Remove 2025 Remove Construction Remove Housing Market Remove Inventory
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Pending home sales surged in December: NAR

Housing Wire

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 445
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Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. But we have a housing shortage, right? Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months.

Inventory 494
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Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. But we have a housing shortage, right? Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months.

Inventory 404
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No sign of relief in housing even as the Fed holds rates steady 

Housing Wire

The housing market will remain subdued until the Federal Reserve starts cutting rates next year, according to economists and housing pros following the central bank’s Wednesday announcement to leave the benchmark rate unchanged in the target range of 5.25%-5.5%. in 2024 and 5.1% Fed officials expect interest rates to be at 5.1%

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Homebuilders are at max capacity. And the housing shortage keeps widening

Housing Wire

This has driven meaningful share gains for new construction,” she added, “with the percentage of new-home listings more than doubling from long-term norms to over 30% of the market.” below 4%) and today’s current market rates has created a so-called “lock-in effect.” That shortage is estimated to range from 1.5

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Mostly Positive Start to 2024 Housing Activity in Seattle/King County

Will Springer Realtor

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. Total inventory remains low, however, keeping prices higher on an annual basis. months’ inventory, up from 1.4 months’ inventory (2.0 in Q1 2025 (6.3%) 5.6%

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High Financing Hurdles Lead to Low Housing Activity in Seattle/King County

Will Springer Realtor

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. I would call it ‘housing purgatory’ rather than housing recession,” says Marci Rossell, noted U.S.

Finance 68