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Existing home sales data shows extent of housing inflation

Housing Wire

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. However, it’s not the market of 2002-2011.

Inventory 437
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Will Springer Realtor - Untitled Article

Will Springer Realtor

SETTLEMENT FOLLOW-UP A judge has preliminarily approved the $418M antitrust class-action settlement involving sellers’ compensation to brokers/agents in residential real estate sales. That’s up from 36% of sales in 2022 but far from the peak this century of 45% in 2011, according to ATTOM. >>

HOA 36
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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

Here’s a negotiating tactic that you may not have thought of: Sellers who “spy” on buyers when they are visiting the home. About three in every 10 sellers say they have used a camera on the property during an open house or showing at their home, according to a study of more than 2,000 consumers from LendingTree. . >> Buyers secured 3.8

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

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. UPDATE: This home is now under contract, pending inspection.

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SEATTLE POPULATION SPURT FUELS HOUSING DEMAND

Will Springer Realtor

They found that the number of households headed by 25- to 34-year-olds grew by 300,000 per year in 2016-2021, up sharply from an average annual growth of 45,000 households between 2011 and 2016, a difference of 260,000 additional households per year. That’s a swing of 550,000 households a year in overall household growth among this age group.

Buyers 36
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A Guide to Houston’s Best Ranches & Farms On The Market

Houston Properties

In a study conducted by Houston Properties, only about 40 properties were sold under this category back in 2011, but that number has tripled just last year. The demand is higher and there are good deals to be made both for sellers and buyers of farm and ranch-style homes. " – Christian (Google Review). Get PDF Now.

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RISING INFLATION, RATES TRIP UP HOUSING MARKET

Will Springer Realtor

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. LUXURY LIVING King County is well known for its amazing mid-century modern homes. since May and down 22% YoY. Give me a ring! bath , 3200 sq.