by Anthony | Jul 21, 2021 | 2021 Topics, Housing, Inventory, Inventory Shrinkage, NJ Real Estate News
For the very first time since February 2020, new listings are beginning to replenish inventory on a national basis. This is also the case in New Jersey. Up until February 2021, new listings were below prior year metrics. Finally inventory on a national basis has seen...
by Anthony | Jun 24, 2021 | 2021 Topics, Construction, Inventory, Inventory Shrinkage
Guess who owns 12,556 homes in Atlanta? An interesting point: it’s a spin-off from the world’s largest private equity company, BlackRock, also known as Invitation Homes. Why is that important? According to a recent article, in certain Atlanta zip codes,...
by Anthony | Jun 17, 2021 | Inventory, Inventory Shrinkage, Real Estate News, Rentals
Inventory shortages as well as price increases across the board nationwide are having their collateral impact upon rents for single-family homes. Across the nation, rents for single-family homes have jumped anywhere from 3.9% to 6.1%. The CoreLogic report that tracked...
by Anthony | Jun 10, 2021 | 2021 Topics, Construction, COVID19, First-Time Buyers, Housing, Inventory Shrinkage, Real Estate News
In many cases there is a great deal of panic out there, which is the result of a historic inventory shortage in the housing supply. Never before have inventory levels fallen into the levels of one month supply. And in addition, the interest rates are slowly creeping...
by Anthony | Jun 9, 2021 | 2021 Topics, Counsellors Title Agency, Housing, Inventory Shrinkage, NJ Real Estate News, Real Estate News
Percent of Price Received More houses are selling above list price than at any other time since records have been kept on such data. In some cases and in some areas, homes are selling on average in 17 days. Some buyers were so anxious to flee their current urban...
by Anthony | Jun 8, 2021 | 2021 Topics, Existing Home Sales, Inventory, Inventory Shrinkage, Real Estate News
Plummeting Inventory The scarcity of available existing homes for sale has been a matter of concern over the last three-and-a-half years. Ever since the housing crash of 2008, builders are highly wary of building before they have buyers in hand. Too many builders took...
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