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Pending home sales surged in December: NAR

Housing Wire

month over month in December, according to the newest data from the National Association of Realtors (NAR). For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. in November.

Contracts 445
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Pending home sales are down 31% from last year

Housing Wire

according to data released Friday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. Persistent inflation has proven quite harmful to the housing market,” Lawrence Yun, NAR’s chief economist, said in a statement. This is the fourth consecutive month of declines.

Contracts 508
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Pending home sales recede in January: NAR

Housing Wire

month over month in January, according to the newest data from the National Association of Realtors (NAR). For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Pending home sales dropped 4.9% NAR’s Pending Home Sales Index (PHSI) decreased to 74.3 in January, down from 77.3 in December.

Contracts 371
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Will Springer Realtor - Untitled Article

Will Springer Realtor

today – may hold the keys (literally and figuratively) to the housing conundrum. Baby Boomers still have a significant impact on various aspects of society, including the housing market, healthcare and the economy. With the settlement, a wave of new listings hit the market in the past several weeks.

HOA 36
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PREDICTIONS, PARKING, POLLUTED PIPES

Will Springer Realtor

I wrote in this newsletter 12 months ago about the bumpy – maybe even bruising – housing market of 2022 across Puget Sound and most of the country. Ready to complete another year, the residential real estate market has not improved – some might say it got a little worse. List: $33.9M ($3291/sq. To a happy 2024! =

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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

There is a strong need for a once-in-a-generation response to address decades of underinvestment in housing. million housing units since 2001. Additional housing, particularly more affordable units, will only help strengthen the health of the public and economy. A surprising 3% used the time to build a new house.