Housing Wire

DECEMBER 8, 2021

2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. This type of sales growth — which couldn’t happen from 2008-2019, as I have often stated — is coming with a hefty price tag. 2020 and 2021 easily each have over 6.2

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Housing Wire

JANUARY 16, 2023

Housing inventory increased by 1,339 homes nationwide. The weekly inventory data, which had fallen faster than I had anticipated the last few weeks, has now seen a slight uptick. As you can see below, the waterfall dive in existing home sales has taken us toward the level of 2007-2008 monthly home sales.

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Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Inventory rising, historically low.

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Housing Wire

MARCH 26, 2023

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In a regular market, they would be closer to 5.25%.

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Housing Wire

AUGUST 18, 2021

The previous economic expansion from 2008 to 2019 had the weakest housing recovery ever following the bust. The post Why aren’t builders creating more housing inventory? Homebuilders are navigating their housing stock well to make sure not to give up too much on the margin side of the business in the future. Already a member?

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Housing Wire

MAY 3, 2024

Serious buyers showed discernment as they know inventory is growing. These buyers understand that more inventory is coming to the market and that they will have options. This scarcity in inventory acts as a safeguard against an imminent market crash, providing stability and support for continued price growth. With only 1.3

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Housing Wire

OCTOBER 8, 2021

That means Americans are more bearish on buying a home than they were during the home price crash following the 2008 recession. Renovated Inventory to the Rescue. Top Markets for Renovated Inventory. The post Top markets for affordable renovated housing inventory appeared first on HousingWire. Among 75 U.S. in Las Vegas.

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Housing Wire

APRIL 2, 2021

There is a desperate lack of inventory in the housing market right now, which is driving up home prices at an unsustainably rapid pace, MBA’s senior vice president and chief economist Mike Fratantoni noted. March signified the highest number of residential construction workers since 2008. Presented by: CreditXpert.

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Appraisal Buzz

JULY 8, 2022

Since entering conservatorship in 2008, Fannie Mae and Freddie Mac to date have assisted nearly 6.5 The post Q1 REO Inventory Increases 3% appeared first on DSNews. The post Q1 REO Inventory Increases 3% appeared first on Appraisal Buzz. million homeowners with foreclosure prevention actions.

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Housing Wire

JUNE 2, 2022

I always try to focus people on the total inventory data until we get inventory back into a range of 1.52-1.93 HousingWire: To add to that, since housing is in an inventory shortage, the market has changed, so the good news is inventory is growing. The big difference now than, let’s say, what we saw from 2002-2008.

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Housing Wire

DECEMBER 21, 2022

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.” Housing inventory. Today, inventory is almost 900,000 active listings below the lowest level of the four-decade average between 2 million and 2.5

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Housing Wire

JUNE 8, 2022

I have separated my work into two different time frames: 2008-2019 and 2020-2024. In the years 2008-2019 we saw the weakest housing recovery ever. 2012: What they said: Shadow inventory will cause prices to fall. The reality: Inventory broke down in 2012, and the monthly supply data got below 6.0

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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. Housing inventory issue with no booming demand. Case in point, purchase application data is already below 2008 levels today. million listings.

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Housing Wire

NOVEMBER 8, 2023

With home prices at all-time highs and concern that the labor market will break going into a recessionary period, is another 2008-style crash a possibility? Foreclosures and bankruptcy data One of the most prominent credit stress data lines I have ever seen came during 2005-2008. Is the U.S. headed for another housing bubble crash?

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Housing Wire

SEPTEMBER 8, 2022

People’s first reaction was to wonder if this was 2008 all over again. Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. That is what has happened here in the U.S.

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Housing Wire

JUNE 7, 2021

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. The previous economic expansion from 2008 to 2019 was the weakest housing recovery ever. Because that period followed a housing boom and bust when inventory was overbuilt.

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Housing Wire

DECEMBER 29, 2022

There are similarities and significant differences between the housing recession we’ve seen this year versus 2008, and looking at specific factors in both timeframes gives us an idea of what to expect in 2023. Let’s look at the recessionary factors we see now versus 2008. Housing inventory. Home sales.

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Housing Wire

MAY 18, 2023

If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022. NAR Total Inventory Data going back to 1982. housing market inventory channels have changed due to how the U.S. This is not, nor can it ever be, like 2008. If it was like 2008, you’re about four to six years too early in 2023.

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Housing Wire

JULY 6, 2022

This typically happens in a recession, however, the notion that credit lending in America will collapse as it did from 2005 to 2008 couldn’t be more incorrect, as we haven’t had a credit boom in the period between 2008-2022. The short (and long) answer is no, not a chance. It really is that simple, folks.

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Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter.

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Housing Wire

APRIL 25, 2023

However, the recent softness in home prices has raised questions about whether this is, “2008 all over again!” Mortgage underwriting standards were much tighter for the past decade than in the era preceding the 2008 financial crisis. This represents a significant differentiating factor from the last housing cycle.

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Housing Wire

AUGUST 13, 2023

Weekly active inventory grew slowly again and purchase apps were down week to week again. Weekly housing inventory The painful housing inventory story of 2023 continues as we had yet another week of slow inventory growth. Last week ended with a wild ride for mortgage rates. This year, it’s been a much different story.

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Housing Wire

AUGUST 22, 2023

The housing market continues to cool amid high mortgage rates , low inventory and rising property insurance rates. Elevated mortgage rates and low inventory As of August 17, mortgage rates surpassed 7% as U.S. bond yields hit their highest level since 2008. The National Association of Realtors (NAR) suggested a 2.2%

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Housing Wire

SEPTEMBER 26, 2023

Today’s housing market is very different from the one that led up to the 2008 financial crisis and ultimately a 20 to 40% home price correction. Inventory is still very low by historic standards and buyers who are able to handle higher mortgage rates are still finding the market very competitive.

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Housing Wire

NOVEMBER 11, 2022

For most parts of the country, home prices are holding steady since available inventory is extremely low,” Yun said. In turn, purchase inventory levels have stayed low in most markets. Housing inventory is about a quarter of what it was in 2008,” Yun said.

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Housing Wire

MARCH 26, 2024

This brought the total to 6.905 million since the start of the GSE conservatorships in September 2008, the FHFA foreclosure prevention and refinance report showed. The GSEs’ real estate-owned (REO) inventory decreased slightly to 10,902 in Q4, down from 11,019 in Q3 as REO dispositions outpaced acquisitions, the report noted.

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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. “Historically low inventory – along with record low interest rates – was one of the key drivers behind U.S. months of for-sale inventory to 3.1

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Housing Wire

OCTOBER 31, 2022

Then we saw an uptick in people filing for foreclosures and bankruptcy during an economic expansion from 2005 to 2008. All my six recession red flags were raised toward the end of 2006, and the recession didn’t start until later in 2008. Total inventory in America grew from 2000 to 2005 while demand grew. Today, we are at 1.25

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Housing Wire

MARCH 31, 2022

We aren’t anywhere close to the housing bubble dynamics we had from 2002 to 2008; that environment is simply impossible to replicate. Especially in a year when inventory has crashed to all-time lows and demand for those houses is still so high. This got smashed in two years, and inventory levels broke to all-time lows this year.

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Appraisal Buzz

APRIL 30, 2024

Since the inception of MBA’s Annual Performance Report in 2008, net production income by year has averaged 49 basis points ($1,117 per loan). Mortgage market conditions were challenging last year because of higher mortgage rates, low housing inventory, and weaker housing affordability.

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Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

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Inventory Housing Market Marketing Realtors 512

Housing Wire

OCTOBER 20, 2023

Inventory remains one of the driving forces in this difficult housing market. million existing home sales nationwide, the lowest number since the housing bubble burst in 2008. According to another study by Redfin , 2023 is poised to end with roughly 4.1

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Housing Wire

MAY 19, 2022

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 were told that population growth is slowing, we were told that Americans would panic sell and that massive inventory would hit the marketplace once rates got to 4%. Wait, what? I use the 1.52-1.93

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Housing Wire

DECEMBER 7, 2022

Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22 million Historically inventory levels range between 2 million and 2.5

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Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

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Housing Wire

AUGUST 23, 2020

After all, the giant cohort of potential homebuyers now in their late 20s and early 30s was also the generation fresh out of college trying to find a job as the market was crashing in 2008.

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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.

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