Albany region home sales (and prices) are expected to grow in 2023
Albany region home sales (and prices) are expected to grow in 2023
Albany is among the top markets for projected home sale growth in 2023, according to a Realtor.com forecast.
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The median sale price continues to climb.
The median sale price continues to climb.
The limited number of homes for sale is driving sales prices up even higher, according to data from the Greater Capital Association of Realtors.
The limited number of homes for sale is driving sales prices up even higher, according to data from the Greater Capital Association of Realtors.
The NWMLS just published their June stats, so let's take a look at how the month shook out for the housing market. The King County median price of single-family homes was down year-over-year again in June, the fourth month in a row of declines. Inventory was up from a year ago again, but the as we mentioned in the preview post earlier this morning, the rate of increase is rapidly declining from the all-time high set in December. Closed sales were down a bit from a year earlier, while pending sal...
The NWMLS just published their June stats, so let's take a look at how the month shook out for the housing market. The King County median price of single-family homes was down year-over-year again in June, the fourth month in a row of declines. Inventory was up from a year ago again, but the as we mentioned in the preview post earlier this morning, the rate of increase is rapidly declining from the all-time high set in December. Closed sales were down a bit from a year earlier, while pending sal...
Fannie Mae economists lowered their forecast of existing home sales from 5.02 million in 2022 to 3.93 million in 2023.
The post Home sales are going to nosedive in 2023, Fannie Mae says appeared first on HousingWire.
Fannie Mae economists lowered their forecast of existing home sales from 5.02 million in 2022 to 3.93 million in 2023.
The post Home sales are going to nosedive in 2023, Fannie Mae says appeared first on HousingWire.
If no other homes were listed for sale, all of the existing inventory would be gone in less than two months, according to the Greater Capital Association of Realtors.
If no other homes were listed for sale, all of the existing inventory would be gone in less than two months, according to the Greater Capital Association of Realtors.
Sales of existing homes in May dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units, according to the National Association of Realtors. Sales were 8.6% lower than in May 2021. April's sales were revised slightly lower as well. This is the weakest reading since June 2020, which was during the early months of the Covid pandemic. Adjusting for that, it is the lowest since January 2020. This reading is based on closings during the month, therefore representing contracts likely...
Sales of existing homes in May dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units, according to the National Association of Realtors. Sales were 8.6% lower than in May 2021. April's sales were revised slightly lower as well. This is the weakest reading since June 2020, which was during the early months of the Covid pandemic. Adjusting for that, it is the lowest since January 2020. This reading is based on closings during the month, therefore representing contracts likely...
January market stats were published by the NWMLS yesterday. The King County median price of single-family homes fell year-over-year for the first time since March of 2012. Inventory is way up from a year ago, but pending sales started increasing year-over-year, so buyers may be coming back.
The post NWMLS: Home prices are falling and inventory is soaring, but pending sales are bouncing back appeared first on Seattle Bubble.
January market stats were published by the NWMLS yesterday. The King County median price of single-family homes fell year-over-year for the first time since March of 2012. Inventory is way up from a year ago, but pending sales started increasing year-over-year, so buyers may be coming back.
The post NWMLS: Home prices are falling and inventory is soaring, but pending sales are bouncing back appeared first on Seattle Bubble.
When Will Housing Prices Drop in 2023? Will house prices go down in 2022 or 2023? Depending on who you ask, the forecast for 2023 is mixed. Experts in the housing industry predict fewer buyer demand and lower prices, along with higher borrowing rates. Rate increases, along with a shortage of availability, have pushed many purchasers to the sidelines. Home prices may fall slightly, but not drastically as they did in 2008. Some believe that the housing market will continue to outperform compared t...
When Will Housing Prices Drop in 2023? Will house prices go down in 2022 or 2023? Depending on who you ask, the forecast for 2023 is mixed. Experts in the housing industry predict fewer buyer demand and lower prices, along with higher borrowing rates. Rate increases, along with a shortage of availability, have pushed many purchasers to the sidelines. Home prices may fall slightly, but not drastically as they did in 2008. Some believe that the housing market will continue to outperform compared t...
More homebuyers are applying for adjustable-rate mortgages, a key driver of the Great Recession. Is this a sign of the next housing crash?
The post Up in ARMs: As Home Prices Grow, Risky Adjustable-Rate Mortgages Are Making a Comeback appeared first on Real Estate News & Insights | realtor.com®.
More homebuyers are applying for adjustable-rate mortgages, a key driver of the Great Recession. Is this a sign of the next housing crash?
The post Up in ARMs: As Home Prices Grow, Risky Adjustable-Rate Mortgages Are Making a Comeback appeared first on Real Estate News & Insights | realtor.com®.
The national outlook on the residential real estate sector is softening.
The national outlook on the residential real estate sector is softening.