Housing Wire

MAY 30, 2023

The annual growth rate in March 2023 was up 0.7%. The modest increases in home prices we saw a month ago accelerated in March 2023,” Craig Lazzara, the managing director at S&P DJI, said in a statement. increase in home prices in the first quarter of 2023 from the first quarter in 2022. before seasonal adjustment.

Mortgage 384

Mortgage Inventory Construction New Listings 384

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

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Inventory Housing Market Marketing Construction 375

Housing Wire

FEBRUARY 24, 2023

They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). They still have a lot of work to do here, so we shouldn’t expect anything good to come from the housing permits side of the economy in 2023.

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Inventory Construction Housing Market Mortgage 423

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. From NAR: First-time buyers were responsible for 29% of sales in December; Individual investors purchased 16% of homes; All-cash sales accounted for 29% of transactions; Distressed sales represented 2% of sales; Properties typically remained on the market for 29 days.

Housing Market 405

Housing Market Inventory Contracts Marketing 405

Housing Wire

AUGUST 23, 2023

New home sales According to the recent Census report , “Sales of new single‐family houses in July 2023 were at a seasonally adjusted annual rate of 714,000, according to estimates released jointly today by the U.S. While existing home sales are still negative year over year, new home sales are growing year over year.

Mortgage 362

Mortgage Inventory Construction Sellers 362

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 2022 but will drop to 4% in 2023. trillion 2023, down from $4.8 Supply chain disruptions and cost inflation moderated somewhat for new homes.

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

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. Think of it like a rollercoaster that started in late 2022 and has continued into early 2023.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. King County new listings fell 13% from June to July (2158), led by a 20% slide in Seattle (690). on the Eastside. The county saw a 4.9%

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Sellers Buyers New Listings Inventory 60

Housing Wire

SEPTEMBER 12, 2023

The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. 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.

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Contracts Inventory Housing Market Buyers 363

Empire Appraisal Group

AUGUST 3, 2023

In the two months after the devastating September 2022 storm, Cape Coral-Fort Myers saw 900 fewer new listings than there would have been had the storm not hit, according to Redfin projections. But in the six months after that, the area had 1,314 more new listings than projected, a number that more than offsetting the shortfall.

Real Estate 78

Real Estate New Listings Real Estate Agent Insurance 78

Will Springer Realtor

MARCH 12, 2024

As a result, home buyers and sellers across Seattle/King County saw a mixed bag of activity in February, according to the Northwest Multiple Listing Service (MLS). This return of buyers follows a sluggish late 2023. This return of buyers follows a sluggish late 2023. February’s price was 7.6% There is 1.9

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Buyers Construction Sellers Inventory 57

Listing Spark

JANUARY 12, 2023

In this episode of Real Estate Real Fast, Aaron Jistel discussed the market trends of 2022 and 2023. Sales were down 25% in Austin, Texas compared to 2021, and values are likely to continue decreasing in 2023. Builders will continue to target first-time home buyers with incentives. Values will likely continue to decline in 2023.

Real Estate 36

Real Estate Marketing Home Value Inventory 36

Will Springer Realtor

AUGUST 11, 2023

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. An index score of 100 means that a buyer with a median U.S. The national trend for new construction, however, is generally moving in the opposite direction.

Buyers 36

Buyers Development Construction New Listings 36

Will Springer Realtor

FEBRUARY 13, 2024

The final months of 2023 were among the quietest periods in recent memory for residential real estate amid a slow year overall. The market is now in the process of thawing after a lengthy cool down, as buyers begin anew to seek change in their home dynamics. higher than January 2023. more versus January 2023. 1; that’s 2.8%

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New Listings Buyers Inventory Lending 54

Listing Spark

MARCH 9, 2023

With the Texas real estate market constantly changing and evolving, it can be difficult to stay informed on current trends or predict what will happen in 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.

Real Estate 36

Real Estate Marketing Inventory Sellers 36

Housing Wire

NOVEMBER 28, 2022

The question now is whether there is a way to avoid the job-loss recession we’re facing in 2023. New and existing home sales are falling, along with housing permits and starts, as we have too many new homes for the builders to issue new permits. “The did not go into a recession at the start of 2022.

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Transportation Construction Housing Market Mortgage 520

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.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% While there were 5.8% against the previous month.

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Finance Inventory Construction Buyers 68

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. For example, in the city of Austin, home prices were essentially flat at $523,250 for the year (down only 0.43% in 2023). Some markets were affected more than others.

Real Estate 36

Real Estate Sellers Home Value Inventory 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

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. In fact, the numbers of new single-family (701) and condo listings (186) in the county were 44%+ lower than November figures. Economists across the U.S.

Housing Market 36

Housing Market Marketing Inventory Real Estate 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.”  Locally, the number of home buyers signing pending-sale contracts has risen for four consecutive months – indicating an increase in demand.

Housing Market 36

Housing Market Marketing Buyers Sellers 36

Will Springer Realtor

MAY 13, 2024

In March 2023, we had an undersupply of 1.7M 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. home sales in 2023, the highest level since 2014. We are now experiencing historic shortages. shy of the need.

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HOA Transportation Construction Buyers 36

Will Springer Realtor

NOVEMBER 14, 2023

From health-care and auto workers – even Hollywood actors – Americans have hit the picket lines in greater numbers in 2023. Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. New listings for all home types in King County stood at 2157, a whopping 25% drop from September to October.

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

FEBRUARY 14, 2023

From a macro perspective, the 2023 outlook for home buyers is the best it’s been for three years. Danielle Hale, chief economist for realtor.com, said: “There will be more homes for sale, homes will likely take longer to sell and buyers will not face the extreme competition that was commonplace over the past few years.”

Housing Market 36

Housing Market Marketing Inventory Buyers 36

Will Springer Realtor

OCTOBER 11, 2022

I’m not going to answer that – my crystal ball is broken – but if some economists had their way, it would be a definite possibility for 2023. in 2023 for single-family homes. At least buyers will have more options and time to weigh their decision to purchase a home – but at what cost to the bottom line? from today’s U.S.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

JANUARY 9, 2024

It’s a positive shift that could soon reshape the landscape of the housing market, offering hope and opportunities for those eager to embark on a new homeownership journey. 1, that requires buyers wishing to work with a licensed real estate broker to sign a services contract. Olympia also established a law, effective Jan.

Mortgage 36

Mortgage Real Estate Law Lending 36

Will Springer Realtor

DECEMBER 12, 2023

at this time in 2023 (quite optimistic!). Prospective buyers this year have mostly watched the housing market pass from the sidelines. That, in turn, will finally move the market forward with additional sellers and buyers. Prices, sadly for buyers, will likely continue their trend higher. 19) at 10am PT. San Jose, Calif.,

Real Estate 36

Real Estate Buyers Housing Market Law 36

Will Springer Realtor

OCTOBER 8, 2021

I also heard the same question from buyers this year. While early to mid-spring was frenzied – featuring waves of cash-carrying buyers with their contingency-absent offers – the housing environment settled down to a somewhat civilized pace by September and likely for the next few months. And that answer appears to be “yes.”

Real Estate 36

Real Estate Buyers Inventory Housing Market 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

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.

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Law Development Design Government 36

Will Springer Realtor

JULY 9, 2021

In addition to “more space,” prospective buyers were on the hunt for a quiet location (28%) and updated kitchen (25%), as the chart notes. While most buyers focus on the standards of kitchens and bathrooms, research shows the best ROI is from replacing the garage door. THE ROI OF HOME RENOVATION. They are often surprised by my answer.

Buyers 36

Buyers Development Transportation Inventory 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%

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Sellers Development Retail Real Estate 36