Housing Wire

APRIL 3, 2023

Housing demand grew and inventory levels fell again while mortgage rates rose. Mortgage rates rose to 6.57%. Active inventory fell by 3,141, and new listing data fell again and is still trending at all-time lows. So April will be very telling on the weekly housing inventory with Altos Research.

Inventory 469

Inventory Housing Market Marketing New Listings 469

Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. Active inventory rose by 823 single-family homes and new listing data is trending at all-time lows.

Housing Market 538

Housing Market Marketing Mortgage Inventory 538

Housing Wire

MARCH 12, 2023

Mortgage rates fell even though the jobs report was stronger than anticipated. They reversed their bearish take on bonds, and people started to buy the 10-year yield, causing mortgage rates to fall. As a result, mortgage rates, which climbed as high as 7.05% last week, fell to a low of 6.76% on Friday.

Housing Market 369

Housing Market Mortgage Marketing Inventory 369

Housing Wire

MAY 21, 2023

The 10-year yield rose noticeably, sending mortgage rates near 7% right in the heart of the spring selling season. New listings data fell, however, active inventory grew. Here’s a quick rundown of the last week: Total active listings grew by 3,809 weekly, but new listings are still trending at all-time lows.

Housing Market 477

Housing Market Marketing Inventory New Listings 477

Housing Wire

JUNE 9, 2023

In 2022 it was all about finding a point in time when I thought mortgage rates would fall, which was key to understanding how the purchase application data would react to lower mortgage rates. We have had plenty of times in the previous decade when mortgage rates fell and demand improved, but that was with a lot lower mortgage rates.

Inventory 545

Inventory Housing Market New Listings Mortgage 545

Housing Wire

MAY 14, 2023

The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. This doesn’t appear to be the case for 2023. million.

Housing Market 419

Housing Market Marketing Inventory New Listings 419

Housing Wire

FEBRUARY 27, 2023

The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year. Weekly inventory change (Feb. Weekly inventory change (Feb.

Housing Market 398

Housing Market Marketing Inventory New Listings 398

Housing Wire

MARCH 19, 2023

Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Weekly inventory increased by 1,734. New listing data collapsed, but we are putting an asterisk on that data line for this week.

Housing Market 368

Housing Market Marketing Inventory New Listings 368

Housing Wire

JULY 24, 2023

The trends in this chart show how quickly home buyers reacted to the big mortgage rate jumps in 2022. And, by September if mortgage rates don’t jump, then the year-over-year home price changes will get much easier. You can see why home prices will likely end the year up over 2022 unless mortgage rates spike again.

Inventory 285

Inventory Contracts New Listings Buyers 285

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. Where are all the sellers?

New Listings 59

New Listings Inventory Buyers Sellers 59

Housing Wire

MAY 20, 2022

One of my agents has a client who is making an offer on a house that will probably end up going for over $250,000 over list price and most of what we are seeing is either all cash offers or eliminating contingencies.”. Right now, the market has low inventory and when something good comes on the market there is a flood of activity.”

Housing Market 364

Housing Market Marketing Real Estate Agent Real Estate 364

Lamacchia Realty

OCTOBER 27, 2021

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. The inventory crisis last year caused demand to spike higher than ever by fall into winter, which in turn caused prices to continue to increase significantly.

New Listings 52

New Listings Realty Inventory Buyers 52

Lamacchia Realty

SEPTEMBER 30, 2021

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. The inventory crisis last year caused demand to spike higher than ever, which in turn caused prices to continue to increase significantly. What's Ahead?

New Listings 55

New Listings Real Estate Realty Buyers 55

Lamacchia Realty

OCTOBER 26, 2021

The number of new listings has decreased but so has the number of pending sales, which means that inventory is lingering longer than it has been which is a positive sign for buyers. The historically low mortgage rates we have been seeing during the COVID-19 pandemic are starting to rise and are now up to over 3%.

Inventory 68

Inventory Buyers Sellers Landlords 68

Will Springer Realtor

APRIL 8, 2021

The boost in equity was helped most simply by saving more while in “pandemic hibernation” and from many homeowners refinancing mortgages amid generationally low interest rates. >> To help increase affordable housing inventory, lawmakers are reviewing whether to remove requirements that homeowners must live on-site. There are 2.54

Inventory 36

Inventory New Listings HOA Buyers 36

Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. annualized for May – mortgage rates will remain high. annualized for May – mortgage rates will remain high. for 30-year conventional financing.

Housing Market 36

Housing Market Marketing Inventory HOA 36

Will Springer Realtor

SEPTEMBER 8, 2021

There are no signs of a real estate crisis, particularly in the Puget Sound region, where prices keep rising – up about 20% the past year and 68% in Seattle alone since 2016, by one measure – amid a dearth of inventory and surge of buyers. See the August housing report further below, if you dare!). BY THE NUMBERS. >> Buyers secured 3.8

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

JUNE 8, 2022

Calling upon Fannie Mae, Freddie Mac and other secondary-market mortgage holders to lower the bar to ownership through tax credits, larger deductions on mortgage interest and greater options for down payment assistance can also help. >> Forty-five percent of residential mortgages in the U.S. was $1889. >>

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. NAR’s Housing Affordability Index is a good measure of whether a household earns enough to qualify for a mortgage on a typical home. homes shy of what’s needed today.

Buyers 36

Buyers Development Construction New Listings 36

Will Springer Realtor

AUGUST 9, 2021

The index showed a growing difficulty to afford a home even while household income and mortgage rates improved compared to last year. And, Seattle’s attempt to force building developers to incorporate more affordable homes within their new residential endeavors yielded only 21 units in 2020 out of a swell of 224 construction projects. (An

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

FEBRUARY 9, 2024

Builders are partnering with mortgage lenders to deliver lower interest rates, either through temporary or permanent rate-busting promotions. The number of newly listed homes more than doubled from December and increased moderately compared with the same time last year, according to data from the Northwest Multiple Listing Service (MLS).

Development 36

Development Design Housing Market Real Estate 36