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Existing home sales are working from a historic low bar

Housing Wire

Something notable about this report: Total active listings as the NAR tracks them almost broke under 1 million again. 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. from December 2022 ($366,500).

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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. . from July to a seasonally adjusted annual rate of 4.80

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Are you fighting margin compression with data or guesses? 

Housing Wire

But, the really painful trend is new listings data. New listings data is trending at the lowest levels ever recorded in U.S. Last week there were only 62,000 new listings that came to the market. Instead, homes get off the market very quickly. Back in 2011, it was 101 days.

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Agents harness the power of social media to generate leads

Housing Wire

When Gogo Bethke began her career in real estate back in 2011, the Romanian immigrant felt like social media was her only option to generate leads and close deals. “I Instead, the Michigan-based eXp agent created her Facebook business page shortly after passing her licensing exam in 2011 and named it “Gogo’s Real Estate.”. “I

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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.”.

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Affordability Woes Prompt Historic Housing Slowdown

Will Springer Realtor

Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines. October figures from the Northwest Multiple Listing Service strongly suggest prospective buyers and sellers are taking a wait-and-see approach. Closed sales fell 0.9%

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Baby Boomers still have a significant impact on various aspects of society, including the housing market, healthcare and the economy. ” Bough presided over a trial last year that ended in a $1.8B (yes, with a “B”) verdict against the National Association of Realtors® (NAR). But for how long? fewer Boomer households in the U.S.,

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