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 million to return to normal.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

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

FEBRUARY 9, 2022

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. Now we’re in years 2020-2024 and not only has inventory dropped to all-time lows, but we’re also dealing with the most significant housing demographic patch ever recorded in U.S.

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Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

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. Now we’re in years 2020-2024 and not only has inventory dropped to all-time lows, but we’re also dealing with the most significant housing demographic patch ever recorded in U.S.

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Inventory Buyers Sellers Investors 370

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

MAY 10, 2022

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%. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers. While the homeownership rate in the U.S.

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Housing Market Realtors Buyers Inventory 422

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. Notably, during the timeframe of the First-time Home Buyer Tax Credit, there was significantly more inventory than seen today.

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Realtors Housing Market Marketing Buyers 388

Housing Wire

APRIL 30, 2021

from 2010, per a recent U.S. Sellers know they can ask a lot for their homes because the demand is “the craziest it’s ever been,” said John Diaz, a broker with MyHomeGroup in Arizona. Over the past 10 years, Arizona has enjoyed the ninth-largest population increase in the past 10 years, up 11.8% Census report.

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Housing Market Marketing Real Estate Real Estate Agent 543

Housing Wire

DECEMBER 29, 2021

Also, post-2010, the loans in American are very vanilla on the debt structure side of the equation. Currently, home-price growth is too hot, which is why I label this the unhealthiest housing market post-2010. Home sellers strive to get the highest price from the best offers and homebuilders have the pricing power over consumers.

Housing Market 529

Housing Market Marketing Construction Mortgage 529

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.

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Real Estate Marketing Sellers Inventory 98

Housing Wire

AUGUST 22, 2023

“Home sellers are buyers” — this is a phrase that I have been using in my economic work to explain the reality of the housing market recently. So, when home prices and mortgage rates rise so quickly, some sellers won’t list , which means they’re not buying either. Unsold inventory sits at a 3.3-month

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Sellers Marketing Inventory Housing Market 365

Housing Wire

APRIL 20, 2023

months’ worth of housing inventory in the U.S. NAR: Total housing inventory registered at the end of March was 980,000 units, up 1.0% Unsold inventory sits at a 2.6-month Total housing inventory, while up year over year, is still near all-time lows, and monthly supply is also up year over year. We only have 2.6

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Inventory Housing Market Marketing New Listings 524

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

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

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?

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Inventory Housing Market Marketing Modernization 404

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.

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Inventory Housing Market Construction Marketing 509

Miller Samuel

FEBRUARY 12, 2019

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Meanwhile, sellers are anchored to another market completely, he said. The disconnect between buyers and sellers is measured by lower sales volume.”. In 2018 the discount was 5.2%.

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Marketing Real Estate Appraisal Sellers 221

McKissock

OCTOBER 26, 2020

If you’re representing the seller, how can you best exploit that feature of a home, or advise people on how to create areas for work or study if they’re lacking? Chris Lynch, founder and owner of Legacy Properties Sotheby’s International Realty , advises sellers to not let their hearts think for their heads in pricing their home.

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Buyers Sellers Agents Inventory 61

Housing Wire

DECEMBER 29, 2022

Part of the issue is that mortgage rates moved up so fast that many sellers quit this year as well. Key thing to remember: A traditional seller is also usually a buyer. When mortgage rates spiked up as much as they did this year, it wasn’t financially appealing to some sellers to purchase their homes at rates of 6.25%-7.37%.

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Housing Market Marketing Inventory Sellers 545

Housing Wire

MARCH 23, 2022

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. Like home sellers, they try to make as much money as possible. We cannot have a credit boom because speculation debt has been taken off-grid post-2010 with credit.

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Mortgage Inventory Housing Market Construction 463

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing Inventory. Home price s. national home price decline.

Housing Market 540

Housing Market Marketing Inventory New Listings 540

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 is good news for sellers who have suffered from a stagnate market during the first quarter of 2020. This was the lowest level since July, 2010 and is part of a three-month decline in sales.

Real Estate 78

Real Estate Marketing Supply Chain Investors 78

Boston Appraisal

JULY 6, 2020

COVID-19 Impact on Buyers and Sellers. This is good news for sellers who have suffered from a stagnate market during the first quarter of 2020. This was the lowest level since July, 2010 and is part of a three-month decline in sales. What does this mean for sellers?

Real Estate 78

Real Estate Marketing Supply Chain Investors 78

Housing Wire

MARCH 9, 2022

From 2010 to 2020, middle-income households gained $2.1 NAR’s Housing Wealth Gains for the Rising Middle-Class Markets study examined the distribution of housing wealth between 2010 and 2020 across income groups in 917 metropolitan and micropolitan areas. in 2010. .” in 2010 to 29.8% In 2020, just 27.7%

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Home Value Realtors Marketing Inventory 433

Housing Wire

AUGUST 24, 2023

However, persistently high mortgage rates pose a significant affordability challenge to buyers and sellers (not to mention the workers of a trillion dollar-plus industry). We could see monthly sales fall to 2010 or 2011 levels when the market was recovering from the free fall after the housing bubble.”

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Mortgage Property Taxes Investors Buyers 369

Housing Wire

AUGUST 1, 2023

Inventory As a result, the seasonal inventory build is slow and on a normal cycle. Inventory growth seems to have a few more weeks to go. Inventory will probably peak at the end of August like it did in 2021. When you want to look at home prices in the future it’s helpful to look at inventory levels now.

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Inventory Contracts Buyers Mortgage 359

Housing Wire

JANUARY 10, 2022

Sellers saw a market where their homes sold quickly and often above list price as multiple buyers competed to have the winning bid. . Even with this increase, fixed-rate loans will still be cheaper than they were before the pandemic: In the 2010-2019 decade the interest rate averaged 4.1% for 30-year fixed-rate loans.

Housing Market 545

Housing Market Marketing Construction Inventory 545

Listing Spark

DECEMBER 15, 2022

So obviously you know, back in 2009 and 2010 when we started doing owner finance and the markets, you know, you couldn’t flip a house or anything. Brandon sources his deals directly from sellers, using a combination of direct mail marketing, networking, and TV advertising. We’re seller direct.

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Finance Investing Real Estate Lending 36

Will Springer Realtor

AUGUST 15, 2023

Sellers, too, are waiting for the easing of rates before looking for their next home, as estimates show 60% of today’s homeowners possess a mortgage with an interest rate of 4% or less. “The Mortgage rates are high, home prices are high, there’s no inventory.” The result: generally rising prices amid limited inventory.

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Sellers Buyers New Listings Inventory 60

Housing Wire

JULY 25, 2023

MW: As far as the inventory levels go, this is something that I’ve been focusing on and specializing in for years. Back in 2010, I created a structured offer process that real estate agents can follow, compete and win in a multiple offer scenario. HW: What do other LOs need to know to improve their business strategy?

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Real Estate Agent Mortgage Real Estate Training 269

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

Houston Properties

JANUARY 13, 2021

Avoid 9 Costly Mistakes Sellers Make. 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. 2020 ended favoring sellers. Do You Want To Buy A Home Now?

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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.

Marketing 36

Marketing Sellers Buyers Real Estate 36

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. That is a significant amount of pent-up demand, some of which is waiting for a drop in rates and more inventory. Um, bye-bye!

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Lamacchia Realty

JANUARY 30, 2024

Unlike what the Northeast experienced, South Florida inventory is up over 2022 and the second half of 2021. Inventory has risen year over year, contrary to the lows that the Northeast has seen. Condo sales are at the lowest point since 2010. 2024 Real Estate Performance Highlights The number of homes sold decreased by 17.5%

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HOA Inventory Buyers Contracts 49

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). People are seeking to move on as they experience life-changing moments – if they can afford what sellers are seeking.

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New Listings Buyers Inventory Lending 54

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. Inventory was little changed from July to August. months’ inventory, down from 1.5 Single-family-home inventory was unchanged at 1.4 Unlikely. “I

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Finance Inventory Construction Buyers 68