Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Most housing market forecasters believe that the existing home-sales market will likely only improve slightly next year.

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Housing Wire

JANUARY 20, 2022

The National Association of Realtors reported that existing home sales for December came in as a miss of estimates at 6.18 I stressed early in 2021 that people should have been more concerned about home prices overheating in 2021 than a forbearance market crash. Demand picked up toward the end of the year and inventory collapsed.

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Housing Wire

JUNE 22, 2021

million, the National Association of Realtors reported on Tuesday. The low amount of existing homes left on the market continued to experience overheated prices from consistent competition. For the NAR, this is a record high and marks 111 straight months of year-over-year gains since March 2012. Unsold inventory sits at a 2.5-month

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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.” Stick around and see if mortgage rates climb into the 7% range.

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Housing Wire

DECEMBER 22, 2021

The National Association of Realtors reported that existing home sales for November came in hot at 6.46 Then everyone went crazy on investors and iBuyers , suggesting that these people were holding up the entire housing market. Home prices and days on market. This number is above my sales trend peak of 6.2 million and 6.2

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Housing Wire

OCTOBER 21, 2020

Over the years, the inventory of affordable homes has been in sharp decline, while home prices have risen dramatically. With average wages increasing by only 16% since 2012, and national home prices increasing by 47%, the impact on long-term, intergenerational economic well-being could be substantial.

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Housing Wire

MARCH 22, 2023

In return, rates will continue to fluctuate over the coming weeks as incoming data changes and market participants adjust to the new reality as it unfolds, Green projected. million homes, according to the National Association of Realtors (NAR). In addition, U.S. employers added 311,000 last month, outpacing expectations.

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Housing Wire

AUGUST 3, 2023

Everywhere you look there seems to be bad news for the existing-home market — interest rates remain north of 7% and the median home price nears record levels at more than $410,000 as of June. below 4%) and today’s current market rates has created a so-called “lock-in effect.” Census Bureau , after jumping 20% in May.

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Empire Appraisal Group

MAY 25, 2023

has 6 of Top 10 Price-Increase Metros | Florida Realtors FHFA: Fla. These negative pressures were partially offset by historically low inventory.” housing market has seen positive annual appreciation each quarter since the start of 2012. © 2023 Florida Realtors® The post FHFA: Fla. year-to-year rise – but 20.1%

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Clear Capital

JUNE 30, 2021

The June 2021 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 5.2 In that case, we encourage the consideration of the additional year-over-year comparison based upon price-per-square-foot, which may be more in line with market dynamics in this situation. Home prices rose 15.5%

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Will Springer Realtor

JANUARY 10, 2023

Each month, this blog will publish a fresh assessment of the King County area housing market. Will Springer, Realtor®. A patch of foul weather and persistent economic challenges chilled an already cold housing market. That is the lowest annual figure since 2012 (27,601), according to MLS data. How slow is the market?

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Empire Appraisal Group

OCTOBER 28, 2021

Today’s market isn’t like the boom-bust cycle leading up to the Great Recession: Tough loan standards are the norm, plus many factors have kept housing supply low. Exuberant buying – with multiple offers and bidding wars – has become common across the country, reminiscent of the fevered market before the 2008 housing crash. MCLEAN, Va.

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Houston Properties

JANUARY 12, 2022

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. Concerned about a housing market crash? While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). Days on Market: 107.

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Eppraisal

APRIL 12, 2022

The current real estate market is like no other in history in there is a lack of inventory of homes being listed for sale. According to an article in Keeping Current Matters, "A balanced real estate market's inventory sits around 6 months. Today's current market is at 1.7

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Annarbor Appraisal

APRIL 9, 2020

Not that long ago, the United States in general experienced a significant decline in property sales prices due to the Great Recession and the mortgage market fallout. Price increases both with single-family houses and condominium units started in 2012 in earnest. Agents in my market are largely optimistic. Year to year trends.

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Will Springer Realtor

DECEMBER 8, 2021

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. households were formed between 2012 and June 2021 but just 7M new single-family homes were built in that time.

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Houston Properties

JULY 21, 2022

The Best Houston Realtor to Sell Your Home. It was completed in 2012 and is now home to the Houston Dynamo. Most of the current inventory is composed of single-family homes and townhomes. The Best Houston Realtor to Sell Your Home. 2020: #1 Individual Agent, Keller Williams, Texas (Top Keller Williams Realtor).

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Cornerstone

MARCH 12, 2021

As the market professional, it’s your job to respond as well as you can and to provide insights that support your insider opinion. The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. In a market this competitive, a seller has an advantage.

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Will Springer Realtor

AUGUST 9, 2021

“There is a strong desire for homeownership across this country, but the lack of supply is preventing too many Americans from achieving that dream,” said Lawrence Yun, chief economist for the National Association of Realtors® (NAR). Housing affordability decreased in 45 of the 50 states from 2012 to 2019. percentage points.

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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. also the oldest age of a first-timer ever recorded by the National Association of Realtors® (NAR). homes shy of what’s needed today. counties are in our region.

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Will Springer Realtor

FEBRUARY 9, 2022

People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. However, supply remains near historically tight levels and home prices remain high, keeping the market competitive.”. market in the last decade, reported FilterBuy.com. The company, using data from the U.S.

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Will Springer Realtor

MAY 12, 2021

Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.

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