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 and the Midwest (77.5)

Inventory 396

Inventory Contracts Buyers Realtors 396

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?

Contracts 414

Contracts Inventory Construction Realtors 414

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 310

Contracts Inventory Housing Market Realtors 310

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.

Marketing 433

Marketing Buyers Realtors Real Estate 433

Housing Wire

JULY 5, 2022

Real estate valuation technology company Clear Capital rolled out two application programming interfaces (APIs) that aim to make adopting and deploying modern valuation solutions easier, ultimately closing loans faster. The two desktop appraisal solutions were developed to meet new desktop appraisal guidelines in April. .

Modernization 342

Modernization Valuation Property Taxes Appraisal 342

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.

Contracts 508

Contracts New Listings Realtors Housing Market 508

Housing Wire

OCTOBER 18, 2022

Real estate valuation technology company Clear Capital will cut 27% of its workforce across its offices in the U.S. due to the slowdown in the housing market, according to the firm. Real estate valuation analysts are most affected by the cut in Roseville, with 25 out of a job.

Valuation 357

Valuation Modernization Real Estate Appraisal 357

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%

Real Estate 368

Real Estate Mortgage Buyers Inventory 368

Housing Wire

AUGUST 10, 2023

Another rate hike in September would move the target federal funds rate to its highest level since March 2001. The economy remains strong for the real estate sector According to George Ratiu, chief economist at Keeping Current Matters , real estate markets have benefited from more people gaining jobs and better paychecks this year.

Mortgage 369

Mortgage Real Estate Buyers Construction 369

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 382

Mortgage Construction Lending Real Estate 382

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. I’ve seen more homebuyers cancel deals in the last six months than I’ve seen at any point during my 24 years of working in real estate.

Buyers 390

Buyers Mortgage New Listings Real Estate Agent 390

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%

Housing Market 393

Housing Market Realtors Contracts Buyers 393

Housing Wire

JANUARY 25, 2023

Real estate valuation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan. 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.

Valuation 380

Valuation Technology Modernization Appraisal 380

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.

Inventory 493

Inventory Contracts Housing Market Buyers 493

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.

Realtors 391

Realtors Contracts Mortgage Marketing 391

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%

Construction 339

Construction Inventory Realtors Housing Market 339

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 413

Contracts Realtors Mortgage Buyers 413

Housing Wire

MARCH 1, 2022

This isn’t a new story in mortgage lending or real estate brokerage. Headcount is the most elastic line item on any housing sector P&L, and technology brings the promise of even greater elasticity and efficiency. Clearly, we love that the housing market supports so many professionals and households.

Real Estate 316

Real Estate Brokerage Real Estate Agent Technology 316

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.

Inventory 381

Inventory New Listings Law Housing Market 381

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.

Inventory 497

Inventory Construction Housing Market Business 497

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.

Inventory 387

Inventory Realtors Contracts Construction 387

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%

Realtors 363

Realtors Contracts Buyers Mortgage 363

Housing Wire

JUNE 8, 2023

The Bank of Canada increased rates by 25 bps to 4.75% on Wednesday, the highest level since 2001. Mortgage Bankers Association (MBA) president and CEO Bob Broeksmit said high rates, low inventory and economic uncertainty resulted in a slow housing market at the start of 2023 summer. ”

Mortgage 374

Mortgage Investors Inventory Housing Market 374

Housing Wire

AUGUST 23, 2023

And it is challenging to pin down given the surprising twists in the economy and real estate markets, which have “befuddled economists’ forecasts this year.” “We would have to go back to 2001 to find mortgage rates above 7.0%. .” over the 1971 – 2021 period.

Mortgage 356

Mortgage Loan Officers Inventory Housing Market 356

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

Inventory 414

Inventory Renovations Contracts Buyers 414

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.

Contracts 331

Contracts Realtors Inventory Marketing 331

Housing Wire

APRIL 13, 2022

As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. in 2001 to 44.8% Black homeownership rates have declined from 48.4%

Insurance 366

Insurance Construction Government Lending 366

Houston Properties

JANUARY 12, 2022

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. Concerned about a housing market crash? Review current Houston real estate data & lessons from past hurricanes and trends. For the broad Houston real estate market, all major indicators point to growth during the year.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Clear Capital

MARCH 2, 2023

March 2, 2023 – Clear Capital , a national real estate valuation technology company, today announced the launch of Universal Data Collection (UDC) , the latest in the Company’s suite of products designed to support appraisal modernization. Clear Capital is a leading provider of hybrid appraisals for mortgage origination.

Modernization 69

Modernization Appraisal Valuation Real Estate 69

Lamacchia Realty

JULY 7, 2023

Most recently, Kevin was ranked on the 2023 Real Trends America’s Best Real Estate Professionals list. Just in June, Michael qualified for the 2023 Lamacchia Realty President’s Club for the first time and was ranked on the 2023 RealTrends America’s Best Real Estate Professionals list.

Realtors 74

Realtors Realty Real Estate Clients 74

Lamacchia Realty

JULY 14, 2021

Her reason for becoming a real estate agent is to continue her desire to work with people and have clients be as happy with their lifestyle as she is providing it to them. He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties.

Realty 71

Realty Agents Real Estate Realtors 71

Lamacchia Realty

JUNE 3, 2021

Angela Harkins has been a REALTOR® since 2001 and built her own team back in 2008. He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. In 2018 and 2019 , she was awarded Most Sales and Most Sales Volume for our Woburn Office.

Realty 65

Realty Agents Real Estate Human Resources 65

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 52

Appraisal Contracts Architecture Housing Market 52

Will Springer Realtor

DECEMBER 12, 2023

Scott Real Estate. I wrote in this newsletter 12 months ago about the bumpy – maybe even bruising – housing market of 2022 across Puget Sound and most of the country. = I wrote in this newsletter 12 months ago about the bumpy – maybe even bruising – housing market of 2022 across Puget Sound and most of the country.

Real Estate 36

Real Estate Buyers Housing Market Law 36

Appraisal Today

AUGUST 18, 2023

The media coverage focuses on real estate agents having difficulty showing homes, etc. percent, matching October 2022’s rate and the highest rate since 2001,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. In my small city, a local broker compiled a weekly list of sales and listings. I wrote this up yesterday.

Appraisal 75

Appraisal Contracts Inspection Real Estate 75

Appraisal Today

AUGUST 13, 2023

ChatGPT: Valuable Tool or a Replacement for Real Estate Appraisers? 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! How does your market compare with Ryan’s?

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Appraisal Today

JUNE 10, 2022

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. Excerpts: The owner of the house is Octavio Ocampo, a famous artist. Jun 7, 2022.

Appraisal 52

Appraisal Contracts Business Mortgage 52