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.

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Contracts Inventory Housing Market Realtors 311

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. Year over year, the PHSI was down 31.0%, marking the 16 th consecutive month of annual drops.

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Contracts New Listings Realtors Housing Market 512

Housing Wire

MARCH 28, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. NAR’s Pending Home Sales Index increased to 75.6 in February, up from 74.3 in January. On a year-over-year basis, pending sales were down 7%.

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Inventory Realtors Contracts Sellers 427

Assurance Financial

APRIL 15, 2024

As you look at potential homes, you may also want to look at housing market trends in Lafayette to ensure you can navigate the market as stress-free as possible. Our team is here to help you find a loan option that best fits your needs, and we will handle the entire process in-house to make it smoother.

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Housing Market Marketing Modernization Finance 36

Housing Wire

FEBRUARY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Bright MLS chief economist Lisa Sturtevant added: “The new pending sales data for January provides further evidence that the housing market may have bottomed out at the end of last year. Despite the strong monthly increase, pending home sales are down 24.1%

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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

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Inventory Contracts Buyers Realtors 403

Housing Wire

FEBRUARY 29, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. NAR’s Pending Home Sales Index (PHSI) decreased to 74.3 in January, down from 77.3 in December. On a year-over-year basis, pending sales were down 8.8%. from December’s annualized rate.

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Contracts Inventory Realtors New Listings 379

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 “seesaw” nature of pending home sales could indicate a turning point for the housing market, according to Lawrence Yun, NAR chief economist.

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Marketing Buyers Realtors Real Estate 441

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. An index of 100 is equivalent to the level of pending sales in 2001. A healthy housing market is considered roughly six months of supply. and West (96.9) respectively.

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Inventory Contracts Housing Market Buyers 500

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. Meanwhile, housing starts are forecast drop 5.3%

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Construction Inventory Realtors Housing Market 340

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.

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Contracts Realtors Mortgage Buyers 420

Housing Wire

OCTOBER 6, 2023

While the Fed’s policy mandate is on macroeconomic conditions rather than secular factors, MBA has made clear the negative impact that the Fed’s policy choices are having on both the mortgage market and the dream of affordable homeownership, particularly for low- and moderate-income homebuyers and minority borrowers, the letter read.

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Government Mortgage Investors Marketing 465

Housing Wire

JANUARY 25, 2023

The firm announced on Wednesday that it was eliminating about 24% of its workforce, or over 250 jobs, as it restructures departments and consolidates teams amid a tough housing market. The firm reduced its workforce by about 27%, or about 350 positions, in October following a slowdown in the housing market.

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Valuation Technology Modernization Appraisal 385

Housing Wire

AUGUST 10, 2023

Another rate hike in September would move the target federal funds rate to its highest level since March 2001. When rates were around 7% in late October and November of 2022, demand for housing slowed down significantly, said Bright MLS Chief Economist Lisa Sturtevant.

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Mortgage Real Estate Buyers Construction 369

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5 million listings.

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Inventory New Listings Law Housing Market 383

Housing Wire

APRIL 2, 2021

“The prime-age labor force participation rate fell in the aftermath of the Great Recession and it took a decade to return to the pre-Great Recession average (2001-2007) of 83%,” Kushi said. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints.

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Inventory Construction Housing Market Business 504

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. The monthly drop resulted in the Pending Home Sales Index recording a reading of 78.9, year over year.

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Inventory Realtors Contracts Construction 395

Housing Wire

NOVEMBER 30, 2022

An index of 100 is equal to the level of contract activity in 2001. Pending home sales have now fallen in 11 of the last 12 months. Year over year, the PHSI was down 37.0%, marking the 17 th consecutive month of annual declines. In recent weeks, however, mortgage rates have dipped back into the 6.0%

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Realtors Contracts Buyers Mortgage 366

Housing Wire

SEPTEMBER 15, 2023

Rates last month surged to 7.23%—the highest since 2001 – sending the typical homebuyer’s monthly payment up significantly from last year. That rate is up from 14.3% in August 2022 and marks the highest percentage since October 2022, when mortgage rates surpassed 7% for the first time in two decades.

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Buyers Mortgage New Listings Real Estate Agent 397

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. The index dropped to 116.7

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Inventory Renovations Contracts Buyers 421

Housing Wire

SEPTEMBER 29, 2022

An index of 100 is equal to the level of contract activity in 2001. The Pending Home Sales Index has declined for nine out of the past 10 months. Year over year, the PHSI was down 24.2%, marking the 15 th consecutive month of annual drops.

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Contracts Realtors Inventory Marketing 336

Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data.

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Housing Market Buyers Marketing Retail 389

Housing Wire

NOVEMBER 29, 2021

An index of 100 is equal to the level of contract activity in 2001.” ” One of the themes that I wanted to give to my readers is that housing data had surged toward the end of 2020, which created a high that couldn’t be sustained. in October. Year-over-year, signings fell 1.4%.

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Inventory Contracts Training Investors 529

Housing Wire

MARCH 1, 2022

Clearly, we love that the housing market supports so many professionals and households. But ultimately, efficient mortgage lending and real estate sales is what is most important to a healthy housing market. This could be read through a negative lens. Jobs are important. We must innovate. We must become more efficient.

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Real Estate Brokerage Real Estate Agent Technology 319

Clear Capital

MARCH 2, 2023

We have seen seismic shifts across the housing market in the past year, and the appraisal modernization policy work being done by Fannie Mae and Freddie Mac provides a welcomed change as alternative valuation approaches provide a crucial path forward for lenders and homeowners alike,” said Kenon Chen , EVP of Strategy and Growth at Clear Capital.

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Modernization Appraisal Valuation Real Estate 69

Assurance Financial

APRIL 15, 2024

Housing Trends The housing market in Baton Rouge is competitive, with most homes selling in a few months. Overall, the housing market trends in Baton Rouge show a decrease in the number of homes sold and their selling prices. Since creating our business in 2001 , we have made the home-buying experience seamless.

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Housing Market Marketing Modernization Business 36

Housing Wire

APRIL 29, 2021

The National Association of Realtors released encouraging news Thursday about the future of the housing market. relates to a baseline of 100 that the NAR put together in 2001. “By By coincidence,” the NAR explained, “The volume of existing homes sales in 2001 fell within the range of 5 to 5.5 What is this index?

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Contracts Inventory Construction Realtors 421

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. according to the latest data from the National Association of Realtors (NAR). NAR’s Pending Home Sales Index (PHSI) recorded a minor increase to 71.6 in November, from 71.4 one month ago.

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Realtors Contracts Mortgage Marketing 400

Housing Wire

SEPTEMBER 21, 2023

The housing market will remain subdued until the Federal Reserve starts cutting rates next year, according to economists and housing pros following the central bank’s Wednesday announcement to leave the benchmark rate unchanged in the target range of 5.25%-5.5%. Fed officials expect interest rates to be at 5.1%

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Real Estate Mortgage Buyers Inventory 376

Clear Capital

OCTOBER 27, 2021

Since embarking on our journey in 2001, we’ve held on to the belief that focusing on our customers’ success leads to greater impact on the entire mortgage industry. housing market. To do this, we sat down with our CEO, Duane Andrews, to get his perspective on the successes — and the challenges — of the past 20 years.

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Technology Valuation Appraisal Process Appraisal 69

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.

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Mortgage Construction Lending Real Estate 384

Housing Wire

FEBRUARY 7, 2024

Boasting more than 11,000 square feet with 10 bedrooms, eight bathrooms and staff quarters, ‘La Dune’s’ main house was designed by Stanford White. The second residence, which was built in 2001, was designed by French architect Francois Cartoux. “I

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Luxury Properties Design Real Estate Realty 328

Housing Wire

OCTOBER 18, 2022

due to the slowdown in the housing market, according to the firm. Established in 2001, the Nevada-headquartered company delivers solutions to modernize the appraisal process, which may take days to weeks to complete, or even longer during booming markets.

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Valuation Modernization Real Estate Appraisal 364

Housing Wire

JULY 5, 2022

Last month, the Federal Housing Finance Agency released plans, developed by Fannie Mae and Freddie Mac , to make the housing market more equitable, in part through changes to the appraisal process. The two desktop appraisal solutions were developed to meet new desktop appraisal guidelines in April. .

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Modernization Valuation Property Taxes Appraisal 347

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.

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Mortgage Property Taxes Investors Buyers 364

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

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Housing Wire

AUGUST 23, 2023

” The housing market According to Ratiu, viewed from the perspective of the past 20 years, the current 30-year fixed mortgage has high watermark rates. “We would have to go back to 2001 to find mortgage rates above 7.0%. Historically, rates tend to follow trends in inflation, with a lag of several months.”

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Mortgage Loan Officers Inventory Housing Market 356