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The government report also showed the construction pace of single-family housing rose 3.4% to an annualized 935,000 rate, marking the first increase in six months. Permits for single-family homes ...
“For 2022, the competition amongst homebuyers in suburban and rural areas will be fierce,” said Chuck Vander Stelt, real estate broker and founder of Quadwalls.com. “Compared to 2021, homes ...
Similarly, housing activity in Indianapolis abated toward the end of 2022. Houses stayed on the market for an average of 22 days in December , compared with an average of just four days in May 2022.
For nearly two years now, the COVID-19 pandemic has made the real estate market a major headache for buyers in many parts of the country. Low inventory, paired with high demand, has caused home ...
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...
Home prices rose by nearly 20% over the last year, an astonishing rate of growth that was faster and more intense than even the run-up to the housing crash of 2008, according to Fortune -- and that...
Housing supply is expected to hit the market later this year, when demand is potentially dropping. “Hence our belief that the rapid price appreciation of housing could quickly flatten out and ...
The impact of the housing slowdown wasn't hard to spot in RH's third-quarter results. Sales tanked 13.6% from a year ago to $869 million, net profits were about cut in half, inventories have risen ...