Housing Wire

DECEMBER 7, 2022

These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

JUNE 29, 2024

Housing inventory is growing, but national home prices aren’t dropping dramatically, as the recent S&P CoreLogic Case Shiller index clearly showed. Today, we will examine new listing data more extensively to provide a clear example of a stressed seller market and compare that to where we are today.

New Listings 415

New Listings Inventory Contracts Sellers 415

Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Plus, available housing inventory remains near historic lows.” ” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well.

Inventory 531

Inventory New Listings Housing Market Sellers 531

Housing Wire

JANUARY 19, 2024

Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. To give you all some perspective, this data line dropped all the way to 14 days in the crazy period of COVID-19, while back in 2011, it was 105 days.

Housing Market 493

Housing Market Inventory Contracts Marketing 493

Appraisal Buzz

JULY 16, 2024

Sellers are increasingly cutting prices to entice buyers struggling with affordability,” said Dr. Skylar Olsen, Chief Economist for Zillow. While inventory levels are still about 33% below pre-pandemic averages, that’s the smallest deficit since the fall of 2020, when the pool of available homes was quickly dropping.

Home Value 397

Home Value Inventory Buyers Sellers 397

Housing Wire

SEPTEMBER 22, 2022

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. Total Inventory data fell in this report from 1.31 I am a big fan of inventory to 2019 levels. million to 1.28

Inventory 482

Inventory Housing Market New Listings Mortgage 482

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing Inventory. Home price s. million in 2023.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

DECEMBER 3, 2020

months worth of housing inventory, which is the lowest ever, the report from Keller Williams said. Notably, in 2011, existing home prices in Ada County were at $160,113. They bid $750,000 and again at $775,000, which the seller said would work. Now, in 2020, median existing home prices are at $410, 414.

Marketing 534

Marketing Realty Housing Market Realtors 534

Housing Wire

DECEMBER 20, 2023

The marketplace data told us we had no stressed sellers in 2023. NAR: Total housing inventory at the end of November was 1.13 Unsold inventory sits at a 3.5-month 2022. Unsold inventory sits at a 3.5-month million units, down 1.7% from October but up 0.9% from one year ago (1.12 months in Oct. but up from 3.3

Housing Market 482

Housing Market Marketing Inventory Realtors 482

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5

Inventory 397

Inventory New Listings Law Housing Market 397

Housing Wire

MAY 24, 2022

I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. My biggest thing is getting total inventory back to 2018-2019 levels, which can range from 1.52-1.93

Housing Market 418

Housing Market Inventory Construction Marketing 418

Appraisal Buzz

JUNE 25, 2024

Sustained outperformance of the Northeast market was last observed in 2011. million in April.” “Despite the slower pace of sales activity, home sellers were somewhat more willing to engage with the market. growth in active inventory in the housing market in this period. million in February to a pace of just over 4.1

Inventory 356

Inventory Housing Market Marketing Sellers 356

Housing Wire

MARCH 9, 2022

from the fourth quarter of 2011 through the fourth quarter of 2021, according to NAR, and as of Q4 2021, the median single-family existing-home sales price rose by at least 10% in 67% of 183 metro areas tracked by NAR. .” ” Nationwide, the median single-family existing-home sales price rose at an annual pace of 8.3% in 2010.

Home Value 468

Home Value Realtors Marketing Inventory 468

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. .

Realtors 418

Realtors Housing Market Marketing Buyers 418

Housing Wire

AUGUST 24, 2023

However, persistently high mortgage rates pose a significant affordability challenge to buyers and sellers (not to mention the workers of a trillion dollar-plus industry). 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

DECEMBER 29, 2021

Not the best of news as we start year three of that time period with a solid possibility of new all-time lows in inventory this spring. Home sellers strive to get the highest price from the best offers and homebuilders have the pricing power over consumers. Well, it looks like my five-year growth model has been taken out in two years.

Housing Market 534

Housing Market Marketing Construction Mortgage 534

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. The current market slightly favors sellers but it's nothing like it was. Listing inventory drops during the pandemic with the seasonal bump in '21. It's not 2011.

Buyers 98

Buyers Inventory Agents Contracts 98

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. A lot of it had to do with anemic inventory. Average prices for closed sales increased by 3.4% Sales Decline by 21.7%

Inventory 73

Inventory Sellers Contracts Buyers 73

Lamacchia Realty

JANUARY 25, 2024

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. The decline in inventory has made it impossible for prices to decrease due to demand.

Inventory 62

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%

Inventory 55

Inventory Sellers Buyers Contracts 55

Annarbor Appraisal

APRIL 9, 2020

This information clearly shows a declining trend from the 2005 data down to a low point between 2009 and 2011. Buyers, sellers, and the Realtors who work with them are adaptable, and some transactions have continued via virtual showings. In it I included a year over year chart of all sales through the local MLS back to 2005.

Property Taxes 78

Property Taxes Buyers Sellers Realtors 78

Lamacchia Realty

DECEMBER 28, 2022

At that time we had an extreme overabundance of sellers and not enough motivated buyers. But there’s also a lack of sellers because people are reluctant to give up their low mortgage interest rates. But there’s also a lack of sellers because people are reluctant to give up their low mortgage interest rates.

Sellers 78

Sellers Buyers Real Estate Inventory 78

Lamacchia Realty

JANUARY 30, 2024

Unlike what the Northeast experienced, South Florida inventory is up over 2022 and the second half of 2021. Inventory has risen year over year, contrary to the lows that the Northeast has seen. 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 8, 2021

from a year ago and at a level not seen since 2011. Who said this is a sellers’ market? The typical first-time buyer was 33 years old, while the repeat-buyer age rose to an all-time high of 56. >> Sellers are probably celebrating, as the return on investment in their homes skyrockets. Monthly inventory stands at 0.4

Sellers 36

Sellers Marketing Supply Chain Construction 36

Will Springer Realtor

DECEMBER 14, 2021

Buyers will continue to outstrip sellers by a significant margin but less extreme than in 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. from the same time in 2020 and a low not seen since 2011.

Real Estate 69

Real Estate Buyers Construction Sellers 69

Appraisal Today

JUNE 14, 2024

NOTE: Please scroll down to read the other topics in this long blog post seller concessions, all cash sales, liability, new fee survey, unusual homes, mortgage origination stats, etc European-Inspired $115M Bel-Air CA Mansion Dubbed ‘Villa Del Amor’ Excerpts: 9 bedrooms, 13 baths, 14,941 sq.ft.,

Appraisal 74

Appraisal Sellers Contracts Insurance 74

Housing Wire

OCTOBER 23, 2024

If you take 2007-2011 out of the equation, we have had only one year go negative; that was 1990, and that was only a 1% decline. To get a real price crash, we would need to see a surge of housing inventory and distressed sellers. So, why haven’t home prices crashed with high mortgage rates this year? million in September.

Mortgage 497

Mortgage Inventory New Listings Sellers 497

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. See the August housing report further below, if you dare!). That’s fair. SMILE FOR THE CAMERA.

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. Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines. months of inventory available in the county, down from 2.0 in September.

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

OCTOBER 8, 2021

To be sure, the market is still leaning heavily in the sellers’ favor and listings are slimmer than a strand of spaghetti. The combination of buyers leaving the market, which brings down demand, and the slow but steady increase in new listings has beefed up inventory slightly month-to-month. Inventories improved fractionally.

Real Estate 36

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

Housing Market 36

Housing Market Marketing Inventory HOA 36

Will Springer Realtor

DECEMBER 13, 2022

Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. That real estate party of unquenchable buyer demand against a backdrop of low inventory is over.

Real Estate 36

Real Estate Buyers Construction Sellers 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.

HOA 36

HOA Transportation Construction Buyers 36

Clear Capital

OCTOBER 28, 2021

The seller has a bunch of dogs — like 10 little tiny puppy dogs — in the yard is constantly covered in dog poop as a result. Like, the seller never cleans it up. 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.

Real Estate 64

Real Estate Tools Agents Real Estate Agent 64

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%. ” The increased number of listings and slight slow-down of the market have helped boost inventory numbers. Inventories rose in the past month across the county (0.8 a month ago. and Seattle (1.1).

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

JUNE 11, 2024

NAR SETTLEMENT UPDATES The real estate listing service for Western Washington has turned down an offer to join the nationwide settlement between the National Association of Realtors® (NAR) and sellers over claims of inflated compensation to brokers. Sellers can offer any amount – or nothing – seeking to improve consumer transparency.

Real Estate 36

Real Estate Construction Buyers Sellers 36

Will Springer Realtor

NOVEMBER 12, 2024

Critical to most buyers and sellers is the single-family-home market. The county has completed only 19,868 total home sales this year, which is the lowest figure since 2011 when 18,930 homes sold through the first 10 months. And, as sellers outnumber buyers this time of year, competitive pressure has all but disappeared.

Housing Market 55

Housing Market Marketing Buyers Inventory 55