Housing Wire

JUNE 29, 2024

Housing inventory is growing, but national home prices aren’t dropping dramatically, as the recent S&P CoreLogic Case Shiller index clearly showed. Today, we will examine new listing data more extensively to provide a clear example of a stressed seller market and compare that to where we are today.

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New Listings Inventory Contracts Sellers 415

DW Slater Company

JANUARY 30, 2023

What’s happening in the housing markets? Mortgage rates impact housing as they affect buying power. As we look at the housing market for 2022, a clear shift has occurred. Sellers have been in charge as buyer demand was fueled by historically low mortgage interest rates.

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Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Today, however, the purchase application data is actually down to levels we saw in 2009 ! housing market.

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Inventory Housing Market Construction Marketing 525

Housing Wire

MAY 18, 2021

. “I started as an agent up here in 2009, and I’ve been saying since then the only thing that would slow down the market would be some sort of national or international event,” said Pullin, a managing broker at Skyline Properties. But when inventory dropped to a third of its normal amount, everything changed.

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Housing Wire

DECEMBER 16, 2021

When this article was published, the unemployment rate is at 4.2%, inflation is above 6%, and both stock market and housing market values are elevated. Lenders should expect a much faster pace of hikes over the next few years than what was experienced following the 2009 recession. Will home price growth slow in 2022?

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Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. In time, markets always find balance and balance is a good thing. But, that doesn’t mean housing is going to crash. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast.

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Appraisal Buzz

SEPTEMBER 25, 2024

TD Bank recently issued its 2024 Mortgage Service Index , surveying more than 1,800 homeowners nationwide, to gather insights and analyze perceptions around the homebuying and mortgage experience, as well as attitudes on the current state of the housing market. Q: How did you first get your start in the industry?

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Loan Officers Retail Buyers Housing Market 221

Empire Appraisal Group

JULY 6, 2022

Unlikely to Feel Impact from Slowing Market. Wary buyers and rising interest rates may affect some U.S. markets, but Fla.’s Six of the nation’s top 25 most overvalued housing markets are in the Sunshine State, which can expect to see a “prolonged period of unaffordability” even as prices in other regions of the country cool.

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Housing Wire

MAY 15, 2024

A lot has been said about the ‘silver tsunami,’ with predictions that baby boomers will move in droves , suddenly unlocking tons of inventory for younger homebuyers. Builders planning new communities or marketing to buyers should keep this criteria in mind.

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Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Bulk Buyer Bonanza.

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Housing Wire

AUGUST 1, 2023

All year, the strength of homebuyer demand and the tight supply of homes for sale has meant that the market pretty rapidly found a floor on the home-price correction of 2022. The number of buyers has been surprising. This trend is why we’ve called it a soft landing for the housing market.

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Appraisal Today

JUNE 10, 2022

Hot housing market not a bubble, economists say. Excerpts: As home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow® does not believe the market is in a bubble. The hangar was built in 2009, and the home was completed in 2014. Jun 7, 2022. 2,821 sq.ft.

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Housing Wire

JANUARY 19, 2022

“Across the United States, homebuilders reliably broke ground on between 125,000 and 140,000 homes almost every month in 2021, and by one common measure, last year was the second-least volatile year for housing starts since 2005.”. Overall, an estimated 1,595,100 housing units were started in 2021, a 15.6% increase from 2020.

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Appraisal Today

JUNE 17, 2022

It is extremely important for appraisers now to closely track changes in your local markets at least once every day and tell your lender clients about it. When will it affect your market? The number of potential buyers will decrease as rates go up in many markets. We have never seen a pandemic real estate market before.

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Appraisal Contracts Real Estate Mortgage 52

Will Springer Realtor

AUGUST 13, 2024

The summer housing market slowdown is in full swing as vacations and Olympics TV viewing grab the attention of Americans rather than the pursuit of buying or selling a home in King County. July was marked by an expanding inventory of for-sale homes, fewer Pending sales and mostly higher prices. existing home sales. There are 3.1

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Buyers Investors Sellers Inventory 64

Will Springer Realtor

AUGUST 9, 2024

of office space, or 23% of total inventory, was available across the entire Eastside of King County, Broderick Group reported. The settlement requires all buyers in the U.S. This is nothing new to Washington buyers, as it became state law on Jan. By comparison, downtown Seattle’s office vacancy rate is 31%. About 7M sq.

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Design Real Estate Sellers Buyers 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. Home prices continued to confound buyers by climbing toward record highs as summer began. The number of Pending listings fell 3.9%

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Appraisal Today

MAY 26, 2023

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. In addition to reducing upfront costs, Rocket Mortgage says ONE+ completely eliminates the expensive monthly mortgage insurance fee for the client —which is traditionally required if the buyer places less than 20% down on their purchase.

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Housing Wire

FEBRUARY 22, 2022

Owing to a historic inventory crunch, new construction is playing a more prominent role in the housing inventory landscape in decades. single family homes on the market were new builds, according to a report by Redfin. Housing starts are also looking up, rising 1.4% Housing starts are also looking up, rising 1.4%

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Appraisal Today

JUNE 24, 2022

Two Trends Slowing Housing Market Normalization. Excerpts: You can’t buy what’s not for sale — and existing homeowners have little incentive to relieve the supply pressure, keeping a lid on housing market normalization. Have to be careful when typing them to avoid typos!Two June 20, 2022.

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Appraisal Contracts Mortgage Easement 52

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. The typical seasonal spring in its step has been replaced by a slow shuffle as the Seattle/King County residential market tries to find its rhythm in a challenging economic environment.

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Real Estate Modernization Construction Supply Chain 36

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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Lamacchia Realty

JANUARY 31, 2024

Learn More About the Southington Community 2024 Outlook Overall, the Southington,CT housing market performed as expected given that the market is adjusting from a frenzied state – home sales were down, and average prices were up. Southington proved to be no different, with homes listed down substantially year over year.

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