Listing Spark

SEPTEMBER 25, 2023

Fewer New Listings The number of new listings hitting the markets has continued to fall, mainly because a substantial segment of the market that was both buying and selling has essentially disappeared. The Rise of New Construction Homes New construction is stepping up to fill the void in the market.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

GoForrmz

OCTOBER 26, 2022

In 2021 , we saw houses receive multiple offers and sell for thousands of dollars over asking price within hours. Whether you’re searching for forms for construction , property management, home services, buying, or selling, we’re here to help. We at GoFormz are dedicated to making your life easier.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

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). The county saw a 4.9%

Sellers 60

Sellers Buyers New Listings Inventory 60

Will Springer Realtor

SEPTEMBER 12, 2023

fewer new listings, the rate of sales rose 1.7% Two data points stood out from the latest report by the Northwest Multiple Listing Service: The aforementioned new listings for all homes in the county – 2684 – is at a low not seen for an August since records were shared with brokers (like me) dating back to the mid-1990s.

Finance 68

Finance Inventory Construction Buyers 68

Berkshire Hathaway

MAY 5, 2021

Relative to what we saw in 2017 to 2019, March 2021 was still roughly 117,000 new listings lower, adding to the pre-existing early-year gap of more than 200,000 fresh listings that would typically have come to market in January or February.

Housing Market 41

Housing Market Marketing Sellers Buyers 41

Listing Spark

JANUARY 12, 2023

Sales were down 25% in Austin, Texas compared to 2021, and values are likely to continue decreasing in 2023. 2022 Market Trends: Decrease in sales, values, and new listings in Austin, TX; median home value up 9.9% In Austin, Texas, sales were down 25% in 2022 compared to 2021. Episode Overview. Episode Highlights.

Real Estate 36

Real Estate Marketing Home Value Inventory 36

Housing Wire

JANUARY 1, 2024

If I am wrong and mortgage rates go lower for longer and we don’t get more new listings in 2024, then home prices can grow faster in 2024 because we will have the same issue as before: too many people chasing too few homes. We haven’t had new listings data break over 90,000 in the peak seasons of 2021, 2022 or 2023.

Housing Market 525

Housing Market Marketing New Listings Construction 525

Will Springer Realtor

JANUARY 10, 2023

The number of new listings for all home types – single-family, townhomes and condos combined – in King (887) fell 47% from November and declined 36% from December 2021. The bar is so low on listings and sales data that one might trip over it. That is the lowest annual figure since 2012 (27,601), according to MLS data.

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

Listing Spark

MARCH 9, 2023

This comes largely as a result of a steeper run up in prices in 2021. Compared to 2021’s extremely low months supply of inventory of 0.6 2021 was a meteoric run up in home values, market activity, and consumer confidence. Compared to 2021’s extremely low months supply of inventory of 0.6 Months in 2021 to 2.6

Real Estate 36

Real Estate Marketing Inventory Sellers 36

McKissock

MAY 9, 2021

Industry News. “New-home construction is an appealing option for many buyers, particularly those who have grown tired of being outbid in multiple offer situations. Policy News. NAR Advances 2021 REALTOR Policy Priorities. Read the full article here. 4 Essential Steps for Winning With Buyers and Builders.

Real Estate Agent 52

Real Estate Agent Real Estate Agents Buyers 52

Will Springer Realtor

DECEMBER 11, 2022

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. Eastside prices are now running in negative territory year-on-year (YoY), including down 7.8%

Inventory 36

Inventory Construction Supply Chain Buyers 36

Housing Wire

JUNE 18, 2023

Active housing inventory grew while new listing data fell. New listings data is another big story with housing inventory. Since the second half of 2022, it has been trending at all-time lows This trend has continued all year long, so we have limited new housing to work with.

Housing Market 469

Housing Market Marketing Inventory New Listings 469

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

Inventory 446

Inventory Construction Housing Market Mortgage 446

Will Springer Realtor

JUNE 13, 2023

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. Interestingly, a higher proportion of home sales are now coming from new construction. In March, 33% of homes listed for sale in the U.S.

Buyers 36

Buyers Inventory Construction Finance 36

Housing Wire

JANUARY 5, 2023

Price growth was unhealthy in 2021, and it was savagely unhealthy in the first few months of 2022. In 2021, my bond forecast range was 0.62%-1.94%, and we reached a high of around 1.76% that year. However, weeks after that call, the new listing data started to decline noticeably, which makes that call much harder to happen in 2023.

Housing Market 539

Housing Market Marketing Inventory New Listings 539

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.

Design 36

Design Construction Development Property Taxes 36

Listing Spark

FEBRUARY 7, 2024

trillion in 2021. 5) New construction in Texas surged in 2023 Three major Texas metro areas made the top 10 list of highest new home construction rates in the nation. We will see an increase in foreclosure and short sales but only for the segment of homeowners that purchased between 2021 and 2022.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Housing Wire

JUNE 16, 2021

Another month of steadily increasing home prices and insatiable demand led Fannie Mae ‘s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures. Existing home sales pulled back in April by 2.7%

Housing Market 488

Housing Market Development New Listings Marketing 488

Will Springer Realtor

APRIL 11, 2023

Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.”  Pending sales are one of our favorite housing market data points – along with the number of mortgage applications and new listings – to track buyer intent and market intensity.

Housing Market 36

Housing Market Marketing Buyers Sellers 36

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.

Construction 36

Construction Supply Chain Real Estate Development 36

Housing Wire

JULY 20, 2021

This has dampened new home sales and quickened home-price growth.” ” Mark Palim, deputy chief economist at Fannie Mae , said anecdotal reports of builders delaying or turning down orders to clear a growing construction backlog appears to be borne out by the recent housing starts data. percent,” Palim said Tuesday.

Housing Market 493

Housing Market Marketing Inventory Construction 493

Will Springer Realtor

JUNE 9, 2021

Is this the beginning of a housing bubble, 2021-style? “I One survey estimated Americans’ personal savings increased 15% in a year (April 2021), down from a high mark of 28% a month earlier. million people work in residential construction, or about 2.8% The problem is very real here in our region. >> About 4.4

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

JANUARY 11, 2023

The number of new listings for all home types – single-family, townhomes and condos combined – in King (887) fell 47% from November and declined 36% from December 2021. The construction crane was recently removed from the 8 th Avenue and Columbia Street location and interiors are being filled out with high-quality finishes.

Housing Market 36

Housing Market Contracts Architecture Buyers 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 BY THE NUMBERS. >> The average size of a newly constructed single-family home is now 2524 sq.

Architecture 36

Architecture Design Buyers Construction 36

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 The Fed just announced they are not raising rates so we should continue to see favorable interest rates in to 2021. Here is a list of some of the companies moving to Texas. San Antonio.

Real Estate 36

Real Estate Marketing Inventory Modernization 36

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.

Construction 36

Construction Inventory Property Taxes Development 36

Housing Wire

FEBRUARY 25, 2021

And even with another month-to-month drop, pending home sales were 13% higher in January 2021 than they were in January 2020. There will also be a natural seasonal upswing in inventory in spring and summer after few new listings during the winter months,” Yun said. million in 2021, which would be a 15% increase over the 5.64

Supply Chain 399

Supply Chain Inventory Housing Market Contracts 399

Housing Wire

JULY 25, 2022

Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”. in 2021, Freddie Mac reports. trillion in 2021,” the agency’s quarterly forecast states. Supply chain disruptions and cost inflation moderated somewhat for new homes.

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Will Springer Realtor

AUGUST 9, 2022

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. in Q1 of 2021 and is the highest rate of home flipping in the 21 st century. CONDO NEWS. of all U.S. That’s up from 4.9% AUGUST HOUSING UPDATE.

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

MAY 9, 2023

Whether it was cutting red tape and construction costs or ensuring our cities allow more affordable options near transit and jobs, these bills, working together, mean more homes, at more affordable prices, in communities all across our state.” The home was constructed for olive-oil importer John Vittucci. This 5-bed, 4-bath , 6500 sq.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Housing Wire

JUNE 21, 2021

“I never know how my day is going to go, because when a new listing comes on the market in Knoxville, the race is on. ” On the construction side, builders throughout the country are struggling to keep up with demand, as lumber and building material prices remain high. It’s like a horse race.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Housing Wire

NOVEMBER 28, 2022

The downturn in the LEI reflects consumers’ worsening outlook amid high inflation and rising interest rates, as well as declining prospects for housing construction and manufacturing. In addition, we have a lot of two-unit construction built, which will bring more supply online. NAR total inventory data: 1,220,000 listings.

Transportation 531

Transportation Construction Housing Market Mortgage 531

Will Springer Realtor

OCTOBER 8, 2021

This newsletter started 2021 raving about the explosive growth across the Eastside and there is no sign of a letup. Construction could start as soon as 2022 on an ambitious three-tower project known as Cloudvue. New listings are up 6.3% Condo sales are in a similar boat, with new listings higher – by 4.3%

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

OCTOBER 11, 2022

Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. New listings and housing supply are on the rise as buyer activity took a dive in September, based on the latest assessment of data from the Northwest Multiple Listing Service. List: $2.9M ($853/sq.

Housing Market 36

Housing Market Marketing Buyers Real Estate 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 million new homes as of the start of this year. Month-to-month or 2021 vs. 2019 comparisons are the best options.).

Inventory 36

Inventory New Listings HOA Buyers 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.

Law 36

Law Development Design Government 36

Will Springer Realtor

JULY 9, 2021

For the first quarter of 2021, Pierce County led the way in single-family permit activity, with 1,173, reflecting a 61% increase of the previous year’s quarter. million households secured home mortgages in Q1 of 2021, a 14-year high for one quarter, according to ATTOM Data Solutions. >> A whopping 3.8 They now account for 6.7%

Buyers 36

Buyers Development Transportation Inventory 36