Sentences with phrase «inventory of homes for sale remains»

The inventory of homes for sale remains very tight in many markets across the country, with the May inventory 14.8 % lower than May 2015.

The inventory of homes for sale remains low but we went up a little.

«While sales of existing single - family homes passed 5 million units at annual rates in January, the highest since 2007, the inventory of homes for sales remains quite low with a 3.6 month supply.

Not exact matches

The number of homes for sale continues to remain at record lows with the nationwide inventory of for - sale single - family homes, condos, townhomes, and co-ops is about 19 percent below inventory levels from a year ago, Realtor.com reports in its analysis of July housing data of 146 markets.

The housing market faces challenges, such as the number of home owners still facing negative equity, inventories of for - sale homes remaining constrained, and mortgage credit remaining tight and preventing some buyers from qualifying for a loan.

Jobs are growing and interest rates remain low, but tight inventory in many parts of the country continues to drive home prices up, hurting affordability, especially for first - time buyers, who can't tap home sale proceeds to come up with a down payment.

«Rental rates and home prices are climbing, the rent - to - buy ratio remains stable, the average rate on a 30 - year mortgage is still under 4 percent, and at a 3.8 - month supply, the inventory of homes for sale is still low.

The index in May was up almost 6 percent to 101.1 from 95.5 in April, while inventory of for - sale homes remained level.

«That means the inventory of homes for sale, which is already very low, is likely to remain that way if we see higher interest rates,» Nothaft said.

Builder inventory of new homes for sale is at an all - time low so some replenishment of inventory is necessary if new homes are to remain competitive against the existing housing stock.

And even in those large markets where inventory has risen over the past year, the number of homes for sale remains well below recent highs.

Credit for buyers and builders remains tight so some sales are cancelled because buyers» failure to qualify and the inventory of new homes is very low because builders can not obtain financing to replenish their sales.

While the number of homes for sale should rise with the onset of the spring selling season, housing inventory is expected to remain low, pushing prices higher.

The inventory of new and existing homes for sale remains relatively tight as buyers seek to move up to larger houses or downsize to smaller ones, he said.

The inventory of homes listed for sale has remained well below the 6 - month supply that is needed for a «normal» market.

Additionally, tight credit and low for - sale inventory in many areas make buying a home today difficult for many, even as demand for the luxuries offered by a single - family residence — more space, (even a sense of) more security, a yard and access to good, suburban schools — remains robust.