Tag: Market Conditions

Low Inventory Drives Days On Market DownTotal housing inventory inched up 0.9% last month to 2.30 million existing homes available for sale, and is 0.4% higher than a year ago. Unsold inventory is at a 5.0-month supply at the current sales pace, down from 5.1-months in May. Low Inventory Drives Days On Market DownThe percent share of first-time buyers fell to 30% from 32 percent, but remained at or above 30% for the fourth consecutive month. A year ago, first-time buyers represented 28% of all buyers. » [read more]

 

What To Expect For The Second Half Of 2015The housing outlook for the second half of the year is all about affordability - for buying and for renting. How bad will it get, and how much will it hurt the recovery in home sales? Home prices are still rising, but at a slower pace than this time last year. That cannot be said of mortgage rates, which are now on a straight trajectory up.What To Expect For The Second Half Of 2015The short supply of homes for sale shows little sign of improving, which is keeping prices high. At some point, however, higher mortgage rates will hit affordability and could trump that short supply in taking the heat out of home prices. » [read more]

 

Stan Humphries Of Zillow On The Housing MarketAfter four months with rising home values and increasingly positive forecast data, it seems clear that the country has hit a bottom in home values. The housing recovery is holding together despite lower-than-expected job growth, indicating that it has some organic strength of its own » [read more]