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Existing home sales data shows extent of housing inflation

Housing Wire

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 Existing home sales have more legs to go lower, especially now that new listing data is falling. I am a big fan of inventory to 2019 levels. From NAR Research : “Total existing-home sales notched a minor contraction of 0.4%

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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

“There is a strong desire for homeownership across this country, but the lack of supply is preventing too many Americans from achieving that dream,” said Lawrence Yun, chief economist for the National Association of Realtors® (NAR). Housing affordability decreased in 45 of the 50 states from 2012 to 2019. percentage points.

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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

also the oldest age of a first-timer ever recorded by the National Association of Realtors® (NAR). The price of new construction has jumped, too; the National Association of Home Builders estimates costs have risen about 35% since 2019. Tickets Tour Modern Homes, Sept. Pittsburgh).

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Signs of Inflation Expand Well Beyond Housing Prices

Will Springer Realtor

were putting down $24,500 in the most recent survey, up a whopping 82% from Q4 2019 ($13,441). home was $313,000 through February, a sharp 16% higher from a year ago, according to the National Association of Realtors® (NAR). Month-to-month or 2021 vs. 2019 comparisons are the best options.). Buyers in the U.S. housing markets.

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FINDING THE KEY TO UNLOCK ‘STUCK’ HOMEOWNERSHIP RATE

Will Springer Realtor

The pandemic has made attaining ownership more difficult, particularly in housing-starved Seattle (pictured) and across King County where the number of homes on the market (Active listings) has trended lower for most of the past decade-plus. With scarcity comes price appreciation. What is the answer? What happens then? months, Pierce at 0.8

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IS THE HOUSING MARKET HEADED FOR A CRASH?

Will Springer Realtor

>> The National Association of Realtors® revised its economic forecasts for 2021 – and things are looking up. Among other revised national forecasts from NAR: New-home sales will rise 20%. The average King County single-family listing sold in May 9.5% Within a day of being listed this May at $7.2M ($1592/sq.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

” Bough presided over a trial last year that ended in a $1.8B (yes, with a “B”) verdict against the National Association of Realtors® (NAR). >> The number of people working in downtown Seattle offices is about 52% of the daily foot traffic seen in 2019 – a year before the start of the pandemic.

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