Housing Wire

MARCH 23, 2024

Imagine a housing market with just 6% mortgage rates or lower — it would be growing like what we see in the new home sales market. Weekly housing inventory data The best housing story for 2024 so far is that inventory is growing yearly. When mortgage rates fall, demand picks up.

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Mortgage Inventory New Listings Housing Market 506

Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. The days on market were too low. And existing home sales crashed in 2022 from a peak of around 6.5

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Inventory Housing Market New Listings Marketing 539

Housing Wire

DECEMBER 21, 2022

.” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well. Since the credit standards have improved post-2010, we shouldn’t see distressed sellers until a job loss recession happens, even if sales fall noticeably.

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Inventory New Listings Housing Market Sellers 513

Housing Wire

NOVEMBER 10, 2023

metropolitan areas since 2011. FHA loan usage increases in September As sellers field fewer offers, buyers with FHA loans may have greater luck to close on a home. Oakland, California, and San Jose, California, as well as Seattle posted the smallest share of all-cash transactions at 18%, 18.2% and 20.3%, respectively. in April 2023.

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Mortgage Buyers Insurance Government 421

Housing Wire

OCTOBER 20, 2023

No seller must use a real estate agent to sell a home — ever. They may buy directly from a seller, whether that seller is represented by an agent or not. RealTrends + Harris Insights ‘ studies from 2002, 2005, 2006, 2011, 2014, and 2019 all show that consumers know that commissions are negotiable.

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Real Estate Agent Real Estate Brokerage Agents 418

Housing Wire

OCTOBER 20, 2022

The 30-year fixed-rate mortgage continues to remain just shy of 7% and is adversely impacting the housing market in the form of declining demand,” Sam Khater, Freddie Mac’s chief economist, said in a statement. Buyers, builders and sellers take a step back as inflation persists . A year ago at this time, rates averaged 3.09%.

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Mortgage Sellers Buyers New Listings 398

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

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 443

Housing Wire

AUGUST 8, 2022

its lowest reading since 2011. The HPSI has declined steadily for much of the year, as higher mortgage rates continue to take a toll on housing affordability,” Doug Duncan, Fannie Mae’s senior vice president and chief economist, said in a statement. Fannie Mae’s Home Purchase Sentiment Index fell two points in July to 62.8,

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Mortgage Sellers Housing Market Real Estate 346

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

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 recession. That would be a positive for demand.

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Housing Market Marketing Inventory New Listings 535

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. One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. New listings are declining now.

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Inventory New Listings Law Housing Market 381

Housing Wire

SEPTEMBER 8, 2022

Home prices have started to drop, but the decline has not been significant enough to slow a growing pessimism about the housing market. Fannie Mae’ s Home Purchase Sentiment Index (HPSI), which tracks the housing market and consumer confidence to sell or buy a home, dropped by 0.8 Presented by: Calyx.

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Housing Market Marketing Sellers Mortgage 449

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. million units, down 1.7% from October but up 0.9%

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Housing Market Marketing Inventory Realtors 436

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. Not really sure.”.

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Housing Market Marketing Inventory HOA 36

Will Springer Realtor

DECEMBER 8, 2021

from a year ago and at a level not seen since 2011. Who said this is a sellers’ market? Perhaps it’s truly a builders’ market. GREATER BUYING POWER Buyers who are struggling to purchase a home in this frenzied housing market will receive a bit of a lifeline in 2022. DECEMBER HOUSING UPDATE.

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Housing Wire

OCTOBER 20, 2022

Despite this drop, investment returns for home sellers is still up from 48.8% This has resulted in a growing supply of homes for sale, and in turn pushed home prices down (though not in every market). Metro results for home sellers. The post Where home seller profit margins are shrinking appeared first on HousingWire.

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Sellers Investing Housing Market Real Estate 376

Housing Wire

FEBRUARY 5, 2024

Additionally, the competition from existing home sellers was somewhat absent. Department of Housing and Urban Development. In 2011, only 13% of homebuilders worried about the cost of labor, versus 87% in 2019. An estimated 668,000 new homes were sold in 2023, 4.2% more than the figure of 641,000 in 2022, according to the U.S.

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Construction Housing Market Buyers Sellers 393

Lamacchia Realty

JUNE 3, 2021

He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. He has a very strong passion for the real estate industry and greatly enjoys working with Buyers and Sellers to help them with their real estate needs.

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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 501

Housing Wire

JANUARY 19, 2024

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. My entire theme around the savagely unhealthy housing market is based on the premise of too many people chasing too few homes.

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Housing Market Inventory Contracts Marketing 418

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? Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021.

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Real Estate Buyers Construction Sellers 69

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. Across the state, as of Feb. 1 through Dec.

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Inventory Agents Housing Market Luxury Properties 384

Housing Wire

APRIL 20, 2023

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. The NAR data looks a bit backward, so if you want more fresh weekly data, I write the Housing Market Tracker every week on Sunday night to give you that information.

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Inventory Housing Market Marketing New Listings 522

DataMaster

JUNE 16, 2021

And the number continued to slide to a low of 446,600 in 2011. According to Freddie Mac , at the beginning of 2020, the housing supply was short by 2.5 If even a tiny percentage of that supply was made available in the housing market, we could find some relief. million units. Tax breaks can enact change.

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Construction Law Landlords Development 174

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. Among all U.S. declined to 27% amid affordability challenges.

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Inventory Buyers Sellers New Listings 36

Will Springer Realtor

MAY 13, 2024

today – may hold the keys (literally and figuratively) to the housing conundrum. Baby Boomers still have a significant impact on various aspects of society, including the housing market, healthcare and the economy. That’s up from 36% of sales in 2022 but far from the peak this century of 45% in 2011, according to ATTOM. >>

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HOA Transportation Construction Buyers 36

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

Housing Wire

AUGUST 24, 2023

What does it mean for the housing market ? 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). A strong economy still supports rising wages, allowing many households to mitigate the financial pressures.

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Mortgage Property Taxes Investors Buyers 367

Will Springer Realtor

DECEMBER 13, 2022

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. Yes, the great housing market reset is in full swing. or lower – as low as 2.77%, according to Freddie Mac.

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Real Estate Buyers Construction Sellers 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?” We shared in a previous newsletter the many factors driving our buoyant housing market – and there is no end in sight to home appreciation. IOU IN THE FORM OF AN RSU.

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Construction Inventory Buyers Real Estate 36

Will Springer Realtor

JUNE 9, 2023

They found that the number of households headed by 25- to 34-year-olds grew by 300,000 per year in 2016-2021, up sharply from an average annual growth of 45,000 households between 2011 and 2016, a difference of 260,000 additional households per year. Can the housing market cope with rising demand? city; the figure was 2.94

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Buyers Transportation Housing Market Law 36

DataMaster

JUNE 16, 2021

And the number continued to slide to a low of 446,600 in 2011. According to Freddie Mac , at the beginning of 2020, the housing supply was short by 2.5 If even a tiny percentage of that supply was made available in the housing market, we could find some relief. million units.

Construction 78

Construction Law Landlords Development 78

DataMaster

JUNE 16, 2021

And the number continued to slide to a low of 446,600 in 2011. According to Freddie Mac , at the beginning of 2020, the housing supply was short by 2.5 If even a tiny percentage of that supply was made available in the housing market, we could find some relief. million units. Tax breaks can enact change.

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Construction Law Landlords Development 78

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

Appraisal Today

JUNE 3, 2022

Excerpts: The housing market sizzle has faded and we’ve entered a different season. We’ve basically said goodbye to the most aggressive housing market ever, and we’re in a new market now. Granted, the housing trend still feels elevated from normal, so it’s an error to call this market cold.

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Appraisal Contracts Real Estate Marketing 52

Housing Wire

MARCH 9, 2022

. “Given the rapid migration and robust job growth in these areas, I expect these markets to continue to see impressive price gains.” While rising housing prices benefit homeowner, if prices rise too high they become unaffordable and low- and middle-income households cannot share in the wealth creation arising from homeownership.

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