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Gap Widens Between Demand and Inventory

first_imgSign up for DS News Daily While the COVID-19 pandemic gripped the nation and brought everyday life to a near halt, the housing market remained as robust as ever this past year, with home prices rising 14.3%, new listings coming in at 27% lower, with 50% fewer homes on the market, while homes are selling nearly a week faster than last year.Realtor.com’s Housing Market Recovery Index, a measure of the pandemic’s impact on the housing market through an analysis of new listings, buyer demand, time spent on the market and home prices, stood at 101.6 for the week ending March 6, 0.5 points higher than the previous week, and 1.6 points above pre-pandemic levels.After stalling at the onset of the pandemic, listing prices posted double-digit price growth for the past 30 weeks. The gap between supply and demand was notable before the pandemic. However, one calendar year after the World Health Organization (WHO) declared the coronavirus a global pandemic, stay-in-place orders forced many out into the suburbs, seeking homes with greater square footage and areas to accommodate remote work situations. These events only worsened the market’s existing supply to demand imbalance.”The housing market’s lopsided momentum could ease in the coming months,” said realtor.com Chief Economist Danielle Hale. “We expect the vaccine’s rollout to alleviate some sellers’ anxieties, which could help the supply crunch. At the same time, although interest rates remain low, they’ve begun to increase, which could test buyer demand in the coming months.”New listings were 27% lower than they were during the week that ended March 7, 2020. Following an uptick at the end of 2020, the first few months of 2021 have been marked by large and consistent declines in new listings. New listings traditionally increase in March and April, and the expectation is they will grow again this year, especially compared to last year when the disruptions to seller activity were largest. The lack of listings in January and February 2021, due to severe winter storms across the nation, created a gap of approximately 200,000 homes in new listings, making it necessary for new listings to come on to the market for healthy sales activity this spring.Total active inventory continues to decline, dropping 51% year-over-year in the week ended March 6. With buyers active in the market despite, or perhaps because of, the uptick in mortgage rates, homes are selling quickly—six days faster on average than a year earlier—and the total number actively available for sale at any point in time continues to decline.Bottom line, buyers need to act fast or simply be shut out. And for those who do act fast, they must be prepared to engage in bidding wars as this short supply of homes is at a premium. Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Journal, News  Print This Post Subscribe Gap Widens Between Demand and Inventory Demand Propels Home Prices Upward 2 days ago March 12, 2021 1,028 Views Previous: Most Valuable Company Profile: Mortgage Contracting Services, LLC Next: Forbearance Activity Rate Dips Under 5% About Author: Eric C. Peck The Best Markets For Residential Property Investors 2 days ago Related Articles Tagged with: bidding wars Danielle Hale Inventory pandemic Realtor.com Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago bidding wars Danielle Hale Inventory pandemic Realtor.com 2021-03-12 Eric C. Peck The Week Ahead: Nearing the Forbearance Exit 2 days ago Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. Home / Daily Dose / Gap Widens Between Demand and Inventory Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Prep Sports Roundup: 5/3

first_img Written by May 3, 2018 /Sports News – Local Prep Sports Roundup: 5/3 FacebookTwitterLinkedInEmailBoys Soccer3-A PlayoffsMANTI, Utah-Gage Decker and Matt Carr each scored as the Maeser Lions doubled up Manti 2-1 Thursday in the first round of the 3-A state playoffs. Christian Gordon scored in defeat for the Templars. Maeser next faces Judge Saturday at 1:00 pm in the 3-A state quarterfinals.PRICE, Utah-Giovanni Pavoni amassed a hat trick and the Carbon Dinos blanked Richfield 6-0 in the first round of the 3-A state playoffs Thursday. Jack Jeppson posted the shutout for Carbon. The Dinos next face Morgan Saturday at 1:00 pm in the 3-A state quarterfinals.DELTA, Utah-Brayden Gonder posted a hat trick and the Delta Rabbits blanked South Sevier 8-0 Thursday in the first round of the 3-A state playoffs. Jayce Allen, Sam Clark, Tanner Gonder, Tate Smith, and Trevor Burton also scored in the rout for the Rabbits. Tristan Anderson secured the shutout for Delta. The Rabbits next host South Summit Saturday at 1:00 pm in the 3-A state quarterfinals.MT. PLEASANT, Utah-Cole Georgi and Thomas Kirkham each scored as the South Summit Wildcats doubled up North Sanpete 2-1 in the first round of the 3-A state playoffs Thursday. Louis Rodriguez scored in the loss for the Hawks.SoftballRegion 14PRICE, Utah-Taelyn Ballow took the win in the circle and the Juab Wasps gashed Carbon 7-2 in Region 14 softball action Thursday. The Wasps secured the Region 14 title with the victory.Non-RegionTAYLORSVILLE, Utah-Mackenzie Richins went yard and doubled as the Class 6-A Taylorsville Warriors downed Manti 9-3 in non-region softball action Thursdsay.ENTERPRISE, Utah-Allie Laub belted a pair of home runs and earned the win in the circle as the Enterprise Wolves pounded South Sevier 13-3 Thursday in non-region softball action.Baseball2-A NorthGUNNISON, Utah-Chance Helms homered, while Bowen Jensen doubled and earned a no-hitter on the mound as the Gunnison Bulldogs pulverized Layton Christian 28-0 in the first game of a 2-A North baseball doubleheader Thursday. Hyrum Leatherwood tripled and Stockton Hansen doubled twice for Gunnison, while Parker Stewart also doubled in the rout for the Bulldogs.GUNNISON, Utah-Ty Hill went yard and the Gunnison Bulldogs completed a decisive 2-A North baseball doubleheader sweep of Layton Christian with a 19-1 victory Thursday. Stockton Hansen tripled and doubled and Braxton Sylvester added a double for the Bulldogs in the win. Tags: Carbon/Delta/Gunnison/Juab/North Sanpete Brad Jameslast_img read more

Teenage pair jailed after carjacking letting agent

first_imgTwo teenage car jackers have been jailed for a total of four-and-a-half years between them after subjecting a female letting agent in Bradford to a terrifying ordeal that has left her unable to conduct property viewings.The attack took place as the woman arrived at a property in the Low Moore area of the city to meet a tenant.When three youths approached her car to ask a question she then wound down the window and one of the teenagers – who was only 16 years old at the time – grabbed her car keys.After a tussle the woman was ordered to get out of the car and asked if it had a tracker by the youths, two of whom were wearing balaclavas.Although the Audi was never recovered, two of the teenagers were arrested the next day.Social media braggingVideo clips were found on their mobile phones of the pair driving the car, footage of which had been uploaded to a social media site. The clips included the duo boasting about their criminal exploits.During the subsequent trial, Bradford Crown Court was told how the clips were subsequently used to connect the accused with the stolen car.The letting agent told the court during her impact statement that she was now both too scared to buy another car or show prospective tenants around properties.Local media reported that one of the teenagers had been released on bail after being arrested and then gone on to commit a string of other crimes including house burglaries, handling a stolen vehicle and fraud.carjacking audi Bradford November 25, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Teenage pair jailed after carjacking letting agent previous nextAgencies & PeopleTeenage pair jailed after carjacking letting agentCriminal pair who were aged 16 at time of attack have been given combined sentences of four-and-a-years after bragging on social media about their criminal exploits.Nigel Lewis25th November 20190880 Viewslast_img read more

Jutarnji list Grand Conference: The System of Tourist Boards in the 21st Century

first_imgOrganized by Jutarnji list, a conference “The system of tourist boards in the 13st century” will be held on November 21 at the Esplanade Hotel in Zagreb, where two exceptional topics will be discussed: the new Law on Tourist Boards i changes made by the new Law.The conference will bring together leading Croatian and foreign experts in tourism, as well as participants from economic and political institutions. Representatives of tourist boards from Croatian regions will talk about how they intend to implement innovations in the restructuring of tourist boards and the new role intended for them.”Our goal with this conference is to stimulate a public debate on the new Law on Tourist Boards, where the leading people of Croatian tourism will present the changes they are proposing. Tourist boards will be in charge of product development, as well as creating new motives for the arrival of guests. On this occasion, the conference will present all the changes brought by the new law, will talk about the experiences of other destinations and countries that have introduced such changes. ” stand out from Jutarnji list as the organizers of the conference. What should they look like, what should they do and are there too many of them – these are the questions they will try to answer at the conferenceIt is planned that the introductory presentation entitled “Horwath HTL: DMO – trends and benchmark – what works best” as an introduction to the discussion will be held Siniša Topalović, ISHC Director Horwath HTL.A panel discussion follows “What national tourist boards should do”, and the participants are an expert in public relations, international relations and destination branding, Božo Skoko, Director of the Institute of Tourism, Damir Krešić, ISHC Director Horwath HTL, Siniša Topalović, director of product development department in Jadranka hotels, Đurđica Šimičić and panel moderator, Jutarnji list journalist Barbara Ban.After a short break, another panel discussion follows “New time – new system”, and the participants are Vladimir Bakic, director of the Dubrovnik-Neretva County Tourist Board, Luka Kolovrat, director of TZ Imota, Irena Persic Zivadinov, director of the Kvarner Tourist Board, Ivana Jurić, Director of the Osijek-Baranja County Tourist Board, Ivan Radošević, director of the Lika-Senj County Tourist Board and panel moderator prof. dr. sc. Dragan Magas, full professor at the Faculty of Management in Tourism and Hospitality.last_img read more