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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 panel of housing market experts polled by Zillow anticipate that housing inventory will return to pre-pandemic levels with a monthly average of 1.5 Total inventory dropped from a monthly average of 1.6 Thu, 03/24/2022 - 10:17. million units by 2024.

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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. And the sharp decline in inventory during the pandemic (green arrow) was an indicator that price appreciation would increase.

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Single-Family Built-for-Rent Inventory Jumps 50% From 2019

Pro Builder

Single-Family Built-for-Rent Inventory Jumps 50% From 2019. Construction starts for single-family, built-for-rent homes increased 50% last quarter compared to the fourth quarter of 2019. Compared to the same timeframe in 2019, this is a 50% increase. cbroderick. Fri, 02/19/2021 - 09:43.

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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.

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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. Mon, 02/07/2022 - 10:53. 30-year fixed mortgages reached 4.0%

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If Home Prices and Inventory Weren’t Enough, Buyers Now Struggle to Get Mortgages

Pro Builder

If Home Prices and Inventory Weren’t Enough, Buyers Now Struggle to Get Mortgages. Mortgage credit availability has reached near its lowest level since 2014, adding another hurdle for prospective buyers on top of low inventory and rising home prices. This is a 9% increase from 2019. cbroderick. Mon, 04/05/2021 - 08:49.