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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

This looks a lot like the housing boom that we saw prior to the 2007–09 financial crisis.” That percentage was last seen in September 2007 – yes, at the start of the housing crisis (as the chart shows). UPDATE: This home is now under contract, pending inspection. The national numbers are starting to be concerning.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

They have declined for two consecutive months, according to the National Association of Realtors®. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. But, in speaking to a political-affairs lobbyist for Washington Realtors®, the bill became “watered down.”

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FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

Waller went on to say this adjustment is in no way like the horrific housing/financial crises of 2007-2010. That’s according to a survey of 1,002 Hispanic Americans by The National Association of Realtors®. >> That’s the first time a Fed official has acknowledged the U.S. We are nowhere near that! from this time last year.

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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

That’s the most since 2007. median figure is $320/month. >> Recent data from the National Association of Realtors® show buyers put down an average 12% of the purchase price on a home. Just more than 4,000 homes went under contract last month across all home types in King, a 4.3% increase from July but down 8.9% year-on-year.

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IS THE HOUSING MARKET HEADED FOR A CRASH?

Will Springer Realtor

There are at least five factors that make this housing environment far different – and more stable – than roughly a decade ago: Low inventory and lack of supply – There were some 4 million homes on the market nationally in July 2007 compared with about 1.1 The listing agent calls it “modern farmhouse.” million for sale today.