EXCERPT: “December saw the largest year-over-year decline of housing inventory in almost three years with a dramatic 12 percent decline, pushing the number of homes for sale in the U.S. to the lowest level since January 2018 according to the December 2019 Housing Trends report released today by realtor.com. Based on realtor.com’s analysis, the inventory decline is accelerating across all price levels, including the luxury market. In December, inventory of homes priced under $200,000 declined by 18.1 percent year-over-year, higher than the 16.5 percent drop in November. Mid-tier housing priced between $200,000 and $750,000 also declined at an accelerated pace, up 10.2 percent year-over-year compared to November’s decline of 7.4 percent. Listings of homes priced over $1 million shrunk by 4.4 percent year-over-year, up from from nearly 2 percent in November . . . On a local level, the tech havens of San JoseSunnyvaleSanta Clara, Calif.SeattleTacomaBellevue, Wash; and San FranciscoOaklandHayward, Calif. all saw inventory declines of more than 30 percent in December as well as listing price growth above the national median. Only three of the 50 largest U.S. metros saw inventory increase over the year: San AntonioNew Braunfels, Texas (+8.8 percent); Minneapolis-St. PaulBloomington, Minn.-Wis. (+7.4 percent); and Las VegasHenderson-Paradise, Nev. (+4.8 percent), which all had year-over-year declines in their median listing prices.” FULL STORY: https://prn.to/3014dIc