With the oldest members of Generation Z finally entering their homebuying years, many of them are facing tough competition from older millennials in a market struggling with a serious shortage of entry-level homes for sale. “Gen Z is entering the housing market under the radar, but at a projected 65 million strong, they are going
Experts warn falling inventories could lead to a return to bidding wars
July 10, 2019 by
Bidding wars and faster home sales could soon become the norm again if the latest forecast on home inventories by realtor.com holds true. The report forecasts that the number of homes for sale in the U.S. is set to decline again in the next few months, limiting the bargaining power of buyers until well into
Softening demand fuels inventory growth, Zillow says
April 29, 2019 by
Despite an increase in the total pool of for-sale inventory, the number of new listings on the housing market has fallen year-over-year in each of the past four months, according to the latest Zillow Real Estate Market Report for March. Overall inventory in the U.S. is 1.2% higher than in March 2018, but new listings
Home inventory rises for the first time in 4 years
November 27, 2018 by
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,
Home construction decline means 6 million homes are “missing” from U.S. markets
August 16, 2018 by
The alarming shortage of housing inventory can be blamed on a downtrend in new home construction that began in the wake of the Great Recession last decade, according to a new Zillow analysis.
Lawrence Yun says a new housing crash is unlikely to happen soon
August 9, 2018 by
Numerous experts in the last few months have warned that real estate is facing the prospect of a major slowdown in home sales, or even a crash, due to rising prices and reduced buyer demand.
Housing inventory shows signs of bouncing back
August 1, 2018 by
The National Association of Realtors says it’s optimistic the dwindling home sales that have plagued the real estate market this year could be about to reverse course in the coming months.
NAR economist Yun calls for new home construction to solve the inventory crisis
June 14, 2018 by
Unemployment rates are at their lowest level since 2000, while the economy is by all accounts running strong. But although these conditions might normally seem ideal for the real estate market
Home sales fall again as low inventory leaves buyers with fewer options
May 30, 2018 by
Existing home sales have failed to gain much traction in the past month, according to a new report from the National Association of Realtors released last week.
New household formation fails to keep up with population growth
April 27, 2018 by
The United States should be adding around one million new households each year if it follows current population trends, but that’s not happening according to a new report by Freddie Mac economists.
