Lamacchia Realty

JANUARY 25, 2024

This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Average prices for closed sales increased by 7.2% Sales Decline by 18.9%

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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%

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Housing Wire

FEBRUARY 24, 2024

Weekly housing inventory data My favorite housing data line for 2024 has been seeing the increase in inventory year over year. I firmly believe that housing inventory can grow over time when mortgage rates increase and we see weakness in demand. Here is a look at inventory last week: Weekly inventory change (Feb.

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Housing Wire

DECEMBER 7, 2020

For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month Keep this rule of thumb in mind for the future, below 4.3 Existing Home Supply.

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Housing Wire

JANUARY 19, 2024

Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale.

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Appraisal Today

SEPTEMBER 29, 2023

percent, the highest rate in the history of the jumbo rate series dating back to 2011,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. The purchase market, which is still facing limited for-sale inventory and eroded purchasing power, saw applications down over the week and 27 percent behind last year’s pace.

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Insurance Appraisal Contracts Mortgage 79

Will Springer Realtor

DECEMBER 11, 2022

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. months of inventory. Inventories across the county for all home types now stand at 2.2

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Inventory Construction Supply Chain Buyers 36

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. USPAP and the Contract. Excerpt: But USPAP and the contract have a very unique relationship. Some appraisers do not like having a copy of the contract.

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Appraisal Contracts Real Estate Mortgage 52

Housing Wire

FEBRUARY 21, 2023

Affordability constraints and tight inventories will continue to limit home sales and the 10-year Treasury has moved up meaningfully since the completion of our interest rate forecast, suggesting mortgage rates will soon be back on the rise,” according to the ESR group. million, it still marks the slowest annual pace of sales since 2011.

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Appraisal Today

NOVEMBER 10, 2023

addition in 2011 expanded its footprint and modernized its features also adding a 4-car garage. The purchase index is still more than 20 percent behind last year’s pace, as many homebuyers remain on the sidelines until more for-sale inventory becomes available.” The average contract interest rate for 5/1 ARMs decreased to 6.76

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Housing Wire

AUGUST 24, 2023

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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Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

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HOA Transportation Construction Buyers 36

Appraisal Today

JULY 7, 2023

year-over-year to $396,100, marking the largest price reduction since December 2011.While However, the “mortgage lock-in” phenomenon—where homeowners are reluctant to sell after buying or refinancing at lower rates before 2022—could limit future sales and inventories. The average contract interest rate for 5/1 ARMs decreased to 6.00

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Appraisal Real Estate Contracts Mortgage 77

Will Springer Realtor

SEPTEMBER 8, 2021

There are no signs of a real estate crisis, particularly in the Puget Sound region, where prices keep rising – up about 20% the past year and 68% in Seattle alone since 2016, by one measure – amid a dearth of inventory and surge of buyers. A drying up of listings sent inventory figures lower. in July, and condo inventories were 1.0,

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Housing Wire

MAY 24, 2022

My biggest thing is getting total inventory back to 2018-2019 levels, which can range from 1.52-1.93 However, this isn’t going to help much because the existing home sales market has a different inventory channel. Now inventory is rising in the existing home sales market, and we just had some positive weekly year-over-year prints.

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Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Total Eastside inventory rose to 1366 active listings, up 52% in one month and 210% in a year. months’ inventory, up from 1.0

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Housing Market Marketing Inventory HOA 36

Will Springer Realtor

DECEMBER 14, 2021

There are too many consumers searching for homes and clearly not enough inventory, however that still means costs around goods, services and housing are going to inflate. With more housing inventory to hit the market, the intense multiple offers will start to ease,” predicts Lawrence Yun, chief economist with NAR. 3-bedroom with den).

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Real Estate Buyers Construction Sellers 69

Will Springer Realtor

MAY 9, 2022

Between 2011 and 2019, the median household income in our area increased by about 34% but housing prices jumped 78%. That includes 621 fewer Pending contracts in April 2022 than the previous April, as the net number of new listings remains on average lower than in years past. Inventories rose in the past month across the county (0.8

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Architecture Design Buyers Construction 36

Will Springer Realtor

OCTOBER 8, 2021

The gross-flipping profit of $67,000 in Q2 translates into a 34% return on investment compared to the original acquisition price, its lowest point since Q1 of 2011, when the housing market was recovering from a price slump brought on by the Great Recession. Inventories improved fractionally. in Q2, down from 6.8% There is now 0.7

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Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

DECEMBER 13, 2022

That real estate party of unquenchable buyer demand against a backdrop of low inventory is over. In his estimate: “Homebuilding’s going to contract.”. Homes go under contract in a median 20 days, up an additional 11 days from only a month earlier. Popping sounds can be heard from party balloons, one by one.

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Real Estate Buyers Construction Sellers 36

Clear Capital

OCTOBER 28, 2021

Since 2011, Nooklyn has helped over 55,000 New Yorkers — that’s a lot — find their apartment and processed over 85 million in rental payments. And so, it’s been the opposite for us this year where people have not only moved back, we’re now probably entering a period where there’s like an inventory crunch.

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Real Estate Tools Agents Real Estate Agent 69

Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. “The state of the housing crisis,” Pullen said, “Is such that we do not have the luxury to say ‘no’ to any innovative approach.”.

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