Low U.S. Housing Inventory Results in More Competition, Higher Prices, Older Homes

“One factor pushing prices up is the continued low supply of homes for sale. the longest road to a new high, is 47% below its peak when inflation is factored in.” Zillow Senior Economist Aaron.

Low inventory, demographic shifts, and rising prices will cause frustration this spring and summer. This shortage-inventory has decreased for 42 consecutive months and is down 8.5 percent from last year, according to Realtor.com data-comes as demographic trends conspire to create even more competition.

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“High affordability and low interest rates continue to support the ongoing housing sector recovery. Ongoing low inventory levels are supporting price increases. With few homes for sale, intense.

Fueled by job growth, pay raises and still-low loan rates – and perhaps fearful of being left out as more homes are snapped up and prices rise further – many people are looking to buy.

4 Biggest Reasons Housing Inventory Levels Are So Low.. they won’t be able to purchase the $500K home in Boston for the same price because the prices have gone up for all homes, not just the one they own.. Another factor contributing to the low inventory of homes is the decrease in.

What happened: Sales of previously-owned homes tumbled in December, capping a dismal year for housing. more than 1.2 million active listings that subscribe to its services. “Buyer traffic continues.

Higher prices might even be drawing some people into the market who otherwise might have waited. Yet the low stock of new homes might also have ratcheted up competition. on the U.S. market was.

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The seemingly unending rise in home prices started to slow, mortgage. “First- time buyers can expect less competition than last year, but it's still very. in starter home inventory may help, its mostly higher-priced markets that will. interest rates have fallen as a result and could move lower if the Fed acts to.

The housing inventory has been so low through spring and summer, the National Association of Realtors predicts the U.S. could be heading for a crisis.