Remove 2019 Remove Home Value Remove Inventory Remove New Listings
article thumbnail

Coastal California metros were the priciest  in March: Zillow

Housing Wire

Home prices are surging in major U.S. metros, with coastal California cities and Seattle leading the charge in monthly home value growth, according to Zillow’s newest market report. These metros also continue to grapple with below-average inventory recovery, maintaining pressure on buyers.

article thumbnail

Borrowers opt for permanent rate buydowns amid affordability challenges

Housing Wire

“On the surface, it may seem the market has been stirred by a full point decline in interest rates and home prices coming off their peaks – but it’s not that simple,” Graboske said. December did see home values post their sixth consecutive monthly decline, and prices at the national level are now 5.3%

Inventory 380
Insiders

Sign Up for our Newsletter

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

article thumbnail

Texas Real Estate Trends: Q3 2023 Comprehensive Review

Listing Spark

A Dip in New Mortgages With interest rates soaring to unexpected heights, many prospective homebuyers have taken a step back from applying for new mortgages. Many have been caught off guard by the spike in rates and are cautiously waiting and hoping for home values to become more affordable.

article thumbnail

Real Estate Market Trends for 2023 – Real Estate Real Fast EP11

Listing Spark

Sales were down 25% in Austin, Texas compared to 2021, and values are likely to continue decreasing in 2023. Price drops are becoming more normal, and we can expect home values to decrease by 10-15% on average across major markets. Builders will continue to target first-time home buyers with incentives. Episode Links.

article thumbnail

November Housing Update

Will Springer Realtor

Among all home types in King, new listings have fallen 26% in the past month and existing homes for sale at the start of November were down 8.1% Historically low interest rates brought buyers and investors out of the woodwork for any homes for sale. We are in a new phase of the housing market cycle.

article thumbnail

Texas Real Estate Market Report: Analyzing Trends & Predictions for 2023

Listing Spark

Months supply of inventory climbed from 0.6 months of inventory is still technically considered a seller’s market (4-6 months is considered to be a balanced market). Compared to 2021’s extremely low months supply of inventory of 0.6 2021 was a meteoric run up in home values, market activity, and consumer confidence.

article thumbnail

IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

They wonder if they missed their opportunity to buy before interest rates rise along with home values. It’s a similar tale for single-family homes as a subset of the market. New listings are up 6.3% Prices are lower month-to-month for single-family homes – down 2.9% Inventories improved fractionally.