Will Springer Realtor

MAY 9, 2023

Falling new inventory is constraining transaction volumes while also supporting higher home prices. It’s a dynamic not often seen in our area and it – along with stubbornly high mortgage interest rates – has generated a rollercoaster ride of data that would make Six Flags jealous. Where are all the sellers?

New Listings 60

New Listings Inventory Buyers Sellers 60

Housing Wire

JULY 24, 2023

The trends in this chart show how quickly home buyers reacted to the big mortgage rate jumps in 2022. And, by September if mortgage rates don’t jump, then the year-over-year home price changes will get much easier. You can see why home prices will likely end the year up over 2022 unless mortgage rates spike again.

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Inventory Contracts New Listings Buyers 363

Will Springer Realtor

AUGUST 11, 2023

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. NAR’s Housing Affordability Index is a good measure of whether a household earns enough to qualify for a mortgage on a typical home. An index score of 100 means that a buyer with a median U.S.

Buyers 36

Buyers Development Construction New Listings 36

Lamacchia Realty

SEPTEMBER 30, 2021

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. A slight increase in listings for both single families and condos/townhomes is a positive sign for buyers as this may help with selection. . Buyer Resources.

New Listings 54

New Listings Real Estate Realty Buyers 54

Lamacchia Realty

OCTOBER 27, 2021

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. South Florida is seeing a dip in sales, new listings, and new pending sales overall, while prices are still increasing. Buyer Resources. No Comments.

New Listings 52

New Listings Realty Inventory Buyers 52

Lamacchia Realty

AUGUST 30, 2021

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. Lately, as well, buyers who were originally looking for singles have set their sites on condos to avoid paying single family prices. Miami-Dade & Palm Beach Counties.

New Listings 45

New Listings Buyers Realty Real Estate 45

Lamacchia Realty

OCTOBER 26, 2021

The number of new listings has decreased but so has the number of pending sales, which means that inventory is lingering longer than it has been which is a positive sign for buyers. The historically low mortgage rates we have been seeing during the COVID-19 pandemic are starting to rise and are now up to over 3%.

Inventory 67

Inventory Buyers Sellers Landlords 67

Lamacchia Realty

JULY 26, 2021

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. The dip in June 2020 sales, new listings, and pending sales reflected the log jam that the real estate industry experienced during the shutdown. respectively.

Buyers 36

Buyers Sellers New Listings Realty 36

Will Springer Realtor

APRIL 8, 2021

More buyers are making larger down payments. Buyers in the U.S. The boost in equity was helped most simply by saving more while in “pandemic hibernation” and from many homeowners refinancing mortgages amid generationally low interest rates. >> million new homes as of the start of this year. BY THE NUMBERS.

Inventory 36

Inventory New Listings HOA Buyers 36

Will Springer Realtor

SEPTEMBER 8, 2021

The Institute outlined four ways innovative builders could accommodate the emerging buyer wants: Immersion into nature. If you have access to emergency funds – a 401(k), pension, gift money from friends or family, or restricted stock units (RSUs) for some tech employees – consider using them toward a new home purchase. That’s fair.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

JULY 8, 2022

This, coupled with a significant portion of homeowners standing pat with mortgages at or below 4% interest (and other factors) is causing the market to lose steam. Home shoppers often focus on the direction of mortgage interest rates, which have jumped more than two percentage points this year alone to a range of 5.75%-6.0%

Housing Market 36

Housing Market Marketing Inventory HOA 36

Will Springer Realtor

JUNE 8, 2022

Calling upon Fannie Mae, Freddie Mac and other secondary-market mortgage holders to lower the bar to ownership through tax credits, larger deductions on mortgage interest and greater options for down payment assistance can also help. >> Forty-five percent of residential mortgages in the U.S. was $1889. >>

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

AUGUST 9, 2021

The index showed a growing difficulty to afford a home even while household income and mortgage rates improved compared to last year. And, Seattle’s attempt to force building developers to incorporate more affordable homes within their new residential endeavors yielded only 21 units in 2020 out of a swell of 224 construction projects.

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

FEBRUARY 9, 2024

SPOTTING TRENDS Builders are hearing from prospective buyers: Developers are being asked to create stylish and functional homes with little compromise on size and at lower prices. Builders are partnering with mortgage lenders to deliver lower interest rates, either through temporary or permanent rate-busting promotions.

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Development Design Housing Market Real Estate 36