Remove 2021 Remove Contracts Remove Modernization Remove New Listings
article thumbnail

Existing home sales data shows extent of housing inflation

Housing Wire

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. That was a huge red flag, hence all the statements in 2021 about unhealthy housing. . From NAR Research : “Total existing-home sales notched a minor contraction of 0.4%

Inventory 437
article thumbnail

29 Cutting-Edge Real Estate Marketing Ideas for 2024

Housing Wire

New findings from the National Association of Realtors (NAR) show a fresh picture of who’s buying and selling homes, with more first-time buyers entering the market and families looking for homes that fit multiple generations. They send out updates on new listings that line up with what buyers are looking for — all on autopilot.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Will Springer Realtor - Untitled Article

Will Springer Realtor

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. A little more than a third of inventory is under contract. Prices declined 5.4%

article thumbnail

CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

The latest survey took place June 2020-October 2021 and asked 2700 adults in King, Pierce and Snohomish counties. >> >> In a survey of about a thousand professionals working full-time from home, half said they would look for a new job with remote options if their current employer required a return to the office full-time.

article thumbnail

RISING INFLATION, RATES TRIP UP HOUSING MARKET

Will Springer Realtor

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. The second half of the year will look much different than 2021. home sales has fallen from 31% in May 2021 to 27% today. Closing costs for U.S.

article thumbnail

Will Springer Realtor - Untitled Article

Will Springer Realtor

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 annually in home improvements across the U.S.,

article thumbnail

IS THE HOUSING MARKET HEADED FOR A CRASH?

Will Springer Realtor

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. One-tenth surveyed said they have added language to contracts that require buyers to share in the materials costs if they continue to rise.