Home buyers are left with fewer options on the market than they’ve seen in decades due to the inventory squeeze.
Redfin survey highlights low inventory as seller’s biggest stress
For many people trying to sell their homes this year, the stress doesn’t come from the sale, but rather from trying to find a new property to move into
Experts say ‘housing drought’ is the worst since records begun
The number of homes currently listed for sale in the U.S. is currently at its lowest level since records began, says the National Association of Realtors.
Low inventory holds back home sales this summer
Realtor.com chief economist Jonathan Smoke says homes are selling at the fastest pace since 2007, but could sell even faster if there were greater inventory available in some markets.
Wells Fargo, JPMorgan Chase, reveal new 3% down payment mortgage programs
Some banks are moving away from Federal Housing Administration mortgages and instead coming up with their own low down payment home loans targeted at those who’re struggling to meet the standard criteria.