Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. Back then, we had higher sales, higher inventory, and less price growth, but we had a massive credit bubble.

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Inventory Housing Market Mortgage Marketing 539

Housing Wire

MAY 24, 2022

I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. months and above, the builders will pull back on construction. The only way this happens is by higher rates. This is 16.6

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Housing Market Inventory Construction Marketing 390

Housing Wire

AUGUST 23, 2022

So for now, the builders will take their time with the homes under construction and make sure they offer enough incentives to unload the new home supply they’re dealing with. 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

Construction 369

Construction Housing Market Sellers Marketing 369

Housing Wire

AUGUST 3, 2022

We saw this in 2013-2014 and 2018-2019. In 2018, sales trends fell from 5.72 They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. The downside of rates moving up so quickly is that some sellers pull the plug until rates are better. NAR total inventory data.

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Mortgage Inventory Sellers Housing Market 498

Housing Wire

DECEMBER 29, 2022

A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above. Part of the issue is that mortgage rates moved up so fast that many sellers quit this year as well. Housing inventory.

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Housing Market Marketing Inventory Sellers 545

Housing Wire

APRIL 19, 2022

Census Bureau released their report for March, showing a solid number of housing permits and starts — but these were boosted by multifamily construction. At the same time, I welcome the higher mortgage rate story to create balance in the existing home sales market, which is still showing negative year-over-year inventory data.

Mortgage 385

Mortgage Housing Market Construction Marketing 385

Housing Wire

DECEMBER 3, 2020

In 2018, Forbes ranked the city No. months worth of housing inventory, which is the lowest ever, the report from Keller Williams said. They bid $750,000 and again at $775,000, which the seller said would work. New construction continues to take more and more of our market,” Dopp said. Boise, Idaho was the No.

Marketing 531

Marketing Realty Realtors Housing Market 531

Housing Wire

APRIL 27, 2022

Even though multifamily construction has boosted housing starts recently, the slowdown in single-family purchases hasn’t been anything too dramatic yet. The builders have pricing power and they — along with home sellers — have pushed it very hard since 2020. From Census: For Sale Inventory and Months’ Supply: The seasonally?adjusted

Construction 325

Construction Buyers Housing Market Inventory 325

Will Springer Realtor

SEPTEMBER 8, 2021

Builders began construction on just under a million single-family homes in 2020. 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. That’s fair.

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Lamacchia Realty

DECEMBER 28, 2021

The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. Even though the inventory of homes for sale at any given time all year stayed lower than ever, it did not decrease sales overall. 2021 Recap. Yes, you read that correctly, worse. It is a real problem.

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Sellers Inventory Buyers Realtors 74

Eppraisal

SEPTEMBER 24, 2021

These pandemic-related changes interacted with the existing housing inventory shortage, resulting in sharp price increases for both owned homes and rental units." million in 2018." Home Sellers Sellers were hesitant to sell at the beginning of the Covid-19 pandemic. They are witnessing the strong seller's market.

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Marketing Supply Chain Real Estate Construction 28

Will Springer Realtor

MARCH 10, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

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Construction Modernization Buyers Inspection 36

Listing Spark

JANUARY 12, 2023

Home sellers should focus on their local market and pull out all the stops when listing a house. New Construction: Slowing down due to an increase in inventory and a declining market; builders targeting first-time home buyers. ” [0:19:31] Builders Offer Incentives to Move Inventory in Slump Market.

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Real Estate Marketing Home Value Inventory 36

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Will Springer Realtor

DECEMBER 19, 2023

Buyers and sellers tiptoed through caution. We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. A median priced home in King County today runs about $800K, or 32% more than in 2018 and a whopping 111% more than a decade ago.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines. months of inventory available in the county, down from 2.0 in September.

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Inventory Buyers Sellers New Listings 36

Will Springer Realtor

JANUARY 10, 2023

A total of 28,393 homes were sold in King County in 2022 (excluding new construction sales). Those experts also believe home sales (excluding new construction) should fall about 10% YoY in King County unless mortgage rates slide below 6% and job certainty solidifies – two factors that would help boost activity. months in November.

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Housing Market Marketing Inventory Real Estate 36

Houston Properties

JANUARY 12, 2022

Why We're Fearful: Buyer & Seller Mistakes. Why We’re Fearful: Buyer & Seller Mistakes. "A The buying frenzy and low inventory we saw last year and will continue to see for better parts of this year may push buyers (specially if driven by bad advice from an unseasoned Realtor) to make bad decisions.

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Real Estate Marketing Real Estate Agent Realtors 36

Houston Properties

JULY 22, 2022

New constructions are not as frequent as in neighboring West U. The Southgate Houston market in real estate is a bustling market for sellers, with 1 to 2 homes sold per month in its often low inventory. – 2018: #5 Individual Agent, Keller Williams, Worldwide. – 2018: Texas’ Most Influential Realtors.

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Will Springer Realtor

AUGUST 9, 2021

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. Developers opted to pay fees to the city totaling $68M instead, funds that help construct affordable homes in other parts of the city.

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Construction Inventory Property Taxes Development 36

Will Springer Realtor

APRIL 11, 2022

Parking stalls in the Puget Sound region increased by 13% from 2013 to 2018, while the population increased by 9% and housing rose by only 6%, according to local data sources. This year’s buying and selling campaign will be marked by increasing inventory (good!), overall, where housing inventory rose 2.4% BY THE NUMBERS. >>

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Houston Properties

JANUARY 13, 2021

Avoid 9 Costly Mistakes Sellers Make. We also believe these trends will create limited appreciation for inner loop neighborhoods known for small lots, choppy floor plans, with lots of construction from the 1990’s – 2010, especially zoned to not-top-ranked schools. 2020 ended favoring sellers. Do You Want To Buy A Home Now?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Will Springer Realtor

JUNE 9, 2021

Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. million people work in residential construction, or about 2.8% Is this the beginning of a housing bubble, 2021-style? “I million for sale today.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

MARCH 11, 2024

This includes diligent inquiries into the current insurance and utility expenses from sellers, alongside documenting the age and expected lifespan of crucial home components, from plumbing and electrical systems to major appliances and roofs. Prospective home sellers are smart people. ELECTION YEAR EFFECT?

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Insurance Sellers Real Estate Buyers 36

Will Springer Realtor

OCTOBER 8, 2021

To be sure, the market is still leaning heavily in the sellers’ favor and listings are slimmer than a strand of spaghetti. Construction could start as soon as 2022 on an ambitious three-tower project known as Cloudvue. Inventories improved fractionally. months of inventory across all homes in King County, up from 0.6

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

JUNE 8, 2022

They include shortages caused by restrictive zoning that limit the number and type of housing units built on a given parcel, a “not in my backyard” resistance to new construction in traditionally single-family-home neighborhoods, and layers of regulations, processes and fees that dissuade developers from building in certain areas.

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Design Construction Development Property Taxes 36

Will Springer Realtor

MAY 12, 2021

That’s 52% higher than 2018, when Freddie first began looking at housing shortages. Now, home builders would need to construct as many as 1.2 This was the fastest pace for combined single-family and multi-family construction since June 2006. >> NAHB reported an estimated 15% of all new-construction home sales in the U.S.

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Real Estate Inventory Buyers Construction 36

Will Springer Realtor

AUGUST 9, 2022

An independent estimate from 2018 claims roughly 40% of the nation is in a flood-risk area. Inventories are on the rise, so much so that one area is now considered a buyer’s market. The bright spots include increasing inventory and falling prices across most of the region. Inventory levels are mounting in King, now at 1.9

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Inventory Buyers New Listings Construction 36

Will Springer Realtor

MARCH 14, 2022

Without their spirit to rebuild, our thinning housing inventory would be more dire than it is today. Soaring costs of labor and construction materials is certainly contributing to the rising figure but there is evidence of a sharp increase in home improvements since the start of the pandemic. Condo inventory is not much better.

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Housing Market Marketing Real Estate Supply Chain 36

Will Springer Realtor

JULY 9, 2021

I am often asked by sellers what home projects should they address to get the highest return on investment. It is truly the epitome of a sellers’ market and experts I hear from are saying, basically, get used to it. Inventory across our area remains extremely low. THE ROI OF HOME RENOVATION. Looking for selection? LUXURY LIVING.

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Buyers Development Transportation Inventory 36

Will Springer Realtor

APRIL 8, 2021

. >> Counting both the demand for single-family and multi-family housing needed to meet current needs (plus factoring in demolished or lost housing), NAR projects we have a backlog in construction of 3.2 Total inventory (including single-family and townhomes, condos and manufactured homes) shrank in King County to 0.6

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