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

Then Build More Housing, Says Legislative Analyst's Office. the high cost of housing in California is driving the state's low- and. “most new construction is targeted at higher-income households.” In fact. to the supply of affordable housing by stemming rent growth in older.. Follow Us: Facebook · Twitter.

Five Housing Trends for 2018. Inventory begins to increase – Beginning in August 2017, the U.S. housing market started to see a higher tha n normal month-over-month increase in the number of homes on the market. Based on this trend, realtor.com projects U.S. year-over-year inventory growth to tick up into positive territory by fall 2018, for the first time since 2015.

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Housing. and high population growth. Now it’s left with a large inventory of fine, old houses that are weighing on home prices. In addition, several local non-profits are working to save area.

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The following graph demonstrates the downward trend in the overall U.S. month’s supply of homes which is currently at about 4.4 months: So what does this mean for buyers and sellers? It means as long as inventory levels remain low, competition amongst buyers will remain high, and home prices should continue to steadily rise – albeit at a healthy rate – not like what we saw during the housing.

"However, given the low inventory of homes available for sale in today’s market, this challenge of aging U.S. housing supply can also be an opportunity for buyers looking for a bargain and.

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That means “we’re now looking at a period in which prices move more. from low numbers, so the housing crunch is still a serious problem. “Inventory has increased quite a bit,” Godwin, the Seattle.

Realtor.com’s model-based forecast uses data on the housing market and overall economy to estimate. 2017) and annual median price increase (2018 median existing-home sales price vs. 2017)..