Housing Wire

JANUARY 20, 2023

From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.” During that period, we saw new listing data decline.

Inventory 536

Inventory Housing Market New Listings Marketing 536

Housing Wire

SEPTEMBER 12, 2023

There are no signs of any surge in listings, and as a result we’ve seen a floor on home prices. New contracts dipped as affordability is out of reach for so many. Last year inventory was about to start climbing again with that autumn spike in mortgage rates. The light portion of the bar are the new contracts that week.

Contracts 363

Contracts Inventory Housing Market Buyers 363

Housing Wire

SEPTEMBER 22, 2022

Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. 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. . months in August 2021.”.

Inventory 437

Inventory Housing Market New Listings Mortgage 437

Housing Wire

JULY 24, 2023

Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. In the chart below, the light portion of each bar represents the new contracts each week. But, there were another 15,000 condos and townhomes that went into contract this week.

Inventory 285

Inventory Contracts New Listings Buyers 285

Housing Wire

AUGUST 1, 2023

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. After the mortgage rate spike in September 2022, we got significantly more bearish on home prices for 2023. If mortgage rates increase to the 7.5%

Inventory 341

Inventory Contracts Buyers Mortgage 341

Will Springer Realtor

MAY 9, 2023

Falling new inventory is constraining transaction volumes while also supporting higher home prices. It’s a dynamic not often seen in our area and it – along with stubbornly high mortgage interest rates – has generated a rollercoaster ride of data that would make Six Flags jealous. Where are all the sellers?

New Listings 59

New Listings Inventory Buyers Sellers 59

Housing Wire

FEBRUARY 25, 2021

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. All four areas saw contract transactions increase from a year-over-year standpoint. For now, low mortgage rates are increasing buyers’ purchase power across the country. million in 2020.

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. Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market.

Buyers 413

Buyers Real Estate Agent Real Estate Inventory 413

Housing Wire

AUGUST 14, 2023

Mortgage rates have been stubbornly above 7% for two months and it sure looks like home buyers are growing weary. It was mid-June when it looked like mortgage rates might continue to ease down but then the opposite happened. See how the tan line of 2021 peaked right about on the same curve we’re seeing this year?

Housing Market 345

Housing Market Inventory Marketing Buyers 345

Lamacchia Realty

OCTOBER 26, 2021

The number of new listings has decreased but so has the number of pending sales, which means that inventory is lingering longer than it has been which is a positive sign for buyers. The historically low mortgage rates we have been seeing during the COVID-19 pandemic are starting to rise and are now up to over 3%.

Inventory 68

Inventory Buyers Sellers Landlords 68

Housing Wire

JULY 25, 2022

The Fannie Mae report projects “strong deceleration in home-price growth going forward” due to higher mortgage rates and the overall slowing economy affecting purchase demand. in 2021, Freddie Mac reports. Overall, annual mortgage origination levels are expected to be $2.8 By comparison, home-price growth was 17.8%

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Lamacchia Realty

JANUARY 28, 2022

The amount of home sales in 2021 was down by 43 sales, 0.3% There were 14,946 sales in 2021 compared to 14,989 in 2020. Broken down, single-family sales are the only category that decreased in 2021, down by 4%. Broken down, single-family sales are the only category that decreased in 2021, down by 4%. Sales Down 0.3%

Buyers 45

Buyers Contracts Inventory Real Estate 45

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

Lamacchia Realty

JANUARY 25, 2024

With rates trying to reach equilibrium after their nosedive in 2020, everyone has had to accept that pandemic-era rates are a thing of the past and therefore higher monthly mortgage payments are here to stay. Lowest number of homes listed in recorded history, decreased by 18.7% Average prices for closed sales increased by 3.4%

Inventory 69

Inventory Sellers Contracts Buyers 69

Hank Miller Team

APRIL 6, 2022

Traditionally, the months of May and June see the most new listings as the school cycle hits – graduating families sell and rising families buy. This year however, rocketing mortgage rates and other economic challenges may change that. The Covid collapse in listings is clear here as is the corresponding dip in Jan 2021 sales.

Inventory 94

Inventory Contracts Buyers Sellers 94

Lamacchia Realty

JANUARY 25, 2024

The 2022 slowdown was a welcome break from the unsustainable frenzy of 2021 , and 2023 continued the trend towards balance, albeit with some challenges. Lowest number homes listed in recorded history, decreased by 15.1% Lowest number homes listed in recorded history, decreased by 15.1%

Inventory 52

Inventory Sellers Buyers Contracts 52

Lamacchia Realty

MARCH 28, 2023

New listings and pending sales are also down year over year as many sellers are hesitating to put their homes on the market, so less homes are being placed under contract and inevitably less homes are closing. Most sellers are hesitating to list because they have a low, pandemic era mortgage rate.

New Listings 56

New Listings Sellers HOA Buyers 56

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% when compared to November 2022.

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

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. Unlike what the Northeast experienced, South Florida inventory is up over 2022 and the second half of 2021.

HOA 49

HOA Inventory Buyers Contracts 49

Lamacchia Realty

JANUARY 25, 2024

As interest rates strive to find equilibrium following their sharp decline in 2020, buyers and sellers have had to accept that the era of pandemic-induced low rates is over, ushering in a period of higher monthly mortgage payments. Lowest number of homes listed in recorded history, decreasing by 19.7% Pending Sales Decreased by 18.9%

Inventory 52

Inventory Sellers Buyers Contracts 52

Lamacchia Realty

JANUARY 25, 2024

As interest rates sought to stabilize following their sharp decline in 2020, both buyers and sellers had to acknowledge the end of the era of historically low pandemic-induced rates, and the beginning of higher monthly mortgage payments. Lowest number of homes listed in recorded history, down 19.5%

Inventory 57

Inventory Sellers Buyers Real Estate 57

Lamacchia Realty

JANUARY 30, 2024

The attempt to restore equilibrium in interest rates, following their drastic drop in 2020, brought about then of pandemic-induced rates, resulting in a sustained presence of higher monthly mortgage payments. The frenzied market of 2021 was unsustainable, and consumers and REALTORS alike hoped for a return to normalcy.

Inventory 54

Inventory Sellers Buyers Contracts 54

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. Prices increased in all the categories in the first half of 2022 over the same time period in 2021. People will list if they need to make a move.

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. We are seeing more homes for sale in submarkets – except for Mercer Island and Woodinville, where active listings are down 30%+ – compared with a year ago. Prices rose, too, to near-record highs.

Marketing 36

Marketing Inventory Buyers Sellers 36

Will Springer Realtor

AUGUST 15, 2023

Variations between the two years are stark, to say the least: A “re-evaluation” for future buyers can be defined as consumers determining when to jump (or jump back) into the home-search pool as mortgage rates appear stuck around 7.0%. Mortgage rates are high, home prices are high, there’s no inventory.” The county saw a 4.9%

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. In 2022, there were fewer sales in Connecticut than in 2021, down 18.8%

Inventory 52

Inventory Sellers Buyers Real Estate 52

Listing Spark

MARCH 9, 2023

Episode Summary Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. Things are starting to look up in 2023 with a break in mortgage rates. [00:05:15]-[00:05:31] months to 2.7

Real Estate 28

Real Estate Marketing Sellers Home Value 28

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

Lamacchia Realty

JULY 26, 2023

Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Massachusetts along with the number of homes listed for sale, placed under contract, and price adjustments. The same phenomenon occurred in last year’s mid-year as 2021 was higher than 2022. for singles, 23.2%

Sellers 57

Sellers Inventory Buyers Contracts 57

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% homes in 2021, for comparison. At least that’s what some economists have expressed. There are 7.4%

Finance 68

Finance Inventory Construction Buyers 68

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

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

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. 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

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. Does this signal a peak in mortgage rates or a temporary blip?

Inventory 36

Inventory Construction Supply Chain Buyers 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. Homes going under contract (Pending sales) dropped 25% from the previous month and 30% year-on-year (YoY) – staggering drop-offs.

Housing Market 36

Housing Market Contracts Architecture Buyers 36

Will Springer Realtor

MAY 9, 2022

That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. home prices, up 14% year over year (YoY) by one measure, and escalating mortgage rates, which have risen about 2.1 The potent combo of rising U.S. home (about $400,000 vs. $880,000 in King County).

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

JUNE 9, 2021

Adjustable-rate mortgages were cheap and easy to acquire, home prices were artificially inflated and supply plentiful. Is this the beginning of a housing bubble, 2021-style? “I The Federal Reserve is supporting the purchase of mortgage-backed securities as well as helping to sustain low interest rates for mortgages.

Housing Market 36

Housing Market Marketing Inventory New Listings 36