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Low U.S. Housing Inventory Results in More Competition, Higher Prices, Older Homes

Low U.S. Housing Inventory Results in More Competition, Higher Prices, Older Homes

Rental affordability is as bad as it’s ever been across the U.S., in part because. As a result, the competition for those homes that are available can often be fierce, driving up prices and.

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The housing shortage that fueled competition and resulted in sky-high price gains throughout 2017 and the first half of 2018 is on the horizon yet again. Supply is soon expected to drop and potentially hit a new record low, according to realtor.com, after increasing in the second half of last year.

Other contributing factors include low unemployment rates, favorable demographics and a tight supply of existing home inventory. In addition, new housing starts. 50 indicates that more builders.

 · More: san francisco sales prices hit New Highs. In June, U.S. sellers added approximately 40,000 new listings to the market, a meager increase of only 2.8% compared to last year.

"The 2018 housing market is a double-edged sword for home flippers," said Daren Blomquist, senior vice president at ATTOM Data Solutions. "Rapidly rising home prices boosted by low available inventory.

But I’ve personally seen a lot of competitiveness in the $800,000 to $1.2 million area – and that price point has become more like the homes in. Now that the housing inventory is starting to creep.

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A rebound in contract signings for the purchase of previously owned U.S. homes shows. the economy. Housing remains driven by trade-up purchasers who have taken advantage of low mortgage rates and.

U.S. home sales and prices. housing recovery yet,” he said in an e-mail. “Current signs of improvement could evaporate quickly.” Distressed-home inventory has been drying up as investors purchase.

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