Will Springer Realtor

JUNE 11, 2024

The number of homes going under contract fell from April to May by 13% in Seattle to 876 units and slipped 1.2% In addition, the rate of Seattle homes under contract within 30 days on the market fell from 62% in April to 57% last month; Eastside homes found buyers in four weeks or less 71% of the time in May, down from 74% in April.

Buyers 52

Buyers Inventory Finance Housing Market 52

Will Springer Realtor

MAY 14, 2024

Every key data point from the Northwest Multiple Listing Service (MLS) gained ground against the previous month – as often happens with the spring housing season taking stride – including the number of new and active listings, homes going under contract and final sales. away from the May 2022 high.

Marketing 36

Marketing Inventory Buyers Sellers 36

Listing Spark

FEBRUARY 7, 2024

trillion in 2022 and an eye popping $4.51 in 2022 to 3.3 in 2023 Active listings jumped 13.9% The list price to sales price ratio in Houston was 97.3% YOY to $335,000 Closed sales dropped 7% Active listings climbed 15.9% in 2022 to 3.4 National mortgage originations closed the year at less than $1.5

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

DECEMBER 12, 2023

The Eastside led the way with a 33% drop-off in new listings (420) and Seattle fell 31% (586). By comparison, there were exactly 2900 new listings across our county in November 20 years ago. Since January 2022 – when home sales were 6.3M Americans are selling homes at an annual rate of 3.8M units, a 13-year low.

Housing Market 41

Housing Market Marketing New Listings Buyers 41

Will Springer Realtor

MAY 13, 2024

Data experts mapped out this cohort’s gradual decline – from about 32M in 2022 to 23M in 2035, or approximately 9.2M were flipped last year, down 29% from 2022 and the largest annual drop since 2008. That’s up from 36% of sales in 2022 but far from the peak this century of 45% in 2011, according to ATTOM. >>

HOA 36

HOA Transportation Construction Buyers 36

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.” 

Housing Market 36

Housing Market Marketing Buyers Sellers 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). The county saw a 4.9% drop (542).

Sellers 58

Sellers Buyers New Listings Inventory 58

Will Springer Realtor

JANUARY 9, 2024

The past year witnessed a financial rollercoaster, with interest rates fluctuating between 5.99% and 8.03% for conventional 30-year mortgages, according to Mortgage News Daily. The Fed’s revised lending forecast sparked a celebratory mood among investors, particularly those tracking U.S. Treasurys and mortgage-backed securities.

Mortgage 36

Mortgage Real Estate Law Lending 36

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. Buyers and sellers tiptoed through caution.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

MARCH 14, 2023

The number of new listings of all home types (single-family, townhome and condo) in King County climbed 6.4% (1866 units) from January to February, as expected, and total inventory at the start of March (2064) was 111% higher than a year ago. each month between 2003 and 2022.) decline from February 2022.

Marketing 36

Marketing Buyers Inventory Sellers 36

Will Springer Realtor

JUNE 13, 2023

Today’s YoY declines underscore just how far the market has shifted from 2021 and 2022. Prices for all home types combined (single-family, townhome, condo) in May 2022 were up 14% YoY across King, 27% on the Eastside and up a “modest” 7.9% Mortgage rates are generally established by investors who buy them in bulk as securities.

Buyers 36

Buyers Inventory Construction Finance 36

Will Springer Realtor

OCTOBER 11, 2022

While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. 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. Not in 2022.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Empire Appraisal Group

MARCH 16, 2023

Houses received multiple strong offers soon after a house went on the market, often going under contract within a matter of days. Over time, as more houses closed at higher prices, comps continued to support atypical list prices. Even investors are shying away from the marketplace.

Sellers 78

Sellers Inventory Realtors Clients 78