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. But one positive reason for the low inventory is that homeowners have great financials and aren’t being forced to sell their homes out of stress. NAR: Total existing-home sales receded 4.3%

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Inventory Housing Market New Listings Buyers 491

Housing Wire

NOVEMBER 22, 2023

The number of home sales in 2023 will likely be at its lowest level since 2010, and while sales activity will pick up in 2024, transactions will still be below average. Consumers will reset their expectations, and as rates move lower, there will be both more buyers and more sellers in the market. In a typical year, there are about 5.2

Housing Market 485

Housing Market Marketing Inventory Sellers 485

Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. While circumstances for buyers remain tight, home sellers have done well as prices continue to rise year-over-year, including a new all-time high for the month of October,” Yun said. “In

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Inventory Realtors New Listings Contracts 410

Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. One such measure is who is entering the market.

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Realtors Buyers Inventory Sellers 432

Housing Wire

FEBRUARY 15, 2024

were 65 and older as of 2020, up from 13% in 2010,” the report reads. Long homeowner tenure, particularly among baby boomers, is an obstacle for young first-time buyers trying to break into the market,” the report read. “A Older generations have an outsized level of influence over the U.S.

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Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.

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Housing Wire

DECEMBER 28, 2022

Home Prices will fall, but don’t expect 2010. There will be two key differences between 2023 and 2010. Next year we are going to see inventory continue to accumulate as months-supply-of-inventory returns to levels in line with a balanced market (5-6 months) or possibly even buyers-market (6+months).

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Housing Market Marketing Inventory Mortgage 491

Housing Wire

MAY 10, 2022

These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process. The homeownership rate for Black Americans has actually declined between 2010 and 2020 and stands at 43.4%, while the homeownership rate for white Americans is 72.1%. While the homeownership rate in the U.S.

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Housing Market Realtors Buyers Inventory 450

Housing Wire

FEBRUARY 21, 2023

Before that, you have to go back to October 2010 to find total sales this low.” January sales reflect purchase contracts made in November or December, and there is evidence that in many markets, the housing market has bottomed out and buyers are beginning to return to the market.” Despite this industry analysts remain optimistic.

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Inventory Buyers Housing Market Contracts 370

Housing Wire

FEBRUARY 6, 2023

She joined Union Savings Bank as its regional vice president in 2010 and the Ohio Mortgage Bankers Association as its president in 2020, after being a member there for more than 10 years. PrimeLending currently operates in all 50 states in the U.S.

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Legal Mortgage Lending Buyers 383

Housing Wire

OCTOBER 1, 2022

Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies. All cash buyers now stand at 24%. Historically 2.5

Realtors 397

Realtors Housing Market Marketing Buyers 397

Housing Wire

JULY 29, 2021

The uptrend is new home sales working from the weakest housing recovery from 2008-2019 is still intact even with the extremely high cost through price inflation buyers had to deal with in 2020/2021.

Housing Market 534

Housing Market Marketing Buyers Mortgage 534

Housing Wire

JANUARY 6, 2021

Since COVID-19 has enforced more restrictions on open houses, Redfin allows buyers to unlock the door of most RedfinNow listings via the Redfin app and self-tour seven days a week from 8 a.m. Redfin isn’t new to town though – it has had agents based in Phoenix help clients buy and sell homes since 2010 with a listing fee as low as 1%.

Housing Market 458

Housing Market Marketing Open Houses Sellers 458

Housing Wire

APRIL 28, 2022

The trend of a decrease in homebuyer affordability is forecast to persist in the coming months, hitting first-time buyers the most. . last month, the highest since 2010. A combination of home price appreciation, inflation, and low housing inventory continued to dent homebuyers’ ability to buy homes in March. the previous month.

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Mortgage Inventory Buyers Marketing 370

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.

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Inventory New Listings Housing Market Sellers 528

Housing Wire

JANUARY 29, 2021

Last year, buyer demand increased due to record low mortgage rates. Low-interest rates are great for potential buyers. For example in 2010, the average home price in Denver, Colorado was $246,680. That said, because of those low mortgage rates, and fewer houses on the market, home prices went up. But will 2021 be the same?

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Property Taxes Sellers Buyers Mortgage 458

Housing Wire

APRIL 20, 2022

Rates increased across the board for all loan types, with the 30-year fixed rate hitting 5.2%, the highest level since 2010,” said Joel Kan, the MBA’s associate vice president of economic and industry forecasting. Home buyers have also seen their purchasing power erode, all while home prices keep rising.

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Housing Wire

MAY 20, 2022

Since 2010, Bluff ton’s population has nearly tripled to about 34,000 making it one of America’s fastest growing towns. This rapid increase in prices, coupled with local housing inventory dropping over 50% in 2021, has meant times are tough for buyers looking to settle in Bluffton. Where are all these buyers coming from, you ask?

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Housing Market Marketing Real Estate Agent Real Estate 410

Housing Wire

MAY 26, 2022

Some buyers who couldn’t qualify for a conventional mortgage turned to an ARM to make lower monthly payments. The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, created in direct response to the financial crisis, also makes the mortgage industry different from 14 years ago, according to market watchers.

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Loan Officers Housing Market Mortgage Buyers 397

Housing Wire

SEPTEMBER 8, 2022

So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand. The National Association of Realtors’ total Inventory data shows that historically we have between 2 to 2.5 million homes for sale, but in 2022 we got as low as 870,000 in total inventory.

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Inventory Law Housing Market Design 544

Housing Wire

JUNE 30, 2021

million people since 2010. “Sellers who are in the market right now are rushing to get under contract because they know buyers may start rethinking their decisions when fire season worsens,” Anderson said. In all, Utah’s population has increased by 3.3 What does the future of appraisals look like?

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Real Estate Agent Modernization Real Estate Agents 397

Housing Wire

JANUARY 7, 2022

The agent said rich “mainland” residents replaced international buyers, who are restricted in their travel amid the pandemic. One issue that comes from this, Curbow said, is that buyers are afraid to pursue their dream home. from 2010 to 2020, Peoria’s population dropped 2.5% “I sold a home to a hedge fund guy in New York.

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Housing Market Marketing Real Estate Agent Agents 397

McKissock

OCTOBER 26, 2020

That is if you’re representing the buyer, what should you look for in terms of that extra workspace? Buyers, he adds, need to watch the market carefully and be ready to pounce if a property comes on the market in a neighborhood they like. In today’s market, it’s more important than ever for agents to educate their buyers and sellers.

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Buyers Sellers Agents Inventory 61

Housing Wire

FEBRUARY 9, 2022

One thing is certain: potential buyers of all ages are not happy about the current market conditions. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers. So, I agree with the consumer survey and keep saying this is the unhealthiest housing market post-2010.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

One thing is certain: potential buyers of all ages are not happy about the current market conditions. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers. So, I agree with the consumer survey and keep saying this is the unhealthiest housing market post-2010.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

MAY 18, 2023

From NAR : First-time buyers were responsible for 29% of sales in April; Individual investors purchased 17% of homes; All-cash sales accounted for 28% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 22 days. housing market inventory channels have changed due to how the U.S.

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Housing Market Marketing Inventory Mortgage 539

Housing Wire

AUGUST 30, 2022

One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. The 2005 bankruptcy reform laws and the 2010 Qualified Mortgage laws, once passed, created an expansion that has produced the highest quality homeowners in our lifetime. New listings are declining now.

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Inventory New Listings Law Housing Market 384

Housing Wire

AUGUST 31, 2021

Since its founding in 2010, WFG National Title Insurance Company has worked to advance the real estate, mortgage lending and title industries, adding greater efficiency and accuracy to processes and a vastly improved experience for consumers.

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Real Estate Technology Development Design 284

Housing Wire

JUNE 21, 2022

Since March of this year, housing demand has been falling more and more, but inventory is still below the 2010, 2013, 2016, and 2019 levels, which is a nightmare. However, at 6% plus mortgage rates, we are seeing some real demand destruction as the most significant homebuyer in America, mortgage buyers, get hit with a double whammy.

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Housing Market Marketing Inventory Mortgage 540

Housing Wire

MAY 19, 2022

NAR Research : First-time buyers were responsible for 28% of sales in April; Individual investors purchased 17% of homes; All-cash sales accounted for 26% of transactions; Distressed sales represented less than 1% of sales; Properties typically remained on the market for 17 days. We still have some legs to move lower in sales.

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Housing Market Marketing Inventory Realtors 525

Housing Wire

JUNE 10, 2022

Buyer morale is at an all-time low for good reason. For the past two years, mortgage rates were at historic lows, giving buyers more purchasing power. One month later, the Mortgage Bankers Association (MBA) reported the 30-year fixed rate rose to 5.2% — the highest level since 2010. Compared to the average 3.2%

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Real Estate Buyers Mortgage Insurance 397

Hank Miller Team

MARCH 24, 2022

A 1 mortgage rate increase cuts home buyer affordability between 10-11. In January, Timmy had a very nice $450K home in his sights but was annoyed with the price and having to compete with other buyers. Some buyers, especially first timers, are already struggling; rising rates will likely be the knockout punch for several.

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Buyers Inventory Mortgage Marketing 40

Appraisal Buzz

FEBRUARY 14, 2022

In fact, Capital Public Radio reported that Oak Park’s black population dropped by 24% since 2010. And where would buyers be hunting for a home before shopping somewhere else? In other words, how much would buyers pay for a specific house in a specific location? That is a sobering stat, which is why this conversation matters.

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Appraisal Buyers Real Estate Legal 195

Will Springer Realtor

JULY 6, 2021

The Goodwin is the newest Belltown residential choice that is uniquely positioned for the modern buyer. Constructed in 2010 with high standards, the concrete-and-steel, eight-story structure was first opened as an apartment until owners decided to convert each unit and open as a condo later this year.

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Modernization Buyers Real Estate Development 36

Eppraisal

FEBRUARY 9, 2024

increase in millennial population between 2010 and 2020, according to data from the U.S. Charlotte: Banking Hub with Southern Charm Charlotte's millennial population grew by an impressive 23% between 2010 and 2020, driven by its affordable cost of living and strong job market, as reported by the Charlotte Business Journal.

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Housing Market Home Value Marketing Realtors 74

Housing Wire

OCTOBER 18, 2022

The report found that Black household homeownership rates are now below rates for all racial and ethnic groups since 2010. The report found a 30-percentage point gap in homeownership between Black and white households in the U.S.,

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Lending Mortgage Legal Design 421

Housing Wire

MARCH 10, 2021

From 2010 to 2016, for instance, the top five depositories saw mortgage origination fall from 64% to 25% , a loss of ~$500 billion in originations. Even though large banks could educate these potential buyers, community lenders are especially well equipped to take on this job.

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