Here is a summary of housing market reports that came across the MBA NewsLink desk this week:
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Million-Dollar Cities Club Gets 146 New Members
Zillow, Seattle, reported a record 146 U.S. metros became new “million-dollar cities” in 2021, making 481 cities in which the typical home value is at least $1 million.
Zillow: Inventory Plunges 40% from Pre-COVID Levels as Price Growth Intensifies
No rest for weary would-be home buyers: Zillow, Seattle, said anxious buyers outnumbered dwindling new listings and drove inventory to record low levels in December.
Zillow: Home Builders Still Playing Catchup
Zillow, Seattle, said limited supply of for-sale homes is a key reason home prices have risen quickly during the COVID-19 pandemic.
Housing Market Roundup Nov. 22, 2021
Here’s a summary of some of the latest housing and economic reports that have come across the MBA NewsLink desk:
Zillow: Housing Market Moderation Gives Buyers Breathing Room
Zillow, Seattle, said the housing market’s modest calming, which began late in the summer, continued into early fall.
When Baby Boomers, Millennials Compete for Homes, Boomers Usually Win
The two largest population cohorts in the U.S.—Baby Boomers and Millennials—are competing for scarce supply of homes in most markets. And, according to an analysis by Zillow, Seattle, Boomers are winning in most cases.
Inventory Jump Could Give Home Buyers Welcome Relief
Zillow, Seattle, reported housing inventory saw “significant recovery” for the second straight month in June, indicating the market may be on the road to rebalancing after a long stint of being heavily in sellers’ favor.
Housing Market Roundup: May 20, 2021
Here is a summary of recent housing and housing finance reports.
Pandemic Drives ‘The Great Reshuffling’
So many people have moved in the past year—either by choice or by circumstance—that it even has its own name: the “Great Reshuffling.”