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Housing Market Tracker: Inventory drops by 11,000

Housing Wire

Weekly inventory fell much more than the previous two weeks, down 11,021; new listing growth had its lowest weekly calendar print for this previous week. The new listing data had its lowest weekly print ever, down slightly from last year but more noticeably from what we traditionally saw in the previous decade.

Inventory 513
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The standoff between homebuyers and sellers

Housing Wire

In fact, at a 2019 conference, I was so happy about this that I labeled the chart below as Great News ! Mortgage rates went up to 5% in 2018 , cooling down the housing market but nothing too dramatic for the existing home sales market. In 2018-2019 the affordability metrics weren’t as bad as people thought.

Sellers 514
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Why are home prices rising with higher mortgage rates?

Housing Wire

When you ask the housing crash addicts why their home-price forecasts don’t work, they usually say we should adjust home prices to inflation, gold prices, or some other silly historical reference that doesn’t apply to modern-day economics. In 2010, when the new listings data was exploding, over 23% of homes in America were underwater.

Mortgage 497
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Will Springer Realtor - Untitled Article

Will Springer Realtor

The number of new listings of all home types (single-family, townhome and condo) in King County climbed 6.4% (1866 units) from January to February, as expected, and total inventory at the start of March (2064) was 111% higher than a year ago. 1-story, mid-century modern home with basement. It’s a 4-bed, 4.75-bath bath , 3880 sq.

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Signs of Inflation Expand Well Beyond Housing Prices

Will Springer Realtor

The image was taken from a drone above The Parc, a condo in Belltown, where I am promoting one of my new listings. It’s impossible to beef up inventory when there is a 61% increase in new listings on the Eastside, as was tabulated in March, and a 63% rise in Pending sales from the previous month. MARCH HOUSING UPDATE.

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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

An independent estimate from 2018 claims roughly 40% of the nation is in a flood-risk area. The market recalibration continues across King County with a sharp drop in new listings, Pending sales and closings while prices decline. The number of new homes for sale fell 19% (4009) across the county from June to July and 9.5%

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Well, thats starting to feel a lot like modern home design. The rate of homes hitting the market was also about one-third stronger than in January 2024 and, at 2533 new listings, it is the most of any January in four years. It has been an absolute privilege to guide and support you in Seattles real estate market since 2018.