Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Looking ahead Confronted with limited existing home inventory, many buyers have pivoted to newly constructed homes. NAR’s Pending Home Sales Index (PHSI) increased to 77.3 in December, up from 71.6 in November. year over year.

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Contracts Housing Market Construction Inventory 454

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 395

Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory continues to prevent housing demand from being fully realized.” Yun, however, is optimistic about the impact increased housing starts and homebuilder confidence will eventually have on housing inventory. “It

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Contracts Inventory Housing Market Realtors 311

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. It’s worth noting that there will be less inventory until the end of the year compared to the summer months, which happens nearly every year.”. Top markets for affordable renovated housing inventory.

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Inventory Renovations Contracts Buyers 421

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. Housing inventory issue with no booming demand. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5

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Inventory New Listings Law Housing Market 383

Appraisal Buzz

SEPTEMBER 29, 2021

An index of 100 is equal to the level of contract activity in 2001. Rising inventory and moderating price conditions are bringing buyers back to the market,” says Lawrence Yun, NAR’s chief economist. Year-over-year, signings dipped 8.3%. Affordability, however, remains challenging as home price gains are roughly three.

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Contracts Realtors Inventory Buyers 195

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Realtor.com Senior Economic Research Analyst Hannah Jones said that the early fall market benefits from “a build up in inventory left over from the summer as buyer demand fades, as well as below-peak prices.” Existing home sales also fell in August, down 15.3%

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Housing Market Contracts Government Buyers 424

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

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. Home prices not expected to fall Home prices are high due to competition among buyers for limited inventory in the market. That rate is up from 14.3% The median U.S. This price was 2.8%

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Buyers Mortgage New Listings Real Estate Agent 397

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. The NAR’s Pending Home Sales Index climbed to a reading of 76.8

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Construction Inventory Realtors Housing Market 340

Housing Wire

FEBRUARY 15, 2023

He then transitioned to PHH Home Loans in 2001 for an in-house lending stint, a role he stayed in for about nine years. Combined with declining rates and a lack of inventory in his market, Steinway said a seller’s market has returned. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000.

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Mortgage Loan Officers Lending Retail 334

Housing Wire

SEPTEMBER 29, 2022

An index of 100 is equal to the level of contract activity in 2001. According to Yun, limited inventory and almost non-existent distressed property sales have supported home prices, which he predicts will rise by 9.6% The Pending Home Sales Index has declined for nine out of the past 10 months. Presented by: Evocalize.

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Contracts Realtors Inventory Marketing 336

Housing Wire

NOVEMBER 29, 2021

An index of 100 is equal to the level of contract activity in 2001.” “This solid buying is a testament to demand still being relatively high, as it is occurring during a time when inventory is still markedly low.” When inventory rises and more supply is on the market, this means demand is fading. in October.

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Inventory Contracts Training Investors 529

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 330

DW Slater Company

JUNE 6, 2022

Like most things in real estate, the answer is “it depends” According to a 2001 study by James Larsen , a professor of finance at Wright University, “a cross-section of homes where homicides, suicides or hauntings were reported sold for 2.9 How much does a murder impact the value of a property? You can check it out here.

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Real Estate Appraisal Market Value Marketing 166

Housing Wire

APRIL 29, 2021

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. relates to a baseline of 100 that the NAR put together in 2001. “By An index based on 2001 figures shows historic shifts in population. What is this index?

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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

Housing Wire

SEPTEMBER 21, 2023

In an elevated rate environment, the lack of inventory continues to be the biggest challenge for many potential buyers, the Mortgage Bankers Association said. Mortgage rates have been on an upward trend this year with rates in August surging to 7.23% —the highest since 2001. Fed officials expect interest rates to be at 5.1%

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Real Estate Mortgage Buyers Inventory 376

Housing Wire

AUGUST 23, 2023

Rates at the 7% or 8% level could spur a reduction in home prices, but current inventory issues have limited this impact. “We would have to go back to 2001 to find mortgage rates above 7.0%. Inventory remains thin. Altos Research shows that single-family inventory rose to 496,541 on August 18 from 492,140 on August 11.

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Mortgage Loan Officers Inventory Housing Market 356

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 364

Housing Wire

JUNE 8, 2023

While elevated rates and other affordability challenges remain, inventory continues to be the biggest obstacle for prospective homebuyers.” The Bank of Canada increased rates by 25 bps to 4.75% on Wednesday, the highest level since 2001. Other indexes show mortgage rates even higher. ”

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Mortgage Investors Inventory Housing Market 379

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

JULY 21, 2022

If rates continue to go up that’s where you’ll see that 10% shift,” said Lizell, who has been investing since 2001 and noted that a correction is already taking place in non-real estate markets. “If That’s still strong demand by historical standards, a function in part of the low inventory of properties available at foreclosure auction.

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Housing Market Buyers Marketing Retail 389

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. Just over 8% of U.S.

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Appraisal Contracts Inspection Real Estate 74

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

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. In addition, according to the NAR 2021 Profile of Home Buyers and Sellers report , 87% of buyers who recently purchased homes did so through a real estate agent or broker, up from 69% in 2001.

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Real Estate Agent Real Estate Agents Brokerage 378

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.” Storage space abounds in the 1, 055 sq. garage as well.

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Appraisal Contracts Real Estate Agent Mortgage 74

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). The biggest challenge right now is the low inventory. We saw historically low home inventory buoyed by low-interest rates.

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Real Estate Marketing Real Estate Agent Realtors 36

Housing Wire

APRIL 13, 2022

in 2001 to 44.8% While home inventories remain low, the prospects for first-time buyers diminish. Action must be taken to provide adequate credit access to homebuyers and encourage the housing market to expand opportunities for American households. Black homeownership rates have declined from 48.4% Prices continue to rise.

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Insurance Construction Government Lending 369

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. percent, the highest level since July 2001, from 6.62 The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 7.16

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Insurance Appraisal Contracts Mortgage 78

Will Springer Realtor

DECEMBER 12, 2023

Inventory continues to shrink to levels not seen since the days of disco, shag carpets and pet rocks. Amid unusually low inventory and an anticipated growing buyer pool, the median price of a single-family home will climb beyond $1M in Seattle’s summer months. at this time in 2023 (quite optimistic!). List: $33.9M ($3291/sq.

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Real Estate Buyers Housing Market Law 36

Will Springer Realtor

AUGUST 9, 2021

million housing units since 2001. Months of inventory improved slightly from June but remain extremely low. Among single-family homes, county inventory increased to 0.6 months of inventory available compared with 0.3 months of condo inventory in King (up from 0.9 The nation has faced a shortfall of 5.5 months (0.6

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Construction Inventory Property Taxes Development 36