Since real estate brokerage Redfin started taking records, fewer homes were available for sale in the United States in May 2023 than in any other month. The number of homes for sale declined by 7.1 percent year-over-year in May 2023 on a seasonally adjusted basis to 1.4 million units, according to a June 21 Redfin…
Number of US Homes For Sale Plunges to Lowest Level Since 2012
June 24, 2023
admin
Business & Marketseconomic policieseconomyhigh mortgage rateshousing inventoryMarketsreal estateUSUS Real Estate
0 Comment
High Mortgage Rates Dampen Home Buying Amid Limited Inventory
April 7, 2023
admin
Business & Marketseconomyhigh mortgage rateshousing inventoryMarketsreal estateU.S. home salesUSUS Real Estate
0 Comment
High mortgage rates have dampened home-buying demand, although a dwindling inventory has resulted in available properties selling out fast in some parts of the country. In the four weeks ended April 2, new listings declined by 21.8 percent compared to a year earlier, according to a news release on April 6 by real estate brokerage Redfin. This…
Labor Should Steer Clear of Negative Gearing in Its Quest to Raise Taxes
March 7, 2023
admin
AustraliaBusiness & Marketseconomyhousing inventoryInternationalnegative gearingOpinionpersonal financeViewpointsWorld
0 Comment
Commentary Australia has an acute housing crisis. Mortgage repayments are at record levels of unaffordability, measured by the ability to pay, and the national rental vacancy factor is only 0.8 percent. Government moves to increase taxes on superannuation and uncertainty over whether they will or will not apply capital gains tax to the family home…
Total Number of Homes for Sale Jumps by Record Amount as Housing Market Slowdown Continues
December 9, 2022
admin
Business & Marketseconomyhome priceshousing availabilityhousing inventorymortgage ratesreal estateU.S. home salesUSUS Real Estate
0 Comment
Home sale numbers in the United States rose by a record, while new listings fell amid a slowing down in the housing market, according to real estate brokerage firm Redfin. There was a 15 percent increase in the total number of houses available for sale for the week ended Dec. 4 when compared to a…
Investor Exodus and the Continued Increase of Housing Inventory
Wall street investors are selling homes at big losses into an already struggling U.S. housing market. One online company that is having difficulties due to the current housing trends is Opendoor Technologies. Opendoor is a prominent player in the selling and buying of housing inventory through an online resale process once the property has been…
Number of Homes for Sale Across US Soars as Increased Demand, Higher Prices See Buyers Hit Pause
The number of homes for sale across the United States increased at a record rate in July, signaling that higher mortgage rates and soaring prices are decreasing consumer demand for housing, according to a report published by Realtor.com on Aug. 9. The growing number of homes for sale could mean that would-be buyers may have more negotiating power…
Home Listings Rise in June While Prices Begin to Drop, Demand Reaching ‘Breaking Point’
July 1, 2022
admin
Business & Marketseconomyhome listingshousing inventorymortgage ratesreal estaterealtorU.S. home pricesUSUS Real Estate
0 Comment
The U.S. housing market seems to be cooling off as the tight inventory situation shows signs of reversal, according to data from real estate listings website Realtor. In June, the number of real estate listings increased by 18.7 percent compared to the same time in 2021, according to a June 30 news release by the…
Home Ownership Turning Into Pipe Dream for Many Americans
A combination of a shortage in homes for sale and rising prices is turning home ownership into an unattainable dream for many Americans, according to a report by the National Association of Realtors (NAR). Home prices have risen by almost 30 percent since 2019, making the typical house roughly $80,000 more expensive than prior to…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`