Morning Minute: Freddie Mac’s take on lower housing inventory

One factor that is shaping the 2014 housing market is the low inventory of available existing homes for sale. In fact, Freddie Mac experts say U.S. housing inventory, when compared to the number of households, is at a 30-year low, HousingWire reports.

What is contributing to low inventory levels? Freddie Mac points to three factors including: underwater homeowners who are reluctant to sell, owners who refinanced and locked in low rates on their current home and slower real-estate owned sales. Read more from HousingWire.

In other headlines:

Jumbo Market Heats Up Among Small Lenders – Daily Real Estate News

Expect a Step Up in Housing Demand – Barron’s

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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