Housing inventory

It's been a rough year for Manhattan's home sellers, and they're not about to catch a break any time soon.

Local home construction dipped again last month, though the year-to-date pace of building continues to surpass that of 2017 by a healthy margin.

As more sellers lower their asking prices and competition eases, the share of homes sold above their listing keeps declining, according to Redfin.

Homebuyers looking in Seattle and the Eastside have had many more homes to choose from lately and have even seen prices drop significantly from their record-setting spring highs.

The number of Bay Area homes sold in August plunged by 10% year-over-year due to the scarcity of affordable homes.

Rising home prices and the depleted housing inventory led to another drop in pending home sales, according to the National Association of Realtors.

Lenders may start to see more homebuyers enter the market as the number of homes for sale is higher than at any point this year, according to Trulia.

As home prices continue to rise, a record-high 77% of people surveyed think it's currently a strong time to sell a house, according to the National Association of Realtors.

Purchases of new homes rebounded in August from the slowest pace in almost a year, a potential sign of stabilization in the market, according to government data Wednesday.

Cleveland-area house prices rose at a faster pace in July, even as price growth cooled in other major cities and across the nation.