2001, Contracts, Housing Market and Mortgage

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. million and a 15.8% million units.

Contracts

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Pending home sales were flat in April, but the South is a bright spot

Housing Wire

MAY 25, 2023

The housing market looks different than it does during a typical spring, when the market is usually in full gear,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. An index of 100 is equal to the level of contract activity in 2001. annual drop recorded in March.

Inventory

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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. below the August 2022 level.

Housing Market

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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 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

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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. or lower mortgage rate they locked in at. regions recorded year-over-year decreases in contract signings.

Contracts

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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

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Pending home sales pick up in February: NAR

Housing Wire

MARCH 28, 2024

Pending home sales increased modestly in February despite rising mortgage rates , growing 1.6% For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. in February, up from 74.3

Inventory

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Pending home sales rose 0.9% in July

Housing Wire

AUGUST 30, 2023

However, unlike the market for new homes , which has recovered convincingly above last year’s lows (+31.5%), pending home sales continue to lag behind year-ago levels (-14.0%). An index of 100 is equal to the level of contract activity in 2001. The NAR’s Pending Home Sales Index climbed to a reading of 77.6

Inventory

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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. The average interest rate on a 30-year-fixed mortgage was 7.07% in August. That rate is up from 14.3% This price was 2.8%

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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. “We

Contracts

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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.”

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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

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Pending home sales down nearly 25% from 2021 in August

Housing Wire

SEPTEMBER 29, 2022

An index of 100 is equal to the level of contract activity in 2001. The direction of mortgage rates – upward or downward – is the prime mover for home buying, and decade-high rates have deeply cut into contract signings,” Lawrence Yun, NAR’s chief economist, said in a statement. “If year over year in 2022, to 5.19

Contracts

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Pending home sales dip as “seesaw” market continues

Housing Wire

JULY 29, 2021

An index of 100 is equal to the average level of contract activity during 2001, the first year examined. The volume of existing-home sales in 2001 was within the range of 5 to 5.5 ” Yun said he expects the 30-year fixed mortgage rate to increase to 3.3% And, with demand easing and housing starts improving to 1.65

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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. this year and then decline to 6.0%

Construction

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Pending home sales fall 5.2% in March

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. In addition, NAR forecasts that mortgage rates will drop to 6.0% in 2024, and housing starts will fall 7.3%

Inventory

Inventory Realtors Contracts Construction

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. In recent weeks, however, mortgage rates have dipped back into the 6.0%

Realtors

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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 shock 2021 housing crash bears

Housing Wire

NOVEMBER 29, 2021

Who is crazy enough to write an American economic recovery model on April 7, 2020, and try to explain to people why housing isn’t going to crash due to demographics, good credit profiles and low mortgage rates? An index of 100 is equal to the level of contract activity in 2001.” in October. From July 14 to Sept.

Inventory

Inventory Contracts Training Investors

Mortgage rates continue to climb beyond 7%

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time. Other indices showed even higher mortgage rates.

Mortgage

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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).

Mortgage

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Pending home sales remain at historically low levels

Housing Wire

DECEMBER 28, 2023

Pending home sales in November were largely unchanged from October’s levels, a month that saw the lowest pending sales since 2001. “With mortgage rates falling further in December – leading to savings of around $300 per month from the recent cyclical peak in rates – home sales will improve in 2024,” Yun added. marking a 4.9%

Realtors

Realtors Contracts Mortgage Marketing

Too many appraisers?

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. Conch Shell House in Mexico on the island of Isla Mujeres. Purchase vs. refi appraisals.

Appraisal

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Apps for Appraisers

Appraisal Today

AUGUST 18, 2023

You are unlikely to see an immediate surge in desktop and hybrid appraisal assignments in the current volatile real estate market, but once normalcy returns to the mortgage rates and the housing market (as it always does), you can expect them to increase. August 16, 2023) — Mortgage applications decreased 0.8

Appraisal

Appraisal Contracts Inspection Real Estate

NAR Appraisal Survey 2022

Appraisal Today

OCTOBER 7, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Fannie Mae, Real estate market, Disbility, Redlining, unusual homes, mortgage origination stats, etc. =. The Tectonic House in Venice Beach, CA – $5.8M. Excerpts: Year Built: 2001. Housing Market Cools. Lot Size: 0.06

Appraisal

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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 Mortgage forbearance is a touchier subject.

Contracts

Contracts Inventory Construction Realtors

VA Update for Appraisers

Appraisal Today

OCTOBER 28, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, mortgage forecast, Halloween haunted homes, unusual homes, mortgage origination stats, etc. Haunted House Appraisals. 2022 Study: More Than Half of Buyers Would Purchase a Haunted Home in a Competitive Market.

Appraisal

Appraisal Contracts Mortgage Valuation

Residential Appraisals and Airbnb Income?

Appraisal Today

JUNE 3, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market changing, appraisal bias research, unusual homes, mortgage origination stats, etc. Excerpts: The housing market sizzle has faded and we’ve entered a different season. 10 Things on my mind about Today’s Market.

Appraisal

Appraisal Contracts Real Estate Marketing

ChatGPT for Appraisers

Appraisal Today

AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. How does your market compare with Ryan’s?

Appraisal

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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. About three-quarters of the 459 residences are under contract with a target opening late this year.

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.) mortgage holders considered “equity rich” – with 50% or more equity in their homes – fell in Q1 to 47.2%

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Property Appraisal Zone

Pending home sales surged in December: NAR

Pending home sales were flat in April, but the South is a bright spot

Trending Sources

Pending home sales fell 7.1% in August

Pending home sales fall 38% in November

Pending home sales recede in January: NAR

Pending home sales are down 31% from last year

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

Pending home sales pick up in February: NAR

Pending home sales rose 0.9% in July

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

Pending home sales rise for the first time since May 2022

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

The ugly side of housing: low inventory

Pending home sales down nearly 25% from 2021 in August

Pending home sales dip as “seesaw” market continues

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

Pending home sales fall 5.2% in March

Pending home sales are down 37% from last year

Pending home sales down again in September

Pending home sales shock 2021 housing crash bears

Mortgage rates continue to climb beyond 7%

Some mortgage companies expanding despite challenges

Pending home sales remain at historically low levels

Too many appraisers?

Apps for Appraisers

NAR Appraisal Survey 2022

Pending home sales rebound in March

VA Update for Appraisers

Residential Appraisals and Airbnb Income?

ChatGPT 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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