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Think US home prices are high? At least we aren’t Canada

Housing Wire

I’ve tried to stress that we need to worry about home prices getting overheated in 2020-2024, but not because of some massive credit boom like we saw from 2002 to 2005. from 2002-to 2005, which led to forced credit selling. A stock can fall 40% in one day, whereas a home doesn’t have that kind of velocity.

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November Housing Update

Will Springer Realtor

Historically low interest rates brought buyers and investors out of the woodwork for any homes for sale. Sure, the increases in inventory are impressive – up 123% for all homes in the county from 2021 to today and up a whopping 359% on the Eastside – but that should not surprise anyone. months’ inventory while Seattle is at 2.5

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SFR with ADU or Two Units?

Appraisal Today

Risk to Home Values. The purchase market, which is still facing limited for-sale inventory and eroded purchasing power, saw applications down over the week and 27 percent behind last year’s pace. percent, the highest level since March 2002, from 7.08 Source: First Street Foundation Sept. million properties, 23.9

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SELLERS’ MARKET? HOW ABOUT BUILDERS’ MARKET?

Will Springer Realtor

Every year loan limits established for mortgage backers like Fannie Mae and Freddie Mac are reviewed and adjusted according to regional home values. short of providing homes for purchase to those who want one. >> This month’s headline: Inventory is at drought levels while median prices were little changed month to month.

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