Growth in inventory has been falling in recent months on a year-over-year basis, according to data from the NAR.
Bloomberg’s real estate reporter Johnathan J. Miller says this trend is a reason for concern. “The market might again experience the double-digit price increases of a couple of years ago, when there was a shortage of homes for sale,” he writes.
The decline in inventory suggests other issues in the housing industry, such as access to credit still tight.
Advertisement
Related Stories
Affordability
NAHB Announces Plan to Address the Housing Affordability Crisis
The National Association of Home Builders has outlined a 10-step plan that would increase the supply of single-family and multifamily for-sale and for-rent housing
Market Data + Trends
Vacation and Investment Home Market Insights
A recent report finds beach homes to be the most sought-after vacation-home type and that the investment potential of a second home is an important factor in the purchasing decision
Affordability
How Much Income Do First-Time Buyers Need to Afford the Average Home?
The median-priced home is unaffordable in 44 of the 50 largest U.S. metro areas