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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 522
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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. “Greater participation of sellers and builders in the months ahead will make home sales possible while easing some of the pressure on price growth, which is currently rising at a double-digit percent rate and has been for almost six months.”

Contracts 531
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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. However, a significant portion of the decrease is also linked to the persistently low inventory levels due to a lack of sellers. The dip in sales in 2022 wasn’t much of a surprise; rather, it was a welcomed relief.

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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.

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JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

“We envision a country where no matter where you live, or who you are, you can enjoy living in a place that is healthy, prosperous and resilient,” Calvin Gladney, CEO of Smart Growth America, told a group of Realtors® in D.C. I am often asked by sellers what home projects should they address to get the highest return on investment.

Buyers 36