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inventory

Coronavirus is manipulating the housing inventory crisis in unpredictable ways

6 mins read

The FINANCIAL — A historic inventory crisis is driving up home prices to new highs, but understanding why would-be sellers are sitting on the sideline had been guesswork. Now a new Zillow survey[i] is shedding light on how the pandemic is influencing homeowners who are considering selling in the next three years, and the reasons why they’re staying put.  Life uncertainty, likely caused by COVID-19, is keeping more than a third (34%) of would-be sellers out of the market. Financial anxiety is a big part of that: 31% of homeowners considering selling in the next three years say a current uncertain or precarious financial…

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Coronavirus is manipulating the housing inventory crisis in unpredictable ways

6 mins read

The FINANCIAL — A historic inventory crisis is driving up home prices to new highs, but understanding why would-be sellers are sitting on the sideline had been guesswork. Now a new Zillow survey[i] is shedding light on how the pandemic is influencing homeowners who are considering selling in the next three years, and the reasons why they’re staying put. …

House prices continue to grow due to inventory shortage

4 mins read

The FINANCIAL — Home price momentum continued into early October, with annual median list price growth reaching double digits, according to Zillow’s Weekly Market Report. Although the frenetic pace of newly pending sales seems to be subsiding in a delayed seasonal slowdown, a dire lack of inventory is keeping the market in sellers’ courts. “The consequences…