Housing Wire

JULY 9, 2023

This is truly a savagely unhealthy housing market as we have too many people chasing too few homes. bond market doesn’t see a job-loss recession happening soon. The labor market remains healthy as long as jobless claims trend below 323,000 on the four-week moving average. The 10-year yield is close to yearly highs as the U.S.

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Inventory Housing Market Marketing New Listings 453

Housing Wire

DECEMBER 28, 2020

From this stronghold I have been able to see past the chaos and view the economy and the future of the housing market through the lens of my core economic principles. million, my number for an outperforming market. Here’s what I think that means for the 2021 housing market. In 2020, the U.S. We’ve come a long way, folks.

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Housing Wire

MAY 7, 2023

2017 99,880 2016 88,105 2015 94,101 As you can see in the chart below, new listing data is very seasonal; we don’t have much time to get some more growth here. Even though the labor market is currently showing signs of getting softer , there is no job-loss recession yet. didn’t go into recession until 2008.

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Inventory Housing Market Marketing New Listings 482

Housing Wire

FEBRUARY 9, 2024

In a video discussing its marketing strategy, also released this week, CoStar tells real estate agents that it plans to run the Homes.com ads on streaming platforms, broadcast TV and digital radio, as well as during major events. The firm is no stranger to large marketing spends. We’ve climbed from No. 5 or 6 to No.

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Marketing Advertising Real Estate Real Estate Agent 399

Housing Wire

MAY 14, 2023

The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. When you consider that a home seller is a natural homebuyer as well, you can see why the housing market broke after mortgage rates went on a roller coaster last year. Can you imagine the housing market at that point?

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Housing Market Marketing Inventory New Listings 419

Housing Wire

MARCH 8, 2023

It is no secret that the housing market is suffering from an ongoing inventory drought. of all housing starts, the highest level since 2015. While that brings greater supply to the market, most of it will be used for rentals and won’t address ongoing affordability challenges in the for-sale space.” However, an average of 94.5%

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Housing Wire

MARCH 16, 2024

I can’t see the 10-year yield below 3.37% unless the labor market breaks — meaning jobless claims over 323,000 on the four-week moving average. That means I can’t see mortgage rates going below 6%, especially with the spreads being bad, until the labor market or the economy gets weaker.

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Housing Wire

JUNE 18, 2023

This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. As you can see in the chart below, the collapse of the purchase application data has stalled out, and if this didn’t happen, we would be having a different conversation about the housing market today. 6% for a year.

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Housing Wire

JUNE 11, 2023

but it needs weakness in demand and days on market to grow so inventory can accumulate. Purchase application data Purchase application data has been critical to my work on gauging actual demand for the year and how it should look for the next year if we have a material change in the markets.

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Inventory Housing Market Marketing New Listings 476

Housing Wire

JULY 16, 2023

The labor market remains healthy as long as jobless claims trend below 323,000 on the four-week moving average. In a normal market, mortgage rates would easily be under 6% with the 10-year yield where it is. So far, as we can see in the chart below, the 10-year yield channel and mortgage rates have stayed in that range. Since Nov.

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Housing Wire

MAY 28, 2023

And on Wall Street, many traders were short the bond market, meaning that a lot of speculative trades were made betting that bond yields would quickly go higher. Since the banking crisis started, the mortgage market has gotten increasingly stressed , and the recent debt ceiling issues didn’t help.

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Housing Wire

JULY 30, 2023

I believe the only way we get below 3.21% on the 10-year yield is for the labor market to break, and that would require jobless claims to get over 323,000 on the four-week moving average, which hasn’t happened. With the 10-year yield close to 4%, it will be a critical week for the bond market.

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Housing Wire

JANUARY 2, 2023

The housing market has been wild the last few years, making weekly data more critical. This is why I’ve created the Housing Market Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday. The 10-year yield shows where mortgage rates will go.

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Housing Wire

JUNE 4, 2023

The 10-year yield and mortgage rates We had a keystone cops week with the bond market and mortgage rates. However, we do have some issues in the mortgage market. Getting better spreads can send mortgage rates back to the low 6% level without any help from the bond market. We’ll see how the market responds to that.

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Inventory Housing Market Marketing New Listings 398

Housing Wire

APRIL 16, 2023

2021: 66,836 2022: 67,567 2023: 49,045 Compare our current new listing data to weekly new listing data in previous years when we had a more normal housing market: 2015: 94,470 2016: 86,608 2017: 78,886 The NAR data going back decades shows how difficult it’s been to get back to anything normal on the active listing side.

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Inventory Housing Market Marketing New Listings 520

Housing Wire

OCTOBER 20, 2022

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months. Price Correction Risk by Region.

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Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. This week’s trading in the bond market will be exciting with the upcoming inflation data.

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Housing Wire

JULY 23, 2023

The slow rise of housing inventory this year has made the existing home sales market savagely unhealthy again. I believe the only way we get below 3.21% on the 10-year yield is for the labor market to break, and that would require jobless claims to get over 323,000 on the four-week moving average, which hasn’t happened.

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Inventory Housing Market Marketing New Listings 356

Housing Wire

NOVEMBER 8, 2023

“The largest, undisrupted market in the U.S.,” Opendoor set out on its disruptive journey in 2014, and Offerpad followed soon after in 2015. The volatility and unprecedented nature of the market, weakened Zillow’s price forecasting, crippling its ability to buy low and sell high.

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Marketing Inventory Renovations Investors 395

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. How I look at rates is intertwined with how I look at the bond market.

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Housing Market Marketing Inventory New Listings 529

Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. Last week we had a lot of action on the bond market just to end up exactly where we were the previous Friday.

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Inventory Housing Market Marketing New Listings 427

Housing Wire

JULY 2, 2023

We have often discussed that the housing market dynamics changed starting Nov. This is one data line I will track like a hawk because it will be a negative for the housing market if this data line makes a noticeable year-over-year decline trend in the second half of 2023. However, I need to put some context into what happened in 2022.

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Inventory Housing Market Marketing New Listings 447

Housing Wire

APRIL 3, 2023

Last week was relatively calm for the housing market after the fiasco of the banking crisis. The banking crisis has stressed the mortgage backed securities market , pushing rates higher than usual. Last week had the potential for fireworks, but it was pretty tame, this week we have four labor market reports to deal with.

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Inventory Housing Market Marketing New Listings 469

Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

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Inventory Marketing Housing Market New Listings 459

Housing Wire

JUNE 25, 2023

More importantly, it showed that the days on market dropped back to the teenager level, which means we are once again in a savagely unhealthy housing market. Nothing good is happening in housing when days on market are so low. dollar explodes higher or we get some market stress overseas, we should remain in the forecast range.

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Inventory Housing Market Marketing New Listings 404

Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. On these crazy days in the financial markets, I stress to people, it’s not how the trading day goes that matters; it’s the final closing number.

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Inventory Housing Market Marketing Mortgage 434

Inman

JANUARY 6, 2023

1, with the biggest drop-offs recorded in markets that took off during the pandemic, according to Redfin. Pending home sales dropped 32 percent annually during the four-week period ending Jan.

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Marketing 107

Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. In a typical marketplace, the days on market are more than 30 days.

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Housing Market Marketing Inventory New Listings 398

Housing Wire

AUGUST 21, 2023

510 PadSplit 1,152% 2017 Creator of a co-living market platform enabling workers to live in the communities they serve. 533 ReBuilt 1,096% 2015 Vertically integrated marketplace helping homeowners sell their unwanted property and real estate investors find great off-market deals. 4,105 FirstCloseFirstclose.

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Real Estate Real Estate Agent Technology Investors 349

Housing Wire

JANUARY 30, 2024

The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast.

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Marketing Mortgage Sellers Buyers 325

Housing Wire

JANUARY 23, 2024

Jansta joins Xome from Altisource , where he served for two years as the chief marketing officer. Jansta’s background includes serving as chief marketing officer and senior vice president at Auction.com , general manager at Hubzu , and marketing lead at Equator , an Altisource business unit.

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Real Estate Technology Brokerage Valuation 365

Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. This assumes the spreads are wide as the mortgage-back securities market is still very stressed. This bond market is screaming at the Fed to cut rates. So, the market is wild and the Fed might not care what short-term rates are doing now. The economic data was OK last week.

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Housing Market Marketing Inventory New Listings 368

Housing Wire

MARCH 5, 2024

Most home sellers are buyers of homes, so the action we are seeing this year is a healthy step in the right direction to get more balance in the housing market ,” Mohtashami wrote on Saturday. For context, active listings during the same time frame in 2015 were substantially higher at 958,304. Between Feb.

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Housing Wire

MAY 3, 2021

That information is still critical this year, that’s why we’ve invited Doug Duncan , senior vice president and chief economist at Fannie Mae , to speak at HousingWire’s virtual Engage Marketing event on June 17. At Fannie Mae, Duncan is responsible for forecasts and analyses of the economy and the housing and mortgage markets.

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Housing Wire

MARCH 12, 2023

Last week was wild, and not just for the housing market. This assumes the spreads are wide as the mortgage back securities market is still very stressed. Do they even want to risk more stress in the markets? Mortgage rates fell even though the jobs report was stronger than anticipated. Already, the future pricing of a.50%

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Housing Market Mortgage Marketing Inventory 369

Housing Wire

SEPTEMBER 17, 2021

On the flip side, events unrelated to the Fed’s activities can also have a tremendous impact on the market. As difficult as it can be to predict market movements, one constant lenders can rely upon is that every market upswing is eventually followed by a downturn.

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Marketing Mortgage Investing Business 366

Housing Wire

FEBRUARY 22, 2024

“We look forward to the talent and experience he’ll bring to our technology and operations as we continue to respond to the needs of the market, carefully balancing innovation, risk management, and our commitment to our housing mission.” Fannie Mae recently reported $77.4 billion in net worth at the end of 2023, including $17.4

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