Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies. All cash buyers now stand at 24%.

Realtors 377

Realtors Housing Market Marketing Buyers 377

Housing Wire

JANUARY 20, 2023

million units, declining from its final estimate of total sales in 2022 and marking the slowest annual pace since 2010, according to its Economic and Strategic Research Group. “We Inventory remains tight , and the overall housing stock is well below what long-run demographic trends suggest is needed, according to the group.

Mortgage 346

Mortgage Housing Market Buyers Contracts 346

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. From a buyer’s perspective, it couldn’t be worse. Mortgage rates are high, home prices are high, there’s no inventory.” drop (542).

Sellers 60

Sellers Buyers New Listings Inventory 60

Lamacchia Realty

JANUARY 25, 2024

This created an extreme scarcity of inventory and contributed to elevated prices, but it also led to a 22% decrease in the number of sales, leaving buyers eager. The resilience can be attributed mostly to the decrease in inventory. The number of homes placed under contract (pending, just singles and condos) decreased by 18.9%

Inventory 52

Inventory Sellers Buyers Contracts 52

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. Unlike what the Northeast experienced, South Florida inventory is up over 2022 and the second half of 2021. South Florida Sales Decline by 17.5%

HOA 49

HOA Inventory Buyers Contracts 49

Miller Samuel

FEBRUARY 12, 2019

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed).

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Will Springer Realtor

FEBRUARY 13, 2024

Total inventory remains low, however, keeping prices higher on an annual basis. Annual sales across King County totaled 21,515 homes – down an incredible 24% from the year before and the fewest since 2010 (20,761). This indicates there may be higher turnover for homes hitting the market amid a growing number of buyers.

New Listings 54

New Listings Buyers Inventory Lending 54

Will Springer Realtor

FEBRUARY 9, 2022

The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. Buyers with the deepest pockets may wait, however. home buyers.

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

DECEMBER 12, 2023

King County’s 1474 monthly home sales is the lowest for any November since 2010 (1331) – in the middle of the housing crisis. Notably, the Eastside saw a 25% decline in Pending sales (homes under contract) but are still 9.2% Months of inventory for single-family homes was flat at 1.7 (or Inventory was at 1.9 higher YoY.

Housing Market 42

Housing Market Marketing New Listings Buyers 42

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. This suggests homes – while far fewer for sale than in recent years – are quickly being scooped up by those few available buyers. months’ inventory, down from 1.5

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

OCTOBER 10, 2023

This is the season when buyers can take advantage of homeowners wishing to sell before the holidays and are showing a willingness to budge on price or make other concessions. At the same time, the number of homes going under contract (Pending sales) fell 11% (2087) for the month and 9.8% Single-family inventory is 1.8

Buyers 64

Buyers Inventory Sellers Housing Market 64

Will Springer Realtor

DECEMBER 19, 2023

Buyers and sellers tiptoed through caution. We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. The limited supply of homes for sale pushed prices higher despite fewer buyers in the market. Um, bye-bye!

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Appraisal Today

SEPTEMBER 8, 2023

Most recently, the 2010 build became one of the most expensive homes on the market when it hit the market in early August at the greatly reduced $26 million listing price. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.21 percent from 7.31

Appraisal 80

Appraisal Contracts Business Construction 80

Miller Samuel

MARCH 19, 2019

FPI's apparent belief that most of the high-end development sold ended up as empty pied-a-terres while wealthy buyers bid up the prices is incorrect. Much of this speculation is being driven by two factors: sparse supply, due to the absorption of the inventory left over from the last boom, and fast-rising prices.

Real Estate 370

Real Estate Law Development Investors 370

Appraisal Today

JUNE 10, 2022

” The most popular reason for respondents rebuffing the bubble thesis is strong market fundamentals, including demographics, scarce inventory and shifting housing preferences. At this point, we’d have to go back to the purchase market doldrums of 2010-2015 to find anything lower (with a few exceptions). percent from 5.33

Appraisal 52

Appraisal Contracts Business Mortgage 52

Assurance Financial

NOVEMBER 9, 2021

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Buyer’s vs. seller’s markets are a matter of supply and demand.

Marketing 36

Marketing Sellers Buyers Real Estate 36

Will Springer Realtor

JUNE 9, 2021

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

MAY 9, 2022

That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. Sidenote: Adjustable-rate mortgages (ARMs), which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for new buyers financing a home.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

NOVEMBER 12, 2021

are 64% more expensive now than in 2016 and are reduced in number by more than half today: “I expect the inventory of starter homes to remain extremely tight, especially in desirable smaller markets,” Ali Wolf, chief economist at the building consultancy Zonda, told realtor.com. in 2010, the largest decline of any state. in September.

Law 36

Law Inventory Real Estate Government 36

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. and ease to 4.9% in 12 months.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Listing Spark

DECEMBER 15, 2022

How to qualify buyers so that you have a low default rate on owner financing deals. Why some buyers can’t qualify for more traditional financing. 00:05:38] How to qualify buyers so that you have a low default rate on owner financing deals. 00:07:03] Why some buyers can’t qualify for more traditional financing.

Finance 36

Finance Investing Real Estate Lending 36

Will Springer Realtor

APRIL 11, 2022

This year’s buying and selling campaign will be marked by increasing inventory (good!), What does it mean to buyers? The impact is greatest on first-time buyers and lower-income households, which recently prompted housing advocates to urge the White House for further help on the issue of affordability. BY THE NUMBERS. >>

Construction 36

Construction Development Inventory Buyers 36

Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. this year. >>

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

OCTOBER 11, 2022

Waller went on to say this adjustment is in no way like the horrific housing/financial crises of 2007-2010. At least buyers will have more options and time to weigh their decision to purchase a home – but at what cost to the bottom line? The next 12-24 months are likely going to be quite a challenge for prospective buyers.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Houston Properties

JANUARY 13, 2021

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? On the other hand, interest rates should rise, and since so much of real estate is financed, it would reduce the amount that buyers can afford to pay, thereby reducing demand for primarily financed properties. There’s No Free Lunch.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Will Springer Realtor

JUNE 8, 2022

The rate today is the same as in the late 1960s, except during the housing bubble of 2008-2010 when ownership rose – and we know how that ended up! The multi-pronged effort includes legislative and administrative actions to increase the number of affordable units and overall inventory. That’s $811 higher than the same time last year.

Design 36

Design Construction Development Property Taxes 36