National Housing Inventory Crisis Reaches Inflection Point
News Corporation - Class A (NWSA)
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Source: PR Newswire
SANTA CLARA, Calif., Oct. 3, 2018 /PRNewswire/ -- Realtor.com®, the Home of Home SearchTM, today released its September housing report which shows national inventory has started to flatten, signaling a crucial inflection point for the inventory crisis. According to the report, inventory declined a mere 0.2 percent from a year ago and is poised for positive growth ahead, boosted by an 8 percent increase in new listings -- the largest yearly jump since 2013."After years of record-breaking inventory declines, September's almost flat inventory signals a big change in the real estate market," said Danielle Hale, chief economist for realtor.com®. "Would-be buyers who had been waiting for a bigger selection of homes for sale may finally see more listings materialize. But don't expect the level to jump dramatically. Plenty of buyers in the market are scooping up homes as soon as they're listed, which will keep national increases relatively small for the time being."In September, the U.S. medi
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