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.

Zillow: Home Value Growth Ends 21-Month Slowdown

First the good news: Zillow, Seattle, reported after a nearly two-year slowdown, year-over-year home value growth rose in February. The typical home value in the U.S. is now $247,084, a 3.9% increase from a year ago, according to the February Zillow Real Estate Market Report.

Homes For Sale at 7-Year Low

Zillow, Seattle, said for-sale homes in the U.S. fell to their lowest point in seven years in December, with no signs of improving any time soon.

Zillow: Housing Inventory Falls to New Lows

Zillow Inc., Seattle, said any gains from a modest buildup of inventory earlier this year were more than erased during the 2019 home shopping season.