2001, Construction, Housing Market and Realtors

Pending home sales fall to their lowest level in two decades

Housing Wire

NOVEMBER 30, 2023

Pending home sales in October fell to their lowest level since 2001. in October on a month-over-month basis, according to data released Thursday by the National Association of Realtors (NAR). Meanwhile, new home sales posted a better performance as homebuyers pivoted to new construction amid waning existing home supply.

Housing Market

Housing Market Inventory Realtors Construction

Pending home sales surged in December: NAR

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. The trade group also predicts that rent growth will ease due to sizable growth in apartment construction over the past three years.

Contracts

Contracts Housing Market Construction Inventory

Pending home sales fall 38% in November

Housing Wire

JANUARY 3, 2023

according to data released last Wednesday by the National Association of Realtors. Falling home sales and construction have hurt broader economic activity.”. An index of 100 is equal to the level of contract activity in 2001. Pending home sales fell for the sixth consecutive month in November, recording a 4.0%

Contracts

Contracts Housing Market Realtors Construction

Pending home sales rebound in March

Housing Wire

APRIL 29, 2021

The National Association of Realtors released encouraging news Thursday about the future of the housing market. relates to a baseline of 100 that the NAR put together in 2001. “By By coincidence,” the NAR explained, “The volume of existing homes sales in 2001 fell within the range of 5 to 5.5 What is this index?

Contracts

Contracts Inventory Construction Realtors

Pending home sales fell 2.7% in May though demand remains strong

Housing Wire

JUNE 29, 2023

After holding steady month over month in April , pending home sales were back down again in May, dropping 2.7%, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. annual drop recorded in April.

Contracts

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Pending home sales jump again in January, but don’t get too excited

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. After posting a 2.5% compared to a year ago. in 2023 and 5.4%

Housing Market

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Pending home sales rose 0.3% in June, the first increase in 3 months

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. Home prices will be influenced by how much inventory is brought to market.

Construction

Construction Inventory Realtors Housing Market

Pending home sales fall 5.2% in March

Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. year over year.

Inventory

Inventory Realtors Contracts Construction

No sign of relief in housing even as the Fed holds rates steady

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%. Fed officials expect interest rates to be at 5.1%

Real Estate

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Mortgage rates rise again, but look poised to drop in the fall

Housing Wire

AUGUST 10, 2023

Another rate hike in September would move the target federal funds rate to its highest level since March 2001. Additionally, economists have observed a rebound in new home sales this year, with buyers seeking to leverage new construction options and any competitive builder incentives.

Mortgage

Mortgage Real Estate Buyers Construction

Opinion: Solutions to restore housing as an economic growth engine

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% The Hispanic homeownership rate grew moderately to 48.4%, partly due to organized advocacy and the work of Latino Realtors and lenders.

Insurance

Insurance Construction Government Lending

A look behind this year’s Tech100 winners

Housing Wire

MARCH 1, 2022

Clearly, we love that the housing market supports so many professionals and households. But ultimately, efficient mortgage lending and real estate sales is what is most important to a healthy housing market. This could be read through a negative lens. Jobs are important. We must innovate. We must become more efficient.

Real Estate

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Will Springer Realtor - Untitled Article

Will Springer Realtor

MAY 13, 2024

America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades. Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. shy of the need. But for how long?

HOA

HOA Transportation Construction Buyers

Houston Real Estate Market Forecast: Current Data & 2022 Predictions

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).

Real Estate

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Apps for Appraisers

Appraisal Today

AUGUST 18, 2023

As you may have heard, a cyberattack has shut down Rapattoni, a property data provider, leaving realtors and appraisers in 12 states without access to MLS data. percent, matching October 2022’s rate and the highest rate since 2001,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. baths, 34,380 square feet, 2.65

Appraisal

Appraisal Contracts Inspection Real Estate

IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

AUGUST 9, 2021

There is a strong need for a once-in-a-generation response to address decades of underinvestment in housing. million housing units since 2001. Additional housing, particularly more affordable units, will only help strengthen the health of the public and economy. A surprising 3% used the time to build a new house.

Construction

Construction Inventory Property Taxes Development

PREDICTIONS, PARKING, POLLUTED PIPES

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. To a happy 2024! = San Jose, Calif., came in second. >>

Real Estate

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Property Appraisal Zone

Pending home sales fall to their lowest level in two decades

Pending home sales surged in December: NAR

Trending Sources

Pending home sales fall 38% in November

Pending home sales rebound in March

Pending home sales fell 2.7% in May though demand remains strong

Pending home sales jump again in January, but don’t get too excited

Pending home sales rose 0.3% in June, the first increase in 3 months

Pending home sales fall 5.2% in March

No sign of relief in housing even as the Fed holds rates steady

Mortgage rates rise again, but look poised to drop in the fall

Opinion: Solutions to restore housing as an economic growth engine

A look behind this year’s Tech100 winners

Will Springer Realtor - Untitled Article

Houston Real Estate Market Forecast: Current Data & 2022 Predictions

Apps for Appraisers

IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

PREDICTIONS, PARKING, POLLUTED PIPES

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