Housing Wire

FEBRUARY 21, 2023

Before that, you have to go back to October 2010 to find total sales this low.” “This is the lowest level of home sales activity since May 2020 when the COVID-19 pandemic had shut down much of the economy,” Lisa Sturtevant, the Bright MLS chief economist said in a statement. Despite this industry analysts remain optimistic.

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Inventory Buyers Housing Market Contracts 360

Housing Wire

MAY 10, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. The homeownership rate for Black Americans has actually declined between 2010 and 2020 and stands at 43.4%, while the homeownership rate for white Americans is 72.1%.

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Housing Wire

DECEMBER 4, 2020

over the next three years – nearly a percentage point lower than the average of the 2010-2019 decade. However, Nothaft expects that mortgages originated today, with a contract rate of 3% or lower, are more likely to have a relatively long life and lenders will not see them coming into refinance anytime soon.

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Housing Wire

OCTOBER 16, 2023

In August, Zillow ‘s 2023 Consumer Housing Trends Report proclaimed that half of all homebuyers are purchasing their first home, the highest share that Zillow has ever recorded. One of the primary reasons for this surge is the strong presence of millennials in the housing market, particularly those at the peak, around ages 33 and 34.

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Agents Buyers Sellers Inventory 397

Appraisal Buzz

APRIL 15, 2024

UAD originated in 2010 and since then we appraisers are accustomed to using codes like “C4,” “N;Res,” and “1200sf0sfin” in our mortgage appraisal reports to communicate the results of our analysis. Reports in the new standard, will be dynamic, expanding and contracting, based on the scope of work for that appraisal assignment.

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Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. High-quality homes sell in nearly every market. Properties are still going under contract.

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Housing Wire

DECEMBER 20, 2021

To help the most vulnerable population, Tara Roche, research manager for the Pew Charitable Trust , said that HAF will be available to those who are using alternative financing, such as land contracts (agreements directly between sellers and buyers) and loans secured by manufactured homes. The program prevented $8.3

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Appraisal Today

JUNE 10, 2022

Hot housing market not a bubble, economists say. Excerpts: As home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow® does not believe the market is in a bubble. The purchase market has been a different story. I’m always looking for something new ;> ==.

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Appraisal Today

MARCH 22, 2024

There’s no rationale or logic for this not being done years ago as a required adjustment, starting in 2010. It can impact home values, insurance costs, and the overall stability of a housing market.” “The The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.89

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Housing Wire

JANUARY 20, 2023

Homebuilder confidence and demand for mortgages have increased recently, keeping hopes high for an improved housing market in 2023. But a modest recession is still expected this year, and elevated mortgage rates, coupled with high home prices, will limit housing activity, according to Fannie Mae. trillion from the previous year.

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Housing Wire

AUGUST 24, 2023

What does it mean for the housing market ? Higher mortgage rates probably signal “a further contraction in home sales activity,” she added. “We We could see monthly sales fall to 2010 or 2011 levels when the market was recovering from the free fall after the housing bubble.”

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Housing Wire

SEPTEMBER 3, 2022

Even though the builders are going to stop producing new single-family homes that aren’t already under contracted, they need to have the labor to finish the homes that have been started on or under contract and not started on yet. The economic data was getting better in late 2019, and in February of 2020, housing broke out.

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Housing Wire

OCTOBER 20, 2022

regions experiencing month over month contractions. “The current lack of supply underscores the vast contrast with the previous major market downturn from 2008 to 2010, when inventory levels were four times higher than they are today.” from August to September, with three out of four major U.S. million from 6.18

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Housing Wire

AUGUST 1, 2023

The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract. Maybe by Q4, we’ll have more homes in contract than there were at the end of 2022. When you look at just the new sales each week, you can see how the pace of the market has recovered. In 2022 there were 418,000.

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Appraisal Today

SEPTEMBER 8, 2023

It’s been on and off the market since 2014, four years after a lengthy construction project there was completed. But that popularity did not translate into a sale, and the stately dwelling returned to the market more recently in 2021 for $35 million. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.66

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Will Springer Realtor

DECEMBER 12, 2023

The Seattle area housing market right now reads like a mystery novel with half the pages missing. Existing home sales fell 18% between October and November for all homes on the market and are off 11% Year-on-Year (YoY). Notably, the Eastside saw a 25% decline in Pending sales (homes under contract) but are still 9.2%

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Housing Wire

JUNE 28, 2021

He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It I have always been good with numbers, and I enjoy looking at houses,” he said. But DeZarn was an independent contractor business of one, and he lost his clients in 2008 when the housing market imploded.

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Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. housing market is experiencing a price “correction,” defined as a 10% price drop from its most recent peak. Our market cooled faster than any other in the nation, according to one report.

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Cornerstone

OCTOBER 26, 2021

In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. As CoreLogic’s Chief Appraiser Shawn Telford explains : “Recently, we observed buyers paying prices above listing price and higher than the market data available to appraisers can support.

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Housing Wire

APRIL 15, 2021

But they could delegate that responsibility to community-based nonprofit entities, such as community development financial institutions, minority depository institutions, housing counseling agencies or community development credit unions. The bill would not require that states contract with such groups, however.

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Quicken Loans

APRIL 12, 2021

Foreclosure purchases thrived in 2009-2010 when a recession-battered housing market hit its peak foreclosure rate. This person will typically contract a local real estate agent to list the property on a Multiple Listing Service, which may include national online listing platforms and local real estate sites.

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Miller Samuel

MARCH 19, 2019

That article came out in 2014 right as the housing market was peaking. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract). As evidenced by the 2010 census data in Wikipedia, there is a significant population difference between New York City and Buffalo. They will simply go elsewhere.

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Real Estate Law Development Investors 370

Will Springer Realtor

DECEMBER 19, 2023

Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises. Any one of those risks could cascade into other parts of the market and tip the economy into recession.” homes – yes, still a seller’s market.

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Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

OCTOBER 10, 2023

We are starting to see all of those signs following the release of September housing data from the Northwest Multiple Listing Service (MLS). Unfortunately for buyers, a combination of the typical seasonal trend and higher borrowing costs has slowed housing market activity to an excruciatingly slow pace – and there are concerning signs ahead.

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Assurance Financial

NOVEMBER 9, 2021

The real estate market has fluctuated significantly over the past few decades, with a median sales price difference of $195,900 in the last 20 years alone. With these constant housing market shifts, it can be challenging to determine the best time to buy or sell a house. What Is a Buyer’s Market?

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Will Springer Realtor

FEBRUARY 13, 2024

The Seattle/King County housing market appears to have come through the worst of times with a slightly stronger showing in January than in previous months. Annual sales across King County totaled 21,515 homes – down an incredible 24% from the year before and the fewest since 2010 (20,761). higher than January 2023.

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New Listings Buyers Inventory Lending 54

Will Springer Realtor

DECEMBER 13, 2022

By all measures, our region (and the rest of the country for that matter) experienced one of the worst six months (June-November) any housing market has seen in at least a decade. Yes, the great housing market reset is in full swing. In his estimate: “Homebuilding’s going to contract.”. in the first half of 2022.

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Real Estate Buyers Construction Sellers 36

Will Springer Realtor

SEPTEMBER 12, 2023

There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Scary, indeed, but are these signs of a pending housing recession? There are 7.4% Sales inched 1.0%

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Finance Inventory Construction Buyers 68

Will Springer Realtor

MAY 9, 2022

DID SOMEBODY SAY, ‘HOUSING BUBBLE?’. Are we in a housing bubble? The housing market has become bubbly,” said economist Enrique Martinez-Garcia of the Federal Reserve Bank of Dallas. He was one of the authors of a recent report that found signs of a housing bubble in the real estate market.

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Architecture Design Buyers Construction 36

Will Springer Realtor

AUGUST 15, 2023

The single-family housing market is sluggish, as many prospective buyers and sellers have chosen to focus on enjoying the many weeks of beautiful weather. The number of single-family homes going under contract (Pending sales) fell 8.7% The dynamics of this year’s housing market are complex. on the Eastside.

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Sellers Buyers New Listings Inventory 60

Will Springer Realtor

OCTOBER 11, 2023

That median figure is the smallest measure for a home since 2010 and marks a reversal after a brief increase during the post-Covid building boom. >> We are starting to see all those signs following the release of September housing data from the Northwest Multiple Listing Service (MLS).

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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. Then the housing bubble burst. market during the pandemic – and there is great anticipation for strong demand.

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Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

APRIL 11, 2022

The spring housing market will include a trio of indicators – all rising. APRIL HOUSING UPDATE. There are no signs of a market slowdown or bursting bubble in our housing market. Interior work continues on lower floors and the sales team expects to begin closing on contracts within the month.

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Construction Development Inventory Buyers 36

Will Springer Realtor

MAY 12, 2021

The narrow area known as Westlake, just west of Lake Union (and, notably, close to Facebook, Google and Amazon offices), has seen the number of people aged 25-34 double from 2010 to 2019 and now comprise 52% of its residents. Icon is on a mission to change the way we house the homeless and others. housing market needs 3.8

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Real Estate Inventory Buyers Construction 36

Will Springer Realtor

FEBRUARY 9, 2022

market in the last decade, reported FilterBuy.com. between 2010 and 2020 to edge out Denver (22.9%) and Portland, Ore.-Vancouver, Seven Washington towns and cities – from Kennewick (22.8%) to Bremerton (19.0%) – were among the top 20 smaller markets across the U.S. For our housing market, it’s time to have that talk.

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Buyers Law Inventory Development 36

Will Springer Realtor

JUNE 9, 2023

Can the housing market cope with rising demand? Our state is among five out West experiencing the greatest undersupply of housing in the nation (California, Colorado, Utah and Oregon are just ahead of Washington on the list.) It’s the bacon and eggs of the housing market – two staples that are often linked to one another.

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