Housing Wire

OCTOBER 28, 2022

An index of 100 is equal to the level of contract activity in 2001. The Federal Reserve has had to drastically raise interest rates to quell inflation, which has resulted in far fewer buyers and even fewer sellers.”. Only when inflation is tamed will mortgage rates retreat and boost home purchasing power for buyers.”.

Contracts 508

Contracts New Listings Realtors Housing Market 508

Housing Wire

JANUARY 3, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending-home sales in November reflect a freeze in the housing market, as buyers remain on the sideline and sellers are staying put,” Odeta Kushi, First American’s deputy chief economist, said in a statement.

Contracts 481

Contracts Housing Market Realtors Construction 481

Housing Wire

AUGUST 30, 2023

An index of 100 is equal to the level of contract activity in 2001. “Jobs are being added and, thereby, enlarging the pool of prospective home buyers. Buyers are being forced to lengthen their home search since there are so few properties available for sale,” she said.

Inventory 396

Inventory Contracts Buyers Realtors 396

Housing Wire

JULY 29, 2021

Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. An index of 100 is equal to the average level of contract activity during 2001, the first year examined. on the index in June, an 8.7% in 2022.

Marketing 433

Marketing Buyers Realtors Real Estate 433

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Looking ahead Confronted with limited existing home inventory, many buyers have pivoted to newly constructed homes. NAR’s Pending Home Sales Index (PHSI) increased to 77.3 in December, up from 71.6 in November. year over year.

Contracts 445

Contracts Housing Market Construction Inventory 445

Housing Wire

JANUARY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. “We Interested buyers are out there. “This recent low point in home sales activity is likely over,” Lawrence Yun, NAR’s chief economist, said in a statement. Despite the monthly increase, pending home sales are down 33.8% compared to December 2021.

Contracts 413

Contracts Realtors Mortgage Buyers 413

Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. The spring market will extend into summer as buyers face limited choices and are waiting for mortgage rates to come down. Year over year, pending home sales were down 22.2%, a larger decrease than the 20.3% annual drop recorded in April.

Contracts 310

Contracts Inventory Housing Market Realtors 310

Appraisal Buzz

SEPTEMBER 29, 2021

An index of 100 is equal to the level of contract activity in 2001. Rising inventory and moderating price conditions are bringing buyers back to the market,” says Lawrence Yun, NAR’s chief economist. Year-over-year, signings dipped 8.3%. Affordability, however, remains challenging as home price gains are roughly three.

Contracts 195

Contracts Realtors Inventory Buyers 195

Housing Wire

NOVEMBER 30, 2022

An index of 100 is equal to the level of contract activity in 2001. October was a difficult month for home buyers as they faced 20-year-high mortgage rates,” Lawrence Yun, NAR’s chief economist, said in a statement. Year over year, the PHSI was down 37.0%, marking the 17 th consecutive month of annual declines.

Realtors 363

Realtors Contracts Buyers Mortgage 363

Housing Wire

AUGUST 24, 2023

This week, the 30-year fixed-rate mortgage reached its highest level since 2001 and indications of ongoing economic strength will likely continue to keep upward pressure on rates in the short-term,” said Sam Khater, Freddie Mac’s chief economist. In July, 26% of existing homes sold to cash buyers while 7% of new homes sold to cash buyers.

Mortgage 364

Mortgage Property Taxes Investors Buyers 364

Housing Wire

FEBRUARY 27, 2023

Buyers responded to better affordability from falling mortgage rates in December and January,” Lawrence Yun, NAR’s chief economist, said in a statement. An index of 100 is equal to the level of contract activity in 2001. For some buyers, higher mortgage rates simply means buying a home is out of the question unless home prices fall.

Housing Market 393

Housing Market Realtors Contracts Buyers 393

Housing Wire

AUGUST 10, 2023

Another rate hike in September would move the target federal funds rate to its highest level since March 2001. While sales of existing homes have been lagging, the challenge comes mainly from too many buyers chasing not enough available properties,” said Ratiu. since May of this year, the 4.2 since May of this year, the 4.2

Mortgage 369

Mortgage Real Estate Buyers Construction 369

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Yun expects inventory levels to pick up again in 2022 and that buyers who have temporarily paused their search will return to the market in the new year. After rising 8% in August, pending home sales dropped 2.3% The index dropped to 116.7

Inventory 414

Inventory Renovations Contracts Buyers 414

Housing Wire

MARCH 31, 2021

An index of 100 is equivalent to the level of pending sales in 2001. Potential buyers may have to enlarge their geographic search areas, given the current tight market,” Yun said. “If “We need these two things in order for buyers to have more choices and more reasonable price growth. and West (96.9) respectively.

Inventory 493

Inventory Contracts Housing Market Buyers 493

Buys Brokers Only LLC

AUGUST 26, 2023

mortgage interest rate reached its highest level since 2001 for the week ending August 24, 2023, according to Freddie Mac's weekly Primary Mortgage Market Survey. The average U.S.

Buyers 55

Buyers Mortgage Marketing Real Estate 55

Housing Wire

SEPTEMBER 21, 2023

Until interest rates come down, affordability challenges will continue to put first-time buyers on the sidelines, housing industry observers said. In an elevated rate environment, the lack of inventory continues to be the biggest challenge for many potential buyers, the Mortgage Bankers Association said. in 2024, up from the 4.6%

Real Estate 368

Real Estate Mortgage Buyers Inventory 368

Housing Wire

MAY 9, 2022

Fewer buyers rushed to lock mortgages last month amid a rapid climb in long-term mortgage rates , reflecting home affordability concerns, reports from Mortgage Capital Trading and Black Knight showed. . ” MCT, founded in 2001, launched its first monthly mortgage lock volume report on Monday.

Mortgage 368

Mortgage Home Value Buyers Lending 368

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Given the ongoing job additions, any meaningful decline in mortgage rates could lead to a rush of buyers later in the year and into the next.” The NAR’s Pending Home Sales Index climbed to a reading of 76.8 NAR expects existing-home sales to decrease 12.9%

Construction 339

Construction Inventory Realtors Housing Market 339

McKissock

APRIL 28, 2021

It makes sense, but it can make the real estate process even tougher for buyers. Here’s how to handle emotional buyers like the pro that you are. As of 2020, a whopping 88% of home buyers relied on the help of a real estate agent to get them through the process. Know Their Problems — and Solve Them.

Real Estate Agent 87

Real Estate Agent Real Estate Buyers Agents 87

Housing Wire

APRIL 2, 2021

“The prime-age labor force participation rate fell in the aftermath of the Great Recession and it took a decade to return to the pre-Great Recession average (2001-2007) of 83%,” Kushi said. The lack of available homes on the market is taking a toll on the marginal buyer who is feeling an affordability squeeze.

Inventory 497

Inventory Construction Housing Market Business 497

Housing Wire

JUNE 8, 2023

The Bank of Canada increased rates by 25 bps to 4.75% on Wednesday, the highest level since 2001. “The labor market continues to be exceptionally strong, which could bring more buyers back into the market once rates move away from their recent highs.”

Mortgage 374

Mortgage Investors Inventory Housing Market 374

Housing Wire

SEPTEMBER 7, 2022

It launched an interactive media platform as well in the fall of 2021, called Glocaly, which serves as a listing and marketing exchange for matching sellers and buyers of condos. Since our inception in 2001, we have delivered more than 1,000 single-family homes and 25 condominiums.

Development 316

Development Real Estate Luxury Properties Construction 316

Housing Wire

AUGUST 30, 2022

Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5 NAR Total Listing Data: If we cut the timeline to the last time inventory grew, which was 2014, you can see this downtrend in inventory, unlike 2001-2005, when inventory grew from 2 million to 2.5 million listings.

Inventory 381

Inventory New Listings Law Housing Market 381

Housing Wire

AUGUST 14, 2023

According to a 2001 NAR survey , only 69% of buyers used the services of a real estate agent. Tech will not render real estate agents obsolete Let’s dismiss the misguided notion that technology will render agents obsolete. The numbers themselves bear witness to the growing demand for their services.

Real Estate 329

Real Estate Real Estate Agent Marketing Technology 329

Housing Wire

MAY 31, 2022

The company estimates there are about 3 million “aged properties” in the Chicago area alone, with almost 88% of them built before 2001. New Western, which specializes in distressed residential investment properties, aims to revitalize $543 million in residential properties in the Chicago market over the next five years.

Mortgage 382

Mortgage Construction Lending Real Estate 382

Housing Wire

AUGUST 23, 2023

“We would have to go back to 2001 to find mortgage rates above 7.0%. “You would think that with rates going into the highest all of a sudden, buyers would stall. .” The housing market According to Ratiu, viewed from the perspective of the past 20 years, the current 30-year fixed mortgage has high watermark rates.

Mortgage 356

Mortgage Loan Officers Inventory Housing Market 356

Housing Wire

NOVEMBER 29, 2021

An index of 100 is equal to the level of contract activity in 2001.” Remember, a seller is typically also a buyer, so inventory should fall when demand picks up and that seller finds another home to buy. in October. Year-over-year, signings fell 1.4%.

Inventory 527

Inventory Contracts Training Investors 527

Housing Wire

APRIL 12, 2022

Donny Samson’s father, Danny Samson, founded Samson Properties in Chantilly, Virginia, in 2001. “My The company totaled 20,210 in 2021 transaction sides (If you represent just one side of the deal, buyer or seller, that counts as a side). Still, the CEO said he does not push agents to represent buyers. “We The differentiator.

Brokerage 370

Brokerage Agents Real Estate Insurance 370

Housing Wire

MARCH 1, 2022

According to the National Association of Realtors , in 2020, some 87% of homebuyers purchased their home through a real estate agent or broker, and that number has steadily increased each year since 2001. Knock.com offers solutions for both buyers and sellers. But today’s tech leaders are different.

Real Estate 316

Real Estate Brokerage Real Estate Agent Technology 316

Housing Wire

APRIL 20, 2022

In addition, according to the NAR 2021 Profile of Home Buyers and Sellers report , 87% of buyers who recently purchased homes did so through a real estate agent or broker, up from 69% in 2001. Joey Gault and Beth Wexler of @properties’ Chicago-based The Wexler Gault Group , have found pl@tform to be incredibly helpful.

Real Estate Agent 371

Real Estate Agent Real Estate Agents Brokerage 371

Housing Wire

APRIL 13, 2022

in 2001 to 44.8% While home inventories remain low, the prospects for first-time buyers diminish. Action must be taken to provide adequate credit access to homebuyers and encourage the housing market to expand opportunities for American households. Black homeownership rates have declined from 48.4% Prices continue to rise.

Insurance 366

Insurance Construction Government Lending 366

Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This decline can be attributed partly to buyers grappling with the affordability challenge posed by higher interest rates and continually escalating prices.

Inventory 54

Inventory Sellers Buyers Contracts 54

DW Slater Company

JUNE 6, 2022

Do the buyers know that this occurred in the home? Like most things in real estate, the answer is “it depends” According to a 2001 study by James Larsen , a professor of finance at Wright University, “a cross-section of homes where homicides, suicides or hauntings were reported sold for 2.9 The Gore House in 2022.

Real Estate 166

Real Estate Appraisal Market Value Marketing 166

Lamacchia Realty

JUNE 3, 2021

Angela Harkins has been a REALTOR® since 2001 and built her own team back in 2008. He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. In 2018 and 2019 , she was awarded Most Sales and Most Sales Volume for our Woburn Office.

Realty 65

Realty Agents Real Estate Human Resources 65

Lamacchia Realty

JULY 14, 2021

Mid-Year 2021 Winners of the Top 10 for the Company are: Joselin Malkhasian is a Realtor working with both Buyers and Sellers in the Greater Boston Area. He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties.

Realty 71

Realty Agents Real Estate Realtors 71

Lamacchia Realty

JULY 7, 2023

Since then, she has taken off running and has helped her buyers and sellers reach their goals. Cyndi thrives to make her buyers and sellers her top priority. To learn more about Shauna, click here: Shauna Fanning Angela Harkins has been a REALTOR® since 2001 and built her own team back in 2008.

Realtors 74

Realtors Realty Real Estate Clients 74

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. I got it mostly for MLS access and have only done one sale, representing the buyer.

Appraisal 80

Appraisal Agents Real Estate Real Estate Agent 80