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Existing home sales data shows extent of housing inflation

Housing Wire

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years. jump from August 2021 ($361,500), as prices ascended in all regions.

Inventory 444
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29 Cutting-Edge Real Estate Marketing Ideas for 2024

Housing Wire

New findings from the National Association of Realtors (NAR) show a fresh picture of who’s buying and selling homes, with more first-time buyers entering the market and families looking for homes that fit multiple generations. Ideal for realtors looking for functionality without a big price tag.

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

The latest survey took place June 2020-October 2021 and asked 2700 adults in King, Pierce and Snohomish counties. >> >> In a survey of about a thousand professionals working full-time from home, half said they would look for a new job with remote options if their current employer required a return to the office full-time.

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RISING INFLATION, RATES TRIP UP HOUSING MARKET

Will Springer Realtor

The second half of the year will look much different than 2021. home sales has fallen from 31% in May 2021 to 27% today. The median income for Millennials who are actively buying or intend to buy a home soon is about $82K, according to the National Association of Realtors® (NAR). FOR FIRST-TIME BUYERS, NOW WHAT? in our region.

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Signs of Inflation Expand Well Beyond Housing Prices

Will Springer Realtor

home was $313,000 through February, a sharp 16% higher from a year ago, according to the National Association of Realtors® (NAR). The image was taken from a drone above The Parc, a condo in Belltown, where I am promoting one of my new listings. Month-to-month or 2021 vs. 2019 comparisons are the best options.).

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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. And many of the new projects are larger than in years past. Active listings as of Sept.

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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

Lawrence Yun, chief economist at the National Association of Realtors® said in late July: “There are indications that mortgage rates may be topping or very close to a cyclical high.” in Q1 of 2021 and is the highest rate of home flipping in the 21 st century. of all U.S. That’s up from 4.9% AUGUST HOUSING UPDATE. year-on-year (YoY).