Housing Wire

SEPTEMBER 21, 2023

The housing market will remain subdued until the Federal Reserve starts cutting rates next year, according to economists and housing pros following the central bank’s Wednesday announcement to leave the benchmark rate unchanged in the target range of 5.25%-5.5%. in 2024 and 5.1% Fed officials expect interest rates to be at 5.1%

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Real Estate Mortgage Buyers Inventory 368

Housing Wire

NOVEMBER 1, 2023

In his remarks about the suit, Barton said Zillow is a strong supporter of free, fair and transparent access to real estate information, independent representation, and transparent and negotiable agent commissions. The real estate behemoth recorded $496 million in revenue, an increase of 3% year over year.

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Real Estate Advertising Agents Realtors 423

Housing Wire

APRIL 29, 2024

Rising mortgage rates and a slower housing market than anticipated contributed to the weaker financial performance of the title segments of some of the nation’s largest title firms during the first quarter of 2024. As I noted previously, the housing market is bouncing on the bottom.

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Insurance Investors Housing Market Government 343

Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . A short history of the housing crash narrative.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

MARCH 25, 2024

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. Now it’s on the rise.

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New Listings Inventory Contracts Sellers 479

Housing Wire

DECEMBER 19, 2023

The group projects a return to growth in 2025. However, the woes that hindered home sales in 2023, such as affordability challenges and the lack of resale inventory, will persist. As a result, home sales will begin a “slow but meaningful recovery” in 2024, according to the December 2023 commentary from the Fannie Mae ESR Group.

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Inventory Mortgage Housing Market Finance 378

Housing Wire

SEPTEMBER 22, 2023

Meanwhile, available inventory continues to dwindle as many homeowners stay put to keep their relatively low mortgage rates. Meanwhile, mortgage rates are not expected to cool anytime soon as the Fed announced on Wednesday that interest rates were likely to remain higher than anticipated heading into 2024 and 2025.

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New Listings Inventory Buyers Mortgage 419

Housing Wire

JANUARY 18, 2024

. “This transaction directly aligns with our stated strategy for growth in North America and will create a more resilient portfolio for Sekisui House,” Yoshihiro Nakai, president and CEO of Sekisui House, said in a statement. faces house inventory challenges. ” Sekisui claims it has delivered over 2.62

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New Listings Housing Market Inventory Sellers 317

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. For that reason, real estate prices are only going in one direction — and that’s up. economy remains hot.

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Loan Officers Mortgage Buyers Inventory 377

Housing Wire

DECEMBER 22, 2023

Last year, fast-rising rates and related volatility, coupled with liquidity challenges in the bank and nonbank sectors, high home prices and a shortage of housing inventory all worked together to suppress mortgage originations and the secondary market outlets for those loans as well. trillion portfolio of MBS.

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Mortgage Marketing Housing Market Buyers 396

Housing Wire

FEBRUARY 9, 2022

It’s simple: inventory levels were at all-time lows in 2021 and they just got worse in 2022, don’t make it any more complicated than that. It can be stressful enough when the markets are regular, like they were from 2014-to 2019. By the summer of 2020, I started to worry about inventory levels getting dangerously low.

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Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

It’s simple: inventory levels were at all-time lows in 2021 and they just got worse in 2022, don’t make it any more complicated than that. It can be stressful enough when the markets are regular, like they were from 2014-to 2019. By the summer of 2020, I started to worry about inventory levels getting dangerously low.

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Inventory Buyers Sellers Investors 369

Housing Wire

JUNE 8, 2023

trillion limit until January 2025 and cap government spending. While elevated rates and other affordability challenges remain, inventory continues to be the biggest obstacle for prospective homebuyers.” debt ceiling impasse was solved when President Joe Biden signed a bill on Saturday to suspend the $31.4 ”

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Mortgage Investors Inventory Housing Market 374

Housing Wire

DECEMBER 26, 2023

It could be difficult for some folks to maintain profitability or even achieve profitability because there is some level of fixed costs to doing business, especially if home sales remain depressed and you have a situation where the commission rates come down,” Anthony Paolone, a real estate senior analyst at J.P. Morgan , said.

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Brokerage Mortgage Agents Bracketing 406

Housing Wire

AUGUST 3, 2023

So, even at the current rate of new-home construction, with demand at stellar levels, the homebuilding industry is still falling well short of the break-even point needed to actually reduce the nation’s housing deficit, assuming the experts are correct.

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Construction Development Finance Mortgage 363

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. Total inventory remains low, however, keeping prices higher on an annual basis. months’ inventory, up from 1.4 months’ inventory (2.0 in Q1 2025 (6.3%) 5.6%

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New Listings Buyers Inventory Lending 54

Will Springer Realtor

APRIL 9, 2024

Despite a challenging financing environment, the Seattle/King County housing market is moving forward. months (20 days) of available inventory. North King County, including Shoreline and Lake Forest Park, had the smallest inventory as of April 1 – 0.5 months of inventory on the Eastside and 1.0 There are 1.8

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Marketing Inventory Buyers Sellers 60

Housing Wire

DECEMBER 3, 2020

The expected open unit increase was highlighted by several California-based Realtors, who all agreed that demand is higher than available inventory. “I Wildfire-relief funding generated by the law is not expected to be dispersed until 2025, according to the Los Angeles Times.

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Property Taxes Realtors Law Inventory 302

Will Springer Realtor

DECEMBER 13, 2022

Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. That real estate party of unquenchable buyer demand against a backdrop of low inventory is over. What’s next?

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Real Estate Buyers Construction Sellers 36

Will Springer Realtor

SEPTEMBER 12, 2023

There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. The single-family-housing market is also limping along. There are 7.4% in Seattle.

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Finance Inventory Construction Buyers 68

Cornerstone

JUNE 1, 2021

.” Yun said this in response to the high homebuyer demand and rising housing prices we’re currently seeing — which he blamed simply on a shortage of inventory. The housing market right now is actually stable and has been a helpful driver of our economic recovery. Can the market keep up its momentum?

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Inventory Buyers Sellers Investing 52

Will Springer Realtor

MAY 14, 2024

Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. It may take four to six months to be realized,” noted Mason Virant from the University of Washington, “but higher levels of for-sale inventory should soon have an impact on stabilizing price levels.”

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Marketing Inventory Buyers Sellers 36

Will Springer Realtor

MARCH 11, 2024

By embracing a comprehensive understanding of the true cost of homeownership, individuals can navigate the turbulent waters of the housing market with confidence, ensuring a secure and sustainable future for themselves and their families. In the face of mounting challenges, knowledge is power. ELECTION YEAR EFFECT?

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Appraisal Today

JUNE 10, 2022

NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. Conch Shell House in Mexico on the island of Isla Mujeres. Excerpts: The owner of the house is Octavio Ocampo, a famous artist. Jun 7, 2022.

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Will Springer Realtor

MAY 13, 2024

GIMME SHELTER: AMERICA’S HOUSING PROBLEM WORSENS This country is struggling – mightily – to put enough roofs over the heads of Americans. Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession.

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HOA Transportation Construction Buyers 36