American housing inventory is officially at crisis level, according to a new report. Redfin revealed this week that the number of active listings in the U.S. housing market hit an all time low on November 28, down a whopping 23% from the same period one year ago. What’s more, active inventory was down 42% from
Home inventory grows almost 4% in May
Home inventory rebounded slightly last month amid torrid growth in the housing market, according to the latest Zillow Market Report. Home values continued to rise last month, breaking new records while the typical time on market has fallen to just six days. At the same time, rents across the U.S. are rising fast after stymied
Agents are using novel methods to plug the inventory gap
The low inventory of homes for sale is making life more difficult for some real estate agents, and in some markets there are twice as many real estate professionals as there are available listings. That means agents are fighting among themselves to get in on the sales action, and some are resorting to desperate measures
Home buyers struggle with record low inventory
Home buyers have few properties than ever to choose from. In December the number of homes listed for sale in the U.S. dipped to its lowest ever level, below 700,000, realtor.com reported in its Monthly Housing Trends Report. At the same time, demand from buyers remains high, and that has resulted in more bidding wars
Majority of Realtors® Continue to Report Sellers Haven’t Lowered Listing Prices to Attract Buyers
More than 3 in 4 Realtors® currently working with sellers this week – 76% – reported their clients haven’t reduced listing prices to attract buyers, according to a new survey from the National Association of Realtors®. That’s up from 74% who said the same a week ago. “Nearly 70% of Americans have secure employment and
U.S. housing inventory falls to 7-year low
The number of home listed for sale in the U.S. has fallen to its lowest point in at least seven years, and the shortage appears poised to get worse before it gets better. Inventory fell 7.5% annually to its lowest level in Zillow data that dates back to 2013, according to the December Zillow Real
Home inventory rises for the first time in 4 years
Many real estate markets have been plagued by a lack of homes for sale for several years, but things are changing with inventories across the nation finally showing an uptick last month. According to Zillow’s October Real Estate Market Report, the amount of homes for sale in the U.S. rose by 3 percent last month,