2008 Buyers Construction New Listings 
Housing Wire
JULY 7, 2022
In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings. In Seattle, Dan Keller reported 47% of all listings had price reductions. Slow construction and restrictive zoning laws.
Housing Wire
FEBRUARY 24, 2023
They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6 When supply is 4.3
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Housing Wire
FEBRUARY 16, 2023
There is one simple reason for this: it’s not 2008. However, the glaring difference today versus the recession of 2008, is that in 2007 the builders had to deal with over 4 million active listings as competition for their pricey new homes. Here’s the breakout: 71,000 new homes have been completed: 1.4
Housing Wire
JANUARY 19, 2024
It happened in 2008 and then didn’t happen again until 2023. From NAR: First-time buyers were responsible for 29% of sales in December; Individual investors purchased 16% of homes; All-cash sales accounted for 29% of transactions; Distressed sales represented 2% of sales; Properties typically remained on the market for 29 days.
Listing Spark
DECEMBER 23, 2020
Median Sales Price: $270,000 (up 12%) Closed Sales: 9,660 (up 28.1%) Active Listings: 29,948 (down 27% from this time last year) 2.2 For the buyers who are looking to buy for the first time or trade up in to a bigger home, historically low rates are pulling them in to the market. Here is a list of some of the companies moving to Texas.
Will Springer Realtor
SEPTEMBER 12, 2023
The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% While there were 5.8% against the previous month.
Listing Spark
FEBRUARY 7, 2024
On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. 2) Interest rates skyrocketed and buyer demand plummeted Interest rates were the biggest story of 2023. We didn’t see a wave of panic selling like we did in 2008.
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