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Lower mortgage rates are stabilizing the housing market

Housing Wire

Now, with five weeks of data in front of us, we can say they have stabilized the market. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Also, I believed the risk to the housing market was if home prices grew more than 23% over the five years of 2020-2024.

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December Real Estate Market Update

Listing Spark

Across the major markets in Texas, our December real estate market update shows clear data points that we are ending the year in one of the strongest seller’s markets we have seen in modern history. . What’s driving the strength of our Texas real estate market? Months of Inventory (1.2 Interest rates.

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IS THE HOUSING MARKET HEADED FOR A CRASH?

Will Springer Realtor

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. Fast forward to today and markets here and across our nation are going through serious inflationary pressures. million for sale today.

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

just as Google opens another office building in Kirkland and Microsoft expands its 120-structure Redmond campus with plans for 17 new office buildings. All this tech construction gives new meaning to IT architecture! “A The housing market has become bubbly,” said economist Enrique Martinez-Garcia of the Federal Reserve Bank of Dallas.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Baby Boomers still have a significant impact on various aspects of society, including the housing market, healthcare and the economy. were flipped last year, down 29% from 2022 and the largest annual drop since 2008. CONDO NEWS Bellevue’s condo market continues to stand out from the rest. But for how long?

HOA 36
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Will Springer Realtor - Untitled Article

Will Springer Realtor

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. years, according to recent data, when it was only about five years just before the housing market crash of 2007. for a homeownership rate of 48.6%.

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Signs of Inflation Expand Well Beyond Housing Prices

Will Springer Realtor

Rossell sees this as a case of extreme demand pushing prices into inflationary zones for items ranging from hotel rooms, tickets to theme parks, flights and “all kinds of little weird, funky markets we haven’t even thought of at this point.”. housing markets. The screws are tightening on an already tight housing market.