Housing Wire

SEPTEMBER 19, 2023

Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still. This “higher for longer” conventional wisdom is working its way through the housing market. This change in buyer expectations is adding to the slowness right now. Up to 36.6%

Housing Market 400

Housing Market Marketing Inventory New Listings 400

Housing Wire

JANUARY 16, 2023

The weekly data shows some good news for the housing market ! With mortgage rates also falling, I am hopeful that more people will list their homes and buy another, so we can get back to a more functional housing market. But after this week’s report, we should have a low-level base formed for housing to stabilize.

Inventory 530

Inventory Housing Market Marketing Mortgage 530

Housing Wire

OCTOBER 1, 2022

However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5

Realtors 373

Realtors Housing Market Marketing Buyers 373

Housing Wire

JUNE 28, 2022

This data line lags the current housing market as it’s a few months old. Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. Even today, the MBA purchase application index is below 2008 levels. The reality is that home sellers and builders had too much pricing power.

Housing Market 446

Housing Market Marketing Inventory Investors 446

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. didn’t go into recession until 2008. As you can see in the chart below, there is a big difference between these two different historic housing economic cycles.

Inventory 508

Inventory Housing Market Marketing New Listings 508

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 411

Inventory Law New Listings Sellers 411

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. Today, the average is 2.7

Realtors 403

Realtors Buyers Inventory Sellers 403

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 502

Inventory New Listings Housing Market Sellers 502

Housing Wire

JUNE 10, 2022

We can’t just show homes; we have to be a professional real estate business, which means being able to have real conversations when buyers and sellers ask us questions like, “Did we miss the market?” “Are Are we in a housing bubble?” However, it’s the sellers and buyers that we are working with whom really matter.

Sellers 379

Sellers Housing Market Inventory Buyers 379

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I These rising costs are understandably impacting the ability or willingness of some buyers to purchase specific properties. Literally since Jan.

Insurance 358

Insurance Inventory Marketing Real Estate 358

Housing Wire

MARCH 21, 2023

. “His deep understanding of global economies, real estate markets, technology, consumer demographics, and investments will further enhance our ability to empower, educate, and equip real estate agents as the housing market continues to evolve.”

Real Estate 380

Real Estate Real Estate Agent Housing Market Agents 380

Housing Wire

APRIL 25, 2023

The truth is, it’s not 2008 all over again. I understand the lure of the housing 2008 story. 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.

Inventory 457

Inventory Housing Market Construction Marketing 457

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 458

Inventory Marketing Housing Market New Listings 458

Housing Wire

JULY 25, 2023

One of my recent new home buyers got their final quote on a property a 30-minute drive from the coast and it had gone up 40% from a year ago. The rising costs and lack of availability of homeowners insurance has forced many homeowners and buyers to turn to Citizens Property Insurance Corporation , the state’s insurer of last resort.

Insurance 334

Insurance Housing Market Marketing Agents 334

Housing Wire

SEPTEMBER 13, 2022

However, we have entered a tricky period in housing economics where we might have to take this premise more seriously since mortgage rates recently got as low as 2.5% It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move. Can you blame home sellers?

Mortgage 512

Mortgage Inventory New Listings Sellers 512

Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., Though demand typically cools in the early winter months, CoreLogic deputy chief economist, Selma Happ, said housing once again exceeded expectations. How manufactured homes can help alleviate the affordable housing crisis.

Inventory 544

Inventory Housing Market Buyers Sellers 544

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. This is a positive for housing in 2024 as most sellers are buyers.

Housing Market 400

Housing Market Inventory Contracts Marketing 400

Listing Spark

JUNE 21, 2022

Unless you’ve been living underneath a rock, you have likely heard talks of a housing market bubble that could burst at any moment. The real estate industry has been experiencing some shifting trends lately, and when compared to the last crash, there are plenty of factors that make this time different from 2008.

Sellers 69

Sellers Housing Market Marketing Inventory 69

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.

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Housing Market Finance Marketing Mortgage 329

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 488

Inventory Housing Market Construction Marketing 488

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. There is one simple reason for this: it’s not 2008. While the two charts above are falling noticeably, housing completion data is slowly moving up.

Construction 465

Construction Housing Market Inventory Mortgage 465

Housing Wire

OCTOBER 3, 2022

The housing market has not seen such a significant two-month drop in prices since shortly after the collapse of Lehman Brothers in winter of 2008, Black Knight said on Monday. The market grew from just 1.7 “Some may be waiting out the market to see if demand – and prices – return in the spring.” .

Inventory 523

Inventory Home Value Housing Market Mortgage 523

Housing Wire

FEBRUARY 8, 2024

Despite the population decline, Illinois’ housing market remains relatively strong. The state has an Altos Research Market Action Index score of 44, which is above the national score of 39. Altos considers anything above 30 to be indicative of a seller’s market. Across the state, as of Feb.

Inventory 366

Inventory Agents Housing Market Luxury Properties 366

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 418

Inventory Construction Housing Market Mortgage 418

Housing Wire

APRIL 11, 2023

We reached out to Panos to learn more about how she and her team are adjusting their strategies based on the current housing market and what projects she’s looking forward to in 2023. HousingWire: How have the current mortgage rate and inventory challenges impacted the direction of Corcoran’s marketing strategies?

Marketing 330

Marketing Agents Inventory Sellers 330

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. We have had some conflicting data points recently. On the one hand, cancelation rates have been rising.

Mortgage 529

Mortgage Construction Buyers Inventory 529

Housing Wire

AUGUST 24, 2023

What does it mean for the housing market ? However, persistently high mortgage rates pose a significant affordability challenge to buyers and sellers (not to mention the workers of a trillion dollar-plus industry). In July, 26% of existing homes sold to cash buyers while 7% of new homes sold to cash buyers.

Mortgage 362

Mortgage Property Taxes Investors Buyers 362

Cleveland Appraisal Blog

MAY 18, 2023

I was talking to a real estate agent recently who said that her sellers are scared about a significant downturn in the market and missing out on the higher values. You’ve got to move fast if you’re going to buy a home in this market! The housing market is in a catch twenty-two. Have a great weekend!

Inventory 333

Inventory Real Estate Agent Appraisal Real Estate 333

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. I have documented the history of these housing price crash addicts for a decade now. Case in point, purchase application data is already below 2008 levels today.

Inventory 380

Inventory New Listings Law Housing Market 380

Housing Wire

JUNE 20, 2023

As I have said many times over the last few months, the builders are efficient sellers and they’re taking advantage of an existing home sales market that is suffering from low inventory and higher mortgage rates. Can you imagine a housing market with mortgage rates at 5% instead of 7%?

Housing Market 422

Housing Market Construction Sellers Marketing 422

Cleveland Appraisal Blog

OCTOBER 14, 2021

Others have expressed concerns that we are headed for a housing crash, like in 2008. Let’s talk about the difference between today’s market and the one during the years leading up to the bursting of the housing bubble in the Great Recession of 2008. THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008.

Inventory 243

Inventory Market Value Appraisal Contracts 243

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 435

Mortgage Inventory Housing Market Construction 435

Empire Appraisal Group

JULY 14, 2022

“Record levels of home equity provide financial security for millions of families and minimize the chance of another housing market crash like the one we saw in 2008. But these higher home prices and rising interest rates make it extremely challenging for first-time buyers to enter the market.”.

Sellers 78

Sellers Marketing Market Value Realtors 78

Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. I have been talking about the range of inventory that I need to see to remove the ‘ savagely unhealthy’ housing market theme. million, we will be in a much better place for housing. But, there is one bright spot — inventory is rising.

Inventory 505

Inventory Housing Market Marketing Realtors 505

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. Sale Price to List Price Ratio.

Housing Market 83

Housing Market Marketing Inventory Sellers 83

Housing Wire

DECEMBER 22, 2021

million , that would mean it’s a good year for housing demand. million , so every single existing home sales print in 2021 has been higher than what we closed in 2020 — which was higher than any single year from 2008 to 2019. From NAR : In November, the median existing-home price for all housing types was $353,900, up 13.9%

Inventory 451

Inventory Housing Market Investors Marketing 451

Housing Wire

NOVEMBER 27, 2023

Even in the worst housing bubble crash of our lifetime in 2008, the number of new homes for sale was under 200,000. From Census : New Home Sales : Sales of new single‐family houses in October 2023 were at a seasonally adjusted annual rate of 679,000, according to estimates released jointly today by the U.S. On to the report.

Construction 417

Construction Buyers Mortgage Inventory 417