Housing Wire

APRIL 9, 2024

A report released last week by the National Association of Realtors (NAR) said that Gen X homebuyers have a median income of $126,900, and are still years away from retirement. One analyst said that Gen X buyers are motivated to act now for aging-appropriate housing due to the state of the housing market. “If

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Buyers Construction Realtors Development 488

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). In 2023, new-home sales are up 5% year to date, Yun said.

Real Estate 450

Real Estate Inventory Sellers Realtors 450

Housing Wire

MARCH 21, 2023

economy and real estate markets, having worked at the National Association of Realtors and Move, Inc. before joining Realtor.com in 2021 where he led a team covering broader economic trends, housing activity and consumer issues. This housing market is responding to changes in the bigger monetary landscape,” Ratiu said.

Real Estate 380

Real Estate Real Estate Agent Housing Market Agents 380

Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. family houses in July 2022 were at a seasonally adjusted annual rate of 511,000, according to estimates released jointly today by the U.S. This is 12.6

Construction 369

Construction Housing Market Sellers Marketing 369

Housing Wire

JANUARY 21, 2021

An estimated 1.380 million housing units were started in 2020 – 7% percent above the 2019 figure of 1.29 Remarkably, most industry experts believe construction rates will climb even higher in 2021. “Supply-side headwinds will remain in 2021,” added Odeta Kushi, First American deputy chief economist.

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Construction Loan Officers Realtors Buyers 542

Housing Wire

DECEMBER 18, 2020

And it’s a trend that is only going to get worse, as real estate company Redfin reports that hot housing markets in major southern cities , including Austin, will become less affordable in 2021. They’re frustrated and seeking newly constructed homes or moving further out on the outskirts of Austin , she said.

Realtors 441

Realtors Inventory Housing Market Real Estate 441

Housing Wire

NOVEMBER 3, 2020

nationally by September 2021 as higher prices erode affordability. Home purchase demand managed to maintain pace through the summer, and now through the fall, as record low mortgage rates continued to encourage new borrowers to enter the market. Data from the National Association of Realtors and U.S. by September 2021.

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Inventory Housing Market Construction Marketing 463

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. We do not see new construction returning in a meaningful way any time soon. Our macro-outlook is that demand for housing will remain out of balance with supply for the mid to long term.

Mortgage 400

Mortgage Loan Officers Buyers Inventory 400

Housing Wire

MAY 10, 2023

This is the smallest 12 month increase since the year ending April 2021 and the 10th consecutive month of declines. Lawrence Yun , the National Association of Realtors ’ chief economist, took a stronger stance during the “Residential Economic Issues and Trends Forum” at NAR’s ongoing Legislative Meeting.

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Housing Market Insurance Realtors Buyers 341

Housing Wire

OCTOBER 7, 2022

So far this year, monthly job growth has averaged 420,000, down from 562,000 per month in 2021. The construction industry added 19,000 jobs in September, the majority (17,700) of which were specialty trade contractors, with 6,500 being residential specialty trade contractors. in August, with a total of 5.8 million unemployed persons.

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Construction Real Estate Realtors Housing Market 306

Housing Wire

FEBRUARY 25, 2021

in January from December, according to a report from the National Association of Realtors. Despite the decline, many industry observers see big potential for the housing market in the year ahead. And even with another month-to-month drop, pending home sales were 13% higher in January 2021 than they were in January 2020.

Supply Chain 399

Supply Chain Inventory Housing Market Contracts 399

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market.

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Renovations Realtors Construction Mortgage 376

Housing Wire

NOVEMBER 9, 2020

The news over the weekend that former Vice President Joe Biden is now president-elect elicited positive reactions from several real estate leaders who saw the upside for the housing market. Biden’s housing proposals include a $15,000 first-time homebuyer tax credit and he will focus on fair housing and affordable housing issues.

Real Estate 513

Real Estate Housing Market Marketing Construction 513

Housing Wire

MAY 27, 2021

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. Whether lenders want to lower costs or improve performance, outsourcing can strengthen a company’s operations regardless of the housing market.

Mortgage 457

Mortgage Inventory Housing Market Construction 457

Housing Wire

MAY 14, 2024

In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending. While we took some heat from raising this issue at that time, the proposed realtor settlement could mean that this now becomes a reality on the ground.

Sellers 295

Sellers Realty Insurance Realtors 295

Housing Wire

MARCH 8, 2021

While others might think of restarting outdoor activities or working in the garden, our industry is gearing up for a strong spring housing market – and the first step in what MBA is forecasting will be a record-breaking year of purchase origination volume. by the end of 2021. Exhibit 2 — click to enlarge.

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Supply Chain Inventory Construction Marketing 531

Lamacchia Realty

JANUARY 14, 2022

The Chelmsford office went from 67 sales in 2020 to 208 sales in 2021 (per MLSPIN 1/1/20 – 12/31/20 vs. 1/1/21 – 12/31/21). That is a 210% increase in sales in the first year, some of which can be attributed to the absorption of the Westford office in early 2021. Learn more about all of our Chelmsford REALTORS® here! marketing

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Realty Realtors Clients Agents 72

Housing Wire

SEPTEMBER 23, 2021

Mortgage rates have been in a deadlock for the past two months, struggling to crest 3%, despite expectations that 2021 would bring higher levels. Meanwhile, the housing market continues to lure buyers seeking their dream home as well as those looking to reduce their monthly payments through a mortgage refinancing.

Mortgage 441

Mortgage Inventory Construction Technology 441

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. Top Ranked Realtors: Paige Martin & The Houston Properties Team.

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Housing Market Marketing Real Estate Realtors 68

Lamacchia Realty

APRIL 6, 2022

has released their “Top Producing REALTORS®,” for March 2022! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Additionally, Shauna was recognized as a Top Producer for 2021. Lamacchia Realty, Inc.

Realtors 69

Realtors Realty Real Estate Agents 69

Housing Wire

OCTOBER 21, 2021

in September after waning in August, according to a new report National Association of Realtors released Thursday. decrease from August 2021. Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year.”. Existing-home sales rose 7.0% from a year ago.

Inventory 399

Inventory Buyers Realtors Contracts 399

Housing Wire

APRIL 13, 2022

Action must be taken to provide adequate credit access to homebuyers and encourage the housing market to expand opportunities for American households. The Hispanic homeownership rate grew moderately to 48.4%, partly due to organized advocacy and the work of Latino Realtors and lenders. in 2001 to 44.8%

Insurance 366

Insurance Construction Government Lending 366

Housing Wire

JUNE 22, 2021

million, the National Association of Realtors reported on Tuesday. The low amount of existing homes left on the market continued to experience overheated prices from consistent competition. According to the NAR, properties typically remained on the market for 17 days in May, unchanged from April and down from 26 days in May 2020.

Inventory 397

Inventory Buyers Realtors Housing Market 397

Cornerstone

JANUARY 19, 2021

These are the highlights: The expert outlook on the 2021 housing market is optimistic. Mortgage rates are expected to stay low, and increased buyer demand is anticipated to spur more home sales and keep driving up housing prices. What will the 2021 housing market look like? Reading Time: 2 minutes.

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Construction Housing Market Loan Officers Mortgage 61

Housing Wire

DECEMBER 28, 2021

By the end of 2019, just 4,608 people called the town home, However, by early 2021, the population was already rebounding, with roughly 6,000 people living in Paradise. Those prices are higher than the national median home price of $357,000 as of November, per the National Association of Realtors.

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Insurance Realty Agents Construction 305

Housing Wire

DECEMBER 15, 2021

HousingWire: What are the current challenges when it comes to affordable housing? Bill Dallas: As construction and labor costs have climbed, so, too, have home prices. from the previous year, marking the 116th straight month of year-over-year existing-home price increases, according to the National Association of Realtors.

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Finance Construction Law Inventory 334

Housing Wire

DECEMBER 29, 2020

Zillow Economist Matthew Speakman said that the pace of home-price appreciation should continue “ well into 2021.”. How the mortgage industry is working together to make housing more affordable. million, according to the National Association of Realtors. Housing starts rose 1.2% Census Bureau. million starts.

Buyers 542

Buyers Construction Realtors Inventory 542

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. I go into real estate offices and Realtors have zero listings for the week,” said the LO, who requested anonymity to protect the business of her partners. “I And it’s going to get worse.

Mortgage 375

Mortgage Loan Officers Inventory Retail 375

Housing Wire

NOVEMBER 2, 2022

“Even with the Federal Reserve raising its short-term fed funds rate by another large amount, longer-term interest rates look to move only slightly,” Lawrence Yun, chief economist at National Association of Realtors , said. million in September 2021. million units from 6.18

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Mortgage Sellers Contracts Buyers 388

Housing Wire

FEBRUARY 18, 2022

annually to $350,000, according to the Friday report from the National Association of Realtors. months of supply; a healthy market generally has between four and six months of supply. Homes priced between $100,000 and $250,000 were down 23% from January 2021, while sales of homes priced between $750,000 and $1 million rose 33%.

Supply Chain 404

Supply Chain Inventory Buyers Contracts 404

Housing Wire

JULY 6, 2023

trillion in mortgage originations in 2021. New-home sales are up 20% year over year as of May 2023 while sales of existing homes are down by the same level, resulting in new-home sales accounting for some 30% of total housing inventory. “As million more housing units to meet existing demand. “The housing affordability.”

Inventory 447

Inventory Renovations Real Estate Government 447

Housing Wire

JANUARY 13, 2023

The Mortgage Bankers Association ’s (MBA’s) most recent market forecast projects that overall mortgage origination this year will dip to $1.45 trillion in 2021 — a year in which 30-year fixed mortgage rates were about half of what they are today. “We by the end of 2023,” the MBA’s December market-forecast report states.

Marketing 399

Marketing Investing Investors Landlords 399

Housing Wire

NOVEMBER 1, 2022

That is not the case, in fact, SFR properties serve as a critical housing “safety valve,” providing an intermediate step toward home ownership. SFR is an attractive option for those seeking a better quality of life amid a persistently tight housing market. And the numbers back up this counter narrative.

Buyers 335

Buyers Tenants Housing Market Marketing 335

Will Springer Realtor

JANUARY 10, 2023

Each month, this blog will publish a fresh assessment of the King County area housing market. Will Springer, Realtor®. A patch of foul weather and persistent economic challenges chilled an already cold housing market. The Northwest MLS monthly housing report described it best: “December ends with a ‘whimper’.”.

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Housing Market Marketing Inventory Real Estate 36

Clear Capital

AUGUST 30, 2021

The August 2021 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at 6.4 Perhaps they would have fallen further without MBS support, but the evidence that their buying affects the housing market is sparse at best. . Download the report , or read it below.

Marketing 69

Marketing Real Estate Inventory Construction 69

DataMaster

JUNE 16, 2021

The number of constructed homes dropped below the million mark in 2008 for the first time since 1992. According to Freddie Mac , at the beginning of 2020, the housing supply was short by 2.5 Jump forward to June 2021, and according to the National Association of Realtors , the shortage increased to 5.5 million units.

Construction 174

Construction Law Landlords Development 174

Will Springer Realtor

APRIL 11, 2023

“After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” 

Housing Market 36

Housing Market Marketing Buyers Sellers 36