by Anthony | Jan 11, 2021 | 2021 Topics, Inventory Shrinkage, Real Estate News
For the first time in recent memory the supply of homes for sale has fallen below 1 million. National Association of Realtors recorded December monthly homes for sale fell by 39.6% year-over-year to 700,000 for the first time. Despite drop in inventory, the inventory...
by Anthony | Dec 18, 2020 | 2020 Trends, Construction, Inventory Shrinkage
The surge in residential real estate, especially in suburban and rural markets, has given home flippers a big boost to their bottom lines. Inventory shortages are not only benefiting sellers in this market but those individuals who were able to purchase distressed...
by Anthony | Dec 14, 2020 | Home Equity, Housing, Inventory Shrinkage, NJ Real Estate News, Real Estate News
The most recent home equity report coming from CoreLogic indicates that for the third quarter 2020, U.S. homeowners increased in homeowner equity by $1 trillion. This is the highest amount ever recorded. Approximately 63% of all properties found equity to increase by...
by Anthony | Dec 9, 2020 | COVID19, Existing Home Sales, Housing, Inventory Shrinkage, Mortgages, Real Estate News, Work from Home
Housing projections for 2021 don’t appear to be jumping off any catastrophic cliffs. According to a report issued by Redfin, there is not going to be a dramatic change in the real estate market, as long as inventory remains low, mortgage rates remain even lower,...
by Anthony | Nov 16, 2020 | Existing Home Sales, Housing, Inventory Shrinkage, NJ Real Estate News, Real Estate News
The National Association of Realtors released its third-quarter results for sales of existing homes. They reported that in 65% of the 181 metro areas, prices experienced a double-digit increase year-over-year. Many of the largest gainers in the third quarter were...
by Anthony | Oct 23, 2020 | Inventory, Inventory Shrinkage, Real Estate News
While Low Mortgage Rates Drive Home Prices to Record Levels Everyone knows that the residential real estate market is hot; but not all buyers are happy about it. First-time buyers have less inventory to choose from than at any other time in recent memory. The...
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