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Weekly Inventory Up Year-Over-Year for the First Time Since 2019

Pro Builder

Weekly Inventory Up Year-Over-Year for the First Time Since 2019. Housing inventory is slowly climbing as buyer demand, home sales slow due to mortgage rate hikes. Year-over-year inventory was down 30% from 2019 levels at the start of the year, but current year-over-year supply is unchanged from mid-2019.

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Housing Inventory Won’t Return to Pre-Pandemic Levels Until 2024, Experts Say

Pro Builder

Housing Inventory Won’t Return to Pre-Pandemic Levels Until 2024, Experts Say. A nationwide housing supply deficit has made homeownership an unattainable goal for a growing number prospective buyers, and some experts say they may have to wait another two years. . Total inventory dropped from a monthly average of 1.6

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Mortgage Rates Highest Since October 2019

Pro Builder

Mortgage Rates Highest Since October 2019. Following strong employment in January, the most prevalent 30-year fixed mortgage rate is steadily rising toward 4.0%, the highest since October 2019, Bill McBride reports in the CalculatedRisk Newsletter. Housing Policy + Finance. Housing Policy + Finance. Affordability.

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The Housing Market Is Hitting a Turning Point, but Where Will It Go From Here?

Pro Builder

The Housing Market Is Hitting a Turning Point, but Where Will It Go From Here? Home sales are slowing, asking prices are dropping, and—believe it or not—inventory is rising. The number of new listings rose 8% in May, the first gain since June 2019, though inventory remains at a historic low nationwide, Realtor.com reports.

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2022 Housing Market in Review: A Year for the Record Books

Pro Builder

As demand skyrocketed while housing supply remained historically low, home prices soared to an all-time high of $430,365 in May, and median rent prices also reached a record high of $2,053 in August. As mortgage rates rose alongside inflation, more buyers decided to stay put, allowing inventory to increase.

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When Predicting a Housing Slowdown, Inventory Is Key

Pro Builder

When Predicting a Housing Slowdown, Inventory Is Key. The housing market is cooling after two years of frenzied buyer activity, but a slowdown in home price growth hinges on existing and new home inventory. Tue, 06/28/2022 - 10:31.

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Existing Home Sales Soared in 2020 Despite Record Low Inventory

Pro Builder

Existing Home Sales Soared in 2020 Despite Record Low Inventory. If housing inventory were robust enough to meet current demand, there may have been nearly 8 million sales closed, says the National Association of Realtors chief economist. In addition to the low inventory, home prices increased 12.9% cbroderick.