Housing Wire

NOVEMBER 9, 2022

However, the housing market did run into one problem in 2020. Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. I knew housing would be OK as long as home prices only grew at 23% over five years — 4.6% This means less demand for housing.

New Listings 506

New Listings Inventory Housing Market Sellers 506

Housing Wire

SEPTEMBER 22, 2022

The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%.

Inventory 482

Inventory Housing Market New Listings Mortgage 482

Appraisal Buzz

MAY 17, 2021

Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. Prices were escalating quickly, and buyers were purchasing in a frenzy for fear of being left behind and not being able to get their foot on the property ladder. This is no different than ignoring declining trends.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

OCTOBER 27, 2022

“The 30-year fixed-rate mortgage broke 7% for the first time since April 2002, leading to greater stagnation in the housing market,” Sam Khater, Freddie Mac’s chief economist, said in a statement. This translates to a whopping $1,000 increase in the typical home payment in just the last year,” Jones said in a statement. .

Mortgage 393

Mortgage Loan Officers Clients Housing Market 393

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above.

Housing Market 545

Housing Market Marketing Inventory Sellers 545

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. However, we haven’t had a credit sales boom like the one we saw from 2002-2005. Case in point, purchase application data is already below 2008 levels today.

Inventory 397

Inventory New Listings Law Housing Market 397

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.

Sellers 514

Sellers Inventory Housing Market New Listings 514

Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. Have higher rates worked? Some data to consider: 1.

Housing Market 511

Housing Market Marketing Mortgage Inventory 511

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. economy, especially the mortgage and housing sector.

Housing Market 523

Housing Market Marketing Supply Chain Mortgage 523

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. This sector on an apples-to-apples basis is more expensive than the existing home sales market. percent (±11.9

Mortgage 498

Mortgage Inventory Housing Market Construction 498

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time.

Inventory 524

Inventory Housing Market Construction Marketing 524

Housing Wire

DECEMBER 23, 2022

The truth here that nobody wants to talk about is that we didn’t have a massive sales credit boom in housing from 2020-2021 like we saw from 2002-2005. That would reverse the problem the housing market has had selling homes with mortgage rates above 7%.

Construction 366

Construction Housing Market Mortgage Sellers 366

Housing Wire

DECEMBER 22, 2021

Then everyone went crazy on investors and iBuyers , suggesting that these people were holding up the entire housing market. I understand that grifters have to keep the grift going, but not even the Joker would say that the housing market lives off investors and not mortgage buyers.

Inventory 508

Inventory Housing Market Investors Marketing 508

Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. Over the years, I have tried to emphasize that the housing market in the U.S. can’t have a credit sales boom like we saw from 2002-2005. This is 12.6

Construction 370

Construction Housing Market Sellers Marketing 370

Housing Wire

APRIL 27, 2022

Housing data should cool off, and we are getting into the period where some forward-looking data reflects that. The new home sales market doesn’t have a 28% cash-buyer profile as we saw in the last existing home sales report. From Census: The median sales price of new houses sold in March 2022 was $436,700.

Construction 362

Construction Buyers Housing Market Inventory 362

Appraisal Today

NOVEMBER 4, 2022

Keep them up to date in every step of the report so that they can keep the Lender (and the Buyer/Seller/Realtor/Closing Attorneys when applicable) all in the loop on the progress of the report. Buyer-Borrower Remorse. Essentially, the cases are situations of “buyer-borrower remorse.” Have a very responsive credo.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

Will Springer Realtor

DECEMBER 8, 2021

Who said this is a sellers’ market? Perhaps it’s truly a builders’ market. GREATER BUYING POWER Buyers who are struggling to purchase a home in this frenzied housing market will receive a bit of a lifeline in 2022. from a year ago and at a level not seen since 2011. year-on-year (YoY), according to U.S.

Sellers 36

Sellers Marketing Supply Chain Construction 36

Will Springer Realtor

NOVEMBER 9, 2022

The housing market in and around King County was moving along swimmingly at the start of 2022, with homes selling briskly and buyers taking advantage of interest rates in the 3s. and jump in mortgage rates of 4 percentage points has created a housing market belly flop. They’re also down 19% in Seattle and 4.0%

New Listings 36

New Listings Housing Market Inventory Buyers 36