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

"The mid-tier of housing represents nearly 60 percent of homes for sale on the market, making it a solid indicator of how tight inventory levels are in the U.S. After more than a year and a half.

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And as inventory becomes more scarce, median home prices continue to rise. Starter and trade-up homebuyers need to spend 2.9% and 1.6%, respectively, more of their income than last year to buy a home.

“We’re particularly interested in supporting legislation that makes for a more open and competitive marketplace,” Hill said. With U.S. inventory,” Hill said. “A lot of people are having to move.

Everyone agrees the U.S. housing market is being squeezed by low inventory. What they don’t agree on is why. As home inventory sits near post-recession lows, there are many hypotheses on why there are so few homes for sale today. Here are the five leading theories: (1) investors bought up too many foreclosures during the [.]

Housing Inventory for 2018. But then it seems like the tables are slowly taking a turn in the housing market that experts are seeing a better outlook for the coming year. In fact, Realtor.com released their 2018 national housing forecast report and things seem to look good in terms of housing inventory for 2018. It’s one of their forecasted.

“The winter chill extended to the housing. sales price. fifty-nine days on market was a record low for January sold listings, averaging one day less than the 60 posted in Jan. 2018. January’s.

Competition High, Inventory Low Across U.S. In San Jose, California, 74.1% of homes sold above asking, with 70.9% in Oakland, 70.1% in San Francisco, 64.1% in Seattle, and 51.8% in Tacoma, Washington. Seattle also had the country’s largest growth in price, which rose 15.9% since last year to $510,000.

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Forecast predicts boost in housing inventory, sales in 2018. housing inventory – and the higher prices that come along with it – may be numbered.. compete for higher priced homes.

After a roller-coaster decade of boom-bust-boom, the U.S. prices up more than 20 percent as they went on a buying spree, are now retreating. “The very low rate environment and the high level of.

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