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Housing Inventory: “Severe, Accelerating, Chronic Shortages in Every Market, in Every Price Range”

Jeannette Thompson

Published 2 months ago

The authors cite 7 key reasons for the trend in the above PDF:

1. Increased informational efficiency - It's easier than ever to shop for and find homes.

2. Accommodating fiscal policy- Rates spent longer than ever at lower-than-ever levels. Owners who refi'd at these rates have

little incentive to give up their mortgages.

3. Remote Work - Everyone moved to the suburbs!

4. Institutional Investors- Housing has been a fashionable investment on Wall St and these institutional investors account for

a significant amount of demand--especially in the lower price tiers.

5. Restrictive Zoning - Certain metros have rules that prevent higher density housing, thus increasing demand for single family homes.

6. Supply Chain - Land, labor, and material shortages only hurt housing availability further.

7. Rooted Sellers- See number 2 above, but also consider that a starved inventory situation only creates an additional reason

for sellers to stay put.

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What Is The Housing Market Doing Today? What Do You Need To Know About The Current Recession?

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National Rate Averages

Conf. 30Y Fixed

5.42%
0.023

FHA 30Y Fixed

5.333%
0.005

Jumbo 30Y Fixed

5.163%
-0.169

Rate averages are calculated from actual locked rates. Learn more.

Additonal Resources

What Does the Rest of the Year Hold for Home Prices?

Published 4 days ago

Is the Shifting Market a Challenge or an Opportunity for Homebuyers?

Published 4 days ago

3 Graphs To Show This Isn’t a Housing Bubble

Published 1 week ago

Want To Buy a Home? Now May Be the Time.

Published 2 weeks ago

A Window of Opportunity for Homebuyers

Published 2 weeks ago

What’s Causing Ongoing Home Price Appreciation?

Published 2 weeks ago

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