Remove 2012 Remove Housing Market Remove New Listings Remove Realtors
article thumbnail

Is housing inventory growth really slowing down?

Housing Wire

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. Once that happens, I can finally take the savagely unhealthy housing market theme off my talking points. What does this mean? million to 1.93

Inventory 519
article thumbnail

Days on market grow despite low inventory for existing homes

Housing Wire

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. The Federal Reserve wanted to see the bidding wars end and the days on the market grow. months to 3.3

Inventory 459
Insiders

Sign Up for our Newsletter

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

article thumbnail

King County Housing Market Stumbles to 2022 Finish Line

Will Springer Realtor

Each month, this blog will publish a fresh assessment of the King County area housing market. The article will include the latest monthly data from the Northwest Multiple Listing Service, analysis from national and local experts and a glimpse ahead at what to expect in the coming weeks. Will Springer, Realtor®.

article thumbnail

HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

also the oldest age of a first-timer ever recorded by the National Association of Realtors® (NAR). We need to take an approach to the housing crisis that embraces change, is inclusive and extremely productive. King County new listings fell 13% from June to July (2158), led by a 20% slide in Seattle (690). Various times.

Buyers 36
article thumbnail

IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

“There is a strong desire for homeownership across this country, but the lack of supply is preventing too many Americans from achieving that dream,” said Lawrence Yun, chief economist for the National Association of Realtors® (NAR). Housing affordability decreased in 45 of the 50 states from 2012 to 2019. AUGUST HOUSING UPDATE.

article thumbnail

HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

The aim is to generate more multi-family housing, from duplexes to fourplexes. The House version, HB 1782 , is backed by developer and Realtor® lobbyists, Habitat for Humanity and environmental groups, according to The Seattle Times. For our housing market, it’s time to have that talk. home buyers.

Buyers 36
article thumbnail

Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.