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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Inventory Contracts Buyers Mortgage 341

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. Prices are expected to fall 6.7%

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Mortgage Housing Market Buyers Contracts 346

Housing Wire

OCTOBER 20, 2022

regions experiencing month over month contractions. Housing inventory also decreased last month, but just slightly, dropping from 1.25 Per the NAR, this drop in inventory was likely due, at least in part, to the seasonal inventory decline that typically occurs during December and January. million from 6.18

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Inventory Mortgage Contracts Realtors 367

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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Mortgage Contracts Construction Inventory 506

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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Mortgage Property Taxes Investors Buyers 364

Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.

Agents 383

Agents Buyers Sellers Inventory 383

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 Market Marketing New Listings Buyers 42

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.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

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. Is this the beginning of a housing bubble, 2021-style? “I million for sale today.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

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.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

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. Total inventory remains low, however, keeping prices higher on an annual basis. And, despite the rise in new listings, the number of homes still on the market on Feb.

New Listings 54

New Listings Buyers Inventory Lending 54

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? “I Condo inventory stayed at 1.8

Finance 68

Finance Inventory Construction Buyers 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.

Buyers 64

Buyers Inventory Sellers Housing Market 64

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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Appraisal Contracts Business Construction 80

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 ;> ==.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Will Springer Realtor

DECEMBER 19, 2023

We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. 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.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

AUGUST 15, 2023

“The housing market’s going nowhere fast,” Mark Zandi, chief economist of Moody’s Analytics, told the media in July. Mortgage rates are high, home prices are high, there’s no inventory.” The number of single-family homes going under contract (Pending sales) fell 8.7% The dynamics of this year’s housing market are complex.

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Sellers Buyers New Listings Inventory 60

Miller Samuel

MARCH 19, 2019

That article came out in 2014 right as the housing market was peaking. 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. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract).

Real Estate 370

Real Estate Law Development Investors 370

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

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. Marketing Strategies.

Marketing 36

Marketing Sellers Buyers Real Estate 36

Will Springer Realtor

APRIL 11, 2022

The spring housing market will include a trio of indicators – all rising. This year’s buying and selling campaign will be marked by increasing inventory (good!), APRIL HOUSING UPDATE. There are no signs of a market slowdown or bursting bubble in our housing market. THE IMPACT OF SURGING RATES.

Construction 36

Construction Development Inventory Buyers 36

Will Springer Realtor

DECEMBER 13, 2022

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. That real estate party of unquenchable buyer demand against a backdrop of low inventory is over. in the first half of 2022.

Real Estate 36

Real Estate Buyers Construction Sellers 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

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

FEBRUARY 9, 2022

People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. market in the last decade, reported FilterBuy.com. between 2010 and 2020 to edge out Denver (22.9%) and Portland, Ore.-Vancouver, For our housing market, it’s time to have that talk. Vancouver, Wash.

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Buyers Law Inventory Development 36