Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

Realtors 415

Realtors Buyers Inventory Sellers 415

Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

Inventory 488

Inventory Housing Market Realtors Mortgage 488

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.

Inventory 543

Inventory Law Housing Market Design 543

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

Inventory 506

Inventory Housing Market Marketing Realtors 506

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.

Housing Market 533

Housing Market Marketing Inventory Mortgage 533

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 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. Inventory is always seasonal. Today inventory levels are at 1.02

Housing Market 518

Housing Market Marketing Inventory Realtors 518

Housing Wire

AUGUST 28, 2023

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. Similar to 2022, some 63% of non-appraiser members cited a lack of inventory among their greatest obstacles, followed by rising prices and declining affordability (54%).

Appraisal 367

Appraisal Logistics Valuation Appraisal Process 367

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. Unsold inventory sits at a 2.0-month

Housing Market 481

Housing Market Marketing Inventory Mortgage 481

Housing Wire

DECEMBER 3, 2021

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. We know refinance volumes will dry up due to rising rates, borrowers not exiting their homes due to the reduced inventories.

Inventory 382

Inventory Loan Officers Clients Mortgage 382

Housing Wire

MAY 5, 2022

It’s not time to sound the alarms, and there’s no indication that another housing market crash, circa 2008, is about to happen, but there are signs and signals everywhere suggesting that the decade-long boom in home sales may be running out of steam. compared to the previous year, according to the California Association of Realtors.

Housing Market 369

Housing Market Marketing Inventory Buyers 369

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? In 2008, many people lost their homes when the housing bubble burst. Why Is U.S.

Inventory 68

Inventory Construction Real Estate Renovations 68

Housing Wire

DECEMBER 1, 2022

Interest rates are at their highest level in 20 years, and housing inventory is only at about a quarter of what it was in 2008, according to National Association of Realtors Chief Economist Lawrence Yun. Why smart home technology now? More people are renting but still seeking the premier amenities enjoyed by homeowners. “We

Technology 543

Technology Property Management Marketing Investors 543

Housing Wire

JANUARY 12, 2022

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020.

Inventory 536

Inventory Mortgage Housing Market Marketing 536

Housing Wire

JUNE 16, 2022

So far, the short-term fed funds rate that the Fed directly controls has risen by 175 basis points but the 30-year fixed rate mortgage has risen by nearly 300 basis points, said Lawrence Yun, chief economist at the National Association of Realtors (NAR). In its June report, the MBA forecast total originations at $2.4 trillion in 2022 and $2.3

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

MAY 25, 2023

The National Association of Realtors (NAR) estimates that baby boomers made up roughly 39%, or 2.32 Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems. According to data from Statista , there were roughly 5.95 million homes bought and sold in the U.S.

Loan Officers 383

Loan Officers Real Estate Agent Real Estate Finance 383

Housing Wire

APRIL 11, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 497

Inventory Housing Market Marketing Modernization 497

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 We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings.

Insurance 379

Insurance Inventory Marketing Real Estate 379

Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 404

Inventory Housing Market Marketing Modernization 404

Empire Appraisal Group

JANUARY 4, 2023

Florida Realtors. The start of the year, of course, is when homeowners and real estate agents start to bring new inventory to market. Even if sellers don’t come out in quite their usual numbers this year, there may still be enough additional inventory to push home prices down. What Could Make Home Prices Drop in 2023?

Inventory 78

Inventory Open Houses Sellers Real Estate 78

Empire Appraisal Group

OCTOBER 28, 2021

Exuberant buying – with multiple offers and bidding wars – has become common across the country, reminiscent of the fevered market before the 2008 housing crash. In the years before 2008, mortgage lenders made subprime loans to borrowers without verified income or adequate down payments while pushing risky loan products. MCLEAN, Va.

Inventory 78

Inventory Housing Market Construction Real Estate 78

Lamacchia Realty

JUNE 10, 2022

For the first time in years inventory is at the same level as the year prior as depicted in the chart above, and single families are higher as depicted in the chart below. The informed consumer should not be misled into thinking that this means we’re going to endure a major housing correction or 2008-like scenario.

Marketing 62

Marketing Sellers Buyers Inventory 62

Empire Appraisal Group

JUNE 2, 2022

Florida Realtors. The biggest area of concern for researchers is how the housing market is diverging from basic market fundamentals like mortgage rates, inventory and income. Researchers warned that the last time the housing market saw such exuberance was before the crash of 2008. Is FOMO Fueling the Real Estate Market?

Real Estate 78

Real Estate Marketing Housing Market Investors 78

Lamacchia Realty

DECEMBER 28, 2021

The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. In fact, our REALTORS had multiple properties that had over 30 offers! Even though the inventory of homes for sale at any given time all year stayed lower than ever, it did not decrease sales overall.

Sellers 74

Sellers Inventory Buyers Realtors 74

Cornerstone

FEBRUARY 15, 2022

The housing crash of 2008 resulted in more than nine million households losing their homes to a short sale, foreclosure, or bank surrender. When the market was flooded with foreclosures in 2008, these homes only added to the surplus of homes listed for sale. Don’t expect a wave of foreclosures: 5 supporting factors. Bottom line?

Loan Officers 59

Loan Officers Housing Market Inventory Mortgage 59

D Fritz Appraisals

JULY 7, 2021

In an article by the Vancouver Island Free Daily, pent-up demand and extremely low inventory have also been driving factors for the rapid-fire sales. Factoring into this decrease is a rise in mortgage interest rates. These buyers tend to believe that these prices are the new normal and this is their chance.

Real Estate 136

Real Estate Buyers Appraisal Investors 136

Lamacchia Realty

APRIL 15, 2022

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. Low rates, even lower inventory, maxed out demand, and anemic supply remained the name of the game for well over a year until this past winter, when it truly plunged to incredible lows.

Marketing 66

Marketing Sellers Buyers Inventory 66

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. It was also a clear rebuke of the theory that the Covid pandemic would cause a similar crash to 2008. to 9,796.

Inventory 51

Inventory Sellers Buyers Real Estate 51

Lamacchia Realty

JULY 26, 2023

That said, inventory levels are still not high enough to match demand so prices haven’t fallen as many were afraid and expecting to happen, though their rate of increase has substantially diminished. To learn more about inventory, click on the chart on the right. Listings are down and inventory is still historically low.

Sellers 57

Sellers Inventory Buyers Contracts 57

Eppraisal

MAY 12, 2021

According to the National Association of Realtors (NAR) existing home sales are -3.7% This is a direct result of the historically low inventory of homes available for sale as buyers are competing for homes. As some fear another recession, rest assured, the economy is not like it was when we experienced the last recession in 2008.

Sellers 67

Sellers Real Estate Buyers Home Value 67

Houston Properties

JANUARY 12, 2022

While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). This is more concerning now that 71% of Houston Realtors have sold less than 5 homes in their entire career. I May Need To Sell.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

SEPTEMBER 12, 2023

We’re just trapped in this equilibrium of low inventory, house prices not coming down, high mortgage rates and current owners who have a strong incentive to just sort of stay where they are and wait this out.” Inventory was little changed from July to August. months’ inventory, down from 1.5 Condo inventory stayed at 1.8

Finance 68

Finance Inventory Construction Buyers 68

Housing Wire

DECEMBER 20, 2023

From the National Association of Realtors (NAR): Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – elevated 0.8% NAR: Total housing inventory at the end of November was 1.13 Unsold inventory sits at a 3.5-month months in 2008. months in 2008.

Housing Market 439

Housing Market Marketing Inventory Realtors 439

Listing Spark

OCTOBER 13, 2022

There is more inventory available and home sales are down. months of inventory, well below a balanced market of 6 months of inventory. In 2008, Austin and a lot of parts of Texas came out relatively unscathed.”. [00:08:58] 00:19:04] Why the current housing market is different than what happened in 2008.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Will Springer Realtor

JANUARY 10, 2023

Will Springer, Realtor®. The number of Pendings (1206) has fallen for five consecutive months and is the lowest of any month since December 2008 (1167). The general softening of prices comes despite tight inventory, even when factoring out canceled and expired listings that typically take place in November and December.

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

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

Housing Wire

DECEMBER 13, 2022

The National Association of Realtors predicts there will be 4.78 Back in 2008 there were 8 million job losses in a single year,” Yun said. Yun also noted the difference in inventory conditions today compared to 2007 and 2008 when there were about 4 million homes on the market. million existing home sales in 2023, down 6.8%

Realtors 403

Realtors Mortgage Housing Market Real Estate 403

Eppraisal

APRIL 27, 2021

This is mostly due to the low inventory of homes available for sale. The National Association of Realtors estimates that the annual median home prices will increase by 8% in 2021 and by 5.5% They will eventually level off, but a housing crisis like the one in 2008 isn't likely.

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Property Taxes Home Value Landlords Insurance 50