Remove articles existing-home-sales-now-outperforming
article thumbnail

Are existing home sales showing a housing bubble?

Housing Wire

Today, existing home sales blew out estimates , coming in at 5,860,000. With new home sales, pending home sales, housing starts, housing permits, and purchase applications already in v-shape recovery mode, this last metric completes the v-shaped recovery across the board for housing.

article thumbnail

Will we start 2022 with all-time lows in housing inventory?

Housing Wire

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. million new and existing home sales combined. This type of sales growth — which couldn’t happen from 2008-2019, as I have often stated — is coming with a hefty price tag.

Inventory 514
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The 2021 housing market recap by Logan Mohtashami

Housing Wire

Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. The housing crash addicts in America have now been wrong for a decade.

article thumbnail

Will the housing inventory crisis end this year?

Housing Wire

Logan Mohtashami: The 10-year yield is at 1.92% right now, it’s staying very firm, even with all the drama in the markets. That is the question going out in 2022, can this hot economic data remain hot with all these headwinds now. and are trying to break out of a low-level trend for years now.

Inventory 372
article thumbnail

2021 Twin Cities Apartment Market Trends

Simonson Real Estate

In this article, we will share the Twin Cities apartment market data from 2021 and give insights on what to expect in 2022. New Construction sales have been in the $250,000-$300,000 range. Makes Class A properties more attractive right now with cap rates so tight given less risk on cap ex requirements and superior mechanicals.

Marketing 131
article thumbnail

Existing home sales now outperforming

Housing Wire

The National Association of Realtors ‘ existing home sales report for October came in at a solid beat of estimates at 6.34 This number is above my trend sales peak of 6.2 million and that means we have had back-to-back existing home sales prints of over 6.2 million and 6.2 million in 2020.

Inventory 505
article thumbnail

New home sales rebound, but builders are still wary

Housing Wire

Today the Census Bureau ‘ s new home sales report came in as a beat of estimates at 811,000. The bearish take on housing for the second half of 2021 didn’t really pan out, especially in the new home sales sector. Now that 2021 is wrapped up, we can see this is what happened and I believe that was misread by some people.