Will Springer Realtor

AUGUST 15, 2023

Variations between the two years are stark, to say the least: A “re-evaluation” for future buyers can be defined as consumers determining when to jump (or jump back) into the home-search pool as mortgage rates appear stuck around 7.0%. Mortgage rates are high, home prices are high, there’s no inventory.” The county saw a 4.9%

Sellers 61

Sellers Buyers New Listings Inventory 61

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% Another sign of the times: fewer mortgage applications. While there were 5.8% There are 7.4%

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

JUNE 11, 2024

Mortgage rates have persistently hovered around 7%, taking their toll on the market. The single-family-home category – which includes townhomes – shows a 25% climb in new listings (3198) from April and a 33% rise year-on-year (YoY), and many of those homes remain on the market. across the county (2743). in Pierce ($389,950).

Buyers 61

Buyers Inventory Finance Housing Market 61

Will Springer Realtor

JULY 13, 2023

Moody’s Investors Service noted that banks hold approximately half of the $6T in commercial real estate debt, with the largest share maturing within the next three years, according to Reuters. We certainly see that in all forms of residential real estate – from new construction to finding items for the home.

Construction 36

Construction Supply Chain Real Estate Development 36

Listing Spark

FEBRUARY 7, 2024

National mortgage originations closed the year at less than $1.5 5) New construction in Texas surged in 2023 Three major Texas metro areas made the top 10 list of highest new home construction rates in the nation. Investors should find better market conditions and more opportunities for deals.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. 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. How can we forecast years out?

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

MAY 13, 2024

Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. An annual survey released this month by the Federal Reserve Bank of New York said renters put the probability of ever owning a home at 40%, down from 44% last year.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

MARCH 14, 2023

However, many potential buyers appeared to be in a wait-and-see mode amid a backdrop of rising mortgage rates that usually spell affordability challenges. Notably, there are 185% more listings available today across the Eastside of the county compared with February 2022. With rates surging today – to near 7.0%

Marketing 36

Marketing Buyers Inventory Sellers 36

Will Springer Realtor

JUNE 13, 2023

Home prices and mortgage rates. That changed in March 2022 when mortgage rates started their steady climb into the 4s, then into the 5s in May and 6s by September. Supply of resale housing (as opposed to new construction) is shrinking across our region. In March, 33% of homes listed for sale in the U.S.

Buyers 36

Buyers Inventory Construction Finance 36

Will Springer Realtor

APRIL 11, 2023

Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.”  Pending sales are one of our favorite housing market data points – along with the number of mortgage applications and new listings – to track buyer intent and market intensity.

Housing Market 36

Housing Market Marketing Buyers Sellers 36

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. When you raise [mortgage] rates to the point they’re at today, it breaks the back of housing.”.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

APRIL 8, 2021

The boost in equity was helped most simply by saving more while in “pandemic hibernation” and from many homeowners refinancing mortgages amid generationally low interest rates. >> million new homes as of the start of this year. of all mortgages in the country. of those paying mortgages, are not caught up, as of February.

Inventory 36

Inventory New Listings HOA Buyers 36

Will Springer Realtor

JUNE 9, 2021

Adjustable-rate mortgages were cheap and easy to acquire, home prices were artificially inflated and supply plentiful. The Federal Reserve is supporting the purchase of mortgage-backed securities as well as helping to sustain low interest rates for mortgages. Then the housing bubble burst. range won’t last forever.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

JULY 9, 2021

Hispanic households fare better with 32% of this segment being able to afford the mid-priced new home. Among non-Hispanic white households, 44% have sufficient income to qualify for a mortgage using standard underwriting criteria. of all mortgaged properties, were in negative equity. >> A whopping 3.8

Buyers 36

Buyers Development Transportation Inventory 36