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. According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% The KAAR also said housing inventory dropped for six straight months to start the new year.

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Listing Spark

FEBRUARY 7, 2024

As we enter into 2024, we are stepping out of one of the most turbulent years for real estate in Texas in some time. In this article, we will recap what exactly happened to the real estate market in Texas last year and discuss some predictions for the rest of this year. Some markets were affected more than others.

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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. 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. Buyers and sellers tiptoed through caution. a year ago.

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Housing Wire

FEBRUARY 25, 2021

in January from December, according to a report from the National Association of Realtors. There will also be a natural seasonal upswing in inventory in spring and summer after few new listings during the winter months,” Yun said. For the fifth consecutive month , U.S. pending home sales dipped – this time, down 2.8%

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Housing Wire

JULY 20, 2021

This has dampened new home sales and quickened home-price growth.” ” Mark Palim, deputy chief economist at Fannie Mae , said anecdotal reports of builders delaying or turning down orders to clear a growing construction backlog appears to be borne out by the recent housing starts data. percent,” Palim said Tuesday.

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Housing Wire

JANUARY 19, 2024

Yesterday on CNBC , I talked about the state of the housing market and how important it was that the builders’ confidence data was rising because that keeps construction workers employed and building homes. This is related to the fact that even though the apartment boom is over, single-family permits are still rising.

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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. real estate sales from international buyers.

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Will Springer Realtor

MAY 12, 2021

Now, home builders would need to construct as many as 1.2 This was the fastest pace for combined single-family and multi-family construction since June 2006. >> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. million more home listings across the U.S. this year. >>

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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. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% Every month, the number of permits authorized to erect new single-family homes has gone up.

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Will Springer Realtor

FEBRUARY 13, 2024

The final months of 2023 were among the quietest periods in recent memory for residential real estate amid a slow year overall. And, despite the rise in new listings, the number of homes still on the market on Feb. Seattle led the way with a 156% increase in new listings (517) month-to-month and 4.0%

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Will Springer Realtor

MARCH 12, 2024

The picture was somewhat similar for single-family homes as a stand-alone category, with new listings up 38% (1845) and sales 41% (1064) stronger month-to-month, but the YoY numbers were more telling, up 31% and down 4.2%, respectively. Because new home construction hasn’t kept up. Rates zipped above 7.0%

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Will Springer Realtor

MAY 13, 2024

A year later, the same real estate consultancy estimates the number has expanded to 2.1M, a jump of 24%. 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. We are now experiencing historic shortages. shy of the need.

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Will Springer Realtor

JANUARY 9, 2024

The National Association of Realtors® noted an estimated 41% of owners remain in their homes for a duration equal to or exceeding the median tenure of 13 years thanks to today’s higher rates. 1, that requires buyers wishing to work with a licensed real estate broker to sign a services contract. But by how much?

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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. 2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. Data provided by Florida Realtors® SunStats. Broward County.

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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.

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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. Broward County.

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Will Springer Realtor

JANUARY 10, 2023

The article will include the latest monthly data from the Northwest Multiple Listing Service, analysis from national and local experts and a glimpse ahead at what to expect in the coming weeks. Will Springer, Realtor®. The bar is so low on listings and sales data that one might trip over it. Economists across the U.S.

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Will Springer Realtor

AUGUST 11, 2023

While that may seem like a silly question to ask – especially from a residential real estate pro whose business relies on the purchase and sale of homes – it’s something I have been studying, with some eye-opening findings. also the oldest age of a first-timer ever recorded by the National Association of Realtors® (NAR).

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Will Springer Realtor

SEPTEMBER 12, 2023

A report from Smart Growth America and real estate info services firm Places Platform named Seattle one of the top five walkable cities in the nation. Portland was right behind us, with New York City at No. cities for first-year homeownership costs, according to real estate site Point2Homes. topped the list.

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Listing Spark

AUGUST 25, 2020

Zillow appears to be a great option to get your listing out there without having to hire a real estate agent, but the reality is that a multi billion dollar corporation would not be giving away anything for free if there wasn’t a catch. Zillow is monetized by agents purchasing placement on listings in certain zip codes.

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Will Springer Realtor

OCTOBER 11, 2022

The Fed is determined to cool inflation, and they’re willing to throw housing under the bus to do so,” Devyn Backman, senior researcher at John Burns Real Estate Consulting, told realtor.com. People love experiences to fill their memory bank and social media feed – and real estate developers are listening. Dining out.

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Will Springer Realtor

APRIL 11, 2023

The signs are generally pointing in the right direction for our local (and national) residential real estate scene, but it is taking more time than usual to turn a cruise-ship-sized sector around without leaving damage in its wake. Let me know if you would like to begin receiving customized summaries via email.

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Will Springer Realtor

APRIL 8, 2021

The outlook for the next two to three months is really, really rough,” predicts Marci Rossell, an economist with LeadingRE, an international luxury real estate portal that includes John L. home was $313,000 through February, a sharp 16% higher from a year ago, according to the National Association of Realtors® (NAR).

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Will Springer Realtor

AUGUST 9, 2022

Lawrence Yun, chief economist at the National Association of Realtors® said in late July: “There are indications that mortgage rates may be topping or very close to a cyclical high.” A climate-risk assessment published by the Risky Business Project estimated that between $66B and $160B worth of real estate will be below sea level by 2050.

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Will Springer Realtor

MAY 9, 2022

just as Google opens another office building in Kirkland and Microsoft expands its 120-structure Redmond campus with plans for 17 new office buildings. All this tech construction gives new meaning to IT architecture! “A He was one of the authors of a recent report that found signs of a housing bubble in the real estate market.

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Will Springer Realtor

DECEMBER 12, 2023

Scott Real Estate. Ready to complete another year, the residential real estate market has not improved – some might say it got a little worse. Just for Fun: In December 2022, the National Association of Realtors® projected mortgage interest rates would be 5.7% To a happy 2024! = San Jose, Calif., came in second. >>

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Will Springer Realtor

JUNE 8, 2022

Well, I am only a single real estate professional with one opinion but, for me, the solution includes enacting a blend of corporate and federal dollars toward incentivizing the development of affordable for-purchase housing that targets under-served communities whose residents would otherwise find homeownership difficult to achieve.

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Will Springer Realtor

AUGUST 9, 2021

I have covered this topic both within the newsletter and on my blog and hear from people in real estate about their frustration over the lack of significant action. Developers opted to pay fees to the city totaling $68M instead, funds that help construct affordable homes in other parts of the city. million to 6.8

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Will Springer Realtor

JUNE 9, 2021

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. The problem is very real here in our region. million people work in residential construction, or about 2.8% of the U.S.

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Will Springer Realtor

JULY 9, 2021

“We envision a country where no matter where you live, or who you are, you can enjoy living in a place that is healthy, prosperous and resilient,” Calvin Gladney, CEO of Smart Growth America, told a group of Realtors® in D.C. based real estate research and publishing firm. HOUSING FOR ALL.

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