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The mortgage rate lock-in didn’t start in 2022

Housing Wire

After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. We see the same pattern in the new listings rate each week.

Mortgage 359
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Is housing inventory growth really slowing down?

Housing Wire

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. Redfin : Realtor.com : Altos Research : Clearly, we are seeing a slowdown in new listings as the data has been negative now for months. What does this mean?

Inventory 519
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Experts optimistic about home sales in 2021

Housing Wire

drop in November , according to a report from the National Association of Realtors. 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. pending home sales dipped to the tune of 0.3% in December following a 2.6%

Contracts 529
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2023 Maine Year in Review

Lamacchia Realty

The frenzied market of 2021 was unsustainable, and consumers and REALTORS alike hoped for a return to normalcy. You’ll see that 2023 was the lowest number of home sales since 2014 and that sales have made significant declines over the past two years.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

” 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). home sales in 2023, the highest level since 2014. With the settlement, a wave of new listings hit the market in the past several weeks.

HOA 36
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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

Lawrence Yun, chief economist at the National Association of Realtors® said in late July: “There are indications that mortgage rates may be topping or very close to a cyclical high.” 48% own homes, reflecting a steady rise since 2014. The number of new homes for sale fell 19% (4009) across the county from June to July and 9.5%

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

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. 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. Some believe it can’t.