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Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5

Realtors 383
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The housing market correction will be deep, and ugly

Housing Wire

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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Existing-home sales moved lower in August : NAR

Housing Wire

The housing market continues to cool amid high mortgage rates , affordability challenges and still-low inventory. million, according to a new report from the National Association of Realtors (NAR). Despite the slight uptick in newly listed homes in August, housing inventory remained one of the primary challenges for the market.

Inventory 399
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Homes in Boise, Idaho are “flying off the market”

Housing Wire

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.

Marketing 531
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Buyers viewed just eight homes before making their purchase

Housing Wire

In 2021, homebuyers who successfully purchased a home viewed a median of only eight properties before completing their transaction, according to a report by the National Association of Realtors , published on Tuesday. NAR Research has tracked the number of homes viewed since 1987 and eight is the lowest number on record.

Buyers 414
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Existing home sales data shows extent of housing inflation

Housing Wire

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 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. . However, it’s not the market of 2002-2011.

Inventory 443
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SimpleNexus secures $108 million in Series B funding round

Housing Wire

In fact, prior to founding SimpleNexus in 2011, CEO Matt Hansen worked on the Simplifile development architecture team for nearly five years. Our vision is to hone the entire home buying journey from the borrower’s first contact with a Realtor to the closing table and beyond,” Schreiner said.