Record-low inventory dragged home sales down by a seasonally adjusted 3.6% nationwide in December, according to a new Redfin report released Friday
by Taylor Anderson Jan 14
US home sale prices hit new all-time high as supply drops to record low
The median home sale price rose 14.6 percent from the previous year to a high of $361,171 during December, according to a new Redfin report
by Ben Verde Dec 30
Home inventory hits all-time low
Fewer homes were available in November than in any period on record, driving prices 15% higher than last year, Redfin reports
by Daniel Houston Dec 20
New home sales beat expectations as prices climb to historic record
Sales of new single-family homes notched a seasonally adjusted annual rate of 800,000 in September 2021, while the median sales price hit a new record of $408,800
by Lillian Dickerson Oct 26
Fewer homes sell in August than last year, a first since pandemic boom
Home sales declined in August on a seasonally adjusted basis, settling in 6% lower than the same time last year, according to new data from Redfin released Thursday
by Daniel Houston Sep 16