Remove 2011 Remove Housing Market Remove Modernization Remove Realtors
article thumbnail

Existing home sales data shows extent of housing inflation

Housing Wire

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . However, it’s not the market of 2002-2011.

Inventory 435
article thumbnail

Making housing more affordable by bridging the affordable supply gap

Housing Wire

Since 2011, the number of existing single-family homes for sale has declined more than 30%. By supplying more homes that are affordable, the housing industry can increase homeownership rates for everyone. ?. Taylor, “ A Growing Problem in Real Estate: Too Many Too Big Houses ,” The Wall Street Journal (March 21, 2019).

Finance 364
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FHA Commissioner Julia Gordon gets to work

Housing Wire

“I am confident that she will bring a depth of expertise and perspective to FHA at a critical time for our country’s housing market.”. Housing industry stakeholders have a lengthy list of changes they hope Gordon will implement. Toomey, in a statement published in May 2022, also criticized Gordon’s career in housing.

Insurance 307
article thumbnail

RISING INFLATION, RATES TRIP UP HOUSING MARKET

Will Springer Realtor

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. 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. Not really sure.”.

article thumbnail

HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

One of the hottest search phrases on Google today is, “When is the housing market going to crash?”. Not “ Will the housing market crash?” We shared in a previous newsletter the many factors driving our buoyant housing market – and there is no end in sight to home appreciation. IOU IN THE FORM OF AN RSU.

article thumbnail

Will Springer Realtor - Untitled Article

Will Springer Realtor

today – may hold the keys (literally and figuratively) to the housing conundrum. Baby Boomers still have a significant impact on various aspects of society, including the housing market, healthcare and the economy. 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
article thumbnail

CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

It has also set its sights on rezoning portions of the city to increase housing density. Between 2011 and 2019, the median household income in our area increased by about 34% but housing prices jumped 78%. DID SOMEBODY SAY, ‘HOUSING BUBBLE?’. Are we in a housing bubble? housing market is unrealistic.