Housing Wire

MAY 11, 2024

However, this year, even though the spreads are still historically bad, they’ve improved over last year, which is a plus for the housing market. Since November 2023, when mortgage rates started to fall, we have had 12 positive prints versus nine negative prints and two flat prints week-to-week.

Mortgage 390

Mortgage Inventory New Listings Housing Market 390

Housing Wire

MAY 23, 2024

New home sales missed estimates , showing that demand isn’t crashing but not growing much either. However, we need to keep an eye on the housing construction data in this report because it has huge implications for the economic cycle, our recession risk and mortgage rates. In this report: 1.9 In this report: 1.9

Marketing 390

Marketing Construction Mortgage Housing Market 390

Housing Wire

JANUARY 26, 2024

The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. Job additions and income growth will further help with housing affordability, but increased supply will be essential to satisfying all potential demand.”

Contracts 444

Contracts Housing Market Construction Inventory 444

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. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. However, housing affordability worsened.

Inventory 372

Inventory Housing Market Marketing Construction 372

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. in 2022 but will drop to 4% in 2023. in 2022 but will drop to 4% in 2023.

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

MAY 28, 2024

Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. There are more homes on the market now than anytime since August 2020. immediate sales). immediate sales).

Inventory 509

Inventory New Listings Contracts Sellers 509

Housing Wire

MARCH 6, 2024

The Beige Book is published two weeks before each meeting of the policy-setting Federal Open Market Committee. The benchmark rate was last changed in July 2023, when it was raised to a range of 5.25% to 5.5%. New York: Housing markets strengthened as the spring selling season got underway a bit earlier than normal.

Mortgage 342

Mortgage Real Estate Inventory Construction 342

Housing Wire

MAY 30, 2023

Low housing inventory and still-strong demand kept prices high in March, according to the latest according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. The annual growth rate in March 2023 was up 0.7%. Relatedly, the Federal Housing Finance Agency (FHFA) recorded a 4.3%

Mortgage 382

Mortgage Inventory Construction New Listings 382

Housing Wire

FEBRUARY 24, 2023

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. New home sales From Census : Sales of new single-family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, according to estimates released jointly today by the U.S.

Inventory 419

Inventory Construction Housing Market Mortgage 419

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. Something notable about this report: Total active listings as the NAR tracks them almost broke under 1 million again. My entire theme around the savagely unhealthy housing market is based on the premise of too many people chasing too few homes.

Housing Market 402

Housing Market Inventory Contracts Marketing 402

Housing Wire

AUGUST 23, 2023

Builders are taking advantage of the housing market inventory issues , which is why new home sales are growing yearly, even with higher mortgage rates. Census Bureau and the Department of Housing and Urban Development. months , this is just an OK market for builders. months, the builders will pause construction.

Mortgage 360

Mortgage Inventory Construction Sellers 360

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

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 359

Contracts Inventory Housing Market Buyers 359

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. housing market went into recession in June of this year, which I talked about a few months ago on CNBC. In addition, we have a lot of two-unit construction built, which will bring more supply online.

Transportation 518

Transportation Construction Housing Market Mortgage 518

Empire Appraisal Group

AUGUST 3, 2023

Hurricanes present unique housing market events. Their immediate impact on the local real estate market is harsh, but investors often rush in and the number of real estate transactions bounces back and often increases. Put another way, the metro area had a net gain of 415 more new listings. Bokhari says.

Real Estate 78

Real Estate New Listings Real Estate Agent Insurance 78

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. The bar is so low on listings and sales data that one might trip over it.

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

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

FEBRUARY 14, 2023

The Seattle/King County housing year kicked off slowly with some promising signals. From a macro perspective, the 2023 outlook for home buyers is the best it’s been for three years. Another positive sign: The number of new listings surged from the previous month. That appears to be where we are headed.

Housing Market 36

Housing Market Marketing Inventory Buyers 36

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

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. 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. OCTOBER HOUSING UPDATE.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

FEBRUARY 13, 2024

The Seattle/King County housing market appears to have come through the worst of times with a slightly stronger showing in January than in previous months. The final months of 2023 were among the quietest periods in recent memory for residential real estate amid a slow year overall. higher than January 2023. 1; that’s 2.8%

New Listings 54

New Listings Buyers Inventory Lending 54

GoForrmz

OCTOBER 26, 2022

In 2021 , we saw houses receive multiple offers and sell for thousands of dollars over asking price within hours. Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023. But there is one thing for certain: technology has changed the overall industry.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

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% The new home market was 31% of the total U.S.

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

AUGUST 15, 2023

After a pandemic-induced free-for-all, where newly listed homes could be off the market in hours and prices soared into a stratosphere more recognizable by the Blue Angels, we are now “enjoying” a period of rest and re-evaluation in summer 2023. monthly decline in available Seattle listings (793). on the Eastside.

Sellers 60

Sellers Buyers New Listings Inventory 60

Listing Spark

FEBRUARY 7, 2024

In this article, we will recap what exactly happened to the real estate market in Texas last year and discuss some predictions for the rest of this year. Some markets were affected more than others. Some markets were affected more than others. It was an inevitable end to arguably the greatest run-up in home values in history.

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. 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. annualized for 2023 but only 3.4% by the end of 2024.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. In March 2023, we had an undersupply of 1.7M today – may hold the keys (literally and figuratively) to the housing conundrum.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

AUGUST 11, 2023

Some developers are delivering smaller homes in the form of four- and six-plex townhomes on a parcel of land that once featured a single-family house. Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). counties are in our region.

Buyers 36

Buyers Development Construction New Listings 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. BY THE NUMBERS >> Seattle metro leads the nation with construction cranes – 45 – according to a Q3 summary from the RLB Crane Index.

Mortgage 36

Mortgage Real Estate Law Lending 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. Ready to complete another year, the residential real estate market has not improved – some might say it got a little worse. at this time in 2023 (quite optimistic!).

Real Estate 36

Real Estate Buyers Housing Market Law 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. Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines. Closed sales fell 0.9%

Inventory 36

Inventory Buyers Sellers New Listings 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.

Real Estate 36

Real Estate Buyers Inventory Housing Market 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.

Law 36

Law Development Design Government 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

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. topped the list. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates.

Sellers 36

Sellers Development Retail Real Estate 36

Will Springer Realtor

JULY 9, 2021

The National Association of Realtors® recently announced a new partnership with the LGBTQ+ Real Estate Alliance, a nonprofit that promotes homeownership and advocates for greater equality in housing. JULY HOUSING UPDATE. It is truly the epitome of a sellers’ market and experts I hear from are saying, basically, get used to it.

Buyers 36

Buyers Development Transportation Inventory 36