Housing Wire

SEPTEMBER 22, 2022

Existing home sales have more legs to go lower, especially now that new listing data is falling. 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. million in August.”

Inventory 443

Inventory Housing Market New Listings Mortgage 443

Housing Wire

DECEMBER 7, 2022

Only from 2006-2011 did we see this break due to forced sellers who couldn’t buy homes. One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual. NAR: Total Inventory levels 1.22 million Historically inventory levels range between 2 million and 2.5

Housing Market 542

Housing Market Mortgage Marketing Inventory 542

Housing Wire

OCTOBER 11, 2022

The only time this happened was 2006-2011 — the housing bust years. We’ve seen a massive price and payment inflation event with pricing still rising and the biggest mortgage rate increase in a single year in recent modern-day history. Now fast forward to 2022. for 2022 is going to be wrong and too low.

Sellers 498

Sellers Inventory Housing Market New Listings 498

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. List price: $43M ($5548/sq. Prices declined 5.4% in King ($468K), 6.3% drop ($677,475).

Inventory 36

Inventory Construction Supply Chain Buyers 36

Will Springer Realtor

MAY 13, 2024

That’s up from 36% of sales in 2022 but far from the peak this century of 45% in 2011, according to ATTOM. >> The reason, beyond the seasonal spring burst of new listings, may be tied to a recent legal settlement between Insignia’s Homeowners Association and Bosa Development Washington on a litany of building defect claims.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

SEPTEMBER 8, 2021

Most notably, it’s the first time mortgages declined from Q1 to Q2 since 2011, according to ATTOM Data Solutions. averaged a 17% home-price rise from Q2 of 2020 to Q2 of 2021 and prices have risen nationally each quarter since Q3 of 2011. >> The pandemic seriously affected U.S. New data show this subset of buyers accounted for 2.8%

Construction 36

Construction Inventory Buyers Real Estate 36

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. And what a thoughtful listing video.

Architecture 36

Architecture Design Buyers Construction 36