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Opinion: The end of seller speculation in US housing market

Housing Wire

metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%

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Housing Market Tracker: Spring inventory grows

Housing Wire

Weekly housing inventory Since new listing data was trending at all-time lows in 2023, some feared we wouldn’t see the typical spring inventory increase. After the last few weeks , we can put that fear aside: we are finally getting the seasonal increase in active listing. This link explains the difference and is worth a read.

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Housing Market Tracker: Inventory falls even lower

Housing Wire

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Here’s a quick rundown of the last week: Active inventory fell 5,383 last week, and new listing data is still trending at all-time lows in 2023.

Inventory 537
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Housing Market Tracker: Banking crisis is a new variable

Housing Wire

New listing data collapsed, but we are putting an asterisk on that data line for this week. Now the bad news: new listing data fell so much this week that I am putting an asterisk on this week’s data until we see if this is a trend or just a one-off in the weekly data that can occur from time to time.

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Housing Shortage? There is an End in Sight!

Berkshire Hathaway

In a normal market we see a 6-month supply of homes for sale and anything over that indicates it’s a buyers’ market, an inventory level below that threshold means we’re in a sellers’ market and today’s inventory level sits WELL below the norm. Though all of this we know you know, now onto the good news!

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Japanese builder Sekisui House to acquire MDC for $4.9B

Housing Wire

That’s the second deal of the Japanese company in the country since it acquired Woodside Homes in 2017. “This transaction directly aligns with our stated strategy for growth in North America and will create a more resilient portfolio for Sekisui House,” Yoshihiro Nakai, president and CEO of Sekisui House, said in a statement.

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Housing Market Tracker: Mortgage rates drop almost 1%

Housing Wire

Active inventory rose by 823 single-family homes and new listing data is trending at all-time lows. New listing data rose last week but is still trending at all-time lows in 2023. The last thing the housing market needs is for new listing data to decline, so the growth we saw last week is a plus.