McKissock

DECEMBER 10, 2021

As the end of the year approaches, housing market predictions for 2022 abound. Fortune reviews various 2022 housing forecasts, focusing specifically on home price growth. Redfin predicts a more balanced residential market in 2022. Predictions for the top housing markets of 2022 may surprise you.

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Housing Wire

OCTOBER 20, 2022

The 30-year fixed-rate mortgage continues to remain just shy of 7% and is adversely impacting the housing market in the form of declining demand,” Sam Khater, Freddie Mac’s chief economist, said in a statement. Mortgage rates were 7.22% for conforming and 6.15% for jumbos at Mortgage News Daily on Wednesday, a spread of 107 bps.

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Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” Both buyers and sellers are coming back to the market,” Fischer said. Like elsewhere in the country, Indiana has struggled with housing inventory. Very few new construction homes are going up in our area,” Diamond said.

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Housing Wire

AUGUST 3, 2022

The question is, can lower mortgage rates save the housing market from its recent downtrend? They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. We see some of this in the active listing data as new listings are declining. housing market.

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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

JUNE 21, 2021

Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. It’s like a horse race.

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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%

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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. The market is going to go into correction,” he said. “I

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Housing Wire

JULY 20, 2021

Mortgage applications for new home purchases in June decreased 3% from May and 23.8% year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. “Last year was the strongest year in the housing market for new home sales in over a decade,” he said.

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GoForrmz

OCTOBER 26, 2022

In 2021 , we saw houses receive multiple offers and sell for thousands of dollars over asking price within hours. Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023. Convert a pdf to a fillable form or easily create a new form from scratch–no code required.

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Housing Wire

MARCH 6, 2024

The spring homebuying season, which got underway a bit earlier than usual, was off to a good start in districts like New York and Dallas. Boston: Residential Realtors expressed growing optimism as both property listings and pending home sales increased. Most expect their pipeline of contracts to keep construction busy through the year.

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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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Housing Wire

JUNE 6, 2023

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. New York – The residential sales market has been strong across the District.

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Housing Wire

FEBRUARY 24, 2023

They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). 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.

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Housing Wire

JANUARY 19, 2024

Something notable about this report: Total active listings as the NAR tracks them almost broke under 1 million again. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale.

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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. months of supply.

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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. While existing home sales are still negative year over year, new home sales are growing year over year. New Home Supply New home supply is a more complicated matter.

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Housing Wire

FEBRUARY 25, 2021

Despite the decline, many industry observers see big potential for the housing market in the year ahead. It’s no secret that low mortgage rates and societal shifts brought on by COVID-19 have collided to form a red-hot housing market. And inventory shortages are the culprit. But home prices have increased.

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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). Census Bureau and the U.S.

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Housing Wire

SEPTEMBER 12, 2023

The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. So, the author tried to use new construction prices from back in April to describe the whole U.S. housing market now. housing market now. It’s not a repeat of last year.

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Housing Wire

NOVEMBER 28, 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. did not go into a recession at the start of 2022.

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Listing Spark

DECEMBER 23, 2020

Median Sales Price: $270,000 (up 12%) Closed Sales: 9,660 (up 28.1%) Active Listings: 29,948 (down 27% from this time last year) 2.2 In my 50 years in the real estate business, I have never seen a market defy supply and seasonality the way Houston has – amid a pandemic, no less,” said HAR Chairman John Nugent with RE/MAX Space Center.

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Will Springer Realtor

AUGUST 11, 2023

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. Real estate pros – some of the most optimistic bunch in any industry – acknowledge this is a housing dilemma. An index score of 100 means that a buyer with a median U.S.

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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. 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. The big twist? A sharp increase in interest rates.

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Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. The market has, ahem , evolved in the four years since. monthly decline in available Seattle listings (793). on the Eastside.

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Berkshire Hathaway

MAY 5, 2021

The trend this year seems to be among buyers “why is it so hard to find a house” Well one of the answers is we are in the ultimate sellers’ market, which means the market it very competitive for buyers right now. Though buyer shouldn’t be alarmed.

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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. housing market is experiencing a price “correction,” defined as a 10% price drop from its most recent peak. The next 12-24 months are likely going to be quite a challenge for prospective buyers.

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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? Raleigh Real Estate Supply Raleigh is currently in a buyer’s market, which means there are more homes for sale than available buyers.

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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. A bright spot for buyers: Active listings for all homes as of Jan.

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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. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

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Will Springer Realtor

FEBRUARY 14, 2023

The Seattle/King County housing year kicked off slowly with some promising signals. From a macro perspective, the 2023 outlook for home buyers is the best it’s been for three years. Another positive sign: The number of new listings surged from the previous month. That appears to be where we are headed.

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Will Springer Realtor

SEPTEMBER 8, 2021

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. Builders began construction on just under a million single-family homes in 2020. Not “ Will the housing market crash?”

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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 12, 2023

There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. While there were 5.8% There are 7.4%

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Housing Wire

JANUARY 20, 2021

fell to a four-month low in January as builders expressed concerns about higher house prices, COVID-related supply chain issues and construction costs. Builder confidence in single-family homes dropped to 83 in January from 86 in December, according to the National Association of Home Builders and Wells Fargo Housing Market Index.

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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. Buyers and sellers tiptoed through caution. 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. Um, bye-bye!

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