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Housing Inventory

Pittsburgh, Cleveland top global metro affordability list

Affordable housing, Cleveland, Existing home sales, Home Price Appreciation, Home Sales, Housing Inventory, Housing Market, HWmember, Ohio, Pennsylvania, Pittsburgh, Real Estate /

Pittsburgh and Cleveland rank as the world’s most affordable major housing markets, but a new report finds that not a single metro area among 95 studied actually qualifies as affordable. The annual Demographia International Housing Affordability report — released by Chapman University — measured affordability by dividing median home prices by median household incomes. Pittsburgh […]

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Home purchase cancellations hit 8-year high

Florida, Home Sales, Housing Inventory, HWmember, Pending Home Sales, Real Estate, Redfin, Texas /

Nearly 58,000 U.S. home-purchase agreements were canceled in July, equal to 15.3% of homes that went under contract during the month, according to a Redfin analysis of MLS data. That marks the highest July cancellation rate since the company began tracking the metric in 2017 — and up from 14.5% a year ago. Analysts point

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Homebuyers in the US canceled contracts at record rate for July

Housing Inventory, Housing markets /

Home-purchase contracts in the US were canceled at a record rate for July as jittery buyers got cold feet.  About 58,000 agreements fell through last month, equivalent to 15.3% of homes that went under contract, according to Redfin. It was the highest cancellation rate for a July in data going back to 2017, the brokerage

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ADUs could remedy America’s housing crisis, but obstacles remain

accessory dwelling units, Appraisals, Bill Dallas, Government Lending, Housing Inventory, Housing Market, HWmember, Mortgage /

Industry veteran Bill Dallas, chairman of Dallas Capital and former president of Finance of America, says accessory dwelling units (ADUs) still face major hurdles before they can become a reliable solution to what he calls the nation’s “largest social challenge:” affordable housing. “One of the challenges… is that the laws are so difficult and varied

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Existing home sales surprise with positive growth in July

Existing home sales, Home Sales, Housing Inventory, Housing Market, HWmember, National Association of Realtors, Real Estate /

Existing home sales in July exceeded monthly estimates and demonstrated year-over-year growth. However, it’s important to remember that we started from a low baseline for sales in 2024, so this year-over-year growth needs to be viewed in context. For those who have been following our weekly tracker, we’ve noted that year-over-year data should turn positive

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Michigan cities, lawmakers seek $800M for housing incentives

Affordability, Construction, First-Time Homebuyers, homebuilder, Homebuilder Confidence, Homebuilders, Homebuyers, Housing Inventory, Housing Market, HWmember, Michigan, Real Estate /

Michigan cities and a bipartisan group of state lawmakers are backing a $160 million annual budget proposal aimed at increasing housing construction and rehabilitation through local zoning changes and financial incentives. Officials say it could spur 10,000 new homes over five years — or about 2,000 a year — at a total cost of $800

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Housing starts rise to five-month high, led by multifamily

Homebuilders, Housing Inventory, Housing markets /

Housing starts in the US climbed in July to five-month high, led by the strongest pace of multifamily construction in more than two years. New residential construction increased 5.2% last month to an annualized rate of 1.43 million homes, according to government figures released Tuesday. That was above all forecasts in a Bloomberg survey of

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Home Depot sales gain as shoppers opt for smaller projects

Homebuilders, Housing Inventory /

Home Depot Inc. sales returned to growth in the second quarter as shoppers invested in smaller projects, such as lighting and gardening. The world’s largest home-improvement retailer said comparable sales grew 1% in the quarter, modestly below what analysts had estimated but an improvement from a 3.3% slump a year ago. “These may be shallow

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How big is the wildfire risk in the Western housing market?

Housing Inventory, Housing markets, REALTORS & HOMEBUILDERS, Servicing, Wildfires /

Lenders, homeowners and servicers are facing a massive wildfire risk in the Western U.S. that extends beyond the initial burn. Insurance woes, inflationary pressures and contractor shortages are weighing on affected mortgage holders, according to Cotality’s 2025 Wildfire Risk Report. The assessment found nearly 2.6 million homes at moderate or greater risk of wildfire damage

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Greystone’s $103M affordable housing fund to support rental units in six states

Affordable housing, Greystone, Homebuilders, Housing Inventory, Housing Market, HWmember, Institutional investors, Investor, NAHB /

New York-based Greystone Real Estate Capital has closed its first affordable housing fund, raising $103 million to finance nearly 1,000 rental units across six states. The fund — called Greystone Affordable Housing Fund I LP — will support a total of 11 developments in Louisiana, Massachusetts, Mississippi, New Jersey, Ohio and Pennsylvania. In total, the

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