Housing Wire

MAY 8, 2024

You can see the drastic change this made in the Mortgage Bankers Association Credit Availability index , below, which skyrocketed in 2005 and 2006 before an epic collapse in 2008. Since most sellers are buyers, inventory should be stable if demand is stable. So you can see why we have so few stressed sellers.

Inventory 416

Inventory Law New Listings Sellers 416

Housing Wire

NOVEMBER 13, 2023

Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers. The report is an annual survey of homebuyers and sellers who closed transactions between July 2022 and June 2023.

Real Estate Agent 350

Real Estate Agent Real Estate Agents Sellers 350

Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. Have higher rates worked? Some data to consider: 1.

Housing Market 492

Housing Market Marketing Mortgage Inventory 492

Housing Wire

MARCH 28, 2022

Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market. Housing construction will be impacted if the monthly supply for new homes breaks above 6.5 To downgrade it to a savagely unhealthy housing market caught some people by surprise.

Housing Market 309

Housing Market Marketing Supply Chain Inventory 309

Housing Wire

NOVEMBER 9, 2022

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Understanding this data line and what it is trying to tell you will be more valuable than erroneously thinking the market is crashing and we’ll see a wave of foreclosures.

New Listings 467

New Listings Inventory Housing Market Sellers 467

Housing Wire

DECEMBER 21, 2022

.” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well. Since the credit standards have improved post-2010, we shouldn’t see distressed sellers until a job loss recession happens, even if sales fall noticeably.

Inventory 505

Inventory New Listings Housing Market Sellers 505

Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. Over the years, I have tried to emphasize that the housing market in the U.S. can’t have a credit sales boom like we saw from 2002-2005. This is 12.6

Construction 369

Construction Housing Market Sellers Marketing 369

Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. If you believe people sell to become homeless, then you’re in the group of people that have simply not read housing data for decades. The days on market were too low. And existing home sales crashed in 2022 from a peak of around 6.5

Inventory 536

Inventory Housing Market New Listings Marketing 536

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time.

Inventory 492

Inventory Housing Market Construction Marketing 492

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. However, we haven’t had a credit sales boom like the one we saw from 2002-2005. However, not to the degree we saw from 2005-2008. million listings.

Inventory 381

Inventory New Listings Law Housing Market 381

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. This sector on an apples-to-apples basis is more expensive than the existing home sales market. percent (±11.9

Mortgage 440

Mortgage Inventory Housing Market Construction 440

Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

Inventory 459

Inventory Marketing Housing Market New Listings 459

Housing Wire

OCTOBER 20, 2023

No seller must use a real estate agent to sell a home — ever. No buyer must use a real estate agent — ever. No buyer must use a real estate agent — ever. They may buy directly from a seller, whether that seller is represented by an agent or not. None of which are geared to police agent conduct in the market.

Real Estate Agent 413

Real Estate Agent Real Estate Brokerage Agents 413

Housing Wire

NOVEMBER 13, 2023

The writer in the Economist says, “…either the fat fee [real estate commission] inflates the house price, or the buyer ends up paying a similar fee when he or she sells.” This is from the Editorial Board of The Wall Street Journal, “Ninety percent of transactions offer buyer agent commissions of exactly 3%.”

Real Estate 339

Real Estate Realtors Agents Buyers 339

Housing Wire

APRIL 25, 2023

However, the people who say low inventory is fake news don’t realize that housing credit channels are very different from 2008, which has prevented total active listings from looking anything like 2008. In their haste, they miss the bigger picture of the housing market. percent (±15.2 percent (±12.7

Inventory 460

Inventory Housing Market Construction Marketing 460

Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise.

Housing Market 334

Housing Market Finance Marketing Mortgage 334

Housing Wire

APRIL 20, 2023

As we can see in the data below, the days on the market fell back down to 29 days. As we can see below, from 2000, total active housing inventory rose from 2 million to 2.5 million before we saw the massive stress spike in supply from 2005 to 2007. 9, so when we talk about housing in the U.S., from March 2022 ($379,300).

Inventory 518

Inventory Housing Market Marketing New Listings 518

Housing Wire

FEBRUARY 24, 2023

They don’t ever have to have the conversation about how low their total payment is in the new home they’re buying, unlike some of their buyers (which explains higher cancellation rates). They still have a lot of work to do here, so we shouldn’t expect anything good to come from the housing permits side of the economy in 2023.

Inventory 423

Inventory Construction Housing Market Mortgage 423

Housing Wire

JUNE 27, 2023

They have no emotional ties to houses and don’t need to sell a home to buy another one. They’re effective sellers and don’t want to create a backlog of completed units for sale because that would ruin their business model. Also, in the chart below, we can all agree it isn’t housing 2005 or housing 2008 with new home sales.

Construction 480

Construction Inventory Marketing Buyers 480

Housing Wire

FEBRUARY 16, 2023

Looking at the latest NAHB/Wells Fargo homebuilder confidence data and builder stock prices, I can say the homebuilders got very lucky this time around in the middle of a housing recession. They have less competition as they are working from low sales levels in today’s housing market.

Construction 470

Construction Housing Market Inventory Mortgage 470

Appraisal Buzz

MAY 17, 2021

Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. Prices were escalating quickly, and buyers were purchasing in a frenzy for fear of being left behind and not being able to get their foot on the property ladder. This is no different than ignoring declining trends.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

APRIL 27, 2022

Housing data should cool off, and we are getting into the period where some forward-looking data reflects that. The new home sales market doesn’t have a 28% cash-buyer profile as we saw in the last existing home sales report. From Census: The median sales price of new houses sold in March 2022 was $436,700.

Construction 325

Construction Buyers Housing Market Inventory 325

Housing Wire

DECEMBER 23, 2022

The truth here that nobody wants to talk about is that we didn’t have a massive sales credit boom in housing from 2020-2021 like we saw from 2002-2005. That would reverse the problem the housing market has had selling homes with mortgage rates above 7%.

Construction 338

Construction Housing Market Mortgage Sellers 338

Housing Wire

DECEMBER 22, 2021

Then everyone went crazy on investors and iBuyers , suggesting that these people were holding up the entire housing market. I understand that grifters have to keep the grift going, but not even the Joker would say that the housing market lives off investors and not mortgage buyers.

Inventory 456

Inventory Housing Market Investors Marketing 456

Lamacchia Realty

JUNE 21, 2022

Now, months later, with rates up nearly 100% from the start of the year- January mortgage rates were hovering in the low to mid 3’s and this week reached 6.28%- diminished buyer affordability is causing a big downshift in demand. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Cornerstone

SEPTEMBER 3, 2021

Now that we’ve reached the second half of 2021, it’s apparent: Today’s housing market is breaking records. A very specific set of circumstances are bringing opportunities for both homebuyers and sellers. Here’s a closer look at which four factors are creating this never-before-seen market. Climbing home prices.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

Lamacchia Realty

APRIL 15, 2022

When Will the Housing Market Change? So if someone bought a house in early January of 2021 and put 20% down, they would have nearly 40% equity in the home by the end of December. Sellers kept listing, albeit, at a much slower pace, and buyers were buying at the highest rate in over 15 years, absorbing inventory faster than ever.

Marketing 66

Marketing Sellers Buyers Inventory 66

Lamacchia Realty

DECEMBER 28, 2021

2021 is going down in history as a historical year for the housing market across America. It was the year of the frustrated buyer, particularly in the first half of the year. The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. 2021 Recap.

Sellers 74

Sellers Inventory Buyers Realtors 74

Lamacchia Realty

FEBRUARY 22, 2022

The 2021 Massachusetts Year in Review Housing Report breaks down average prices, sales, inventory, new active listings, and pending sales for 2021 compared to 2020 and illustrates what that means for the current market. Below is a graph that illustrates home sales per year since 2005. It has more to do with buyer consumption.

Inventory 51

Inventory Sellers Buyers Real Estate 51

Lamacchia Realty

JANUARY 27, 2023

in Massachusetts The 2022 Massachusetts Year in Review Housing Report breaks down average prices, sales, inventory, new active listings, and pending sales for 2022 compared to 2021 and illustrates what that means for the current market. Market adjustments, global pandemics, and anemic inventory are not for the faint of heart.

Inventory 63

Inventory Buyers Real Estate Sellers 63

Lamacchia Realty

SEPTEMBER 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. Heidi is a stellar real estate agent who, since 2005, has been helping her clients buy and sell homes with ease and friendliness.

Realty 74

Realty Realtors Real Estate Clients 74

Will Springer Realtor

DECEMBER 14, 2021

A shortage of homes for sale sparked some of the fastest-moving deals in memory, particularly on the Eastside, where single-family homes “sat” on the market for a median 5.4 What will the 2022 Seattle/King County housing market offer? Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021.

Real Estate 69

Real Estate Buyers Construction Sellers 69

Lamacchia Realty

DECEMBER 7, 2021

Elisha Lynch obtained her Real Estate license in 2005. He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. To learn more about Amy, click here.

Realtors 74

Realtors Realty Real Estate Clients 74

Appraisal Today

APRIL 12, 2024

40 acre lot, Built in 2005 “The village of Highlands is some of the most expensive real estate in the Carolinas,” Jackson (listing agent) says. “It But a buyer didn’t materialize, so the home was slated to be put up for auction, with starting bids expected to range from $1,500,000-$3,250,000. Now, it’s back on the market with a $4.5

Appraisal 77

Appraisal Construction Contracts Architecture 77

Appraisal Today

JUNE 3, 2022

Excerpts: The housing market sizzle has faded and we’ve entered a different season. We’ve basically said goodbye to the most aggressive housing market ever, and we’re in a new market now. Granted, the housing trend still feels elevated from normal, so it’s an error to call this market cold.

Appraisal 52

Appraisal Contracts Real Estate Marketing 52