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The 2023 Housing Market: A Look Ahead

Housing Wire

Home Prices will fall, but don’t expect 2010. There will be two key differences between 2023 and 2010. First, mortgage lending standards have remained high after the last bubble. People can afford to pay their mortgages. The event is exclusively for HW+ members , and you can go here to register. months nationally.

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Why home-price growth is still up 18% year over year

Housing Wire

Nor can we ever have a credit sales boom again with lending standards back to normal. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5 million listings. I don’t need to see total active listing get back to the historical range of 2-2.5 From Redfin.

Inventory 381
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Mostly Positive Start to 2024 Housing Activity in Seattle/King County

Will Springer Realtor

Annual sales across King County totaled 21,515 homes – down an incredible 24% from the year before and the fewest since 2010 (20,761). The true barometer will be measured by the number of homeowners who enter the market this year – depending on lending rates and personal factors. That’s a whopping 134% more than December and a solid 7.0%

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Seattle Area Housing Market Remains Not for the Faint of Heart

Will Springer Realtor

The optimism comes from signals in economic data that show improving conditions and a likely end to rising mortgage rates in the coming months – a story that we are all looking forward to reading. The Eastside led the way with a 33% drop-off in new listings (420) and Seattle fell 31% (586). units, a 13-year low. higher YoY.

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High Financing Hurdles Lead to Low Housing Activity in Seattle/King County

Will Springer Realtor

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% At least that’s what some economists have expressed. Only buyers and sellers who must move are doing so.

Finance 68
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King County Home Sales Cool as Interest Rates Inch Toward 8%

Will Springer Realtor

First a look at September’s numbers: A wave of last-chance listings for the year hit the market after Labor Day. That increased new listings by 7.5% (2884) and available homes on the market by 12% (3602) between Sept. Seattle alone saw a 29% (1213) monthly increase in new listings. 1 and Oct. on the year.

Buyers 64
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Affordability Woes Prompt Historic Housing Slowdown

Will Springer Realtor

Sales activity across the county is at historic lows; no October has experienced fewer listings in King County – not even close – since at least 1992 when records were first archived online. New listings for all home types in King County stood at 2157, a whopping 25% drop from September to October. Closed sales fell 0.9%