Hank Miller Team

JANUARY 9, 2024

We can however, develop supported opinions by combining recent data, extensive local experience and cautious interpretation of the variables mentioned above. Buyers have largely adjusted to the rates and the expectation is that the Fed will begin cutting by mid year. Spring typically sees listings jump, we will see it again this year.

Real Estate 40

Real Estate Marketing Contracts Sellers 40

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

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Mortgage Real Estate Inventory Construction 348

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 Market Marketing Inventory Construction 396

Listing Spark

JUNE 16, 2023

Focusing on major Texas metro areas like Austin, DFW, Houston, and San Antonio, Aaron discusses important trends and developments that homeowners, investors, and anyone interested in real estate should be aware of. However, a decrease in new listings is helping to stave off even higher inventory. That’s down 4.3%

Real Estate 36

Real Estate Marketing Inventory Sellers 36

Birmingham Appraisal

JUNE 1, 2022

If financing were not an issue, and the buyer couldn’t care less about how their contract price compared to other similar properties, it would just be a matter of connecting the buyer with the seller and signing on the dotted line, but life isn’t always so easy. Don’t Get Stuck In The Past.

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Agents Marketing Contracts Inventory 52

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. I often use the term efficient home sellers to describe the home builders in this low inventory environment. Census Bureau and the Department of Housing and Urban Development.

Mortgage 362

Mortgage Inventory Construction Sellers 362

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). Census Bureau and the Department of Housing and Urban Development. However, this isn’t how inventory grows in America. percent (±20.4

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Inventory Construction Housing Market Mortgage 424

Housing Wire

JUNE 21, 2021

Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. But like the rest of the country, low housing inventory has hit the city hard. The KAAR also said housing inventory dropped for six straight months to start the new year. year-over-year.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Housing Wire

FEBRUARY 16, 2024

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). New starts in the Northeast and the Midwest fell 20.6% Housing inventory remained low in January and new homes still accounted for about 30% of all homes available for sale.

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New Listings Construction Inventory Sellers 330

Housing Wire

JULY 25, 2022

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. 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.

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Buyers Development Construction New Listings 36

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. From a buyer’s perspective, it couldn’t be worse. Mortgage rates are high, home prices are high, there’s no inventory.”

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Sellers Buyers New Listings Inventory 58

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. Seize the moment to leverage the increased inventory and negotiate favorable prices.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. Lowest number homes listed in recorded history, decreased by 15.1%

Inventory 47

Inventory Sellers Buyers Contracts 47

Empire Appraisal Group

MARCH 11, 2021

Buyers | Florida Realtors. It adds yet another challenge for local buyers. They describe how local buyers have lost out to COVID-driven buyers from New York and other northern states. Other newly arrived businesses are adding to the demand for housing as they bring employees with them or create new positions.

Buyers 78

Buyers Real Estate Realtors Brokerage 78

Will Springer Realtor

APRIL 9, 2024

That was highlighted by a 30% month-to-month gain in total home sales (single-family, townhome and condos combined) across the county in March and unseasonably low supply for buyers. The 2166 single-family new listings in King are the lowest of any March since records were archived online in 1991. Inventory stood at 1.3

Marketing 59

Marketing Inventory Buyers Sellers 59

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. Months of inventory for single-family homes was flat at 1.7 (or Inventory was at 1.9 A typical year will include 5.2M

Housing Market 41

Housing Market Marketing New Listings Buyers 41

Will Springer Realtor

JUNE 11, 2024

King County home buyers are witnessing the greatest supply of single-family, condo and townhomes since before the pandemic and a rising number of listings have dropped prices after sitting on the market. This is leaving many prospective buyers burdened by the cost of owning a home. Not exactly. lower across the county (2129).

Buyers 58

Buyers Inventory Finance Housing Market 58

Will Springer Realtor

JANUARY 9, 2024

Perhaps too late in the year to make a difference to many, at least the Fed’s upbeat forecast offers renewed hope for the pent-up pool of prospective buyers – possibly sellers, too – to seek out a new home in the coming 12 months. The 802 new listings in December was a low not seen since records were archived online from 1990.

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Housing Market Marketing Inventory Lending 60

Listing Spark

JANUARY 12, 2023

Builders will continue to target first-time home buyers with incentives. Home sellers should focus on their local market and pull out all the stops when listing a house. 2022 Market Trends: Decrease in sales, values, and new listings in Austin, TX; median home value up 9.9% Episode Highlights.

Real Estate 36

Real Estate Marketing Home Value Inventory 36

Listing Spark

NOVEMBER 6, 2023

By searching in and around these two markets, investors can find plenty of properties, from single-family residences that can be renovated and sold to raw land that may be on the development fast track in just a few short years. Investors also compete with highly motivated residential buyers, so speed is important.

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Investors Investing Real Estate Agent Real Estate 36

Will Springer Realtor

MARCH 10, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. at the Estates, which will share space with a new InterContinental Hotel. List: $2.95M ($652/sq. Prices start at $1.4M

Construction 36

Construction Modernization Buyers Inspection 36

Listing Spark

MARCH 9, 2023

But as potential buyers and sellers begin mapping out their plans for the future, understanding how the state’s real estate market is shifting is essential. This change in rates caused homes to immediately become significantly more expensive for buyers. Months supply of inventory climbed from 0.6 increase YOY).

Real Estate 36

Real Estate Marketing Inventory Sellers 36

Lamacchia Realty

MARCH 29, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by fall and into the winter, which in turn caused prices to continue to increase significantly.

New Listings 47

New Listings Inventory Realty Buyers 47

Will Springer Realtor

FEBRUARY 9, 2022

The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. Buyers with the deepest pockets may wait, however. home buyers.

Buyers 36

Buyers Law Inventory Development 36

Lamacchia Realty

JANUARY 24, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. The inventory crisis last year caused demand to spike higher than ever by fall into winter, which in turn caused prices to continue to increase significantly.

New Listings 44

New Listings Inventory Buyers Realty 44

Will Springer Realtor

SEPTEMBER 12, 2023

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. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% Inventory was little changed from July to August.

Finance 67

Finance Inventory Construction Buyers 67

Will Springer Realtor

MARCH 12, 2024

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). This return of buyers follows a sluggish late 2023. Months of inventory continue to be a burden on all buyers. Inventory is at 1.3 There is 1.9

Buyers 55

Buyers Construction Sellers Inventory 55

Lamacchia Realty

FEBRUARY 25, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by fall into winter, which in turn caused prices to continue to increase significantly.

New Listings 41

New Listings Inventory Realty Buyers 41

Will Springer Realtor

OCTOBER 10, 2023

This is the season when buyers can take advantage of homeowners wishing to sell before the holidays and are showing a willingness to budge on price or make other concessions. We are starting to see all of those signs following the release of September housing data from the Northwest Multiple Listing Service (MLS). 1 and Oct.

Buyers 63

Buyers Inventory Sellers Housing Market 63

Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

JUNE 13, 2023

Unfortunately for buyers, both figures – prices and rates – are climbing, raising the hurdle to homeownership even higher for many. The pandemic housing market was super-charged by historically low interest rates and buyers seeking more spacious properties amid global health fears. months’ total inventory in the county, down from 1.4

Buyers 36

Buyers Inventory Construction Finance 36

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines. months of inventory available in the county, down from 2.0 in September.

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

DECEMBER 11, 2022

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. months of inventory.

Inventory 36

Inventory Construction Supply Chain Buyers 36

Will Springer Realtor

SEPTEMBER 8, 2021

It is developing several single-family and multifamily communities in King and Snohomish counties. The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. ” Forward-thinking developers will go beyond trails and lap pools, “which have become ordinary,” suggests the experts from Burns. .”

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

OCTOBER 11, 2022

At least buyers will have more options and time to weigh their decision to purchase a home – but at what cost to the bottom line? The next 12-24 months are likely going to be quite a challenge for prospective buyers. People love experiences to fill their memory bank and social media feed – and real estate developers are listening.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

APRIL 8, 2021

More buyers are making larger down payments. Buyers in the U.S. The national median family income rose just 4% from 2019 to 2020, according to the Department of Housing and Urban Development, while most home prices are jumping each year by 10% or more. million new homes as of the start of this year. BY THE NUMBERS.

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Inventory New Listings HOA Buyers 36