Housing Wire
JULY 7, 2022
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. Worker shortages and supply chain issues in the pandemic further widened the inventory gap.
Hank Miller Team
JANUARY 9, 2024
How can variables like local and national economic conditions, consumer debt, consumer confidence, the Fed, global supply chains, wars and conflict and a hundred other wild cards be corralled? Buyers have largely adjusted to the rates and the expectation is that the Fed will begin cutting by mid year. They cannot.
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Housing Wire
MARCH 16, 2021
That drop in builder confidence is in spite of sky-high buyer demand, which hasn’t waned despite rising home prices and climbing mortgage rates – the latter up 30 basis points from February. Policymakers must address building material supply chain issues to help the economy sustain solid growth in 2021.”.
Housing Wire
JULY 25, 2022
“We calculate that over 80% of metro areas are meaningfully overvalued,” Zandi said during the Recursion webinar. “… First-time homebuyers are locked out because they just simply can’t afford to buy … and trade-up buyers are locked in [with interest rates well below current market levels]. “So,
Housing Wire
FEBRUARY 25, 2021
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.”. million in 2020.
Raleigh Realty
JULY 12, 2022
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.
Lamacchia Realty
SEPTEMBER 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. Broward County single family and condo/townhome closed sales, new listings, and pending sales decreased. Broward County. Highlights.
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