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

The housing inventory declined by 1.5 percent over the past year, contributing to the low vacancy rate while also driving up prices and limiting home sales. More than half of the housing stock in the Springfield HMA was built before 1940, and more than 70 percent was built before 1960, when the area’s population reached its peak.

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RealtyTrac , the nation’s leading source for comprehensive real estate data, today released its Aging Homes Analysis, which shows that more than 70 percent of U.S. single family homes were.

" There is now 20% less inventory than there was five years ago. Here is a chart showing the decrease in inventory levels by category: Bottom Line. Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now may be the perfect time.

“We’re particularly interested in supporting legislation that makes for a more open and competitive marketplace,” Hill said. With U.S. inventory,” Hill said. “A lot of people are having to move.

BUILDER Realtors: Housing Inventory At All-Time Low At the end of the fourth quarter, there were 1.48 million existing homes available for sale, which was 10.3% below the 1.65 million homes for.

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It’s part of the more than 6 million homes missing from the U.S. competition and higher home prices," he said. "Historically, population growth has been met with new construction and new.

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Housing Inventory for 2018. But then it seems like the tables are slowly taking a turn in the housing market that experts are seeing a better outlook for the coming year. In fact, Realtor.com released their 2018 National Housing Forecast report and things seem to look good in terms of housing inventory for 2018. It’s one of their forecasted.

The low supply of inventory continues to push home prices up as they outpace rising incomes. rising home prices combined with higher interest rates caused affordability to decrease in March.

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