The number houses for sale in the United States reached a record low in December, realtor.com reported Thursday in its Monthly Housing Trends Report. There were fewer than 700,000 homes for sale in the US for the first time in the report’s history. The report found: The number of homes for sale was down 39.6 percent – which amounts to 449,000 fewer homes for sale than last December.The median listing price grew 13.4 percent over last year to $340,000.Homes sold in 66 days on average in December, which is 13 days faster than last year. “The shortage of homes for sale has been an ongoing issue for the last couple of years, but in December the combination of the holiday…
The parent company of realtor.com announced Tuesday it is going to take a bigger role in the rental market with the acquisition of Avail, a company that helps landlords across the country manage their rental properties. Avail supports landlords by assisting them to create and market rental listings, screen applicants, process payments, track maintenance requests and more. It also helps renters complete rental applications, sign leases, pay rent and submit maintenance requests. “This acquisition is a key part of our strategy to make finding a home easier and more rewarding,” said David Doctorow, CEO of realtor.com. “We believe that Avail is uniquely positioned to meet the needs of the DIY landlords and tenants in a large, growing and underserved market.…
