Housing Wire

SEPTEMBER 22, 2022

A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. Total Inventory data fell in this report from 1.31 I am a big fan of inventory to 2019 levels. million to 1.28

Inventory 450

Inventory Housing Market New Listings Mortgage 450

Housing Wire

MAY 18, 2023

We don’t have a massive credit boom as purchase application data is at historical lows; we haven’t had the same run-up in credit as we saw from 2002-2005. If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022. NAR Total Inventory Data going back to 1982. housing credit channels have changed.

Housing Market 538

Housing Market Marketing Inventory Mortgage 538

Housing Wire

NOVEMBER 9, 2022

Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. This time around, we have not seen the kind of housing credit boom that we did from 2002-2005. Traditionally, inventory levels have been between 2 million to 2.5 nominal per year at most.

New Listings 488

New Listings Inventory Housing Market Sellers 488

Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. Housing demand has been stable for the past few years; we have never had a credit boom in demand since 2002-2005. Unsold inventory sits at a 2.0-month

Housing Market 483

Housing Market Marketing Inventory Mortgage 483

Housing Wire

MAY 9, 2022

housing market is more tied to mortgage buyers. Unlike those two cities in Canada, we aren’t as reliant on foreign buyers to such a great extent. foreign buyers have always been less than 300,000 of total home sales for many years. from 2002-to 2005, which led to forced credit selling. In addition, the U.S.

Buyers 527

Buyers Housing Market Mortgage Marketing 527

Housing Wire

MARCH 28, 2022

The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Inventory has been falling for years. Logan Mohtashami: People know that I haven’t been a big fan of this housing market since inventory levels broke under 1.52 months on a 3-month average.

Housing Market 370

Housing Market Marketing Supply Chain Inventory 370

Housing Wire

MARCH 23, 2023

If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 All this is happening while housing permits have fallen noticeably from the recent peak.

Inventory 545

Inventory Housing Market Construction Marketing 545

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. How can housing inventory be so low today when it skyrocketed back in 2009? I don’t believe housing inventory below 1.52 What is going on here? housing market.

Inventory 519

Inventory Housing Market Construction Marketing 519

Housing Wire

DECEMBER 29, 2022

The housing market of 2002-2005 had four years of sales growth facilitated by credit. However, what isn’t identical is that we have not had a massive sales boom like we saw from 2002-2005. This is significantly different than the period from 2002-2005 when credit expansion was booming. Housing inventory. Home sales.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

MARCH 23, 2022

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. It’s also driven more by mortgage buyers who tend to be older and make more money than the new-home buyers. First, total home sales should be 6.2

Mortgage 483

Mortgage Inventory Housing Market Construction 483

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. The velocity of inventory rising in the next three months is limited. April 2022: Inventory has not recovered. Can this last?

Housing Market 393

Housing Market Marketing Inventory Lending 393

Housing Wire

OCTOBER 11, 2022

Inventory, which has been falling for years, broke to all-time lows in 2020. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. Of course, this has brought back some inventory, as demand weakness always creates inventory through accumulation. million active listings, but at just 1.28

Sellers 498

Sellers Inventory Housing Market New Listings 498

Housing Wire

APRIL 15, 2022

The home-price growth from 2020 through 2022 has been so unhealthy that I’ve labeled this a savagely unhealthy housing market as inventory has once again collapsed on a year-over-year basis in 2022. Inventory is still showing negative year-over-year data. 2014 was the very last year total housing inventory grew in America.

Housing Market 493

Housing Market Marketing Mortgage Inventory 493

McKissock

MARCH 1, 2021

In 2002, when Dara Alperen Cipollone purchased her first home in East Boston, her real estate agent suggested she would be a great fit for residential sales. A: The obstacles Millennial real estate buyers face for owning a home in the Boston market come down to low inventory.

Real Estate 90

Real Estate Clients Real Estate Agent Renovations 90

Housing Wire

DECEMBER 22, 2021

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. As you can see below, we don’t have a booming credit housing market as we saw from 2002-2005; we have steady replacement buyer demand.

Inventory 502

Inventory Housing Market Investors Marketing 502

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. You could have specific buyers that need to sell their current home in order to buy a new home and don’t want to bother with it now since rates are so much higher.

Construction 370

Construction Housing Market Mortgage Sellers 370

Housing Wire

MARCH 17, 2022

We had more housing starts during the bubble years because from 2002 to 2005 that demand curve was higher, but it was facilitated by unhealthy credit growth. So the meager inventory in the existing home sales market has benefited the builders because it makes their products more valuable. Housing completions. From Census: Privately?owned

Construction 457

Construction Housing Market Inventory Buyers 457

Housing Wire

APRIL 27, 2022

The loan profile of buyers during the post-2010 expansion is excellent, so when the next job loss recession happens, we won’t lose as many homeowners (compared to what occurred after the Great Recession). The market of 2002-2005 not only had an explosion in debt growth, but the debt structures themselves were also very exotic.

Inventory 370

Inventory Housing Market Legal Mortgage 370

Housing Wire

APRIL 27, 2022

The new home sales market doesn’t have a 28% cash-buyer profile as we saw in the last existing home sales report. So, while cash buyers as a percent of sales have been growing, this sector is driven by mortgage buyers primarily. Builders have to find buyers for canceled homes, then think about their demand.

Construction 370

Construction Buyers Housing Market Inventory 370

Housing Wire

AUGUST 16, 2022

Of course, housing starts today aren’t collapsing in the way they did from the peak of 2005 because we haven’t had a sales credit boom in recent years as we did from 2002-2005, which inflated new home sales toward 1.4 The credit cycle looks much different now than the build-up from 2002-2005.

Mortgage 529

Mortgage Construction Inventory Buyers 529

Housing Wire

DECEMBER 20, 2022

Traditionally, housing starts, permits, and completions would move together, like what we saw in 2002-2005. The housing recession story is separate from the housing completion story and inventory backlog. From 2002-2005 it was a steady rise to the top of the housing bubble, and then it burst.

Housing Market 414

Housing Market Marketing Construction Supply Chain 414

Housing Wire

DECEMBER 20, 2021

Also, the market we have today doesn’t look like the credit boom we saw from 2002-2005. Housing inventory has been falling since 2014 and mortgage purchase applications have been rising since then. When demand is stable, it’s extremely rare for inventory to skyrocket and American homeowners have never looked better on paper.

Housing Market 543

Housing Market Inventory Mortgage Marketing 543

Lamacchia Realty

JANUARY 25, 2024

This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Average prices for closed sales increased by 7.2% Sales Decline by 18.9%

Inventory 53

Inventory Sellers Buyers Contracts 53

Housing Wire

AUGUST 23, 2022

can’t have a credit sales boom like we saw from 2002-2005. The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4 This is 12.6 percent (±16.9 percent)* below the revised June rate of 585,000 and 29.6 percent (±10.9 months and above.

Construction 370

Construction Housing Market Sellers Marketing 370

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. Historically low interest rates brought buyers and investors out of the woodwork for any homes for sale. They’re also down 19% in Seattle and 4.0%

New Listings 36

New Listings Housing Market Inventory Buyers 36

Appraisal Today

MAY 12, 2023

In 2000 and 2002, Architectural Digest named him one of the top 100 architects in the United States. Most buyers were tech people from the Bay Area. Lower rates from week to week have helped buyers in the market, but limited for-sale inventory remains a challenge for many homebuyers.

Appraisal 52

Appraisal Architecture Business Contracts 52

Housing Wire

JANUARY 20, 2022

I have never been a housing sales boom person because I don’t believe we can have a credit boom in America like we saw from 2002 to 2005. As we are getting closer and closer to the spring selling season, we are at fresh new all-time lows in inventory and mortgage rates, and the unemployment rate is below 4% still.

Inventory 464

Inventory Housing Market Marketing Mortgage 464

Appraisal Today

OCTOBER 21, 2022

Inventory levels. But what will happen in the future when buyers say they paid too much or lenders say the appraisal was too high or not USPAP compliant for appraisals you did in the past? My comments: Fun to look at but does it appeal to many buyers? So, what metrics are worth watching? Absorption rates and marketing times.

Appraisal 52

Appraisal Marketing Contracts Insurance 52

Will Springer Realtor

OCTOBER 11, 2022

We are now seeing “7s” in front of some rates to new mortgage consumers – a figure not seen since April 2002 – causing applications for new loans to hit a 25-year low this month. ( At least buyers will have more options and time to weigh their decision to purchase a home – but at what cost to the bottom line? Dining out. Theme parks.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

DECEMBER 8, 2021

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. For example, a mortgage-approved buyer will be able to purchase a $938,000 single-family home (or possibly townhome or condo) with 5% down and keep within the new threshold.

Sellers 36

Sellers Marketing Supply Chain Construction 36