Housing Wire

AUGUST 7, 2023

As a result, the available inventory of homes for sale is slightly higher each week. Higher mortgage rates mean higher monthly payments, less affordability for home buyers and slightly fewer transactions. With fewer transactions, inventory is building just a bit as we approach the end of the summer.

Inventory 282

Inventory New Listings Contracts Buyers 282

Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. million in January down to about 4 million in December, We now have total inventory levels near all-time lows again. In one of the most historical years in the U.S.

Inventory 536

Inventory Housing Market New Listings Marketing 536

Housing Wire

MAY 6, 2024

Inventory increases aren’t occurring at a super fast pace, but the number of homes on the market across the country keeps expanding. Elevated mortgage rates slow demand so that inventory grows, but in years past, the total sales volume has been restricted by the limited supply. Let’s dig further into the details of the U.S.

Inventory 392

Inventory Contracts Sellers New Listings 392

Housing Wire

MARCH 25, 2024

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. Housing inventory The available inventory of unsold homes continued to climb last week. Last year, inventory was still declining in March. Now it’s on the rise.

New Listings 479

New Listings Inventory Contracts Sellers 479

Housing Wire

AUGUST 3, 2021

Home prices continue to increase as national inventory levels remain low heading into August. But relief for buyers could be coming in the next 12 months. gain by this time next year, as ongoing affordability challenges deter potential buyers — as well as an uptick in new for sale listings. from June 2020. from June 2020.

Buyers 498

Buyers Inventory Realtors Contracts 498

Housing Wire

MAY 28, 2021

Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market. The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. from a year ago. from a year ago.

Buyers 413

Buyers Real Estate Agent Real Estate Inventory 413

Housing Wire

APRIL 22, 2021

“I’m on my way with a client to show them a house that’s literally just gotten on the market, and by the time we get there, it’s already under contract with someone else,” she said. There’s less than 30 days worth of inventory for homes under $300,000 right now.” “It’s just insane.

Buyers 423

Buyers Inventory Renovations Realty 423

Housing Wire

JANUARY 26, 2024

It was the largest monthly jump in pending home sales since 2020. For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. in December, up from 71.6 in November. year over year.

Contracts 445

Contracts Housing Market Construction Inventory 445

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. in 2022.

Inventory 414

Inventory Renovations Contracts Buyers 414

Housing Wire

AUGUST 1, 2023

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. The number of buyers has been surprising. The median price of the homes in contract is $385,000. Both lines indicate about 70,000 contracts.

Inventory 341

Inventory Contracts Buyers Mortgage 341

Housing Wire

MARCH 24, 2021

Refinance activity dropped to its slowest pace since September 2020 – down a full 5% – with declines in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. Inadequate housing inventory continues to put upward pressure on home prices,” Kan said.

Mortgage 467

Mortgage Contracts Inventory Buyers 467

Housing Wire

JULY 14, 2021

drop in applications to the lowest level since January 2020. “We continue to see ebbs and flows as housing demand remains strong, but for-sale inventory remains low,” he said. The prior week ‘s report showed a 1.8% The refinance share of activity of total mortgage applications increased to 64.1% from 61.6%

Mortgage 510

Mortgage Contracts Inventory Investors 510

Housing Wire

JULY 24, 2023

Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. In the chart below, the light portion of each bar represents the new contracts each week. But, there were another 15,000 condos and townhomes that went into contract this week.

Inventory 285

Inventory Contracts New Listings Buyers 285

Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. 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% in October.

Inventory 527

Inventory Contracts Training Investors 527

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. Increased inventory of homes for sale, near historic low mortgage rates and favorable demographics means more housing demand, ” Odeta Kushi, the First American deputy chief economist said in a statement. rose 8% month-over-month from July to August, though the figure was still 8.3%

Contracts 355

Contracts Inventory Housing Market Marketing 355

Housing Wire

SEPTEMBER 22, 2022

With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years. Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%. million in August.”

Inventory 437

Inventory Housing Market New Listings Mortgage 437

Housing Wire

SEPTEMBER 11, 2023

The good news for homeowners is that home values in most areas remain stable, and inventory levels for homebuyers are still low. MC: The demand for REO assets remains strong, with inflows and overall REO inventory levels remaining significantly less than post-Q1 2020 inventories.

Inventory 369

Inventory Technology Design Tools 369

Housing Wire

MAY 10, 2023

For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity. There’s still plenty of money and demand emanating from New York City and Philadelphia and very little inventory. I mean very little inventory.

Loan Officers 333

Loan Officers Marketing Inventory Real Estate Agent 333

Housing Wire

NOVEMBER 30, 2020

However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices. compared to a year ago. Year over year, pending sales are showing promise in every region of the U.S,

Realtors 532

Realtors Inventory Contracts Development 532

Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% The KAAR also said housing inventory dropped for six straight months to start the new year. year-over-year. It’s like a horse race.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Housing Wire

FEBRUARY 21, 2023

This is the lowest level of home sales activity since May 2020 when the COVID-19 pandemic had shut down much of the economy,” Lisa Sturtevant, the Bright MLS chief economist said in a statement. Inventory remains low, but buyers are beginning to have better negotiating power,” Yun added. from December to a pace of 4.00

Inventory 343

Inventory Buyers Housing Market Contracts 343

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. Kanacki said that when it came to seasonal buying, “we’re still riding the wave with 2020.” Now, believe it or not, fall home-buying season is in full swing.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

OCTOBER 18, 2021

The report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes. NAHB attributes this increase to strong consumer demand for homes.

Supply Chain 519

Supply Chain Inventory Buyers Housing Market 519

Housing Wire

JUNE 8, 2022

“The purchase market has suffered from persistently low housing inventory and the jump in mortgage rates over the past two months. These worsening affordability challenges have been particularly hard on prospective first-time buyers,” Kan added. In May, the inventory of homes for sale rose 8%, marking the first rebound since June 2019.

Mortgage 392

Mortgage Inventory Contracts Retail 392

Housing Wire

FEBRUARY 25, 2021

And inventory shortages are the culprit. But many would-be buyers have also been thwarted by comically low resale inventory, as well as supply chain constraints and escalating materials costs that have made life difficult for homebuilders. All four areas saw contract transactions increase from a year-over-year standpoint.

Supply Chain 399

Supply Chain Inventory Housing Market Contracts 399

Housing Wire

MAY 25, 2022

from a week earlier, “close to lows last seen in the spring of 2020 when a significant portion of activity was put on hold due to the onset of the pandemic,” said Kan. Currently, higher rates, low inventory, and high prices are keeping prospective buyers out of the market.”. The seasonally adjusted purchase index rose 0.2%

Mortgage 399

Mortgage Contracts Retail Inventory 399

Housing Wire

OCTOBER 21, 2021

“The gain in existing home-sales in September reflects contracts signed earlier in the summer,” Mike Fratantoni, MBA SVP and chief economist said in a statement. Year-over-year, inventory of unsold homes decreased 13% in September to 1.27 The median existing-home sales price rose again in September to $352,800, a 13.3%

Inventory 399

Inventory Buyers Realtors Contracts 399

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% 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 annualized pace in the second half of 2020.

Contracts 477

Contracts Realtors New Listings Real Estate 477

Housing Wire

FEBRUARY 28, 2022

regions, only the West registered an increase in month-over-month contract activity. My premise was that the pending home sales data should moderate from the surge in make-up demand we saw in 2020 and then spill over into the first two months of 2021. “The We ended 2020 with 5.64 Of the four major U.S. million – 6.2

Inventory 398

Inventory Housing Market Realtors Marketing 398

Housing Wire

MAY 10, 2022

These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process. The homeownership rate for Black Americans has actually declined between 2010 and 2020 and stands at 43.4%, while the homeownership rate for white Americans is 72.1%. While the homeownership rate in the U.S.

Housing Market 400

Housing Market Realtors Buyers Inventory 400

Housing Wire

OCTOBER 24, 2022

It’s now October, we’ve had the biggest spike in mortgage rates we’ve seen in decades, and all the signs of a slowdown are here: Inventory is rising. The big question is: how long will the market contraction last and when should we expect things to heat back up? Home buyers got spooked when mortgage rates passed 5.5%.

Real Estate 308

Real Estate Marketing Inventory Sellers 308

Hank Miller Team

JANUARY 23, 2023

That message however, is often taken at face value and some home buyers expect a bargain basement spring. Best advice as to what home buyers should expect in the spring of 2023.understand Home buyers had a rough couple of years. Overnight and over the months, buyers fell out, unable to qualify as rates rose.

Buyers 98

Buyers Inventory Agents Contracts 98

Housing Wire

MARCH 26, 2021

But that’s not stopping buyers from snatching up homes days after they’re listed. During a four-week period ending March 21 and covering 400 metros, 58% of homes that went under contract had an accepted offer within the first two weeks on the market. Increasing Lending and Servicing Capacity – Regardless of Rates.

Inventory 545

Inventory Contracts Construction Lending 545

Housing Wire

JANUARY 29, 2021

However, contract signings rose 21.4% Realtor.com’s Housing Market Recovery Index showed significant contract growth, specifically in Portland, Las Vegas, Denver, Los Angeles, and Boston. There is a high demand for housing and a great number of would-be buyers, and therefore sales should rise with more new listings,” Yun said.

Contracts 529

Contracts Real Estate Housing Market Technology 529

Hank Miller Team

APRIL 6, 2022

It's time to answer the nagging question…did housing inventory in Atlanta increase during the first quarter of 2022? The broad market was strong and largely balanced through Jan 2020. Detached homes are the most popular type in the Atlanta market; this is a look at them since Jan 2020. consider this a broad overview.

Inventory 94

Inventory Contracts Buyers Sellers 94

Birmingham Appraisal

JULY 27, 2022

Do Buyers Have a Leg Up In Today’s Market? The smell of a market shift is in the air but what does this mean for the average buyer? Over the past two years, buyers have been put through the wringer. The steep rise in home prices, and the market’s competitive nature, have tested the resolve of buyers.

Buyers 90

Buyers Inventory Sellers Appraisal 90

Housing Wire

AUGUST 11, 2021

It was the highest month-to-month growth since August of 2020. With low for-sale inventory keeping home-price appreciation in many markets at record highs, the jump in FHA purchase applications is potentially a sign that more first-time buyers are finding purchase options despite the high prices,” Kan said. Last Friday, the U.S.

Mortgage 393

Mortgage Contracts Inventory Housing Market 393