Housing Wire

MARCH 6, 2024

The benchmark rate was last changed in July 2023, when it was raised to a range of 5.25% to 5.5%. 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.

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Mortgage Real Estate Inventory Construction 344

Housing Wire

MARCH 1, 2024

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.” With existing inventory down, Schuler said new construction has taken on a larger role in his market. 23, 2024. “If

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Housing Market Marketing Inventory Construction 394

GoForrmz

OCTOBER 26, 2022

Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023. Whether you’re searching for forms for construction , property management, home services, buying, or selling, we’re here to help. But there is one thing for certain: technology has changed the overall industry.

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Real Estate Contracts Clients Real Estate Agent 78

Housing Wire

JUNE 18, 2023

Active housing inventory grew while new listing data fell. New listings data is another big story with housing inventory. Since the second half of 2022, it has been trending at all-time lows This trend has continued all year long, so we have limited new housing to work with.

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Housing Market Marketing Inventory New Listings 450

Housing Wire

FEBRUARY 24, 2023

They still have a lot of work to do here, so we shouldn’t expect anything good to come from the housing permits side of the economy in 2023. New home sales From Census : Sales of new single-family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, according to estimates released jointly today by the U.S.

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Inventory Construction Housing Market Mortgage 422

Listing Spark

SEPTEMBER 25, 2023

Fewer New Listings The number of new listings hitting the markets has continued to fall, mainly because a substantial segment of the market that was both buying and selling has essentially disappeared. The Rise of New Construction Homes New construction is stepping up to fill the void in the market.

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Real Estate Sellers New Listings Inventory 69

Housing Wire

AUGUST 23, 2023

New home sales According to the recent Census report , “Sales of new single‐family houses in July 2023 were at a seasonally adjusted annual rate of 714,000, according to estimates released jointly today by the U.S. They will build as long as new home sales are growing. months, the builders will pause construction.

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Mortgage Inventory Construction Sellers 360

Listing Spark

JANUARY 12, 2023

In this episode of Real Estate Real Fast, Aaron Jistel discussed the market trends of 2022 and 2023. Sales were down 25% in Austin, Texas compared to 2021, and values are likely to continue decreasing in 2023. 2022 Market Trends: Decrease in sales, values, and new listings in Austin, TX; median home value up 9.9%

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Real Estate Marketing Home Value Inventory 36

Housing Wire

JULY 25, 2022

Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”. in 2022 but will drop to 4% in 2023. trillion 2023, down from $4.8 Supply chain disruptions and cost inflation moderated somewhat for new homes.

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Housing Market Marketing Supply Chain Real Estate 395

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. Yesterday on CNBC , I talked about the state of the housing market and how important it was that the builders’ confidence data was rising because that keeps construction workers employed and building homes. I call it an alligator chart opening its mouth, see below.

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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. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

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Inventory Housing Market Marketing Construction 374

Housing Wire

NOVEMBER 28, 2022

The question now is whether there is a way to avoid the job-loss recession we’re facing in 2023. 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. “The did not go into a recession at the start of 2022.

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Transportation Construction Housing Market Mortgage 518

Listing Spark

MARCH 9, 2023

With the Texas real estate market constantly changing and evolving, it can be difficult to stay informed on current trends or predict what will happen in 2023. That trend continued throughout 2022 and into January of 2023. 2023 January Data: Median Sales Price: up 4.2% Month-to-Month Pending sales: 2,581 (Down 16%YOY) Up 32.4%

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Real Estate Marketing Inventory Sellers 36

Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. Let’s look at the signals for the week of September 11, 2023. The median price of the newly listed cohort is $390,000 now, that’s down from last week and essentially unchanged vs last year. housing market now.

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Contracts Inventory Housing Market Buyers 361

Housing Wire

JUNE 26, 2023

This has led Fannie Mae to revise its 2023 single-family originations forecast to $1.59 This lack of inventory has also resulted in the return of home price growth in recent months and has boosted new home construction, Fannie Mae ‘s Economic and Strategic Research (ESR) Group said Monday. trillion, down from $1.65

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Inventory Construction New Listings Housing Market 348

Listing Spark

FEBRUARY 7, 2024

The 5 most notable events in Texas real estate from 2023 1) Home values flattened or declined in most of the major markets It’s no surprise that soaring home prices came down to earth in 2023. For example, in the city of Austin, home prices were essentially flat at $523,250 for the year (down only 0.43% in 2023).

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

FEBRUARY 13, 2024

The number of newly listed homes more than doubled from December and increased moderately compared with the same time last year, according to data from the Northwest Multiple Listing Service (MLS). The final months of 2023 were among the quietest periods in recent memory for residential real estate amid a slow year overall.

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New Listings Buyers Inventory Lending 53

Will Springer Realtor

MARCH 12, 2024

This return of buyers follows a sluggish late 2023. About two-thirds of all King County listings sold last month at the list price or above, signaling a competitive environment and extending this long-running sellers’ market. Because new home construction hasn’t kept up. February’s price was 7.6%

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Buyers Construction Sellers Inventory 55

Will Springer Realtor

AUGUST 15, 2023

After a pandemic-induced free-for-all, where newly listed homes could be off the market in hours and prices soared into a stratosphere more recognizable by the Blue Angels, we are now “enjoying” a period of rest and re-evaluation in summer 2023. monthly decline in available Seattle listings (793). The county saw a 4.9%

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Sellers Buyers New Listings Inventory 58

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. annualized for 2023 but only 3.4% by the end of 2024. YoY in 2024.

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Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

SEPTEMBER 12, 2023

fewer new listings, the rate of sales rose 1.7% Two data points stood out from the latest report by the Northwest Multiple Listing Service: The aforementioned new listings for all homes in the county – 2684 – is at a low not seen for an August since records were shared with brokers (like me) dating back to the mid-1990s.

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Finance Inventory Construction Buyers 67

Will Springer Realtor

JANUARY 10, 2023

The number of new listings for all home types – single-family, townhomes and condos combined – in King (887) fell 47% from November and declined 36% from December 2021. The bar is so low on listings and sales data that one might trip over it. What else can we expect in 2023? Economists across the U.S.

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Will Springer Realtor

AUGUST 11, 2023

Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). The national trend for new construction, however, is generally moving in the opposite direction. In the 1990s, one-third of new homes were smaller than 1800 sq.

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Buyers Development Construction New Listings 36

Will Springer Realtor

JANUARY 9, 2024

BY THE NUMBERS >> Seattle metro leads the nation with construction cranes – 45 – according to a Q3 summary from the RLB Crane Index. That includes 36 new cranes since the previous report, and it is more than larger U.S. That includes 36 new cranes since the previous report, and it is more than larger U.S.

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Mortgage Real Estate Law Lending 36

Will Springer Realtor

SEPTEMBER 12, 2023

A concrete and steel cover connecting First Hill to downtown, for example, would reduce traffic noise, potentially add more parkland and encourage construction of new housing. The few homes that are available are selling quickly and at or above list price.” fewer new listings, the number of sales rose 1.7%

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Sellers Development Retail Real Estate 36

Will Springer Realtor

OCTOBER 11, 2022

I’m not going to answer that – my crystal ball is broken – but if some economists had their way, it would be a definite possibility for 2023. in 2023 for single-family homes. Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. from today’s U.S. figure of 8.3%.

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Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

APRIL 11, 2023

Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.”  Pending sales are one of our favorite housing market data points – along with the number of mortgage applications and new listings – to track buyer intent and market intensity.

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Housing Market Marketing Buyers Sellers 36

Will Springer Realtor

OCTOBER 11, 2023

Suburban residents can be almost assured of the peaceful enjoyment of their home without worrying about a neighbor constructing a rollercoaster or baseball stadium next door. >> A full 19,396 apartment units are under construction in Seattle metro, according to a Q2 report from Berkadia, a U.S. . = Zoning laws in the U.S.

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Law Development Design Government 36

Will Springer Realtor

NOVEMBER 14, 2023

From health-care and auto workers – even Hollywood actors – Americans have hit the picket lines in greater numbers in 2023. Sales activity across the county is at historic lows; no October has experienced fewer listings in King County – not even close – since at least 1992 when records were first archived online. Closed sales fell 0.9%

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

FEBRUARY 14, 2023

From a macro perspective, the 2023 outlook for home buyers is the best it’s been for three years. The number of Pending sales soared 51% since December for all home types in King County to 1820 listings under contract, including a 69% boost on the Eastside (480) and a 47% jump in Seattle (610).

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Housing Market Marketing Inventory Buyers 36

Will Springer Realtor

OCTOBER 8, 2021

Construction could start as soon as 2022 on an ambitious three-tower project known as Cloudvue. The Knight Frank survey covered 49 global markets. >> Seattle is on pace to have one of the slowest annual growths in apartment-unit construction in the U.S. New listings are up 6.3% 1 vs. Sept. Median condo prices were up 1.9%

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Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

DECEMBER 12, 2023

at this time in 2023 (quite optimistic!). I am finishing up my annual blog post that looks back at 2023 and takes a glimpse ahead at the full picture – housing, economy, jobs and new technology. cities, up a notch from the 2023 report. A year ago, realtor.com believed rates would end this year at 7.1% (pretty darn close).

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Real Estate Buyers Housing Market Law 36

Will Springer Realtor

AUGUST 9, 2021

And, Seattle’s attempt to force building developers to incorporate more affordable homes within their new residential endeavors yielded only 21 units in 2020 out of a swell of 224 construction projects. Developers opted to pay fees to the city totaling $68M instead, funds that help construct affordable homes in other parts of the city.

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Construction Inventory Property Taxes Development 36

Will Springer Realtor

JULY 9, 2021

Construction is underway on the 48-story, 459-unit, ultra-luxe residence with about 70% of inventory presold (minimum 5% down at signing). Target opening is spring/summer 2023. Constructed for condo living more than a decade ago, the building originally opened as an apartment. On to new listings, and we start far away.

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