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. .”

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Marketing Buyers Realtors Real Estate 433

Housing Wire

AUGUST 30, 2023

However, unlike the market for new homes , which has recovered convincingly above last year’s lows (+31.5%), pending home sales continue to lag behind year-ago levels (-14.0%). 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. .

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Inventory Contracts Buyers Realtors 393

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. NAR’s Pending Home Sales Index (PHSI) increased to 77.3

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Contracts Housing Market Construction Inventory 444

Housing Wire

APRIL 29, 2021

The National Association of Realtors released encouraging news Thursday about the future of the housing market. The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 in March, after two consecutive months of decline. population.”.

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Contracts Inventory Construction Realtors 414

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said. Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It

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Housing Market Contracts Government Buyers 412

Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” Lawrence Yun , the chief economist of NAR, said in a statement.

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Contracts Inventory Housing Market Realtors 306

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. Presented by: Auction.com.

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Inventory Renovations Contracts Buyers 414

Housing Wire

AUGUST 14, 2023

This momentous shift dismantled the barriers that once confined inventory to cumbersome books where practitioners were no longer at the mercy of brokers who held real estate data hostage for their own advantage. According to a 2001 NAR survey , only 69% of buyers used the services of a real estate agent.

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Real Estate Real Estate Agent Marketing Technology 326

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.

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Contracts Realtors Inventory Buyers 195

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5

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Inventory New Listings Law Housing Market 380

Housing Wire

SEPTEMBER 21, 2023

The housing market will remain subdued until the Federal Reserve starts cutting rates next year, according to economists and housing pros following the central bank’s Wednesday announcement to leave the benchmark rate unchanged in the target range of 5.25%-5.5%. Real estate experts reiterated caution against further rate increases.

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Real Estate Mortgage Buyers Inventory 364

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. What does it mean for the housing market ? In July, 26% of existing homes sold to cash buyers while 7% of new homes sold to cash buyers.

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Mortgage Property Taxes Investors Buyers 363

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.” Home prices will be influenced by how much inventory is brought to market. in 2023, settling at 4.38

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Construction Inventory Realtors Housing Market 336

Housing Wire

JUNE 8, 2023

Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.71% as of June 8, down from last week’s 6.79%. However, the labor market brings mixed signals. for the third consecutive week. in May, compared to 3.4%

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Mortgage Investors Inventory Housing Market 371

Housing Wire

NOVEMBER 29, 2021

An index of 100 is equal to the level of contract activity in 2001.” Last week, I wrote about how the existing home sales markets outperformed my peak sales range in the past two sales reports. 2020 and 2021 are at pre-cycle highs in demand, with total inventory levels at all-time lows for both years. in October.

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Inventory Contracts Training Investors 527

Housing Wire

AUGUST 23, 2023

Rates at the 7% or 8% level could spur a reduction in home prices, but current inventory issues have limited this impact. Even with rates in the mid-7s, there are bidding wars in dozens of markets across the country. “We would have to go back to 2001 to find mortgage rates above 7.0%. .” Inventory remains thin.

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Mortgage Loan Officers Inventory Housing Market 354

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 resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9%

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Inventory Sellers Buyers Contracts 54

Housing Wire

APRIL 13, 2022

Action must be taken to provide adequate credit access to homebuyers and encourage the housing market to expand opportunities for American households. in 2001 to 44.8% Housing costs, particularly at the bottom of the market, have skyrocketed with a limited supply of housing and a severe shortage of construction workers.

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Insurance Construction Government Lending 364

Housing Wire

APRIL 20, 2022

In their place are slick videos, glossy Instagram marketing photos and digital business cards. “I But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. The CRM is fantastic and there are all these marketing tools and templates.

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Real Estate Agent Real Estate Agents Brokerage 367

DW Slater Company

JUNE 6, 2022

Collin County is one of the markets we cover, including Wylie. The market has been appreciating at a very rapid rate, especially within the past year. Do the buyers know that this occurred in the home? percent less than market value, and sat on the market for approximately 47 percent longer than average houses.

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Real Estate Appraisal Market Value Marketing 166

Houston Properties

JANUARY 12, 2022

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. Concerned about a housing market crash? While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). I’m A Buyer.

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Real Estate Marketing Real Estate Agent Realtors 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. But for how long?

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HOA Transportation Construction Buyers 36

Will Springer Realtor

DECEMBER 12, 2023

= I wrote in this newsletter 12 months ago about the bumpy – maybe even bruising – housing market 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. at this time in 2023 (quite optimistic!).

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Real Estate Buyers Housing Market Law 36

Appraisal Today

JUNE 10, 2022

Habitual practice of “comparing comps” over “measuring markets” will prevail (in the absence of change in the other “frictions”). NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. To read more, click here.

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Will Springer Realtor

AUGUST 9, 2021

million housing units since 2001. The Biden administration’s $2T infrastructure plan includes $213B allocated for housing, with a focus on low- and middle-income homeowners and potential buyers. Both are welcome signs for buyers but they should not be interpreted as a trend. months of inventory available compared with 0.3

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Construction Inventory Property Taxes Development 36