Housing Wire

OCTOBER 8, 2021

home prices are quickly shifting the affordability calculus for prospective homebuyers in 2021 — even though mortgage rates have remained near record lows. from a year ago to $356,700, according to the National Association of Realtors. Even with an average 30-year fixed rate mortgage of 2.84% in August , the 14.9% Among 75 U.S.

Renovations 542

Renovations Inventory Marketing Property Taxes 542

Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. What’s happening with inventory? Consumers are very sensitive to changes in mortgage rates , and rates are still rising. from last week.

Inventory 482

Inventory Contracts New Listings Mortgage 482

Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. Once that happens, I can finally take the savagely unhealthy housing market theme off my talking points. What does this mean? million to 1.93 How low do rates need to go?

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Inventory New Listings Housing Market Sellers 519

Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. Mortgage interest rates have risen quickly in the past few months further eroding affordability. However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years.

Realtors 378

Realtors Housing Market Marketing Buyers 378

Housing Wire

JANUARY 12, 2022

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020.

Inventory 535

Inventory Mortgage Housing Market Marketing 535

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. This is what I call a supply-constrained market. “In

Inventory 448

Inventory Renovations Real Estate Government 448

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. months for the new home sales market.

Inventory 494

Inventory Housing Market Marketing Modernization 494

Housing Wire

JANUARY 29, 2024

Most economists forecast mortgage rates to decline in 2024, stoking optimism about the housing market. According to the newest Bloomberg Markets Live Pulse Survey (MLIV Pulse), the rate on the 30-year fixed mortgage will fall to 5.5% million existing homes were sold, according to the National Association of Realtors.

Mortgage 414

Mortgage Inventory Investors New Listings 414

Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The real estate market As of Jan. And the median days on the market was 56 in December , compared to the national median of 43.

Housing Market 387

Housing Market Marketing Logistics Real Estate 387

Housing Wire

AUGUST 10, 2020

As mortgage rates and housing inventory continue to hit record lows, potential homebuyers face an increasingly competitive environment. The most competitive market was Salt Lake City, again , where 75% of Redfin offers had competition. Last week , average U.S. Last week , average U.S. million received multiple bids in July.

Inventory 516

Inventory Mortgage Realtors Marketing 516

Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. A healthy housing market is considered roughly six months of supply.

Inventory 493

Inventory Contracts Housing Market Buyers 493

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

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Inventory Marketing Business Buyers 319

Housing Wire

SEPTEMBER 14, 2023

Over one-third (34%) of prospective buyers have yet to purchase a home because there are not enough homes for sale in their budget, according to a new survey from the National Association of Realtors. The Realtor survey was sent out in late July to 55,751 randomly-selected residential Realtors.

Buyers 395

Buyers Inventory Realtors Finance 395

Housing Wire

APRIL 15, 2024

The National Association of Mortgage Brokers (NAMB) announced a partnership with artificial intelligence (AI)-based video marketing platform Roomvu to provide mortgage brokers with marketing tools. Their innovative marketing technology is easy to use and is proven to move the needle in our industry.

Marketing 307

Marketing Real Estate Agent Tools Realtors 307

Housing Wire

APRIL 25, 2024

“It is extremely competitive,” DeRoussel said of the Cincinnati housing market. “We According to data from Altos Research , the Cincinnati metro area (which includes portions of Ohio, Kentucky and Indiana) currently has a Market Action Index score of 54, while the state of Ohio has a score of 55. Buyers are really struggling.”

Buyers 376

Buyers Marketing Inventory Investors 376

Housing Wire

DECEMBER 26, 2022

Starting this week, I will analyze weekly data in a Housing Market Tracker article every Monday to provide a status update on the U.S. housing market and economy. The housing market is one sector that can turn positive or negative very quickly depending on mortgage rates or one-time shocks like we saw with COVID-19.

Housing Market 471

Housing Market Marketing Inventory Mortgage 471

Housing Wire

MAY 27, 2021

Like new and existing sales, pending home sales felt the strain of exhausted home inventory in April ? according to Thursday data from the National Association of Realtors. The upper-end market is still moving sharply as inventory is more plentiful there.”. dropping 4.4% from the previous month to an index of 106.2,

Inventory 428

Inventory Realtors Contracts Marketing 428

Housing Wire

AUGUST 22, 2023

“Home sellers are buyers” — this is a phrase that I have been using in my economic work to explain the reality of the housing market recently. So, when home prices and mortgage rates rise so quickly, some sellers won’t list , which means they’re not buying either. Unsold inventory sits at a 3.3-month million in July.

Sellers 353

Sellers Marketing Inventory Housing Market 353

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. months for the new home sales market.

Inventory 404

Inventory Housing Market Marketing Modernization 404

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.” Both buyers and sellers are coming back to the market,” Fischer said.

Housing Market 396

Housing Market Marketing Inventory Construction 396

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. Against that backdrop, Zillow identified prime markets for first-time homebuyers , and half of them were nestled in the Midwest.

Housing Market 376

Housing Market Marketing Training New Listings 376

Housing Wire

APRIL 17, 2024

Expect 2024 to be mildly better than 2023 with mortgage rates falling in the second half of the year, housing experts opined in their forecasts at the end of the year. Rate cuts are still coming, just not in March , traders and market experts reasoned more recently as the economy continued to run hot.

Mortgage 450

Mortgage Brokerage Real Estate Tenants 450

Housing Wire

OCTOBER 19, 2023

The savagely unhealthy housing market continues to unfold as we approach Halloween. Sales are still falling, home prices keep rising, and inventory is still negative year over year. Too many people chasing too few goods — and days on the market are still under 30 days. On top of all that, mortgage rates are now at 8%.

Housing Market 435

Housing Market Marketing Inventory Buyers 435

Housing Wire

MAY 30, 2024

in April compared to March as rising mortgage rates weighed on the market, according to data released Thursday by the National Association of Realtors (NAR). year over year in April, as the supply of existing homes increased and high mortgage rates hampered demand. But active inventory rose 30.4% All four U.S.

Real Estate Agent 304

Real Estate Agent Inventory Realtors Buyers 304

Housing Wire

JULY 22, 2021

million, according to the National Association of Realtors. You can thank a rise in housing inventory for the gains. million in June 2020 as housing inventory has slowly improved in recent months. Total housing inventory at the end of June amounted to 1.25 from May’s inventory and down 18.8% Sales climbed 22.9%

Inventory 488

Inventory Buyers Realtors Construction 488

Housing Wire

APRIL 18, 2024

The recent hotter-than-expected inflation reading sent mortgage rates upward. On Thursday, HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.31%, up from 7.19% a week earlier. Despite the challenging housing market, demand isn’t fading. million units, up 4.7%

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Mortgage Housing Market Realtors Inventory 300

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

MARCH 21, 2024

Existing home sales increased in February, a good sign as the market heads into the spring homebuying season. million, up from 4 million in January, according to a report released Thursday by the National Association of Realtors (NAR). The inventory of existing homes has been steadily increasing, despite elevated mortgage rates.

Inventory 404

Inventory Realtors Marketing Mortgage 404

Housing Wire

OCTOBER 26, 2023

Average mortgage rates on 30-year fixed home loans continued their march towards 8% this week as the Treasury yield surpassed 5%. Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey. million units sold.

Mortgage 410

Mortgage Inventory Housing Market Realtors 410

Housing Wire

FEBRUARY 8, 2024

Home prices increased in the fourth quarter of 2023 as mortgage rates declined. metro markets analyzed registered home price increases, up from 82% in the previous quarter, according to a report from the National Association of Realtors (NAR). Sales were restrained due to limited inventory,” Yun said. from Q4 2022.

Mortgage 372

Mortgage Realtors Inventory Marketing 372

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month

Housing Market 541

Housing Market Marketing Inventory Sellers 541

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

MAY 8, 2023

I was tired of fighting with mortgage lenders about self-employment income, high-interest rates , and dealing with scarce inventory that fit our family’s needs. To overcome the disparity in my income, my father agreed to be our co-borrower on the mortgage assumption application. We decided to rent a bigger home.

Mortgage 388

Mortgage Marketing Realtors Sellers 388

Housing Wire

OCTOBER 18, 2023

As the 30-year fixed mortgage rate increased for the sixth consecutive week to 7.70%, mortgage applications slumped, hitting their lowest level since 1995. Mortgage applications decreased 6.9% 13, compared to the week prior , according to weekly mortgage application data from the MBA. for the week ending Oct. from 14.4%

Mortgage 419

Mortgage Realtors Inventory Marketing 419

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

Housing Market 392

Housing Market Buyers Agents Marketing 392

Housing Wire

SEPTEMBER 19, 2023

Meanwhile, the available inventory of unsold homes is growing. This week, inventory grew faster than it did last year at this time. This is alarming because this was the moment last year when the market turned south. Last year, inventory climbed dramatically for months. That’s a change in expectation of mortgage rates.

Housing Market 406

Housing Market Marketing Inventory New Listings 406

Housing Wire

APRIL 18, 2024

Existing home sales slumped last month under the weight of elevated mortgage rates. 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.”

Inventory 341

Inventory Real Estate Agent Sellers Buyers 341