2001, Buyers, Contracts and Housing Market

Pending home sales surged in December: NAR

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. “Job in December, up from 71.6 in November.

Contracts

Contracts Housing Market Construction Inventory

Pending home sales fell 7.1% in August

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said.

Housing Market

Housing Market Contracts Government Buyers

Buyers are getting cold feet as mortgage rates exceed 7%: Redfin

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. of homes that went under contract that month, according to a new report from Redfin. A lot of sellers are also willing to let buyers slip away because they don’t want to concede to repair requests,” Morre said.

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Pending home sales fall 38% in November

Housing Wire

JANUARY 3, 2023

“Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates , which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home,” Lawrence Yun, NAR’s chief economist, said in a statement. On a month over month basis, all four of the major U.S.

Contracts

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Pending home sales are down 31% from last year

Housing Wire

OCTOBER 28, 2022

An index of 100 is equal to the level of contract activity in 2001. Persistent inflation has proven quite harmful to the housing market,” Lawrence Yun, NAR’s chief economist, said in a statement. Only when inflation is tamed will mortgage rates retreat and boost home purchasing power for buyers.”.

Contracts

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Pending home sales recede in January: NAR

Housing Wire

FEBRUARY 29, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Meanwhile, new home sales , which are also a measure of contract signings, reached a seasonally adjusted annual rate of 661,000 in January, up 1.5% As a result, long-term housing demand is increasing more significantly in these regions.

Contracts

Contracts Inventory New Listings Realtors

Pending home sales fell 2.7% in May though demand remains strong

Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” Lawrence Yun , the chief economist of NAR, said in a statement. annual drop recorded in April.

Contracts

Contracts Inventory Housing Market Realtors

Pending home sales rose 0.9% in July

Housing Wire

AUGUST 30, 2023

An index of 100 is equal to the level of contract activity in 2001. “The small gain in contract signings shows the potential for further increases in light of the fact that many people have lost out on multiple home buying offers,” said NAR Chief Economist Lawrence Yun. regions compared to one year ago.

Inventory

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The ugly side of housing: low inventory

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. An index of 100 is equivalent to the level of pending sales in 2001.

Inventory

Inventory Contracts Housing Market Buyers

Pending home sales jump again in January, but don’t get too excited

Housing Wire

FEBRUARY 27, 2023

Buyers responded to better affordability from falling mortgage rates in December and January,” Lawrence Yun, NAR’s chief economist, said in a statement. An index of 100 is equal to the level of contract activity in 2001. Instead, expect a bumpy road on the way to a more normal housing market in 2023.”

Housing Market

Housing Market Realtors Contracts Buyers

Pending home sales rise for the first time since May 2022

Housing Wire

JANUARY 27, 2023

Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.” An index of 100 is equal to the level of contract activity in 2001. “We We now have multiple leading housing indicators that are pointing to modestly higher sales activity.

Contracts

Contracts Realtors Mortgage Buyers

Pending home sales dip as “seesaw” market continues

Housing Wire

JULY 29, 2021

Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. An index of 100 is equal to the average level of contract activity during 2001, the first year examined. on the index in June, an 8.7%

Marketing

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Pending home sales down again in September

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. in 2022.

Inventory

Inventory Renovations Contracts Buyers

Pending home sales rose 0.3% in June, the first increase in 3 months

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The recovery has not taken place, but the housing recession is over,” said NAR Chief Economist Lawrence Yun. The presence of multiple offers implies that housing demand is not being satisfied due to lack of supply. in 2023, settling at 4.38

Construction

Construction Inventory Realtors Housing Market

Pending home sales are down 37% from last year

Housing Wire

NOVEMBER 30, 2022

An index of 100 is equal to the level of contract activity in 2001. October was a difficult month for home buyers as they faced 20-year-high mortgage rates,” Lawrence Yun, NAR’s chief economist, said in a statement. Pending home sales have now fallen in 11 of the last 12 months.

Realtors

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Pending home sales shock 2021 housing crash bears

Housing Wire

NOVEMBER 29, 2021

From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% An index of 100 is equal to the level of contract activity in 2001.” When inventory rises and more supply is on the market, this means demand is fading.

Inventory

Inventory Contracts Training Investors

Mortgage rates continue to climb beyond 7%

Housing Wire

AUGUST 24, 2023

Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.23% as of August 24, up from last week ’s 7.09%. What does it mean for the housing market ? Other indices showed even higher mortgage rates. said Sturtevant.

Mortgage

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Pending home sales rebound in March

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 in March, after two consecutive months of decline.

Contracts

Contracts Inventory Construction Realtors

Too many appraisers?

Appraisal Today

JUNE 10, 2022

House decorating used a lot of seashells and items found on the local beach. Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. Hot housing market not a bubble, economists say. Available to rent on Airbnb, of course. Jun 7, 2022. percent the previous week.

Appraisal

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Some mortgage companies expanding despite challenges

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. Chicago’s housing market started out hot in 2022. Department of Agriculture (USDA). during the same time.

Mortgage

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Residential Appraisals and Airbnb Income?

Appraisal Today

JUNE 3, 2022

Excerpts: The housing market sizzle has faded and we’ve entered a different season. We’ve basically said goodbye to the most aggressive housing market ever, and we’re in a new market now. Granted, the housing trend still feels elevated from normal, so it’s an error to call this market cold.

Appraisal

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VA Update for Appraisers

Appraisal Today

OCTOBER 28, 2022

Haunted House Appraisals. 2022 Study: More Than Half of Buyers Would Purchase a Haunted Home in a Competitive Market. Excerpts: How many people lived in a real haunted house? About 58% of home buyers say they’d consider purchasing a haunted home, according to our new survey of 1,000 Americans. October 10, 2022.

Appraisal

Appraisal Contracts Mortgage Valuation

Will Springer Realtor - Untitled Article

Will Springer Realtor

MAY 13, 2024

today – may hold the keys (literally and figuratively) to the housing conundrum. Baby Boomers still have a significant impact on various aspects of society, including the housing market, healthcare and the economy. The favorable boost in supply is the result of fewer buyers and sellers compared with most spring seasons.

HOA

HOA Transportation Construction Buyers

Houston Real Estate Market Forecast: Current Data & 2022 Predictions

Houston Properties

JANUARY 12, 2022

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. Concerned about a housing market crash? While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017).

Real Estate

Real Estate Marketing Real Estate Agent Realtors

SEATTLE POPULATION SPURT FUELS HOUSING DEMAND

Will Springer Realtor

JUNE 9, 2023

Can the housing market cope with rising demand? Our state is among five out West experiencing the greatest undersupply of housing in the nation (California, Colorado, Utah and Oregon are just ahead of Washington on the list.) Even the doubling of interest rates in less than a year did not dissuade some buyers in need of a home.

Buyers

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Property Appraisal Zone

Pending home sales surged in December: NAR

Pending home sales fell 7.1% in August

Trending Sources

Buyers are getting cold feet as mortgage rates exceed 7%: Redfin

Pending home sales fall 38% in November

Pending home sales are down 31% from last year

Pending home sales recede in January: NAR

Pending home sales fell 2.7% in May though demand remains strong

Pending home sales rose 0.9% in July

The ugly side of housing: low inventory

Pending home sales jump again in January, but don’t get too excited

Pending home sales rise for the first time since May 2022

Pending home sales dip as “seesaw” market continues

Pending home sales down again in September

Pending home sales rose 0.3% in June, the first increase in 3 months

Pending home sales are down 37% from last year

Pending home sales shock 2021 housing crash bears

Mortgage rates continue to climb beyond 7%

Pending home sales rebound in March

Too many appraisers?

Some mortgage companies expanding despite challenges

Residential Appraisals and Airbnb Income?

VA Update for Appraisers

Will Springer Realtor - Untitled Article

Houston Real Estate Market Forecast: Current Data & 2022 Predictions

SEATTLE POPULATION SPURT FUELS HOUSING DEMAND

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