Inventory is finally starting to show up in the California housing market. The main motivator of this growing inventory is the delusional prices being asked by sellers are no longer generating massive amounts of sales from house lusting buyers. In other words, sky high prices have caused many homes to sit on the market longer thus allowing for more inventory to accumulate like a queue forming.
“With interest rates still at an all-time low, this may be the ideal time to make a new home purchase,” City of Edmonton Chief Economist and Senior Market Analyst of the Canadian Mortgage and Housing.
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While limited inventory. Group. Humphries said he expects rent increases to outpace price gains by the end of the year as higher mortgage rates limit affordability and the rental market remains.
South Florida data from the U.S. Department of Housing. rates of all time, because the underwriting guidelines have been so stringent. It’s still somewhat difficult to get a mortgage compared to.
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APRIL 2018 housing market report. austin, TX-The Austin-area housing market’s declining inventory and robust sales trends are creating an increasingly competitive housing market across all price classes, according to the latest Central texas housing market report from the Austin Board of REALTORS ® (ABoR).
WASHINGTON (October 30, 2017) – Despite solid interest in buying a home – sparked by steady job gains, record low mortgage rates and higher rents – the severe drought in housing supply in much of the country over the past year accelerated price growth and kept many first-time buyers out of the market.
Spring home buyers market.. 2018 Comment. The Twin Cities Housing April 2018 Snapshot. I’m not going to lie to you; housing inventory is at a new all-time low.. Incredibly low mortgage interest rates are holding steady at least for now, so this is really an awesome time to make your move
Lynn Ottimer Loan Officer | NMLS #228655 324 Boca Raton Florida Paramount Residential Mortgage Group Mortgage Professional Reviews Former newspaper reporter and high school teacher. Now a content marketing and public relations professional – helping businesses use original data and insights to drive more traffic to their websites. My areas of expertise include digital marketing, data visualization, public relations, economics, politics, finance, education, and U.S. history.
HOUSTON’S HOUSING INVENTORY REACHES AN HISTORIC LOW IN NOVEMBER – blog post by Nora’s Blog.. with buyers plunging inventory levels to an all-time low. The supply of homes fell to 2.9 months of inventory compared to 4.1 months in November 2012.. Real Estate Agents in Popular Cities.
A housing affordability index that’s based on a combination of resale prices, household income and mortgage rates reached an all-time high. of Realtors reported on May 9. The median price in 146.