Housing Wire
JANUARY 26, 2024
According to an NAR outlook, home sales are projected to rise significantly in 2024 and 2025 as the housing market steadily returns to normal. increase between 2024 and 2025 to a pace of 5.35 in 2025 to reach $405,200. in 2025 to reach $405,200. million and a 15.8% million units. year over year.
Appraisal Buzz
APRIL 25, 2024
“Meaningful gains will only occur with declining mortgage rates and rising inventory,” Yun says. million in 2025. Inventory will grow steadily from more home construction, and various life-changing events will require people to trade up, trade down or move to another location.” in 2025 to $403,800. million (from 4.09
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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?
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?
Housing Wire
SEPTEMBER 21, 2023
In an elevated rate environment, the lack of inventory continues to be the biggest challenge for many potential buyers, the Mortgage Bankers Association said. Officials expect fewer cuts in 2025 with the median estimate for the benchmark rate to be at 3.9%, up from 3.4%. in 2024 and 5.1% in 2024, up from the 4.6% projected in June.
Housing Wire
AUGUST 3, 2023
This has driven meaningful share gains for new construction,” she added, “with the percentage of new-home listings more than doubling from long-term norms to over 30% of the market.” We believe this lack of existing homes on the market is pushing prospective buyers toward new homes, bolstering sales and construction,” he added.
Appraisal Today
SEPTEMBER 22, 2023
Appraising will be different in 2025. Purchase applications increased for conventional and FHA loans over the week but remained 26 percent lower than the same week a year ago, as homebuyers continue to face higher rates and limited for-sale inventory, which have made purchase conditions more challenging. percent the previous week.
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