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

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

by Phil Hall | Oct 5, 2023 | Current News & 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 | Current News & 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 | Current News & Events, Guest Opinion, 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...
Active Listings Fall Below Pre-Pandemic Levels

Active Listings Fall Below Pre-Pandemic Levels

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

Active listings of U.S. residential properties slowed in July for the fourth consecutive month in and fell below pre-pandemic levels for the first time since April 2022, according to new data from Realtor.com. Last month, the active housing inventory was 47.8% below...
Guest Opinion: A Possible Plan to Increase the Housing Stock While Improving Affordability

Guest Opinion: A Possible Plan to Increase the Housing Stock While Improving Affordability

by Barbara G. Johnson | Aug 2, 2023 | Current News & Events, Guest Opinion, Real Estate News, U.S. Housing Market, WRE News Exclusive

The housing supply has fallen to a historic low. Builders have not been able to keep pace with demand, resale stock is in short supply due to many social and economic factors, and the demand for housing from the millennial generation continues, with a younger...
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