Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. in 2022 but will drop to 4% in 2023. in 2022 but will drop to 4% in 2023.

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Housing Wire

MAY 11, 2024

But since 2022, the spreads between them have gotten worse, meaning mortgage rates are abnormally higher than they should be. However, this year, even though the spreads are still historically bad, they’ve improved over last year, which is a plus for the housing market.

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Housing Wire

MAY 28, 2024

Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. There are more homes on the market now than anytime since August 2020. Rates were jumping and so was inventory.

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Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. It also downsized its 2022 mortgage origination volume forecast by $55 billion to $3.25 trillion from the $4.36 growth projection.

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Housing Wire

FEBRUARY 16, 2023

Looking at the latest NAHB/Wells Fargo homebuilder confidence data and builder stock prices, I can say the homebuilders got very lucky this time around in the middle of a housing recession. They have less competition as they are working from low sales levels in today’s housing market. percent (±15.9 percent (±10.6

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Housing Wire

JANUARY 19, 2024

from December 2022 to $382,600 – the sixth consecutive month of year-over-year price increases. Something notable about this report: Total active listings as the NAR tracks them almost broke under 1 million again. Our tracker articles have a lot more details about the current weekly market and we publish those each Saturday.

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Housing Wire

JUNE 26, 2023

Current housing market dynamics continue to be fueled by the lack of existing homes available for sale, a trend that did not improve during the spring homebuying season , when more homes are typically put on the market. This has led Fannie Mae to revise its 2023 single-family originations forecast to $1.59

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Housing Wire

MARCH 6, 2024

Still, contacts emphasized that the number of units for sale stayed far short of what they considered a balanced market, and that a dearth of inventories had contributed to faster house price growth from 2022 to 2023. New York: Housing markets strengthened as the spring selling season got underway a bit earlier than normal.

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McKissock

DECEMBER 10, 2021

As the end of the year approaches, housing market predictions for 2022 abound. Fortune reviews various 2022 housing forecasts, focusing specifically on home price growth. Redfin predicts a more balanced residential market in 2022. Predictions for the top housing markets of 2022 may surprise you.

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Housing Wire

MAY 30, 2023

below its June 2022 peak.” Low inventory , maintained by an extremely low level of new listings coming onto the market, has fueled demand amongst the few buyers who can afford to stay shopping. Relatedly, the Federal Housing Finance Agency (FHFA) recorded a 4.3% House prices were up 0.5% from February.

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Housing Wire

JUNE 16, 2021

Another month of steadily increasing home prices and insatiable demand led Fannie Mae ‘s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures. The reason?

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Housing Wire

FEBRUARY 16, 2024

Housing starts came in lower than estimates in the first month of the year, as the cold winter dampened activity. New construction starts fell to a seasonally adjusted annual rate of 1.331 million units, down 14.8% Department of Housing and Urban Development (HUD). New starts in the Northeast and the Midwest fell 20.6%

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Housing Wire

FEBRUARY 24, 2023

Census Bureau and the Department of Housing and Urban Development. percent) below the January 2022 estimate of 831,000. As I have stressed for months, the new home sales levels are historically low and don’t account for the cancellation rate. To get more inventory you need more Americans to list their homes. percent (±20.4

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Empire Appraisal Group

SEPTEMBER 8, 2022

Housing Market Collapse? Housing Market Collapse? The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. NEW YORK – The rock-hard foundation of the U.S. Housing Market Collapse?

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Housing Wire

AUGUST 23, 2023

Builders are taking advantage of the housing market inventory issues , which is why new home sales are growing yearly, even with higher mortgage rates. Census Bureau and the Department of Housing and Urban Development. While existing home sales are still negative year over year, new home sales are growing year over year.

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Housing Wire

JULY 7, 2022

2022 State of the Mortgage Industry: Affordability and Inventory. It was no surprise that affordability hit the top of the list in every interview. Black Knight reported that May was the least affordable housing market in 16 years. In Seattle, Dan Keller reported 47% of all listings had price reductions.

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Raleigh Realty

JULY 12, 2022

A healthy housing market indicates a healthy national economy. It’s no secret Raleigh is an up-and-coming city, but how’s the local real estate market doing? Let’s take a deep dive into emerging data in Wake County from 2022 and narrow down on key Raleigh real estate trends. of its original list price in Q1 of 2022.

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Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. housing market now. That’s frankly surprising given how cold the housing market froze last fall. There are no signs of any surge in listings, and as a result we’ve seen a floor on home prices.

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Will Springer Realtor

JANUARY 10, 2023

This marks the introduction of a new feature. Each month, this blog will publish a fresh assessment of the King County area housing market. A patch of foul weather and persistent economic challenges chilled an already cold housing market. The bar is so low on listings and sales data that one might trip over it.

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Housing Wire

AUGUST 3, 2022

To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. The question is, can lower mortgage rates save the housing market from its recent downtrend? We know the impact in 2022, working from the highest bar in recent history. Higher rates and sales data.

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Housing Wire

NOVEMBER 28, 2022

did not go into a recession at the start of 2022. housing market went into recession in June of this year, which I talked about a few months ago on CNBC. New and existing home sales are falling, along with housing permits and starts, as we have too many new homes for the builders to issue new permits.

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Empire Appraisal Group

AUGUST 3, 2023

Hurricanes present unique housing market events. Their immediate impact on the local real estate market is harsh, but investors often rush in and the number of real estate transactions bounces back and often increases. Put another way, the metro area had a net gain of 415 more new listings. Bokhari says.

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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.” 

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Will Springer Realtor

FEBRUARY 14, 2023

Inflection points are important in finding those signals and since last month’s assessment of the market, we are beginning to see what appear to be important – possibly significant – upward inflection points in housing market data. Another positive sign: The number of new listings surged from the previous month.

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Listing Spark

SEPTEMBER 25, 2023

Navigating Texas Real Estate with Rising Interest Rates We’re heading into Q4 of a tough year for the real estate market. But by mid-2022, they shot up to over 6%. While many thought it’d spell bad news, the total meltdown hasn’t happened. Here are five of the biggest change in the Texas Real Estate market.

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Will Springer Realtor

OCTOBER 11, 2022

Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. The inter-bank rate stands at about 3.1%, coincidentally the exact figure that Freddie Mac reported at the start of 2022 as the average mortgage rate in the U.S. OCTOBER HOUSING UPDATE.

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Will Springer Realtor

SEPTEMBER 8, 2021

The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. and another 10% boost in 2022. Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. And many of the new projects are larger than in years past.

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GoForrmz

OCTOBER 26, 2022

Get ahead with real estate automation The real estate market has seen a lot of unusual trends in the past couple years, and it’s no surprise things have been pretty weird. In 2021 , we saw houses receive multiple offers and sell for thousands of dollars over asking price within hours.

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Will Springer Realtor

AUGUST 15, 2023

The season has been shaped by slumping new listings, a slowly climbing number of homes sitting on the market from previous months, fewer closed sales compared to last year and prices moving plus/minus five percentage points year-on-year (YoY). monthly decline in available Seattle listings (793). on the Eastside.

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Will Springer Realtor

MARCH 10, 2023

MARCH HOUSING UPDATE The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.”

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Construction Modernization Buyers Inspection 36

Will Springer Realtor

JULY 11, 2023

The Seattle/King County housing market inched forward – and a little sideways – as the number of new and unsold listings continued to expand in June while fresh signs of a slowdown approached. The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4%

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Will Springer Realtor

FEBRUARY 13, 2024

The Seattle/King County housing market appears to have come through the worst of times with a slightly stronger showing in January than in previous months. And, despite the rise in new listings, the number of homes still on the market on Feb. fewer (1842) than on Jan. from a year ago. more versus January 2023.

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Will Springer Realtor

JUNE 13, 2023

It’s the bacon and eggs of the housing market – two staples that are often linked to one another. Today’s YoY declines underscore just how far the market has shifted from 2021 and 2022. That changed in March 2022 when mortgage rates started their steady climb into the 4s, then into the 5s in May and 6s by September.

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Will Springer Realtor

MARCH 14, 2023

The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.”

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Listing Spark

FEBRUARY 7, 2024

The market froze as a result of buyer fear and an already strained affordability issue. trillion in 2022 and an eye popping $4.51 Buyers had lost confidence in the direction of the market and wanted to wait and see how things would shake out with the FED’s potential rate cuts in 2024. in 2022 to 3.3 in 2022 to 3.4

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Listing Spark

MARCH 9, 2023

Whether you’re already established in Texas or just considering entering the Lone Star State’s housing market soon, these insights could prove invaluable when making crucial decisions about your investments! In June 2022, what was expected to be a thriving summer sales season quickly took an unexpected turn.

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Real Estate Marketing Inventory Sellers 36

Will Springer Realtor

MAY 13, 2024

America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades. Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. shy of the need. But for how long?

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