Housing Wire

JANUARY 29, 2021

drop in November , according to a report from the National Association of Realtors. from December 2019, with all regions (Northeast, Midwest, South, West) reaching double-digit year-over-year increases. pending home sales dipped to the tune of 0.3% in December following a 2.6% However, contract signings rose 21.4%

Contracts 529

Contracts Real Estate Housing Market Technology 529

Housing Wire

JULY 20, 2021

Mortgage applications for new home purchases in June decreased 3% from May and 23.8% year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. In 2018-2019, total housing market inventory was in the range between 1.52 in May and a peak of 74.1%

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Housing Market Marketing Inventory Construction 493

Housing Wire

NOVEMBER 16, 2020

According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. That’s even with home prices jumping to an average of $226,000 in September – an 18% jump from September 2019.

Housing Market 408

Housing Market Real Estate Agent Marketing Real Estate 408

Housing Wire

FEBRUARY 19, 2021

Lawrence Yun, chief economist for the National Association of Realtors , said last month that he expected momentum to carry over from the end of 2020. from 2019 and the most since before the Great Recession. million in 2021 – even with mortgage rates likely to inch higher due to the rising budget deficit and higher inflation.

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Inventory Sellers Real Estate Buyers 542

Housing Wire

OCTOBER 21, 2022

On Thursday the National Association of Realtors reported that we had a 23.8% With such massive home-price growth in 2020 and 2021 breaking my affordability model, I knew we were at high risk of a more significant sales decline than usual if the 10-year yield broke over 1.94%, which meant 4% + mortgage rates. However, going from 2.5%

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Housing Market Inventory New Listings Mortgage 283

Housing Wire

JULY 24, 2023

Last week the National Association of Realtors (NAR) reported that existing home sales declined in June to an annual rate of 4.2 The trends in this chart show how quickly home buyers reacted to the big mortgage rate jumps in 2022. You can see why home prices will likely end the year up over 2022 unless mortgage rates spike again.

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Inventory Contracts New Listings Buyers 285

Cleveland Appraisal Blog

JANUARY 5, 2023

How have the rapidly increasing mortgage interest rates impacted the housing market in Northeast Ohio? In November 2019 the percentage was around 20% and in November 2017 and 2018, it was around 17%. We are still experiencing price appreciation despite the rapidly increasing mortgage interest rates. Let’s talk about it.

Housing Market 369

Housing Market Marketing Appraisal Inventory 369

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. 2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. Miami-Dade & Palm Beach Counties. What's Ahead?

New Listings 55

New Listings Real Estate Realty Buyers 55

Empire Appraisal Group

JANUARY 4, 2023

Florida Realtors. NEW YORK – The U.S. Demand has plummeted as mortgage rates hit a two-decade high, but prices haven’t declined much in part because supply remains correspondingly low. The metric had already been declining consistently for a decade through 2019, but the pandemic brought it to unthinkable lows.

Inventory 78

Inventory Open Houses Sellers Real Estate 78

Lamacchia Realty

DECEMBER 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. 2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. Mortgage rates are still on the rise, climbing to just over 3%.

New Listings 41

New Listings Buyers Realty Inventory 41

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. 2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. Data provided by Florida Realtors® SunStats. Additional Resources.

New Listings 52

New Listings Realty Inventory Buyers 52

Lamacchia Realty

JANUARY 24, 2022

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. 2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. Data provided by Florida Realtors® SunStats. Broward County.

New Listings 49

New Listings Inventory Buyers Realty 49

Will Springer Realtor

APRIL 9, 2024

For housing and mortgage professionals, however, these apparent highlights are persistent nuisances. New listings (+17%), available homes at the start of April (+5.0%) and listings going under contract – also known as Pending sales – (+24%) were solidly higher when comparing month to month. above the list price.

Marketing 60

Marketing Inventory Buyers Sellers 60

Lamacchia Realty

AUGUST 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. 2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. Data provided by Florida Realtors® SunStats. Additional Resources.

New Listings 45

New Listings Buyers Realty Real Estate 45

Cornerstone

OCTOBER 5, 2021

As a recent Realtors Confidence Index published by the National Association of REALTORS® (NAR) shows, homes are still selling at a rapid pace — staying on the market for an average of only 17 days. This is excellent news if you’re a seller. Fall in love with your new mortgage. percent, rising to 3.8

Sellers 53

Sellers Loan Officers Inventory New Listings 53

Lamacchia Realty

NOVEMBER 26, 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. 2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. Data provided by Florida Realtors® SunStats. Additional Resources.

Realty 52

Realty Buyers Inventory New Listings 52

Lamacchia Realty

JANUARY 27, 2023

The 2022 Connecticut Year in Review Housing Report breaks down sales, new listings, new pending sales, active inventory, and average price compared to the 2021 market and analyzes what the data means for the current housing market and beyond. Sales Down 18.8% and Prices Up by 5.9% overall from 53,369 to 43, 345 in 2022.

Inventory 52

Inventory Sellers Buyers Real Estate 52

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% Another sign of the times: fewer mortgage applications. While there were 5.8% There are 7.4%

Finance 68

Finance Inventory Construction Buyers 68

Listing Spark

SEPTEMBER 25, 2023

A Dip in New Mortgages With interest rates soaring to unexpected heights, many prospective homebuyers have taken a step back from applying for new mortgages. Texas Mortgage Rates Going Forward Looking at the information shared above, it’s clear that we’ve been through quite a ride in the housing market.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Lamacchia Realty

JULY 26, 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. That is part of the reason that we go back to 2019, so that we can get a better comparison. Data provided by Florida Realtors® SunStats. Additional Resources.

Buyers 36

Buyers Sellers New Listings Realty 36

Will Springer Realtor

JUNE 8, 2022

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? asks Maxim Lissak, a Bellevue, Wash.,

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Design Construction Development Property Taxes 36

Will Springer Realtor

JUNE 9, 2021

Adjustable-rate mortgages were cheap and easy to acquire, home prices were artificially inflated and supply plentiful. The Federal Reserve is supporting the purchase of mortgage-backed securities as well as helping to sustain low interest rates for mortgages. Then the housing bubble burst. range won’t last forever.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

APRIL 8, 2021

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). of all mortgages in the country. Buyers in the U.S. The median down payment represents 7.7% There are 2.54

Inventory 36

Inventory New Listings HOA Buyers 36

Will Springer Realtor

AUGUST 9, 2021

“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.

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

FEBRUARY 9, 2022

“That’s a triple whammy hitting potential homebuyers,” notes Len Kiefer, deputy chief economist at Freddie Mac, which buys many of our mortgage loans from lenders. People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. The new fees will take effect on April 1. “As

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

JULY 8, 2022

This, coupled with a significant portion of homeowners standing pat with mortgages at or below 4% interest (and other factors) is causing the market to lose steam. Home shoppers often focus on the direction of mortgage interest rates, which have jumped more than two percentage points this year alone to a range of 5.75%-6.0%

Housing Market 36

Housing Market Marketing Inventory HOA 36

Will Springer Realtor

AUGUST 11, 2023

also the oldest age of a first-timer ever recorded by the National Association of Realtors® (NAR). NAR’s Housing Affordability Index is a good measure of whether a household earns enough to qualify for a mortgage on a typical home. None of the Seattle-area counties were on the list. >> >> Bellevue is rated No.

Buyers 36

Buyers Development Construction New Listings 36

Will Springer Realtor

MAY 13, 2024

” 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.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

MAY 9, 2022

Between 2011 and 2019, the median household income in our area increased by about 34% but housing prices jumped 78%. Microsoft has committed $750M since 2019 to help support the creation of more affordable homes in Seattle metro. How can the system handle skyrocketing home prices, mortgage rates and rental prices simultaneously?

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

SEPTEMBER 8, 2021

It’s particularly true among homes priced at or below $500,000 in King County, where only 737 of those properties sold in August (36% fewer than in August 2019). The good news comes from major national builders who have shared their forecasts for growth in the coming years. in the last 12 months. BY THE NUMBERS. >> Buyers secured 3.8

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

SEPTEMBER 12, 2023

It has been discussed in this newsletter the sharp decline in Seattle office occupancy; most recent stats show weekday worker foot traffic in downtown at 55% of July 2019 traffic, a figure that will likely increase – but by how much more? New owners here spend an average of $232.5K fewer new listings, the number of sales rose 1.7%

Sellers 36

Sellers Development Retail Real Estate 36

Will Springer Realtor

JULY 9, 2021

“We envision a country where no matter where you live, or who you are, you can enjoy living in a place that is healthy, prosperous and resilient,” Calvin Gladney, CEO of Smart Growth America, told a group of Realtors® in D.C. Hispanic households fare better with 32% of this segment being able to afford the mid-priced new home.

Buyers 36

Buyers Development Transportation Inventory 36

Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. of mortgages underwater); Multnomah County (Portland), Ore. points at 34.

Real Estate 36

Real Estate Inventory Buyers Construction 36