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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

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Experts optimistic about home sales in 2021

Housing Wire

drop in November , according to a report from the National Association of Realtors. It’s the fourth consecutive decline, but many housing industry observers see big potential for the year ahead. However, contract signings rose 21.4% pending home sales dipped to the tune of 0.3% in December following a 2.6%

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Rising home prices take a toll on pending home sales

Housing Wire

in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% pending home sales fell 1.1% compared to a year ago.

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Existing home sales will drop to 4.78 million in 2023, NAR predicts

Housing Wire

The National Association of Realtors predicts there will be 4.78 million existing homes sold in 2022 already represent a 16% year-over-year decrease and the lowest number of existing home sales since 2014. Fraud risk continues to rise even as the market contracts . million existing home sales in 2023, down 6.8%

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The new home sales recession continues

Housing Wire

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. Over the years, I have tried to emphasize that the housing market in the U.S. We had missed sales estimates in 2013, 2014 and 2015. This is 12.6

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Expensive regions see the biggest dip in home sales

Housing Wire

Higher mortgage rates continued to impact home sales over the last month, with existing home sales declining in September for the eighth consecutive month, according to a report from the National Association of Realtors (NAR). . regions experiencing month over month contractions. .” on a year over year basis, dropping to 4.71

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Pending home sales shock 2021 housing crash bears

Housing Wire

From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% An index of 100 is equal to the level of contract activity in 2001.” When inventory rises and more supply is on the market, this means demand is fading.

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