Housing Wire

MARCH 29, 2024

It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. The market is still strong,” said Wendy Cash, a broker at Austin area-based Century 21 Hellmann Stribling. In November 2023, this figure actually surpassed its pre-pandemic level at 8,527 listings. “I

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Housing Market Agents Marketing Inventory 353

Housing Wire

JANUARY 2, 2023

The housing market has been wild the last few years, making weekly data more critical. This is why I’ve created the Housing Market Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday. Purchase application data.

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Inventory Housing Market Marketing Mortgage 442

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. economy, especially the mortgage and housing sector.

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Housing Market Marketing Supply Chain Mortgage 513

Housing Wire

OCTOBER 19, 2023

The savagely unhealthy housing market continues to unfold as we approach Halloween. Too many people chasing too few goods — and days on the market are still under 30 days. It’s like we invited Freddy Krueger, Jason and Michael Meyers to come for a haunted housing market party. The core problem?

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Housing Market Marketing Inventory Buyers 433

Housing Wire

MAY 3, 2024

We’ve been a sellers’ market here for at least the past eight years, but probably closer to 10 or 11.“ On the existing-home market , agents say the lack of inventory is due to a rate-lock effect, as homeowners with mortgage rates at 5% or below are reluctant to give up their rate unless a major life change necessitates a move. “You

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Inventory Housing Market Marketing Real Estate 290

Housing Wire

SEPTEMBER 22, 2022

Economists at Fannie Mae say the Federal Reserve ‘s fiscal policy is having its desired effect on the housing market – home price growth began to slow in the summer, and the GSE says the housing slowdown will continue through 2023. The mortgage market is projected to slip further to $2.17 trillion in 2022.

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Housing Market Supply Chain Marketing Inventory 400

Housing Wire

MARCH 18, 2024

For agents navigating and servicing the American housing market , acknowledging its profound evolution over recent decades is crucial. The rise in rental demand is underscored across a variety of channels, including on BrightMLS systems, where data in 2023 showed a 12.4% Or, they are going back to renting!

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Real Estate Agent Housing Market Real Estate Agents 327

Housing Wire

SEPTEMBER 19, 2023

This is alarming because this was the moment last year when the market turned south. Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still. This “higher for longer” conventional wisdom is working its way through the housing market. Now, you’re looking at 7.5%

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Housing Market Marketing Inventory New Listings 405

Housing Wire

APRIL 3, 2024

Millennials replaced baby boomers as the largest group of homebuyers in 2023. Notably, 32% of all buyers in 2023 were first-timers (up from 26% in the prior year), with millennials comprising 75% of this demographic. The report highlights a surge in first-time buyers across all age groups, with millennials leading the charge.

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Marketing Buyers Sellers Realtors 503

Housing Wire

MARCH 13, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. It is still kind of a weird market, but it is going back to a little bit more normal.” Given the current market, my business is at least about 60% renters and the other 30% to 40% is buyers and sellers,” Tsai said.

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Housing Market Marketing Tenants Buyers 338

Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. In 2023, 4.09 Prospective homebuyers have been shut out of the market by a lack of inventory. Compared to a month ago, housing inventory was down 11.5%

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Inventory Realtors Housing Market Construction 416

Housing Wire

MAY 8, 2024

Out of 221 metro markets analyzed, 205 (93%) posted yearly home price gains in Q1 2024, while 30% experienced double-digit price gains during the same period — up from 15% in the fourth quarter of 2023 — according to the National Association of Realtors ’ (NAR) newest quarterly report. year over year in Q4 2023.

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Marketing Buyers Realtors Home Value 489

Housing Wire

SEPTEMBER 23, 2022

You think things are bad in the housing market now? trillion in 2023 will look awfully rosy. Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Probably, the housing market needs to go to a correction to get to that place.”

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Housing Market Marketing Mortgage Buyers 367

Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The as-is market value is typically based on a drive-by broker price opinion or external-only appraisal given the properties are usually still occupied.

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Housing Market Buyers Marketing Retail 383

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

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Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

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Inventory Housing Market Realtors Mortgage 488

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates.

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Buyers Realtors Inventory Sellers 463

Housing Wire

MAY 7, 2024

Redfin showcased pockets of growth in the first quarter of 2024 despite challenging housing market conditions. million, an increase of 5% compared to the first quarter of 2023. million in Q1 2023 and well above its $23 million loss in Q4 2023. The brokerage posted revenue of $225.5

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Marketing Brokerage Advertising Agents 325

Cleveland Appraisal Blog

JANUARY 5, 2023

Welcome to 2023! We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. What are housing prices going to do in the spring? Let’s talk about it.

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Housing Market Marketing Appraisal Inventory 369

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Here’s what that buyer behavior in the second half of 2022 is telling us about two key retail market trends in 2023: 1.

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Retail Sellers Buyers Market Value 421

Housing Wire

NOVEMBER 13, 2023

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers.

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Real Estate Agent Real Estate Agents Sellers 350

Housing Wire

APRIL 28, 2022

For the fifth consecutive month, pending home sales declined in March from February, down 1.2%, signaling a potential return to “much calmer” conditions, according to the National Association of Realtors. by 2023, Yun said. “As He also expects higher mortgage rates to remain a key factor affecting home sales.

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Housing Market Marketing Contracts Mortgage 326

Housing Wire

FEBRUARY 22, 2024

The housing market in the state of Florida saw higher median home prices, more real estate listings and a higher number of active listings during the month of January, according to data released Thursday by Florida Realtors , a state-based trade organization for real estate professionals. from January 2023.

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New Listings Realtors Real Estate Inventory 394

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I There is also some pent-up desire to sell being released by a steadier interest rate environment and an overall slower market. From 2022 to 2023 alone, rates rose 15%.

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Insurance Inventory Marketing Real Estate 363

Housing Wire

DECEMBER 13, 2022

The National Association of Realtors predicts there will be 4.78 million existing home sales in 2023, down 6.8% In addition to a further drop in existing home sales, Yun said he expects the annual median home price to remain relatively flat year over year in 2023, rising just 0.3% from the 5.13 to $384,500.

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Realtors Mortgage Housing Market Real Estate 400

Housing Wire

DECEMBER 14, 2022

Growing concerns of a recession, led by the Federal Reserve ’s continued interest rate hikes next year, will prompt mortgage rates to trend lower in 2023, according to numerous experts. by the end of 2023, according to fresh projections, up from an estimate of 3.9% by the end of 2023, dropping slightly from the projected 7.5%

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Mortgage Housing Market Buyers Sellers 410

Housing Wire

APRIL 12, 2023

Industry players are largely pessimistic about the economic climate and expect interest rates to trend up in the near term future, according to the HousingWire Q2 2023 LenderPulse survey. LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges.

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Mortgage Marketing Loan Officers Real Estate Agent 301

Housing Wire

MAY 29, 2024

The National Association of Realtors (NAR) reported that it had 1,509,195 members at the end of April, a decline of 2.96% from the 1,554,604 members it had at the end of 2023 but higher than its numbers in February and March. You can find more information in our recent update in Realtor Magazine.“ How many is unclear.

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Realtors Agents Inventory Modernization 301

Housing Wire

OCTOBER 12, 2022

The forecast for the housing market in 2023 gets worse by the month, with the latest report predicting a million-plus decline in existing home sales. The mortgage market is projected to slip further to $1.3 trillion in 2023, according to the government-sponsored enterprise. million in 2023.

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Contracts Modernization Housing Market Mortgage 414

Housing Wire

JUNE 27, 2023

According to HousingWire ‘s Q3 2023 LenderPulse survey, industry workers said they would cut down on marketing spend and tools, as well as reduce additional headcount, if they had to further contain costs. Other responses included cutting down excessive incentives, business trips, open houses and sponsorships.

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Mortgage Marketing Tools Open Houses 311

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. Pending home sales rose 8.3% in November.

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Contracts Housing Market Construction Inventory 445

Housing Wire

MARCH 24, 2023

2022 was a roller coaster year, continuing the strong pandemic and post-pandemic fueled housing market through the first half of the year. Then, in the third quarter, we saw an abrupt stop to the record-breaking housing market. of all Realtors. 1 spot in transaction sides for the past four years.

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Brokerage Real Estate Realty Agents 364

Housing Wire

APRIL 17, 2024

The spring home-buying season got off to a slow start in California , where sales of single-family homes declined from February to March, according to a report released Wednesday by the California Association of Realtors (CAR). in first-quarter 2024 compared to Q1 2023. From 2018 through 2023, effective rates jumped by 33.8%

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Insurance Housing Market Realtors Inventory 370

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. million, according to a report from the National Association of Realtors (NAR) released Tuesday. Homes sitting on the market for more than 60 days can be purchased for around 10% less than the original list price.”

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Inventory Buyers Housing Market Contracts 343

Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

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Mortgage Real Estate Agent Inventory Housing Market 420

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. 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 30, 2023

Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year. However, market activity is still projected to remain well below typical levels. However, market activity is still projected to remain well below typical levels.

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Buyers Housing Market Sellers Inventory 431