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June 2022 South Florida Housing Report

Lamacchia Realty

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 supply to drop lower than ever by fall and into the winter, which in turn caused prices to continue to increase significantly with demand.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

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. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

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Signs of Inflation Expand Well Beyond Housing Prices

Will Springer Realtor

home was $313,000 through February, a sharp 16% higher from a year ago, according to the National Association of Realtors® (NAR). To help increase affordable housing inventory, lawmakers are reviewing whether to remove requirements that homeowners must live on-site. month (or 18 days of inventory), down from 0.9 in February.

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RISING INFLATION, RATES TRIP UP HOUSING MARKET

Will Springer Realtor

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. While the number of new listings in June jumped 8.2% While the number of new listings in June jumped 8.2% in our region.

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FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

That’s according to a survey of 1,002 Hispanic Americans by The National Association of Realtors®. >> Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. The number of new listings in the previous month and remaining on the market as of Oct. last month.

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

That includes 621 fewer Pending contracts in April 2022 than the previous April, as the net number of new listings remains on average lower than in years past. ” The increased number of listings and slight slow-down of the market have helped boost inventory numbers. . a month ago. Total supply on the Eastside (0.7

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. They have declined for two consecutive months, according to the National Association of Realtors®. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC.