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

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. However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% pending home sales fell 1.1% compared to a year ago. Presented by: Fannie Mae.

Realtors 532

Realtors Inventory Contracts Development 532

Housing Wire

OCTOBER 20, 2022

Higher mortgage rates continued to impact home sales over the last month, with existing home sales declining in September for the eighth consecutive month, according to a report from the National Association of Realtors (NAR). . regions experiencing month over month contractions. .” million in September 2021. in May 2021.

Inventory 367

Inventory Mortgage Contracts Realtors 367

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. Of the four major U.S. million – 6.2

Inventory 398

Inventory Housing Market Realtors Marketing 398

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. From NAR Research : “Total existing-home sales notched a minor contraction of 0.4%

Inventory 437

Inventory Housing Market New Listings Mortgage 437

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. its highest level since January 2021. 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. lower than the same time last year.

Contracts 355

Contracts Inventory Housing Market Marketing 355

Housing Wire

JULY 24, 2023

Last week the National Association of Realtors (NAR) reported that existing home sales declined in June to an annual rate of 4.2 Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. Homes typically take 30-45 days in contract.

Inventory 285

Inventory Contracts New Listings Buyers 285

Housing Wire

OCTOBER 21, 2021

in September after waning in August, according to a new report National Association of Realtors released Thursday. 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. decrease from August 2021. from a year ago.

Inventory 399

Inventory Buyers Realtors Contracts 399

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.

Housing Market 400

Housing Market Realtors Buyers Inventory 400

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’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% annually to $350,000, according to the Friday report from the National Association of Realtors. Homes went under contract in just 19 days on average, down from 21 a year ago. January sales fell 2.3% from a year ago.

Supply Chain 404

Supply Chain Inventory Buyers Contracts 404

Housing Wire

FEBRUARY 25, 2021

in January from December, according to a report from the National Association of Realtors. 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.

Supply Chain 399

Supply Chain Inventory Housing Market Contracts 399

Housing Wire

MAY 11, 2021

the biggest increase in luxury-home sales in the first quarter of 2021 was Miami, with sales up 101.1% The consequences of low inventory finally caught up with the broader housing market in February, with tightened supply largely responsible for a 10.6% When looking at the largest markets in the U.S., from a year earlier.

Mortgage 440

Mortgage Inventory Contracts Buyers 440

Housing Wire

OCTOBER 12, 2022

million units this year from 2021, a further downward revision from September’s projected 17.2% million, according to the National Association of Realtors. annualized in the third quarter of 2022 due to strong net export and inventory investment activity, before contracting 0.7% contraction in real GDP in 2023.

Contracts 414

Contracts Modernization Housing Market Mortgage 414

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

DataMaster

JANUARY 15, 2021

Appraising in 2021. While we have no crystal ball, we will examine 2020’s real estate and make a foray into predicting what 2021 will do. Will appraising in 2021 be better or worse than in 2020? With all of this selling going on, appraising in 2021 will stay strong! Is this rate of selling sustainable for 2021?

Appraisal 147

Appraisal Construction Business Real Estate 147

Housing Wire

FEBRUARY 28, 2023

year over year in 2022, according to data from the National Association of Realtors , home prices still managed to rise 5.8% For 2022 as a whole, the National Composite rose by 5.8%, the 15th best performance in our 35-year history, although obviously well below 2021’s record-setting 18.9% However, even as existing home sales fell 17.8%

Inventory 363

Inventory Housing Market Contracts Realtors 363

Housing Wire

JULY 29, 2021

in June, according to the National Association of Realtors , which tracks the metric. (An An index of 100 is equal to the average level of contract activity during 2001, the first year examined. million in 2022 from 6 million in 2021. The overall pending home sales index fell 1.9% million.). .”

Marketing 433

Marketing Buyers Realtors Real Estate 433

Housing Wire

APRIL 21, 2021

year-over-year in the first quarter of 2021, crushing sales of affordable homes (7% increase) and mid-priced homes (5.9%), per a recent report from Redfin. Lack of inventory , a national housing issue following the onset of the pandemic, isn’t an issue for luxury homes. Sales of luxury homes rose 41.6% from a year earlier.

Luxury Properties 483

Luxury Properties Real Estate Agent Inventory Real Estate 483

Housing Wire

AUGUST 31, 2021

With little inventory, home-price growth in the U.S. annual growth rate logged the month prior, in May 2021. “While the housing market feels like it has legs that never get tired, inventory and affordability constraints are still expected to put a damper on price growth,” said CoreLogic Deputy Chief Economist Selma Hepp.

Housing Market 433

Housing Market Inventory Buyers Real Estate 433

Housing Wire

DECEMBER 19, 2022

Also helping buyers is an increase in housing inventory, Ridenour Lindsey said. “It It is hard to tell if more homes are being listed or if things are just sitting a bit longer, but there is definitely more inventory,” she said. Ward said this slowdown has led to an increase in housing inventory. Destin, Florida.

Marketing 322

Marketing Inventory Buyers Housing Market 322

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

Mortgage 388

Mortgage Sellers Contracts Buyers 388

Housing Wire

MARCH 26, 2021

were heading to Portland in January and February of 2021. ” Diving into the housing numbers, Davin said Portland’s current absorption rate is 0.98 – meaning agents have less than one month of inventory of residential properties. ” And that low inventory is driving prices higher. . year over year.

Housing Market 451

Housing Market Marketing Real Estate Inventory 451

Housing Wire

JULY 28, 2022

But they do agree on one thing: Higher interest rates will quell housing demand, which will allow inventory to rebound and, eventually, spur the return of reluctant buyers. Lawrence Yun, chief economist for the National Association of Realtors, doesn’t believe raising interest rates by 75 bps will have an effect on mortgage rates.

Housing Market 300

Housing Market Marketing Loan Officers Buyers 300

Lamacchia Realty

FEBRUARY 22, 2022

The 2021 Massachusetts Year in Review Housing Report breaks down average prices, sales, inventory, new active listings, and pending sales for 2021 compared to 2020 and illustrates what that means for the current market. You can see that 2021 was much higher than 2020, but also take note of where prices for January 2022 landed.

Inventory 51

Inventory Sellers Buyers Real Estate 51

Empire Appraisal Group

JUNE 22, 2022

Florida Realtors economist : In 1Q 2022, half of new Fla. listings went under contract in 12 days – but look beyond that one statistic to see the shift in market speed. ORLANDO, Fla –Florida Realtors market metrics – such as closed sales, median sale price and active inventory – summarize what’s happening in your market.

Marketing 78

Marketing Contracts Realtors Tools 78

Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.

Agents 383

Agents Buyers Sellers Inventory 383

Empire Appraisal Group

FEBRUARY 29, 2024

Indeed, the National Association of Realtors®’ (NAR) 2023 Profile of Home Buyers and Sellers found that 89% of buyers and sellers in the last year used a real estate agent, up from the previous year. Only 7% of homeowners sold as a FSBO over the last year – which matches the all-time low recorded in 2021, according to NAR data.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

APRIL 20, 2022

As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. Just how we do contracts now is so much faster. In 2021, 6.12

Real Estate Agent 371

Real Estate Agent Real Estate Agents Brokerage 371

Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9%

Inventory 54

Inventory Sellers Buyers Contracts 54

Lamacchia Realty

DECEMBER 19, 2023

2023: 4,890 2022: 4,924 2021: 5,992 Pending Home Sales: The number of homes placed under contract is down by 12% when compared to November 2022. 2023: 4,691 2022: 5,333 2021: 7,485 Price Reductions: The number of price reductions is down 4% when compared to November 2022. What does this mean for Buyers ?

Real Estate 63

Real Estate Sellers Buyers Realtors 63

Lamacchia Realty

JUNE 18, 2021

ARE YOU A WANT-TO-BE-SELLER IN 2021? A lot of people are wondering about how the current situation impacts otherwise normal questions about inventory and when the right time would be to list. Inventory started low in 2020, and then dropped even lower in March during the stay-at-home mandates. Worried about having to move twice?

Sellers 67

Sellers Realty Buyers Realtors 67

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. percent) below the July 2021 estimate of 726,000. This means that the builders are done building new single-family homes until they make sure they can get rid of their 10.9

Construction 369

Construction Housing Market Sellers Marketing 369

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. 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. The debt level, both current and anticipated in 2021, is worrisome.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Lamacchia Realty

DECEMBER 19, 2023

2023: 2,765 2022: 2,617 2021: 3,476 Pending Home Sales: The number of homes placed under contract is down by 5.2% 2023: 2,697 2022: 2,846 2021: 4,182 Data provided by SmartMLS then compared to the prior year. Inventory levels in Connecticut are not increasing nearly enough to meet the buyer demand in the market.

Real Estate 57

Real Estate Sellers Home Value Buyers 57

Lamacchia Realty

DECEMBER 19, 2023

2023: 1,321 2022: 1,231 2021: 1,530 Pending Home Sales: The number of homes placed under contract is up by 0.7% 2023: 1,336 2022: 1,327 2021: 1,861 Data provided by NEREN then compared to the prior year. Even though inventory levels are increasing, they aren’t increasing enough to meet the buyer demand in the market.

Real Estate 56

Real Estate Sellers Buyers Realtors 56

Lamacchia Realty

DECEMBER 28, 2021

2021 Recap. 2021 is going down in history as a historical year for the housing market across America. The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. But not in 2021. In fact, our REALTORS had multiple properties that had over 30 offers!

Sellers 74

Sellers Inventory Buyers Realtors 74