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Mortgage market affordability and inventory challenges

Housing Wire

In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings. In Seattle, Dan Keller reported 47% of all listings had price reductions. Slow construction and restrictive zoning laws.

Inventory 395
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The nation’s housing market is on a correction course

Housing Wire

Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”. Cleveland — Residential construction and real estate activity softened further amid rising interest rates. So, home sales have really gotten completely hammered,” Zandi said.

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Pending home sales drop, but there’s a silver lining

Housing Wire

But many would-be buyers have also been thwarted by comically low resale inventory, as well as supply chain constraints and escalating materials costs that have made life difficult for homebuilders. These trends, along with an anticipated ramp-up in home construction will provide for much-needed supply.”.

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Raleigh Real Estate Trends + Forecast for 2022

Raleigh Realty

Raleigh Real Estate Supply Raleigh is currently in a buyer’s market, which means there are more homes for sale than available buyers. This means buyers have more power to negotiate for lower pricing. While resale homes are spending less time on the market, there are still more homes for sale than buyers in Raleigh.

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Rising costs, COVID cases dip builder confidence

Housing Wire

fell to a four-month low in January as builders expressed concerns about higher house prices, COVID-related supply chain issues and construction costs. The gauge charting traffic of prospective buyers decreased five points to 68. How to gain more listing visibility in a shifting housing market.

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CITIES FACE DAUNTING OFFICE-VACANCY CHALLENGE

Will Springer Realtor

Our urban area accounts for about half of the city’s economic activity, and the Seattle Chamber noted that rising office vacancies coupled with less construction could lead to $2B in decreased revenue. We certainly see that in all forms of residential real estate – from new construction to finding items for the home.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. The number of active King County listings, as of Dec. 1, was about 17% lower than Nov.