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It also boasts a strong labor market, adding 28,500 jobs in November 2023 compared to November 2022, according to data released by the Bureau of Labor Statistics (BLS). Lyons is optimistic about 2024, especially if mortgage rates keep declining and newlistings keep hitting the market.
While home prices have started to inch down, more inventory is needed for a balanced housingmarket, the Federal Reserve Beige Book said. Housingmarkets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.
housingmarket went into recession in June of this year, which I talked about a few months ago on CNBC. New and existing home sales are falling, along with housing permits and starts, as we have too many new homes for the builders to issue new permits. did not go into a recession at the start of 2022.
For buyers, you may want to link to newlistings that fit their must-haves. RISMedia.com Real estate reports, current industry news, real estate tech, and agent tips and advice. Graphics and statistics NAR.com Detailed market insights, research, and statistics from the real estate industry, legal news, marketing tips, and tools.
Here’s how topsy-turvy our housingmarket has been this past year-plus. Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. The market may go into a brief lull – as it does during this quarter and into early next year. OCTOBER HOUSING UPDATE.
today – may hold the keys (literally and figuratively) to the housing conundrum. Baby Boomers still have a significant impact on various aspects of society, including the housingmarket, healthcare and the economy. With the settlement, a wave of newlistings hit the market in the past several weeks.
ADUs also help local economies by providing housing to people on the lower-to-middle economic scale to live within typically pricy urban areas that are closer to job centers and greater public transportation options. cities to determine the fastest-rising housingmarkets and two in our area ranked in the Top 25.
years, according to recent data, when it was only about five years just before the housingmarket crash of 2007. Except for the pandemic year of 2020, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. What might we see in local real estate?
topped the list. SEPTEMBER HOUSING UPDATE 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 number of sales rose 1.7%
Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housingmarket, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.
I wrote in this newsletter 12 months ago about the bumpy – maybe even bruising – housingmarket of 2022 across Puget Sound and most of the country. Ready to complete another year, the residential real estate market has not improved – some might say it got a little worse. To a happy 2024! =
Create options for multiple modes of transport – bikes, cars and transit should all be factored in. David Goldberg, chair of the Land Use & Transportation Committee of the Seattle Planning Commission, is helping to lead the city’s own 15-minute neighborhood. JULY HOUSING UPDATE. On to newlistings, and we start far away.
The most interesting developments came within the single-family-home category: The number of newlistings in August fell 7.5% in one month, to 2242 homes, according to data from the Northwest Multiple Listing Service – signaling the start of a seasonal slowdown. The fun occurs at Bold Hat Productions (3503 Phinney Ave.
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