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The new home sales recession continues

Housing Wire

So for now, the builders will take their time with the homes under construction and make sure they offer enough incentives to unload the new home supply they’re dealing with. We had missed sales estimates in 2013, 2014 and 2015. This time, we have less production of homes and more multifamily construction. When supply is 4.4

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2023 Real Estate Forecast: Market to Regain Normalcy

Empire Appraisal Group

Existing-home sales are expected to end the year 16% down from the same time period in 2021, marking their lowest level since 2014, Yun said. NAHB: Sharp Contraction in Construction. There will be a lot of resetting expectations for both buyers and sellers.”. Sellers have to process all of this, and that is underway now.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. Homes considered “affordable” tend to be at or below 80% of median family income levels and only 23,877 units have been constructed across the state since 2020 – about 3.3K

HOA 36
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Expectations for 2022 in Seattle/King County Real Estate

Will Springer Realtor

Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. New construction across King is projected to decline a surprising 11% in dollar terms in 2022. in the 12 months ending in August 2021 and it follows strong double-digit activity 2014-2019. established at the start of 2021.

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Houston Real Estate Market Forecast: Current Data & 2022 Predictions

Houston Properties

While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). Why We're Fearful: Buyer & Seller Mistakes. Why We’re Fearful: Buyer & Seller Mistakes. "A Year Built: 2014.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Avoid 9 Costly Mistakes Sellers Make. We also believe these trends will create limited appreciation for inner loop neighborhoods known for small lots, choppy floor plans, with lots of construction from the 1990’s – 2010, especially zoned to not-top-ranked schools. Properties are still going under contract. Need To Sell?

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

All this tech construction gives new meaning to IT architecture! “A Another 1350 are under construction with delivery in the next two years, including the high-end Avenue Bellevue. The spread between a 30-year and ARMs – in which rates can be adjusted typically after 5 or 7 years – is the widest since 2014. million sq.