Housing Wire

DECEMBER 16, 2022

After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Buyers Realtors Inventory Sellers 463

Housing Wire

SEPTEMBER 22, 2022

The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%.

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Inventory Housing Market New Listings Mortgage 437

Housing Wire

MAY 10, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. To register for the HW+ event, go here. April was National Fair Housing Month. Home buyers today continue to face limited housing inventory of only 2.0

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Listing Spark

JUNE 21, 2022

Unless you’ve been living underneath a rock, you have likely heard talks of a housing market bubble that could burst at any moment. Back then, terrible lending regulations, a surplus of inventory, and little to no equity for homeowners was a recipe for disaster. How do we know the housing market is shifting?

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Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Don’t drink the Kool-Aid that any contract price is reflective of market value.

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Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. Over the years, I have tried to emphasize that the housing market in the U.S. We’re covering this important topic at our HousingWire Annual event Oct.

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Construction Housing Market Sellers Marketing 369

Will Springer Realtor

DECEMBER 12, 2023

The Seattle area housing market right now reads like a mystery novel with half the pages missing. Similarly, the single-family-home market is weak (if not bleak), with new listings down 29% (1128), Active home listings (as of Dec. Notably, the Eastside saw a 25% decline in Pending sales (homes under contract) but are still 9.2%

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Housing Market Marketing New Listings Buyers 42

Will Springer Realtor

JULY 12, 2022

Currently, homes under contract (Pending sales) are down 19% YtD across King and by 20% for single-family homes, including down 36% in the combined neighborhoods of Magnolia and Queen Anne. Silver lining – Make no mistake, first-time buyers have clearly been affected by recent events (and rents keep rising as well).

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Housing Market Marketing Buyers Contracts 41

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 local single-family market is riding a similar up-and-down wave, depending on the area.

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Empire Appraisal Group

NOVEMBER 26, 2021

The wind-down of Zillow Offers will take several quarters and will complete the purchase of homes in contract. He said the decision was not indicative of his outlook for the housing market, but due to the fact that Zillow Offers’ “inherent” capital risk and volatility was intolerable and could put the entire company at risk.

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Contracts Real Estate Inventory Business 78

Will Springer Realtor

MARCH 14, 2022

First , prayers go to the millions of people displaced, disrupted or worse by the tragic events unfolding in Ukraine (the global leader in sunflower production, until now). Without their spirit to rebuild, our thinning housing inventory would be more dire than it is today. Condo inventory is not much better. There is 0.6

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Housing Market Marketing Real Estate Supply Chain 36

Hank Miller Team

OCTOBER 1, 2021

In highly competitive housing markets with desperate buyers and multiple offers, it might seem pointless to write a backup offer, but why not? Simply put, a backup offer is an accepted offer that immediately becomes primary in the event the current accepted offer fails. Remember - this is a legal, binding contract once accepted.

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Will Springer Realtor

MAY 13, 2024

GIMME SHELTER: AMERICA’S HOUSING PROBLEM WORSENS This country is struggling – mightily – to put enough roofs over the heads of Americans. 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.

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HOA Transportation Construction Buyers 36

Lamacchia Realty

MAY 19, 2022

Today, we are seeing how those measures rapidly sped up the economy, particularly in the housing market. Homeowners, buyers and sellers are all wondering when the market will change and we break down how it already has in our recent blog and market update video. in some instances. There were 13.5% Price Changes.

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Sellers Buyers Contracts Inventory 57

Will Springer Realtor

FEBRUARY 13, 2024

The Seattle/King County housing market appears to have come through the worst of times with a slightly stronger showing in January than in previous months. Total inventory remains low, however, keeping prices higher on an annual basis. And, despite the rise in new listings, the number of homes still on the market on Feb.

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New Listings Buyers Inventory Lending 54

Appraisal Today

MAY 10, 2024

To read more, Click Here To read the listing with a virtual tour and 111 photos, Click Here == Some red flags for the housing market By Ryan Lundquist, May 2, 2024 Excerpts: Consumers are feeling economic pain, and we need to talk about some of the things that are brewing. Several sections of HUD Handbook 4000.1

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Reconsideration of Value Appraisal Real Estate Insurance 73

Lamacchia Realty

JANUARY 27, 2023

The 2022 Connecticut Year in Review Housing Report breaks down sales, new listings, new pending sales, active inventory, and average price compared to the 2021 market and analyzes what the data means for the current housing market and beyond. Homes Pending (contract accepted) There were 20.2%

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Inventory Sellers Buyers Real Estate 52

Listing Spark

FEBRUARY 7, 2024

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. Buyers had lost confidence in the direction of the market and wanted to wait and see how things would shake out with the FED’s potential rate cuts in 2024. in 2022 to 3.3

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Real Estate Sellers Home Value Inventory 36

Lamacchia Realty

APRIL 15, 2022

When Will the Housing Market Change? So if someone bought a house in early January of 2021 and put 20% down, they would have nearly 40% equity in the home by the end of December. Sellers kept listing, albeit, at a much slower pace, and buyers were buying at the highest rate in over 15 years, absorbing inventory faster than ever.

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Marketing Sellers Buyers Inventory 66

Will Springer Realtor

APRIL 10, 2024

Despite growing awareness, progress toward climate resilience in housing has been hindered by fragmented efforts and competing priorities. Affordable housing initiatives focus not on the climate but on increasing inventory to meet demand, while climate-focused efforts lack integration with housing resilience goals.

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Real Estate Buyers Sellers Insurance 36

Lamacchia Realty

JULY 22, 2022

Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Massachusetts along with the number of homes listed for sale, placed under contract, and price adjustments. As the market has cooled over the past few months with the increase in mortgage rates, they still haven’t started to fall.

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Sellers Buyers Inventory Contracts 73

Appraisal Today

AUGUST 4, 2023

It has been an eventful year, with various economic factors to evaluate as we head into the latter half. The forthcoming Federal Open Market Committee (FOMC) meeting, prospective interest rate hikes, robust employment figures, and slowing inflation all hint towards economic stability. The Consumer Price Index (CPI) rose by 0.2%

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Appraisal Business Contracts Real Estate 71

Appraisal Today

AUGUST 13, 2023

Dear Sellers, the housing market misses you It’s tough to value properties today! How does your market compare with Ryan’s? To read more, click here My comments: I remember the easy days before 2020, with enough sales, listings and pendings to figure out the market. To read more, click here My comments: Good comments.

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Appraisal Contracts Real Estate Agent Mortgage 75

Will Springer Realtor

DECEMBER 19, 2023

We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. Any one of those risks could cascade into other parts of the market and tip the economy into recession.” job losses and we have another odd year now in our rear-view mirror. “Any

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Real Estate Buyers Sellers Inventory 68

Miller Samuel

MARCH 19, 2019

If this latest turn of events plays out as written, we'll be able to look back at this era as a milestone where the supertanker began to turn in the wrong direction for the new development multi-family industry. That article came out in 2014 right as the housing market was peaking. They will simply go elsewhere.

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Real Estate Law Development Investors 370

Will Springer Realtor

AUGUST 9, 2022

What is true is that every time we lean in and face the headwinds of economic weakness the housing market is a welcome refuge.As You don’t have to be a scientist to realize the number of climate-related events has increased in frequency and intensity across the globe. Inventory levels are mounting in King, now at 1.9

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Inventory Buyers New Listings Construction 36

Will Springer Realtor

JANUARY 9, 2024

It’s a positive shift that could soon reshape the landscape of the housing market, offering hope and opportunities for those eager to embark on a new homeownership journey. 1, that requires buyers wishing to work with a licensed real estate broker to sign a services contract. Olympia also established a law, effective Jan.

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Mortgage Real Estate Law Lending 36

Appraisal Today

MAY 19, 2023

housing market back into a deep freeze Excerpts: A debt default is very unlikely, but new scenario projections from Zillow show sales would decrease sharply as mortgage costs balloon. Most borrowers have lower rates on their mortgages, and those who are in the market are extremely rate sensitive.” percent from the week prior.

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Appraisal Business Contracts Real Estate 52

Will Springer Realtor

OCTOBER 8, 2021

Here’s how topsy-turvy our housing market has been this past year-plus. Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. The market may go into a brief lull – as it does during this quarter and into early next year. OCTOBER HOUSING UPDATE.

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Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

MAY 9, 2023

The $180B kitchen and bath market is leading the home-improvement charge and, despite economic headwinds for many households, industry experts see no end in this modernization movement. month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Kitchen and bath professionals are reporting 3.9-month

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Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

NOVEMBER 10, 2023

Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines. Glancing at new Seattle condos listed on the MLS, Graystone represents about half of them priced below $550K even while the median market list price is $847.5K.

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HOA Buyers Law Supply Chain 36

Will Springer Realtor

DECEMBER 13, 2022

Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. That real estate party of unquenchable buyer demand against a backdrop of low inventory is over. in the first half of 2022.

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Real Estate Buyers Construction Sellers 36

Will Springer Realtor

MAY 12, 2021

Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.

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