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.

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Inventory Renovations Contracts Buyers 421

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. year over year in 2023 to 670,000 homes due to higher new home inventory than existing home inventory. year over year.

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Inventory Realtors Contracts Construction 432

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. Existing home sales also fell in August, down 15.3% below the August 2022 level. The NAR’s Pending Home Sales Index fell to a reading of 71.8

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Housing Market Contracts Government Buyers 479

Appraisal Buzz

SEPTEMBER 29, 2021

The National Association of Realtors ’ Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, increased 8.1% An index of 100 is equal to the level of contract activity in 2001. Year-over-year, signings dipped 8.3%.

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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 Presented by: Evocalize. All four major U.S.

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Contracts Realtors Inventory Marketing 397

Housing Wire

SEPTEMBER 15, 2023

of homes that went under contract that month, according to a new report from Redfin. Rates last month surged to 7.23%—the highest since 2001 – sending the typical homebuyer’s monthly payment up significantly from last year. Nearly 60,000 home-purchase agreements were canceled nationwide in August, equal to 15.7% The median U.S.

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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 The overall pending home sales index fell 1.9% in June, according to the National Association of Realtors , which tracks the metric. (An

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Marketing Buyers Realtors Real Estate 441

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Home prices will be influenced by how much inventory is brought to market. Nevertheless, inventory shortages and living alternatives are likely to keep a lid on existing home sales this year. next year, to $395,000. “It in 2023, to 720,000.

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Construction Inventory Realtors Housing Market 370

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.

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Inventory Contracts Training Investors 530

Housing Wire

AUGUST 14, 2023

This momentous shift dismantled the barriers that once confined inventory to cumbersome books where practitioners were no longer at the mercy of brokers who held real estate data hostage for their own advantage. According to a 2001 NAR survey , only 69% of buyers used the services of a real estate agent.

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Real Estate Real Estate Agent Marketing Technology 370

Housing Wire

APRIL 29, 2021

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 Though homes in contract are not always closed, the index figure is a strong indication that home sales will rebound in the coming months after an inventory-induced decline.

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Contracts Inventory Construction Realtors 421

Housing Wire

AUGUST 3, 2021

Home prices continue to increase as national inventory levels remain low heading into August. Bend, Oregon, with beautiful scenery, a bevy of craft breweries and microscopic home inventory, saw the second-highest home price increase in the country year-over-year, at 35.4%. But relief for buyers could be coming in the next 12 months.

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Buyers Inventory Realtors Contracts 504

Appraisal Today

AUGUST 18, 2023

That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. percent, matching October 2022’s rate and the highest rate since 2001,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.57

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Appraisal Contracts Inspection Real Estate 73

Housing Wire

AUGUST 24, 2023

This week, the 30-year fixed-rate mortgage reached its highest level since 2001 and indications of ongoing economic strength will likely continue to keep upward pressure on rates in the short-term,” said Sam Khater, Freddie Mac’s chief economist. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time.

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Mortgage Property Taxes Investors Buyers 370

Appraisal Today

JUNE 10, 2022

Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. ” The most popular reason for respondents rebuffing the bubble thesis is strong market fundamentals, including demographics, scarce inventory and shifting housing preferences. Available to rent on Airbnb, of course.

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Appraisal Contracts Business Mortgage 52

Housing Wire

APRIL 20, 2022

But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. Just how we do contracts now is so much faster. The back end systems, when we are listing something or putting something under contract, it is all just very seamless. Brokerages Invest in Tech.

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Real Estate Agent Real Estate Agents Brokerage 421

Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9%

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Inventory Sellers Buyers Contracts 54

Appraisal Today

AUGUST 13, 2023

Guest Residence was built in 2001 with quality wood frame construction, smooth stucco exterior siding, and clay roof. The purchase index fell for the fourth consecutive week, as homebuyers continue to struggle with low for-sale inventory and elevated mortgage rates.” The average contract interest rate for 5/1 ARMs increased to 6.36

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Appraisal Contracts Real Estate Agent Mortgage 73

Appraisal Today

SEPTEMBER 29, 2023

The purchase market, which is still facing limited for-sale inventory and eroded purchasing power, saw applications down over the week and 27 percent behind last year’s pace. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.41 percent from 11.0

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Houston Properties

JANUARY 12, 2022

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). Overall, right now properties are still actively going under contract. The biggest challenge right now is the low inventory.

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Real Estate Marketing Real Estate Agent Realtors 36