New Home Mortgage
Real Estate Investing

Low mortgage rates continue to deplete affordable home supply

Sustained low mortgage rates since March of 2019 are now ravishing the supply of starter homes across the United States.

In a familiar pattern, the availability of cheaper mortgages encourages would-be home buyers to make the leap to ownership. There is a run on starter properties that cuts heavily into the supply, despite ongoing demand as rates remain low.

But as CNBC pointed out this week, many starter homes that have been purchased recently, or even owned for a while, are also being rented.

Roughly five million mostly entry-level homes have been turned into single-family rentals, and strong demand for those rentals means investors are unlikely to put the homes up for sale anytime soon.

Diana Olick for CNBC

Nationwide, the supply of homes priced between $200,000 and $750,000 (about 60 percent of the market) finally hit a flat line in September, according to the report. That supply is now expected to decline over the next several months.

Compared to a year ago, the supply of homes priced under $200,000 is down 10%. Meanwhile, only about 10% of newly-built home sales are priced under $200,000, according to Robert Dietz, chief economist for the National Association of Home Builders.

“It’s not just the overall supply of new construction that’s gone down, but the supply of starter homes, so it’s the affordability challenge at the entry level that’s been a particular challenge,” Dietz told CNBC.

If the current trend continues, high demand for affordable and mid-level homes will likely begin to result in price gains.

Photo Credit:

504 Comment

  1. Pingback: viagra pill
  2. Pingback: generic cialis
  3. Pingback: viagra 50mg
  4. Pingback: impotence pills
  5. Pingback: top rated ed pills
  6. Pingback: order cialis
  7. Pingback: canadian pharmacy
  8. Pingback: Buy cialis
  9. Pingback: levitra 20 mg
  10. Pingback: vardenafil 10mg
  11. Pingback: buy cheap viagra
  12. Pingback: casino slots
  13. Pingback: personal loans
  14. Pingback: payday loans
  15. Pingback: personal loan
  16. Pingback: viagra 100mg
  17. Pingback: buy cialis
  18. Pingback: new cialis
  19. Pingback: cialis to buy
  20. Pingback: cialis 5 mg
  21. Pingback: patti
  22. Pingback: cialis 20
  23. Pingback: casino
  24. Pingback: slots online
  25. Pingback: free casino games
  26. Pingback: viagra sildenafil
  27. Pingback: herbal viagra
  28. Pingback: cheap cialis
  29. Pingback: generic viagra
  30. Pingback: Cialis 40mg coupon
  31. Pingback: viagra
  32. Pingback: buy viagra
  33. Pingback: actos 30mg price
  34. Pingback: order arava 20mg
  35. Pingback: strattera 18 mg uk
  36. Pingback: cialis at walmart
  37. Pingback: order avapro 300mg
  38. Pingback: viagra pro reviews
  39. Pingback: benicar 10 mg usa
  40. Pingback: buy cheap viagra
  41. Pingback: catapres prices
  42. Pingback: ceclor canada
  43. Pingback: ceftin tablets
  44. Pingback: celebrex purchase
  45. Pingback: celexa purchase
  46. Pingback: order cipro 750 mg
  47. Pingback: real casino games
  48. Pingback: buy generic drugs
  49. Pingback: online casino usa
  50. Pingback: online casino
  51. Pingback: best casino games
  52. Pingback: carinsurance
  53. Pingback: generic cialis
  54. Pingback: best car insurance
  55. Pingback: buy cialis canada
  56. Pingback: generic cialis buy
  57. Pingback: quick quick loans
  58. Pingback: cash advance
  59. Pingback: buy essay paper
  60. Pingback: buy essays papers
  61. Pingback: the assignments
  62. Pingback: viagra soft 50mg
  63. Pingback: fake essay writer
  64. Pingback: paper writer
  65. Pingback: clozaril coupon
  66. Pingback: Get viagra fast
  67. Pingback: combivent canada
  68. Pingback: generic cialis
  69. Pingback: crestor tablet
  70. Pingback: Free viagra
  71. Pingback: online thesis
  72. Pingback: dapsone caps cheap
  73. Pingback: generic viagra
  74. Pingback: cheap differin 15g
  75. Pingback: diltiazem generic
  76. Pingback: elavil 10mg otc
  77. Pingback: Testing60
  78. Pingback: etodolac for sale
  79. Pingback: Amoxil online
  80. Pingback: imdur 30 mg otc
  81. Pingback: cialis price
  82. Pingback: imitrex canada
  83. Pingback: cost of imodium
  84. Pingback: cialis order
  85. Pingback: how to get viagra
  86. Pingback: viagra connect usa
  87. Pingback: blog
  88. Pingback: viagra generic
  89. Pingback: imuran price
  90. Pingback: indocin coupon
  91. Pingback: lamisil purchase
  92. Pingback: levaquin generic
  93. Pingback: buy generic viagra
  94. Pingback: lopid australia
  95. Pingback: buy lopressor
  96. Pingback: luvox pharmacy
  97. Pingback: cost of meclizine
  98. Pingback: canadadrugs
  99. Pingback: Cardura
  100. Pingback: canadian pharmacy
  101. Pingback: plaquenil for sale
  102. Pingback: order prednisolone
  103. Pingback: prilosec pills
  104. Pingback: procardia purchase
  105. Pingback: viagra for sale
  106. Pingback: proscar otc
  107. Pingback: provigil prices
  108. Pingback: antibiotic list
  109. Pingback: pyridium australia
  110. Pingback: remeron nz
  111. Pingback: benadryl canada
  112. Pingback: rogaine generic
  113. Pingback: seroquel 50mg usa
  114. Pingback: singulair 10mg uk
  115. Pingback: skelaxin 400mg uk
  116. Pingback: thorazine cost
  117. Pingback: cheap zanaflex
  118. Pingback: zestril 10mg otc
  119. Pingback: click site
  120. Pingback: zocor usa
  121. Pingback: zyloprim pills
  122. Pingback: zyprexa tablets
  123. Pingback: zyvox 600mg uk
  124. Pingback: sildenafil cheap
  125. Pingback: tadalafil nz
  126. Pingback: amoxicillin 500 mg
  127. Pingback: buy donepezil 5 mg
  128. Pingback: cheap sildenafil
  129. Pingback: buspirone for sale
  130. Pingback: clonidine tablet
  131. Pingback: cheap cefuroxime
  132. Pingback: cheap citalopram
  133. Pingback: osrs gold uk
  134. Pingback: healthy food
  135. Pingback: buy cialis black
  136. Pingback: cialis
  137. Pingback: buy cialis ebay
  138. Pingback: carvedilol tablets
  139. Pingback: generic viagra
  140. Pingback: rosuvastatin usa
  141. Pingback: divalproex cheap
  142. Pingback: sildenafil 150 mg
  143. Pingback: dark web browser
  144. Pingback: phenytoin usa
  145. Pingback: SGP Result Data
  146. Pingback: oxybutyninmg pills
  147. Pingback: doxycycline coupon
  148. Pingback: best lip balm
  149. Pingback: genericVGR
  150. Pingback: 141genericExare
  151. Pingback: pumrcrwm
  152. Pingback: cialis
  153. Pingback: etodolac tablet
  154. Pingback: generic ed pills
  155. Pingback: xvmuitgw
  156. Pingback: best pill for ed
  157. Pingback: best otc ed pills
  158. Pingback: cheapest ed pills
  159. Pingback: alendronate cheap
  160. Pingback: micro switch types
  161. Pingback: pyrenees spain
  162. Pingback: furosemide
  163. Pingback: strong viagra
  164. Pingback: buy minocin
  165. Pingback: cheap sumatriptan
  166. Pingback: safe buy cialis
  167. Pingback: gel viagra
  168. Pingback: stink bomb prank
  169. Pingback: cpa course fees
  170. Pingback: dark web login
  171. Pingback: animelab

Comments are closed.