Housing Wire

SEPTEMBER 21, 2023

Inventory still negative year over year From NAR: Total housing inventory registered at the end of August was 1.1 Unsold inventory sits at a 3.3-month The housing inventory data has been negative year over year per the NAR data for the past few months. Year-over-year, sales fell 15.3% (down from 4.77

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Housing Wire

APRIL 25, 2023

Mortgage financing and the prospect of economic weakness are therefore likely to remain a headwind for housing prices for at least the next several months,” Lazzara said. However, despite the recent uptick, the continued low inventory conditions are expected to keep home prices elevated nationally. yearly increase, down from 2.5%

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Housing Wire

SEPTEMBER 27, 2023

And the purchase market saw applications down 2% over the prior week and 27% behind last year’s pace. It is still facing limited for-sale inventory and struggling with affordability issues. Based on the FOMC’s most recent projections, rates are expected to be higher for longer, which has driven Treasury yields to new heights.

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Mortgage Contracts Inventory Marketing 440

Eyes on Housing

DECEMBER 8, 2021

The count of open construction jobs increased to 410,000 unfilled positions in October, the highest measure in the history of the data series (going back to late 2000). The housing market remains underbuilt and requires additional labor, lots and lumber and building materials to add inventory. Hiring in the.

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Construction Inventory Housing Market Marketing 179

Housing Wire

JANUARY 6, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. Any market characterized by rising demand against insufficient supply is Econ 101 for price growth.

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Supply Chain Housing Market Construction Inventory 500

Housing Wire

OCTOBER 31, 2022

In 2000, we saw a lot of credit stress in the system. During the build-up to when the housing bubble burst, housing was getting noticeably weaker on many fronts. Currently, the housing market is in a recession: sales, production, jobs and incomes are all falling in the housing sector. Today, we are at 1.25

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Housing Wire

FEBRUARY 24, 2023

Inventories that were 90-plus days late on mortgage payments increased largely in Florida. Active foreclosure inventory rose by 2.5% month over month to hit another record low in January, dating back to at least 2000 when Black Knight began reporting the metric. While foreclosure started on 5.6%

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Empire Appraisal Group

SEPTEMBER 8, 2022

Housing Market Collapse? Housing Market Collapse? The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. housing market is suffering some cracks, but an outright collapse is nowhere in sight.

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Housing Wire

MARCH 12, 2024

Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% homeownership rate was close to a record high in census data going back to 2000. in 2023, with a net gain of 377,000 Hispanic owner households from the previous year. In total, more than 9.5 of overall U.S. And the 49.5%

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Housing Wire

APRIL 23, 2021

While 2021 likely won’t approach the record breaking tizzy of 2020, the housing market will continue to flourish on the strength of the purchase market, according to economists at the Mortgage Bankers Association. How outsourcing gives lenders an advantage in 2021’s purchase market. After last year’s record $3.83

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Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above.

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Housing Market Marketing Inventory Sellers 546

Housing Wire

APRIL 20, 2023

months’ worth of housing inventory in the U.S. We have a workable range for 2023 sales in the existing home sales market between 4 million and 4.6 NAR: Total housing inventory registered at the end of March was 980,000 units, up 1.0% Unsold inventory sits at a 2.6-month We only have 2.6 economy.

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Inventory Housing Market Marketing New Listings 528

Cleveland Appraisal Blog

OCTOBER 14, 2021

Back then, as hot as that market was, I don’t remember the bidding wars that we see in today’s market, because at that time, the levels of housing supply were not nearly as low as they are today. It is interesting that inventory levels were increasing rapidly in the years leading up to 2008. And the saga continues.

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Inventory Market Value Appraisal Contracts 243

Housing Wire

JUNE 18, 2021

of all home sales in the first quarter of 2021 were flips — or one in 37 transactions, the lowest level since 2000. How fix’n’flip loans could help expand housing inventory. The market is tight, prices are soaring on what stock is available and it’s not available long. were flipped in the first quarter.

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Investors Investing Inventory Lending 485

Housing Wire

JULY 26, 2021

As an Irish immigrant to the United States in 1996 who became a real estate broker in 2000, I can tell you this: The U.S. That market, which is fiercely competitive, allows consumers the best chance to see all inventory and make informed decisions. Multiple Listing Services (MLS) by those trying to disparage the system.

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Housing Wire

MAY 3, 2023

In March, a modest bump in homebuyer demand, combined with a decline in for-sale inventory, drove up home prices compared to the month prior. While the annual home price growth rate is on track to fall to roughly 0% by April, low inventory levels will limit just how far that metric will fall in the coming month, Walden noted.

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Inventory New Listings Marketing Sellers 384

Housing Wire

JUNE 16, 2021

The National Association of Realtors says the current state of the housing market is absolutely “dire,” the consequence of a housing shortage 30 years in the making. According to the lobbying group, construction of long-term housing fell 5.5 From 1968 to 2000, the total stock of U.S. in the last decade.

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Empire Appraisal Group

APRIL 13, 2023

The surge in borrowing costs after years of soaring home prices pulled the housing market into a deep slump. Consider, from 2000 until the pandemic, new homes represented about 11% of all homes for sale. Builders are coming off a lousy 2022 as mortgage rates skyrocketed to a two-decade high, sidelining many would-be homebuyers.

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Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. The peak of the housing bubble was roughly 1.4

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Housing Wire

FEBRUARY 24, 2023

As we can see in the chart below, we are still below the recession levels of 2000 and really trending at 1996 levels. Homebuilders’ for-sale inventory and months’ supply The seasonally-adjusted estimate of new houses for sale at the end of January was 439,000. However, this isn’t how inventory grows in America.

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Inventory Construction Housing Market Mortgage 485

McKissock

SEPTEMBER 7, 2021

How Tech and Aerospace Are Already Impacting the Real Estate Market. As tech companies grew exponentially over the last 20 years, so have the housing prices around them. In fact, a quick glance at housing prices between 2000 and 2020 show percentage increases in the double and triple digits.

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Real Estate Agent Real Estate Transportation Agents 69

Housing Wire

FEBRUARY 19, 2024

According to Ben Metcalf, managing director of the Terner Center for Housing Innovation at UC Berkeley, the homeownership rate for California is 50 percentage points lower than the rest of the nation at only 44% in 2021. That represents a serious downtrend from a 50% homeownership rate in 2000. What’s the solution?

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Law Inventory Real Estate Government 496

Berkshire Hathaway

FEBRUARY 23, 2021

In real estate we measure supply and demand based on what we call “months’ supply of inventory.” What that is based on is the number of current homes for sale compared to the number of buyers that are on the market. This time around months’ inventory has been under 5 months for the last three years and it currently stands at 1.9

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Housing Wire

AUGUST 23, 2023

The last time mortgage rates reached the 8% level was in the early 2000s, when home prices were significantly lower. Rates at the 7% or 8% level could spur a reduction in home prices, but current inventory issues have limited this impact. Even with rates in the mid-7s, there are bidding wars in dozens of markets across the country.

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Mortgage Loan Officers Inventory Housing Market 370

Housing Wire

MAY 16, 2023

Homebuilder confidence is continuing to trend upward this spring, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Tuesday. Lack of existing inventory continues to drive buyers to new construction,” Robert Dietz , the NAHB’s chief economist, said in a statement. “In

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Construction Inventory Buyers Housing Market 432

Housing Wire

SEPTEMBER 28, 2022

In fact, new home sales are below the recession level of 2000 and back to 1996 levels already. They are good at selling their inventory much quicker than existing home sellers, who might still be stingy on prices. months and below, this is an excellent market for the builders. million level we saw in 2005.

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Construction Sellers Inventory Housing Market 491

Housing Wire

NOVEMBER 29, 2023

The index, which pegs January 2000 at 100, reached a seasonally adjusted all-time high of 311.175 in September as tight inventory continues to keep prices elevated. Home prices Nationally, home prices continue to inch upward, according to the S&P CoreLogic Case-Shiller Home Price Index published on Wednesday.

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Housing Wire

JUNE 24, 2022

As you can see below, new home sales are still below the 2000 recession level, and we just had a significant spike in mortgage rates too. The market has changed with rates so much higher, but for the most part, the builders are managing the recent weakness in sales as best they can. This is 10.7 percent (±18.9 percent (±22.0

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Inventory Construction Marketing Mortgage 466

Housing Wire

NOVEMBER 21, 2022

The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. In addition, the unsold existing homes inventory has slipped for three consecutive months, ending October at 1.22 million in 2022 before dropping to 4.42 million in 2023 and then climbing to 5.25 million in 2024.

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Contracts Government Mortgage Buyers 384

Housing Wire

APRIL 15, 2022

It was 2000, and the real estate market was fairly uneventful – rates were around 8% and house prices were affordably flat. HousingWire : What do you think will be the big themes for the housing market in 2022? Rates have risen more than 2 full percentage points, yet housing prices continue to rise.

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Housing Wire

NOVEMBER 23, 2022

We are well below the 2000 recession level and back to 1996 levels. When you account for a population of over 330 million people, that sales number looks a lot lower than in 2000 and 1996 so be mindful that we are trending at low levels today. I would be careful reading too much into this report or even the current trend.

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Housing Wire

JUNE 1, 2023

million single-family home mortgages were originated nationwide­ — the lowest mark since 2000. Brian Hale, founder and CEO of consultancy Mortgage Advisory Partners , said in his view the 30-year mortgage rate has to drop into the mid-5% range at a minimum before the market can gain any real momentum.

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Housing Wire

OCTOBER 26, 2022

New home sales are now below the recession levels of 2000 and have fallen all the way to 1996 levels, when interest rates were near 8%. months , this is just an OK market for the builders. From Census: For Sale Inventory and Months’ Supply, The seasonally?adjusted When supply is 4.4 This represents a supply of 9.2

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Construction Inventory Contracts Buyers 466

Housing Wire

APRIL 18, 2023

Without rents taking off, the CPI data would look much more tame, like what we saw from the years 2000-2019. Tuesday’s housing starts data does show some promise on the front of attacking inflation and helping lowering mortgage rates, so let’s look at the report and find out what I am talking about. Since 44.4%

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Mortgage Construction Supply Chain Housing Market 515

Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction.

Investors 397

Investors Renovations Marketing Retail 397

Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. Over the years, I have tried to emphasize that the housing market in the U.S. This is below the recession levels of 2000 and back to 1996 levels.

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Construction Housing Market Sellers Marketing 370

Appraisal Today

JUNE 23, 2023

He designed the estate, completed in 2000, from the ground up. In addition to harming homeowners, systemic biases in valuations, either too low or too high, hurt neighborhoods, distort the housing market, and impact the tax base. To read more, click here My comments: Well-written and understandable.

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Appraisal Real Estate Valuation Contracts 85