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. So where does all that drama leave us for 2023? Home price s.

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Housing Market Marketing Inventory New Listings 529

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.

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Mortgage Inventory New Listings Sellers 513

Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun.

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Inventory New Listings Housing Market Sellers 505

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.

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Inventory New Listings Law Housing Market 381

Housing Wire

NOVEMBER 9, 2022

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Understanding this data line and what it is trying to tell you will be more valuable than erroneously thinking the market is crashing and we’ll see a wave of foreclosures.

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New Listings Inventory Housing Market Sellers 467

Padove Appraisal Service

DECEMBER 10, 2022

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. Appraisers look at this as a gauge of the home market’s health. Months of inventory reflects how many months it would take to sell the current inventory of homes, at the current rate of sales.

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Marketing Inventory Buyers Sellers 147

Housing Wire

MARCH 18, 2021

Home prices have skyrocketed in the past year, and data from Redfin backs up what buyers, sellers, and agents have known for months. Non-QM: New Market + New Rules = New Opportunities. Join leading industry experts for a 45-minute discussion on the market, challenges and opportunities. by the end of 2021.

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Buyers Sellers Inventory New Listings 545

Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. housing market as savagely unhealthy. Over the last two and a half years of U.S.

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Inventory Housing Market Mortgage Marketing 539

Housing Wire

APRIL 7, 2022

Mortgage credit availability dropped in March, a sign that lenders tightened credit standards amid insufficient inventory of homes for sale and rising mortgage rates. A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit.

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Mortgage Government Inventory Lending 340

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. But the current prices aren’t deterring homebuyers.

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Sellers Housing Market Marketing Buyers 450

Housing Wire

DECEMBER 29, 2021

A bullish housing market. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. After failing from 2012-2019, they went all in during 2020 due to COVID-19, only to move the goalpost to 2021 due to forbearance. What a year 2021 has been. However, not only did the U.S.

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Housing Market Marketing Construction Mortgage 522

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 so-called mortgage rate ‘lock-in’ effect gave homeowners an incentive to stay put, preventing more housing supply from reaching the market.

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Business Mortgage Loan Officers Inventory 401

Housing Wire

MAY 24, 2022

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%. The market is savagely unhealthy and needs balance; this is what we call balance! However, the housing market changed once the 10-year yield broke over 1.94%. Guess what happened in March?

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Housing Market Inventory Construction Marketing 390

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. What does it mean for buyers, sellers? in February from the previous year to $363,00 — the first year-over-year decline since February 2012.

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Mortgage Sellers Buyers Housing Market 361

Housing Wire

DECEMBER 22, 2021

Then everyone went crazy on investors and iBuyers , suggesting that these people were holding up the entire housing market. 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. Home prices and days on market.

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Inventory Housing Market Investors Marketing 456

Will Springer Realtor

AUGUST 15, 2023

The market has, ahem , evolved in the four years since. After a pandemic-induced free-for-all, where newly listed homes could be off the market in hours and prices soared into a stratosphere more recognizable by the Blue Angels, we are now “enjoying” a period of rest and re-evaluation in summer 2023. on the Eastside.

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Sellers Buyers New Listings Inventory 60

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. However, single-family permits for King and Pierce counties combined are up 4.2% Census data found that 12.3M

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Sellers Marketing Supply Chain Construction 36

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. The slower market activity in the following year reflects a move towards equilibrium.

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Inventory Sellers Buyers Contracts 52

Will Springer Realtor

MARCH 14, 2023

The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers. since January to $726,700, they are 4.4%

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Marketing Buyers Inventory Sellers 36

Housing Wire

OCTOBER 15, 2020

That competition helped lift average price execution (winning bid as percentage of seller reserve) for vacant REOs to 104.8% 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.

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Buyers Development Renovations Retail 330

Will Springer Realtor

MAY 9, 2023

How’s the market, you ask? The typical seasonal spring in its step has been replaced by a slow shuffle as the Seattle/King County residential market tries to find its rhythm in a challenging economic environment. Falling new inventory is constraining transaction volumes while also supporting higher home prices.

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New Listings Inventory Buyers Sellers 59

Will Springer Realtor

JANUARY 10, 2023

Each month, this blog will publish a fresh assessment of the King County area housing market. A patch of foul weather and persistent economic challenges chilled an already cold housing market. The market traditionally slows in December to enjoy holiday parties, family gatherings and vacations, but this market chill is unprecedented.

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Housing Market Marketing Inventory Real Estate 36

Housing Wire

APRIL 5, 2021

While the position of the Fund has strengthened in recent years and continues to do so largely as the result of a robust housing market driven by low inventory, low interest rates, and solid home-price appreciation, there are many reasons to proceed cautiously and to continue to prepare for the unexpected. billion draw on the U.S.

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Insurance Mortgage Housing Market Government 227

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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Buyers Property Taxes Sellers Realtors 78

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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Clients Sellers Loan Officers Real Estate 62

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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Real Estate Marketing Real Estate Agent Realtors 36

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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Home Value Real Estate Buyers Realtors 36

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? Investor purchases of U.S.

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Appraisal Real Estate Contracts Design 67

Will Springer Realtor

AUGUST 9, 2021

Housing affordability decreased in 45 of the 50 states from 2012 to 2019. Look at the green states of Idaho, Nevada and Utah on the 2012 map; they have seen housing affordability plummet by 2019, skipping past the yellow category to brown in less than a decade. Months of inventory improved slightly from June but remain extremely low.

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Construction Inventory Property Taxes Development 36

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. The City of Renton reported in June that 92% of the 7800 new units in the permitting pipeline are expected to be market-rate rentals. counties are in our region.

Buyers 36

Buyers Development Construction New Listings 36

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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Buyers Law Inventory Development 36

Houston Properties

JULY 21, 2022

"The Houston Properties Team make real estate transactions a lot less complicated for sellers – they take care of everything AND they get the highest prices and the shortest closings. 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.

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Real Estate Agent Real Estate Realtors Agents 36

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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Real Estate Inventory Buyers Construction 36

Clear Capital

OCTOBER 28, 2021

The seller has a bunch of dogs — like 10 little tiny puppy dogs — in the yard is constantly covered in dog poop as a result. Like, the seller never cleans it up. And I hear a lot of folks say that, you know, the rental market in New York is unlike any other city in the country. That was a great movie. Moiz Malik.

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Real Estate Tools Agents Real Estate Agent 69