Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell.

Inventory 483

Inventory Housing Market Marketing New Listings 483

Housing Wire

AUGUST 30, 2022

This means all those men and women since 2012 who have been saying its housing 2008 all over again on their YouTube , Twitter, Facebook and other social media outlets simply don’t have the proper training to talk about housing economics. crash, especially from 2012-2019. New listings are declining now. From Redfin.

Inventory 382

Inventory New Listings Law Housing Market 382

Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., ” The annual home price growth rate fell to 1.94% in February, hitting a rate below 2% for the first time since 2012.

Inventory 392

Inventory New Listings Housing Market Mortgage 392

Housing Wire

DECEMBER 21, 2022

“The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. None of that has ever happened again since 2012. Mortgage rates spiked in March, and then the new listing data started to decline at the end of June.

Inventory 515

Inventory New Listings Housing Market Sellers 515

Housing Wire

NOVEMBER 18, 2022

As mortgage rates rose more and more, the October to January data was going to show big negative prints. Seasonal impacts are the norm with housing, and new listing data is negative 6% year to date. We saw new listing data decline when rates got to 6.25% the first time. NAR lists the current inventory at 1.22

Inventory 463

Inventory Marketing Housing Market New Listings 463

Will Springer Realtor

MAY 9, 2023

Falling new inventory is constraining transaction volumes while also supporting higher home prices. It’s a dynamic not often seen in our area and it – along with stubbornly high mortgage interest rates – has generated a rollercoaster ride of data that would make Six Flags jealous. between May 2007 and January 2012.

New Listings 59

New Listings Inventory Buyers Sellers 59

Will Springer Realtor

AUGUST 15, 2023

Variations between the two years are stark, to say the least: A “re-evaluation” for future buyers can be defined as consumers determining when to jump (or jump back) into the home-search pool as mortgage rates appear stuck around 7.0%. Mortgage rates are high, home prices are high, there’s no inventory.” The county saw a 4.9%

Sellers 60

Sellers Buyers New Listings Inventory 60

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Mortgage rates. So where does all that drama leave us for 2023?

Housing Market 537

Housing Market Marketing Inventory New Listings 537

Lamacchia Realty

JANUARY 25, 2024

As interest rates strive to find equilibrium following their sharp decline in 2020, buyers and sellers have had to accept that the era of pandemic-induced low rates is over, ushering in a period of higher monthly mortgage payments. This has led to the lowest number of new listings since 2010. It has been a vicious cycle.

Inventory 52

Inventory Sellers Buyers Contracts 52

Will Springer Realtor

MARCH 14, 2023

However, many potential buyers appeared to be in a wait-and-see mode amid a backdrop of rising mortgage rates that usually spell affordability challenges. Notably, there are 185% more listings available today across the Eastside of the county compared with February 2022. decline over the 12 months ending March 2012. or less.

Marketing 36

Marketing Buyers Inventory Sellers 36

Boston Appraisal

JULY 22, 2019

The Housing Market Is Going Strong… for Now The year 2019 started with a bang, and this wasn’t even news. Ever since 2012, home prices have been on the rise, reaching unprecedented numbers in some markets. After estimating in late 2018 that 30-year mortgage rates could reach 5.1% and projects it will remain low in 2020 at 4.5%.

Marketing 78

Marketing Housing Market Real Estate Buyers 78

Boston Appraisal

JULY 22, 2019

The year 2019 started with a bang, and this wasn’t even news. Ever since 2012, home prices have been on the rise, reaching unprecedented numbers in some markets. After estimating in late 2018 that 30-year mortgage rates could reach 5.1% The Housing Market Is Going Strong… for Now. and projects it will remain low in 2020 at 4.5%.

Marketing 78

Marketing Housing Market Real Estate Buyers 78

Will Springer Realtor

JANUARY 10, 2023

The number of new listings for all home types – single-family, townhomes and condos combined – in King (887) fell 47% from November and declined 36% from December 2021. The bar is so low on listings and sales data that one might trip over it. That is the lowest annual figure since 2012 (27,601), according to MLS data.

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

Will Springer Realtor

AUGUST 11, 2023

NAR’s Housing Affordability Index is a good measure of whether a household earns enough to qualify for a mortgage on a typical home. None of the Seattle-area counties were on the list. >> King County new listings fell 13% from June to July (2158), led by a 20% slide in Seattle (690).

Buyers 36

Buyers Development Construction New Listings 36

Housing Wire

MARCH 18, 2021

As proof of the impact of the country’s low inventory and high cost of building materials , new listings fell 16% – the second-largest decline on record since Redfin’s data began in 2012, only passed by the drop in April 2020. And even with March well underway, mortgage applications are still in decline.

Buyers 545

Buyers Sellers Inventory New Listings 545

Will Springer Realtor

AUGUST 9, 2021

Housing affordability decreased in 45 of the 50 states from 2012 to 2019. Look at the green states of Idaho, Nevada and Utah on the 2012 map; they have seen housing affordability plummet by 2019, skipping past the yellow category to brown in less than a decade. The number of new listings for all home types (4428) fell 7.8%

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

FEBRUARY 9, 2022

“That’s a triple whammy hitting potential homebuyers,” notes Len Kiefer, deputy chief economist at Freddie Mac, which buys many of our mortgage loans from lenders. People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. The new fees will take effect on April 1. “As

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. Its data show home prices have far outpaced incomes since 2012.

Real Estate 36

Real Estate Inventory Buyers Construction 36