Housing Wire

SEPTEMBER 22, 2022

Existing home sales have more legs to go lower, especially now that new listing data is falling. A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well.

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Inventory Housing Market New Listings Mortgage 482

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. For some historical context, back in 2011, this data line was 101 days. We have a workable range for 2023 sales in the existing home sales market between 4 million and 4.6

Inventory 531

Inventory Housing Market Marketing New Listings 531

Housing Wire

DECEMBER 7, 2022

million, the equilibrium balance between a buyer and seller marketplace that has been here for four decades. Only from 2006-2011 did we see this break due to forced sellers who couldn’t buy homes. One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual.

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

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. One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. This is not encouraging news at all, in my view. From Redfin.

Inventory 397

Inventory New Listings Law Housing Market 397

Housing Wire

OCTOBER 11, 2022

million active listings, but at just 1.28 This doesn’t mean homebuyers don’t have something of an edge now: As inventory has increased and buying power has faded, the buyers who are available are dealing with a lot less competition as the bidding wars are ending. The only time this happened was 2006-2011 — the housing bust years.

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Sellers Inventory Housing Market New Listings 514

Housing Wire

FEBRUARY 8, 2024

Kingsbury said homes at lower price points have the largest buyer pools and are frequently subject to the stiffest competition. 11 of last year found that 27,700 violent crimes had been reported in the city, marking the highest level of violent crime in Chicago since 2011. A CBS Chicago analysis of police data from Jan. 1 through Dec.

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Inventory Agents Housing Market Luxury Properties 468

Lamacchia Realty

JANUARY 25, 2024

2023 was a notable year in real estate history, but if we had to put our finger on what stood out, it was how the number of homes listed was the lowest in over two decades. It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. Sales Decline by 21.7% Average Prices Increase by 3.4%

Inventory 73

Inventory Sellers Contracts Buyers 73

Lamacchia Realty

JANUARY 25, 2024

reduction in sales, leaving prospective buyers eager to make a move. As interest rates sought to stabilize following their sharp decline in 2020, both buyers and sellers had to acknowledge the end of the era of historically low pandemic-induced rates, and the beginning of higher monthly mortgage payments. Average Prices Increase by 7.7%

Inventory 62

Inventory Sellers Buyers Real Estate 62

McKissock

MARCH 1, 2021

Dara’s ability to listen to clients and her attention to detail landed her Exceptional Service Awards in 2011, 2012, and 2013 from Cartus/USAA, one of the nation’s largest relocation organizations. A: The obstacles Millennial real estate buyers face for owning a home in the Boston market come down to low inventory.

Real Estate 90

Real Estate Clients Real Estate Agent Renovations 90

Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Sales in New Hampshire declined by 18.9%

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Inventory Sellers Buyers Contracts 55

Lamacchia Realty

JANUARY 30, 2024

That said, the number of homes sold is down year over year, so it’s a true sign that the voracious buyer activity has slowed down and that this region is a bit ahead of the North in the market adjustment cycle. In the chart below you’ll see that the number of single-family homes sold is the lowest it has been in South Florida since 2011.

HOA 52

HOA Inventory Buyers Contracts 52

Will Springer Realtor

DECEMBER 11, 2022

This year’s “cold down” is stark, with 36% fewer new listings and about 26% fewer homes under contract (Pendings) for all King County home types combined as well as single-family structures alone – and that’s simply from October to November. The number of active King County listings, as of Dec. 1, was about 17% lower than Nov.

Inventory 36

Inventory Supply Chain Construction Buyers 36

Will Springer Realtor

SEPTEMBER 8, 2021

The Institute outlined four ways innovative builders could accommodate the emerging buyer wants: Immersion into nature. Here’s a negotiating tactic that you may not have thought of: Sellers who “spy” on buyers when they are visiting the home. Those surveyed said they wanted to listen in on what buyers do and don’t like about the homes.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. October figures from the Northwest Multiple Listing Service strongly suggest prospective buyers and sellers are taking a wait-and-see approach. New listings in King were off 26% month-to-month (1583) and Active listings were down 9.4% (2296).

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

OCTOBER 8, 2021

I also heard the same question from buyers this year. While early to mid-spring was frenzied – featuring waves of cash-carrying buyers with their contingency-absent offers – the housing environment settled down to a somewhat civilized pace by September and likely for the next few months. And that answer appears to be “yes.”

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Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

JULY 8, 2022

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. Even stock investments, the source of many down payments for buyers, have taken a heavy blow. FOR FIRST-TIME BUYERS, NOW WHAT? Washington, D.C.,

Housing Market 36

Housing Market Marketing Inventory HOA 36

Will Springer Realtor

MAY 9, 2022

Between 2011 and 2019, the median household income in our area increased by about 34% but housing prices jumped 78%. That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. It has also set its sights on rezoning portions of the city to increase housing density.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

MAY 13, 2024

Sellers accused NAR and other defendants of unlawfully inflating compensation paid to agents to bring financially qualified buyers to homes.Potential members of the class action can send objections or comments about the settlement to the court. With the settlement, a wave of new listings hit the market in the past several weeks.

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HOA Transportation Construction Buyers 36

Will Springer Realtor

NOVEMBER 12, 2024

Not to sound like a broken record but, along with seasonal consumer habits in which school, raking leaves and Seahawks football occupy our attention, stubbornly high mortgage rates have kept many prospective home buyers out of the marketplace – except for one fleeting moment. Yes, the silver lining for buyers today is growing supply.

Housing Market 55

Housing Market Marketing Buyers Inventory 55