Housing Wire

DECEMBER 20, 2023

However, this time around, the Federal Reserve rate hike cycle is over, and we don’t need to worry about Fed presidents going on CNBC in 2024 crying about 6% mortgage rates making their lives difficult. In 2023, we had one big bounce in sales and then sales trended lower all year long as mortgage rates went from 6% to 8%.

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Housing Wire

NOVEMBER 18, 2022

That’s the largest year over year existing home sales decrease since 2007. More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement. Unsold inventory sits at a 3.3-month

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Housing Market Marketing Inventory New Listings 386

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. Inventory is always seasonal. Today inventory levels are at 1.02 million and 1.93

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Housing Market Marketing Inventory Realtors 514

Housing Wire

MAY 18, 2023

If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022. In 2007, for context, we were a tad above 4 million. NAR Total Inventory Data going back to 1982. housing market inventory channels have changed due to how the U.S. Mortgage rates moving up and down have moved the market.

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Housing Market Marketing Inventory Mortgage 526

Housing Wire

MAY 3, 2023

The Federal Reserve (Fed) raised its key federal funds rate for the 10th consecutive time, announcing a 0.25% rate hike Wednesday to 5% to 5.25%, a level they have not reached since 2007. ” The Fed reiterated that it would continue to reduce its holdings of Treasury securities, agency debt and agency-backed mortgage-backed securities.

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Real Estate Agent Inventory Loan Officers Mortgage 370

Housing Wire

DECEMBER 3, 2021

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. Reina Ramos: I don’t have a favorite article but rather enjoy and appreciate the coverage HW provides on all subject matters that are affecting the mortgage industry as well as Realtors.

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Housing Wire

DECEMBER 29, 2020

Home prices have continued to increase this year as a result of low inventory and high demand for homes. How the mortgage industry is working together to make housing more affordable. million, according to the National Association of Realtors. The S&P CoreLogic Case-Shiller index covering home prices of all nine U.S.

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Housing Wire

DECEMBER 19, 2022

Also helping buyers is an increase in housing inventory, Ridenour Lindsey said. “It It is hard to tell if more homes are being listed or if things are just sitting a bit longer, but there is definitely more inventory,” she said. Ward said this slowdown has led to an increase in housing inventory. We have about 2.6

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Marketing Inventory Buyers Housing Market 322

Empire Appraisal Group

MAY 13, 2021

source: ‘This Isn’t a Bubble’ | Realtor Magazine. Lawrence Yun, chief economist of the National Association of REALTORS®, agrees. Housing inventories are low, credit remains tight, and lenders aren’t issuing risky loans at rates like they did back then. ‘This Isn’t a Bubble’. He told Axios last month: “This is not a bubble.

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Housing Market Realtors Inventory Finance 78

Lamacchia Realty

MARCH 26, 2024

As you can see in the chart below, Florida has the highest shift in rising inventory over the past twelve months. Source Condo inventory has been rising more than single families as sales have been decreasing since 2023. Source Inventory rises when more sellers are listing than buyers are buying.

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Bracketing HOA Sellers Buyers 60

Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Inventory didn’t increase at the rate most assumed it would.

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Bracketing Marketing Sellers Buyers 65

Listing Spark

JUNE 27, 2023

This sentiment is supported by the expectation of a majority of Americans that home prices and mortgage rates will either increase or remain the same over the next year 1. “The housing market has tilted sharply in favor of sellers amid increasing demand and ongoing low housing inventory.”

Real Estate 69

Real Estate Sellers Inventory Marketing 69

Empire Appraisal Group

JULY 6, 2022

The average interest rate on a 30-year fixed mortgage was 5.48% Thursday, an increase of 7 basis points over the past week, according to Bankrate.com. Still, most economists are not predicting the catastrophic housing crash of 2007-2009 when there was a surplus of homes nationwide and a market saturated with bad mortgages.

Marketing 78

Marketing Landlords Real Estate Tenants 78

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.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

McKissock

SEPTEMBER 7, 2021

Some early warning signs of housing market correction are: A) Listing inventory in MLS starts to climb steadily. Increasing inventory is generally a sign that buyers have stopped buying (due to prices being too high or a lack of consumer confidence), or there are just fewer ready, willing, and able buyers in the marketplace.

Marketing 71

Marketing Real Estate Appraisal Inventory 71

Lamacchia Realty

APRIL 15, 2022

Rates dropped to historic lows to keep buyers buying, prompting an influx of new applications and re-finances as obtaining a mortgage was more affordable than ever. 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. Available Inventory.

Marketing 66

Marketing Sellers Buyers Inventory 66

Lamacchia Realty

AUGUST 3, 2021

Inventory is still very tight despite a slight increase, and as you can see in the chart below from our Massachusetts Updates page , the percentage of homes placed under agreement out of total inventory is still higher than it ever has been but its noticeably lower than it was in the first six months of the year.

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Bracketing Sellers Buyers Inventory 68

Patch of Land

JULY 29, 2019

billion in 2017 — the highest dollar volume since 2007, according to ATTOM Data Solutions. billion, the highest level since Q2 2007 — over a 12-year high. Falling mortgage rates should help. Last fall, Realtor.com forecast that mortgage rates would end the year at 5.5 The Mortgage Bankers Association predicts a 2.8

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Finance Investors Real Estate Housing Market 46

Houston Properties

JANUARY 13, 2021

Top Ranked Realtors: Paige Martin & The Houston Properties Team. Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. In addition, mortgage rates are at an all-time low. Oil & Gas Having A Bigger Impact?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Houston Properties

JANUARY 12, 2022

This is more concerning now that 71% of Houston Realtors have sold less than 5 homes in their entire career. Best Houston Realtors: Paige Martin & The Houston Properties Team. "A good and experienced Realtor should protect their clients from making bad mistakes, specially when putting emotions over data.

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Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

JUNE 9, 2021

Adjustable-rate mortgages were cheap and easy to acquire, home prices were artificially inflated and supply plentiful. Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. Then the housing bubble burst.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

SEPTEMBER 8, 2021

That’s the most since 2007. There are no signs of a real estate crisis, particularly in the Puget Sound region, where prices keep rising – up about 20% the past year and 68% in Seattle alone since 2016, by one measure – amid a dearth of inventory and surge of buyers. And many of the new projects are larger than in years past.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

MAY 9, 2022

“This looks a lot like the housing boom that we saw prior to the 2007–09 financial crisis.” That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. home prices, up 14% year over year (YoY) by one measure, and escalating mortgage rates, which have risen about 2.1

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Architecture Design Buyers Construction 36

Assurance Financial

NOVEMBER 9, 2021

Because in a buyer’s market, there’s more housing inventory and lower prices, giving power to the buyer. In a market that favors buyers, sellers and their realtors have to put in a much greater effort to make their homes stand out through means of social media, open houses, and advertisements. Marketing Strategies.

Marketing 36

Marketing Sellers Buyers Real Estate 36

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. When you raise [mortgage] rates to the point they’re at today, it breaks the back of housing.”.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. of mortgages underwater); Multnomah County (Portland), Ore. points at 34.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

DECEMBER 8, 2021

housing starts, when builders break ground and lay a foundation, are forecast to finish this year at 1.04M single-family homes, the first time since 2007 the figure will exceed a million. The federal guarantors of most consumer mortgages have agreed to raise the borrowing limits on 30-year conforming loans. SCAM ALERT.

Sellers 36

Sellers Marketing Supply Chain Construction 36