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Tag Archives: Realtor.com

Inventory Declining at a Slower Pace

The pace of inventory declines appears to be slowing, which may in turn slow price appreciation in some markets, according to Realtor.com. ""Dramatic national year-over-year inventory declines have evaporated,"" Realtor.com said in its National Housing Trend Report released Tuesday. National housing inventory declined 5.24 percent year-over-year in July, which is a slowdown from the 16.47 percent year-over-year decline reported in January. At the same time, the number of markets with declining inventory year-over-year decreased to 118 in July, down from 125 markets in June.

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California Dominates Turnaround Towns List; Detroit Claims Spot

California markets dominate Realtor.com’s list of Turnaround Towns for the second quarter of this year, claiming the top four spots on the list and six of the top 10. While California may take the most spots on the top 10 list, Realtor.com says Detroit's presence on the list is ""most noteworthy."" The top 10 ""Turnaround Towns"" are determined by an algorithm that relies on data including inventory levels, median list prices, median number of days on market, and search and listing activity on Realtor.com.

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Survey Finds School Boundaries Huge Factor in Purchase Decisions

With summer drawing to a close and a new school year approaching, a new survey from Realtor.com shows school boundaries factor in heavily for many homebuyers when they consider their purchasing decision. In a poll of buyers planning to purchase a home within the next two years, Realtor.com found that three out of five respondents will consider school boundaries when choosing their next home. Out of that number, 90.53 percent said they are either an ""important"" or ""somewhat important"" factor.

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