Dallas-Fort Worth housing inventory is increasing, which could be good news for buyers, and three separate cities placed at the top of two different growth charts. We’ll explain in this week’s roundup of real estate news.
DALLAS HOUSING INVENTORY INCREASES IN SEPTEMBER
National housing inventory is starting to flatten, Realtor.com’s September housing report revealed, declining only 0.2 percent from a year ago and showing an 8 percent increase in new listings — the largest yearly jump in five years.
“After years of record-breaking inventory declines, September’s almost flat inventory signals a big change in the real estate market,” said Danielle Hale, chief economist for Realtor.com. “Would-be buyers who had been waiting for a bigger selection of homes for sale may finally see more listings materialize. But don’t expect the level to jump dramatically. Plenty of buyers in the market are scooping up homes as soon as they’re listed, which will keep national increases relatively small for the time being.” (more…)