Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell.

Inventory 483

Inventory Housing Market Marketing New Listings 483

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The other focus should be where mortgage rates go; only a little happened last week. Also, the volume of active listings was higher in 2022 this week, even though we were working from a lower level.

Inventory 515

Inventory Housing Market Marketing New Listings 515

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. 1 song of the year.

Inventory 455

Inventory Housing Market Marketing New Listings 455

Housing Wire

APRIL 3, 2023

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. The 10-year yield and mortgage rates Last week was interesting for the 10-year yield and mortgage rates.

Inventory 480

Inventory Housing Market Marketing New Listings 480

Housing Wire

MARCH 19, 2023

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? New listing data collapsed, but we are putting an asterisk on that data line for this week. Weekly inventory increased by 1,734.

Housing Market 378

Housing Market Marketing Inventory New Listings 378

Housing Wire

FEBRUARY 27, 2023

The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year. Then rates went up almost 1% over several weeks, completely reversing the gains.

Housing Market 421

Housing Market Marketing Inventory New Listings 421

Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. Active inventory rose by 823 single-family homes and new listing data is trending at all-time lows.

Housing Market 539

Housing Market Marketing Mortgage Inventory 539

Housing Wire

MAY 20, 2022

In 2016 there were some layoff s in the energy industry, and we had about 525 homes; but, it has just been declining since then.”. According to McGrath, out-of-town buyers and local move-up buyers taking advantage of low mortgage rates have decimated the area’s housing supply. Low inventory is yet another issue.

Housing Market 386

Housing Market Marketing Real Estate Agent Real Estate 386

Housing Wire

MAY 14, 2023

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. Here’s a quick rundown of the last week: Total active listings grew 662 weekly, and new listing data is still trending at all-time lows. This doesn’t appear to be the case for 2023.

Housing Market 440

Housing Market Marketing Inventory New Listings 440

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 59

New Listings Inventory Buyers Sellers 59

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.

Inventory 312

Inventory Contracts New Listings Buyers 312

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. . April 4, 2016.

New Listings 55

New Listings Real Estate Realty Buyers 55

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. April 4, 2016. April 8, 2021.

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. Sellers should be careful about listings their homes too high, as listings increase buyers will have more selection and more bargaining power. April 4, 2016.

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%. April 4, 2016.

Inventory 67

Inventory Buyers Sellers Landlords 67

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. None of the Seattle-area counties were on the list. >> King County new listings fell 13% from June to July (2158), led by a 20% slide in Seattle (690).

Buyers 36

Buyers Development Construction New Listings 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. >> million loans in forbearance – mortgage payments on pause, most likely for financial reasons during the pandemic. of all mortgages in the country.

Inventory 36

Inventory New Listings HOA Buyers 36

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. April 4, 2016.

Buyers 36

Buyers Sellers New Listings Realty 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

SEPTEMBER 8, 2021

There are no signs of a real estate crisis, particularly in the Puget Sound region, where prices keep rising – up about 20% the past year and 68% in Seattle alone since 2016, by one measure – amid a dearth of inventory and surge of buyers. And the answer is, It’s not going to crash. See the August housing report further below, if you dare!).

Construction 36

Construction Inventory Buyers Real Estate 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. (An

Construction 36

Construction Inventory Property Taxes Development 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. The twin high-rises opened in 2015 and 2016 and sold out quickly. LUXURY LIVING Jeff Bezos is (indirectly) in the news with a new listing of his former Bellevue home.

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Development Design Housing Market Real Estate 36