Home values are appreciating faster than experts expected, rising almost five percent over the past year, according to the April Zillow Real Estate Market Reports, which found that there are 3.4 percent fewer homes for sale in the U.S. than there were 12 months ago. Zillow forecasted home values would grow two percent from April… Read more »
Posts Categorized: Inventory
More San Francisco Homes Sit Unsold As Inventory Grows
It’s the news buyers have been waiting for: San Francisco’s crazy competitive market appears to be slowing down. According to SocketSite, the inventory of unsold homes on the market in mid-April is at its highest point in four years. “The inventory of unsold homes listed for sale in San Francisco ticked up to 615 over… Read more »
Seattle Region At A Crossroads As Home-Buying Power Shrinks
If you own a home in the Seattle area, consider yourself lucky. The area’s rapid population growth is outpacing new-home construction and helping to drive up home prices faster than gains in household income. The run-up threatens to make homes unaffordable to a typical household and challenges policymakers to come up with solutions. In King… Read more »
Lack of Supply Driving Up US Home Prices
Home prices in the U.S. have risen consistently for the last three years. By that measure, the housing market looks pretty good, but the prices are being driven by a severe lack of supply. And that’s discouraging for many buyers, especially in some of the hottest markets, like Denver. Take the case of new mom… Read more »
Seattle Home Shortage Could Continue for Years
Typically home-buying activity falls off during the summer months, but not this year in the metro Puget Sound region, where buyers are competing to buy fewer homes while paying significantly higher prices. The lack of condos and houses for sale is nothing new as real estate agents have been clamoring for additional inventory for more… Read more »
Why The Housing Recovery is Off Track (And It’s Not Why You Think)
Lawrence Yun, the Realtor group’s chief economist, said the biggest factor working against the recovery is the lack of homes for sale. The housing inventory is where it should be in a healthy market. If sales were to continue at the current pace, there would be a 5.6 month supply, the group said. But potential… Read more »
