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. As we can see below, none of that is happening today because the seller isn’t stressed.

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

OCTOBER 20, 2022

Buyers, builders and sellers take a step back as inflation persists . On the heels of heightened mortgage rates and persistent inflation, buyers, builders and sellers have taken a step back to consider their best course of action. Sellers are responding to the shift in the market and pulling back on listing activity, resulting in a 9.8%

Mortgage 435

Mortgage Sellers Buyers New Listings 435

Housing Wire

JANUARY 19, 2024

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. In the CNBC interview, I stressed that we do have one positive on the inventory side of things: we are seeing new listings data growth.

Housing Market 493

Housing Market Inventory Contracts Marketing 493

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.

Inventory 482

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. This is the reality of our world: total active listings are still near all-time lows and demand so far has been stable since Nov. Now if we get a few sales prints above 4.6

Inventory 531

Inventory Housing Market Marketing New Listings 531

Housing Wire

FEBRUARY 8, 2024

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. In comparison, Chicago has 1,545 listings. While there is no doubt it is a seller’s market in Peoria, Van Cleve said many potential sellers are hesitant to list.

Inventory 468

Inventory Agents Housing Market Luxury Properties 468

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

JANUARY 5, 2023

I have been forecasting since 2010 and I’ve only predicted price declines for 2011 and 2012. However, weeks after that call, the new listing data started to decline noticeably, which makes that call much harder to happen in 2023. The higher the rate from this level, the more significant hit to affordability we will see.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Lamacchia Realty

JANUARY 25, 2024

2023 produced the lowest number of home sales since 2005 with the exception of 2011. There were 71,149 homes listed on the market compared to 2022, which had 87,536. Sellers are sitting on their hands because although they may want to move, they’re hesitating to do so because they don’t want to trade in their pandemic-era rates.

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. 2023 Sees the Lowest Number of Homes Listed in Twenty-Three Years In 2023, there was a notable 19.5%

Inventory 62

Inventory Sellers Buyers Real Estate 62

Lamacchia Realty

JANUARY 25, 2024

Sales in New Hampshire declined by 18.9% The drop in nearly 4,000 closings wasn’t just because buyers weren’t buying; they would, but many couldn’t because sellers weren’t selling. 2023 Sees the Lowest Number of Homes Listed in Twenty-Three Years Listings in 2023 experienced a substantial 15.1% Sales Decline by 18.9%

Inventory 55

Inventory Sellers Buyers Contracts 55

Lamacchia Realty

JANUARY 30, 2024

The more difficult it is to sell a condo, the longer the property will sit on the market, and eventually sellers will have to lower the list price to appeal to more buyers. 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

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. Compare that to 2009 to 2011, when this data line ran at 250,000 to 400,000 per week.

Mortgage 497

Mortgage Inventory New Listings Sellers 497

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

SEPTEMBER 8, 2021

Here’s a negotiating tactic that you may not have thought of: Sellers who “spy” on buyers when they are visiting the home. About three in every 10 sellers say they have used a camera on the property during an open house or showing at their home, according to a study of more than 2,000 consumers from LendingTree. . >> Buyers secured 3.8

Construction 36

Construction Inventory Buyers Real Estate 36

Housing Wire

DECEMBER 6, 2021

When Gogo Bethke began her career in real estate back in 2011, the Romanian immigrant felt like social media was her only option to generate leads and close deals. “I Instead, the Michigan-based eXp agent created her Facebook business page shortly after passing her licensing exam in 2011 and named it “Gogo’s Real Estate.”. “I

Agents 418

Agents Real Estate Business Realtors 418

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. New listings are up 6.3% Condo sales are in a similar boat, with new listings higher – by 4.3% in Q2, down from 6.8% OCTOBER HOUSING UPDATE. 1 vs. Sept. Median condo prices were up 1.9%

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

MAY 13, 2024

SETTLEMENT FOLLOW-UP A judge has preliminarily approved the $418M antitrust class-action settlement involving sellers’ compensation to brokers/agents in residential real estate sales. News of the settlement and its impact topped last month’s newsletter. Details still need to be ironed out, but U.S.

HOA 36

HOA Transportation Construction Buyers 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. While the number of new listings in June jumped 8.2% The fresh data show a clear slowing of the housing market.

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 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. on a just-shy half-acre in the Mt.

Architecture 36

Architecture Design Buyers Construction 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

Housing Wire

NOVEMBER 2, 2024

New listings data had a slight increase this week from 60,066 to 60,819. However, for 2024, we’ve seen inventory growth and no new listings data from stressed sellers. Inventory fell from 736,014 to 735,718. The positive story for 2024 os far is that inventory has grown.

Inventory 516

Inventory New Listings Mortgage Contracts 516