Housing Wire

JUNE 28, 2022

growth for its top 20 city composite, and now you know why my most significant concern for housing was home prices overheating , not crashing like people have warned about from 2012-2021. million total housing inventory data as that is the level of inventory that would change my thesis that this is a savagely unhealthy market.

Housing Market 449

Housing Market Marketing Inventory Investors 449

Housing Wire

MARCH 18, 2022

Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month NAR Research : Unsold inventory sits at a 1.7-month However, negative year-over-year inventory is not what we want to see.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., “In many areas of the country, that dynamic – low inventory and a modest rise in demand – led to an uptick in home prices.”

Inventory 392

Inventory New Listings Housing Market Mortgage 392

Housing Wire

NOVEMBER 19, 2020

Cash buyers remain at a historically high level of 19%, the same as last year, while sales grew 26.6% Second, if the next existing home sales report misses expectations, you may be told that this is due to a lack of inventory. Unsold inventory sits at an all-time low 2.5-month Unsold inventory sits at an all-time low 2.5-month

Housing Market 545

Housing Market Marketing Inventory Buyers 545

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. Housing inventory issue with no booming demand. crash, especially from 2012-2019. million listings.

Inventory 382

Inventory New Listings Law Housing Market 382

Housing Wire

JUNE 8, 2022

For over a decade, a lot of people didn’t believe in housing inflation but in the deflationary housing story, which hasn’t ended well for them since 2012. 2012: What they said: Shadow inventory will cause prices to fall. The reality: Inventory broke down in 2012, and the monthly supply data got below 6.0

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

MAY 19, 2022

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. We were told that population growth is slowing, we were told that Americans would panic sell and that massive inventory would hit the marketplace once rates got to 4%. million and 1.93

Housing Market 519

Housing Market Marketing Inventory Realtors 519

Housing Wire

DECEMBER 21, 2022

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.” ” 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.

Inventory 516

Inventory New Listings Housing Market Sellers 516

Housing Wire

APRIL 23, 2021

Homes sold in March were on the market for 21 days, per the report, the shortest period between listing and sale since 2012. But the NAR reported this week that home sales in March fell for the second month in a row as inventory plunged and home prices climbed to record levels. Home prices in the U.S. But with a third of U.S.

Inventory 433

Inventory Housing Market Realtors Marketing 433

Housing Wire

NOVEMBER 9, 2022

Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. Post-2012, whenever mortgage rates rise, existing home sales always trend below 5 million. The glaring difference between now and 2014 is that total inventory levels are roughly 1 million lower now than the peak of 2014.

New Listings 478

New Listings Inventory Housing Market Sellers 478

Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter.

Mortgage 515

Mortgage Inventory New Listings Sellers 515

Housing Wire

JUNE 22, 2021

For the NAR, this is a record high and marks 111 straight months of year-over-year gains since March 2012. “Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” said Lawrence Yun, NAR’s chief economist.

Inventory 406

Inventory Buyers Realtors Housing Market 406

Housing Wire

JANUARY 20, 2022

The housing bubble boys of 2012-2020 turned into the forbearance crash bros of 2021 and have been nothing but an epic disaster in their forecast, which has now ended with the lost decade of bad housing calls. The concern in 2021 should have always been priced overheating, not crashing back to 2012 levels. months in November and from 1.9

Inventory 461

Inventory Housing Market Marketing Mortgage 461

Housing Wire

OCTOBER 15, 2020

The good news is that there is plenty of demand for vacant properties, from both nonprofit and for-profit buyers. Seeking new inventory sources. If you had asked me about gentrification in Newark in 2012 and 2013, I would have told you I’m not worried about gentrification; we just need to get properties re-occupied.

Buyers 332

Buyers Development Renovations Retail 332

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. The velocity of inventory rising in the next three months is limited. April 2022: Inventory has not recovered. Can this last?

Housing Market 393

Housing Market Marketing Inventory Lending 393

Housing Wire

DECEMBER 7, 2022

Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22 million Historically inventory levels range between 2 million and 2.5

Housing Market 543

Housing Market Mortgage Marketing Inventory 543

Housing Wire

JANUARY 16, 2024

This has put a strain on the inventory of three-bedroom-plus homes, making it harder for a millennial to buy one. Still, some boomers are ready to downsize into a condo or move somewhere new for retirement, and the mortgage-rate lock-in effect is starting to ease–so even though there won’t be a flood of inventory , there will be a trickle.”

Inventory 436

Inventory Home Value Mortgage Buyers 436

Housing Wire

DECEMBER 4, 2023

It deepened an already existing inventory shortage and worsened affordability woes. There were also some generational disparities in what would-be buyers were willing to sacrifice. Meanwhile, the average 30-year fixed mortgage rate topped 8% in October. First-time homebuyers were particularly harmed by this trend.

Housing Market 410

Housing Market Marketing Transportation Mortgage 410

Housing Wire

JULY 12, 2022

A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening, while an increase suggests loosening credit. . With higher rates and elevated home prices, more prospective buyers are applying for ARMs, but activity remains below historical averages,” Kan said. The conventional MCAI rose 1.2%

Mortgage 380

Mortgage Government Inventory Lending 380

Housing Wire

MAY 18, 2023

If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022. Instead, active listings are near all-time lows, which wasn’t the case from 2012-2019. NAR Total Inventory Data going back to 1982. housing market inventory channels have changed due to how the U.S. million, up from 1.03

Housing Market 533

Housing Market Marketing Inventory Mortgage 533

Housing Wire

DECEMBER 28, 2023

Coming off of the pandemic banner years, thinning origination volume, low inventory and soaring home prices made business much harder to come by for LOs in 2023. The inventory puts a cap on how much business we can do. The lack of inventory led to rising home prices, creating multiple-offer situations in some parts of the country.

Business 413

Business Mortgage Loan Officers Inventory 413

Padove Appraisal Service

DECEMBER 10, 2022

We have seen a combination of few homes offered for sale, and strong buyer demand. Buyers have had difficulty finding a home to purchase at any price. The higher cost of financing a home pushed some buyers out of the market. A key statistic is the inventory of homes offered for sale. They show us two things.

Marketing 147

Marketing Inventory Buyers Sellers 147

Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Bulk Buyer Bonanza. in 2009.

Investors 391

Investors Renovations Marketing Retail 391

Housing Wire

NOVEMBER 23, 2022

In addition, the amount of inventory also dropped to 470,000 homes for sale or the equivalent of a supply of 8.9 “There is a large number of started, but not-yet-completed, homes in the pipeline, so prices will need to adjust to make new homes attractive enough to entice more buyers.”. months of supply in September.

Housing Market 347

Housing Market Construction Inventory Development 347

Housing Wire

JUNE 9, 2022

A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening while an increase suggests loosening credit. These worsening affordability challenges have been particularly hard on prospective first-time buyers,” he said. The post Mortgage credit availability falls 0.9%

Mortgage 339

Mortgage Government Inventory Lending 339

Housing Wire

OCTOBER 19, 2020

In October, all HMI indices, including current sales conditions, sales expectations and traffic of prospective buyers either matched or climbed above their previously highest readings ever, the release said. year over year in September – the largest annual increase since at least 2012. The real test will be keeping up with volume.

Housing Market 381

Housing Market Construction Buyers Inventory 381

Housing Wire

DECEMBER 22, 2021

I understand that grifters have to keep the grift going, but not even the Joker would say that the housing market lives off investors and not mortgage buyers. As you can see below, we don’t have a booming credit housing market as we saw from 2002-2005; we have steady replacement buyer demand.

Inventory 473

Inventory Housing Market Investors Marketing 473

Housing Wire

APRIL 26, 2021

The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year. That’s also 16 days fewer than the same period in 2020.

Sellers 450

Sellers Housing Market Marketing Buyers 450

Housing Wire

JANUARY 5, 2021

Over the past few decades, the inventory of affordable homes has been in sharp decline while home prices have risen dramatically. In fact, since 2012, the average price of a home has risen by almost 47%.

Design 506

Design Inventory Finance Buyers 506

Housing Wire

MARCH 22, 2023

What does it mean for buyers, sellers? The good news is that the continued strength of the job market means that both sellers and buyers are still in a favorable financial position heading into the spring housing market, Jones noted. in February from the previous year to $363,00 — the first year-over-year decline since February 2012.

Mortgage 375

Mortgage Sellers Buyers Housing Market 375

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. From a buyer’s perspective, it couldn’t be worse. Mortgage rates are high, home prices are high, there’s no inventory.”

Sellers 60

Sellers Buyers New Listings Inventory 60

Housing Wire

DECEMBER 23, 2021

months and total inventory are collapsing again and we might see new fresh all-time lows before the spring of 2022. From Census: For Sale Inventory and Months’ Supply: The seasonally?adjusted This and the shortages of homes in the existing home sales market brought a few buyers into this sector. When supply is 4.4

Inventory 429

Inventory Marketing Construction Mortgage 429

Housing Wire

MAY 9, 2022

housing market is more tied to mortgage buyers. Unlike those two cities in Canada, we aren’t as reliant on foreign buyers to such a great extent. foreign buyers have always been less than 300,000 of total home sales for many years. The housing crash premise that home prices have to go back to 2012 levels is crazy.

Buyers 527

Buyers Housing Market Mortgage Marketing 527

Housing Wire

SEPTEMBER 23, 2022

While the nation suffers from a severe housing shortage, lower mobility can make housing inventory even tighter and cause home prices to continue escalating.” ” However, the median-priced home is worth about $80,000 more than in 2020 and $200,000 more than in 2012. ” Where is the housing market heading?

Housing Market 369

Housing Market Marketing Mortgage Buyers 369

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.

Inventory 52

Inventory Sellers Buyers Contracts 52

Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S.

Buyers 36

Buyers Development Construction New Listings 36

Housing Wire

AUGUST 3, 2023

We believe this lack of existing homes on the market is pushing prospective buyers toward new homes, bolstering sales and construction,” he added. Deitz said the “underbuilding” in the home market between 2012-2019 “left us with the housing deficit.” Also helping to propel new-home sales is a huge deficit in existing homes.

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Construction Development Finance Mortgage 368