Housing Wire

DECEMBER 7, 2022

These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22

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Listing Spark

DECEMBER 23, 2020

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. . The good news is, home owners have more equity, homes are rapidly appreciating in value, we have an extreme shortage in homes.

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Will Springer Realtor

MAY 13, 2024

SETTLEMENT FOLLOW-UP A judge has preliminarily approved the $418M antitrust class-action settlement involving sellers’ compensation to brokers/agents in residential real estate sales. News of the settlement and its impact topped last month’s newsletter. were flipped last year, down 29% from 2022 and the largest annual drop since 2008.

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Will Springer Realtor

MAY 9, 2022

You would be hard-pressed to find economists proclaiming that today’s housing environment in the PNW is nearing anything close to the 2008-type bust. the highest percentage since Q3 of 2008. ” The increased number of listings and slight slow-down of the market have helped boost inventory numbers. It’s modernism in Medina!

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Architecture Design Buyers Construction 36

Will Springer Realtor

APRIL 8, 2021

Here’s the key difference between now and 2008-2010: Homeowners have record levels of equity and should be able to tap into that to sell their homes – probably for a profit in this sellers’ market – and avoid foreclosure. The image was taken from a drone above The Parc, a condo in Belltown, where I am promoting one of my new listings.

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Inventory New Listings HOA Buyers 36

Will Springer Realtor

MAY 12, 2021

The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. There was plenty of excess in our region too, with about 23,700 listings (comprising all home types) across King and Snohomish counties in July 2008 (green). Listed at $1,995,000 ($725/sq.

Real Estate 36

Real Estate Inventory Buyers Construction 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. The average King County single-family listing sold in May 9.5% The listing agent calls it “modern farmhouse.”

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Housing Market Marketing Inventory New Listings 36