Skip to main content

Trulia: More Homes Up for Sale

Phil Hall
Sep 28, 2018
Home prices during September increased nationally by 3.5 percent from one year earlier and were also up by 0.4 percent from August

More homes are currently available for sale than at any other point this year, according to the new Inventory and Price Watch Report from Trulia.
Although the national inventory level is down 2.5 percent from one year ago, the number of homes for sale during the third quarter dropped to its slowest annual pace since 2015 and has climbed in several major markets, including San Jose (66.9 percent), Salt Lake City (45.0 percent) and Seattle (44.3 percent).
However, this does not mean that housing has become more affordable. Trulia has found that starter homebuyers would pay 25.6 percent of their income toward a mortgage (up 3.3 percent from 22.3 percent a year ago), compared to 24.4 percent for trade-up buyers (up 2.3 percent points) and 21 percent for premium buyers (up 1.3 percent).
"Homebuyers may be pleasantly surprised to see more homes on the market, as housing inventory starts to make a comeback after years of decline," said Cheryl Young, Senior Economist, Trulia. "While this is ultimately good news for frustrated buyers, years of steadily increasing prices mean that those hoping to buy a home will need to spend a bigger share of their income once they find one. Nonetheless, those buyers daunted by low inventory and high prices have reason to be cautiously optimistic as parts of the housing market begin to ease."

Sep 28, 2018
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021
Interfirst Mortgage Launches ONE, Backed By Non-Owner Occupied Properties

ONE is a unique product built on a single interest rate with no adjustments and qualifies off the cash flow of the rental property.

Industry News
Jul 16, 2021
Global Digital Lending Market Projected To Reach $27B By 2028

The Global Digital Lending Platform Market was valued at $7.14 billion in 2020 and is projected to reach $27.07 billion by 2028.

Analysis and Data
Jul 14, 2021
FOMC Discusses Raising Interest Rates

Inflationary pressures have finally forced the Federal Open Market Committee (FOMC) to discuss raising interest rates and tapering its bond-buying program.

Analysis and Data
Jul 14, 2021
Fathom Holdings Inc. Creates New Hispanic Division

Fathom Holdings Inc., a technology-driven real estate platform, announced the creation of their Hispanic Division to more adequately serve this fast-growing demographic. 

Industry News
Jul 07, 2021