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Housing Market Tracker: Still no spring inventory lift

Housing Wire

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Here’s a quick rundown of the last week: The 10-year yield battle continues as bond yields rose early in the week only to close below 3.50% on Friday. The chart below shows how the weekly 10-year yield ended with lower bond yields.

Inventory 491
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NAR Appraisal Survey 2022

Appraisal Today

Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. 54% of appraisers report that appraisal management companies (AMCs) have been among the greatest challenges in their businesses in the past year; 30% cite expanding regulations.

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Seattle/King County Activity, Prices Show a Monthly Jump

Will Springer Realtor

Mixed economic numbers have turned that smile upside down among interest-rate watchers, as inflation persists and employment stays healthy. As a result, home buyers and sellers across Seattle/King County saw a mixed bag of activity in February, according to the Northwest Multiple Listing Service (MLS). in Seattle.

Buyers 56
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King County Housing Market ‘Springing’ in Right Direction

Will Springer Realtor

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. 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.

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RISING INFLATION, RATES TRIP UP HOUSING MARKET

Will Springer Realtor

Our shrinking wallets have people delaying bigger purchases or at least looking for bargains when possible – including homes. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. Rainier-esque peak of a decade past!