Housing Wire

NOVEMBER 4, 2022

The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%. Conversely, White and Hispanic Americans experienced gains in buyer shares. million in 2010. ” The Hispanic population reached 62.5

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Buyers Sellers Real Estate Agent Real Estate 364

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.” ” 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.

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Inventory New Listings Housing Market Sellers 519

Housing Wire

SEPTEMBER 28, 2023

Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said. Some would-be home buyers are taking a pause and readjusting their expectations about the location and type of home to better fit their budgets.”

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Housing Market Contracts Government Buyers 441

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 360

Housing Wire

JUNE 21, 2022

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. Inventory skyrocketing back toward historical norms of 2 million to 2.5 Unsold inventory sits at a 2.6-month

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Housing Market Marketing Inventory Mortgage 539

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 422

Housing Wire

FEBRUARY 15, 2024

were 65 and older as of 2020, up from 13% in 2010,” the report reads. Homeowner tenure is projected to remain flat, but a larger share of homeowners remaining in place is also contributing to an inventory shortage, according to the report. Older generations have an outsized level of influence over the U.S.

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Property Taxes Insurance Construction Inventory 455

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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Agents Buyers Sellers Inventory 397

Housing Wire

SEPTEMBER 8, 2022

This can lead to home prices getting out of control , especially when total inventory gets to all-time lows. 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 543

Housing Wire

FEBRUARY 9, 2022

One thing is certain: potential buyers of all ages are not happy about the current market conditions. It’s simple: inventory levels were at all-time lows in 2021 and they just got worse in 2022, don’t make it any more complicated than that. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers.

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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. It’s simple: inventory levels were at all-time lows in 2021 and they just got worse in 2022, don’t make it any more complicated than that. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers.

Inventory 370

Inventory Buyers Sellers Investors 370

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. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5

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Inventory New Listings Law Housing Market 382

Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and 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%.

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Realtors Housing Market Marketing Buyers 388

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

Housing Market 520

Housing Market Marketing Inventory Realtors 520

Housing Wire

JUNE 8, 2022

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 The “shadow inventory” was not an issue as it took years to get rid of the distressed supply from the housing bubble years. million of inventory is normal.

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Inventory Housing Market Marketing Mortgage 545

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. As you can see in the chart above, days on the market falling isn’t a good thing, but it’s the reality of the world we live in after 2010. In 2007, for context, we were a tad above 4 million.

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Housing Market Marketing Inventory Mortgage 535

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. However, this growth has come at a cost.

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Housing Market Marketing Real Estate Agent Real Estate 386

Housing Wire

APRIL 28, 2022

A combination of home price appreciation, inflation, and low housing inventory continued to dent homebuyers’ ability to buy homes in March. 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. the previous month.

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Mortgage Inventory Buyers Marketing 362

Housing Wire

APRIL 20, 2022

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. However, post-2010, we have had times when housing demand has gotten softer with higher mortgage rates. 2014 was the last year total inventory grew.

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Housing Market Marketing Inventory Mortgage 482

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. From a buyer’s perspective, it couldn’t be worse. Mortgage rates are high, home prices are high, there’s no inventory.”

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Sellers Buyers New Listings Inventory 60

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.

Housing Market 351

Housing Market Marketing Real Estate Agent Agents 351

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

MARCH 23, 2023

If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 All this is happening while housing permits have fallen noticeably from the recent peak.

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Inventory Housing Market Construction Marketing 541

Hank Miller Team

MARCH 21, 2022

The 2022 market could not be more different than the 2010-12 market.over 100K homes were on the market during the darkest days. Rising rates, rising rents, diminishing inventory and corporate investors are in the mix. The lack of inventory and sustained demand pushed list and sale prices to historic highs.

Real Estate 98

Real Estate Marketing Sellers Inventory 98

Housing Wire

FEBRUARY 8, 2021

In today’s low-inventory environment, complicated by external factors such as forbearance and foreclosure moratoriums, it’s crucial for real estate agents and brokers to be proactive in order to grow their business. Today, inventory levels are at all-time lows, and the purchase application data index is above 300.

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Housing Market Marketing Government Real Estate Agent 544

Lamacchia Realty

JANUARY 25, 2024

This created an extreme scarcity of inventory and contributed to elevated prices, but it also led to a 22% decrease in the number of sales, leaving buyers eager. The resilience can be attributed mostly to the decrease in inventory. A significant drop in inventory has caused prices to continue their ascent.

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Inventory Sellers Buyers Contracts 52

Housing Wire

APRIL 20, 2023

months’ worth of housing inventory in the U.S. NAR: First-time buyers were responsible for 28% of sales in March; Individual investors purchased 17% of homes; All-cash sales accounted for 27% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 29 days. We only have 2.6

Inventory 524

Inventory Housing Market Marketing New Listings 524

Hank Miller Team

NOVEMBER 8, 2021

The two main drivers; low mortgage rates and historically low inventory. It’s been lagging since the crash of 2010 as builders worked thorough those years of turmoil. Many expect these issues to be worked out for 2022 and builders to be key in boosting housing inventory.

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Supply Chain Inventory Housing Market Government 98

DataMaster

FEBRUARY 25, 2021

In the last year their price tags have jumped to levels that worry first-time buyers and would-be upgraders. Between 2010 and 2017, homeownership rates increased only among adults aged 65 and older. Eighty-one percent of all home buyers have bachelor degrees or higher with similar numbers in the Millennials group.

Inventory 174

Inventory Buyers Construction Supply Chain 174

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. Losing both, he decided to wait for the "spring" market because he knows that prices will come down as inventory increases.

Buyers 40

Buyers Inventory Mortgage Marketing 40

Empire Appraisal Group

FEBRUARY 25, 2021

In 2010, owners stayed for 8.7 NEW YORK – Housing market inventory remains tight as homeowners hold onto their homes longer. years in 2019 – but well ahead of 2010’s reading of 8.7 years in 2019 – but well ahead of 2010’s reading of 8.7 Source: Why Aren’t Homeowners Selling? Lots of Good Reasons | Florida Realtors.

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Realtors Inventory Real Estate Sellers 60

Lamacchia Realty

JANUARY 30, 2024

Unlike what the Northeast experienced, South Florida inventory is up over 2022 and the second half of 2021. That said, the number of homes sold is down year over year, so it’s a true sign that the voracious buyer activity has slowed down and that this region is a bit ahead of the North in the market adjustment cycle.

HOA 49

HOA Inventory Buyers Contracts 49

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. How can housing inventory be so low today when it skyrocketed back in 2009? I don’t believe housing inventory below 1.52 What is going on here? housing market.

Inventory 509

Inventory Housing Market Construction Marketing 509

Empire Appraisal Group

OCTOBER 28, 2021

On the supply side, a decade of underbuilding of homes, regulatory barriers, high construction costs combined with people staying longer in their homes have kept housing inventory low. While I have been on record many times saying this housing cycle is the unhealthiest housing market post-2010, it’s not because we have a terrible credit boom.

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Inventory Housing Market Construction Real Estate 78

Will Springer Realtor

FEBRUARY 9, 2022

The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. Buyers with the deepest pockets may wait, however. home buyers.

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

FEBRUARY 13, 2024

Total inventory remains low, however, keeping prices higher on an annual basis. Annual sales across King County totaled 21,515 homes – down an incredible 24% from the year before and the fewest since 2010 (20,761). This indicates there may be higher turnover for homes hitting the market amid a growing number of buyers.

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New Listings Buyers Inventory Lending 54

Housing Wire

AUGUST 29, 2023

Renting remains an appealing option The rental market is a natural plan B for would-be buyers who are currently priced out of the sales market, noted Hannah Jones, Realtor.com’s economic data analyst in an email. The Midwest (+2.8%) continues to be the nation’s strongest region, followed by the Northeast (1.6%).

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Inventory Buyers Construction Marketing 369