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The New Originations Landscape

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Th e M Rep o RT | 9 Source: "Gone in 60 Days: Where Homes Are Moving Fastest This Spring," Trulia Trends 5. Knoxville, Tennessee While Knoxville, Tennessee may have temperate weather similar to California, the similarities end there—at least in terms of housing inventory. Unlike the top metros in Trulia's list, 67 percent of homes are still on the market after two months in this Southern city. 4. Columbia, souTh Carolina South Carolina's capital, and largest city, has a median asking price of $170,000 and 67 per- cent of homes still on the market after two months, a 1 percent improvement over 2014. 2. long island, new YorK Though Long Island, New York saw an improvement in their in- ventory numbers from 2014, the 69 percent of homes still for sale after two months is still pretty grim. The median asking price in this second slowest moving market is $474,995. 3. sYraCuse, new YorK With 68 percent of homes still on the market after two months, Syracuse garners New York the dubious honor of having metro areas in the top three spots of Trulia's Top 10 Slowest-Moving Housing Markets list. slowesT moving housing marKeTs On average, these slowest moving housing markets saw year-over-year pick up in pace but not enough to save them from the bot- tom of the Trulia's inventory list. 1. albanY, new YorK A far cry from California's sunnier numbers, 71 percent of Albany homes were still on the market after two months—a percent increase from 2014. It seems that Albany's median asking price of $264,900 did not help bring buyers to the table.

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