Tag Archives: Limited inventory

Amid a larger inventory drought and increasing mortgage rates, Realtor.com reported that October home prices held steady from the previous month. But is the number of homes actively for sale following suit?

In a new poll from RCN Capital, in conjunction with CJ Patrick Company, 72% of the real estate investors surveyed felt that market conditions for investing were better or the same as one year ago.

Nearly one in six prospective homebuyers across different races and ethnicities reported facing some form of discrimination during the homebuying process, according to the National Association of Realtors. Others cited their primary reasons for stalling their home purchase as waiting for mortgage rates and home prices to decline, alongside a lack of available homes within their budget.

According to Redfin, the typical starter home sold for an eye-watering record of $243,000 in June 2023, up 2.1% year-over-year and up 45% from before the pandemic.

The overall lack of new listings nationwide has pushed the total number of homes on the market down 5% year-over-year, reaching their lowest level of any early June on record, according to a new housing market update from Redfin.