Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. From 2013 to 2022 I forecasted price growth every year.

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Housing Market Marketing Inventory New Listings 529

Housing Wire

FEBRUARY 24, 2023

percent) below the January 2022 estimate of 831,000. As I have stressed for months, the new home sales levels are historically low and don’t account for the cancellation rate. Homebuilders’ for-sale inventory and months’ supply The seasonally-adjusted estimate of new houses for sale at the end of January was 439,000.

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Inventory Construction Housing Market Mortgage 423

Housing Wire

AUGUST 3, 2022

To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. We know the impact in 2022, working from the highest bar in recent history. However, that got smashed in just two years, and prices are still rising in 2022. We see some of this in the active listing data as new listings are declining.

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Mortgage Inventory Sellers Housing Market 498

Will Springer Realtor

AUGUST 15, 2023

Sellers, too, are waiting for the easing of rates before looking for their next home, as estimates show 60% of today’s homeowners possess a mortgage with an interest rate of 4% or less. The single-family housing market is sluggish, as many prospective buyers and sellers have chosen to focus on enjoying the many weeks of beautiful weather.

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Sellers Buyers New Listings Inventory 60

Lamacchia Realty

MARCH 29, 2022

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for February 2022 compared to February 2021. Seller Resources. Miami-Dade & Palm Beach Counties.

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New Listings Inventory Realty Buyers 53

McKissock

DECEMBER 10, 2021

As the end of the year approaches, housing market predictions for 2022 abound. Fortune reviews various 2022 housing forecasts, focusing specifically on home price growth. Redfin predicts a more balanced residential market in 2022. Predictions for the top housing markets of 2022 may surprise you. Boise City, Idaho.

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Housing Market Appraisal Marketing Appraisal Process 79

Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers. There are no signs of any surge in listings, and as a result we’ve seen a floor on home prices. housing market now.

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Contracts Inventory Housing Market Buyers 363

Housing Wire

JULY 25, 2022

Fannie Mae ’s Economic and Strategic Research Group also released a recent report that projects year-over-year growth in home-price appreciation for 2022 will reach 16%. Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”.

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Housing Market Marketing Supply Chain Real Estate 393

Lamacchia Realty

FEBRUARY 25, 2022

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for January 2022 compared to January 2021. Broward County. Miami-Dade & Palm Beach Counties. What's Ahead?

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New Listings Inventory Realty Buyers 41

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. But by mid-2022, they shot up to over 6%. The big twist? peak last month).

Real Estate 69

Real Estate Sellers New Listings Inventory 69

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. Exclusive Eastside communities topped 2022’s highest-priced home sales.

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Housing Market Marketing Inventory Real Estate 36

GoForrmz

OCTOBER 26, 2022

Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023. From virtual tours to real estate apps, it now takes less time and effort to communicate between sellers and buyers. Convert a pdf to a fillable form or easily create a new form from scratch–no code required.

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Real Estate Contracts Clients Real Estate Agent 78

Lamacchia Realty

JANUARY 24, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. Broward County single family sales, new listings and pending sales decreased, but average price increased year over year. Broward County. What's Ahead?

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New Listings Inventory Buyers Realty 49

Will Springer Realtor

SEPTEMBER 8, 2021

The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. and another 10% boost in 2022. 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.

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Construction Inventory Buyers Real Estate 36

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. trillion in 2022 and an eye popping $4.51 Days on market climbed, sellers’ became restless and our month’s supply of inventory finally started to grow.

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Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

FEBRUARY 13, 2024

And, despite the rise in new listings, the number of homes still on the market on Feb. The figures were promising from the single-family-home category as well, with new listings jumping 129% (1335) from December in King and up a negligible 0.5% fewer (1842) than on Jan. from a year ago. more versus January 2023.

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New Listings Buyers Inventory Lending 54

Listing Spark

JANUARY 12, 2023

In this episode of Real Estate Real Fast, Aaron Jistel discussed the market trends of 2022 and 2023. Home sellers should focus on their local market and pull out all the stops when listing a house. 2022 Market Trends: Decrease in sales, values, and new listings in Austin, TX; median home value up 9.9%

Real Estate 36

Real Estate Marketing Home Value Inventory 36

Will Springer Realtor

MARCH 14, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

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Marketing Buyers Inventory Sellers 36

Listing Spark

MARCH 9, 2023

But as potential buyers and sellers begin mapping out their plans for the future, understanding how the state’s real estate market is shifting is essential. In June 2022, what was expected to be a thriving summer sales season quickly took an unexpected turn. That trend continued throughout 2022 and into January of 2023.

Real Estate 36

Real Estate Marketing Inventory Sellers 36

Will Springer Realtor

MARCH 10, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

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Construction Modernization Buyers Inspection 36

Will Springer Realtor

JUNE 13, 2023

Today’s YoY declines underscore just how far the market has shifted from 2021 and 2022. Prices for all home types combined (single-family, townhome, condo) in May 2022 were up 14% YoY across King, 27% on the Eastside and up a “modest” 7.9% Supply of resale housing (as opposed to new construction) is shrinking across our region.

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Buyers Inventory Construction Finance 36

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.

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Housing Market Marketing Buyers Sellers 36

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. Buyers and sellers tiptoed through caution. 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. Um, bye-bye!

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

MAY 13, 2024

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. An annual survey released this month by the Federal Reserve Bank of New York said renters put the probability of ever owning a home at 40%, down from 44% last year.

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HOA Transportation Construction Buyers 36

Will Springer Realtor

AUGUST 11, 2023

In 2022, the index fell off the cliff: Homeownership remains a great way to build wealth, especially for the middle class and people of color, who may have few investments. Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”).

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Buyers Development Construction New Listings 36

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. October figures from the Northwest Multiple Listing Service strongly suggest prospective buyers and sellers are taking a wait-and-see approach. New listings in King were off 26% month-to-month (1583) and Active listings were down 9.4% (2296).

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

JULY 11, 2023

The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4% While that percentage may appear strong, it’s nothing compared to the April-to-May rise of 18%, signaling a probable cooling of new listings in the future. New single-family-home listings rose 3.8%

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Housing Market Buyers Inventory Real Estate 36

Will Springer Realtor

FEBRUARY 14, 2023

The number of Pending sales soared 51% since December for all home types in King County to 1820 listings under contract, including a 69% boost on the Eastside (480) and a 47% jump in Seattle (610). Another positive sign: The number of new listings surged from the previous month. has soared to $88,300 as of late 2022.

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Housing Market Marketing Inventory Buyers 36

Will Springer Realtor

OCTOBER 8, 2021

This has prompted rates for everything from car loans to mortgages to inch higher and will likely continue an upward trajectory through at least mid-2022. (A To be sure, the market is still leaning heavily in the sellers’ favor and listings are slimmer than a strand of spaghetti. New listings are up 6.3%

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Real Estate Buyers Inventory Housing Market 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.

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Architecture Design Buyers Construction 36

Will Springer Realtor

SEPTEMBER 12, 2023

A concrete and steel cover connecting First Hill to downtown, for example, would reduce traffic noise, potentially add more parkland and encourage construction of new housing. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. While there were 5.8% I know, right?!)

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Sellers Development Retail Real Estate 36

Will Springer Realtor

AUGUST 9, 2022

The market recalibration continues across King County with a sharp drop in new listings, Pending sales and closings while prices decline. The number of new homes for sale fell 19% (4009) across the county from June to July and 9.5% CONDO NEWS. year-on-year (YoY). Will prices continue to fall?

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Inventory Buyers New Listings Construction 36

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. Just for Fun: In December 2022, the National Association of Realtors® projected mortgage interest rates would be 5.7% To a happy 2024! = at this time in 2023 (quite optimistic!).

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Real Estate Buyers Housing Market Law 36