2001 Contracts Inventory Sellers 
Housing Wire
MARCH 28, 2024
For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Ongoing job gains are clearly increasing demand along with more inventory.” from January to February due to steadily growing inventory. Overall, active inventory grew 14.8% higher than one year ago.
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
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.
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.
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%
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.
Appraisal Today
AUGUST 13, 2023
Guest Residence was built in 2001 with quality wood frame construction, smooth stucco exterior siding, and clay roof. Dear Sellers, the housing market misses you It’s tough to value properties today! The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.09
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