Remove 2017 Remove Buyers Remove Inventory Remove Sellers
article thumbnail

Housing Market Tracker: Spring inventory grows

Housing Wire

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. Since 2020, the seasonal inventory bump has happened later than usual — not until March or April.

Inventory 516
article thumbnail

Opinion: The end of seller speculation in US housing market

Housing Wire

Even though sellers’ median valuations in each of these housing markets grew by an astounding 40% or more over the previous year, only one market, Panama City, Florida, saw a year-over-year increase in the number of homes newly listed for sale. The end of seller speculation in the housing market is long overdue and welcome news for buyers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Minority homeownership gains ground, but disparities persist: NAR

Housing Wire

“While the gains should be celebrated, the pathway into homeownership remains arduous for minority buyers.” But it fell slightly from 2021 (65.4%) due to higher mortgage rates and inventory constraints. Minority buyers, in particular, face difficulties in saving for a down payment, exacerbated by high rent prices and student loan debt.

Buyers 414
article thumbnail

How the housing market will evolve in 2023

Housing Wire

Inventory What does that mean for housing? Until mortgage rates drop below 5.5%, we can expect low housing supply, which favors sellers. We can also expect low housing demand, which favors buyers. Since the COVID-19 pandemic lockdowns of 2020, inventory has dropped to record-low levels both in 2021 and 2022.

article thumbnail

Housing Market Tracker: Banking crisis is a new variable

Housing Wire

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. New listing data collapsed, but we are putting an asterisk on that data line for this week.

article thumbnail

Homes DO Sell During the Holidays

Lamacchia Realty

Quite often, too often, in fact, REALTORS ® hear home sellers say that they want to take their home off the market for the holiday season. Their  Their concerns usually stem from the misconception that buyers are not looking during November and December because they’re halting their search for the holidays.

Sellers 66
article thumbnail

Homes in Boise, Idaho are “flying off the market”

Housing Wire

In high-demand areas where only one or two properties come on the market, maybe in a month, we’re seeing [buyers paying] upwards of $100,000 to $150,000 over asking price.”. months worth of housing inventory, which is the lowest ever, the report from Keller Williams said. Then, a separate bidder offered $830,000, and won. “If

Marketing 531