Remove 2025 Remove Housing Market Remove New Listings Remove Sellers
article thumbnail

A sub-7% mortgage rate brings holiday cheer

Housing Wire

“Given inflation continues to decelerate and the Federal Reserve Board’s current expectations that they will lower the federal funds target rate next year, we likely will see a gradual thawing of the housing market in the new year,” Sam Khater, Freddie Mac’s chief economist said in a statement.

Mortgage 476
article thumbnail

How this week’s Fed meeting could impact inventory

Housing Wire

Although I don’t have any capacity to predict interest rates, I do know what happens to the housing market if rates rise or fall from here. New listings Last week, 59,000 new single-family listings came to market. Last year was probably a record low for mid-March as we had very few sellers.

Inventory 384
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Where are home prices headed this spring?

Housing Wire

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. A year with 5.5

article thumbnail

Japanese builder Sekisui House to acquire MDC for $4.9B

Housing Wire

. “This transaction directly aligns with our stated strategy for growth in North America and will create a more resilient portfolio for Sekisui House,” Yoshihiro Nakai, president and CEO of Sekisui House, said in a statement. ” Sekisui claims it has delivered over 2.62 That’s a 1.2% ” Regarding the U.S.

article thumbnail

A soft landing for the real estate market. What’s next?

Housing Wire

housing market could have a soft landing in 2023. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. Sellers have not materialized, and buyers have been buying everything that becomes available. We could see inventory from distressed sellers emerge in 2025.

article thumbnail

Eastside Residential Market Sees Big Gains in Sales, Prices

Will Springer Realtor

Despite a challenging financing environment, the Seattle/King County housing market is moving forward. New listings (+17%), available homes at the start of April (+5.0%) and listings going under contract – also known as Pending sales – (+24%) were solidly higher when comparing month to month. above the list price.

article thumbnail

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. And, despite the rise in new listings, the number of homes still on the market on Feb. in Q1 2025 (6.3%) 5.6% in Q2 2025 (6.2%) 5.6%