Tag Archives: Supply

While mortgage-purchase applications fell to a 28-year low in August, the median U.S. home-sale price is up nearly 5% year-over-year. Due to a severe lack of inventory, high housing costs continue to dampen homebuying demand, according to a new report from Redfin.

According to a new study from Home Bay, it is cheaper to rent than purchase a home in 45 of the 50 most populous U.S. cities, with San Jose, California, ranked the most expensive city for buying a home, whereas Pittsburgh was named the most affordable.

Sales in every month of 2022 fell short of the previous year, according to a new RE/MAX report, which shows home sales were down an overall 38% from 2021, while the number of homes for sale was up nearly 70%.

Home prices have increased for the 123rd consecutive month, with newfound buyer urgency as a primary driver for 70% of U.S. homes selling for more than asking price this spring.

While experts forecast 2022 to be a seller's market, annual home price growth is expected to moderate from its pace of 2021.

The nation's housing supply continues to dwindle, dropping nearly 18% YOY from 2021's totals.

The combination of a healthy economic recovery and continued low rates is forcing home buyers into limited options.

The pace of the housing market has accelerated at a time when it typically slows, as 44% more homes are pending sales than at this time in 2019.

A comparison of current indicators with those at the end of the Great Recession gives insights into what has changed for the housing market and what the future could hold.

Even as the spring homebuying season promises to be better for home sales than the previous few months, an expert takes a look at the factors that are likely to hamper sales from achieving their full potential.