Housing Wire

AUGUST 23, 2022

Tuesday’s new home sales report missed expectations and had negative revisions, which isn’t surprising given this sector of our economy simply can’t handle higher mortgage rates. 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.

Construction 369

Construction Housing Market Sellers Marketing 369

Housing Wire

NOVEMBER 13, 2023

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. 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. Meanwhile, in September, one-third of U.S.

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Real Estate Agent Real Estate Agents Sellers 350

Housing Wire

APRIL 11, 2022

The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built too many homes versus the real demand curve, and monthly supply proves that. million total housing starts until 2020-2024, when demand would warrant that many housing starts.

Inventory 494

Inventory Housing Market Marketing Modernization 494

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. The Federal Reserve wanted to see the bidding wars end and the days on the market grow.

Inventory 459

Inventory Marketing Housing Market New Listings 459

Housing Wire

NOVEMBER 19, 2020

million, according to a report from the National Association of Realtors on Thursday. “The surge in sales in recent months has now offset the spring market losses,” NAR Chief Economist Lawrence Yun said. The housing market has only strengthened since the pandemic-induced lows in the spring.

Inventory 545

Inventory Realtors Housing Market Marketing 545

Housing Wire

DECEMBER 22, 2020

housing market has outperformed expectations, I expected these upward trends to moderate. Today, the National Association of Realtors reported a 2.5% If we don’t end the year at 5,710,000 – 5,840,000 total existing home sales, it will be because COVID-19 temporarily paused housing activity.

Housing Market 545

Housing Market Buyers Realtors Marketing 545

Housing Wire

MARCH 29, 2022

The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built too many homes versus the real demand curve, and monthly supply proves that. million total housing starts until 2020-2024, when demand would warrant that many housing starts.

Inventory 404

Inventory Housing Market Marketing Modernization 404

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. in June, according to the National Association of Realtors , which tracks the metric. (An And, with demand easing and housing starts improving to 1.65

Marketing 433

Marketing Buyers Realtors Real Estate 433

Housing Wire

SEPTEMBER 8, 2022

The housing market is very subsidized for demand to grow and whenever the economy gets weaker, rates fall and that impacts the housing market in a disproportionate way. The National Association of Realtors’ total Inventory data shows that historically we have between 2 to 2.5 This is what we do in America.

Inventory 542

Inventory Law Housing Market Design 542

Housing Wire

JANUARY 12, 2022

Unfortunately, that didn’t happen and recent data shows that we are at fresh new all-time lows in housing inventory, with mortgage rates and the unemployment rate both under 4% currently. Mortgage demand needs to slow down. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020.

Inventory 535

Inventory Mortgage Housing Market Marketing 535

Housing Wire

DECEMBER 22, 2021

The National Association of Realtors reported that existing home sales for November came in hot at 6.46 million , that would mean it’s a good year for housing demand. Then everyone went crazy on investors and iBuyers , suggesting that these people were holding up the entire housing market. million and 6.2

Inventory 456

Inventory Housing Market Investors Marketing 456

Housing Wire

JANUARY 20, 2022

The National Association of Realtors reported that existing home sales for December came in as a miss of estimates at 6.18 From NAR: In the last few months of the year, existing home sales have been outperforming my sales ranges noticeably, and I talked about how sales could moderate, but mortgage demand ended 2021 on a solid note.

Inventory 455

Inventory Housing Market Marketing Mortgage 455

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers. See chart below.

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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. Here’s a closer look at which four factors are creating this never-before-seen market. The 4 reasons that today’s housing market is unlike any other. Right now, we’re seeing unique conditions like: 1.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

Empire Appraisal Group

JUNE 2, 2022

Source: Is FOMO Fueling the Real Estate Market? Florida Realtors. Housing markets continue to run hot, despite rising interest rates and home prices. Rising interest rates and higher home prices would normally cool a hot housing market, yet the national and local real estate scenes continue to run red hot.

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Real Estate Marketing Housing Market Investors 78

Empire Appraisal Group

OCTOBER 28, 2021

USA TODAY spoke to eight experts to find out if a housing crash is on the horizon. For one, they say the housing market in 2021 is not like the boom-bust cycle leading up to the Great Recession. Stronger mortgage market. mortgages were in forbearance. The short answer? Forbearance programs.

Inventory 78

Inventory Housing Market Construction Real Estate 78

Lamacchia Realty

DECEMBER 28, 2021

2021 is going down in history as a historical year for the housing market across America. In fact, our REALTORS had multiple properties that had over 30 offers! If they aren’t in a rush to sell they don’t care when a REALTOR tells them they can list and show their home in a safe manner. 2021 Recap. But not in 2021.

Sellers 74

Sellers Inventory Buyers Realtors 74

McKissock

SEPTEMBER 7, 2021

Additional indicators can be some of the factors that led up to the last market bust; there are plenty of articles online with which to familiarize yourself. Some early warning signs of housing market correction are: A) Listing inventory in MLS starts to climb steadily. F) Rapid changes in residential mortgage interest rates.

Marketing 71

Marketing Real Estate Appraisal Inventory 71

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. 2021 Sales by Month.

Inventory 51

Inventory Sellers Buyers Real Estate 51

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. Mortgage Rates. This will create competition with new mortgages amongst investors. week supply of homes for sale. Something had to give.

Marketing 66

Marketing Sellers Buyers Inventory 66