Housing Wire

FEBRUARY 23, 2024

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb.

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Housing Market Marketing Inventory Buyers 464

Housing Wire

JUNE 22, 2023

The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Nothing good happens in the housing market when the days on market are at a teenager level or lower. million in May.

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Housing Market Marketing Inventory Law 506

Housing Wire

APRIL 23, 2023

Can we now say that the housing market ‘s spring selling season is finally underway? Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. months shows how far we are from 2008 housing economics.

Inventory 543

Inventory Housing Market Marketing New Listings 543

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. So when I talk to loan originators today, I harken back to my early days when fixed mortgage rates were over 14% and there were absolutely no refinances to be had.

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Housing Market Marketing Supply Chain Mortgage 513

Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. Have higher rates worked? million.

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Housing Market Marketing Mortgage Inventory 492

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. This is why the days on the market are so low historically after 2020.

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Housing Market Marketing Inventory Mortgage 526

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. Mortgage rates. Home price s.

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Housing Market Marketing Inventory New Listings 529

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. Housing permits and starts are falling now, even with the backlog of homes in the system. With less transaction volume , general incomes in the housing sector are falling.

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Housing Market Marketing Inventory Sellers 545

Housing Wire

FEBRUARY 21, 2023

Last June, the Federal Reserve said it wanted a housing reset , which meant it wanted higher mortgage rates to destroy the housing market. Today, the Federal Reserve achieved its primary goal; the days on the market are now above 30 days, which was the most important data line to get housing back to somewhat normal.

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Housing Market Marketing Inventory Buyers 401

Housing Wire

MARCH 18, 2022

You can see why I have been on team higher mortgage rates for some time now because we don’t have any other way to get off this madness. Total inventory data is deficient, and this was my biggest fear in the years 2020-2024, and it happened. One of the critical data lines that I want to see improve this year is days on market.

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Housing Market Marketing Inventory Sellers 540

Housing Wire

JANUARY 23, 2023

Here’s the housing market rundown for the last week: Purchase application data had a solid week-to-week gain of 25%. Housing inventory decreased by 566 units, which is not a significant decline. Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important.

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Housing Market Marketing Inventory New Listings 502

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The other focus should be where mortgage rates go; only a little happened last week. Since 2020, the seasonal inventory bump has happened later than usual — not until March or April.

Inventory 510

Inventory Housing Market Marketing New Listings 510

Housing Wire

SEPTEMBER 22, 2020

With that in mind, I would like to revisit my 2020 thoughts on the U.S. housing market and compare those to where we are today — in the middle of one of the most epic years in our country’s history, due to COVID-19. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market.

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Housing Market Marketing Construction Buyers 542

Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Traditionally, we do see housing inventory fall in the month of December, however, we clearly saw in the second half of 2022 that higher rates created more days on the market and inventory was lingering longer. That’s a big one-week change.

Inventory 519

Inventory Housing Market Marketing New Listings 519

Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. The real story in housing has been the price boom that we have seen since 2020.

Housing Market 514

Housing Market Marketing Inventory Realtors 514

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. Now that mortgage rates have risen, demand is getting hit, while we are still showing 14.8%

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Housing Market Marketing Inventory Mortgage 539

Housing Wire

FEBRUARY 20, 2023

Another week down in 2023 and we’re seeing crazier action in the housing market as purchase application data fell, mortgage rates rose again, and weekly inventory took another dive with a noticeable move lower in new listing data. Mortgage rates hit 6.80%, marking the high point for 2023 so far.

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Inventory Housing Market Mortgage Marketing 371

Housing Wire

MAY 21, 2021

Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. Mortgage purchase applications also decreased 4% week over week. The post Is housing market demand starting to weaken?

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Housing Market Marketing New Listings Mortgage 539

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. The first half of the year, with mortgage rates in the 3s and 4s, was like “Fast and Furious.” ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!)

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Housing Market Marketing Real Estate Agent Real Estate 490

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

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Housing Market Buyers Agents Marketing 391

Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. at the end of 2022.

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Housing Market Marketing Inventory Buyers 353

Housing Wire

OCTOBER 10, 2022

Despite continued home price appreciation and a volatile mortgage rate environment that has resulted in the least affordable housing market in decades, there remains a minority of consumers who still feel that now is a good time to buy a home. The housing market index fell 1.2 points in September to 60.8,

Housing Market 389

Housing Market Marketing Real Estate Agent Real Estate 389

Housing Wire

MAY 7, 2023

We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell. Mortgage rates fell last week as we started the week at 6.73%, got as low as 6.43% to end the week at 6.5%. Mortgage rates fell to a low of 6.43% then ended the week at 6.5%.

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Inventory Housing Market Marketing New Listings 482

Housing Wire

JULY 29, 2021

The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire’s Lead Analyst Logan Mohtashami answered questions on what to make of the latest housing data, his forecast for the rest of this year, and whether or not the housing market is returning to normal. This was my big fear. Become a member today.

Housing Market 532

Housing Market Marketing Buyers Mortgage 532

Housing Wire

AUGUST 13, 2021

The aftermath of the COVID-19 crisis, plus solid housing demographics, has created a genuine problem with housing inventory. Record low inventory has resulted in a hectic housing market with forced bidding becoming typical rather than the exception. In February of 2020, housing demand started to pick up.

Inventory 510

Inventory Housing Market Marketing Buyers 510

Housing Wire

MAY 21, 2021

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. I have been saying we should expect home sales to moderate since the end of summer 2020, and that is what we see in this report. The post Existing home sales data: A bad sign for housing market?

Housing Market 540

Housing Market Marketing Inventory Realtors 540

Housing Wire

DECEMBER 28, 2020

Although I had pockets of joy in 2020, these moments were subsumed in a haze of stress, uncertainty and fear for our country. 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. In 2020, the U.S.

Housing Market 545

Housing Market Marketing Law Mortgage 545

Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. housing market; the 10-year is above 1.94%, something that didn’t happen in 2020 or 2021. million and 6.16 million to 4.98

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Housing Market Marketing Inventory Mortgage 478

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. Weekly inventory change (Feb.

Housing Market 398

Housing Market Marketing Inventory New Listings 398

Housing Wire

FEBRUARY 15, 2021

The years 2020-2024 will have the best housing demographics ever recorded in U.S. history, with the lowest mortgage rates recorded in history. In 2020, the year of COVID-19, existing home sales ended at a respectable 5,640,000. That is roughly only 130,000 higher than the levels we saw in 2017.

Housing Market 539

Housing Market Mortgage Marketing 539

Housing Wire

JANUARY 30, 2023

Here’s the housing market rundown for the last week: Purchase application data showed positive weekly growth again — and the bounce from the bottom is more noticeable now. Housing inventory decreased by 6,468 units, a more pronounced decline from the previous week. And, so far, it’s been a good start to the year.

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Inventory Housing Market Marketing Mortgage 486

Housing Wire

DECEMBER 29, 2021

A bullish housing market. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. economy continue to recover from the lows of April of 2020, but the 2021 economic data shows it has been one of the hottest years in many decades. What a year 2021 has been.

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Housing Market Marketing Construction Mortgage 522

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Long-term mortgage rates responded by rising from 3.25% in early 2022 to over 7.25% in October 2022, more than doubling. The overall U.S.

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Housing Market Marketing Inventory Sellers 410

Housing Wire

APRIL 22, 2021

Because March 2020 sales were slightly weaker due to the start of COVID-19, the year-over-year growth in sales for March 2021 came in at 12.3%. For the housing market, the COVID crisis started in earnest the week of March 23, as that is the last week we saw positive year-over-year data in 2020 before COVID-19 really took us for a ride.

Housing Market 538

Housing Market Marketing Realtors Inventory 538

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. In mid-June 2023, the statewide 90-day average Altos Market Action Index score hit a high for year of 53.99, before sliding down to a trough of 40.03 Altos considers anything above a reading of 30 to be a seller’s market. in mid-January 2024. as of February 29, 2024.

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Housing Market Marketing Inventory Construction 395

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Let’s dive into the trend lines of the housing market. The show-me part of the housing market starts with this bounce from an extreme bottom. Weekly inventory change (Jan.

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Inventory Housing Market Marketing New Listings 434

Housing Wire

JUNE 7, 2021

Homebuyers are feeling pretty discouraged by the housing market these days. In fact, four of the HPSI’s six components measuring market expectations increased month over month. points higher than it was in May 2020, when forbearance and unemployment heavily weighed down consumer sentiment. The HPSI is still 12.5

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Housing Market Marketing Sellers Mortgage 535