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Home sales dip, but prices are holding steady for now

Housing Wire

So, the author tried to use new construction prices from back in April to describe the whole U.S. There are no signs of any surge in listings, and as a result we’ve seen a floor on home prices. New contracts dipped as affordability is out of reach for so many. housing market now. This week continues that trend.

Contracts 363
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A look at Knoxville’s hot housing market

Housing Wire

“I never know how my day is going to go, because when a new listing comes on the market in Knoxville, the race is on. You set your appointments the night before, and when you get there that morning, they might already be under contract.” Generally, they go under contract in a day or two.”

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Texas Real Estate Trends: Q3 2023 Comprehensive Review

Listing Spark

Fewer New Listings The number of new listings hitting the markets has continued to fall, mainly because a substantial segment of the market that was both buying and selling has essentially disappeared. The Rise of New Construction Homes New construction is stepping up to fill the void in the market.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. A little more than a third of inventory is under contract. Prices are up 5.5%

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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

RECESSIONS AND MORTGAGE RATES Recent data and the traditional definition show we are now in a recession even though there is debate among economic and political folks. when, on July 28, the Commerce Department reported its second consecutive quarter of GDP declines – the common definition of a recession. year-on-year (YoY).

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FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

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. Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. The local picture is less definitive. List: $2.9M ($853/sq.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Now, home builders would need to construct as many as 1.2 This was the fastest pace for combined single-family and multi-family construction since June 2006. million more home listings across the U.S. >> NAHB reported an estimated 15% of all new-construction home sales in the U.S. We are on the right track.