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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Inventory Housing Market Mortgage Marketing 513

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

Marketing 457

Marketing Housing Market Inventory Mortgage 457

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 Market Marketing Real Estate New Listings 78

Housing Wire

SEPTEMBER 27, 2023

In the week following the Federal Open Market Committee ‘s meeting, mortgage applications sunk. 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. For the week that ended Sept.

Mortgage 425

Mortgage Contracts Inventory Marketing 425

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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Inventory Contracts Buyers Sellers 380

Housing Wire

JANUARY 6, 2022

The supply-demand imbalance fueling the housing market shows no signs of abating in 2022, even as homebuilders attempt to bridge the gap. An under-supplied market has strong implications for house prices, particularly during a time when prices seemingly set new records every month. Measuring the housing deficit.

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Supply Chain Housing Market Construction Inventory 493

Housing Wire

FEBRUARY 24, 2023

Inventories that were 90-plus days late on mortgage payments increased largely in Florida. The latest economic data showed a robust job market , resilient consumer spending and a slowdown in disinflation numbers. Active foreclosure inventory rose by 2.5% However, the foreclosure starts are still 37% below pre-pandemic levels.

Mortgage 393

Mortgage Inventory Lending Marketing 393

Eyes on Housing

DECEMBER 8, 2021

The labor market continues to tighten, especially for the construction industry. 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). Hiring in the. Read More ›

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Construction Inventory Housing Market Marketing 179

Housing Wire

OCTOBER 31, 2022

In 2000, we saw a lot of credit stress in the system. When the Fed says they may need to keep rates higher for longer, I believe that’s them talking tough, as they can fall back on the fact that the labor market is still solid and household balance sheets are good. Total inventory in America grew from 2000 to 2005 while demand grew.

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Law Inventory Lending Mortgage 513

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.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

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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Real Estate Agent Real Estate Buyers Realty 450

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. Others have expressed concerns that we are headed for a housing crash, like in 2008. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is.

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Inventory Market Value Appraisal Contracts 243

Empire Appraisal Group

APRIL 13, 2023

Wall Street Expects Robust 2023 New-Home Market NEWS & MEDIA akurtz / Getty Images Source: Wall Street Expects Robust 2023 New-Home Market | Florida Realtors Wall Street Expects Robust 2023 New-Home Market By Alex Veiga The stock for many major U.S. KB Home, PulteGroup and Tri Pointe Homes are among more than a dozen U.S.

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Marketing Buyers Investors Realtors 78

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 Last year we had a significant sales decline for the existing home sales market, which got worse as the year progressed. Unsold inventory sits at a 2.6-month

Inventory 525

Inventory Housing Market Marketing New Listings 525

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. Closings within 30 to 45 days is remarkable and typical in most markets here.

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Real Estate Agent Real Estate Sellers Legal 382

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. Regionally, house flipping was down in 70 percent of U.S. How fix’n’flip loans could help expand housing inventory. The post House flipping hits lowest level since 2000 appeared first on HousingWire.

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Investors Investing Inventory Lending 477

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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Housing Market Marketing Construction Development 535

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. The only markets in the top 50 by population where seasonally adjusted prices are still falling are Austin, Texas (-0.7%); Salt Lake City, Utah (-0.12%) and San Antonio, Texas (-0.07%).

Inventory 379

Inventory New Listings Marketing Sellers 379

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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Construction Housing Market Inventory Marketing 498

McKissock

SEPTEMBER 7, 2021

A recent article from Realtor.com quotes NAR’s Chief Economist Lawrence Yun telling Fox Business, “Given that SpaceX and Blue Origin employees have sophisticated high-tech skills with presumably high income, the impacted small community real estate market will clearly benefit.”. What Does This Mean For Real Estate Agents?

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Real Estate Agent Real Estate Transportation Agents 69

Housing Wire

FEBRUARY 24, 2023

Just like in the existing home sales market, when sales are low, anything positive on the rate side can move the market in a positive direction. This goes into my low housing bar theme for 2023 and why we need context with sales data. However, this isn’t how inventory grows in America. This represents a supply of 7.9

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Inventory Construction Housing Market Mortgage 474

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. Fewer Foreclosure Purchases.

Investors 393

Investors Renovations Marketing Retail 393

Berkshire Hathaway

FEBRUARY 23, 2021

Unlike what we experienced a little over a decade ago, there are multiple reasons why this market is completely different. First big difference is the housing supply is extremely sparse, which means if supply is low and demand is high, prices naturally increase. Second difference is that this time the housing demand is real.

Home Value 36

Home Value Inventory Real Estate Mortgage 36

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 487

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.

Mortgage 370

Mortgage Loan Officers Inventory Housing Market 370

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. months , this is just an OK market for the builders.

Construction 483

Construction Sellers Inventory Housing Market 483

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

Construction 423

Construction Inventory Buyers Housing Market 423

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. They think there is no housing shortage.

Inventory 457

Inventory Construction Marketing Mortgage 457

Housing Wire

JUNE 1, 2023

The private-label and agency mortgage-backed securities (MBS) markets , the primary sources of liquidity for many mortgage lenders, are taking a beating so far this year. That dour performance mirrors what’s happening in the primary mortgage market — where origination volume is down drastically year to date in 2023.

Real Estate 379

Real Estate Mortgage Marketing Inventory 379

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. The mortgage market is projected to slip further, however, to $1.74 In addition, the unsold existing homes inventory has slipped for three consecutive months, ending October at 1.22 million in 2024.

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Contracts Government Mortgage Buyers 382

Housing Wire

NOVEMBER 29, 2023

Homebuilders are also pacing the number of homes they bring to market. 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. However, the price gains are hardly uniform across the 20 cities with their own indices.

Construction 411

Construction Finance Inventory Development 411

Housing Wire

APRIL 15, 2022

Nicollette Chapman: “ Some lenders won’t survive the purchase mortgage market of 2022 ” by Flavia Furlan Nunez. It was 2000, and the real estate market was fairly uneventful – rates were around 8% and house prices were affordably flat. HousingWire : What is the best piece of advice you’ve received?

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Real Estate Real Estate Agent Business Housing Market 370

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. months, and below, this is an excellent market for builders. When supply is 4.3

Construction 457

Construction Marketing Housing Market Mortgage 457

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, and below, this is an excellent market for builders. months , this is just an OK market for the builders. From Census: For Sale Inventory and Months’ Supply, The seasonally?adjusted

Construction 457

Construction Inventory Contracts Buyers 457

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 510

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. He designed the estate, completed in 2000, from the ground up. As we all (should) know, any person or company.

Appraisal 87

Appraisal Real Estate Valuation Contracts 87

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.

Construction 370

Construction Housing Market Sellers Marketing 370