Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. million, according to the N ational Association of Realtors. On the bright side, housing inventory rose 1.8% On the bright side, housing inventory rose 1.8%

Inventory 377

Inventory Realtors New Listings Contracts 377

Housing Wire

DECEMBER 20, 2023

Did today’s existing home sales report give us a playbook for housing in 2024? However, this time around, the Federal Reserve rate hike cycle is over, and we don’t need to worry about Fed presidents going on CNBC in 2024 crying about 6% mortgage rates making their lives difficult. So, let’s not make that mistake in 2024.

Housing Market 428

Housing Market Marketing Inventory Realtors 428

Housing Wire

DECEMBER 20, 2023

Last week’s DataDigest offered readers a host of housing forecasts from industry experts at banks, trade associations and more, the thrust of which was housing professionals should expect a modestly better year of sales thanks to retreating mortgage rates in the year to come. percentage points, implying three cuts of 0.25 15, just 0.07

Mortgage 389

Mortgage Realtors Real Estate Marketing 389

Housing Wire

JANUARY 12, 2022

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020. Houston, we have a problem.

Inventory 535

Inventory Mortgage Housing Market Marketing 535

Housing Wire

APRIL 17, 2024

Expect 2024 to be mildly better than 2023 with mortgage rates falling in the second half of the year, housing experts opined in their forecasts at the end of the year. The pessimism is visible in mortgage rates. Freddie Mac ‘s weekly Primary Mortgage Market Survey is climbing back towards 7%.

Mortgage 449

Mortgage Brokerage Real Estate Tenants 449

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. However, I knew the years 2020-2024 would see better demand from the bump in demographics.

Inventory 459

Inventory Marketing Housing Market New Listings 459

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. The perplexing part: Why are home prices not declining in this environment?

Inventory 447

Inventory Renovations Real Estate Government 447

Housing Wire

APRIL 11, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 494

Inventory Housing Market Marketing Modernization 494

Housing Wire

OCTOBER 26, 2023

Average mortgage rates on 30-year fixed home loans continued their march towards 8% this week as the Treasury yield surpassed 5%. Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey. million units sold.

Mortgage 409

Mortgage Inventory Housing Market Realtors 409

Housing Wire

MARCH 28, 2024

Pending home sales increased modestly in February despite rising mortgage rates , growing 1.6% month over month, according to the newest data released Thursday by the National Association of Realtors (NAR). Ongoing job gains are clearly increasing demand along with more inventory.” Overall, active inventory grew 14.8%

Inventory 418

Inventory Realtors Contracts Sellers 418

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. increase between 2024 and 2025 to a pace of 5.35

Contracts 445

Contracts Housing Market Construction Inventory 445

Housing Wire

NOVEMBER 30, 2023

As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% in October on a month-over-month basis, according to data released Thursday by the National Association of Realtors (NAR). Pending home sales in October fell to their lowest level since 2001. down from 72.6 in September.

Housing Market 444

Housing Market Inventory Realtors Construction 444

Housing Wire

OCTOBER 26, 2023

in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement.

Inventory 355

Inventory Contracts Housing Market Realtors 355

Housing Wire

FEBRUARY 8, 2024

Home prices increased in the fourth quarter of 2023 as mortgage rates declined. metro markets analyzed registered home price increases, up from 82% in the previous quarter, according to a report from the National Association of Realtors (NAR). Sales were restrained due to limited inventory,” Yun said. More than 85% of U.S.

Mortgage 371

Mortgage Realtors Inventory Marketing 371

Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 404

Inventory Housing Market Marketing Modernization 404

Housing Wire

APRIL 18, 2024

Existing home sales slumped last month under the weight of elevated mortgage rates. million in February, according to a report released Thursday by the National Association of Realtors (NAR). The inventory of existing homes has been steadily increasing, despite elevated mortgage rates. Existing home sales receded by 4.3%

Inventory 339

Inventory Real Estate Agent Sellers Buyers 339

Housing Wire

NOVEMBER 21, 2022

The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. million in 2024. The latest forecast also projects that total mortgage origination activity is slightly increased at $2.34 The mortgage market is projected to slip further, however, to $1.74 year over year.

Contracts 357

Contracts Government Mortgage Buyers 357

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. Slow home sales in 2023 were accompanied by higher mortgage rates , with the average rate on a 30-year fixed rate mortgage hitting a 23-year high in early November.

Inventory 416

Inventory Realtors Housing Market Construction 416

Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. Overall, the Midwest, the Great Lakes and the South regions will get a lot of attention in 2024, according to Zillow ’s study.

Housing Market 386

Housing Market Marketing Logistics Real Estate 386

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. ” Closed sales of single-family homes grew 0.6%

New Listings 394

New Listings Realtors Real Estate Inventory 394

Housing Wire

APRIL 25, 2024

in March compared to February despite rising mortgage rates , according to data released Thursday by the National Association of Realtors (NAR). Meaningful gains will only occur with declining mortgage rates and rising inventory.” Existing-home inventory in March improved 14.4% Pending home sales increased by 3.4%

Inventory 377

Inventory Buyers Realtors Investors 377

Housing Wire

DECEMBER 20, 2023

million, according to the National Association of Realtors. The latest weakness in existing home sales still reflects the buyer bidding process in most of October when mortgage rates were at a two-decade high before the actual closings in November,” NAR Chief Economist Lawrence Yun said in a statement. “A Housing inventory fell 1.7%

Inventory 365

Inventory Housing Market Realtors Buyers 365

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. Of course this isn’t the healthiest housing inventory story. However, that hasn’t been the case so far in 2024.

Inventory 472

Inventory Housing Market New Listings Buyers 472

Housing Wire

DECEMBER 18, 2023

In her first national interview since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, National Association of Realtors (NAR) president Tracy Kaspe r said the trade group would continue to advocate for what it feels is best for consumers. “We

Real Estate 410

Real Estate Realtors Buyers Real Estate Agent 410

Housing Wire

FEBRUARY 29, 2024

month over month in January, according to the newest data from the National Association of Realtors (NAR). Overall active inventory improved 7.9% However, consumers are showing extra sensitivity to changes in mortgage rates in the current cycle, and that’s impacting home sales.” Pending home sales dropped 4.9% in December.

Contracts 371

Contracts Inventory Realtors New Listings 371

Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. In addition, NAR forecasts that mortgage rates will drop to 6.0% annual in 2024 to 1.54

Inventory 387

Inventory Realtors Contracts Construction 387

Housing Wire

MARCH 21, 2024

Unless mortgage rates go lower, that’s what we should expect, because that’s what happened last year. When mortgage rates headed lower at the end of 2022 into 2023, we had 12 weeks of positive weekly purchase application data. The purchase application data has weakened as mortgage rates headed higher earlier in the year.

Inventory 450

Inventory Housing Market Mortgage Marketing 450

Housing Wire

FEBRUARY 22, 2024

Existing-home sales picked up in January as buyers took advantage of the lowest mortgage rates seen in several months. from December to a seasonally adjusted annual rate of 4 million in January, according to a report from the National Association of Realtors (NAR). In fact, by the end of January, for-sale housing inventory was at 1.01

Inventory 397

Inventory Sellers Buyers Realtors 397

Appraisal Buzz

APRIL 25, 2024

compared with March 2023, according to the National Association of Realtors (NAR). Meaningful gains will only occur with declining mortgage rates and rising inventory,” Yun says. NAR forecasts that existing-home sales will rise by 9% in 2024 to 4.46 in 2024 to 1.43 Pending home sales increased 3.4% million (from 4.09

Inventory 195

Inventory Construction Realtors Appraisal 195

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At as of March 6, 2024. We are still going to suffer from lack of inventory.”

Housing Market 391

Housing Market Buyers Agents Marketing 391

Housing Wire

JANUARY 29, 2024

Last week, the National Association of Realtors released their December pending sales data. They obviously picked up in December when mortgage rates did a recent dip. However, December’s momentum slowed very quickly in January as mortgage rates jumped back up and as a deep freeze gripped the country. So, this growth is fragile.

Contracts 390

Contracts Inventory Housing Market Mortgage 390

Housing Wire

APRIL 25, 2024

While DeRoussel’s experience sounds exactly like many of the stories that emerged from the pandemic-fueled homebuying frenzy of 2020 and 2021, this happened just a few weeks ago in early April 2024. “It Cincinnati is a great place to live,” said Julie Back , the executive sales vice president of Sibcy Cline Realtors.

Buyers 374

Buyers Marketing Inventory Investors 374

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month

Housing Market 540

Housing Market Marketing Inventory Sellers 540

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.

Inventory 488

Inventory Housing Market Realtors Mortgage 488

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. housing market for 2020 to 2024 is that home prices could escalate to an unhealthy level. This was a miss from estimates and the third straight month of declines in sales. My biggest fear for the U.S.

Housing Market 540

Housing Market Marketing Inventory Realtors 540

Housing Wire

APRIL 16, 2024

Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. The reverse mortgage industry, he added, is adding its own brand of perseverance to the table.

Retail 306

Retail Mortgage Business Loan Officers 306

Housing Wire

MARCH 19, 2024

Dual licensing is one of the opportunities being opened to the mortgage industry by the National Association of Realtors ’ (NAR) pending nationwide settlement of commission lawsuits , according to Bob Broeksmit, president and CEO of the Mortgage Bankers Association (MBA).

Loan Officers 480

Loan Officers Real Estate Agent Real Estate Agents 480