Housing Wire

NOVEMBER 4, 2022

The National Association of Realtors (NAR) released a report on Friday that found 88% of all first-time homebuyers in the U.S. 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%. million in 2010.

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Housing Wire

MAY 10, 2022

As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process.

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Housing Wire

FEBRUARY 21, 2023

million, according to a report from the National Association of Realtors (NAR) released Tuesday. Before that, you have to go back to October 2010 to find total sales this low.” Inventory remains low, but buyers are beginning to have better negotiating power,” Yun added. from December to a pace of 4.00 in January.

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Inventory Buyers Housing Market Contracts 343

Housing Wire

FEBRUARY 18, 2022

The National Association of Realtors reported that existing home sales for January came in as a big beat at 6.5 When you add move-up, move-down, cash and investor buyers into the mix, you will have steady replacement buyer demand from 2020-to 2024. Also, we are starting the year with fresh new all-time lows in inventory.

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Inventory Housing Market Buyers Investors 460

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 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.

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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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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

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

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Housing Market Marketing Inventory Realtors 514

Housing Wire

NOVEMBER 22, 2021

The National Association of Realtors ‘ existing home sales report for October came in at a solid beat of estimates at 6.34 Not bad considering the low inventory and all that unhealthy home price growth we have seen since the start of 2020. Dear lord, this Micky Mouse act happens often, but the real driver of housing is mortgage buyers.

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Inventory Housing Market Buyers Investors 503

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. According to the Hilton Head Area Association of Realtors , the median home sale price jumped 15.3% But, I do believe it is going to be really competitive, and buyers are going to have to move fast to get a house.”.

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Housing Market Marketing Real Estate Agent Real Estate 364

Housing Wire

JANUARY 20, 2022

The National Association of Realtors reported that existing home sales for December came in as a miss of estimates at 6.18 As we are getting closer and closer to the spring selling season, we are at fresh new all-time lows in inventory and mortgage rates, and the unemployment rate is below 4% still. million to 6.2 million and 6.16

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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

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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. 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 526

Housing Wire

SEPTEMBER 30, 2020

The survey also noted evidence that predominantly Hispanic neighborhoods, or neighborhoods with a Hispanic population of 50% or more, saw more than double the amount of first-time home buyer activity than that of the rest of the country between the second quarter of 2019 and the second quarter of 2020.

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Inventory Real Estate Realtors Lending 438

Housing Wire

JANUARY 7, 2022

The agent said rich “mainland” residents replaced international buyers, who are restricted in their travel amid the pandemic. That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year.

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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. The Maine Association of Realtors’ monthly report says the median home sale price is up 17.4

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Buyers Sellers Agents Real Estate Agent 61

Empire Appraisal Group

FEBRUARY 25, 2021

Lots of Good Reasons | Florida Realtors. 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 years; in 2020, it was 13 years.

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Realtors Inventory Real Estate Sellers 60

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 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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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.

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Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. This suggests homes – while far fewer for sale than in recent years – are quickly being scooped up by those few available buyers. months’ inventory, down from 1.5

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Will Springer Realtor

DECEMBER 19, 2023

Buyers and sellers tiptoed through caution. We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. The limited supply of homes for sale pushed prices higher despite fewer buyers in the market. Um, bye-bye!

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Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines. months of inventory available in the county, down from 2.0 in September.

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Boston Appraisal

JULY 6, 2020

COVID-19 Impact on Buyers and Sellers These low loan rates are pushing buyers to risk virus exposure in search of better housing. This was the lowest level since July, 2010 and is part of a three-month decline in sales. This was the lowest level since July, 2010 and is part of a three-month decline in sales.

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Boston Appraisal

JULY 6, 2020

COVID-19 Impact on Buyers and Sellers. These low loan rates are pushing buyers to risk virus exposure in search of better housing. This was the lowest level since July, 2010 and is part of a three-month decline in sales. This was the lowest level since July, 2010 and is part of a three-month decline in sales.

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Real Estate Marketing Supply Chain Investors 78

Houston Properties

JANUARY 13, 2021

This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make. Buyers Beware? Top Ranked Realtors: Paige Martin & The Houston Properties Team. We expect a nationwide drop in home values as home inventory continues to shrink and we start to feel the economic impact of last year’s mishaps.

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Housing Market Marketing Real Estate Realtors 68

Assurance Financial

NOVEMBER 9, 2021

The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Buyer’s vs. seller’s markets are a matter of supply and demand.

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Appraisal Today

SEPTEMBER 8, 2023

Most recently, the 2010 build became one of the most expensive homes on the market when it hit the market in early August at the greatly reduced $26 million listing price. But whether the Woodstock, CT, chateau actually finds its next ruler, remains to be seen. After all, this isn’t the first time the unique property has been listed.

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Appraisal Contracts Business Construction 80

Will Springer Realtor

JUNE 9, 2021

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5

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Will Springer Realtor

APRIL 8, 2021

More buyers are making larger down payments. Buyers in the U.S. home was $313,000 through February, a sharp 16% higher from a year ago, according to the National Association of Realtors® (NAR). To help increase affordable housing inventory, lawmakers are reviewing whether to remove requirements that homeowners must live on-site.

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Inventory New Listings HOA Buyers 36

Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers. this year. >>

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Real Estate Inventory Buyers Construction 36

Will Springer Realtor

OCTOBER 11, 2022

Waller went on to say this adjustment is in no way like the horrific housing/financial crises of 2007-2010. At least buyers will have more options and time to weigh their decision to purchase a home – but at what cost to the bottom line? The next 12-24 months are likely going to be quite a challenge for prospective buyers.

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Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

AUGUST 9, 2021

“There is a strong desire for homeownership across this country, but the lack of supply is preventing too many Americans from achieving that dream,” said Lawrence Yun, chief economist for the National Association of Realtors® (NAR). >> The National Association of Realtors’® top economist forecast 2021 will end the year with 6.1

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Will Springer Realtor

MAY 9, 2022

That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. Sidenote: Adjustable-rate mortgages (ARMs), which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for new buyers financing a home.

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Architecture Design Buyers Construction 36

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. and ease to 4.9% in 12 months.

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Real Estate Buyers Construction Sellers 36

Will Springer Realtor

APRIL 11, 2022

This year’s buying and selling campaign will be marked by increasing inventory (good!), What does it mean to buyers? The impact is greatest on first-time buyers and lower-income households, which recently prompted housing advocates to urge the White House for further help on the issue of affordability. BY THE NUMBERS. >>

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Construction Development Inventory Buyers 36

Will Springer Realtor

JUNE 8, 2022

The rate today is the same as in the late 1960s, except during the housing bubble of 2008-2010 when ownership rose – and we know how that ended up! The multi-pronged effort includes legislative and administrative actions to increase the number of affordable units and overall inventory. That’s $811 higher than the same time last year.

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