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Housing

Buyers facing unseasonably strong competition for homes this winter

By Mike Wheatley | February 7, 2022
New data from realtor.com shows that homes are selling faster now than they were at this time one year ago, as buyers compete for limited inventory in the housing market. Inventories are down 28% from a year ago, while the National Association of Realtors reported last month that existing home sales fell to an all-time […]
Housing

Buyers saw fewer homes before purchasing in 2021

By Mike Wheatley | January 25, 2022
In 2021 the average home buyer viewed a median of eight homes before purchasing one, the lowest number on record. That’s according to new research from the National Association of Realtors vice president of demographics and behavioral insights. She said in 2009 and 2011, the average buyer viewed a median of 12 homes before setting […]
Housing

U.S. housing inventory hits new all-time low

By Mike Wheatley | December 6, 2021
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 Sales

Existing home sales fall in May, boosting housing inventory

By Mike Wheatley | June 25, 2021
Strong buyer demand coupled with limited housing inventories saw sales of existing-homes fall for the four month in a row in May. Existing home sales were down 0.9% compared to the month before, though they will still up 44% on a year over year basis, according to the National Association of Realtors in its latest […]
Housing, Zillow

Home inventory grows almost 4% in May

By Mike Wheatley | June 23, 2021
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 […]
Housing

Experts call for relaxed zoning rules to create more housing stock

By Mike Wheatley | June 16, 2021
A panel of housing industry experts surveyed by Zillow say that a relaxation of zoning rules would be the most effective way of increasing inventory in the housing market. Housing inventory is currently at historic lows, and the same panel of experts believes that under current conditions builders will be unlikely to mitigate the problem. […]
Home Sales, News

More than half of all existing homes sold above asking price in May

By Mike Wheatley | June 1, 2021
Redfin survey finds that 51% of homes sold above their list price in May
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