Housing Wire

DECEMBER 29, 2021

A bullish housing market. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been. The excellent.

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Housing Market Marketing Construction Mortgage 527

Housing Wire

SEPTEMBER 23, 2022

You think things are bad in the housing market now? Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Probably, the housing market needs to go to a correction to get to that place.” ” Where is the housing market heading?

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Housing Market Marketing Mortgage Buyers 369

Housing Wire

MARCH 9, 2024

If so, what will this do to inventory levels? Mortgage rates and the 10-year yield The 10-year yield is the key for all my housing work, so I focus on it religiously. Weekly housing inventory data The positive story for housing in 2024 has been the inventory growth we have seen year-over-year.

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Mortgage Inventory New Listings Housing Market 454

Housing Wire

SEPTEMBER 21, 2023

The housing market continues to cool amid high mortgage rates , affordability challenges and still-low inventory. Housing inventory remains tight heading into fall Meanwhile, total housing inventory at the end of August was 1.1 In August, existing-home sales fell 0.7% Existing-home sales were down 15.3%

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Inventory Realtors Housing Market Mortgage 402

Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. 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.”

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Inventory New Listings Housing Market Sellers 515

Housing Wire

JANUARY 20, 2022

Right after the Great Recession, between 2009 and 2011, buyers viewed a median of 12 homes before purchasing, as inventory was plentiful. From 2004 to 2006, during the housing boom years, even though homes were moving at a rapid pace, buyers typically looked at nine homes. month’s supply of homes.

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Buyers Inventory Open Houses Technology 414

Housing Wire

SEPTEMBER 22, 2022

The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%.

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Inventory Housing Market New Listings Mortgage 444

Housing Wire

SEPTEMBER 27, 2023

And the purchase market saw applications down 2% over the prior week and 27% behind last year’s pace. It is still facing limited for-sale inventory and struggling with affordability issues. Based on the FOMC’s most recent projections, rates are expected to be higher for longer, which has driven Treasury yields to new heights.

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Mortgage Contracts Inventory Marketing 382

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. I have documented the history of these housing price crash addicts for a decade now. Housing inventory issue with no booming demand.

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Inventory New Listings Law Housing Market 382

Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 months worth of housing inventory, which is the lowest ever, the report from Keller Williams said.

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Marketing Realty Realtors Housing Market 531

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.

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Housing Market Marketing Inventory New Listings 537

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. In time, markets always find balance and balance is a good thing. But, that doesn’t mean housing is going to crash. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast.

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Housing Market Marketing Inventory Lending 392

Housing Wire

APRIL 20, 2023

months’ worth of housing inventory in the U.S. We have a workable range for 2023 sales in the existing home sales market between 4 million and 4.6 As we can see in the data below, the days on the market fell back down to 29 days. For some historical context, back in 2011, this data line was 101 days.

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Inventory Housing Market Marketing New Listings 523

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time.

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Inventory Housing Market Construction Marketing 504

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Now that we’re in 2024, the Federal Reserve ‘s rate hike cycle is over, so let’s look at what that means for housing demand and home prices. Let’s look at that dynamic.

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Housing Market Marketing New Listings Construction 524

Housing Wire

MARCH 30, 2023

Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011. Kim: I hear about the lack of inventory issues and bidding wars across the country. How is the housing market in South Carolina and North Carolina? I think there’s a little bit lower price point, there’s a little more inventory.

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Mortgage Retail Loan Officers Brokerage 359

Will Springer Realtor

JULY 8, 2022

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011.

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Housing Wire

DECEMBER 20, 2023

Did today’s existing home sales report give us a playbook for housing in 2024? I would argue yes, and the housing market today looks a lot like what we saw in late 2022. I give more details in this interview on why I believe the housing market dynamics shifted on Nov. Unsold inventory sits at a 3.5-month

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Housing Market Marketing Inventory Realtors 439

Housing Wire

FEBRUARY 8, 2024

Despite the population decline, Illinois’ housing market remains relatively strong. The state has an Altos Research Market Action Index score of 44, which is above the national score of 39. Altos considers anything above 30 to be indicative of a seller’s market. As of Feb. Across the state, as of Feb. 1 through Dec.

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Inventory Agents Housing Market Luxury Properties 388

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.

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Sellers Inventory Housing Market New Listings 498

Housing Wire

FEBRUARY 24, 2024

Weekly housing inventory data My favorite housing data line for 2024 has been seeing the increase in inventory year over year. I firmly believe that housing inventory can grow over time when mortgage rates increase and we see weakness in demand. The year-over-year price data has been stabilizing since Nov.

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Mortgage Inventory New Listings Housing Market 459

Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. For now, though, the low inventory means housing starts have legs to move higher. New Home Supply.

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Inventory Construction Government Housing Market 545

Housing Wire

JANUARY 19, 2024

Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale.

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Housing Market Inventory Contracts Marketing 422

Housing Wire

FEBRUARY 21, 2023

While some level of optimism appears to have crept into the housing sector, it represents an increase from very low levels of activity — and is at risk of declining again if rates reverse, Duncan said. million, it still marks the slowest annual pace of sales since 2011. million units. million units as the broader economy recovers.

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Inventory Mortgage Housing Market Contracts 376

Housing Wire

MAY 24, 2022

A lot of the housing data was lagging the rate move, so it wasn’t apparent that higher rates impacted the data yet. Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. However, the housing market changed once the 10-year yield broke over 1.94%.

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Housing Market Inventory Construction Marketing 392

Will Springer Realtor

NOVEMBER 14, 2023

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 Single-family inventory narrowed to 1.7 Inventory of county condos rose to 2.5

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Inventory Buyers Sellers New Listings 36

Will Springer Realtor

SEPTEMBER 8, 2021

One of the hottest search phrases on Google today is, “When is the housing market going to crash?”. Not “ Will the housing market crash?” See the August housing report further below, if you dare!). Most notably, it’s the first time mortgages declined from Q1 to Q2 since 2011, according to ATTOM Data Solutions.

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Construction Inventory Buyers Real Estate 36

Housing Wire

JANUARY 26, 2022

It’s simply a matter of adjusting your investment strategy to optimize current market conditions. But what if the market conditions include historically low levels of available inventory for sale, and competing for that limited inventory with institutional investors as well as millions of millennial homebuyers?

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Real Estate Investors Inventory Business 424

Will Springer Realtor

DECEMBER 11, 2022

Some might argue the cold is emanating from the near-frigid Q4 real estate market, knocking the bloom straight off the housing-market rose in our region. The Seattle luxury condo market is taking it on the chin, with prices in downtown/Belltown down 19% for the month and 24% YoY ($515K) on 7.7 months of inventory.

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Inventory Construction Supply Chain Buyers 36

Housing Wire

OCTOBER 17, 2022

As mortgage rates rose and housing inventory increased, home price growth decelerated in the third quarter of 2022, according to the Fannie Mae Home Price Index ( FNM-HPI ) released Monday. This is the slowest quarter of growth since Q4 2011. The FNM-HPI found that home price growth was at an annualized rate of 13.2% in Q3 2022.

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Inventory Buyers Mortgage Housing Market 351

Housing Wire

AUGUST 24, 2023

What does it mean for the housing market ? We could see monthly sales fall to 2010 or 2011 levels when the market was recovering from the free fall after the housing bubble.” At Mortgage News Daily on Wednesday, the 30-year fixed rate for conventional loans was 7.36%, up 2 basis points from the previous week.

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Mortgage Property Taxes Investors Buyers 368

DataMaster

JUNE 9, 2021

After months of being outbid, he decided to wait and see if the housing market cools off a bit. adjusted for inflation) in December 2011 to $372,400 in April 2021. Due to covid-19 and the subsequent rise in building supply costs and drop in inventory, the effects on homeownership are yet to be seen. in April 2004.

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Mortgage Loan Officers Inventory Appraisal 78

DataMaster

JUNE 9, 2021

After months of being outbid, he decided to wait and see if the housing market cools off a bit. adjusted for inflation) in December 2011 to $372,400 in April 2021. Due to covid-19 and the subsequent rise in building supply costs and drop in inventory, the effects on homeownership are yet to be seen. in April 2004.

Mortgage 78

Mortgage Loan Officers Inventory Appraisal 78

DataMaster

JUNE 9, 2021

After months of being outbid, he decided to wait and see if the housing market cools off a bit. adjusted for inflation) in December 2011 to $372,400 in April 2021. Due to covid-19 and the subsequent rise in building supply costs and drop in inventory, the effects on homeownership are yet to be seen. in April 2004.

Mortgage 78

Mortgage Loan Officers Inventory Appraisal 78

Will Springer Realtor

MAY 13, 2024

GIMME SHELTER: AMERICA’S HOUSING PROBLEM WORSENS This country is struggling – mightily – to put enough roofs over the heads of Americans. Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

DECEMBER 14, 2021

A shortage of homes for sale sparked some of the fastest-moving deals in memory, particularly on the Eastside, where single-family homes “sat” on the market for a median 5.4 What will the 2022 Seattle/King County housing market offer? And a survey of 40 housing analysts conducted by Reuters estimates prices will gain 5.6%

Real Estate 69

Real Estate Buyers Construction Sellers 69

Will Springer Realtor

OCTOBER 8, 2021

Here’s how topsy-turvy our housing market has been this past year-plus. Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. The market may go into a brief lull – as it does during this quarter and into early next year. OCTOBER HOUSING UPDATE.

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Real Estate Buyers Inventory Housing Market 36