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Home Inventory Levels: US Cities With the Most—or Fewest—Homes for Sale

Pro Builder

Home Inventory Levels: US Cities With the Most—or Fewest—Homes for Sale ldeakins Mon, 06/05/2023 - 10:58 While for-sale inventory is rising slowly but steadily nationwide, many markets remain undersupplied and overpriced on a year-over-year basis The U.S. Inventory remains tight in cities such as San Jose, Calif.,

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Texas Buyers Are Succumbing to a Frenzied Market—But Prices May Be Slowing

Pro Builder

With tighter competition and declining inventory, first-time buyers are struggling to stay afloat, and some are backing out of the housing market altogether. As affordability pressures mount across cities like Austin, price growth is steadily decelerating, but sellers still have the upper hand. Moni Loa knows all about bidding wars.

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While New Homes See Fresh Competition, Older Houses Sit Unsold

Pro Builder

If the house is perfect, the odds of someone else wanting it are high, too,” says Geena Peoples, an Austin, TX–based real estate agent with The Juice Group at Compass. Back in 2021, you could list just about anything and there would be a line out the door,” says Peoples.

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Housing Market Outlook: Should Buyers Wait it Out?

Pro Builder

Almost two-thirds of June listings resulted in bidding wars, and buyers continue to sweeten their offers by offering vacations and even crypto, but inventory remains low. Buyers who want to avoid bidding wars in these areas should consider putting their home search on pause until the local housing supply grows. Historically, Ms.

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Is a U.S. Housing Bubble About to Pop?

Pro Builder

Just how drastic those changes are depends on housing inventory and the trajectory of mortgage rates, Realtor.com reports. The dearth of homes on the market has been responsible for the record prices, bidding wars, and shockingly high offers over the asking prices during the pandemic as too many buyers compete for too few homes.

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Buyers Pull Back After Extended House Hunting

Pro Builder

Last winter, the Veros family found a home that fulfilled their modest wishlist and placed a bid for $6,000 over asking. When they learned the winning bid offered $60,000 more, the Veros knew they needed to give everything they could. Buyers Pull Back After Extended House Hunting. cbroderick. Fri, 07/23/2021 - 09:58.

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IHP Capital Partners' Richard Whiteley Discusses Land Opportunity for Home Builders

Pro Builder

Richard Whiteley: Home builders and land developers have been highly focused on restocking their land inventory since it became evident housing would be one of the unexpected beneficiaries—at least in the near term—of the pandemic. In Austin, where IHP is working on an urban infill development project, demand for new homes is only increasing.