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- New home inventory is at its highest level since 2022
New home inventory is at its highest level since 2022
Plus: Best budget beach retirement towns
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🎉 It’s Tuesday—welcome to a new month and fresh work week!
Today's newsletter is 598 words — a 2.5-minute read.
1. New home inventory is at its highest level since 2022
According to research from the Bank of America Institute, U.S. housing inventory is on the rise, putting pressure on prices and slowing new construction. As of June, the supply of existing homes reached 4.7 months — the highest level since July 2016. New-home supply climbed even higher, hitting 9.8 months, its highest since 2022, underscoring how quickly inventory is building across the housing market.
2. Zillow, Berkshire Hathaway HomeServices team up
Berkshire Hathaway HomeServices (BHHS) has announced an agreement with Zillow to provide the U.S.-based members of its network with access to Zillow Showcase, Zillow’s AI-powered premium listing experience.
The deal follows an earlier pilot program with HomeServices of America, BHHS’s parent company, and it reflects a broader trend of brokerages aligning with technology providers to expand digital marketing options for agents.
According to the companies, Showcase listings are more likely to go pending within 14 days and sell for 2% more than similar non-Showcase listings on Zillow.
“Our agents have quickly embraced Zillow Showcase, and we expect many more to do the same after our parent company received such strong interest in a similar program. We’re making Showcase available to our domestic network members to ensure they have the best tools at their fingertips to grow their businesses and get results for their clients.”
A MESSAGE FROM DAVE YOUR MORTGAGE GUY
NO INCOME LOAN
The buyer you think can’t qualify… might actually be a perfect fit for a no income loan.
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3. Catch up quick
📈 Homebuilder unsold completed inventory sits at a 16-year high. (ResiClub)
🏰 Historic Neiman Marcus–tied estate hits Dallas market. (CHRON)
💰 How Trump's Big Beautiful Bill tax cuts will impact Texans. (TaxFoundation)
⚖️ Fed Governor Lisa Cook sues Trump over his attempt to fire her. (CNBC)
😱 Homeowner rips up carpet — realizes past owner died on the floor. (Newsweek)
A MESSAGE FROM THE AI REPORT
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4. Pending home sales dipped 0.4% in July
Pending home sales fell 0.4% in July compared to the prior month, according to the latest NAR report. Year over year, sales were up 0.7%.
Regional trends were mixed: the Northeast and Midwest slipped, the South held steady, and the West posted a gain.
Looking at year-over-year numbers, the Northeast and West declined, while the Midwest and South saw increases.
5. Best budget beach retirement towns
A new ranking from FinanceBuzz of the nation’s best budget-friendly beach retirement towns included three Texas spots in the top 10 — with Port Lavaca taking the No. 1 spot overall.
With average rent for a two-bedroom apartment under $1,000 a month, Port Lavaca is a hidden gem that’s also highly affordable.
South Padre Island came in at No. 5, while Port Arthur rounded out Texas’ representation at No. 8, offering a cost of living 14% below the national average.
A MESSAGE FROM PACASO
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