Housing Wire

SEPTEMBER 22, 2022

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% Total Inventory data fell in this report from 1.31 It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52 I am a big fan of inventory to 2019 levels. Unsold inventory sits at a 3.2-month

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Inventory Housing Market New Listings Mortgage 482

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. In comparison, in 2011, homes took 96 days to sell. . However, in many areas of the country it does remain a seller’s market.

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Realtors Housing Market Marketing Buyers 418

Housing Wire

MAY 24, 2022

My biggest thing is getting total inventory back to 2018-2019 levels, which can range from 1.52-1.93 However, this isn’t going to help much because the existing home sales market has a different inventory channel. Now inventory is rising in the existing home sales market, and we just had some positive weekly year-over-year prints.

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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.”

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Mortgage Property Taxes Investors Buyers 370

Hank Miller Team

JANUARY 23, 2023

understand that it's not the spring of 2011. While rates were certainly favorable, the lack of inventory resulted in a punishing home buying experience. Listing inventory drops during the pandemic with the seasonal bump in '21. When '22 opens, inventory is at historic lows and the crazy period is on. It's not 2011.

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Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. “The state of the housing crisis,” Pullen said, “Is such that we do not have the luxury to say ‘no’ to any innovative approach.”.

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Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. A year later, still no crash, which had more to do with the decrease in inventory than the decrease in sales. The number of homes placed under contract (pending), decreased by 17.7% A lot of it had to do with anemic inventory.

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Lamacchia Realty

JANUARY 25, 2024

The market’s resilience can be attributed more to the decrease in inventory than the decline in sales. This report, the first one we are publishing for Rhode Island, examines sales, average prices, the number of active listings, and listings under contract for 2023 compared to 2022. Average prices for closed sales increased by 7.7%

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Inventory Sellers Buyers Real Estate 62

Lamacchia Realty

JANUARY 25, 2024

This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Average prices for closed sales increased by 7.2% Sales Decline by 18.9%

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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%

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Appraisal Today

SEPTEMBER 29, 2023

percent, the highest rate in the history of the jumbo rate series dating back to 2011,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. The purchase market, which is still facing limited for-sale inventory and eroded purchasing power, saw applications down over the week and 27 percent behind last year’s pace.

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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

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Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. USPAP and the Contract. Excerpt: But USPAP and the contract have a very unique relationship. Some appraisers do not like having a copy of the contract.

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Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

JULY 7, 2023

year-over-year to $396,100, marking the largest price reduction since December 2011.While However, the “mortgage lock-in” phenomenon—where homeowners are reluctant to sell after buying or refinancing at lower rates before 2022—could limit future sales and inventories. The average contract interest rate for 5/1 ARMs decreased to 6.00

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Appraisal Real Estate Contracts Mortgage 77

Appraisal Today

NOVEMBER 10, 2023

addition in 2011 expanded its footprint and modernized its features also adding a 4-car garage. The purchase index is still more than 20 percent behind last year’s pace, as many homebuyers remain on the sidelines until more for-sale inventory becomes available.” The average contract interest rate for 5/1 ARMs decreased to 6.76

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Appraisal Contracts Design Mortgage 63

Will Springer Realtor

DECEMBER 14, 2021

There are too many consumers searching for homes and clearly not enough inventory, however that still means costs around goods, services and housing are going to inflate. With more housing inventory to hit the market, the intense multiple offers will start to ease,” predicts Lawrence Yun, chief economist with NAR. 3-bedroom with den).

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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. months of inventory. Inventories across the county for all home types now stand at 2.2

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Inventory Supply Chain Construction Buyers 36

Will Springer Realtor

SEPTEMBER 8, 2021

There are no signs of a real estate crisis, particularly in the Puget Sound region, where prices keep rising – up about 20% the past year and 68% in Seattle alone since 2016, by one measure – amid a dearth of inventory and surge of buyers. A drying up of listings sent inventory figures lower. in July, and condo inventories were 1.0,

Construction 36

Construction Inventory Buyers Real Estate 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. Total Eastside inventory rose to 1366 active listings, up 52% in one month and 210% in a year. months’ inventory, up from 1.0

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Housing Market Marketing Inventory HOA 36

Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

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HOA Transportation Construction Buyers 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 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

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Architecture Design Buyers Construction 36

Will Springer Realtor

OCTOBER 8, 2021

The gross-flipping profit of $67,000 in Q2 translates into a 34% return on investment compared to the original acquisition price, its lowest point since Q1 of 2011, when the housing market was recovering from a price slump brought on by the Great Recession. Inventories improved fractionally. in Q2, down from 6.8% There is now 0.7

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Clear Capital

OCTOBER 28, 2021

Since 2011, Nooklyn has helped over 55,000 New Yorkers — that’s a lot — find their apartment and processed over 85 million in rental payments. And so, it’s been the opposite for us this year where people have not only moved back, we’re now probably entering a period where there’s like an inventory crunch.

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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.”. Homes go under contract in a median 20 days, up an additional 11 days from only a month earlier. Popping sounds can be heard from party balloons, one by one.

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Real Estate Buyers Construction Sellers 36

Will Springer Realtor

JUNE 11, 2024

The number of homes going under contract fell from April to May by 13% in Seattle to 876 units and slipped 1.2% In addition, the rate of Seattle homes under contract within 30 days on the market fell from 62% in April to 57% last month; Eastside homes found buyers in four weeks or less 71% of the time in May, down from 74% in April.

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Real Estate Construction Buyers Sellers 36

Housing Wire

NOVEMBER 2, 2024

Home prices have remained firm over the last two months, even with higher mortgage rates and inventory data. Pending contracts First, we must realize that we are working with the third calendar year of the lowest home sales ever recorded, once you adjust that number to the workforce. To this date, these principles still apply.

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Inventory New Listings Mortgage Contracts 516