Housing Wire

JUNE 11, 2023

inventory saga: after mortgage rates spiked above 6% in 2022, that jump-started the unhealthy reality of new listing data trending negative year over year. So much for the 2021 grifting premise that once mortgage rates rise, many Americans will list to sell and get out! Of course, we have a third story in this U.S.

Inventory 523

Inventory Housing Market Marketing New Listings 523

Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. At the same time, existing inventory has likely already bottomed out and new listings are keeping steady despite normal seasonal declines. Existing-home sales dropped 4.1%

Inventory 435

Inventory New Listings Realtors Contracts 435

Housing Wire

DECEMBER 28, 2022

Home Prices will fall, but don’t expect 2010. There will be two key differences between 2023 and 2010. As many were quick to point out at the time, the number of new listings coming onto the market had not fallen. The event is exclusively for HW+ members , and you can go here to register. months nationally.

Housing Market 505

Housing Market Marketing Inventory Mortgage 505

Housing Wire

APRIL 18, 2024

This is a byproduct of the qualified mortgage rule of 2010, which has been a game-changer not only for the housing market but for the overall U.S. But one positive reason for the low inventory is that homeowners have great financials and aren’t being forced to sell their homes out of stress. NAR: Total existing-home sales receded 4.3%

Inventory 505

Inventory Housing Market New Listings Buyers 505

Housing Wire

AUGUST 30, 2022

I don’t need to see total active listing get back to the historical range of 2-2.5 New listings are declining now. Inventory is always seasonal, but the decline in new listings this year was not what I wanted to see. This is not encouraging news at all, in my view. From Redfin.

Inventory 397

Inventory New Listings Law Housing Market 397

Housing Wire

JANUARY 5, 2023

It got so bad that I labeled the housing market savagely unhealthy in February and deemed it the worst housing market post-2010, as inventory broke to all-time lows and mortgage rates were simply too low to stop the bidding wars. I have been forecasting since 2010 and I’ve only predicted price declines for 2011 and 2012.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

APRIL 20, 2023

If we are trending below 4 million — a possibility with new listing data trending at all-time lows — then we have much weaker demand than people think. are different post-2010. As expected, existing home sales fell from February to March since the previous month’s report was intense. Now if we get a few sales prints above 4.6

Inventory 531

Inventory Housing Market Marketing New Listings 531

Housing Wire

JUNE 22, 2023

Credit channels and inventory channels both changed after 2010 because of the qualified mortgage laws and the 2005 bankruptcy reform laws. There is a better case that we can get below 4 million if mortgage rates stay high and new listing data starts its seasonal decline in the data.

Housing Market 526

Housing Market Marketing Inventory Law 526

Housing Wire

MAY 20, 2022

Since 2010, Bluff ton’s population has nearly tripled to about 34,000 making it one of America’s fastest growing towns. They are going up $25,000–$30,000 for the list prices and then when they offers come in and there will be multiple offers, it will sell for $5,000–$10,000 more than the list price.”. in 2021 to $330,745.

Housing Market 435

Housing Market Marketing Real Estate Agent Real Estate 435

Housing Wire

MAY 2, 2022

At over 5%, mortgage rates are now the highest they have been since 2010. As a result, markets were quick to respond, driving mortgage spreads and rates much higher than most experts expected by this time of year.

Housing Market 397

Housing Market Marketing Buyers Inventory 397

Housing Wire

AUGUST 1, 2023

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. During the GFC, inventory rose in 2007, 2008, 2009 and 2010. If you’re shopping for a home today, then the median price is $450,000.

Inventory 370

Inventory Contracts Buyers Mortgage 370

Will Springer Realtor

OCTOBER 15, 2024

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 14% monthly rise in King County new listings included a shocking 52% surge in Seattle (1430 units). The number of Active listings is another eye-opener.

Housing Market 68

Housing Market Marketing Construction Buyers 68

Will Springer Realtor

DECEMBER 10, 2024

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% Fewer listings will likely lead to quieter sales activity in the coming months. The seasonal slowdown is in full swing now.

New Listings 60

New Listings Buyers Real Estate Mortgage 60

Housing Wire

OCTOBER 23, 2024

Where I disagree with Yun is this: We have more inventory because demand has been softer, and we have more new listings this year compared to last. No major forced selling happening Below is our data on new listings, showing that 2023 and 2024 will be the lowest new listing periods ever.

Mortgage 497

Mortgage Inventory New Listings Sellers 497

Will Springer Realtor

AUGUST 15, 2023

The season has been shaped by slumping new listings, a slowly climbing number of homes sitting on the market from previous months, fewer closed sales compared to last year and prices moving plus/minus five percentage points year-on-year (YoY). monthly decline in available Seattle listings (793). The county saw a 4.9%

Sellers 61

Sellers Buyers New Listings Inventory 61

Raleigh Realty

JULY 12, 2022

According to the latest census, the population in Raleigh grew by almost 64,000 residents between 2010 and 2020. 4,840 new apartments were constructed in Raleigh throughout 2021. Statista) The number of new listings in Raleigh in April 2022 was more than new listings in January 2022.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Lamacchia Realty

JANUARY 30, 2024

Condo sales are at the lowest point since 2010. 2023 Sees the Lowest Number of Homes Listed in Fifteen Years There was a 10% decrease in the number of new listings compared to 2022, with 113,883 homes listed in South Florida, down from 126,545.

HOA 67

HOA Inventory Buyers Contracts 67

Will Springer Realtor

FEBRUARY 13, 2024

Annual sales across King County totaled 21,515 homes – down an incredible 24% from the year before and the fewest since 2010 (20,761). And, despite the rise in new listings, the number of homes still on the market on Feb. Seattle led the way with a 156% increase in new listings (517) month-to-month and 4.0%

New Listings 55

New Listings Buyers Inventory Lending 55

Will Springer Realtor

SEPTEMBER 12, 2023

fewer new listings, the rate of sales rose 1.7% Two data points stood out from the latest report by the Northwest Multiple Listing Service: The aforementioned new listings for all homes in the county – 2684 – is at a low not seen for an August since records were shared with brokers (like me) dating back to the mid-1990s.

Finance 68

Finance Inventory Construction Buyers 68

Lamacchia Realty

JANUARY 25, 2024

Sellers hesitated to list their homes , not just to retain pandemic-era rates, but also due to concerns about potentially higher monthly payments when buying again. This has led to the lowest number of new listings since 2010.

Inventory 70

Inventory Sellers Buyers Contracts 70

Will Springer Realtor

DECEMBER 12, 2023

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. King County’s 1474 monthly home sales is the lowest for any November since 2010 (1331) – in the middle of the housing crisis.

Housing Market 43

Housing Market Marketing New Listings Buyers 43

Will Springer Realtor

OCTOBER 10, 2023

First a look at September’s numbers: A wave of last-chance listings for the year hit the market after Labor Day. That increased new listings by 7.5% (2884) and available homes on the market by 12% (3602) between Sept. Seattle alone saw a 29% (1213) monthly increase in new listings. 1 and Oct. on the year.

Buyers 65

Buyers Inventory Sellers Housing Market 65

Lamacchia Realty

JANUARY 29, 2025

2024 Listings Rise for the First Time in Two Years Connecticut has experienced a steady decline in listings since 2015. However, after two years of significant drops, including 2023’s record low since 2010 , 2024 saw a 2.9% increase in new listings.

Inventory 37

Inventory Buyers Real Estate Sellers 37

Will Springer Realtor

APRIL 8, 2021

Here’s the key difference between now and 2008-2010: Homeowners have record levels of equity and should be able to tap into that to sell their homes – probably for a profit in this sellers’ market – and avoid foreclosure. The image was taken from a drone above The Parc, a condo in Belltown, where I am promoting one of my new listings.

Inventory 36

Inventory New Listings HOA Buyers 36

Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. Buyers and sellers tiptoed through caution. Um, bye-bye! The number of U.S.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

NOVEMBER 14, 2023

Sales activity across the county is at historic lows; no October has experienced fewer listings in King County – not even close – since at least 1992 when records were first archived online. New listings for all home types in King County stood at 2157, a whopping 25% drop from September to October. Closed sales fell 0.9%

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

FEBRUARY 13, 2025

Thats up from 63% in 2010. Science and engineering degrees led the recent surge, increasing from a share of 43% in 2010 to 52% today. The rate of homes hitting the market was also about one-third stronger than in January 2024 and, at 2533 new listings, it is the most of any January in four years. San Jose, Calif.,

Property Taxes 36

Property Taxes Design Buyers Market Value 36

Housing Wire

MAY 30, 2023

NAR total inventory since 1982: I prefer the Altos Research weekly single-family data to the NAR data because it gives us a fresh look at not only active listing data but new listing data. The Altos Research new listing data is essential in tracking the supply aspect of housing, which is why I include it as part of the Tracker.

Inventory 497

Inventory Housing Market New Listings Marketing 497

Will Springer Realtor

MAY 9, 2022

. >> The Puget Sound region suffered from a severe lack of new construction in the decade ending in 2020, according to U.S. Kitsap County had the fewest number of units built per household formed between 2010 and 2020 (0.55). I had to share this new listing because of the fantastic listing video.

Architecture 36

Architecture Design Buyers Construction 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. 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.

Housing Market 36

Housing Market Marketing Real Estate Buyers 36

Will Springer Realtor

OCTOBER 11, 2023

That median figure is the smallest measure for a home since 2010 and marks a reversal after a brief increase during the post-Covid building boom. >> First a look at September’s numbers: A wave of last-chance listings for the year hit the market after Labor Day. Seattle alone saw a 29% (1213) monthly increase in new listings.

Law 36

Law Development Design Government 36

Will Springer Realtor

FEBRUARY 9, 2022

between 2010 and 2020 to edge out Denver (22.9%) and Portland, Ore.-Vancouver, For example, Seattle enjoyed a 125% month-to-month surge in new listings in January (308) but experienced a 15% decline in active listings on Feb. . >> Seattle metro experienced the greatest inflationary pressure than any major U.S.

Buyers 36

Buyers Inventory Law Development 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. To be sure, the number of Millennials buying homes is at a slower pace than their contemporaries.

Real Estate 36

Real Estate Inventory Buyers Construction 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. The average King County single-family listing sold in May 9.5% Then the housing bubble burst. High demand kept supply depleted.

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! After a continued rise in sales activity through March, the number of Seattle listings under contract and new listings have eased. month to month (436) and 6.1%

Design 36

Design Construction Development Property Taxes 36

Will Springer Realtor

AUGUST 9, 2021

>> The City of Kent reported home prices increased 88% between 2010 and 2018, while incomes for homeowners rose 11% in that time. Some highlights from the Northwest Multiple Listing Service (through July): The combined number of condo, townhome and single-family homes on the market as of Aug.

Construction 36

Construction Inventory Property Taxes Development 36

Housing Wire

NOVEMBER 15, 2024

None of that action has been happening for 14 years because the credit market changed after the 2010 qualified mortgage rule. FICO score data The FICO score data is the sexiest economic data in America — it’s been hot since 2010! Also, back in 2010, over 23% of homes were underwater; today, it’s the lowest percentage ever.

New Listings 521

New Listings Sellers Mortgage Law 521