Remove 2000 Remove Housing Market Remove Inventory Remove Real Estate
article thumbnail

Why are exisitng home prices up year over year?

Housing Wire

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

Inventory 514
article thumbnail

Hispanic homeownership rate rose to 49.5% in 2023: NAHREP

Housing Wire

Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% million Hispanic households own their home, the National Association of Hispanic Real Estate Professionals ( NAHREP ) said in its 2023 State of Hispanic Homeownership Report released on Tuesday. In total, more than 9.5

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

U.S. Housing Market Collapse? Nowhere in Sight

Empire Appraisal Group

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.

article thumbnail

Annual home-price growth cooled further in February

Housing Wire

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%

Inventory 362
article thumbnail

The big short in housing supply isn’t going away

Housing Wire

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.

article thumbnail

Mortgage delinquency rates improve across the board

Housing Wire

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%

Mortgage 393
article thumbnail

Why the US MLS system is the envy of other countries

Housing Wire

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. The real estate industry and the U.S. And expedient.