Housing Wire

APRIL 20, 2022

Bonnie Williamson never intended to be a real estate agent. In their place are slick videos, glossy Instagram marketing photos and digital business cards. “I As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6

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Housing Wire

APRIL 29, 2021

The National Association of Realtors released encouraging news Thursday about the future of the housing market. Though homes in contract are not always closed, the index figure is a strong indication that home sales will rebound in the coming months after an inventory-induced decline. in March, after two consecutive months of decline.

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Contracts Inventory Construction Realtors 414

Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The as-is market value is typically based on a drive-by broker price opinion or external-only appraisal given the properties are usually still occupied.

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Housing Market Buyers Marketing Retail 379

Housing Wire

SEPTEMBER 15, 2023

Rates last month surged to 7.23%—the highest since 2001 – sending the typical homebuyer’s monthly payment up significantly from last year. I’ve seen more homebuyers cancel deals in the last six months than I’ve seen at any point during my 24 years of working in real estate. The median U.S. This price was 2.8%

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Buyers Mortgage New Listings Real Estate Agent 386

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 305

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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Housing Wire

APRIL 27, 2023

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 in 2023 to 670,000 homes due to higher new home inventory than existing home inventory. year over year.

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Inventory Realtors Contracts Construction 382

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 413

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It August may be the beginning of the end of this resilient housing market, at least for a while,” Sturtevant said.

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Housing Market Contracts Government Buyers 410

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

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. He then transitioned to PHH Home Loans in 2001 for an in-house lending stint, a role he stayed in for about nine years.

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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. percent less than market value, and sat on the market for approximately 47 percent longer than average houses. from the same time last year. You can check it out here.

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Real Estate Appraisal Market Value Marketing 166

Housing Wire

AUGUST 3, 2021

Home prices continue to increase as national inventory levels remain low heading into August. Bend, Oregon, with beautiful scenery, a bevy of craft breweries and microscopic home inventory, saw the second-highest home price increase in the country year-over-year, at 35.4%. But relief for buyers could be coming in the next 12 months.

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Buyers Inventory Realtors Contracts 498

Housing Wire

JULY 27, 2023

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. Several of the country’s top emerging housing markets are in Indiana.) The NAR’s Pending Home Sales Index climbed to a reading of 76.8 next year, to $395,000. “It

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Construction Inventory Realtors Housing Market 335

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 370

Housing Wire

SEPTEMBER 29, 2022

An index of 100 is equal to the level of contract activity in 2001. How to make digital marketing easy and effective for mortgage professionals. The shift to a purchase market makes effective digital marketing even more important, and collaborative marketing technology can generate more demand while reducing time spent on marketing.

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Contracts Realtors Inventory Marketing 326

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 353

Houston Properties

JANUARY 12, 2022

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. Concerned about a housing market crash? Review current Houston real estate data & lessons from past hurricanes and trends. For the broad Houston real estate market, all major indicators point to growth during the year.

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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 363

Lamacchia Realty

JANUARY 30, 2024

2023 marked a significant chapter in real estate history, on the state level in Maine as well as nationally. 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.

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Inventory Sellers Buyers Contracts 54

Appraisal Today

AUGUST 13, 2023

ChatGPT: Valuable Tool or a Replacement for Real Estate Appraisers? Guest Residence was built in 2001 with quality wood frame construction, smooth stucco exterior siding, and clay roof. Trauma, Expectations, and Cyclical Markets By Brent Bowen Excerpts: Market volatility is directly tied to fear and uncertainty.

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Appraisal Today

AUGUST 18, 2023

The media coverage focuses on real estate agents having difficulty showing homes, etc. That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. I have lots of practical tips and marketing advice. But appraisers need other information. I wrote this up yesterday.

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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. ==. Jun 7, 2022.

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Appraisal Contracts Business Mortgage 52

Will Springer Realtor

DECEMBER 12, 2023

Scott Real Estate. 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.

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Real Estate Buyers Housing Market Law 36

Appraisal Today

SEPTEMBER 29, 2023

Today, they are becoming popular to get extra rentals in markets low on housing. And many appraisers who only know how to do mortgage lending assignments are reluctant to market themselves outside that confined space. Some types of non-lender appraisals have little competition, and marketing can be done quickly.

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Insurance Appraisal Contracts Mortgage 79

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. A year later, the same real estate consultancy estimates the number has expanded to 2.1M, a jump of 24%. But for how long?

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Will Springer Realtor

AUGUST 9, 2021

I have covered this topic both within the newsletter and on my blog and hear from people in real estate about their frustration over the lack of significant action. million housing units since 2001. The National Association of Hispanic Real Estate Professionals also noted the median age of the Latino population is 29.8,

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