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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

annually to $350,000, according to the Friday report from the National Association of Realtors. The supply of homes for sale fell to a record low, down 16.5% months of supply; a healthy market generally has between four and six months of supply. January sales fell 2.3% from a year ago. That translates to just 1.6

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Dave Stevens on understanding this housing market

Housing Wire

It created a massive demand for home purchases as consumers competed to win a sales contract and get a home with a low single digit interest rate. Supply chain shortages, many of which remain still today, meant that everything from new cars to basic random length lumber costs skyrocketed.

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The evolution of the more productive real estate agent 

Housing Wire

As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 Just how we do contracts now is so much faster. The back end systems, when we are listing something or putting something under contract, it is all just very seamless. In 2021, 6.12

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Ohio Land for Sale: Is the Market Still Ripe for Growth in 2022?

The Robert Weiler Company

And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. Figures from the Ohio REALTORS® Housing Market Report reveal that Ohio home sales reached historical levels in May 2022. Creating new housing will also enable you to help address the Ohio housing supply shortage.

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HOUSING INTENSITY TO REMAIN HOT DESPITE HEADWINDS

Will Springer Realtor

After a cooling off period to enjoy the holidays and avoid severe weather, buyers were back on the prowl for a new home as sellers prepped their properties for the seasonal rush. Buyers will continue to outstrip sellers but with slightly less intensity than in recent years. Scott Real Estate. The biggest variable is Covid.