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
NAR says America’s housing stock is in a “dire situation”
June 23, 2021 by
The National Association of Realtors has called on U.S. policymakers to do more to address the lack of stock in the nation’s housing market, saying that the situation has become “dire” and that “now is the time to act”. The NAR’s report, Housing Is Critical Infrastructure: Social and Economic Benefits of Building More Housing, highlights
Experts call for relaxed zoning rules to create more housing stock
June 16, 2021 by
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.
Buyers set to struggle as U.S. housing inventory hits record low
February 13, 2020 by
Housing supply in markets across the country is in extremely short supply, so much so that home buyers may well find it difficult to find a suitable property this spring. Indeed, the country’s existing housing supply declined by its steepest year-over-year decrease for 4 years in January, falling by 13.6%, according to realtor.com. The supply
Realtor.com warns of lower housing inventories
August 15, 2019 by
A report from realtor.com suggests that housing shortages are likely to get worse over the next year. The blame is being placed on a “housing shift” that will result in less homes being listed for sale, making it tougher for buyers to find a suitable home, even though the current low mortgage rates mean that
NAHB raises concerns over aging U.S. housing stock
January 30, 2019 by
Housing stock in the U.S. is getting older and construction of new homes is not keeping pace with demand. If things don’t change the nation could be faced with severe housing shortages, while older buildings may fail to keep up with current safety standards. According to an Urban Institute report from April 2018, the supply
First-Time Buyer Rush to Beat UK Stamp Duty Fails to Raise Prices
February 15, 2012 by
First-time buyers in the UK are currently able to purchase property up to the value of £250,000 without paying the standard 1% stamp duty, but this exemption comes to an end on March 24 after which they will become liable for stamp duty on any property costing more than £125,000.
