Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. We are not taking the unhealthy housing market theme off this marketplace.

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Housing Market Marketing Inventory Realtors 514

Housing Wire

DECEMBER 7, 2022

Now, with five weeks of data in front of us, we can say they have stabilized the market. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. million, the equilibrium balance between a buyer and seller marketplace that has been here for four decades.

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Housing Market Mortgage Marketing Inventory 540

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. in December 2022, its highest level since 2007 and its fastest rise in more than 40 years. We can also expect low housing demand, which favors buyers.

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Housing Market Marketing Inventory Sellers 410

Housing Wire

MAY 2, 2023

The housing market functions differently than other markets because it can be characterized as a heterogeneous, thinly traded, illiquid market. In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. The result is fewer sales.

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Housing Market Marketing Sellers Inventory 349

Housing Wire

NOVEMBER 19, 2020

Days on market fell from 36 days to 21 days on a year-over-year basis. Cash buyers remain at a historically high level of 19%, the same as last year, while sales grew 26.6% The housing market is hot. You may be told that future moderation indicates “cracks in the housing market, but don’t buy into it.

Housing Market 545

Housing Market Marketing Inventory Buyers 545

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. Between 2002-2005 in many markets, the real estate market was scorching, much like it is today.

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Appraisal Clients Real Estate Sellers 418

Housing Wire

JUNE 25, 2023

The affordability hit with higher mortgage rates has impacted new listings data since most sellers are buyers, thus facilitating an all-time low in new listings data. More importantly, it showed that the days on market dropped back to the teenager level, which means we are once again in a savagely unhealthy housing market.

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Inventory Housing Market Marketing New Listings 404

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. “A small offset or decline in home values, which we are starting to see, (…) can help that consumer who’s in the market for the first time,” Brown said.

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Housing Market Marketing Insurance Mortgage 410

Housing Wire

NOVEMBER 18, 2022

That’s the largest year over year existing home sales decrease since 2007. The impact is greater in expensive areas of the country and in markets that witnessed significant home price gains in recent years.”. “The Both a pullback in demand and limited supply remain vexing problems for the housing market.

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Housing Market Marketing Inventory New Listings 386

Housing Wire

APRIL 8, 2022

In time, markets always find balance and balance is a good thing. But, that doesn’t mean housing is going to crash. I set a specific home-price growth model for the years 2020-2024 that said if home prices only grew at 23% during this five-year period, the housing market would still be OK, given wage growth.

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Housing Market Marketing Inventory Lending 391

Housing Wire

APRIL 18, 2024

This is a byproduct of the qualified mortgage rule of 2010, which has been a game-changer not only for the housing market but for the overall U.S. NAR: Total housing inventory registered at the end of March was 1.11 million active listings per the last report, we have 526,000 per our last Housing Market Tracker article.

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Inventory Housing Market New Listings Buyers 472

Housing Wire

MAY 3, 2024

As the spring selling season kicks off, many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase. Serious buyers showed discernment as they know inventory is growing. Serious buyers showed discernment as they know inventory is growing. With only 1.3

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Inventory Lending Real Estate Housing Market 310

Housing Wire

MAY 8, 2024

Since most sellers are buyers, inventory should be stable if demand is stable. million, currently at 1,110,000 As you can see above, inventory grew at a healthy clip in previous decades and then had a parabolic run higher in 2006 and 2007 when active inventory reached 4 million. Demographics also play a role here.

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Inventory Law New Listings Sellers 416

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.

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Inventory Marketing Housing Market New Listings 459

Housing Wire

DECEMBER 19, 2022

Local markets is a HousingWire magazine feature spotlighting housing trends across the country. Affordable housing prices combined with a vibrant history and a thriving culinary scene have certainly made Derby City a popular destination for homebuyers. However, even Louisville’s active housing market has slowed down recently. “I

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Marketing Inventory Buyers Housing Market 322

Housing Wire

MARCH 21, 2024

This is why we created the housing market tracker articles to keep everyone versed in forward-looking demand and the forward-looking demand was getting better as mortgage rates fell from 8% to below 7%. In 2007, they were 4 million. What I love about this data is that the days on the market are over 30 days.

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Inventory Housing Market Mortgage Marketing 450

Housing Wire

MARCH 23, 2023

However, with active listings now near all-time lows, the builders’ new homes still have more value in the housing market than what we saw in previous decades. Back in 2007 — after existing home sales got as low as we have seen in the recent data as the chart below shows — total active listings were above 4 million.

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Inventory Housing Market Construction Marketing 531

Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Plus, available housing inventory remains near historic lows.”

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Inventory New Listings Housing Market Sellers 505

Housing Wire

JUNE 7, 2022

That’s according to Black Knight , which just released a white paper that studies how long it would take to sell all the homes currently listed for sale in a given market based on a prevailing sales rate, if no new listings are added (a metric it calls “months of remaining inventory”).

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Inventory Housing Market Investors Sellers 413

Birmingham Appraisal

JANUARY 11, 2023

A Look At The Housing Market in 2022. Over the past three years, the real estate market has seen unprecedented milestones. From record-high sale prices to record-low inventory, the market has shown us that just when we think we know what will happen it will show us something different.

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Housing Market Marketing Inventory Sellers 83

Housing Wire

FEBRUARY 16, 2023

They have less competition as they are working from low sales levels in today’s housing market. The truth is that if mortgage rates fell below 5.875% and kept going lower, everyone’s housing predictions would need to be revised this year because the builders can sell their homes with lower mortgage rates. When supply is 4.3

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Construction Housing Market Inventory Mortgage 470

Housing Wire

JANUARY 27, 2023

What is happening with homebuilders and the new home sales sector as we head into the spring housing market ? The builders don’t like to see supply of existing homes growing for fear that their buyers might cancel on them. The builders never want to oversupply a market because that would ruin their business model.

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Mortgage Construction Buyers Inventory 532

Housing Wire

APRIL 20, 2023

We have a workable range for 2023 sales in the existing home sales market between 4 million and 4.6 Last year we had a significant sales decline for the existing home sales market, which got worse as the year progressed. One aspect I didn’t like to see in this report is that the days on market fell and are back to under 30 days.

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Inventory Housing Market Marketing New Listings 518

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. Annual house price growth hit a record high in 2021, over 17%, and growth remains in the double digits thus far in 2022.

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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.

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Inventory Housing Market Construction Marketing 492

Housing Wire

MAY 14, 2021

Not to mention, during the 2007 housing market crash, some had just bought their first homes and unfortunately, lost their homes during the crash. It took a while for the housing market to bounce back. But that’s not the only reason this generation is shopping for their dream home now.

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Housing Market Marketing Buyers Real Estate 543

Housing Wire

SEPTEMBER 13, 2022

housing market that have 2019 inventory levels or higher are off my savagely unhealthy housing market list; those areas see effective pricing as demand gets weaker. Traditionally speaking, post-2012, inventory growth came in years where demand was weaker from mortgage buyers: 2014 and 2022. The parts of the U.S.

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Mortgage Inventory New Listings Sellers 513

Housing Wire

OCTOBER 27, 2020

“By some measures, home prices are rising at a faster pace than they ever have – an incredible feat considering the market is rising from an already elevated level. Census Bureau. Presented by: Sutherland.

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Technology Housing Market Investing Mortgage 525

Housing Wire

APRIL 2, 2021

“The prime-age labor force participation rate fell in the aftermath of the Great Recession and it took a decade to return to the pre-Great Recession average (2001-2007) of 83%,” Kushi said. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints.

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Inventory Construction Housing Market Business 497

Housing Wire

AUGUST 18, 2021

Housing starts in the U.S. in July compared to the prior month, an indication that construction supply lines are still choked and near record-high home prices are shutting out scores of buyers. “There are now almost 690,000 single-family homes under construction – the largest number since 2007. million units. .

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Supply Chain Construction Inventory Buyers 483

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. Geneva Financial, founded in 2007 by Aaron VanTrojen, has more than 130 branch locations in 46 states, according to the firm.

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Mortgage Construction Lending Real Estate 382

Housing Wire

JUNE 2, 2022

housing market. And now we are facing a tumultuous year of mortgage market normalization. Interest rates are rising, affordability is a challenge, and geopolitical conflicts impact global supply markets. It’s only natural that market players might be skittish over what direction housing will trend.

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Housing Market Supply Chain Construction Clients 433

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. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.

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Housing Market Bracketing Marketing Sellers 65

Housing Wire

JUNE 27, 2023

One group has the advantage here while the other doesn’t: The new home sales market is minuscule versus the existing one, and the builders sell their homes like a commodity. But a bigger story here is that the builders’ biggest competition isn’t other builders — it’s the number of existing homes on the market. When supply is 4.4-6.4

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Construction Inventory Marketing Buyers 480

Housing Wire

APRIL 9, 2021

“First-generation buyers who do buy homes often take on greater debt to do so or delay homeownership for years, making it difficult for homeowners of color to build wealth at the same pace as white homeowners,” said Jung Choi, a senior research associate with the Housing Finance Policy Center. Presented by: Citibank.

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Finance Housing Market Buyers Mortgage 433

Housing Wire

DECEMBER 29, 2020

Craig Lazzara, managing director and global head of Index Investment Strategy at S&P Dow Jones Indices, said that it’s likely COVID-19 has pushed buyers to move from urban apartments to suburban homes. Single-family housing starts saw their highest gain since 2007 in November, according to the U.S. respectively.

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Buyers Construction Realtors Inventory 542

Housing Wire

JUNE 16, 2021

The total number of homes under construction increased 1.2% — the 12th consecutive monthly increase and its highest level since 2007. How real estate agents can alleviate consumer pain points in a tight market. Permits for new construction by homebuilders dropped 3%, largely because lumber and building material costs kept prices high.

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Real Estate Agent Construction Real Estate Inventory 464