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You can’t do it alone. Let us assist you in building your team and connecting with other real estate investors. Take full advantage of our structured networking session at our monthly meetings to connect with investors and AZREIA Business Associates who may help you to succeed.

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1841 N. 24th Street Suite 10 Phoenix, AZ 85008

Phone: 480-990-7092

Fax: 480-990-7017

US Home Inventory Hits Record Low

US Home Inventory Hits Record Low

 

Trulia recently released their quarterly Inventory and Price Watch report showing that U.S. housing inventory hit its lowest level on record in Q1 of 2017 with the number of homes on the market dropping for the 8th consecutive month (down 5.1% over the past year).  The report is quarterly analysis of the supply and affordability of starter homes, trade-up homes, and premium homes currently on the market.

Some Takeaways:

  • The number of starter and trade-up homes continues drop, falling 8.7% and 7.9% respectively, during the past year, while inventory of premium homes has fallen by just 1.7%
  • The persistent and disproportional drop in starter and trade-up home inventory is pushing affordability further out of reach of homebuyers.
  • A strong recovery may be partly to blame for the large drop in inventory some markets have experienced over the past five years.

Click here to read the full report on Trulia.com.

March 24th, 2017|Uncategorized|