Home builders nationwide are refraining from starting new projects as they try to offload inventory, with housing starts dropping 6% year-over-year in August, and housing completions dipping 8.4%
Tagged: Housing Inventory
Home sales under contact remained relatively the same as August with an uptick in sales forecast on the horizon, as lower rates, improved affordability, and higher inventory begin to draw more buyers back into the market
Nearly one full month into the federal government shutdown, markets where many households rely on federal employment are seeing homebuyers take a brief step back as uncertainty persists
A new study reveals that potential homebuyers are increasingly bailing before hitting the closing table, as 15% of homebuying contracts were canceled in the month of September
Pending home sales jumped 17% year-over-year in San Francisco in September — more than any other major metro, as the typical home also sold in roughly 20 days, more than twice as fast as the typical U.S. home
Despite rate dip, Redfin hasn't seen any measurable bump in sales
Surprise: Owners saw their median housing costs decline in the past two decades
Analysts see stable loan performance and softening rates, while insurance costs rising and inventory stalling
Realtor.com highlights areas where new construction is helping to ease affordability constraints.
Housing market forecast predicts existing-home sales could fall to lowest level in three decades