Tag Archives: Housing Inventory

A new report from RentCafe showed Miami was 2022’s hottest U.S. market as two-thirds of renters renewed their lease. Here are the latest findings.

After experiencing a near 5% monthly drop in pending October sales, NAR reported the near-20-year high in mortgage rates and expensive home prices forced many prospective buyers to the sidelines.

Distressed sales, including foreclosures and short sales, comprised just 1% of home sales in October 2002 according to new NAR data, down from 2% in September.

Homes built during the pandemic boom are now going up for sale, according to Redfin's latest market report. The share of new construction homes reached 29%, marking a new high for any Q3 on record.

A new Realtor.com analysis reported only 4 in 10 new agents are confident about a long-term real estate career. Industry experts suggest mentorship, cash reserves, and a full-time commitment are the keys to early success.

"Based on our findings, the shift to a more balanced market is still in its early stages. We expect that this much-needed reset will persist through much of 2023, and although prices will again begin to rebound they likely won't return to their peaks for the foreseeable future," said Sean Black, Knock Co-Founder and CEO.

Active listings surged 33.5% year-over-year to the highest level since 2020, while the median list price grew by 13.3% in October. New data from Realtor.com's October 2022 Monthly Housing Market Trends Report reveals how these numbers are shifting.

As many would-be home sellers are holding onto their existing homes, properties are now staying on the market longer according to the latest Zillow analysis, leaving sellers to try and draw in homebuyers with attractive listings and price drops.

HUD and the Census Bureau reported that single-family home sales fell month-over-month in September, with the nation’s supply of homes for sale rising by 1.1 months to 9.2, above the standard for a balanced market that favors buyers and sellers evenly.

The U.S. Department of Housing and Urban Development (HUD) announced today that it will make available $41 million for local affordable housing and community development activities that benefit people with low-incomes. The funding is being awarded through HUD’s Capacity Building ...