Housing Inventory Remains Sharply Down, Fueling Months-Long, White-Hot Real Estate Market

Housing inventory in the U.S. remains significantly low, driving a white-hot market in which buyers continue to resort to aggressive buying tactics such as inspection-free transfers and hugely inflated offering prices.

Data from the Federal Reserve show housing inventory began declining last summer before dropping sharply in October. From over 1,550,000 units in May of last year, the Fed says stock has dropped to just above 1,000,000.

Read More

Minnesota’s State and National Dems Want to Cancel Rent and Mortgage Payments

  An executive order from Gov. Tim Walz bans evictions, foreclosures, and lease terminations for the duration of the state’s peacetime emergency, but one Democratic lawmaker wants to take things a step further. State Sen. Jeff Hayden (DFL-Minneapolis) recently called for a “rent and mortgage moratorium” in Minnesota, an idea…

Read More