Housing Wire

JUNE 18, 2023

Active housing inventory grew while new listing data fell. 9, 2022 , this data has been forming a bottom-end range. This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. 9 is a critical date because that’s when the housing market turned.

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Housing Wire

AUGUST 3, 2022

To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. The question is, can lower mortgage rates save the housing market from its recent downtrend? We know the impact in 2022, working from the highest bar in recent history. Higher rates and sales data.

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Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Now that we’re in 2024, the Federal Reserve ‘s rate hike cycle is over, so let’s look at what that means for housing demand and home prices. What could make home prices decline?

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Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.”

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Empire Appraisal Group

AUGUST 3, 2023

Hurricanes present unique housing market events. Their immediate impact on the local real estate market is harsh, but investors often rush in and the number of real estate transactions bounces back and often increases. Put another way, the metro area had a net gain of 415 more new listings. Bokhari says.

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Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. in 2022 but will drop to 4% in 2023. in 2022 but will drop to 4% in 2023.

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Housing Wire

AUGUST 1, 2023

Zillow Group ‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market. New single-family home sales rose 23.8% million lost in Q1 2022.

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Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. However, housing affordability worsened.

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GoForrmz

OCTOBER 26, 2022

Get ahead with real estate automation The real estate market has seen a lot of unusual trends in the past couple years, and it’s no surprise things have been pretty weird. In 2021 , we saw houses receive multiple offers and sell for thousands of dollars over asking price within hours.

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Housing Wire

MARCH 6, 2024

Still, contacts emphasized that the number of units for sale stayed far short of what they considered a balanced market, and that a dearth of inventories had contributed to faster house price growth from 2022 to 2023. New York: Housing markets strengthened as the spring selling season got underway a bit earlier than normal.

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Housing Wire

FEBRUARY 24, 2023

Census Bureau and the Department of Housing and Urban Development. percent) below the January 2022 estimate of 831,000. As I have stressed for months, the new home sales levels are historically low and don’t account for the cancellation rate. To get more inventory you need more Americans to list their homes. percent (±20.4

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Housing Wire

FEBRUARY 16, 2023

Looking at the latest NAHB/Wells Fargo homebuilder confidence data and builder stock prices, I can say the homebuilders got very lucky this time around in the middle of a housing recession. They have less competition as they are working from low sales levels in today’s housing market. percent (±15.9 percent (±10.6

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Housing Wire

JANUARY 19, 2024

from December 2022 to $382,600 – the sixth consecutive month of year-over-year price increases. Something notable about this report: Total active listings as the NAR tracks them almost broke under 1 million again. Our tracker articles have a lot more details about the current weekly market and we publish those each Saturday.

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Housing Wire

JUNE 16, 2021

Another month of steadily increasing home prices and insatiable demand led Fannie Mae ‘s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures. The reason?

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Housing Wire

AUGUST 23, 2023

Builders are taking advantage of the housing market inventory issues , which is why new home sales are growing yearly, even with higher mortgage rates. Census Bureau and the Department of Housing and Urban Development. While existing home sales are still negative year over year, new home sales are growing year over year.

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Housing Wire

FEBRUARY 16, 2024

Housing starts came in lower than estimates in the first month of the year, as the cold winter dampened activity. New construction starts fell to a seasonally adjusted annual rate of 1.331 million units, down 14.8% Department of Housing and Urban Development (HUD). New starts in the Northeast and the Midwest fell 20.6%

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Raleigh Realty

JULY 12, 2022

A healthy housing market indicates a healthy national economy. It’s no secret Raleigh is an up-and-coming city, but how’s the local real estate market doing? Let’s take a deep dive into emerging data in Wake County from 2022 and narrow down on key Raleigh real estate trends. of its original list price in Q1 of 2022.

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Housing Wire

NOVEMBER 28, 2022

did not go into a recession at the start of 2022. housing market went into recession in June of this year, which I talked about a few months ago on CNBC. New and existing home sales are falling, along with housing permits and starts, as we have too many new homes for the builders to issue new permits.

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Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. housing market now. That’s frankly surprising given how cold the housing market froze last fall. There are no signs of any surge in listings, and as a result we’ve seen a floor on home prices.

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Will Springer Realtor

JANUARY 10, 2023

This marks the introduction of a new feature. Each month, this blog will publish a fresh assessment of the King County area housing market. A patch of foul weather and persistent economic challenges chilled an already cold housing market. The bar is so low on listings and sales data that one might trip over it.

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Listing Spark

SEPTEMBER 25, 2023

Navigating Texas Real Estate with Rising Interest Rates We’re heading into Q4 of a tough year for the real estate market. But by mid-2022, they shot up to over 6%. While many thought it’d spell bad news, the total meltdown hasn’t happened. Here are five of the biggest change in the Texas Real Estate market.

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Will Springer Realtor

APRIL 11, 2023

“After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

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Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. The inter-bank rate stands at about 3.1%, coincidentally the exact figure that Freddie Mac reported at the start of 2022 as the average mortgage rate in the U.S. OCTOBER HOUSING UPDATE.

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Will Springer Realtor

FEBRUARY 14, 2023

Inflection points are important in finding those signals and since last month’s assessment of the market, we are beginning to see what appear to be important – possibly significant – upward inflection points in housing market data. Another positive sign: The number of new listings surged from the previous month.

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Will Springer Realtor

MARCH 10, 2023

MARCH HOUSING UPDATE The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.”

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Will Springer Realtor

MAY 13, 2024

America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades. Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. shy of the need. But for how long?

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Will Springer Realtor

SEPTEMBER 8, 2021

The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. and another 10% boost in 2022. 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.

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Listing Spark

MARCH 9, 2023

Whether you’re already established in Texas or just considering entering the Lone Star State’s housing market soon, these insights could prove invaluable when making crucial decisions about your investments! In June 2022, what was expected to be a thriving summer sales season quickly took an unexpected turn.

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Housing Wire

JUNE 26, 2023

Current housing market dynamics continue to be fueled by the lack of existing homes available for sale, a trend that did not improve during the spring homebuying season , when more homes are typically put on the market. This has led Fannie Mae to revise its 2023 single-family originations forecast to $1.59

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Listing Spark

FEBRUARY 7, 2024

The market froze as a result of buyer fear and an already strained affordability issue. trillion in 2022 and an eye popping $4.51 Buyers had lost confidence in the direction of the market and wanted to wait and see how things would shake out with the FED’s potential rate cuts in 2024. in 2022 to 3.3 in 2022 to 3.4

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Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

AUGUST 15, 2023

The season has been shaped by slumping new listings, a slowly climbing number of homes sitting on the market from previous months, fewer closed sales compared to last year and prices moving plus/minus five percentage points year-on-year (YoY). monthly decline in available Seattle listings (793). on the Eastside.

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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. In 2022, the index fell off the cliff: Homeownership remains a great way to build wealth, especially for the middle class and people of color, who may have few investments. counties are in our region.

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Will Springer Realtor

JANUARY 9, 2024

It’s a positive shift that could soon reshape the landscape of the housing market, offering hope and opportunities for those eager to embark on a new homeownership journey. BY THE NUMBERS >> Seattle metro leads the nation with construction cranes – 45 – according to a Q3 summary from the RLB Crane Index.

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Will Springer Realtor

JANUARY 11, 2023

A patch of foul weather and persistent economic challenges chilled an already cold housing market. The Northwest MLS monthly housing report described it best: “December ends with a ‘whimper’”. CONDO NEWS. Here are some that were touted in this newsletter within the last year – and are still on the market today.

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Housing Market Contracts Architecture Buyers 36

Will Springer Realtor

MAY 9, 2023

The $180B kitchen and bath market is leading the home-improvement charge and, despite economic headwinds for many households, industry experts see no end in this modernization movement. months in Q2 of 2022, according to a survey conducted by John Burns Research & Consulting. Kitchen and bath professionals are reporting 3.9-month

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Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

MARCH 14, 2023

The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.”

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Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. County economists forecast a 2024 decline in new construction, slipping to $9.9B

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