Housing Wire

APRIL 18, 2024

million in February, according to a report released Thursday by the National Association of Realtors (NAR). There are nearly six million more jobs now compared to pre-COVID highs, which suggests more aspiring home buyers exist in the market.” The inventory of existing homes has been steadily increasing, despite elevated mortgage rates.

Inventory 341

Inventory Real Estate Agent Sellers Buyers 341

Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Millennials comprised 75% of this demographic, with older millennials and Generation X (ages 44 to 58) accounting for 44% and 24% of first-time buyers.

Housing Market 376

Housing Market Marketing Training New Listings 376

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 348

Mortgage Real Estate Inventory Construction 348

Housing Wire

AUGUST 3, 2021

Home prices continue to increase as national inventory levels remain low heading into August. But relief for buyers could be coming in the next 12 months. gain by this time next year, as ongoing affordability challenges deter potential buyers — as well as an uptick in new for sale listings. Home prices increased 2.3%

Buyers 498

Buyers Inventory Realtors Contracts 498

Housing Wire

NOVEMBER 30, 2023

in October on a month-over-month basis, according to data released Thursday by the National Association of Realtors (NAR). Meanwhile, new home sales posted a better performance as homebuyers pivoted to new construction amid waning existing home supply. As mortgage rates edged near multi-decade highs, pending home sales declined 1.5%

Housing Market 446

Housing Market Inventory Realtors Construction 446

Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

Realtors 407

Realtors Buyers Inventory Sellers 407

Housing Wire

MAY 16, 2024

A key conclusion is that while new construction creates additional supply for first-time and move-up buyers alike, it comes with an additional expense. While many metro areas currently offer an advantage where you can purchase a new construction home for a similar price or even less than the average area home, there is still a 23.8%

Construction 365

Construction Law Finance Realtors 365

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). The trade group also predicts that rent growth will ease due to sizable growth in apartment construction over the past three years. Pending home sales rose 8.3% It was the largest monthly jump in pending home sales since 2020.

Contracts 446

Contracts Housing Market Construction Inventory 446

Housing Wire

OCTOBER 22, 2020

million, the National Association of Realtors said in a report on Thursday. I would attribute this jump to record-low interest rates and an abundance of buyers in the marketplace, including buyers of vacation homes given the greater flexibility to work from home.”. At the end of September, housing inventory totaled 1.47

Inventory 526

Inventory Buyers Realtors Housing Market 526

Housing Wire

JULY 25, 2023

Home prices showed resilience in May as buyers took advantage of the relatively lower rates during that month, keeping the pressure on available inventory. While slightly lower rates motivated eager buyers to enter the housing market, dwindling home supply meant that this demand kept upward pressure on prices, Jones noted.

Inventory 273

Inventory Construction Buyers Mortgage 273

Housing Wire

JUNE 29, 2023

After holding steady month over month in April , pending home sales were back down again in May, dropping 2.7%, according to data released Thursday by the National Association of Realtors (NAR). The lack of housing inventory continues to prevent housing demand from being fully realized.” annual drop recorded in April.

Contracts 312

Contracts Inventory Housing Market Realtors 312

Housing Wire

JULY 20, 2021

” Mark Palim, deputy chief economist at Fannie Mae , said anecdotal reports of builders delaying or turning down orders to clear a growing construction backlog appears to be borne out by the recent housing starts data. With lumber prices recently pulling back, we expect some near-term strength in construction. million and 1.92

Housing Market 493

Housing Market Marketing Inventory Construction 493

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. Home starts forecasts, meanwhile, don’t offer much certainty about the pace of construction next year.

Inventory 457

Inventory Construction Mortgage Buyers 457

Housing Wire

SEPTEMBER 22, 2021

August marked a slowdown in the purchase market, with existing home sales dropping by 2%, according to a monthly report published by the National Association of Realtors. Meanwhile, total housing inventory dried up slightly from the month prior, totaling 1.29 million in August, NAR said. from last year’s median price of $310,400.

Inventory 371

Inventory Buyers Realtors Home Value 371

Housing Wire

APRIL 29, 2021

The National Association of Realtors released encouraging news Thursday about the future of the housing market. The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 New residential construction building permits in the U.S.

Contracts 414

Contracts Inventory Construction Realtors 414

Housing Wire

AUGUST 12, 2020

A new quarterly report from the National Association of Realtors revealed that median single-family home prices rose year over year in 96% of its measured markets in the second quarter. Historically low inventory continues to reinforce and even increase prices in some areas.”. lower than total inventory at the end of Q2 2019.

Inventory 516

Inventory Buyers Realtors Construction 516

Housing Wire

JULY 20, 2023

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). The pent-up demand will surely be realized soon, especially if mortgage rates and inventory move favorably.” million. “The from June 2022 (1.25

Inventory 278

Inventory Buyers Construction Realtors 278

Housing Wire

APRIL 20, 2023

monthly increase in February , breaking a year long streak of declines, existing home sales were back down again in March, according to a report from the National Association of Realtors (NAR), released Thursday. At the end of March, NAR reported that the inventory of unsold existing homes was up to 980,000, an increase of 1.0%

Inventory 345

Inventory Housing Market Realtors Mortgage 345

Housing Wire

JUNE 22, 2023

Existing home sales marginally increased in May , but were still down significantly from a year prior, according to the latest report from the National Association of Realtors (NAR). Total housing inventory recorded at the end of May was 1.08 Unsold inventory is at a 3.0-month Total existing home sales rose 0.2% million in May.

Inventory 329

Inventory Construction Realtors Marketing 329

Housing Wire

OCTOBER 21, 2021

in September after waning in August, according to a new report National Association of Realtors released Thursday. Year-over-year, inventory of unsold homes decreased 13% in September to 1.27 Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year.”.

Inventory 400

Inventory Buyers Realtors Contracts 400

Housing Wire

SEPTEMBER 23, 2021

Khater said that homebuyers are soaking up all available inventory, which has improved slightly, while home-price growth is also moderating. Meanwhile, the housing market continues to lure buyers seeking their dream home as well as those looking to reduce their monthly payments through a mortgage refinancing.

Mortgage 441

Mortgage Inventory Construction Technology 441

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% annually to $350,000, according to the Friday report from the National Association of Realtors. from the prior month to a seasonally adjusted annual rate of 6.5 January sales fell 2.3% from a year ago. That translates to just 1.6

Supply Chain 404

Supply Chain Inventory Buyers Contracts 404

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). Given the ongoing job additions, any meaningful decline in mortgage rates could lead to a rush of buyers later in the year and into the next.”

Construction 341

Construction Inventory Realtors Housing Market 341

Housing Wire

FEBRUARY 22, 2024

Balancing supply and demand is a delicate dance between new construction and existing properties. Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers.

Business 339

Business Marketing Real Estate Legal 339

Housing Wire

JUNE 22, 2021

million, the National Association of Realtors reported on Tuesday. “Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” said Lawrence Yun, NAR’s chief economist. Unsold inventory sits at a 2.5-month

Inventory 398

Inventory Buyers Realtors Housing Market 398

Housing Wire

JUNE 3, 2021

Home prices continue to accelerate while inventory remains low and new home construction cannot happen fast enough,” said Sam Khater, Freddie Mac’s chief economist. Tight housing inventory, obstacles to a faster rate of new construction, and rapidly rising home prices continue to hold back purchase activity,” said Kan.

Mortgage 312

Mortgage Inventory Construction Realtors 312

Housing Wire

SEPTEMBER 22, 2022

from the beginning of this year, but they may have not peaked, putting pressure on affordability challenges for most prospective buyers as the Federal Reserve vows to tame inflation. We do not see new construction returning in a meaningful way any time soon. Mortgage rates have nearly doubled to around 6.5% in 2023. “Now

Mortgage 401

Mortgage Loan Officers Buyers Inventory 401

Housing Wire

NOVEMBER 18, 2020

Real estate agents across the country have made it clear – low inventory and low mortgage rates have kept them busy throughout the pandemic, especially in typical vacation destinations. Duryea said that a lot of buyers prefer turnkey homes, or fully furnished homes because they don’t want to spend money shipping personal items.

Housing Market 457

Housing Market Marketing Real Estate Agent Agents 457

Housing Wire

JANUARY 21, 2021

Remarkably, most industry experts believe construction rates will climb even higher in 2021. “We expect single-family construction to move up 9% in 2021 — a much-needed relief valve for homebuyers,” said Danielle Hale, chief economist at Realtor.com. above the revised November rate of 1.635 million.

Construction 542

Construction Loan Officers Realtors Buyers 542

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. “Buyers are still lining up a feverish pace,” Yun said. “Buyers are still lining up a feverish pace,” Yun said.

Supply Chain 414

Supply Chain Inventory Buyers Realtors 414

Empire Appraisal Group

DECEMBER 14, 2023

1 in 3 Sellers Granting Buyer Concessions By Kerry Smith Two Fla. SEATTLE – Home sellers gave concessions to buyers in 35% of U.S. metro buyer concessions (metros had at least 50 closed deals) Miami : 35.4% For the study, a concession is considered something that helped reduce the buyers’ total cost of purchasing the home.

Sellers 78

Sellers Buyers Agents Contracts 78

Housing Wire

DECEMBER 3, 2020

“In high-demand areas where only one or two properties come on the market, maybe in a month, we’re seeing [buyers paying] upwards of $100,000 to $150,000 over asking price.”. months worth of housing inventory, which is the lowest ever, the report from Keller Williams said. But last week, I listed a home for $1.17

Marketing 531

Marketing Realty Realtors Housing Market 531

Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% The KAAR also said housing inventory dropped for six straight months to start the new year. year-over-year.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Housing Wire

MARCH 25, 2021

“During the course of the pandemic, ‘home’ had become more important than ever, and as a result, strong purchase demand continues—but buyers also outnumber the sellers,” Khater said. Many economists speculate rising rates will be the key to quelling construction woes, even if it does eventually take a slight toll on demand.

Mortgage 539

Mortgage Construction Realtors Inventory 539

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Need for New Construction. Construction Workforce Concerns. Why Is U.S.

Inventory 68

Inventory Construction Real Estate Renovations 68

Housing Wire

MARCH 23, 2021

While some economists pointed to harsh weather as a likely deterrent of February home sales, others noted the plague of rising home prices, limited inventory and the uptick in mortgage rates. The home can be in any stage of construction: not yet started, under construction or completed.

Construction 527

Construction Buyers Development Contracts 527

Housing Wire

JANUARY 19, 2024

Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. In the CNBC interview, I stressed that we do have one positive on the inventory side of things: we are seeing new listings data growth.

Housing Market 407

Housing Market Inventory Contracts Marketing 407