Housing Wire

JUNE 29, 2023

After holding steady month over month in April , pending home sales were back down again in May, dropping 2.7%, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. annual drop recorded in April.

Contracts 370

Contracts Inventory Housing Market Realtors 370

Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). 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.

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Inventory Realtors Contracts Construction 427

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000.

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Mortgage Loan Officers Lending Retail 370

Housing Wire

SEPTEMBER 28, 2023

in August, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said.

Housing Market 475

Housing Market Contracts Government Buyers 475

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. The trade association forecasts the 30-year fixed mortgage rate to close at 6.4%

Construction 370

Construction Inventory Realtors Housing Market 370

Housing Wire

JULY 29, 2021

in June, according to the National Association of Realtors , which tracks the metric. (An 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 Mortgage applications increased 5.7%

Marketing 437

Marketing Buyers Realtors Real Estate 437

Housing Wire

SEPTEMBER 29, 2022

according to data released Wednesday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. If mortgage rates moderate and the economy continues adding jobs, then home buying should also stabilize.”. How to make digital marketing easy and effective for mortgage professionals.

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Contracts Realtors Inventory Marketing 395

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.

Inventory 417

Inventory Renovations Contracts Buyers 417

Housing Wire

NOVEMBER 29, 2021

Who is crazy enough to write an American economic recovery model on April 7, 2020, and try to explain to people why housing isn’t going to crash due to demographics, good credit profiles and low mortgage rates? An index of 100 is equal to the level of contract activity in 2001.” The title I do believe is fitting: Bear Crusher.

Inventory 529

Inventory Contracts Training Investors 529

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. The MBA expects mortgage rates should begin to reflect that the Fed’s moves in 2024 will be cuts – not further increases. in 2024 and 5.1% in 2024, up from the 4.6%

Real Estate 417

Real Estate Mortgage Buyers Inventory 417

Housing Wire

APRIL 29, 2021

The National Association of Realtors released encouraging news Thursday about the future of the housing market. 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. Mortgage forbearance is a touchier subject.

Contracts 417

Contracts Inventory Construction Realtors 417

Appraisal Today

AUGUST 18, 2023

As you may have heard, a cyberattack has shut down Rapattoni, a property data provider, leaving realtors and appraisers in 12 states without access to MLS data. That’s because scarce inventory is driving up prices, pushing many homes on the cusp over the seven-figure mark. August 16, 2023) — Mortgage applications decreased 0.8

Appraisal 75

Appraisal Contracts Inspection Real Estate 75

Housing Wire

JULY 21, 2022

This shift in foreclosure auction buyer behavior was likely the result of rising mortgage rates, which increased above the 4% threshold in March and have since risen well above 5%, approaching 6%. 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 407

Housing Wire

APRIL 20, 2022

As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. Real estate agents are busier than ever.

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Real Estate Agent Real Estate Agents Brokerage 417

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%

Inventory 54

Inventory Sellers Buyers Contracts 54

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). This is more concerning now that 71% of Houston Realtors have sold less than 5 homes in their entire career. I May Need To Sell.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

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% The need for change in current mortgage underwriting guidelines.

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Insurance Construction Government Lending 383

Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

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HOA Transportation Construction Buyers 36

Will Springer Realtor

DECEMBER 12, 2023

It was a year of gyrating mortgage rates and stubbornly high home prices. Mortgage rates rose and rose again to more than 8% but have since mercifully fallen by nearly a percentage point. Inventory continues to shrink to levels not seen since the days of disco, shag carpets and pet rocks. for your yacht or seaplane (no joke!).

Real Estate 36

Real Estate Buyers Housing Market Law 36

Will Springer Realtor

AUGUST 9, 2021

million housing units since 2001. There is a strong desire for homeownership across this country, but the lack of supply is preventing too many Americans from achieving that dream,” said Lawrence Yun, chief economist for the National Association of Realtors® (NAR). The nation has faced a shortfall of 5.5 million to 6.8

Construction 36

Construction Inventory Property Taxes Development 36