Lamacchia Realty

JULY 26, 2023

Sales are down now due to major mortgage rate increases crushing buyer affordability, and sellers hesitating to list their homes because they don’t want to lose their low pandemic era rates. Listings are the lowest they have been in recorded history, click here to read our recent report (or see below in our Listings section).

Sellers 57

Sellers Inventory Buyers Contracts 57

Will Springer Realtor

JANUARY 10, 2023

The article will include the latest monthly data from the Northwest Multiple Listing Service, analysis from national and local experts and a glimpse ahead at what to expect in the coming weeks. Will Springer, Realtor®. A bright spot for buyers: Active listings for all homes as of Jan.

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

Cornerstone

FEBRUARY 15, 2022

The housing crash of 2008 resulted in more than nine million households losing their homes to a short sale, foreclosure, or bank surrender. Today’s market can handle a million (or more) new listings. When the market was flooded with foreclosures in 2008, these homes only added to the surplus of homes listed for sale.

Loan Officers 59

Loan Officers Housing Market Inventory Mortgage 59

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. October figures from the Northwest Multiple Listing Service strongly suggest prospective buyers and sellers are taking a wait-and-see approach. New listings in King were off 26% month-to-month (1583) and Active listings were down 9.4% (2296).

Inventory 36

Inventory Buyers Sellers New Listings 36

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.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

MAY 13, 2024

.” Bough presided over a trial last year that ended in a $1.8B (yes, with a “B”) verdict against the National Association of Realtors® (NAR). were flipped last year, down 29% from 2022 and the largest annual drop since 2008. With the settlement, a wave of new listings hit the market in the past several weeks.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

JUNE 9, 2021

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

MAY 9, 2022

That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. Sidenote: Adjustable-rate mortgages (ARMs), which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for new buyers financing a home.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

APRIL 8, 2021

More buyers are making larger down payments. Buyers in the U.S. home was $313,000 through February, a sharp 16% higher from a year ago, according to the National Association of Realtors® (NAR). >> Through February, the number of existing home listings across the U.S. million new homes as of the start of this year.

Inventory 36

Inventory New Listings HOA Buyers 36

Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

JUNE 8, 2022

The rate today is the same as in the late 1960s, except during the housing bubble of 2008-2010 when ownership rose – and we know how that ended up! UNMARRIED AND BUYING TOGETHER For the third consecutive year, a report from the National Association of Realtors® (NAR) noted an increase in unmarried couples purchasing a home.

Design 36

Design Construction Development Property Taxes 36