Housing Wire
OCTOBER 23, 2020
In the third quarter, luxury home sales jumped 41.5% , the biggest year-over-year shift since 2013, according to Redfin. Contracts during this time also skyrocketed 62%. What we’re seeing here in Palm Beach is a total frenzy,” Dana Koch, a sales associate with Corcoran Group , the Koch Team in Palm Beach, told HousingWire.
Lamacchia Realty
JANUARY 30, 2024
This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9%
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Birmingham Appraisal
FEBRUARY 13, 2024
Understanding these metrics enables agents to adjust pricing strategies based on inventory levels and buyer demand, optimizing the chances of selling a property quickly and at the best possible price. In the second post of my series , we covered average and median sold prices, average days on the market, and months of inventory.
Housing Wire
JUNE 13, 2023
Mortgage credit availability dropped in May, a consequence of a tougher mortgage landscape that has resulted in lender consolidation as well as high rates and limited inventory that has stretched consumer budgets. With this decline in availability, the MCAI is now at its lowest level since January 2013.”
Appraisal Today
DECEMBER 8, 2023
In Sacramento, Invitation Homes went on a rampage in 2012 and 2013, and purchased more steadily in subsequent years. That’s partly because sale-price data is a lagging indicator, reflecting deals that went under contract a month or two ago. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.80
Appraisal Today
DECEMBER 15, 2023
The American Enterprise Institute (AEI) publishes data tracking the mortgage and appraisal production numbers of both Fannie Mae and Freddie Mac (the GSEs) going back to 2013. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.07 percent the previous week.
Housing Wire
DECEMBER 7, 2020
For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month In 2013/2014, when the economic data was improving, mortgage rates rose.
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