Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. This is a demand-driven slowdown, because new listings supply is still running 9% to 10% fewer homes for sale each week than this time last year.

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Housing Wire

JUNE 21, 2021

Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. year-over-year. year-over-year.

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Housing Market Marketing Realtors Inventory 424

Housing Wire

JUNE 10, 2024

For every 50 basis point change in mortgage rates, the monthly payment for this house would change by $112.In housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. We see the same pattern in the new listings rate each week. We call this a supply-constrained market.

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Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Inventories are rising across the country. in 2021, Freddie Mac reports.

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Listing Spark

JUNE 16, 2023

In this episode of Real Estate Real Fast, Aaron Jistel, the co-founder of ListingSpark and an experienced real estate broker, provides a comprehensive overview of the current state of the Texas real estate market. However, a decrease in new listings is helping to stave off even higher inventory. That’s down 4.3%

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Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

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Housing Wire

AUGUST 23, 2023

Builders are taking advantage of the housing market inventory issues , which is why new home sales are growing yearly, even with higher mortgage rates. I often use the term efficient home sellers to describe the home builders in this low inventory environment. Today, the U.S.

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Mortgage Inventory Construction Sellers 362

Housing Wire

FEBRUARY 24, 2023

New home sales From Census : Sales of new single-family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. However, this isn’t how inventory grows in America.

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Birmingham Appraisal

JUNE 1, 2022

Today I thought I would share with agents what stats an appraiser analyzes when developing an appraisal in hopes that this may also give them some additional insight when coming up with an asking price for their clients. 3) Total Sales Volume – Total sales volume can help us measure year-over-year performance in the housing market.

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Housing Wire

MAY 23, 2024

When it comes to the monthly supply of new homes, if the single-family permits and 5-unit permits fall together, construction labor is at risk once the backlog of new homes is completed. From Census : For Sale Inventory and Months’ Supply: The seasonally adjusted estimate of new houses for sale at the end of April was 480,000.

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Housing Wire

FEBRUARY 16, 2024

New construction starts fell to a seasonally adjusted annual rate of 1.331 million units, down 14.8% Department of Housing and Urban Development (HUD). Housing starts in January also fell by 0.7% Single-family housing starts dropped 4.7% New starts in the Northeast and the Midwest fell 20.6%

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Will Springer Realtor

JANUARY 9, 2024

This should have sparked the fading embers of an otherwise chilly housing market in Seattle/King County in the final days of 2023. The 802 new listings in December was a low not seen since records were archived online from 1990. Inventory fell in terms of months of supply across the county. Inventory stood at 2.0

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Housing Market Marketing Inventory Lending 60

Will Springer Realtor

DECEMBER 12, 2023

The Seattle area housing market right now reads like a mystery novel with half the pages missing. 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. Inventory was at 1.9

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Listing Spark

SEPTEMBER 25, 2023

While many thought it’d spell bad news, the total meltdown hasn’t happened. The 5 most notable changes to the Texas Housing Market To really understand how these rising rates have changed things, we need to look at the big shifts in the housing market. At least, not yet.

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Real Estate Sellers New Listings Inventory 69

Will Springer Realtor

JULY 8, 2022

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Not really sure.”.

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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. OCTOBER HOUSING UPDATE. That’s the first time a Fed official has acknowledged the U.S.

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Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

APRIL 9, 2024

Despite a challenging financing environment, the Seattle/King County housing market is moving forward. New listings (+17%), available homes at the start of April (+5.0%) and listings going under contract – also known as Pending sales – (+24%) were solidly higher when comparing month to month. above the list price.

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Marketing Inventory Buyers Sellers 59

Will Springer Realtor

JUNE 11, 2024

A snapshot through May shows an unheard-of 40% jump in for-sale listings (3880 units) from a month ago for all home types combined, according to the Northwest Multiple Listing Service. Every month this year has seen inventory growth. Single-family inventory stands at 1.3 Eastside inventory for single-family homes is 1.1

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Buyers Inventory Finance Housing Market 58

Will Springer Realtor

MARCH 10, 2023

MARCH HOUSING UPDATE The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.”

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Listing Spark

MARCH 9, 2023

In this blog post, we’ll take a closer look at Texas’ real estate market activity — exploring recent developments, analyzing short-term trends, and making predictions about what we might expect. Austin Real Estate Market Breakdown 2022 Recap Total Transactions were down 19.1% YOY Market Share: 27.9%

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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. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. fewer new listings, the rate of sales rose 1.7% months’ inventory, down from 1.5

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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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Will Springer Realtor

OCTOBER 10, 2023

Unfortunately for buyers, a combination of the typical seasonal trend and higher borrowing costs has slowed housing market activity to an excruciatingly slow pace – and there are concerning signs ahead. First a look at September’s numbers: A wave of last-chance listings for the year hit the market after Labor Day.

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Buyers Inventory Sellers Housing Market 63

Will Springer Realtor

AUGUST 15, 2023

Mortgage rates are high, home prices are high, there’s no inventory.” The local market appears to be sleep-walking through a year that will be best known for near-record-low activity and prices higher than at the start of the year. King County new listings fell 13% from June to July (2158), led by a 20% slide in Seattle (690).

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Sellers Buyers New Listings Inventory 58

Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. With so few available places to live, the competition for those homes is making housing much less affordable for many. leading the list. >>

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Will Springer Realtor

NOVEMBER 14, 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. October figures from the Northwest Multiple Listing Service strongly suggest prospective buyers and sellers are taking a wait-and-see approach. higher YoY.

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Inventory Buyers Sellers New Listings 36

Will Springer Realtor

JUNE 13, 2023

It’s the bacon and eggs of the housing market – two staples that are often linked to one another. The pandemic housing market was super-charged by historically low interest rates and buyers seeking more spacious properties amid global health fears. months’ total inventory in the county, down from 1.4 in Seattle.

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Buyers Inventory Construction Finance 36

Will Springer Realtor

JULY 11, 2023

The Seattle/King County housing market inched forward – and a little sideways – as the number of new and unsold listings continued to expand in June while fresh signs of a slowdown approached. The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4%

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Will Springer Realtor

SEPTEMBER 8, 2021

It is developing several single-family and multifamily communities in King and Snohomish counties. The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. ” Forward-thinking developers will go beyond trails and lap pools, “which have become ordinary,” suggests the experts from Burns.

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Construction Inventory Buyers Real Estate 36

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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Will Springer Realtor

APRIL 8, 2021

housing markets. The national median family income rose just 4% from 2019 to 2020, according to the Department of Housing and Urban Development, while most home prices are jumping each year by 10% or more. The image was taken from a drone above The Parc, a condo in Belltown, where I am promoting one of my new listings.

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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 cities to determine the fastest-rising housing markets and two in our area ranked in the Top 25. Inventories are on the rise, so much so that one area is now considered a buyer’s market.

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Will Springer Realtor

DECEMBER 11, 2022

Some might argue the cold is emanating from the near-frigid Q4 real estate market, knocking the bloom straight off the housing-market rose in our region. The county saw a 33% drop in new listings and a 15% decline in active homes for sale since October. months of inventory. Prices declined 5.4% in October.

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Will Springer Realtor

MAY 9, 2023

years, according to recent data, when it was only about five years just before the housing market crash of 2007. Legislation related to transit-oriented development did not pass. The bill aims to help with traffic congestion and pollution by building denser housing near major transit locations.

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Will Springer Realtor

MAY 9, 2022

It has also set its sights on rezoning portions of the city to increase housing density. While these are promising developments, there will always be the affordability question. Between 2011 and 2019, the median household income in our area increased by about 34% but housing prices jumped 78%. Are we in a housing bubble?

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Will Springer Realtor

JUNE 9, 2021

Fast forward to today and markets here and across our nation are going through serious inflationary pressures. Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. million for sale today.

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Will Springer Realtor

FEBRUARY 9, 2022

People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. The aim is to generate more multi-family housing, from duplexes to fourplexes. Among other bills in the works, as of this writing: House Bill 1908 relates to the conversion of surplus public property to affordable housing.

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