Inventory keeps contracting as higher rates deter sellers: Redfin

Inventory keeps contracting as higher rates deter sellers: Redfin

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Home prices increased 6.8 percent from a year ago to a national median sale price of $293,000 in July, according to Redfin, the next-generation real estate brokerage. This represented a slight.

For homebuyers, rates of stress rise – More than 90 percent of buyers in a recent Redfin. keep saving and adding to her down payment. "I didn’t want to be pressured into something that wasn’t what I wanted," Theisen said. Higher.

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"In the first half of the year, the housing market was able to keep its head above water, despite high prices and low inventory, because buyer demand was so strong," said Redfin chief.

This inventory formula is calculated by dividing the cost of goods sold by the average inventory for a certain period of time. So if your average inventory the past year was $1,000 and your cost of goods sold was $10,000, your inventory turnover rate would be 10, meaning you sold your inventory 10 times over.

Asset prices and interest rates are negatively correlated when interest rates decline as well as increase. higher interest rates –> lower asset prices. The 30 year mortgage rate is 4.88% now, it will be closer to 5.5-5.75% by next year’s home shopping season if the Fed continues on this path. Look out below!

Mortgage rates continue to fluctuate and inventory is limited in some areas. Buying a home is a stressful and time-consuming process. A recent survey from shows that more than seven in 10 potential home buyers are spending an average of one to three hours a day looking for a home online and on the ground.

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"The Real Cost of Inventory – Why You Can Have Too Much Of A Good Thing" It is a fact that for almost all retailers inventory is the single largest asset on the balance sheet.Yet, despite all the improvements in technology over the past twenty five years, inventory continues to be the least productive asset for most retailers.

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Some who had locked in ultra-low fixed mortgage rates may be reluctant to take on a new loan at a higher. Its inventory was up 6.5 percent in the first quarter. Yet it was still down 61 percent.

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