Inventory
Mike Pappas to Lead Panel on How to Generate Inventory at RISMedia’s 2024 Real Estate’s Rocking in the New Year
RISMedia is excited to announce that Mike Pappas, CEO of the Keyes Company, will be heading up an industry-leading panel of real estate experts at the 2024 Real Estate’s Rocking in the New Year, the company’s fourth-annual all-virtual conference to be broadcast live on Jan. 11, 2024. Click here to register! Pappas’s panel, “How to… […]
NAR: Contract Signings Flat, More Inventory ‘Critical’
The spring homebuying season is milder than in recent years, but it’s not being driven by a lack of consumer interest in housing. www.nar.realtor – Research
Realtors® Focus on Inventory and Fair Housing Solutions at Legislative Meetings
During a panel discussion, NAR’s leadership team discussed the top issues in real estate with three NAR policy experts. www.nar.realtor – Fair Housing
Pending Home Sales Rise Less Than Expected as Inventory Remains Ultra Tight; Rates Recover After Bumpy Start; Digital Lending Speeds Things Up
While the degree to which is happened was somewhat disappointing, pending home sales did snap out of a two-month slump in March . The National Association of Realtors’® (NAR’s) Pending Home Sales Index (PHSI) rose 1.9 percent to 111.3 in March and is now up 23.3 percent compared to March 2020. However, NAR points out […]
South Carolina Real Estate in February: Sales Up 13% YoY, Inventory Down 46% YoY
Note: I’m posting data for many local markets around the U.S. The story is the same everywhere … inventory is at record lows. From the South Carolina Realtors for the entire state: Closed sales in February 2021 were 7,127, up 13.4% from 6,284 in February 2020. Active Listings in February 2021 were 14,253, down 46.3% […]
Existing Sales Rise, But Inventory is a Drag; Rates Surging, How Bad Could it Get?
There’s no precedent for the winning streak enjoyed by mortgage rates in the 2nd half of 2020. We’ve never seen so many new record lows in the same year, and we never spent as much time at those lows (not even close). All of the above makes it easy to get lulled into a false […]