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New Listings...

Supply is going back to levels before the pandemic. It remains to be seen if the buyers show up this summer. We don't have evidence of that yet. Pending and closed sales increasing along with listings. The story has been low supply but at the same time it has been masking low demand.
 
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Arlington is now back to inventory levels before HQ2 announcement in Q4-2018.
 
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The jump in listings sent months of supply to the highest for April in the last 10 years but 2.92 months is very normal. Now if buyers don't show up this summer then we can see this continuing to move higher.

That is the big question this summer. If the buyers show up to absorb the additional supply. We don't have evidence of that yet.
 
Digger88 said:
I put a listing up Sunday morning last week and got an over list offer 2 days later in northern VA
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jfc people are so dumb. a friend of mine excitedly told me she found a house and is putting a contract on it. were close btw... she overheard a friend of hers saying they are selling their house off MLS so she made an offer. with her ex-husband's agent writing the contract on a 575k fsbo with 2.5% commish from the sellers and she's paying a $495 processing fee. I started sending her listings March 25th and built her son his first gaming pc a month ago as well. and went to her kid's birthday party and and and... :mad:
 
Listings are up all over the country. People trying to cash out on those waiver inflated values. I don’t blame them.
 
glenn walker said:
Funny my portfolio's up in the market's and only had a week of some minor declines. Lol
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Ugly flashback to the phone call I got at work from a stock broker, in the Spring of 2001. Still remember when he asked "You ever heard of a 'margin call'"? Fifteen years of my payroll deductions into a 401K that I transferred into a self-directed alternative to mutual funds....90% of everything lost in two months when that damn Allen Abelson burst the dotcom bubble and the tulips wilted...
 
chad hampton said:
Listings are up all over the country. People trying to cash out on those waiver inflated values. I don’t blame them.
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Your comment is very succient and easy to understand....but would you be so kind as to elaborate ;just a bit please...e.g., were wavers actually inflated, and if so why? Does a waiver typically require a "holding period" that prevents a buyer to refrain from selling for xxxx months/years into the future? What is the typical borrower status that warrants a waver rather than an appraisal? Are default rates of waver- versus full-blown appraisal-based loans tracked? ect., etc.? [Sorry if my questions are too generic]
 
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