article thumbnail

Lower mortgage rates are stabilizing the housing market

Housing Wire

Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22 million Historically inventory levels range between 2 million and 2.5 NAR: Total Inventory levels 1.22 Mortgage rates went from a low of 2.5%

article thumbnail

Existing home sales data shows extent of housing inflation

Housing Wire

Total Inventory data fell in this report from 1.31 It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52 I am a big fan of inventory to 2019 levels. Even though 2019 inventory levels were historically low, they were at four-decade lows before 2020; they’re a more effective pricing market.

Inventory 446
Insiders

Sign Up for our Newsletter

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

article thumbnail

The standoff between homebuyers and sellers

Housing Wire

Inventory, which has been falling for years, broke to all-time lows in 2020. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. Of course, this has brought back some inventory, as demand weakness always creates inventory through accumulation. million active listings, but at just 1.28

Sellers 498
article thumbnail

Will Springer Realtor - Untitled Article

Will Springer Realtor

months of inventory. Inventories across the county for all home types now stand at 2.2 Single-family inventory is unchanged from October at 2.1 Exclusive neighborhoods such as Medina and Mercer Island have roughly 4 months of single-family inventory. A little more than a third of inventory is under contract.

article thumbnail

HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

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,

article thumbnail

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. Total Eastside inventory rose to 1366 active listings, up 52% in one month and 210% in a year. months’ inventory, up from 1.0

article thumbnail

SFR with ADU or Two Units?

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ percent, with points decreasing to 0.78