U.S. real estate listings rise at record pace as market cools

The recent real estate roller coaster is finally heading in a beneficial direction for buyers. After report on report On the nationa...



The recent real estate roller coaster is finally heading in a beneficial direction for buyers.

After report on report On the national housing shortage, the tide has finally turned: According to data from last month, active listing inventory across America has grown more than 30% since 2021 — a record growth rate.

This is according to Realtor.com July Housing Market Reportwhich further found that July marked the third consecutive month of unprecedented inventory growth rates.

“Nationally, the inventory of homes actively for sale on a typical day in July has increased 30.7% over the past year, the largest increase in inventory in history. data and higher than last month’s growth rate of 18.7%, which was itself a record.”, notes the July report. In terms of the number of listings, this means that potential buyers saw 176,000 homes more when researched last month than they would have had in 2021.

The increase in the number of available homes – the first of its kind since September 2019 – is a sign that the housing market “continues to move towards more balance”, with buyers now having more options available to them, analyzes The report.

“With increased inventory, buyers will have more bargaining power,” Realtor Chief Economist Danielle Hale told Bloomberg, adding that the benefits of the pandemic are now a thing of the past for owners. “The two years of a strong market tilt in favor of sellers appear to be in the rearview mirror.”

The record trend and breath of relief for buyers, however, coincides with median asking prices that remain breathtaking: In June, the nationwide median list price was $449,000, a 17% increase from 2021 and closest to the highest ever reached. , reported Bloomberg.

Rising mortgage rates have also had a significant impact and chilling effect on the market recently.

Source Link

COMMENTS

BLOGGER: 1
  1. One of our fundamental goals is to make sure that our clients can easily obtain the information they require and can get answers to any queries they could have in this age of information and communications technology realtor houston tx

    ReplyDelete

Name

Africa,973,Americas,4395,Art & Culture,16280,Arts,6830,Arts & Design,1939,Asia,3622,Automobile,586,Baseball,857,Basketball,701,Books,4252,Business,5737,Celebrity,2631,Cricket,648,Crime,158,Cryptocurrency,2264,Dance,735,Defense,836,Diplomatic Relations,2496,Economy,1419,Editorial,260,Education,1532,Elections,308,Energy & Environment,3213,Entertainment,23743,Environment,4004,Europe,4589,Faith & Religion,234,Family & Life,817,Fashion & Style,3703,Finance,22154,Food & Drink,4180,Football,1326,Games,97,Gossip,10283,Health & Fitness,4530,Health Care,979,Hockey,288,Home & Garden,917,Humour,994,Latin America,49,Lifestyle,18703,Media,527,Middle East,1777,Movies,2068,Music,3008,Opinion,4227,Other,13373,Other Sports,5515,Political News,11322,Political Protests,2324,Politics,18946,Real Estate,2375,Relationship,106,Retail,3115,Science,3000,Science & Tech,11299,Soccer,395,Space & Cosmos,467,Sponsored,4,Sports,13726,Technology,3828,Tennis,751,Theater,1994,Transportation,313,Travel,2880,TV,4034,US,1644,US Sports,1481,Video News,3531,War & Conflict,1069,Weird News,996,World,18367,
ltr
item
Newsrust - US Top News: U.S. real estate listings rise at record pace as market cools
U.S. real estate listings rise at record pace as market cools
https://nypost.com/wp-content/uploads/sites/2/2022/08/for-sale-70.jpg?quality=75&strip=all&w=1024%20
Newsrust - US Top News
https://www.newsrust.com/2022/08/us-real-estate-listings-rise-at-record.html
https://www.newsrust.com/
https://www.newsrust.com/
https://www.newsrust.com/2022/08/us-real-estate-listings-rise-at-record.html
true
732247599994189300
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content