Housing Wire

MAY 2, 2022

As a result, markets were quick to respond, driving mortgage spreads and rates much higher than most experts expected by this time of year. At over 5%, mortgage rates are now the highest they have been since 2010. Mortgage rates should hover around 5%, but there may be more oscillation than we have seen recently.

Housing Market 384

Housing Market Marketing Buyers Inventory 384

Lamacchia Realty

JANUARY 25, 2024

With rates trying to reach equilibrium after their nosedive in 2020, everyone has had to accept that pandemic-era rates are a thing of the past and therefore higher monthly mortgage payments are here to stay. Therefore, we are in a market with the lowest amount of new listings since 1994. The opposite is happening now.

Inventory 68

Inventory Sellers Contracts Buyers 68

Lamacchia Realty

JANUARY 25, 2024

Consequently, we’re witnessing the lowest number of new listings since 2000. The hesitation to lose rates in the 3% range, coupled with concerns about higher monthly payments upon buying again, has resulted in a scarcity of new listings. Will the 2024 Real Estate Market Improve? A lot to digest.

Inventory 51

Inventory Sellers Buyers Contracts 51

Will Springer Realtor

JUNE 11, 2024

Mortgage rates have persistently hovered around 7%, taking their toll on the market. The single-family-home category – which includes townhomes – shows a 25% climb in new listings (3198) from April and a 33% rise year-on-year (YoY), and many of those homes remain on the market. across the county (2743). in Pierce ($389,950).

Buyers 51

Buyers Inventory Finance Housing Market 51

Will Springer Realtor

AUGUST 11, 2023

NAR’s Housing Affordability Index is a good measure of whether a household earns enough to qualify for a mortgage on a typical home. After peaking in 2004 at 69%, this country’s homeownership rate has slipped to 66%. None of the Seattle-area counties were on the list. >> Ah, yes, the pandemic.

Buyers 36

Buyers Development Construction New Listings 36