Remove 2014 Remove Contracts Remove Inventory Remove Sellers
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Spring forecast: More inventory and rising home sales

Housing Wire

At the same time, seller volume dried up. But now sellers are coming back into the market. Total available inventory is gradually climbing about 1% per week — last year it was still declining in April. As we roll into the second quarter, we should have accelerating inventory growth each week.

Inventory 457
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Experts optimistic about home sales in 2021

Housing Wire

However, contract signings rose 21.4% Realtor.com’s Housing Market Recovery Index showed significant contract growth, specifically in Portland, Las Vegas, Denver, Los Angeles, and Boston. in November compared with 12 months ago, according to CoreLogic ‘s Case-Shiller index – the largest increase since May 2014.

Contracts 529
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Pending home sales shock 2021 housing crash bears

Housing Wire

From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% An index of 100 is equal to the level of contract activity in 2001.” When inventory rises and more supply is on the market, this means demand is fading.

Inventory 527
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Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. However, in many areas of the country it does remain a seller’s market. The last high among all-cash buyers was seen at 35% in 2014.

Realtors 377
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The new home sales recession continues

Housing Wire

The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4 We had missed sales estimates in 2013, 2014 and 2015. Tuesday’s new home sales report shows only 511,000 new homes sold. months and above.

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2023 Maine Year in Review

Lamacchia Realty

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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Are Buyers In The Driver’s Seat Now?

Birmingham Appraisal

If they didn’t lose out on a contract for the home of their dreams they had to bid the price up way over the list price to even get the attention of sellers who have had an edge in the market since interest rates dropped after the COVID pandemic. Months of Inventory/Active Listings – The months of inventory is on the rise.

Buyers 90