Remove 2009 Remove Housing Market Remove New Listings
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The health of this housing market: Comparing 2024 data to 2011

Housing Wire

Today’s housing market suffers from affordability issues due to mortgage rates in the 7s and high home prices. People are quick to panic over any part of the housing market that looks stressed, fearing we’ll see 2008 levels of destruction all over again. Why choose 2011?

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New listings data is growing and prices still aren’t crashing

Housing Wire

The rules of supply and demand economics always end up winning and weekly new listing data is key. New listing data is growing year over year, but it will be the second-lowest new listing data ever recorded in history. For the fifth time this year, inventory hit my target level with elevated mortgage rates.

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Credit data shows: There’s no housing crash coming

Housing Wire

The new listings data we track with Altos Research is trending at the lowest levels ever during the past few years, while back then it was running at accelerated levels. Look at the difference between this week in 2024 versus the same weeks in 2009-2011. Here is an example with our Nov.

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How much will home prices climb over the next year?

Housing Wire

The median price of the new listings this week is $399,900. As the summer progresses, each subsequent week of new listings gets priced at a slight discount to the previous weeks. This trend is why we’ve called it a soft landing for the housing market. Home prices declined subsequently.

Inventory 370
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Expanding Supply, Easing Prices Bring Relief to King County Housing Market

Will Springer Realtor

Realtor.com reported that our broader market (including Bellevue and Tacoma) experienced the sharpest rise in new listings compared with last year, up 42%. The next closest market – San Jose, Calif. – The 14% monthly rise in King County new listings included a shocking 52% surge in Seattle (1430 units).

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Tis the Season: Monthly Dropoff of King County Housing Sales

Will Springer Realtor

The brief and unseasonal spurt in October activity across the Seattle/King County residential real estate market ended abruptly last month. November new listings fell by about half of the previous month’s rate while home prices saw a welcome decline. The number of new listings tumbled 48% from October and was down 2.7%

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King County Housing Activity Muted by High Purchase Costs

Will Springer Realtor

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. The housing market feels like it’s in a slump, despite a slight monthly increase in sales across the county. existing home sales.

Buyers 54