Remove 2000 Remove Housing Market Remove New Listings Remove Sellers
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Lower mortgage rates are stabilizing the housing market

Housing Wire

What I mean by a credit bust is that after the housing bubble burst in 2005 into 2006, we saw a massive increase in supply. These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Total inventory levels. NAR: Total Inventory levels 1.22

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Days on market grow despite low inventory for existing homes

Housing Wire

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

Inventory 473
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Higher rates flip the homebuilders’ fortunes (again)

Housing Wire

As we can see in the chart below, we are still below the recession levels of 2000 and really trending at 1996 levels. months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6 To get more inventory you need more Americans to list their homes.

Inventory 485
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Housing inventory still near record lows

Housing Wire

We have a workable range for 2023 sales in the existing home sales market between 4 million and 4.6 If we are trending below 4 million — a possibility with new listing data trending at all-time lows — then we have much weaker demand than people think. 9, so when we talk about housing in the U.S., economy.

Inventory 528
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Home prices climb amid shrinking inventory, modest bump in demand

Housing Wire

March also saw a deterioration in supply in 90% of major markets. New listings aren’t filling the gap either. In March, 30% fewer properties hit the market when compared to pre-pandemic norms. Current available inventory represents just 2.6 The national delinquency rate was also down 13% year over year as of March.

Inventory 384
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King County Home Sales Cool as Interest Rates Inch Toward 8%

Will Springer Realtor

Unfortunately for buyers, a combination of the typical seasonal trend and higher borrowing costs has slowed housing market activity to an excruciatingly slow pace – and there are concerning signs ahead. First a look at September’s numbers: A wave of last-chance listings for the year hit the market after Labor Day.

Buyers 64
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SEATTLE ‘WALKING’ TOWARDS URBAN CONNECTEDNESS

Will Springer Realtor

BY THE NUMBERS >> A survey of 2000 adults across the 50 largest U.S. topped the list. SEPTEMBER HOUSING UPDATE There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days. Only buyers and sellers who must move are doing so. Austin, Texas, and Sarasota, Fla.,

Sellers 36