Housing Wire
NOVEMBER 9, 2022
This time around, we have not seen the kind of housing credit boom that we did from 2002-2005. NAR total inventory data 1,250,000 One thing about purchase application data and demand is that a traditional seller is typically a buyer of a home. New listing data is down 5% year to date, as you can imagine.
Housing Wire
JANUARY 20, 2023
From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. During that period, we saw new listing data decline. So the fact that we are back to an average of 26 days on market makes me happier.
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Housing Wire
AUGUST 30, 2022
However, we haven’t had a credit sales boom like the one we saw from 2002-2005. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5 million listings. I don’t need to see total active listing get back to the historical range of 2-2.5 From Redfin.
Housing Wire
SEPTEMBER 22, 2022
Existing home sales have more legs to go lower, especially now that new listing data is falling. 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.
Housing Wire
DECEMBER 7, 2022
As you can see from the chart above, the last several years have not had the FOMO (fear of missing out) housing credit boom we saw from 2002-2005. million, the equilibrium balance between a buyer and seller marketplace that has been here for four decades. Accordingly, we also haven’t had a credit bust in the data line.
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. Millennials who are looking for a home research everything.
Housing Wire
OCTOBER 11, 2022
million active listings, but at just 1.28 This doesn’t mean homebuyers don’t have something of an edge now: As inventory has increased and buying power has faded, the buyers who are available are dealing with a lot less competition as the bidding wars are ending. million today. Currently, we are at 3.2
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