Eyes on Housing

NOVEMBER 21, 2023

Existing home sales in October fell to the lowest level since August 2010, as limited inventory and higher mortgage rates continued to weigh on homebuyers, according to the National Association of Realtors (NAR).

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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.

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Housing Wire

SEPTEMBER 28, 2023

in August, according to data released Thursday by the National Association of Realtors (NAR). Realtor.com Senior Economic Research Analyst Hannah Jones said that the early fall market benefits from “a build up in inventory left over from the summer as buyer demand fades, as well as below-peak prices.” All four regions of the U.S.

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Housing Market Contracts Government Buyers 441

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. million in 2010. The NAR report also found that as a group, the share of first-time homebuyers dropped to a record low of 26% from 34% last year, and off the peak of 50% in 2010.

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Buyers Sellers Real Estate Agent Real Estate 364

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. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers.

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Housing Market Realtors Buyers Inventory 422

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 360

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 Market Marketing Inventory Mortgage 539

Housing Wire

NOVEMBER 19, 2020

The latter is a big deal for the roughly 650,000 Californians who, since 2010, have received a tax break allowing them to maintain their relatives’ low property taxes when they inherit the home. The measure, which was supported by the California Association of Realtors (to the tune of $35.7 vote , a pro-Prop 19 website.

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Property Taxes Realtors Inventory Law 464

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 520

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

APRIL 28, 2022

Despite the acute inventory shortage, the National Association of Realtors estimated this week that 5.6 million last year, but higher than any year between 2010 and 2019. When inventory gets tighter, Schneider said, “Higher-end agents get a bigger share of the volume.”.

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Mortgage Brokerage Agents Real Estate Agent 353

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 Market Marketing Inventory Mortgage 482

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. million, up from 1.03 million last year.

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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. According to the Hilton Head Area Association of Realtors , the median home sale price jumped 15.3% Right now, the market has low inventory and when something good comes on the market there is a flood of activity.”

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Housing Market Marketing Real Estate Agent Real Estate 386

Housing Wire

APRIL 30, 2021

from 2010, per a recent U.S. ” Diaz said that, on average, 250 people are relocating to Scottsdale and Maricopa County a day, and inventory just can’t keep up. Over the past 10 years, Arizona has enjoyed the ninth-largest population increase in the past 10 years, up 11.8% Census report.

Housing Market 543

Housing Market Marketing Real Estate Real Estate Agent 543

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

JULY 26, 2021

The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. And the National Association of Realtors reported that, for the first time in a generation, housing prices rose in each of the 181 metro areas it tracks at the end of last year.

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Mortgage Lending Real Estate Agent Government 498

Housing Wire

JUNE 17, 2021

“People moving into Phoenix from California, Oregon, Washington and even the Midwest are flooding the market, depleting inventory and pushing up prices,” said Vincent Shook, a Redfin agent based in Phoenix. from 2010, per a recent U.S. Prices in Las Vegas (up 18.4% to $355,000) and Miami (up 24.3% Census report.

Housing Market 441

Housing Market Real Estate Marketing Realtors 441

Housing Wire

JANUARY 7, 2022

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. By the numbers, Springfield is dealing with a similar high-demand, low-inventory quandary as the rest of the country, though with lower prices.

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Housing Market Marketing Real Estate Agent Agents 351

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.

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Inventory Mortgage Housing Market Marketing 536

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

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?

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Inventory Housing Market Marketing Modernization 497

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

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 Compare that to the 2010 demographic chart below, when that blue bump was still too young to kick in. Also, we are starting the year with fresh new all-time lows in inventory. million and 6.16

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Inventory Housing Market Buyers Investors 472

Housing Wire

AUGUST 22, 2023

That’s reflected in today’s existing home sales report by the National Association of Realtors (NAR), where they fell again. Two factors are driving current sales activity – inventory availability and mortgage rates,” said NAR Chief Economist Lawrence Yun. Unsold inventory sits at a 3.3-month million in July 2022).

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Sellers Marketing Inventory Housing Market 365

McKissock

OCTOBER 26, 2020

The Maine Association of Realtors’ monthly report says the median home sale price is up 17.4 This is partly because Maine has historically lacked a high inventory of larger properties, he adds. Our business has grown every year since 2010 and would have grown more if not hampered by low inventory. “In

Buyers 61

Buyers Sellers Agents Inventory 61

Housing Wire

OCTOBER 20, 2022

Higher mortgage rates continued to impact home sales over the last month, with existing home sales declining in September for the eighth consecutive month, according to a report from the National Association of Realtors (NAR). . Housing inventory also decreased last month, but just slightly, dropping from 1.25 million the month prior.

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Inventory Mortgage Contracts Realtors 384

Housing Wire

MARCH 9, 2022

From 2010 to 2020, middle-income households gained $2.1 trillion in housing wealth, according to a new study by the National Association of Realtors , released on Wednesday. in 2010. .” in 2010 to 29.8% NAR defined a middle-class homeowner as one earning an income of over 80% to 200% of the area median income.

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Home Value Realtors Marketing Inventory 433

Boston Appraisal

JULY 6, 2020

This was the lowest level since July, 2010 and is part of a three-month decline in sales. As can be imagined, they stated that there will continue to be a high demand for medical office space, regional manufacturing facilities and associated logistics, along with storage space for companies with lean supply chains and low inventory cover.

Real Estate 78

Real Estate Marketing Supply Chain Investors 78

Boston Appraisal

JULY 6, 2020

This was the lowest level since July, 2010 and is part of a three-month decline in sales. As can be imagined, they stated that there will continue to be a high demand for medical office space, regional manufacturing facilities and associated logistics, along with storage space for companies with lean supply chains and low inventory cover.

Real Estate 78

Real Estate Marketing Supply Chain Investors 78

Houston Properties

JANUARY 13, 2021

Top Ranked Realtors: Paige Martin & The Houston Properties Team. We also believe these trends will create limited appreciation for inner loop neighborhoods known for small lots, choppy floor plans, with lots of construction from the 1990’s – 2010, especially zoned to not-top-ranked schools. I May Need To Sell.

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Housing Market Marketing Real Estate Realtors 68

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. So, that is my focus for the last two reports and the weekly tracking of inventory.

Inventory 523

Inventory Housing Market Buyers Investors 523

Housing Wire

SEPTEMBER 30, 2020

A report by the Latino Donor Collaborative found that Latino GDP grew 72 percent faster than non-Latino GDP over the entire period from 2010 to 2018. The National Association of Realtors saw the median home price jump 8.5% While barriers, these goals are not unachievable.

Inventory 458

Inventory Real Estate Realtors Lending 458

Housing Wire

JUNE 16, 2021

The National Association of Realtors says the current state of the housing market is absolutely “dire,” the consequence of a housing shortage 30 years in the making. between 2010 and 2020 fell 6.8 Existing-home inventory at the end of April totaled just 1.16 In the past 20 years, the U.S. in the last decade.

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Housing Market Marketing Construction Development 535

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

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 81

Will Springer Realtor

DECEMBER 19, 2023

We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises.

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Real Estate Buyers Sellers Inventory 68