Housing Wire

DECEMBER 7, 2022

Now, with five weeks of data in front of us, we can say they have stabilized the market. One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual. Traditionally, when mortgage rates rise post-2012, home sales trend below 5 million.

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Housing Wire

NOVEMBER 9, 2022

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Understanding this data line and what it is trying to tell you will be more valuable than erroneously thinking the market is crashing and we’ll see a wave of foreclosures.

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Housing Wire

JULY 16, 2021

from May to June, the largest drop at this time of year on record since at least 2012, according to a new Redfin study released this week. “In June we entered a new phase of the housing market,” Fairweather said. Finally, new listings fell from a year ago in 15 of the 85 largest metro areas.

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Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. Once that happens, I can finally take the savagely unhealthy housing market theme off my talking points. What does this mean? million to 1.93

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Inventory New Listings Housing Market Sellers 526

Housing Wire

SEPTEMBER 13, 2022

Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter. It wasn’t the rate move that caught my attention — it was the new listing data. As you can see below, that sharp move to 6.25% caused new listing data to stall at first.

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Mortgage Inventory New Listings Sellers 525

Housing Wire

NOVEMBER 15, 2024

The credit markets were toxic back then, featuring loans with big recast payments which meant that you could have two people working full-time and still be at a credit risk. As you can see in the chart below, the credit markets broke in 2005, 2006, 2007 and 2008, and then the job-loss recession of 2008 started, which made things much worse.

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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. From the index : I know it seems strange, but existing home sales are falling, and the monthly supply of new homes is at 10.9 crash, especially from 2012-2019.

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Housing Wire

MAY 8, 2024

On top of more legitimate buyers, we fixed the credit markets, meaning housing credit looks fantastic. A perfect example is that the last few years, new listings have been trending between 30,000 and 90,000 per week. Contrast that to the time from 2008 to 2012 when this data line trended at 250,000 to 400,000 per week.

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Inventory Law New Listings Sellers 518

Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun.

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Inventory New Listings Housing Market Sellers 531

Housing Wire

JULY 21, 2021

above its asking price, that means it was listed for $301,872, said Daryl Fairweather, Redfin’s chief economist. That’s quite the contrast from back in 2012, when Redfin reported that condos were selling for more than 4% below asking price. If a condo sold for 0.7% year over year, and pending sales were up 38.2%

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Buyers New Listings Contracts Marketing 459

Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., In total, 39 of the 50 largest markets saw home prices increase on an adjusted basis in February. put more pressure on home prices.

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Inventory New Listings Housing Market Mortgage 418

Appraisal Buzz

OCTOBER 11, 2024

That’s the lowest level in records dating back to 2012, with the exception of May 2020, when the pandemic brought the housing market to a standstill. Pending sales—a more current gauge of housing market activity that includes both existing and newly constructed homes—fell to the lowest level on record aside from April 2020.

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Will Springer Realtor

MAY 9, 2023

How’s the market, you ask? The typical seasonal spring in its step has been replaced by a slow shuffle as the Seattle/King County residential market tries to find its rhythm in a challenging economic environment. Falling new inventory is constraining transaction volumes while also supporting higher home prices.

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Boston Appraisal

JULY 22, 2019

The housing market across the country, and especially in Boston and New England, is experiencing a growth trend that’s accelerated over the last few years. With this apprehension in mind, we’ll discuss some of the things to expect from the housing market in the second half of 2019, going into 2020.

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Marketing Housing Market Real Estate Inventory 78

Boston Appraisal

JULY 22, 2019

The housing market across the country, and especially in Boston and New England, is experiencing a growth trend that’s accelerated over the last few years. With this apprehension in mind, we’ll discuss some of the things to expect from the housing market in the second half of 2019, going into 2020.

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Marketing Housing Market Real Estate Inventory 78

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. Some want me to summarize the market data and give concise guidance on market values.

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Will Springer Realtor

AUGUST 15, 2023

The market has, ahem , evolved in the four years since. After a pandemic-induced free-for-all, where newly listed homes could be off the market in hours and prices soared into a stratosphere more recognizable by the Blue Angels, we are now “enjoying” a period of rest and re-evaluation in summer 2023. The Eastside saw a 3.5%

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Sellers Buyers New Listings Inventory 61

Will Springer Realtor

JANUARY 10, 2023

This marks the introduction of a new feature. Each month, this blog will publish a fresh assessment of the King County area housing market. The article will include the latest monthly data from the Northwest Multiple Listing Service, analysis from national and local experts and a glimpse ahead at what to expect in the coming weeks.

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Will Springer Realtor

MARCH 14, 2023

The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers. decline over the 12 months ending March 2012.

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Marketing Buyers Inventory Sellers 36

Lamacchia Realty

JANUARY 25, 2024

The reduction in sales in 2022 was not surprising but rather a relief, considering the unsustainable frenzy of the 2021 market. The slower market activity in the following year reflects a move towards equilibrium. This has led to the lowest number of new listings since 2010. Will the 2024 Real Estate Market Improve?

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Housing Wire

OCTOBER 23, 2024

This is not a new idea — I’ve been dealing with people predicting a housing crash since 2012. As you will see below, inventory is growing, but it’s been a calm, healthy rise in 2024, not a flood of houses coming onto the market. million for active inventory, the housing market is balanced. million in September.

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Mortgage Inventory New Listings Sellers 497

Housing Wire

MARCH 18, 2021

As proof of the impact of the country’s low inventory and high cost of building materials , new listings fell 16% – the second-largest decline on record since Redfin’s data began in 2012, only passed by the drop in April 2020. Non-QM: New Market + New Rules = New Opportunities.

Buyers 545

Buyers Sellers Inventory New Listings 545

Will Springer Realtor

AUGUST 11, 2023

“The share of first-time buyers has dropped to a 41-year low [26%], the racial divide in homeownership has grown to the widest point in a decade and the share of single women entering [the market] has declined.” New York City saw the most development over the past decade, with 98% of its 242K permits comprised of multi-family units.

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Will Springer Realtor

FEBRUARY 9, 2022

However, supply remains near historically tight levels and home prices remain high, keeping the market competitive.”. market in the last decade, reported FilterBuy.com. Seven Washington towns and cities – from Kennewick (22.8%) to Bremerton (19.0%) – were among the top 20 smaller markets across the U.S. Vancouver, Wash.

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Buyers Law Inventory Development 36

Will Springer Realtor

MAY 12, 2021

Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.

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Real Estate Inventory Buyers Construction 36

Will Springer Realtor

AUGUST 9, 2021

Housing affordability decreased in 45 of the 50 states from 2012 to 2019. Look at the green states of Idaho, Nevada and Utah on the 2012 map; they have seen housing affordability plummet by 2019, skipping past the yellow category to brown in less than a decade. The number of new listings for all home types (4428) fell 7.8%

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Construction Inventory Property Taxes Development 36