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Tag Archives: Inventory

Falling Inventory Stock is Troubling

The falling inventory has many industry professionals worried, especially as demand picks up. Data from Redfin shows that homes in April sold the fastest since 2010, and sold 10 days faster than a year previously. Many homes, one in four, sold above their list price.

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Inventory Drops Again, Seattle Hit Worst

Inventory has dropped yet again, declining 14 percent over last year and 25 percent since 2015. Seattle was hit the worst as far as inventory, coming in with a 1.75, the lowest Months Remaining Inventory index of all metros measured. An MRI between six and 10 indicates a balanced market.

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Home Values Rise 6 Percent, Inventory Dips

New data shows inventory is down 5 percent over the year, with the biggest decreases in Minneapolis, Columbus, and Seattle. Home values are up 6.8 percent year-over-year, hitting $196,500 for the month of March. Values appreciated most in Tampa, Dallas, and Seattle.

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Moderate Earners Losing Home Selection

The twin realities of the current U.S. housing market‒‒rising home prices and shrinking inventories in nearly every metro‒‒are increasingly putting homes out of reach for middle-income workers within their cities. The typical American worker makes just over $37,000 annually, while the typical American house costs just under $255,000.

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Inventory and Prices Prevent Some Homeowners from Moving

The strong housing recovery may be partly to blame for the large drop in inventory experienced in some markets during the past five years. On average, the more increased the housing values in a particular area above pre-recession levels, the greater the decrease in present housing inventory. The significant drop in starter and trade-up home inventory is pushing affordability further out of reach of some homebuyers.

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CoreLogic: Falling Foreclosure Inventory in June

CoreLogic published its monthly National Foreclosure Report with data from June 2014, which indicates that foreclosure inventory is down 35 percent from June last year. Foreclosures fell from 54,000 to 49,000 on a year-over-year basis. The report further indicated that foreclosure ...

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Existing-Home Sales Jump 4.9% in May

Existing-home sales rose in May at their highest monthly growth rate in years as inventory continued to expand, the National Association of Realtors(NAR) reported. According to NAR, total existing-home sales—representing completed transactions of single-family homes, townhomes, condominiums, and co-ops—jumped 4.9 percent last month to a seasonally adjusted annual rate of 4.89 million.

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