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. Unsold inventory sits at a 3.0-month

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Inventory Housing Market Marketing Realtors 512

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.

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Housing Market Marketing Inventory Mortgage 540

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. This sales trend looks very normal to me. My biggest fear for the U.S.

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Housing Market Marketing Inventory Realtors 541

Housing Wire

JANUARY 20, 2023

million, according to a report from the National Association of Realtors (NAR) released Friday. With the exception of May 2020, when the pandemic had virtually shut down housing market activity, this is the lowest level of monthly home sales in 12 years.” Despite the monthly drop, the unsold inventory at the end of December is up 10.2%

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Inventory Housing Market Realtors Buyers 384

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). It was the largest monthly jump in pending home sales since 2020. Looking ahead Confronted with limited existing home inventory, many buyers have pivoted to newly constructed homes. Pending home sales rose 8.3%

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Contracts Housing Market Construction Inventory 458

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 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. Total Inventory data fell in this report from 1.31 million to 1.28

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Inventory Housing Market New Listings Mortgage 458

Housing Wire

FEBRUARY 28, 2022

On Friday, the National Association of Realtors released its pending home sales data showing a third month of declines. From NAR : “Pending home sales slumped in January, continuing what is now a three-month drop in transactions, the National Association of Realtors reported. We ended 2020 with 5.64 Of the four major U.S.

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Inventory Housing Market Realtors Marketing 410

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. The real story in housing has been the price boom that we have seen since 2020.

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Housing Wire

DECEMBER 22, 2020

million, according to a report from the National Association of Realtors on Tuesday. Home sales in November took a marginal step back, but sales for all of 2020 are already on pace to surpass last year’s levels,” said Lawrence Yun, NAR’s chief economist. At the end of November, housing inventory declined yet again, totaling 1.28

Inventory 515

Inventory Housing Market Realtors Marketing 515

Housing Wire

DECEMBER 21, 2022

million , according to a report from the National Association of Realtors (NAR) released Wednesday. In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” Lawrence Yun, NAR’s chief economist, said in a statement. percentage points).

Mortgage 384

Mortgage Inventory Realtors Real Estate 384

Housing Wire

MARCH 21, 2023

million homes, according to a report from the National Association of Realtors (NAR) released Tuesday. monthly gain reported in July 2020. While the uptick in sales pace is certainly good news for the real estate industry , it is not as great for the continuous issues with low inventory. in February on a yearly basis.

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Inventory Realtors Real Estate Housing Market 384

Housing Wire

JUNE 22, 2021

million, the National Association of Realtors reported on Tuesday. from May 2020 ($283,500). “Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” said Lawrence Yun, NAR’s chief economist.

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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.” Over the last four weeks ending on Sept.

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Real Estate Agent Real Estate Agents Realtors 546

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.

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Inventory Contracts Training Investors 530

Housing Wire

MAY 10, 2022

As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers.

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Housing Market Realtors Buyers Inventory 450

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 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. Unsold inventory sits at a 2.0-month

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Housing Market Marketing Inventory Mortgage 491

Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. presentation slide for investors in the SPAC that took it public, also in 2020. Growth prospects At the end of September 2022, Opendoor had 16,873 homes in inventory. “The largest, undisrupted market in the U.S.,”

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Marketing Inventory Renovations Investors 421

Housing Wire

NOVEMBER 30, 2020

in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices.

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Housing Wire

SEPTEMBER 17, 2021

of offers written by Redfin agents faced a bidding war, down from the peak in April of 74.3%, and below the August 2020 bidding war rate of 59.4%. The report attributes this decrease to the normal seasonal slowdown, causing the shortage of inventory to slow as well. In 2018-2019, total housing inventory was in the range between 1.52

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Buyers Inventory Real Estate Agent Agents 441

Housing Wire

JULY 13, 2021

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. In 2018-2019, total housing inventory was in the range between 1.52 in May and a peak of 74.1%

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Inventory Housing Market Real Estate Agent Buyers 500

Housing Wire

MAY 27, 2021

In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually. Record low rates lit the fire under what was a scorching hot market in 2020 with some economists speculating rising rates may be the best option for cooling it back down.

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Housing Wire

SEPTEMBER 8, 2022

This can lead to home prices getting out of control , especially when total inventory gets to all-time lows. We finally paid the price — pun intended — of not having enough product, with massive home price gains from 2020-2022. million homes for sale, but in 2022 we got as low as 870,000 in total inventory.

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Inventory Law Housing Market Design 544

Housing Wire

APRIL 23, 2021

A National Association of Realtors’ report from 2020’s end found the highest volume of home sales since 2006. But the NAR reported this week that home sales in March fell for the second month in a row as inventory plunged and home prices climbed to record levels. But with a third of U.S.

Inventory 441

Inventory Housing Market Realtors Marketing 441

Housing Wire

FEBRUARY 23, 2024

Here are some charts reviewing today’s report with a host of data lines from the NAR existing home sales report: [link] A few critical glaring points: active inventory is still historically low, and so is monthly supply data. Cash sales rising year over year looks normal as mortgage demand is lower year over year.

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Inventory Mortgage New Listings Marketing 473

Housing Wire

AUGUST 6, 2020

mortgage rates for a 30-year fixed mortgage fell to an all-time low of 2.88% this week, the eighth time in 2020 the weekly rate has set a record in a Freddie Mac series that goes back almost five decades. In June, the inventory of homes on the market fell to a four-month supply, according to the National Association of Realtors.

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Mortgage Inventory Buyers Housing Market 512

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 421

Inventory Renovations Contracts Buyers 421

Housing Wire

FEBRUARY 21, 2023

million, according to a report from the National Association of Realtors (NAR) released Tuesday. 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. from December to a pace of 4.00 in January.

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Inventory Buyers Housing Market Contracts 370

Housing Wire

NOVEMBER 4, 2022

The National Association of Realtors (NAR) released a report on Friday that found 88% of all first-time homebuyers in the U.S. Lautz said she is not surprised by the record -ow number of first-time buyers, attributing the reasons to housing affordability, high home prices, rising interest rates and lack of home inventory.

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Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. It’s not uncommon to hear that bids on homes are that high, according to Stacie Herrig, a Realtor with Epic Realty in Meridian, Idaho, and sometimes she can see 10 to 20 offers on a home.

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Marketing Realty Realtors Housing Market 533

Housing Wire

NOVEMBER 12, 2020

According to the National Association of Realtors 2020 Profile of Home Buyers and Sellers, 47% of potential homebuyers said student loan debt was the biggest obstacle in saving for a downpayment. Over the course of this year, home prices have continued to tick upward due to low inventory and high demand.

Buyers 458

Buyers Realtors Sellers Inventory 458

Housing Wire

SEPTEMBER 13, 2021

Overall, however, new home listings are down 7% from a year ago and total active home listings are down 23% from 2020, Redfin said. This limited inventory and strong demand is reflected in the 14% increase of the median home-sale price to $358,250, with the median asking price of newly listed homes at $353,500.

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Housing Market Marketing Inventory Brokerage 538

Housing Wire

APRIL 22, 2021

According to the National Association of Realtors, March’s existing-home sales came in at 6.01 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%. So take this year-over-year demand data with a grain of salt.

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Housing Market Marketing Realtors Inventory 539

Housing Wire

AUGUST 27, 2020

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. The seasonally-adjusted index measuring signed contracts was up 15.5% million, a 1.1%

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Contracts Realtors New Listings Real Estate 485

Housing Wire

FEBRUARY 10, 2023

Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire. So more realtors in the area have started working with us. Kim : What did you do differently from the refi boom years of 2020 and 2021? Buyers seem like they can’t get a break,” Kechian said. “I

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Marketing Inventory Loan Officers Buyers 370

Housing Wire

JUNE 3, 2021

Home prices continue to accelerate while inventory remains low and new home construction cannot happen fast enough,” said Sam Khater, Freddie Mac’s chief economist. over the past month, they are still around 20 to 30 basis points higher than the record lows in late 2020, he said. according to the National Association of Realtors.

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Mortgage Inventory Construction Realtors 370

Appraisal Buzz

OCTOBER 21, 2021

Boosted by an increase in inventory, existing-home sales jumped 7% in September compared with August to a seasonally adjusted annual rate of 6.29 million, according to the National Association of Realtors (NAR). compared with September 2020. However, existing-home sales were down 2.3% in the Northeast, 5.1% in the Midwest, 8.6%

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Housing Wire

MARCH 26, 2021

But the East Coast seaside town was gaining popularity way before then – millennials , especially, began flocking to the Portland housing market in 2020 to take advantage of the city’s growing startup scene of biotechnology , bioscience and biopharma. ” And that low inventory is driving prices higher. year over year.

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Housing Market Marketing Real Estate Inventory 466