Empire Appraisal Group

SEPTEMBER 8, 2022

home prices are about to tumble as demand for new houses ‘craters,’ an economist warns.” Scary times: builders are slashing home prices and slowing construction as buyers pull back, survey shows” (MarketWatch). As expected, mortgage applications have dropped off a cliff – to the lowest level since 2000. BusinessInsider).

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Housing Wire

FEBRUARY 24, 2023

As we can see in the chart below, we are still below the recession levels of 2000 and really trending at 1996 levels. Homebuilders’ for-sale inventory and months’ supply The seasonally-adjusted estimate of new houses for sale at the end of January was 439,000. However, this isn’t how inventory grows in America.

Inventory 470

Inventory Construction Housing Market Mortgage 470

Will Springer Realtor

JUNE 13, 2023

Despite high interest rates, some hungry buyers are competing over limited inventory. Supply of resale housing (as opposed to new construction) is shrinking across our region. months’ total inventory in the county, down from 1.4 Eastside inventories are at 1.2 In March, 33% of homes listed for sale in the U.S.

Buyers 36

Buyers Inventory Construction Finance 36

Will Springer Realtor

AUGUST 9, 2021

annually between 1968 and 2000 but has since dropped to an average rate of 0.7% And, Seattle’s attempt to force building developers to incorporate more affordable homes within their new residential endeavors yielded only 21 units in 2020 out of a swell of 224 construction projects. The nation has faced a shortfall of 5.5

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

JULY 9, 2021

were flipped in Q1, the lowest level since 2000, according to ATTOM. Home prices are going to continue to go up until the inventory comes back bit,” said Rick Sharga, EVP at real estate information provider Realty Trac. Inventory across our area remains extremely low. On to new listings, and we start far away.

Buyers 36

Buyers Development Transportation Inventory 36