Housing Wire

FEBRUARY 13, 2023

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. Weekly housing inventory continues to decline, as we saw a decrease of 13,238 units, double the amount we had this time last year. This means buyers have more say now in the home-buying process.

Inventory 490

Inventory Housing Market Mortgage Marketing 490

Housing Wire

JANUARY 16, 2023

Housing inventory increased by 1,339 homes nationwide. The weekly inventory data, which had fallen faster than I had anticipated the last few weeks, has now seen a slight uptick. Weekly housing inventory. Hopefully, we see a continuation of this inventory pick-up next week and this isn’t just a one-week blip.

Inventory 531

Inventory Housing Market Marketing Mortgage 531

Housing Wire

DECEMBER 3, 2020

Even prior to the pandemic , housing inventory had hit record lows, and the problem has only gotten worse as demand continues to rise. Homesnap said this trend could further drain inventory as 2021 approaches. Home prices have risen as a result of the mismatch in homebuyer demand and housing inventory. Presented by: Freddie Mac.

Inventory 546

Inventory Housing Market Marketing New Listings 546

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. But buyers shouldn’t get too excited. But buyers shouldn’t get too excited. In August, 58.8% million and 1.92

Buyers 429

Buyers Inventory Real Estate Agent Agents 429

Housing Wire

APRIL 6, 2022

Additionally, home price appreciation and insufficient for-sale inventory are holding back purchase activity. . According to Kan, as higher rates reduce the incentive to refinance, application volume dropped to its lowest level since the spring of 2019. Meanwhile, the seasonally adjusted purchase index decreased 3.4%

Inventory 404

Inventory Mortgage Retail Contracts 404

Housing Wire

AUGUST 18, 2021

The previous economic expansion from 2008 to 2019 had the weakest housing recovery ever following the bust. If you ignore that big move in the second half of 2020, you can see that we currently do not have a credit boom, but rather solid demand from replacement buyers. The post Why aren’t builders creating more housing inventory?

Inventory 516

Inventory Buyers Business Mortgage 516

Housing Wire

MARCH 27, 2024

Those advantages, coupled with cheap land, made the city a favorite for homebuilders like DR Horton and Lennar that brought plenty of new inventory to market. Its listings in 2023 fell below its 2019 level, although the drop was less steep than that experienced outside of Florida and far less steep than other metros like San Diego.

Brokerage 394

Brokerage Realty Real Estate Inventory 394

Housing Wire

FEBRUARY 22, 2024

Existing-home sales picked up in January as buyers took advantage of the lowest mortgage rates seen in several months. Listings were modestly higher, and home buyers are taking advantage of lower mortgage rates compared to late last year.” In fact, by the end of January, for-sale housing inventory was at 1.01 from one year ago.

Inventory 406

Inventory Sellers Buyers Realtors 406

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

Inventory 330

Inventory Marketing Business Buyers 330

Housing Wire

MAY 28, 2021

The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. Redfin also studied housing numbers from the same period in 2019, before the onset of the COVID-19 pandemic in the U.S. But that’s not slowing down buyers. from a year ago.

Buyers 414

Buyers Real Estate Agent Real Estate Inventory 414

Housing Wire

NOVEMBER 22, 2023

Builders reported covering closing costs, offering discounted or free features, helping buyers sell their existing home and providing other incentives. Builders have used these incentives in recent months to avoid an inventory glut. They did, just in time for a slew of interest rate hikes to depress buyers’ appetites.

Inventory 413

Inventory Home Value Housing Market Buyers 413

Housing Wire

APRIL 24, 2024

Despite the population growth, Dallas has still had to contend with the realities of high mortgage rates and tight housing inventory — factors that have mortgage lenders , brokerages and other real estate professionals fighting for their share of shrinking pies. 1 brokerage by listing count from 2019 through 2023.

Brokerage 340

Brokerage Realty Marketing Real Estate 340

Housing Wire

APRIL 15, 2024

These metros also continue to grapple with below-average inventory recovery, maintaining pressure on buyers. Recovering inventory in these areas has helped to ease competition and bring price appreciation under control. Bidding wars are commonplace in these areas, exacerbated by a scarcity of options.

Housing Market 388

Housing Market Inventory Buyers New Listings 388

Housing Wire

APRIL 8, 2021

last month, a positive indicator after pandemic-driven factors plunged the index from record highs previously seen in late 2019. One possible solution being tossed around is President Joe Biden’s proposed $15,000 homebuyer tax credit for first-time buyers. The group’s Mortgage Credit Availability Index rose.6%

Buyers 510

Buyers Mortgage Housing Market Government 510

Housing Wire

APRIL 14, 2023

The Federal Reserve ’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is approximately $255,000 — more than 40 times that of a renter. However, buyers are contending with rising interest rates , high home prices and constrained inventory. Homeownership remains at the core of the American Dream.

Finance 336

Finance Buyers Insurance Housing Market 336

Housing Wire

FEBRUARY 27, 2023

The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year. Weekly inventory change (Feb. Weekly inventory change (Feb.

Housing Market 410

Housing Market Marketing Inventory New Listings 410

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

JULY 13, 2021

But recently, we’ve started to see buyers get cold feet. Two of my buyers just had their offers accepted because the sellers’ first buyers backed out. The market is still competitive, but buyers are more trepidatious than they were at the start of 2021, and less willing to pull out every stop in order to win.”

Inventory 493

Inventory Housing Market Real Estate Agent Buyers 493

Housing Wire

OCTOBER 28, 2021

“It’s worth noting that there will be less inventory until the end of the year compared to the summer months, which happens nearly every year.”. Yun expects inventory levels to pick up again in 2022 and that buyers who have temporarily paused their search will return to the market in the new year. Presented by: Auction.com.

Inventory 414

Inventory Renovations Contracts Buyers 414

Housing Wire

MARCH 7, 2024

This differs from 2019 data , prior to the COVID-19 pandemic, which found that the first two weeks of May were the best time to list a home. Now, with persistently low inventory, mortgage rate fluctuations make their own seasonality. If mortgage rates follow, that could bring another surge of buyers later this year.”

Sellers 385

Sellers Buyers Real Estate Inventory 385

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Many of his buyers are still waiting for rates to come down before seeking preapproval for a mortgage. economy remains hot.

Loan Officers 388

Loan Officers Mortgage Buyers Inventory 388

Housing Wire

JUNE 8, 2022

I have separated my work into two different time frames: 2008-2019 and 2020-2024. In the years 2008-2019 we saw the weakest housing recovery ever. 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 4, 2023

On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. On the other hand, inventory is still low, and homes are still selling fast, often with multiple offers. But if you are a prospective buyer, macro housing metrics probably do not reflect your experience.

Housing Market 396

Housing Market Marketing Inventory Buyers 396

Housing Wire

SEPTEMBER 17, 2021

Despite several indicators of a slowing housing market, prospective home buyers should not get too excited – inventory remains limited and changes are in line with the traditional seasonal slowdown, according to RE/MAX ’s August national housing report. Low inventory is another indication of a still-scorching housing market.

Housing Market 493

Housing Market Marketing Inventory Buyers 493

Housing Wire

JUNE 28, 2022

The housing market can’t replicate the type of massive credit expansion we saw from 2002-2005, so the price-growth story has more to do with inventory collapsing to all-time lows. 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

SEPTEMBER 26, 2023

“The Case Shiller index indicates that the typical home price in July 2023 is about 45% higher than it was four years ago in July 2019,” said Bright MLS Chief Economist Lisa Sturtevant. The West (-3.8%) and Southwest (-3.6%) remained the weakest regions. Mortgage holders are well-qualified and subprime loans are rare.

Inventory 437

Inventory Housing Market Lending Buyers 437

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 month figure recorded in October 2019.

Housing Market 545

Housing Market Marketing Inventory Buyers 545

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 513

Inventory New Listings Housing Market Sellers 513

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 391

Inventory New Listings Housing Market Mortgage 391

Housing Wire

SEPTEMBER 22, 2022

A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. Total Inventory data fell in this report from 1.31 I am a big fan of inventory to 2019 levels. million to 1.28

Inventory 443

Inventory Housing Market New Listings Mortgage 443

Housing Wire

MAY 14, 2024

In the scenario where more inventory comes into the market and rates come down, we are well positioned to capture upside to last year’s performance,” Nolan added. In addition, we are our first line of defense in helping protect buyers and sellers from real estate and wire fraud.

Insurance 399

Insurance Real Estate Sellers Housing Market 399

Housing Wire

JUNE 21, 2022

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. Inventory skyrocketing back toward historical norms of 2 million to 2.5 Unsold inventory sits at a 2.6-month

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

Inventory 506

Inventory Housing Market Marketing Realtors 506

Housing Wire

MAY 10, 2022

These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers. The second section, shows the experiences of successful home buyers by race.

Housing Market 412

Housing Market Realtors Buyers Inventory 412

Housing Wire

SEPTEMBER 28, 2020

million housing starts, not anytime from 2008-2019. The monthly supply of new homes was mostly higher every month in the previous expansion (2008-2019) than any period from 1996-2005. Except this time around, we do not have speculation buyers and a credit bubble — just good demographics and low mortgage rates. million a year.

Inventory 509

Inventory Buyers Mortgage Housing Market 509

Housing Wire

NOVEMBER 4, 2022

The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%. Conversely, White and Hispanic Americans experienced gains in buyer shares. NAR found the age of repeat buyers increased to 59 years from 56 years last year.

Buyers 351

Buyers Sellers Real Estate Agent Real Estate 351

Housing Wire

OCTOBER 15, 2020

There were a total of 647 vacant structures in the Slavic Village neighborhood in July 2020, down 15% from March 2019 and down 53% from a peak of 1,368 vacant structures in March 2009, according to a biannual survey conducted by SVD of all parcels in the neighborhood. Seeking new inventory sources. We have a plan for every parcel.”.

Buyers 332

Buyers Development Renovations Retail 332