Tag Archives: Supply shortage

Redfin's latest housing market update showed that the total share of homes on the market is down nearly 18% year-over-year, representing the biggest decline since February 2022. A significant lack of homes for sale caused home prices to rise nearly 5% annually, as mortgage-purchase applications remain at their lowest level in nearly three decades.

The Housing Supply Action Plan, announced by the Biden-Harris Administration, hopes to ease costs by boosting the supply of quality housing in communities across the country.

According to a new report from Redfin, the typical American homeowner in 2021 had spent 13.2 years in their home—down slightly from the peak of 13.5 years in 2020, but ...

The housing market is showing signs of a typical seasonal cooling, but houses are still selling at a blistering pace with most houses selling within two weeks of being listed.

While some recent analysis shows the shortage of available homes for sale may continue for a while, some reports indicate that the problem may begin to subside in 2017.