Housing Wire

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. New listing volume last week was 18% more than a year ago. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. Why the difference?

Inventory 457

Inventory New Listings Contracts Sellers 457

Housing Wire

JANUARY 29, 2021

However, contract signings rose 21.4% Realtor.com’s Housing Market Recovery Index showed significant contract growth, specifically in Portland, Las Vegas, Denver, Los Angeles, and Boston. There is a high demand for housing and a great number of would-be buyers, and therefore sales should rise with more new listings,” Yun said.

Contracts 529

Contracts Real Estate Housing Market Technology 529

Lamacchia Realty

JANUARY 30, 2024

The attempt to restore equilibrium in interest rates, following their drastic drop in 2020, brought about then of pandemic-induced rates, resulting in a sustained presence of higher monthly mortgage payments. In 2023, there were 16,348 homes placed under contract, representing a decrease of 16.4% Maine Sales Decreased by 18.9%

Inventory 54

Inventory Sellers Buyers Contracts 54

Will Springer Realtor

MAY 13, 2024

home sales in 2023, the highest level since 2014. MAY HOUSING UPDATE Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. About three-quarters of the 459 residences are under contract with a target opening late this year. Prices rose, too, to near-record highs.

HOA 36

HOA Transportation Construction Buyers 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. home prices, up 14% year over year (YoY) by one measure, and escalating mortgage rates, which have risen about 2.1 The potent combo of rising U.S. home (about $400,000 vs. $880,000 in King County).

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

MAY 9, 2023

month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%. Kitchen and bath professionals are reporting 3.9-month 2 in the U.S.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

AUGUST 9, 2022

RECESSIONS AND MORTGAGE RATES Recent data and the traditional definition show we are now in a recession even though there is debate among economic and political folks. this chart shows, each time the economy slowed significantly, mortgage rates declined. 48% own homes, reflecting a steady rise since 2014. of all U.S.

Inventory 36

Inventory Buyers New Listings Construction 36