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“It seems impossible:” Bergen County, NJ’s housing market is vexing agents and buyers

Housing Wire

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At as of March 6, 2024.

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The Cleveland Area Housing Market Was Skating Along… And Then This Happened

Cleveland Appraisal Blog

We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. How have the rapidly increasing mortgage interest rates impacted the housing market in Northeast Ohio?

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September single-family housing starts reached highest level since 2007

Housing Wire

In contrast, multifamily starts fell 16.4%, to one of the slowest monthly paces since 2013, not including this past April.” Builders are gearing up for an even faster pace in the months ahead, which is welcome news for households wanting to buy a new home,” Fratantoni said. . “The former rose 8.5%

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The silver lining in the existing home sales report

Housing Wire

Earlier in the year, I labeled this a savagely unhealthy housing market based on the premise that Inventory would break to all-time lows, creating forced bidding and causing days on the market to collapse. My premise in the summer of 2020 was that a 10-year yield above 1.94% could change the housing market.

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Buyers are overpaying, but are there signs of a bubble?

Housing Wire

year-over-year to $336,200 in February – the largest increase since July 2013, according to the latest report from Redfin. It seems like the only move-up buyers who are confident enough to list their homes are those who are relocating to a more affordable area where they’ll have an edge on the local competition.”

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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

While that may seem like a silly question to ask – especially from a residential real estate pro whose business relies on the purchase and sale of homes – it’s something I have been studying, with some eye-opening findings. Real estate pros – some of the most optimistic bunch in any industry – acknowledge this is a housing dilemma.

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