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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. Redfin : Realtor.com : Altos Research : Clearly, we are seeing a slowdown in new listings as the data has been negative now for months. What does this mean?

Inventory 519
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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. As mortgage rates rose more and more, the October to January data was going to show big negative prints.

Inventory 459
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King County Housing Market Stumbles to 2022 Finish Line

Will Springer Realtor

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®. The bar is so low on listings and sales data that one might trip over it. Economists across the U.S.

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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). 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. >> >> Bellevue is rated No.

Buyers 36
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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. percentage points.

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HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

“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
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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

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.