Total housing inventory registered at the end of June was 1.26 M units, an increase of 9.6% from May and a 2.4% rise from June 2021 (1.23 million). Unsold inventory sits at a 3-month supply at current sales pace, up from 2.6 months in May and 2.5 months in June ’21. A healthy, balanced supply is around 1.52-1.93 million units. (Housingwire)
The inventory of available homes relative to sales pace increased to three months for the first time since August 2020. Total housing inventory rose 9.6% in June from the prior month but is still historically low. (BARRONS)
"It's amazing what people don't know
about mortgages. Another reminder to have your buyers and clients meet with a smart mortgage broker/banker to better understand ALL their financing options." - MARKETWATCH.
Mayer Realty Group has an EXCELLENT referral for a Lender (even if you just have questions) as well as many other great partners to help with any and all home related needs.
