How the Inventory Shortage is Making Future Homes Taller and Smaller After avoiding a home price crash, the housing market is stabilizing. But buyers today still face a gauntlet of challenges, starting with the fact that affordable housing is still very much in short supply. The decline in housing supply—especially for those at lower price […]
Home Turnover at its Lowest
Few and Far Between: Home Turnover for 2023 is at its Lowest in Over a Decade A new report from Redfin shows only about 14 of every 1,000 homes in the U.S. have changed ownership during the first half of 2023 as more people have decided to hold onto their homes and wait out high mortgage rates. […]
Home Prices Surge
Home Sales Drop While Prices Surge Near Record High Home Prices Surge Existing-home sales slowed again last month, but aspiring home buyers continue to face competition for limited inventory. Read more from NAR’s latest housing report. The median sale price for an existing home in June was $410,200, the second-highest recorded in the last 24 […]
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