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

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The housing inventory has been so low. homes were sold there at an average price of $152,507. Two months ago, 355 homes were sold there at an average price of $181,876. A lack of new construction.

In fact, for-sale housing inventory, especially for starter homes, currently rests at its lowest level in more than ten years, according to the report.

“With the for-sale inventory remaining low in many markets, the pick-up in buying has nudged price growth. agencies and other housing market participants to help millions of people find, acquire.

Why Low Housing Inventory Leads to high home improvement Spending. nearly two-thirds of homeowners plan to spend the same amount or more on home improvement projects this. discusses with homeowners and experts the problems raised by the housing inventory shortage, by high home prices, and.

"It is likely that some of the most interest rate sensitive local markets will see home price appreciation knocked down when the low rate rug is finally pulled out from under the housing recovery.

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Cities like Denver and San Jose have begun to see some relief when it comes to the low number of homes for sale. Those inventory constraints had helped drive prices. in housing inventory of any.

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Will the housing inventory increase in 2014? If you watched my video on the first five real estate trends for 2014, here are five more from housing inventory to cities outshining suburbs.

The median California home is now priced 2.5 times higher than the median. in a community results in the expulsion of longtime lower-income residents.. according to statistics compiled by the U.S. Department of Housing and.. That kind of crowding means more competition for available housing.

Existing Home Inventory Hits Record Low. The December 2016 sales were 1.5 percent higher than those in December 2015, a 4.81 million pace. Existing condominium and co-op sales dropped 10.3 percent to a seasonally adjusted annual rate of 610,000 units, and are now 4.7 percent below the previous year.

Continuing its unabated record growth, the U.S. median listing price in June reached its likely high. homes on the market is more difficult to determine. "It’s likely a combination of rate-lock,