Housing Wire

MAY 14, 2023

The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. This doesn’t appear to be the case for 2023.

Housing Market 419

Housing Market Marketing Inventory New Listings 419

Housing Wire

MARCH 12, 2023

Last week was wild, and not just for the housing market. Mortgage rates fell even though the jobs report was stronger than anticipated. They reversed their bearish take on bonds, and people started to buy the 10-year yield, causing mortgage rates to fall.

Housing Market 369

Housing Market Mortgage Marketing Inventory 369

Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. Here is a quick rundown of the last week: Purchase application data was down 6% weekly.

Inventory 427

Inventory Housing Market Marketing New Listings 427

Housing Wire

APRIL 3, 2023

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. Mortgage rates rose to 6.57%. Active inventory fell by 3,141, and new listing data fell again and is still trending at all-time lows.

Inventory 469

Inventory Housing Market Marketing New Listings 469

Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. How does the sharp increase in rates directly impact those homebuyers?

Housing Market 398

Housing Market Marketing Inventory New Listings 398

Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Weekly inventory increased by 1,734. The economic data was OK last week.

Housing Market 368

Housing Market Marketing Inventory New Listings 368

Housing Wire

JUNE 9, 2023

In 2022 it was all about finding a point in time when I thought mortgage rates would fall, which was key to understanding how the purchase application data would react to lower mortgage rates. We have had plenty of times in the previous decade when mortgage rates fell and demand improved, but that was with a lot lower mortgage rates.

Inventory 545

Inventory Housing Market New Listings Mortgage 545

Housing Wire

AUGUST 10, 2022

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. Once that happens, I can finally take the savagely unhealthy housing market theme off my talking points. What does this mean? million to 1.93

Inventory 519

Inventory New Listings Housing Market Sellers 519

Housing Wire

MAY 20, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. The market is just insane,” she said. “I

Housing Market 364

Housing Market Marketing Real Estate Agent Real Estate 364

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. housing market appears to have hit its nadir.

New Listings 59

New Listings Inventory Buyers Sellers 59

Will Springer Realtor

JULY 8, 2022

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011.

Housing Market 36

Housing Market Marketing Inventory HOA 36

Will Springer Realtor

AUGUST 11, 2023

NAR’s Housing Affordability Index is a good measure of whether a household earns enough to qualify for a mortgage on a typical home. We need to take an approach to the housing crisis that embraces change, is inclusive and extremely productive. None of the Seattle-area counties were on the list. >>

Buyers 36

Buyers Development Construction New Listings 36

Will Springer Realtor

FEBRUARY 9, 2024

Builders are partnering with mortgage lenders to deliver lower interest rates, either through temporary or permanent rate-busting promotions. Note: Average prices include all home sales – including ultra-luxury properties – and do not portray the housing market as accurately as median prices.)

Development 36

Development Design Housing Market Real Estate 36

Will Springer Realtor

APRIL 8, 2021

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. >> housing markets. million loans in forbearance – mortgage payments on pause, most likely for financial reasons during the pandemic.

Inventory 36

Inventory New Listings HOA Buyers 36

Will Springer Realtor

SEPTEMBER 8, 2021

One of the hottest search phrases on Google today is, “When is the housing market going to crash?”. Not “ Will the housing market crash?” We shared in a previous newsletter the many factors driving our buoyant housing market – and there is no end in sight to home appreciation. but “When.”.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

AUGUST 9, 2021

In another study , released earlier this month, Seattle’s housing affordability index fell 20%, the second-sharpest year-on-year decline after Phoenix (23%) among major U.S. The index showed a growing difficulty to afford a home even while household income and mortgage rates improved compared to last year. AUGUST HOUSING UPDATE.

Construction 36

Construction Inventory Property Taxes Development 36