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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. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Only from 2006-2011 did we see this break due to forced sellers who couldn’t buy homes.

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The standoff between homebuyers and sellers

Housing Wire

The only time this happened was 2006-2011 — the housing bust years. We’ve seen a massive price and payment inflation event with pricing still rising and the biggest mortgage rate increase in a single year in recent modern-day history. Now fast forward to 2022. for 2022 is going to be wrong and too low.

Sellers 501
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100+ YEARS IN, ZONING LAWS INCH TOWARD HOUSING EQUITY

Will Springer Realtor

First a look at September’s numbers: A wave of last-chance listings for the year hit the market after Labor Day. That increased new listings by 7.5% (2884 units) and available homes on the market by 12% (3602) from Sept. Seattle alone saw a 29% (1213) monthly increase in new listings. This 3-bed, 2.5-bath

Law 36
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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

The 323,465 flipped single-family, condo and townhomes in 2021 is the highest number since 2006 and represented 5.5% That includes 621 fewer Pending contracts in April 2022 than the previous April, as the net number of new listings remains on average lower than in years past. And what a thoughtful listing video.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

This was the fastest pace for combined single-family and multi-family construction since June 2006. The county saw new listings and end-month Active listings rise but Pending sales slip, suggesting buyers are no longer snatching every listing on the Northwest MLS as they become available. million units.

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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

Lawrence Yun also said this figure will be the highest rate of sales since 2006. Some highlights from the Northwest Multiple Listing Service (through July): The combined number of condo, townhome and single-family homes on the market as of Aug. The number of new listings for all home types (4428) fell 7.8% This 5-bed, 4.75-bath