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New York State Ends 2023 with Record-Low Home Inventory

New York State Ends 2023 with Record-Low Home Inventory

by Phil Hall | Jan 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New York State’s housing market came to the end of 2023 with the lowest-ever recorded inventory of homes. The New York State Association of Realtors (NYSAR) reported an all-time low of 24,469 units in December, a 17.8% decline in the 29,768 homes available in December...
Are Housing Inventory Levels on the Rise?

Are Housing Inventory Levels on the Rise?

by Phil Hall | Jan 9, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly half of the nation’s 50 largest metro areas record year-over-year increases with their housing inventory levels last month, according to new data from Realtor.com. During December, there was a 9.1% uptick in the number of more newly listed homes compared one...
Home Prices Up (Again) While Inventory Shrinks (Again)

Home Prices Up (Again) While Inventory Shrinks (Again)

by Phil Hall | Oct 5, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home prices rose on an annual basis for the second consecutive month in September while the housing inventory shrank year-over-year for a third consecutive month, according to new data from Realtor.com. September’s median list price of $430,000 was down slightly from...
Nearly 5.5 Million Homes Are Vacant Across the Largest Metro Areas

Nearly 5.5 Million Homes Are Vacant Across the Largest Metro Areas

by Phil Hall | Oct 4, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

While housing inventory remains close to historic lows, nearly 5.5 million homes across the nation’s largest metro areas remain vacant, according to new data published by LendingTree (NASDAQ:TREE). The average vacancy rate across the 50 largest U.S. metros is 7.22%....
Guest Opinion: Putting a New Effort into Expanding the Housing Supply

Guest Opinion: Putting a New Effort into Expanding the Housing Supply

by Jenny Schuetz | Sep 27, 2023 | Guest Opinion, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The past decade has seen increasingly tight housing markets due to strong demand and limited supply. Since the Great Recession, the U.S. has not built enough housing to keep pace with demand created by job and population growth, leading to historically low vacancy...
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