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Homebuying Activity Returns as Inventory Increases

Pro Builder

Homebuying Activity Returns as Inventory Increases. An uptick in homebuying activity in June after months of decline shows slowed buying activity resulted from low inventory, says the National Association of Realtors (NAR). June housing inventory was up 3.3% cbroderick. Fri, 07/30/2021 - 09:36. There were 1.6 Respectively, 8.1%3

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Forbearance Exits Expected to Add Inventory

Pro Builder

Forbearance Exits Expected to Add Inventory. A wave of inventory could come soon as hundreds of thousands of homeowners are expected to exit forbearance, with a significant share likely to list their homes. This not only benefits the market’s inventory problem, but homeowners can benefit from the significant price appreciation.

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These Popular Markets Are Expected to See the Biggest Inventory Gains in 2023

Pro Builder

Inventory is expected to increase 17% nationwide in 2023, but the number of homes available for sale is expected to decline in half of the largest 100 markets, Forbes reports. If one thing is true about 2023, it’s that buyers will experience different scenarios based on their location. Louis and New Orleans.

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As Spring Buying Season Approaches, Inventory Drops

Pro Builder

As Spring Buying Season Approaches, Inventory Drops. Buyers entering the housing market in the spring buying season will face difficulties as housing inventory dropped nearly 50% compared to 2020. A 25% increase in listings is needed to bring inventory back to April 2020’s level. cbroderick. Thu, 03/25/2021 - 10:09. percent).

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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. of total offers in the Dallas market resulted in bidding wars compared to 53.3% year-over-year increase in 2021. In October 2021, 68.4% one year prior. Housing Markets.

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Single Family Build-For-Rent Homes Reach All-Time High

Pro Builder

leads the market with 5,500 homes under construction in 2023, followed by Dallas (4,400 units), and Houston, Texas (2,600 units). Last year, in 2022, Dallas led the charge with the most BFR completions in the country (2,773). Where Are Build-For-Rent Homes Being Built Most? Phoenix, Ariz., as the exception. Atlanta, Ga.,

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Thomas Beadel on Splitting Lots and Doubling Inventory

Pro Builder

Thomas Beadel on Splitting Lots and Doubling Inventory. The business model for Thomas James Homes' Trademark by TJH brand brings more opportunities for buyers in neighborhoods where inventory is tight. West Coast) suburbs in the major metropolitan area are not (like the) suburbs of Dallas where it’s 20 minutes outside to Plano.