Remove 2020 Remove Finance Remove Inventory
article thumbnail

Buyers Face Tough Conditions as Housing Inventory Drops 43% Annually

Pro Builder

Buyers Face Tough Conditions as Housing Inventory Drops 43% Annually. If homebuyers are fed up with the rising home prices and low inventory now, the upcoming spring homebuying season could make this season look effortless. January housing inventory dropped 43% compared to January 2020, according to Realtor.com.

Inventory 104
article thumbnail

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. The median credit score for borrowers was 786 during the fourth quarter of 2020.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

An In-Depth Analysis of 2020’s Buyers and Sellers

Pro Builder

An In-Depth Analysis of 2020’s Buyers and Sellers. Fri, 12/18/2020 - 09:23. The National Association of Realtors’ annual Profile of Home Buyers and Sellers survey identified characteristics of both homebuyers and homes purchased, financing, selling experiences, and general profiles before and after COVID-19. cbroderick.

article thumbnail

New Listings, House Prices Fall in November as Buyers Back Off

Pro Builder

Despite decreased activity from home sellers, total housing inventory is up 8.5% compared to the same week in 2020, and an above-average 6-month supply of homes is currently under construction. This elevated level of homes under construction is due to supply chain constraints. New-Home Sales. Market Data + Trends.

Housing 52
article thumbnail

Why the ‘Lock-in’ Effect Is Prompting Homeowners to Stay Put

Pro Builder

During the four weeks ending September 11, new listings fell 19% year-over-year, the largest drop recorded since May 2020. Even as the housing market slows, a lack of new inventory is sustaining elevated home prices and leaving would-be buyers with few affordable options. 11, the largest drop since May 2020. . Financing.

article thumbnail

February Listings Received an Average of Four Offers

Pro Builder

The National Association of Realtors says there were two to three offers for every home sold in February 2020. For housing inventory to meet demand, which would mean a six month supply, an additional 2.7 regions since August 2020. As of January, the combined inventory of existing-homes and new homes for sale was just at 1.7

article thumbnail

Case-Shiller National Index Reveals Monthly Deceleration

Pro Builder

According to Bill McBride’s CalculatedRisk Newsletter, the Federal Housing Finance Agency is reporting an 18.5 There is a seasonal pattern to inventory, but this is still very low - and prices are increasing sharply. percent YoY house price increase for the third quarter of 2021. . months in October. New-Home Sales. Housing Markets.