Housing Wire

AUGUST 23, 2021

million home sales for July, which was an excellent beat of estimates and a dagger into the hearts of the 2021 housing crash crew. Both together make it very difficult for an epic housing crash in sales to happen, especially when the years 2008-2019 had the weakest housing recovery ever. sickness. Become a member today.

Realtors 535

Realtors Marketing Mortgage Housing Market 535

Housing Wire

JUNE 23, 2021

Census Bureau’s May new home sales report is that sales inventory has increased to 5.1 That begins to change the equation for some homebuilders, who were absolutely thriving in an ultra-low-inventory housing market environment. . adjusted estimate of new houses for sale at the end of May was 330,000. When inventory is 6.5

Housing Market 523

Housing Market Marketing Inventory Real Estate 523

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. The Federal Reserve wanted to see the bidding wars end and the days on the market grow.

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Inventory Marketing Housing Market New Listings 468

Housing Wire

MAY 2, 2023

The housing market functions differently than other markets because it can be characterized as a heterogeneous, thinly traded, illiquid market. In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely.

Housing Market 377

Housing Market Marketing Sellers Inventory 377

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. The Consumer Price Index core inflation, less the volatility of food and energy, is currently at 5.7%, after peaking at 6.7% They eased below 6.5%

Housing Market 425

Housing Market Marketing Inventory Sellers 425

Housing Wire

FEBRUARY 10, 2024

We might have an average year in housing compared to the past four years! Price-cut percentage Every year, one-third of all homes take a price cut before selling — this is a traditional housing activity. A perfect example was in 2022: when housing inventory rose faster as demand crashed, the percentage of price cuts rose faster.

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Inventory New Listings Retail Mortgage 511

Housing Wire

JUNE 4, 2021

Nary an eyelash was batted last month when two of the housing market’s biggest homebuilders – Pennsylvania-based Toll Brothers and Florida-headquartered Lennar –acquired 173 acres of land in Montebello, California from Sentinel Peak Resources , a company that owns oil development land up and down the Golden State.

Development 461

Development Housing Market Marketing Mortgage 461

Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. months nationally.

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Housing Market Marketing Inventory Mortgage 487

Housing Wire

DECEMBER 29, 2021

A bullish housing market. What a year 2021 has been. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. economy continue to recover from the lows of April of 2020, but the 2021 economic data shows it has been one of the hottest years in many decades.

Housing Market 530

Housing Market Marketing Construction Mortgage 530

Housing Wire

APRIL 12, 2023

I believe the Federal Reserve won’t pivot until the labor market breaks. The Federal Reserve has said time and time again they want the labor market to break, and they will only be satisfied once the unemployment rate goes much higher than it is today. As I am writing this article, it’s trading at 3.42%.

Housing Market 400

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Housing Wire

DECEMBER 8, 2021

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. 2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. 2020 and 2021 easily each have over 6.2

Inventory 518

Inventory Housing Market Marketing Mortgage 518

Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. Since May 15, that trend has continued to the point that inventory in America is now negative year over year. We have often discussed that the housing market dynamics changed starting Nov. However, I need to put some context into what happened in 2022.

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Inventory Housing Market Marketing New Listings 454

Housing Wire

AUGUST 20, 2023

Last week, mortgage rates hit a 21st-century high, the 10-year yield closed slightly higher than my peak forecast for 2023 , and housing inventory growth was still slow. Weekly housing inventory Mortgage rates have been near or above 7% for the last few months, and active listings growth has been slow during this tenure.

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Inventory Mortgage New Listings Sellers 370

Housing Wire

MARCH 10, 2023

What a week this has been for the housing market , from the fireworks of Fed Chair Jay Powell’s Congressional testimony to an attempt to break over a critical line on the 10-year yield. It’s going to take something big to break above this level and get to my 10-year yield peak call forecast at 4.25%. percent, the U.S.

Mortgage 380

Mortgage Housing Market Transportation Marketing 380

Housing Wire

FEBRUARY 8, 2021

Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing? We know the current status of the housing market in America is vigorous, if not hot. We are well off the peak.

Housing Market 544

Housing Market Marketing Government Real Estate Agent 544

Housing Wire

FEBRUARY 3, 2022

This article is part of our HousingWire 2022 forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business. 5 predictions for the 2022 housing market.

Housing Market 407

Housing Market Marketing Supply Chain Mortgage 407

Housing Wire

JUNE 21, 2022

The housing nightmare continues. My nightmare scenario, on the other hand, has happened and this is bad news for everyone. NAR Research : The median existing-home price for all housing types in May was $407,600, up 14.8% NAR Research : The median existing-home price for all housing types in May was $407,600, up 14.8%

Housing Market 540

Housing Market Marketing Inventory Mortgage 540

Housing Wire

NOVEMBER 9, 2022

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Understanding this data line and what it is trying to tell you will be more valuable than erroneously thinking the market is crashing and we’ll see a wave of foreclosures.

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New Listings Inventory Housing Market Sellers 487

Housing Wire

MARCH 24, 2023

ChatGPT , the AI chatbot, has taken the world by storm over the past few months. OpenAI also has a paid, premium version called ChatGPT Plus that costs $20 per month. ChatGPT Plus provides access during peak times and first access to new features. We will get to examples in more detail later in this article.

Loan Officers 475

Loan Officers Legal Development Marketing 475

Housing Wire

MAY 23, 2023

While it’s not as clear how long-lasting the rebound will be, it does still provide some much-needed good news for the spring and summer housing market. That mild correction has played out, with an emphasis on mild. That mild correction has played out, with an emphasis on mild.

Housing Market 422

Housing Market Marketing Retail Sellers 422

Housing Wire

SEPTEMBER 21, 2022

Before the pandemic, the historical average of annualized house price growth was approximately 4%. Yet, pandemic-era dynamics exacerbated an already large housing demand and supply imbalance, fueling record-breaking annual house price growth, peaking at nearly 21%. The tailwinds.

Housing Market 454

Housing Market Inventory Buyers Marketing 454

Housing Wire

APRIL 7, 2023

Since 2022 — as the labor market has been getting hotter with massive job gains and high job openings — the year-over-year wage growth data has been falling. As you can see in the chart below, year-over-year wage growth peaked early in 2022 and has been in a clear downtrend for some time now. percent, the U.S.

Housing Market 502

Housing Market Marketing Mortgage Retail 502

Housing Wire

APRIL 3, 2023

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. The banking crisis has stressed the mortgage backed securities market , pushing rates higher than usual. Mortgage rates rose to 6.57%.

Inventory 484

Inventory Housing Market Marketing New Listings 484

Housing Wire

MARCH 14, 2023

To even have something remotely close to 1970s inflation, you need a massive housing boom. The shelter component of the CPI data has a weighting of 44.4%, and it currently lags today’s reality big time. As shown below, the food inflation rate peaked in late summer of 2022 but has yet to fall with more speed, as energy has.

Mortgage 376

Mortgage Marketing Housing Market Government 376

Housing Wire

NOVEMBER 26, 2021

My rule of thumb has always been when working from a zero interest rate policy, the 2-year yield needs to be above 0.56% to have an honest discussion about this. Here is the 2-year yield before the headline on the new variant: Currently, the 2-year yield has fallen and is 0.50%. How do we make sense of all this?

Retail 536

Retail Mortgage Marketing 536

Housing Wire

AUGUST 4, 2023

However, wage growth has stayed firm the past few months. The unemployment rate for those who didn’t finish high school has been pretty wild up and down lately; in this report it fell from 6.0% Here is a look at job openings with a longer-term view, and you can see the decline from the peak. percent, the U.S. So far, no luck!

Mortgage 352

Mortgage Insurance Government Marketing 352

Housing Wire

JANUARY 6, 2023

The bond market saw that wage growth was cooling down, leaving the Federal Reserve with few reasons to keep the rate hike story going much longer. The Fed will not tolerate a tight labor market, or Americans on the lower end of the wage pool making more money. Can we have a soft landing in the economy? Job report. percent, the U.S.

Mortgage 540

Mortgage Construction Marketing Housing Market 540

Housing Wire

MAY 5, 2022

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Demographics still point towards a market with strong demand – the largest cohort of millennials, the largest generation in U.S.

Housing Market 370

Housing Market Marketing Inventory Buyers 370

Miller Samuel

APRIL 7, 2020

Yesterday's Bloomberg article caught my eye: Greenwich Homeowner Bets on Virus Getaway Pitch to Win a Sale. The article featured a listing in Greenwich, CT that came on 68 days ago that wasn't moving (I assume this based on what was done later). Nice front yard and backyard has large entertainment deck. Please read on.

Modernization 221

Modernization Design Sellers Training 221

Housing Wire

OCTOBER 7, 2020

As mortgage lenders continue to register record volume in 2020, top talent is in peak demand and companies are having to shift the way they view human capital in order to stay competitive. Having written over 100 articles on workplace dynamics, Butler’s insights have been featured in dozens of media outlets such as Forbes and HR News.

Development 200

Development Business Mortgage Marketing 200

Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. Like I have often said, professional grifters have plagued the housing sector for many years and shouldn’t be looked to as fundamental economic sources of information. .

Inventory 529

Inventory Contracts Training Investors 529

Housing Wire

AUGUST 3, 2023

In this article, I will explain the history of AI, the projected financial impact on real estate and the cutting-edge tools available today for savvy agents. Some AI researchers believe that today’s AI already has one foot in that door. Microsoft researchers wrote in a paper that OpenAI’s GPT4 has “sparks” of AGI. What is next?

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

Cleveland Appraisal Blog

JUNE 2, 2022

I always love her articles! I hope that you enjoy her article and can benefit from some of her tips on helping our dear seniors. Here, the Cleveland Appraisal Blog presents some great advice about finding the best house and considering other alternative arrangements. Source – Unsplash. Know When They Need Help.

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Appraisal Local Properties Home Value Contracts 195

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. The last two years have been a wild ride. Odds are that this turn in the pandemic will likely be just a temporary setback.

Marketing 454

Marketing Mortgage Supply Chain Inventory 454

Cleveland Appraisal Blog

FEBRUARY 4, 2021

In the article, “How accurate is Punxsutawney Phil?”, ”, posted by EarthSky in Human World , according to the National Oceanic and Atmospheric Administration, from 2008 to 2018, our groundhog friend has only been accurate 40% of the time. AVM’S ARE GREAT MARKETING TOOLS. AVM’s are marketing tools.

Advertising 198

Advertising Valuation Appraisal Renovations 198

McKissock

JULY 27, 2021

If you’ve spent any time watching the real estate market this year or working in the field, you know we’re navigating one of the hottest seller’s markets on the books. Fortunately, a recent article on HousingWire suggests that a slight decrease in housing material costs could mean the market is beginning to level out.

Real Estate Agent 79

Real Estate Agent Marketing Real Estate Agents 79

Housing Wire

DECEMBER 7, 2023

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Many Massachusetts real estate schools offer online courses. The state requires live interaction between students and instructors for at least half of all qualifying prelicensing courses.

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Real Estate Real Estate Agent Law Brokerage 361