A recent Black Knight, Inc. report has delved into the extent of the inventory crisis that has continued to plague the housing market. Despite the recent progress in increasing the supply of homes for sale, the report suggested that those developments aren’t good enough to correct the dearth of homes for sale.

U.S.

The rate of year-over-year single-family construction growth in small and large metro urban, suburban and rural regional submarkets slowed in the first quarter of 2022 compared to the same time period as last year, with notable deceleration in large suburban markets. These are the new findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) released Tuesday.

In contrast, the index shows multifamily growth in large population centers has rebounded from negative growth rates and posted sharp gains during the same time period.

The way Americans buy and sell real estate is changing forever as new, innovative solutions are now available nationwide.

iBuyers provide sellers with instant offers. Power Buyers employ “cash offers” and “buy before you sell” bridge solutions for home buyers. Rent-to-own programs create new buyers and expand the marketplace. Presale renovation services help sellers maximize their profits. All these new problem-solvers are finding growing consumer demand and high acceptance.

Berkshire Hathaway HomeServices California Properties and its diversity-driven IMPACT Council were title sponsors of this year’s second annual Homeownership Fair and Taste of AREAA, held May 22, the company has announced.