Empire Appraisal Group

MARCH 16, 2023

Houses received multiple strong offers soon after a house went on the market, often going under contract within a matter of days. Over time, as more houses closed at higher prices, comps continued to support atypical list prices. Even investors are shying away from the marketplace.

Sellers 78

Sellers Inventory Realtors Clients 78

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. Notably, the Eastside saw a 25% decline in Pending sales (homes under contract) but are still 9.2% higher YoY.

Housing Market 42

Housing Market Marketing New Listings Buyers 42

Will Springer Realtor

MAY 14, 2024

Every key data point from the Northwest Multiple Listing Service (MLS) gained ground against the previous month – as often happens with the spring housing season taking stride – including the number of new and active listings, homes going under contract and final sales. Prices rose, too, to near-record highs.

Marketing 36

Marketing Inventory Buyers Sellers 36

Will Springer Realtor

APRIL 11, 2023

After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

Housing Market 36

Housing Market Marketing Buyers Sellers 36

Housing Wire

AUGUST 7, 2023

It was at this point in 2022 when new listings started plummeting each week. In September, even though new sellers were few, buyers were even fewer, so inventory rose. Through July, new listings volume each week was in the normal range as in previous years. Suddenly new listings volume dropped each week.

Inventory 313

Inventory New Listings Contracts Buyers 313

Will Springer Realtor

SEPTEMBER 12, 2023

fewer new listings, the rate of sales rose 1.7% Two data points stood out from the latest report by the Northwest Multiple Listing Service: The aforementioned new listings for all homes in the county – 2684 – is at a low not seen for an August since records were shared with brokers (like me) dating back to the mid-1990s.

Finance 68

Finance Inventory Construction Buyers 68

Housing Wire

JANUARY 19, 2024

Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. This is why the Altos Research numbers we cite are always smaller than the NAR numbers, which accounts for all home types and those in contract.

Housing Market 439

Housing Market Inventory Contracts Marketing 439

Housing Wire

NOVEMBER 9, 2023

The average days on the market for re-listed expireds is always very low. New-build salespeople These are the salespeople who sit in the builder’s model homes and write up all those new construction contracts. You’ll know who’s looking for what property and which investors are likely to sell.

Real Estate Agent 389

Real Estate Agent Real Estate Agents Open Houses 389

Will Springer Realtor

MAY 13, 2024

That’s according to a report from ATTOM Data Solutions, which noted Seattle metro was the second-most active major market (1M+ population) for flipped homes purchased by investors with financing, at 56.1%, behind only San Diego (56.4%). >> With the settlement, a wave of new listings hit the market in the past several weeks.

HOA 36

HOA Transportation Construction Buyers 36

Listing Spark

FEBRUARY 7, 2024

San Antonio is still significantly more affordable than Austin which makes it a strong market for first time home buyers, investors and builders. Investors should find better market conditions and more opportunities for deals. 2023 Texas Housing Data Austin The Median price for a home in the Austin MSA decreased 10.2%

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

JANUARY 9, 2024

The past year witnessed a financial rollercoaster, with interest rates fluctuating between 5.99% and 8.03% for conventional 30-year mortgages, according to Mortgage News Daily. The Fed’s revised lending forecast sparked a celebratory mood among investors, particularly those tracking U.S. Treasurys and mortgage-backed securities.

Mortgage 36

Mortgage Real Estate Law Lending 36

Housing Wire

JULY 17, 2023

The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. The median price of the homes in contract is higher than last year and the new sales each week are up a few percent over last year. I’ve been watching the price of the new pending sales each week.

Real Estate 314

Real Estate Marketing Inventory Contracts 314

Will Springer Realtor

JUNE 9, 2021

More than 90% of builders in May reported shortages of appliances, framing lumber and other wood products: To address rising costs, some 47% of builders surveyed this spring say they are including price-escalation clauses in their sales contracts to avoid a deeper hit on their bottom lines. High demand kept supply depleted. months (from 0.7)

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Listing Spark

OCTOBER 13, 2022

How the housing market affects the rest of the economy How to approach the current housing market as a seller Final advice for buyers in the current housing market Are buyers pulling out of contracts at the last minute? New listings are down 6%, so there are less homes coming onto the market than there were this time last year.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Will Springer Realtor

JUNE 13, 2023

It’s true, there is a welcome increase in new listings from month to month – up 18% across all home types in King from April and 19% higher for the single-family-home category – but isn’t that what you would expect in the typically busiest periods of the housing season?

Buyers 36

Buyers Inventory Construction Finance 36

Will Springer Realtor

MARCH 14, 2023

The number of new listings of all home types (single-family, townhome and condo) in King County climbed 6.4% (1866 units) from January to February, as expected, and total inventory at the start of March (2064) was 111% higher than a year ago. This, along with higher building costs, will lead to a construction slowdown this year.

Marketing 36

Marketing Buyers Inventory Sellers 36

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.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

OCTOBER 11, 2022

While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. OCTOBER HOUSING UPDATE. 1 were both up about 10% month-to-month.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

JULY 13, 2023

Moody’s Investors Service noted that banks hold approximately half of the $6T in commercial real estate debt, with the largest share maturing within the next three years, according to Reuters. The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4%

Construction 36

Construction Supply Chain Real Estate Development 36

Housing Wire

JANUARY 19, 2023

Elsewhere, rents have generally been steady, though one contact in upstate New York noted that already high rents have continued to trend up. Philadelphia – Homebuilders continued to report weak demand and a modest decline in contract signings for new homes. Rental vacancy rates, while still quite low, have risen modestly.

Inventory 402

Inventory Housing Market Marketing Construction 402

Will Springer Realtor

JULY 9, 2021

ATTOM said the gross profit on the typical home flip (the difference between the median sales price and the median price paid by investors) declined in Q1 to $63,500, down from $71,000 in Q4 of last year. Now fully converted, the 34-unit boutique condo on 1st Avenue and Bell Street is accepting contracts for occupancy as early as late summer.

Buyers 36

Buyers Development Transportation Inventory 36