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Rapid growth in the most-affordable segment of the market is not a particularly new phenomenon — these homes have long been in high demand from budget-conscious buyers, and it can be difficult for builders to profitably build in these segments, further restricting already-tight inventory. and the top third grew by 9.8%
Despite low, low housing inventory and rising home prices, first-time buyers accounted for 31% of home sales in the fourth quarter of 2020. Louis, Pittsburgh, Cleveland, and Buffalo, N.Y. But if pricing is your top concern, the end of the fourth quarter leading into the first may be your best bet for your budget. cbroderick.
NerdWallet analyzed home affordability for first-time buyers in the country’s largest metros, finding a notable loss of affordability for these usually younger buyers with less robust credit histories and tighter budgets. Increase in inventory is just a drop in the bucket. Across the 50 most populous metros, homes were 5.5
percent in 2014 due to stronger shipment volumes and inventory carrying charges that were up 2.1 The existing warehousing inventory in DuPage County’s sub-market has over 180 million square feet of rentable building area, making it one of the top two markets in the Chicagoland area. percent in 2013 and 8.3 percent in 2014.
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