Housing Wire

AUGUST 14, 2023

Now, that extra little boost of demand seems to be gone from the housing market. See how the tan line of 2021 peaked right about on the same curve we’re seeing this year? We measure the housing market. The median price of all the homes that went into contract this week is $371,483.

Housing Market 345

Housing Market Inventory Marketing Buyers 345

Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. The Federal Reserve wanted a housing reset , and it got a housing recession, with activity falling the fastest since the brief pause during COVID-19. During that period, we saw new listing data decline. months in Nov.

Inventory 536

Inventory Housing Market New Listings Marketing 536

Housing Wire

SEPTEMBER 26, 2023

This is a demand-driven slowdown, because new listings supply is still running 9% to 10% fewer homes for sale each week than this time last year. We’re seeing fewer new sellers each week, but inventory is building as homebuyers wait to see if mortgage rates will come down to make purchases more affordable. from last week.

Inventory 481

Inventory Contracts New Listings Mortgage 481

Housing Wire

AUGUST 7, 2023

It was at this point in 2022 when new listings started plummeting each week. In September, even though new sellers were few, buyers were even fewer, so inventory rose. Through July, new listings volume each week was in the normal range as in previous years. Suddenly new listings volume dropped each week.

Inventory 282

Inventory New Listings Contracts Buyers 282

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.

Contracts 363

Contracts Inventory Housing Market Buyers 363

Housing Wire

SEPTEMBER 22, 2022

The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years.

Inventory 437

Inventory Housing Market New Listings Mortgage 437

Housing Wire

SEPTEMBER 15, 2023

of homes that went under contract that month, according to a new report from Redfin. Pending sales have stabilized as the initial shock of elevated mortgage rates moves further into the rearview mirror, but high housing costs are still keeping many buyers on the sidelines, according to Redfin. That rate is up from 14.3%

Buyers 390

Buyers Mortgage New Listings Real Estate Agent 390

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. Making housing more affordable by bridging the affordable supply gap.

Supply Chain 399

Supply Chain Inventory Housing Market Contracts 399

Housing Wire

MAY 28, 2021

More than half of homes (51%) have sold above their listing price in the four week period ending May 23, 2021 — up from 26% one year ago, according to a recent study by Redfin. Numerous other sales records were also set, including the median home sale price ($354,250) and number of days on the market (17, down from 36 one year ago).

Buyers 413

Buyers Real Estate Agent Real Estate Inventory 413

Will Springer Realtor

MAY 9, 2023

The chart (below) puts it in sharp focus: Except for the pandemic year of 2020 when there were 2559 new listings that April, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. housing market appears to have hit its nadir.

New Listings 59

New Listings Inventory Buyers Sellers 59

Housing Wire

AUGUST 1, 2023

The median price of the new listings this week is $399,900. As the summer progresses, each subsequent week of new listings gets priced at a slight discount to the previous weeks. The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract.

Inventory 341

Inventory Contracts Buyers Mortgage 341

Housing Wire

OCTOBER 15, 2021

One-third of homes that went under contract had an accepted offer within one week of hitting the market, a new report from Redfin found. In addition, the number of homes that went under contract within two weeks of listing rose to 46% from 42% during the same period in 2020. points from a month earlier.

Contracts 397

Contracts Landlords Inventory New Listings 397

Housing Wire

SEPTEMBER 30, 2020

“But if the pandemic surges up again, I think we’re just going to get busier and busier here, because we are definitely located in the correct position, outside of New York City, where parents can still commute to work and children can have space needed for homeschooling and things like that,” Kanacki said.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

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.” 

Housing Market 36

Housing Market Marketing Buyers Sellers 36

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. I hope you enjoy reading this monthly report. from the year before.

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

Will Springer Realtor

JULY 8, 2022

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Not really sure.”.

Housing Market 36

Housing Market Marketing Inventory HOA 36

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. No printing, scanning, or faxing needed.

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Real Estate Contracts Clients Real Estate Agent 78

Listing Spark

OCTOBER 13, 2022

Is that the case for all major Texas housing markets? What should they expect in this housing market? We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. 00:02:50] Peaking into the Fall 2022 Austin housing market. And housing prices are still up! “In

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Lamacchia Realty

DECEMBER 19, 2023

Single families: $517,863 (2022) | $553,935 (2023) Condominiums: $286,664 (2022) | $325,453 (2023) Homes Listed For Sale: T he number of homes listed is up by 5.7% 2023: 2,765 2022: 2,617 2021: 3,476 Pending Home Sales: The number of homes placed under contract is down by 5.2% What’s Happening in the Market?

Real Estate 57

Real Estate Sellers Home Value Buyers 57

Lamacchia Realty

DECEMBER 19, 2023

Single families: $549,922 (2022) | $559,251 (2023) Condominiums: $414,921 (2022) | $533,433 (2023) Multi-families: $501,629 (2022) | $469,320 (2023) Homes Listed For Sale: T he number of homes listed is up by 7.3% 2023: 1,321 2022: 1,231 2021: 1,530 Pending Home Sales: The number of homes placed under contract is up by 0.7%

Real Estate 56

Real Estate Sellers Buyers Realtors 56

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.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Lamacchia Realty

MARCH 28, 2023

February 2023 south florida housing report February Highlights Single family homes sales are significantly down again in Broward, Miami-Dade and Palm Beach counties in February compared to this time last year. Instant Home Evaluation See immediately how this market is impacting your home value.

New Listings 56

New Listings Sellers HOA Buyers 56

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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Housing Market Marketing Buyers Real Estate 36

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.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Lamacchia Realty

JULY 22, 2022

This Lamacchia Mid-Year Housing Report presents overall home sale statistics as of the first six months of 2022 compared to the same period last year, January 1 st to June 30 th , 2021. Last year’s major increases were due to the market catching up from 2020 when everything stopped during the pandemic. Homes Listed for Sale.

Sellers 73

Sellers Buyers Inventory Contracts 73

Will Springer Realtor

MAY 14, 2024

Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. King County as a whole is swimming in 30% more listings (3439) and 20% additional homes available at the start of the month (2768) compared with data from a year ago. Prices rose, too, to near-record highs.

Marketing 36

Marketing Inventory Buyers Sellers 36

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.

Sellers 60

Sellers Buyers New Listings Inventory 60

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. Homes Pending (contract accepted) There were 20.2%

Inventory 52

Inventory Sellers Buyers Real Estate 52

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.

Finance 68

Finance Inventory Construction Buyers 68

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’”. Homes going under contract (Pending sales) dropped 25% from the previous month and 30% year-on-year (YoY) – staggering drop-offs.

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Housing Market Contracts Architecture Buyers 36

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

Real Estate 36

Real Estate Sellers Home Value Inventory 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%

Inventory 36

Inventory Construction Supply Chain Buyers 36

Will Springer Realtor

MAY 9, 2022

DID SOMEBODY SAY, ‘HOUSING BUBBLE?’. Are we in a housing bubble? The housing market has become bubbly,” said economist Enrique Martinez-Garcia of the Federal Reserve Bank of Dallas. He was one of the authors of a recent report that found signs of a housing bubble in the real estate market.

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Architecture Design Buyers Construction 36

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. And the May report for Puget Sound residential sales is no different. in Seattle.

Buyers 36

Buyers Inventory Construction Finance 36

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?”

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

FEBRUARY 9, 2022

The median home price rose 17% in 2021 to a record $317,500, according to a report from ATTOM Data Solutions. market in the last decade, reported FilterBuy.com. Seven Washington towns and cities – from Kennewick (22.8%) to Bremerton (19.0%) – were among the top 20 smaller markets across the U.S. FEBRUARY HOUSING UPDATE.

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Buyers Law Inventory Development 36

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. OCTOBER HOUSING UPDATE.

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Real Estate Buyers Inventory Housing Market 36