Housing Wire

JANUARY 20, 2021

fell to a four-month low in January as builders expressed concerns about higher house prices, COVID-related supply chain issues and construction costs. Builder confidence in single-family homes dropped to 83 in January from 86 in December, according to the National Association of Home Builders and Wells Fargo Housing Market Index.

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Housing Wire

SEPTEMBER 20, 2021

Fannie Mae dropped its projected origination volume for 2021 to $4.33 GDP growth rate for 2021, while July had a 7.0% According to Fannie, the slimming in projections by the Economic and Strategic Research (ESR) Group are a result of supply chain disruptions and labor market tightness, which “impede the housing market.”.

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Housing Wire

FEBRUARY 24, 2023

months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6 When we look at active listings today, we are still at 980,000, near all-time lows, even with the recent massive hit to demand. To get more inventory you need more Americans to list their homes. When supply is 4.3

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Housing Wire

JULY 7, 2022

It was no surprise that affordability hit the top of the list in every interview. Black Knight reported that May was the least affordable housing market in 16 years. For the first time in three years, we have seen an increase in homes on the market and price reductions. Slow construction and restrictive zoning laws.

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Housing Wire

FEBRUARY 25, 2021

Despite the decline, many industry observers see big potential for the housing market in the year ahead. It’s no secret that low mortgage rates and societal shifts brought on by COVID-19 have collided to form a red-hot housing market. million in 2021, which would be a 15% increase over the 5.64

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Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. housing market now. That’s frankly surprising given how cold the housing market froze last fall. There are no signs of any surge in listings, and as a result we’ve seen a floor on home prices.

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Berkshire Hathaway

MAY 5, 2021

Low inventory in the housing market isn’t new, but it is becoming a lot harder to navigate. Danielle Hale, Chief Economist at realtor.com , explains: “ The housing market is still relatively under supplied , and buyers can’t buy what’s not for sale.

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Housing Wire

NOVEMBER 28, 2022

housing market went into recession in June of this year, which I talked about a few months ago on CNBC. New and existing home sales are falling, along with housing permits and starts, as we have too many new homes for the builders to issue new permits. NAR total inventory data: 1,220,000 listings.

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Will Springer Realtor

JANUARY 10, 2023

This marks the introduction of a new feature. Each month, this blog will publish a fresh assessment of the King County area housing market. A patch of foul weather and persistent economic challenges chilled an already cold housing market. The bar is so low on listings and sales data that one might trip over it.

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Will Springer Realtor

APRIL 11, 2023

“After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

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Raleigh Realty

JULY 12, 2022

A healthy housing market indicates a healthy national economy. It’s no secret Raleigh is an up-and-coming city, but how’s the local real estate market doing? in the fall 2021 semester and by 3.4 of occupied housing in Raleigh is owner-occupied and 48.5 for homebuilding prospects Rated number two in the U.S.

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Real Estate Supply Chain Construction Home Value 78

Will Springer Realtor

JUNE 9, 2021

Is this the beginning of a housing bubble, 2021-style? “I I find it difficult to say we’re not in a housing bubble, but I [also] find it difficult to say home prices are going to crash,” says Ali Wolf, chief economist at real estate consultancy Zonda, as quoted by realtor.com. million single-family homes shy of demand.

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Will Springer Realtor

SEPTEMBER 8, 2021

The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. And many of the new projects are larger than in years past. Not “ Will the housing market crash?”

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Construction Inventory Buyers Real Estate 36

Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. housing market is experiencing a price “correction,” defined as a 10% price drop from its most recent peak. OCTOBER HOUSING UPDATE. That’s the first time a Fed official has acknowledged the U.S.

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Listing Spark

SEPTEMBER 25, 2023

While many thought it’d spell bad news, the total meltdown hasn’t happened. The 5 most notable changes to the Texas Housing Market To really understand how these rising rates have changed things, we need to look at the big shifts in the housing market. At least, not yet.

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GoForrmz

OCTOBER 26, 2022

Get ahead with real estate automation The real estate market has seen a lot of unusual trends in the past couple years, and it’s no surprise things have been pretty weird. In 2021 , we saw houses receive multiple offers and sell for thousands of dollars over asking price within hours.

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Will Springer Realtor

SEPTEMBER 12, 2023

There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days. 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% homes in 2021, for comparison.

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Will Springer Realtor

AUGUST 15, 2023

The season has been shaped by slumping new listings, a slowly climbing number of homes sitting on the market from previous months, fewer closed sales compared to last year and prices moving plus/minus five percentage points year-on-year (YoY). monthly decline in available Seattle listings (793). on the Eastside.

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Listing Spark

MARCH 9, 2023

In this blog post, we’ll take a closer look at Texas’ real estate market activity — exploring recent developments, analyzing short-term trends, and making predictions about what we might expect. This comes largely as a result of a steeper run up in prices in 2021. Dallas was less affected than Austin by the slowing market.

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Will Springer Realtor

JUNE 13, 2023

It’s the bacon and eggs of the housing market – two staples that are often linked to one another. Today’s YoY declines underscore just how far the market has shifted from 2021 and 2022. Supply of resale housing (as opposed to new construction) is shrinking across our region. in Seattle. There are 1.3

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Will Springer Realtor

JANUARY 11, 2023

A patch of foul weather and persistent economic challenges chilled an already cold housing market. The Northwest MLS monthly housing report described it best: “December ends with a ‘whimper’”. CONDO NEWS. Here are some that were touted in this newsletter within the last year – and are still on the market today.

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Housing Market Contracts Architecture Buyers 36

Will Springer Realtor

DECEMBER 11, 2022

Some might argue the cold is emanating from the near-frigid Q4 real estate market, knocking the bloom straight off the housing-market rose in our region. for single-family homes ($1.316M), astounding after YoY prices were up 35% in the 12 months ending November 2021. Prices declined 5.4% in King ($468K), 6.3%

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Listing Spark

FEBRUARY 7, 2024

The market froze as a result of buyer fear and an already strained affordability issue. trillion in 2021. Buyers had lost confidence in the direction of the market and wanted to wait and see how things would shake out with the FED’s potential rate cuts in 2024. National mortgage originations closed the year at less than $1.5

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Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

MAY 9, 2022

just as Google opens another office building in Kirkland and Microsoft expands its 120-structure Redmond campus with plans for 17 new office buildings. All this tech construction gives new meaning to IT architecture! “A DID SOMEBODY SAY, ‘HOUSING BUBBLE?’. Are we in a housing bubble? housing market is unrealistic.

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Will Springer Realtor

JULY 13, 2023

Our urban area accounts for about half of the city’s economic activity, and the Seattle Chamber noted that rising office vacancies coupled with less construction could lead to $2B in decreased revenue. We certainly see that in all forms of residential real estate – from new construction to finding items for the home.

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Listing Spark

DECEMBER 23, 2020

Median Sales Price: $270,000 (up 12%) Closed Sales: 9,660 (up 28.1%) Active Listings: 29,948 (down 27% from this time last year) 2.2 In my 50 years in the real estate business, I have never seen a market defy supply and seasonality the way Houston has – amid a pandemic, no less,” said HAR Chairman John Nugent with RE/MAX Space Center.

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Will Springer Realtor

OCTOBER 8, 2021

Here’s how topsy-turvy our housing market has been this past year-plus. Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. The market may go into a brief lull – as it does during this quarter and into early next year. EASTSIDE GROWTH.

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Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. New home builders will benefit from a greater share of the overall sales market.

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Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

MAY 9, 2023

years, according to recent data, when it was only about five years just before the housing market crash of 2007. Washingtonians won this session,” said Dan Bertolet, Director of the Housing and Urbanism program for Sightline Institute, a Pacific Northwest regional think tank. They include Nexus , The Emerald , KODA and Spire.

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Will Springer Realtor

AUGUST 9, 2022

What is true is that every time we lean in and face the headwinds of economic weakness the housing market is a welcome refuge.As That’s the conclusion of a 2021 report from the Research Institute for Housing America, which signaled added “stress” on housing and housing finance industries in determining risk.

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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

OCTOBER 11, 2023

Suburban residents can be almost assured of the peaceful enjoyment of their home without worrying about a neighbor constructing a rollercoaster or baseball stadium next door. >> A full 19,396 apartment units are under construction in Seattle metro, according to a Q2 report from Berkadia, a U.S. . = Zoning laws in the U.S.

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Will Springer Realtor

APRIL 8, 2021

housing markets. The national median family income rose just 4% from 2019 to 2020, according to the Department of Housing and Urban Development, while most home prices are jumping each year by 10% or more. . >> million new homes as of the start of this year. MARCH HOUSING UPDATE. San Jose, Calif.,

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Will Springer Realtor

DECEMBER 12, 2023

I wrote in this newsletter 12 months ago about the bumpy – maybe even bruising – housing market of 2022 across Puget Sound and most of the country. Ready to complete another year, the residential real estate market has not improved – some might say it got a little worse. To a happy 2024! = San Jose, Calif., came in second. >>

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Will Springer Realtor

JULY 9, 2021

The National Association of Realtors® recently announced a new partnership with the LGBTQ+ Real Estate Alliance, a nonprofit that promotes homeownership and advocates for greater equality in housing. million households secured home mortgages in Q1 of 2021, a 14-year high for one quarter, according to ATTOM Data Solutions.

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Will Springer Realtor

MAY 12, 2021

Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.

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