Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. My rule to get the housing market out of the unhealthy stage is that we need total inventory back between 1.52

Housing Market 512

Housing Market Marketing Inventory Realtors 512

Housing Wire

JANUARY 22, 2021

Today the National Association of Realtors reported existing home sales for the month of December were at 6,760,000, a beat of estimates. This also closed the books on 2020’s housing market as we finished out the year at 5,640,000 total existing-home sales — a 5.6% increase from the same month in 2019.

Housing Market 545

Housing Market Marketing Inventory Realtors 545

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 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.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

MAY 5, 2022

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Demographics still point towards a market with strong demand – the largest cohort of millennials, the largest generation in U.S. To register for the HW+ event, go here.

Housing Market 366

Housing Market Marketing Inventory Buyers 366

Housing Wire

SEPTEMBER 23, 2022

You think things are bad in the housing market now? Stick around and see if mortgage rates climb into the 7% range. Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Blake Bianchi, CEO of Future Mortgage.

Housing Market 366

Housing Market Marketing Mortgage Buyers 366

Housing Wire

DECEMBER 10, 2020

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Housing inventory in the Des Moines housing market is tight. Now it’s under $300,000.”.

Housing Market 427

Housing Market Marketing Realty Realtors 427

Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data.

Housing Market 379

Housing Market Buyers Marketing Retail 379

Housing Wire

NOVEMBER 16, 2020

According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. That’s even with home prices jumping to an average of $226,000 in September – an 18% jump from September 2019.

Housing Market 407

Housing Market Real Estate Agent Marketing Real Estate 407

Housing Wire

SEPTEMBER 15, 2020

Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 trillion in refinancings, the highest level since 2003 and more than double the level seen in 2019, the mortgage giant said in a forecast on Tuesday. million, down 0.4%, Fannie Mae said.

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Lending Mortgage Realtors Housing Market 545

Housing Wire

AUGUST 13, 2020

mortgage rates for a 30-year fixed rose to 2.96% this week from an all-time low of 2.88% , Freddie Mac said in a report on Thursday. The average 15-year rate rose to 2.46% from 2.44% last week, according to the mortgage financier. from a year ago, the National Association of Realtors said in a July 22 report. Average U.S.

Mortgage 542

Mortgage Realtors Finance Housing Market 542

Housing Wire

APRIL 28, 2022

The revenue is up 6% from the first quarter of 2021, but net income dipped from $33 million that quarter, largely due to declining fortunes for the company’s mortgage joint venture with Chicago-based mortgage lender Guaranteed Rate. Despite the acute inventory shortage, the National Association of Realtors estimated this week that 5.6

Mortgage 328

Mortgage Brokerage Agents Real Estate Agent 328

Housing Wire

MAY 24, 2021

The National Association of Realtors Confidence Index Survey for April reveals how hot the housing market is. The April 2021 survey was sent to 50,000 Realtors selected from NAR’s over 1.4 However, there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin.

Realtors 471

Realtors Buyers Housing Market New Listings 471

Cleveland Appraisal Blog

JANUARY 5, 2023

We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. How have the rapidly increasing mortgage interest rates impacted the housing market in Northeast Ohio?

Housing Market 369

Housing Market Marketing Appraisal Inventory 369

Housing Wire

AUGUST 21, 2020

Existing-home sales jumped 25% in July from June, beating the prior record of a 21% gain set a month earlier , as low mortgage rates fueled demand for real estate. million, the National Association of Realtors said in a report on Friday. One sour note was a shortage of inventory that has plagued the market since 2019.

Inventory 546

Inventory Realtors Real Estate Housing Market 546

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. from December to a seasonally adjusted annual rate of 4 million in January, according to a report from the National Association of Realtors (NAR). In fact, by the end of January, for-sale housing inventory was at 1.01

Inventory 393

Inventory Sellers Buyers Realtors 393

Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. Once that happens, I can finally take the savagely unhealthy housing market theme off my talking points. What does this mean? million to 1.93

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Inventory New Listings Housing Market Sellers 519

Housing Wire

JULY 22, 2021

The National Association of Realtors reported existing home sales for the month of June were under their estimates slightly. million, which would be back to 2019 levels. million, which would be back to 2019 levels. The seasonally adjusted annual rate of 5.86 But that is not what is happening.

Realtors 502

Realtors Housing Market Marketing Mortgage 502

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. This is happening, and in the long run, this is a plus for the housing market.

Inventory 458

Inventory Marketing Housing Market New Listings 458

Housing Wire

MAY 25, 2023

After falling for the first time since November 2022 in March , pending home sales remained unchanged in April, according to data released Thursday by the National Association of Realtors (NAR). A big wildcard in the housing market right now is the debt ceiling debate. annual drop recorded in March.

Inventory 336

Inventory Housing Market Contracts Government 336

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear.

Mortgage 373

Mortgage Loan Officers Inventory Retail 373

Housing Wire

DECEMBER 22, 2020

housing market has outperformed expectations, I expected these upward trends to moderate. Today, the National Association of Realtors reported a 2.5% million in November 2019). million in November 2019). million in November 2019). from November 2019 ($271,300). million in November. from a year ago (5.32

Housing Market 545

Housing Market Buyers Realtors Marketing 545

Housing Wire

APRIL 25, 2024

It is extremely competitive,” DeRoussel said of the Cincinnati housing market. “We According to data from Altos Research , the Cincinnati metro area (which includes portions of Ohio, Kentucky and Indiana) currently has a Market Action Index score of 54, while the state of Ohio has a score of 55. Buyers are really struggling.”

Buyers 369

Buyers Marketing Inventory Investors 369

Housing Wire

MAY 10, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. April was National Fair Housing Month. In February, NAR in partnership with Realtor.com released The Double Trouble of the Housing Market report.

Housing Market 395

Housing Market Realtors Buyers Inventory 395

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. million housing units due to a severe lack of supply produced between 2012 and 2019. million and 7.3

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Construction Supply Chain Inventory Housing Market 424

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. That was a huge red flag, hence all the statements in 2021 about unhealthy housing. . million in August.”

Inventory 434

Inventory Housing Market New Listings Mortgage 434

Housing Wire

NOVEMBER 13, 2023

metro markets saw price gains in the third quarter of 2023, according to the National Association of Realtors ’ latest quarterly report. That’s 182 of the total 221 metro markets studied. of their income on mortgage payments in the third quarter, up from 25.3% More than 80% of U.S. in the Northeast; 5.2% in the South.

Inventory 330

Inventory Realtors Housing Market Marketing 330

Housing Wire

APRIL 23, 2021

soared 18% year-over-year in March 2021 to a median of $356,000, according to a report Redfin released Friday that provided stark evidence of a housing market where demand greatly exceeds supply. Homes sold in March were on the market for 21 days, per the report, the shortest period between listing and sale since 2012.

Inventory 433

Inventory Housing Market Realtors Marketing 433

Housing Wire

NOVEMBER 19, 2020

million, according to a report from the National Association of Realtors on Thursday. “The surge in sales in recent months has now offset the spring market losses,” NAR Chief Economist Lawrence Yun said. At the end of October, housing inventory totaled 1.42 from October 2019. million units, down 2.7%

Inventory 545

Inventory Realtors Housing Market Marketing 545

Housing Wire

AUGUST 27, 2020

in July, the third consecutive month of gains, fueled by low mortgage rates and unprecedented demand from consumers. year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We million, a 1.1%

Contracts 477

Contracts Realtors New Listings Real Estate 477

Housing Wire

JANUARY 29, 2021

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. from December 2019, with all regions (Northeast, Midwest, South, West) reaching double-digit year-over-year increases.

Contracts 529

Contracts Real Estate Housing Market Technology 529

Housing Wire

DECEMBER 29, 2020

On March 27, Congress passed the CARES Act to offer economic relief to those affected by the shut-downs, expanding unemployment benefits and offering mortgage forbearance to homeowners with mortgages backed or insured by the federal government, including Freddie Mac , Fannie Mae , VA and FHA. Approximately 4.3 Approximately 4.3

Mortgage 457

Mortgage Insurance Development Realtors 457

Housing Wire

MAY 14, 2024

In March, first-time buyers were responsible for 32% of sales, up from 26% in February and 28% a year prior, according to data from the National Association of Realtors. Real estate professionals in Santa Monica attribute the increased share of first-time buyers to having fewer move-up buyers in the market.

Buyers 354

Buyers Inventory Landlords Real Estate 354

Housing Wire

APRIL 11, 2022

The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built too many homes versus the real demand curve, and monthly supply proves that. Inventory from 2010 to 2019 was high enough that we didn’t see major bidding wars.

Inventory 492

Inventory Housing Market Marketing Modernization 492

Housing Wire

FEBRUARY 18, 2022

The National Association of Realtors reported that existing home sales for January came in as a big beat at 6.5 Existing home sales ended 2021 on a more positive note as mortgage demand picked up toward the end of the year. In a recent interview on Bazaar , I went into the details of how we got into this housing dilemma.

Inventory 456

Inventory Housing Market Buyers Investors 456

Housing Wire

SEPTEMBER 22, 2021

The National Association of Realtors reported existing home sales for August came in at a very tiny beat of estimates at 5,880,000. Now that we are a few days away from October, we can again say that the housing bubble boys and the forbearance crash bros have whiffed just as severely in 2021 as they did in 2020.

Realtors 522

Realtors Mortgage Housing Market Real Estate 522

Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. The National Association of Realtors reported that existing home sales fell last month while prices increased yearly. I have been talking about the range of inventory that I need to see to remove the ‘ savagely unhealthy’ housing market theme.

Inventory 505

Inventory Housing Market Marketing Realtors 505

Housing Wire

MARCH 29, 2022

The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built too many homes versus the real demand curve, and monthly supply proves that. Inventory from 2010 to 2019 was high enough that we didn’t see major bidding wars.

Inventory 404

Inventory Housing Market Marketing Modernization 404