Housing Wire

DECEMBER 28, 2021

By the fall, real estate agents in Boise, Idaho were passing around a video they didn’t like but couldn’t resist watching. real estate in 2022 may see challenges to its biggest enterprises, including the National Association of Realtors and Zillow , and shifting adjustments to how work is done amid the coronavirus pandemic.

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Housing Wire

DECEMBER 8, 2020

Seattle is currently a hot market – in October, there was less than a month’s worth of inventory and pending home sales outpaced supply. Redfin said its real estate agents have helped clients in Seattle and the Bay Area buy and sell homes since 2006, with a listing fee as low as 1%. .

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Housing Wire

MARCH 18, 2021

Home prices have skyrocketed in the past year, and data from Redfin backs up what buyers, sellers, and agents have known for months. “This is the strongest seller’s market since at least 2006,” Fairweather said. The national average of home prices rose 14.4%

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Housing Wire

JULY 25, 2022

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

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Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Housing went into recession in 2006 and prices weren’t collapsing that year either. Key thing to remember: A traditional seller is also usually a buyer.

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McKissock

MARCH 15, 2022

While there is some unpredictability before spikes or plunges, there are many signs that can point to a growing real estate bubble or a burst. Below we describe a variety of market events that may indicate that the real estate market is on the verge of a housing boom or housing bust. Signs of a possible real estate burst.

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Housing Wire

MAY 21, 2021

. “Last month, existing home sales recorded their best bottom line in any April since 2006,” Speakman said. ” While borrowers battle it out in the bidding trenches, unsold inventory sits at a 2.4-month NAR also noted the role of inventory in existing home sales.

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Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5

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Housing Wire

MAY 24, 2022

I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. My biggest thing is getting total inventory back to 2018-2019 levels, which can range from 1.52-1.93

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Housing Wire

SEPTEMBER 28, 2021

below its 2006 peak. For-sale inventory levels charted their fourth consecutive monthly increase in August, and sellers appear to be taking a less aggressive approach when putting their homes on the market. Home prices in 19 of our 20 cities now stand at all-time highs, with the sole outlier (Chicago) only 0.3%

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Lamacchia Realty

JANUARY 25, 2024

2023 was a notable year in real estate history, but if we had to put our finger on what stood out, it was how the number of homes listed was the lowest in over two decades. It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. A lot of it had to do with anemic inventory.

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Lamacchia Realty

JANUARY 30, 2024

2023 marked a significant chapter in real estate history, on the state level in Maine as well as nationally. This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager.

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Housing Wire

JUNE 21, 2023

May’s housing starts rate was actually the highest since April 2022, which was then the highest since 2006. In other words, the multifamily deliveries will likely relieve pressure in the form of rents and help with overall supply, but the inventory deliveries likely won’t do much for the sales market. million, 21.7%

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Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. 2023 Real Estate Performance Highlights The number of homes sold decreased by 18.9%

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Lamacchia Realty

DECEMBER 26, 2023

ANTHONY LAMACCHIA'S 2024 REAL ESTATE MARKET PREDICTIONS Anthony is obsessed with tracking the data and in this article written at the end of 2023 he explains how the market is shaping up based on trends and what Buyers and Sellers can expect in 2024. Second, sellers can only hold off for so long.

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Housing Wire

FEBRUARY 14, 2022

But what makes Redfin different – what makes it radically, transformatively different – is that it classifies real estate agents as employees. This classification is essential to the real estate industry, homeowners across the country, and to boosting the economy,” NAR declared. It was as boring as it sounds like.

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Lamacchia Realty

DECEMBER 28, 2022

Though real estate markets can vary from one local market to another, the majority of the overarching market trends are happening everywhere on a grander scale right now. At that time we had an extreme overabundance of sellers and not enough motivated buyers. That is an extraordinary statistic and has kept inventory very low.

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Will Springer Realtor

MAY 12, 2021

This was the fastest pace for combined single-family and multi-family construction since June 2006. >> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. month total inventory (blue): Reasons for the lack of homes today are varied and often cited in this newsletter.

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Appraisal Today

OCTOBER 14, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Reviews and Revisions, AMC layoffs, real estate market, unusual homes, mortgage origination stats, etc. ==. Get started as a luxury real estate appraiser. To read more of this long blog post with many topics, click Read More Below!!

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Appraisal Today

AUGUST 5, 2022

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, unusual homes, mortgage origination stats, etc. The market is shifting from a sellers’ paradise to one where buyers can now start making a few demands of their own. House with trees growing inside!

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Will Springer Realtor

AUGUST 9, 2021

I have covered this topic both within the newsletter and on my blog and hear from people in real estate about their frustration over the lack of significant action. The National Association of Hispanic Real Estate Professionals also noted the median age of the Latino population is 29.8, million to 6.8 million home sales.

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Will Springer Realtor

MAY 9, 2022

He was one of the authors of a recent report that found signs of a housing bubble in the real estate market. Real estate data firm CoreLogic puts housing markets into one of five categories based on the likelihood that home prices will fall over the coming 12 months. The national numbers are starting to be concerning.

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