Housing Wire

FEBRUARY 3, 2025

Inventory of unsold homes on the market ticked down fractionally this week. Its not uncommon for January to have a little up and down in the inventory numbers. If inventory were jumping each week, that would be notable, but its not. At this time, of year theres new inventory and new buyers are shopping.

Sellers 413

Sellers Inventory New Listings Contracts 413

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. After the last few weeks , we can put that fear aside: we are finally getting the seasonal increase in active listing.

Inventory 525

Inventory Housing Market Marketing New Listings 525

Housing Wire

JUNE 4, 2023

Last week we saw a noticeable slowdown in housing inventory growth that I hope has more to do with a holiday week than a trend. Here’s a quick rundown of the last week: Active inventory grew 3,180 weekly , and new listing data fell week to week and is still trending at an all-time low in 2023.

Inventory 468

Inventory Housing Market Marketing New Listings 468

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. New data from the U.S. When inventory bounces back The extremes of the 2020s have dealt big blows to for-sale inventories.

Inventory 459

Inventory Sellers Mortgage Marketing 459

Housing Wire

FEBRUARY 17, 2024

Weekly housing inventory data The best part of 2024 for me is watching housing inventory grow year-over-year. We should see the seasonal bottom soon and then the traditional increase in active inventory to match the growth in new listings data. Here is a look at last week: Weekly inventory change (Feb.

Mortgage 536

Mortgage Inventory New Listings Housing Market 536

Housing Wire

SEPTEMBER 30, 2023

Weekly housing inventory data One of the things I got wrong this year is that I believed if mortgage rates stayed higher for longer, active inventory would grow between 11,000 and 17,000 for at least some of the weeks; that hasn’t happened recently with higher rates — close but no cigar. Last year, the seasonal peak was Oct.

Mortgage 521

Mortgage Inventory New Listings Government 521

Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. The reason for the slowdown stems from a problem that continues to persist: a lack of inventory. trillion from the $4.36

Supply Chain 448

Supply Chain Inventory Government New Listings 448

Housing Wire

MARCH 12, 2023

We had a 21st-century bank run on Silicon Valley Bank and then the federal government took action over the weekend to stop the contagion. Weekly inventory fell by 6201 , and new listing data is down noticeably from last year, which was different than last week. Last week was wild, and not just for the housing market.

Housing Market 370

Housing Market Mortgage Marketing Inventory 370

Housing Wire

APRIL 26, 2023

Borrowers’ demand increased for conventional and government loans, up 4.50% and 1.20% from one week earlier, respectively. Both conventional and government home purchase applications increased last week. Altos Research data shows that inventory rose from 405,468 to 414,010 from April 14 to 21. Mortgage apps also rose 4.7%

Mortgage 418

Mortgage Loan Officers New Listings Government 418

Housing Wire

MARCH 19, 2023

Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Weekly inventory increased by 1,734. New listing data collapsed, but we are putting an asterisk on that data line for this week.

Housing Market 397

Housing Market Marketing Inventory New Listings 397

Housing Wire

FEBRUARY 13, 2025

Nationwide housing inventory showed a glimmer of recovery toward the end of 2024. But these new listings aren’t attracting buyers, and pending home sales dropped 4.2% But new listings are heading in the opposite direction, according to Altos Research data. month over month in January.

Buyers 315

Buyers Government New Listings Inventory 315

Appraisal Buzz

MARCH 3, 2025

If these trends continue for the next few months, we could see a market that is entering into more balanced terrain, with rising inventory and a potential future slowdown in price growth. While the market does not look like it did before the pandemic, we are moving away from the ultrahigh demand, low inventory period we saw in 2021 and 2022.

Sellers 368

Sellers Marketing New Listings Inventory 368

Housing Wire

OCTOBER 10, 2024

We already had very thin inventory and some of our deals are dead because houses have been ruined. There are no appraisal substitutes with government loans either. New listings and pending home sales data from Altos Research captured the housing markets around Asheville coming to a screeching halt.

Agents 434

Agents Insurance Housing Market New Listings 434

Housing Wire

SEPTEMBER 12, 2023

The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. So, the author tried to use new construction prices from back in April to describe the whole U.S. There are no signs of any surge in listings, and as a result we’ve seen a floor on home prices.

Contracts 435

Contracts Inventory Housing Market Buyers 435

Appraisal Buzz

APRIL 8, 2025

New listings increased by 2.8% New listings decreased by 4.7% New listings are -21.1% Total inventory (the number of listings active at any time during the month) in February increased by 1.4% of listings in February had a price cut. Inventory: Up 42% from pre-pandemic levels, and up 11.4%

Sellers 150

Sellers Buyers Home Value Inventory 150

Housing Wire

OCTOBER 23, 2024

To get a real price crash, we would need to see a surge of housing inventory and distressed sellers. 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. Using the NAR data, the normal amount of active inventory since 1982 has been between 2 and 2.5

Mortgage 497

Mortgage Inventory New Listings Sellers 497

Will Springer Realtor

FEBRUARY 13, 2024

The number of newly listed homes more than doubled from December and increased moderately compared with the same time last year, according to data from the Northwest Multiple Listing Service (MLS). Total inventory remains low, however, keeping prices higher on an annual basis. months’ inventory, up from 1.4 King had 1.8

New Listings 55

New Listings Buyers Inventory Lending 55

Will Springer Realtor

AUGUST 15, 2023

Mortgage rates are high, home prices are high, there’s no inventory.” The season has been shaped by slumping new listings, 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).

Sellers 61

Sellers Buyers New Listings Inventory 61

Will Springer Realtor

MARCH 12, 2024

The picture was somewhat similar for single-family homes as a stand-alone category, with new listings up 38% (1845) and sales 41% (1064) stronger month-to-month, but the YoY numbers were more telling, up 31% and down 4.2%, respectively. Months of inventory continue to be a burden on all buyers. Inventory is at 1.3

Buyers 58

Buyers Construction Sellers Inventory 58

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. Depleted inventory and weaker sales volumes make for difficult forecasting.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

APRIL 8, 2021

To help increase affordable housing inventory, lawmakers are reviewing whether to remove requirements that homeowners must live on-site. If enacted, city and county governments could still maintain owner-occupancy requirements on lots containing an ADU but also provide for exemptions, such as age, illness, financial hardship or disability.

Inventory 36

Inventory New Listings HOA Buyers 36

Will Springer Realtor

NOVEMBER 14, 2023

Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines. New listings for all home types in King County stood at 2157, a whopping 25% drop from September to October. Single-family inventory narrowed to 1.7

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

AUGUST 9, 2022

Many local governments permit at least one dwelling unit with the main residence and some locales accept an attached and detached unit on the same property. The cities of Seattle and Renton offer pre-approved ADU designs to help streamline the government-approval process which can often be onerous. I have written on this topic before.

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

FEBRUARY 9, 2022

People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. Inventory remains a big concern. months of single-family-home inventory in King County and on the Eastside, and 0.5 months (6 days) of single-family inventory. months (6 days) of single-family inventory.

Buyers 36

Buyers Inventory Law Development 36

Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

MAY 12, 2021

>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. Compare that to the end-April total of 4551 Active listings for the two counties, as well as 0.6

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

MAY 9, 2022

Let’s just hope government leaders and other influencers remember to bring everyone along for the ride. That includes 621 fewer Pending contracts in April 2022 than the previous April, as the net number of new listings remains on average lower than in years past. Inventories rose in the past month across the county (0.8

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

FEBRUARY 9, 2024

Three housing-related topics are of prime focus: Lot Splitting – a process that would allow property owners to split part of their lot of land to have a new buildable area of at least 2000 sq. Total inventory remains low, however, keeping prices higher on an annual basis. Contact me for more information. It’s a 3-bedroom, 1.75-bathroom

Development 36

Development Design Housing Market Real Estate 36

Will Springer Realtor

MAY 9, 2023

Forget investing in a new home, you might want to look at kitchen and bath suppliers and remodelers as wise investments! THIS LAND IS YOUR LAND Local governments across our state (including North Seattle looking south, pictured) are undergoing a massive review of their land-use regulations in something called a Comprehensive Plan.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

McKissock

MARCH 19, 2021

A record-breaking 36% of homes sold above list price in February, due to historic homebuyer competition. Housing is expected to remain resilient despite low inventory, with accelerated U.S. However, the government agency is now pushing that back to at least April 30, 2021.” economic growth predicted this spring.

Housing Market 90

Housing Market Appraisal Marketing New Listings 90

Will Springer Realtor

AUGUST 9, 2021

The report also noted 3% of Seattle listings are at or above $3M and 1% are above $5M in the city, which had a median home price of $857,000 at the time of the survey. >> Some highlights from the Northwest Multiple Listing Service (through July): The combined number of condo, townhome and single-family homes on the market as of Aug.

Construction 36

Construction Inventory Property Taxes Development 36

Will Springer Realtor

DECEMBER 12, 2023

Inventory continues to shrink to levels not seen since the days of disco, shag carpets and pet rocks. Amid unusually low inventory and an anticipated growing buyer pool, the median price of a single-family home will climb beyond $1M in Seattle’s summer months. Oregon turned down $37M from the federal government, AP reported.

Real Estate 36

Real Estate Buyers Housing Market Law 36

Housing Wire

MARCH 22, 2025

Weekly housing inventory data Spring is here, and with it comes the promise of renewed active listings it’s time for our annual inventory boost! The most uplifting aspect of the housing market in 2024 has been observing the active inventory make strides toward a more balanced level.

Mortgage 495

Mortgage New Listings Inventory Housing Market 495

Housing Wire

FEBRUARY 18, 2025

The internet this week is overflowing with people who have a single screenshot from Zillow and declared that, with all the government cuts, suddenly the Washington, D.C. Inventory is still very tight in the D.C. New listings are barely above the pandemic lows. In general, higher rates creates higher inventory.

Inventory 448

Inventory New Listings Housing Market Sellers 448

Housing Wire

FEBRUARY 19, 2025

A viral Instagram post this week claims that a wave of new inventory is hitting the Washington, D.C., Many observers attributed the increased inventory to the recent layoffs pushed by the Elon Musk-led “Department of Government Efficiency” (DOGE). Among the key counties in the D.C.

Housing Market 383

Housing Market Marketing Inventory Government 383

Housing Wire

MARCH 1, 2025

Part of the policy plan to get us there is firing government workers , reducing government spending and expanding oil production to fight inflation. Let’s not forget that the Trump administration has just begun firing many people who work for the government and are looking to spend less than the previous few years.

Mortgage 514

Mortgage Inventory New Listings Housing Market 514

Housing Wire

MARCH 29, 2025

Weekly pending contracts for the last week over the past several years: 2025: 357,799 2024: 367,520 2023: 335,017 Weekly housing inventory data Spring has arrived, ushering the traditional increase in active listings a timely opportunity for our annual inventory boost. Last week marked another positive development in inventory.

Mortgage 511

Mortgage Inventory New Listings Housing Market 511