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Altos considers anything above 30 to be indicative of a sellers market. I am super busy right now, said Charissa Kennard , an agent for Berkshire Hathaway HomeServices Verani Realty.There is a lot of inventory right now, which is good because there are a lot more options for clients right now.
Today it’s dominated by baby boomers who make up 39% of all homebuyers and 52% of all home sellers. The massive age wave is cresting over the next three years, and by 2030 all boomers will have turned 65. Known as “Peak 65”, in 2024 more than 12,000 people per day will turn 65.
In other words, the multifamily deliveries will likely relieve pressure in the form of rents and help with overall supply, but the inventory deliveries likely won’t do much for the sales market. The few existing homeowner sellers aren’t incentivized to negotiate much, and there’s no reason to think they will for a long while.
The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. Inventory was little changed from July to August. months’ inventory, down from 1.5 Single-family-home inventory was unchanged at 1.4 It remained at 1.5
Forecasts suggest the city will grow to roughly 165,000 people by 2030. of office space, or 23% of total inventory, was available across the entire Eastside of King County, Broderick Group reported. the amount sellers agree to compensate buyer brokers will continue to appear on Northwest Multiple Listing Service listings.
This year’s buying and selling campaign will be marked by increasing inventory (good!), The thought that early spring would produce more, longer-lasting inventory has yet to materialize. Inventories for condos were little changed from month to month, standing at 0.6 overall, where housing inventory rose 2.4%
MetLife estimate s institutional investors alone – owners of at least 10 properties – will have more than 40% of all single-family homes by 2030. Owners for more than three-quarters of the 48-story inventory of homes are preparing to sign closing papers and move in soon after. Inventory on this four-year-old building is drying up.
ANTHONY LAMACCHIA'S 2025 REAL ESTATE MARKET PREDICTIONS Anthony is obsessed with tracking the data and in this article written at the end of 2024 he explains how the market is shaping up based on trends and what Buyers and Sellers can expect in 2025. As rates lower and housing inventory increases, we expect sales to rise.
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