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The housingmarket feels like leftovers right now. It’s that time of year where we see less newlistings due to sellers hibernating for the holidays, and some of the existing inventory just feels as stale as Aunt Tina’s green bean casserole that nobody wants to see during Thanksgiving.
The housingmarket is getting hot again for the spring. UPCOMING (PUBLIC) SPEAKING GIGS: 2/8/23 SAFE Credit Union “Snacks & Facts” (for RE) […] The post The housingmarket went from an ice bath to a hot shower first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright & Mike Gobbi Event 9am (on Zoom here) 02/01/24 Gateway Event (private) 2/09/24 PCAR WCR Event […] The post The spring housingmarket is waking up & random stats first appeared on Sacramento Appraisal Blog.
Sellers have been sitting out of the housingmarket, and it’s made a massive difference in 2023 so far. Today I want to show what’s happening with newlistings and talk about concessions. I hope this is useful, whether you’re local or not. Scroll by topic or digest slowly.
UPCOMING (PUBLIC) SPEAKING GIGS: 2/8/23 SAFE Credit Union “Snacks & Facts” (for RE) (register here) 3/06/23 […] The post Sellers have been sitting out of the housingmarket too first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
We all needed some rest from the crazy housingmarket we’ve experienced in recent years. Like most markets across the country, the Cleveland area housingmarket has been red hot for the past few years. How have the rapidly increasing mortgage interest rates impacted the housingmarket in Northeast Ohio?
This is a really important topic, and some of it feels a bit technical because it’s about understanding newlistings vs active listings. Anyway, let’s be on the […] The post Are we finally starting to see more listings? first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
Use snippets from your longer content (like blogs) for your newsletter and include links to direct your audience back to your website. For buyers, you may want to link to newlistings that fit their must-haves. Repurpose your blog or advice content into a short video and link to it from inside your newsletter.
I’ll explain what I mean below, and I suspect many markets around the country are experiencing a similar trend. first appeared on Sacramento Appraisal Blog. Any thoughts? UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright […] The post Are sellers finally starting to thaw out?
I also have some market recap visuals to unpack what’s been happening in 2024 so far. UPCOMING SPEAKING GIGS: 2/19/24 Matt the Mortgage Guy YouTube […] The post The challenge of pulling comps in 2024 first appeared on Sacramento Appraisal Blog.
In this blog post, we’ll discuss the various methods for choosing comparable sales, just the way an appraiser does. When pricing a newlisting, you’ll first gather all the information about the home and neighborhood. Welcome to your crash course in choosing comps.
House buying and selling? The rate of newlistings, actively listed homes and pending sales for all home types in King County fell by about a third from November, which was also a slow month for the market. The post Ho, Ho Hum: December HousingMarket Ends with a Whimper appeared first on Will Springer.
As the end of the year approaches, housingmarket predictions for 2022 abound. Fortune reviews various 2022 housing forecasts, focusing specifically on home price growth. Redfin predicts a more balanced residential market in 2022. Predictions for the top housingmarkets of 2022 may surprise you.
The chart (below) puts it in sharp focus: Except for the pandemic year of 2020 when there were 2559 newlistings that April, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. housingmarket appears to have hit its nadir. There are 1.7
Is the spring housingmarket already underway? by looking at Januarys Northwest Multiple Listing Service report. The rate of homes hitting the market was also about one-third stronger than in January 2024 and, at 2533 newlistings, it is the most of any January in four years. compared with a year ago.
Realtor.com reported that our broader market (including Bellevue and Tacoma) experienced the sharpest rise in newlistings compared with last year, up 42%. The next closest market – San Jose, Calif. – The 14% monthly rise in King County newlistings included a shocking 52% surge in Seattle (1430 units).
This should have sparked the fading embers of an otherwise chilly housingmarket in Seattle/King County in the final days of 2023. The 802 newlistings in December was a low not seen since records were archived online from 1990. Ho, ho, ho … and oh my! rise and a 6.2% gain in Pierce; they were up 3.0% in Snohomish.
It’s beautiful from corner to corner, hence why the Colorado housingmarket is always one to watch. Whether you’re moving to Colorado, selling your Colorado home , or considering a business venture in the state, it’s valuable to first understand the Colorado real estate market. Newlistings are seemingly surging.
Lead Gen As a new agent, make it a priority to pick a brokerage that is committed to helping you with marketing and exposure. When considering a brokerage, find out if it is going to promote your open houses and newlistings. You’ll want to ask how the brokerage promotes agents’ listings too.
The Seattle area housingmarket right now reads like a mystery novel with half the pages missing. The Eastside led the way with a 33% drop-off in newlistings (420) and Seattle fell 31% (586). By comparison, there were exactly 2900 newlistings across our county in November 20 years ago. higher YoY.
Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! Read on blog www.appraisaltoday.com/blog Posted by noon Friday. You can subscribe to the blog in the upper right of each blog page. Is The HousingMarket OK?
The brief and unseasonal spurt in October activity across the Seattle/King County residential real estate market ended abruptly last month. November newlistings fell by about half of the previous month’s rate while home prices saw a welcome decline. The number of newlistings tumbled 48% from October and was down 2.7%
This marks the introduction of a new feature. Each month, this blog will publish a fresh assessment of the King County area housingmarket. A patch of foul weather and persistent economic challenges chilled an already cold housingmarket. news publishers. I hope you enjoy reading this monthly report.
In 2021 , we saw houses receive multiple offers and sell for thousands of dollars over asking price within hours. Now as 2022 starts to wind down, a lot of people are trying to forecast how the housingmarket will turn out in 2023. But there is one thing for certain: technology has changed the overall industry.
That’s not saying much since the housingmarket has mostly been in hibernation during the fall/winter months. Pending sales are one of our favorite housingmarket data points – along with the number of mortgage applications and newlistings – to track buyer intent and market intensity.
The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for July 2022 compared to July 2021. Although buyer affordability is diminished, fewer buyers in the market (i.e.,
The screeching you heard in June was the sound of brakes being applied to the housingmarket across the U.S. The King County housingmarket 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. Not really sure.”.
This stopped more than 400,000 foreclosures (the typical amount) from entering the market. Here’s a graph illustrating this: Without forbearance, the housingmarket would have absorbed these foreclosed properties. Today’s market can handle a million (or more) newlistings. Bottom line?
Inflection points are important in finding those signals and since last month’s assessment of the market, we are beginning to see what appear to be important – possibly significant – upward inflection points in housingmarket data. Another positive sign: The number of newlistings surged from the previous month.
Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housingmarket. housingmarket is experiencing a price “correction,” defined as a 10% price drop from its most recent peak. OCTOBER HOUSING UPDATE. That’s the first time a Fed official has acknowledged the U.S.
The Seattle/King County housingmarket inched forward – and a little sideways – as the number of new and unsold listings continued to expand in June while fresh signs of a slowdown approached. The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4%
With all the activity we’re seeing in the current housingmarket, homeowners want to know: Is it smarter to sell my house now, or should I wait until next year? If you’re weighing your options, it may help to know that there may not be a more lucrative time to list than today. Should I sell my house now?
There is a feeling of Halloween in the real estate world because this housingmarket is a bit scary these days. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. fewer newlistings, the rate of sales rose 1.7% While there were 5.8% There are 7.4%
In the first blog of our series, we covered the basics of preparing yourself for buying your first home. In this second blog, we'll guide you through the essential steps to ensure a successful home search. List your desired amenities (e.g., backyard, garage, etc.) Prioritize your preferences to help narrow down options B.
The season has been shaped by slumping newlistings, a slowly climbing number of homes sitting on the market from previous months, fewer closed sales compared to last year and prices moving plus/minus five percentage points year-on-year (YoY). monthly decline in available Seattle listings (793). on the Eastside.
Despite a challenging financing environment, the Seattle/King County housingmarket is moving forward. Newlistings (+17%), available homes at the start of April (+5.0%) and listings going under contract – also known as Pending sales – (+24%) were solidly higher when comparing month to month. above the list price.
The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for November 2021 compared to? November 2020. ?It Miami-Dade & Palm Beach Counties. What's Ahead?
Unfortunately for buyers, a combination of the typical seasonal trend and higher borrowing costs has slowed housingmarket activity to an excruciatingly slow pace – and there are concerning signs ahead. First a look at September’s numbers: A wave of last-chance listings for the year hit the market after Labor Day.
The single-family-home category – which includes townhomes – shows a 25% climb in newlistings (3198) from April and a 33% rise year-on-year (YoY), and many of those homes remain on the market. housingmarket witnessed dramatic changes in affordability as rates for a 30-year conventional mortgage skyrocketed 327 basis points (3.27
The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for June 2022 compared to June 2021. Average price increased in both property types. South Florida Inventory.
The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for May 2022 compared to May 2021. Price Adjustments in this NewHousingMarket.
The region’s real estate scene in 2023 will be remembered for rising home prices and scant newlistings. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. Buyers and sellers tiptoed through caution. It’s going to stop getting worse.”
The Seattle/King County housingmarket appears to have come through the worst of times with a slightly stronger showing in January than in previous months. And, despite the rise in newlistings, the number of homes still on the market on Feb. fewer (1842) than on Jan. from a year ago. more versus January 2023.
And with the biggest inventory spike in nearly 3 years experienced in February, it looks like the market is starting to heat up. The housingmarket just saw its biggest inventory spike in nearly 3 years “Newlistings for homes for sale climbed 12.9% NATIONAL ASSOCIATION OF REALTORS®. All rights reserved.
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