Housing Wire

OCTOBER 26, 2022

New home sales are now below the recession levels of 2000 and have fallen all the way to 1996 levels, when interest rates were near 8%. From Census: For Sale Inventory and Months’ Supply, The seasonally?adjusted Currently, the builders have buyers to occupy those homes, excluding those that cancel the transaction at closing.

Construction 457

Construction Inventory Contracts Buyers 457

Will Springer Realtor

APRIL 10, 2024

Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M. This move, while aiming to “decouple” buyer and seller compensation, may inadvertently reduce transparency for consumers when reviewing home-sale listings.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. A year later, still no crash, which had more to do with the decrease in inventory than the decrease in sales. The number of homes placed under contract (pending), decreased by 17.7% Sales Decline by 21.7%

Inventory 69

Inventory Sellers Contracts Buyers 69

Annarbor Appraisal

FEBRUARY 8, 2020

Washtenaw County, like much of the nation, has a continued inventory shortage. The inventory shortage continues to be concentrated in the starter market. As of this morning, if a buyer can only afford $200,000 in the Ann Arbor school district, there is one available listing (single family houses, not condominium units).

Inventory 78

Inventory Contracts Construction Marketing 78

Lamacchia Realty

JANUARY 25, 2024

reduction in sales, leaving prospective buyers eager to make a move. As interest rates sought to stabilize following their sharp decline in 2020, both buyers and sellers had to acknowledge the end of the era of historically low pandemic-induced rates, and the beginning of higher monthly mortgage payments. Sales Decline by 23.2%

Inventory 57

Inventory Sellers Buyers Real Estate 57

Lamacchia Realty

JANUARY 25, 2024

This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Average prices for closed sales increased by 7.2% Sales Decline by 18.9%

Inventory 52

Inventory Sellers Buyers Contracts 52

Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9% Maine Sales Decreased by 18.9%

Inventory 54

Inventory Sellers Buyers Contracts 54

Housing Wire

AUGUST 23, 2022

This is below the recession levels of 2000 and back to 1996 levels. The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4 After all, sales levels are already low historically for new homes. months and above.

Construction 370

Construction Housing Market Sellers Marketing 370

Lamacchia Realty

JANUARY 27, 2023

in Massachusetts The 2022 Massachusetts Year in Review Housing Report breaks down average prices, sales, inventory, new active listings, and pending sales for 2022 compared to 2021 and illustrates what that means for the current market. Market adjustments, global pandemics, and anemic inventory are not for the faint of heart.

Inventory 63

Inventory Buyers Real Estate Sellers 63

Appraisal Today

JULY 29, 2022

Spiking housing supply & fewer buyers. We’ve seen a massive change in housing inventory. This is actually about fewer buyers getting into contract. Mortgage applications declined for the fourth consecutive week to the lowest level of activity since February 2000. A saltwater pool is also on the property.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

MAY 12, 2023

In 2000 and 2002, Architectural Digest named him one of the top 100 architects in the United States. Most buyers were tech people from the Bay Area. Lower rates from week to week have helped buyers in the market, but limited for-sale inventory remains a challenge for many homebuyers. percent from 6.50 percent from 6.37

Appraisal 52

Appraisal Architecture Business Contracts 52

Houston Properties

JANUARY 12, 2022

Why We're Fearful: Buyer & Seller Mistakes. I’m A Buyer. Why We’re Fearful: Buyer & Seller Mistakes. "A The root causes of buyers overpaying are similar: Using an inexperienced agent (one with less than 6 transactions in total). This is the classic case of a buyer putting emotions over data.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

FEBRUARY 9, 2022

The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. Buyers with the deepest pockets may wait, however. home buyers.

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

OCTOBER 10, 2023

This is the season when buyers can take advantage of homeowners wishing to sell before the holidays and are showing a willingness to budge on price or make other concessions. At the same time, the number of homes going under contract (Pending sales) fell 11% (2087) for the month and 9.8% Single-family inventory is 1.8

Buyers 64

Buyers Inventory Sellers Housing Market 64

Will Springer Realtor

JUNE 13, 2023

Unfortunately for buyers, both figures – prices and rates – are climbing, raising the hurdle to homeownership even higher for many. The pandemic housing market was super-charged by historically low interest rates and buyers seeking more spacious properties amid global health fears. months’ total inventory in the county, down from 1.4

Buyers 36

Buyers Inventory Construction Finance 36

Appraisal Today

SEPTEMBER 1, 2023

Examples of verification sources include, but are not limited to, the buyer, seller, listing agent, selling agent, and closing documents in certain situations. percent – the highest since December 2000. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $726,200) increased to 7.28

Appraisal 77

Appraisal Contracts Mortgage Real Estate 77

Will Springer Realtor

DECEMBER 14, 2021

Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. Buyers are seeing rates inch higher – currently at about 3.25% in Seattle/King County for a typical 30-year mortgage (rates vary based on an applicant’s circumstances). That was the average national figure in 2000.). 2 (Freddie Mac).

Real Estate 69

Real Estate Buyers Construction Sellers 69

Will Springer Realtor

NOVEMBER 10, 2023

Knowingly or not, associations can discriminate against potential home buyers by enforcing a community’s established rules that have the potential to limit people of certain classifications from purchasing a property. It’s working well for both builders and buyers. Buyers must qualify for the mortgage at the highest rate in the offer.

HOA 36

HOA Buyers Law Supply Chain 36

Will Springer Realtor

JULY 9, 2021

In addition to “more space,” prospective buyers were on the hunt for a quiet location (28%) and updated kitchen (25%), as the chart notes. While most buyers focus on the standards of kitchens and bathrooms, research shows the best ROI is from replacing the garage door. Inventory across our area remains extremely low.

Buyers 36

Buyers Development Transportation Inventory 36

Appraisal Today

MAY 5, 2023

Million Maryland Home Has 300 Windows Excerpts: The home was built in 2000 and was a collaboration between an owner, who is a structural engineer, and an architect. Home purchase activity has been very sensitive to rates and local market trends, including the very low supply of existing-home inventory. percent from 0.4 percent from 6.55

Appraisal 52

Appraisal Contracts Architecture Law 52