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Two Years Into Low Inventory and Rising Prices—And Still No End Is in Sight

Pro Builder

Two Years Into Low Inventory and Rising Prices—And Still No End Is in Sight. Over the past two years, the COVID-19 pandemic hit the housing market hard, upending everything from housing supply to the median home price, but according to The New York Times , no quick reprieve is in sight. Thu, 01/20/2022 - 10:24.

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Home Prices Experience Largest Jump in 2 Years

Pro Builder

Home prices are picking up speed as inventory continues to dwindle and mortgage rates remain low. The inventory of homes priced under $100,000 was down 32% annually in July, according to the National Association of Realtors. CoreLogic cites Nassau and Suffolk counties on Long Island, New York, where home prices jumped 4.3%

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Location Focus: New York – The Empire State Leverages Its Strengths

Buisness Facilities Contributed Content

New York is one of the most dynamic and diverse state economies in the country. And with close to 300 public and private universities, New York also is an education powerhouse. The Town of Islip has long been known as a leader of economic development in New York. By Business Facilities Editorial Staff.

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Is the Pandemic Entirely to Blame for Record-Low Housing Inventory?

Pro Builder

Is the Pandemic Entirely to Blame for Record-Low Housing Inventory? The same can be said for record-low housing inventory. But, as Jenny Schuetz, researcher at the Brookings Institution tells the New York Times , there has not quite been a housing market like the current one. cbroderick. Fri, 02/26/2021 - 09:26.

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Starter Home Inventory at Five-Decade Low

Pro Builder

Starter Home Inventory at Five-Decade Low. There were 418,000 new starter homes constructed in the late 1970s, but there were just 65,000 starter homes completed in 2020. Freddie Mac defines entry-level housing as homes up to 1,400 square feet, and inventory for those homes is now at a five-decade low, reports Realtor.com.

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Here Are the Cities With the Highest Inventory—and Those With the Lowest

Pro Builder

Here Are the Cities With the Highest Inventory—and Those With the Lowest. The spring homebuying season is just around the corner, but a record low supply of homes for sale could pose a serious obstacle for new house hunters flooding the market. most agree that inventory will remain extremely tight during the peak 2022 buying season.

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Metro Denver and Colorado Springs Inch Into the 10 Least Affordable U.S. Housing Markets

Pro Builder

Rising home prices and a lack of inventory have pushed the Denver and Colorado Springs metros into the top 10 most unaffordable housing markets in the U.S., With historically low inventory, it looks like more bidding wars and more offers above list price are really driving up home prices,” he said. Tue, 03/08/2022 - 10:23.

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