Housing Wire

FEBRUARY 21, 2023

Before that, you have to go back to October 2010 to find total sales this low.” January sales reflect purchase contracts made in November or December, and there is evidence that in many markets, the housing market has bottomed out and buyers are beginning to return to the market.” Despite this industry analysts remain optimistic.

Inventory 370

Inventory Buyers Housing Market Contracts 370

Housing Wire

APRIL 30, 2021

from 2010, per a recent U.S. “A lot of people list their home as ‘Coming Soon’ on Monday, go live on Friday, consider all their offers Sunday, and the house is under contract by Sunday evening,” Diaz said. Census report. “And in that timeframe they’ll get 12 to 15 offers, at least.”

Housing Market 543

Housing Market Marketing Real Estate Real Estate Agent 543

Housing Wire

AUGUST 1, 2023

The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract. Maybe by Q4, we’ll have more homes in contract than there were at the end of 2022. The count of new contracts this week was just over 68,000 single-family homes. Both lines indicate about 70,000 contracts.

Inventory 370

Inventory Contracts Buyers Mortgage 370

Housing Wire

JANUARY 20, 2023

million units, declining from its final estimate of total sales in 2022 and marking the slowest annual pace since 2010, according to its Economic and Strategic Research Group. “We Inventory remains tight , and the overall housing stock is well below what long-run demographic trends suggest is needed, according to the group.

Mortgage 418

Mortgage Housing Market Buyers Contracts 418

Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. Notably, during the timeframe of the First-time Home Buyer Tax Credit, there was significantly more inventory than seen today.

Realtors 418

Realtors Housing Market Marketing Buyers 418

Housing Wire

JULY 25, 2023

MW: As far as the inventory levels go, this is something that I’ve been focusing on and specializing in for years. Back in 2010, I created a structured offer process that real estate agents can follow, compete and win in a multiple offer scenario. HW: What do other LOs need to know to improve their business strategy?

Real Estate Agent 356

Real Estate Agent Mortgage Real Estate Training 356

Housing Wire

AUGUST 24, 2023

Higher mortgage rates probably signal “a further contraction in home sales activity,” she added. “We We could see monthly sales fall to 2010 or 2011 levels when the market was recovering from the free fall after the housing bubble.”

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.

Agents 435

Agents Buyers Sellers Inventory 435

Appraisal Buzz

SEPTEMBER 11, 2024

The real estate-owned (REO) sector has undergone significant changes in recent years, with the industry experiencing a notable contraction and consolidation. The days of abundant inventory and dedicated REO professionals have dwindled, as the market has shifted due to various factors.

Property Management 195

Property Management Inventory Contracts Technology 195

Miller Samuel

FEBRUARY 12, 2019

Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed). Overall inventory is up by about 17%, with a significant amount of supply coming from the studio and 1-bedroom market.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Miller Samuel

MARCH 19, 2019

Much of this speculation is being driven by two factors: sparse supply, due to the absorption of the inventory left over from the last boom, and fast-rising prices. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract). November: Control of the New York State Senate flipped.

Real Estate 370

Real Estate Law Development Investors 370

Hank Miller Team

OCTOBER 7, 2024

of listings contracted, 35.69 of listings contracted, 35.69 This data here considers the Atlanta real estate market as the counties of Fulton, Cobb, Cherokee, Dekalb, Forsyth, and Gwinnett. 6; adjustables might become popular again Work with PROFESSIONAL agents, that should be obvious from the last several years

Real Estate 52

Real Estate Marketing Contracts Sellers 52

Lamacchia Realty

JANUARY 25, 2024

This created an extreme scarcity of inventory and contributed to elevated prices, but it also led to a 22% decrease in the number of sales, leaving buyers eager. The resilience can be attributed mostly to the decrease in inventory. The number of homes placed under contract (pending, just singles and condos) decreased by 18.9%

Inventory 55

Inventory Sellers Buyers Contracts 55

Will Springer Realtor

OCTOBER 15, 2024

The recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months,” Lawrence Yun, chief economist for the National Association of Realtors® said in September. months of inventory across all home types in King and 2.3

Housing Market 68

Housing Market Marketing Construction Buyers 68

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. Unlike what the Northeast experienced, South Florida inventory is up over 2022 and the second half of 2021. South Florida Sales Decline by 17.5%

HOA 52

HOA Inventory Buyers Contracts 52

Appraisal Today

SEPTEMBER 8, 2023

Most recently, the 2010 build became one of the most expensive homes on the market when it hit the market in early August at the greatly reduced $26 million listing price. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.21 percent from 7.31

Appraisal 81

Appraisal Contracts Business Construction 81

Appraisal Today

JUNE 14, 2024

What if there is a contract which stipulates that the buyer will pay the title fee, but that the seller will contribute an amount equal to the title fee as a seller concession? In 2010/2011, appraisers in Bend were earning a typical fee of $401-$450 for a standard 1004 (single-family detached) order. percent from 0.3 percent from 7.07

Appraisal 74

Appraisal Sellers Contracts Insurance 74

Will Springer Realtor

FEBRUARY 13, 2024

Total inventory remains low, however, keeping prices higher on an annual basis. Annual sales across King County totaled 21,515 homes – down an incredible 24% from the year before and the fewest since 2010 (20,761). months’ inventory, up from 1.4 months’ inventory (2.0 Single-family inventory rose to 1.6 King had 1.8

New Listings 56

New Listings Buyers Inventory Lending 56

Will Springer Realtor

SEPTEMBER 12, 2023

The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. Inventory was little changed from July to August. months’ inventory, down from 1.5 Condo inventory stayed at 1.8

Finance 68

Finance Inventory Construction Buyers 68

Appraisal Today

JUNE 10, 2022

” The most popular reason for respondents rebuffing the bubble thesis is strong market fundamentals, including demographics, scarce inventory and shifting housing preferences. At this point, we’d have to go back to the purchase market doldrums of 2010-2015 to find anything lower (with a few exceptions). percent from 5.33

Appraisal 52

Appraisal Contracts Business Mortgage 52

Will Springer Realtor

OCTOBER 10, 2023

At the same time, the number of homes going under contract (Pending sales) fell 11% (2087) for the month and 9.8% Total sales dropped 16% (1823) since August and 22% year-on-year (YoY) for the entire county – the fewest sales for a September since 2010 (1488). months of inventory available today across our county, up from 1.5

Buyers 65

Buyers Inventory Sellers Housing Market 65

Will Springer Realtor

AUGUST 15, 2023

Mortgage rates are high, home prices are high, there’s no inventory.” The number of single-family homes going under contract (Pending sales) fell 8.7% is on track to sell only 4.16M homes this year, the fewest since the Great Recession and the June inventory figure is believed to be the lowest for the month on record.

Sellers 61

Sellers Buyers New Listings Inventory 61

Will Springer Realtor

DECEMBER 19, 2023

We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

DECEMBER 12, 2023

King County’s 1474 monthly home sales is the lowest for any November since 2010 (1331) – in the middle of the housing crisis. Notably, the Eastside saw a 25% decline in Pending sales (homes under contract) but are still 9.2% Months of inventory for single-family homes was flat at 1.7 (or Inventory was at 1.9 higher YoY.

Housing Market 43

Housing Market Marketing New Listings Buyers 43

Will Springer Realtor

FEBRUARY 8, 2023

Facebook (Meta) is evolving its office arrangements, leaving space in Seattle and Bellevue and contemplating additional contraction while opening a new lab (Frank Gehry-designed Building X) in Redmond later this year. metro between 2010 and 2021, according to data from the U.S. of space near its Seattle HQ (pictured atop).

Retail 36

Retail Design Development Landlords 36

Will Springer Realtor

MAY 9, 2022

Kitsap County had the fewest number of units built per household formed between 2010 and 2020 (0.55). 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. Inventories rose in the past month across the county (0.8

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

APRIL 11, 2022

This year’s buying and selling campaign will be marked by increasing inventory (good!), The thought that early spring would produce more, longer-lasting inventory has yet to materialize. Inventories for condos were little changed from month to month, standing at 0.6 overall, where housing inventory rose 2.4% from 44.2%

Construction 36

Construction Development Inventory Buyers 36

Will Springer Realtor

MAY 12, 2021

The narrow area known as Westlake, just west of Lake Union (and, notably, close to Facebook, Google and Amazon offices), has seen the number of people aged 25-34 double from 2010 to 2019 and now comprise 52% of its residents. >> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Assurance Financial

NOVEMBER 9, 2021

Because in a buyer’s market, there’s more housing inventory and lower prices, giving power to the buyer. This economic decline can cause homeowners to sell their houses if they can no longer afford to pay their mortgages, increasing housing inventory and shrinking the buyer pool. Real Estate Inventory.

Marketing 36

Marketing Sellers Real Estate Buyers 36

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.”. between 2010 and 2020 to edge out Denver (22.9%) and Portland, Ore.-Vancouver, Inventory remains a big concern. months of single-family-home inventory in King County and on the Eastside, and 0.5 There are 0.4

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

OCTOBER 11, 2022

Waller went on to say this adjustment is in no way like the horrific housing/financial crises of 2007-2010. Seattle experienced a 32% (1031) monthly increase in new listings but a 15% (558) decline in homes going under contract, as median prices fell 2.9% ($900,000) since August and remain 5.9% months’ inventory. last month.

Housing Market 36

Housing Market Marketing Real Estate Buyers 36

Listing Spark

DECEMBER 15, 2022

To ensure compliance, it’s important to get an under contract, verify income and down payment, and have the borrower go to an RMLO to get a full underwrite. So obviously you know, back in 2009 and 2010 when we started doing owner finance and the markets, you know, you couldn’t flip a house or anything.

Finance 36

Finance Investing Real Estate Lending 36

Will Springer Realtor

DECEMBER 13, 2022

That real estate party of unquenchable buyer demand against a backdrop of low inventory is over. In his estimate: “Homebuilding’s going to contract.”. Most economists expect any recession to be relatively short and shallow – certainly nothing like the Great Recession of 2008-2010. and ease to 4.9% in 12 months. Return to Top.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Will Springer Realtor

NOVEMBER 12, 2021

are 64% more expensive now than in 2016 and are reduced in number by more than half today: “I expect the inventory of starter homes to remain extremely tight, especially in desirable smaller markets,” Ali Wolf, chief economist at the building consultancy Zonda, told realtor.com. in 2010, the largest decline of any state. in September.

Law 36

Law Inventory Real Estate Government 36

Will Springer Realtor

JUNE 9, 2021

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. One-tenth surveyed said they have added language to contracts that require buyers to share in the materials costs if they continue to rise.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

JUNE 8, 2022

The rate today is the same as in the late 1960s, except during the housing bubble of 2008-2010 when ownership rose – and we know how that ended up! The multi-pronged effort includes legislative and administrative actions to increase the number of affordable units and overall inventory. months, Pierce at 0.8 and Snohomish at 0.6.

Design 36

Design Construction Development Property Taxes 36

Houston Properties

JANUARY 13, 2021

We also believe these trends will create limited appreciation for inner loop neighborhoods known for small lots, choppy floor plans, with lots of construction from the 1990’s – 2010, especially zoned to not-top-ranked schools. Properties are still going under contract. How Is My Neighborhood Doing? 2020 ended favoring sellers.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68