Small housing inventory may push rental demand for years

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It's 10 years after the housing crisis, and economists think the housing. metros keep pushing higher and higher, defying the laws of logical market dynamics.. If that's the case, I think what it might do is cause inventories to rise. equity in their homes, either because they made small down payments or.

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No. 4: More new homes will help. Construction of new homes also boosts for-sale inventory. housing starts rose to a five-year high in 2013, providing fresh evidence of the housing recovery’s persistence, according to David Crowe, chief economist of the National Association of Home Builders, a trade group in Washington, D.C.

Supply of starter homes is declining at 17% year-over-year, nearly twice as fast as all homes, and over 3 times faster than larger homes. As of the last week of July, only 450,000 homes listed.

Moving forward, a popular prediction among analysts is that housing inventory will increase slightly next year, although not enough to anticipate growth. Next year is expected to witness a tidal wave of first-time homebuyers, particularly millennials, entering the 2017 housing market. This influx of homebuyers should only further tighten.

Housing sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

Foreclosures down for third straight month as lenders manage backlog: RealtyTrac HomeBridge sees huge growth opportunity in Detroit’s comeback The flight out of the city already slowed to a trickle the past few years, and local leaders see hopeful signs this once proud city is poised for a comeback. "Detroit’s back, baby," says Dominic Russo, buying and sales director for Rocky Produce, Detroit. "There are many big things going on to rejuvenate the city, and it’s great to see.U.S. foreclosure filings dropped to a five-year low in September as fewer homes were on track to be seized by lenders. It was the second-consecutive monthly decline in filings, although there.

Housing market to be a buyer's market by 2019, Zillow says. – This forecast depends on a meaningful increase in housing inventory levels, which would slow the pace of house price increases. Zillow predicts that the growth rate in house prices will drop to 3%.

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The Housing Vacancies and Homeownership provides current information on the rental and homeowner vacancy rates, and characteristics of units available for occupancy. These data are used extensively by public and private sector organizations to evaluate the need for new housing programs and initiatives.

Arizona loses spot as foreclosure-riddled state Delta Airlines, second in 2018, took the top spot, followed by JetBlue and Southwest airlines. To get this ranking, researchers from Wichita State University and Embry-Riddle Aeronautical University.