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How this week’s Fed meeting could impact inventory

Housing Wire

real estate market were for inventory growth, sales growth and home-price growth across the U.S. Of my initial expectations this year — rising inventory, rising sales rates, rising prices — only rising inventory remains clear at this moment as we finish Q1 with rising interest rates. As we started 2024, the signals in the U.S.

Inventory 384
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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. Now it’s on the rise.

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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
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Japanese builder Sekisui House to acquire MDC for $4.9B

Housing Wire

“It will also allow us to achieve our goal of supplying 10,000 homes outside of Japan by fiscal year 2025, ahead of our initial expectations.” faces house inventory challenges. ” Sekisui claims it has delivered over 2.62 The transaction comes when the U.S. That’s a 1.2% ” Regarding the U.S.

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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

We have brought down expenses and continue to grow our agent count and inventory advantage,” Reffkin said. We found that more than 99% of new listings in March included offers to pay the buyer’s agent. Furthermore, more than 96% of all listings included offers of 2% or more, and more than 67% are offering to pay 2.5%

Agents 335
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A soft landing for the real estate market. What’s next?

Housing Wire

By October 2022, it looked like 2023 would have rising inventory and falling home prices. Sellers have not materialized, and buyers have been buying everything that becomes available. Inventory has fallen all year. The peak of inventory for 2023 so far was the week of the New Year — that is insane. is $450,000.

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Eastside Residential Market Sees Big Gains in Sales, Prices

Will Springer Realtor

It was particularly true on the Eastside, where sales surged 52% from February to March and 9% year-on-year (YoY) and inventory narrowed to under a month (29 days) before all homes for sale would theoretically be under contract if no others hit the market. However, we are missing the typical boost of sellers. Inventory stood at 1.3