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 market; the 10-year is above 1.94%, something that didn’t happen in 2020 or 2021. million and 6.16 million in March.

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Housing Wire

MAY 25, 2021

The March gain is also the largest since December 2005 and is one of the largest in the index’s 30-year history, said Craig Lazzara, managing director and global head of index investment strategy at S&P DJI. This demand may represent buyers who accelerated purchases that would have happened anyway over the next several years.

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Housing Wire

MAY 7, 2023

This proves that the mass supply growth we saw from 2005-2007 was due to credit stress, not because the economy was in a recession; the U.S. Even though the labor market is currently showing signs of getting softer , there is no job-loss recession yet. Mortgage rates in a regular market should be 5.25% today but are at 6.5%.

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Housing Wire

MARCH 28, 2022

Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market. Housing construction will be impacted if the monthly supply for new homes breaks above 6.5 To downgrade it to a savagely unhealthy housing market caught some people by surprise.

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Housing Wire

NOVEMBER 16, 2020

According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. The city’s housing dynamics point to strong buyer demand, which fueled a 16.8% Combined with interest rates that began around 2.5%

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Housing Wire

MAY 8, 2024

You can see the drastic change this made in the Mortgage Bankers Association Credit Availability index , below, which skyrocketed in 2005 and 2006 before an epic collapse in 2008. Since most sellers are buyers, inventory should be stable if demand is stable. Demographics also play a role here.

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Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

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Empire Appraisal Group

MARCH 14, 2024

Redfin: Boomers aging in place is ‘the driving force’ behind median homeowner tenure doubling since 2005 Source: [link] Over the past two decades, the median homeowner tenure has jumped from 6.5 In 2005, the median U.S. After climbing every year between 2005 and 2020, U.S. years to 11.9 homeowner tenure was 6.5

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Housing Wire

NOVEMBER 13, 2023

“In a still-competitive housing market, more well-off home buyers were able to have their bids accepted by offering larger down payments and even by paying cash.” Despite affordability hurdles, first-time homebuyers “tiptoed back into the market with less competition and fewer multiple-offer scenarios,” Lautz said.

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Housing Wire

NOVEMBER 9, 2022

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Understanding this data line and what it is trying to tell you will be more valuable than erroneously thinking the market is crashing and we’ll see a wave of foreclosures.

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Housing Wire

JULY 29, 2021

Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. May’s 8% increase was the highest jump for that month since 2005, according to NAR. The overall pending home sales index fell 1.9%

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Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Plus, available housing inventory remains near historic lows.” Confused by this?

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Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. 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. The days on market were too low.

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Housing Wire

MAY 9, 2022

housing market follow Canada? In short, the answer is no, we won’t have the type of home-price velocity that Canada has experienced because our housing market is more diverse than theirs. housing market is more tied to mortgage buyers. Home prices cooled down, and the days on the market grew.

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Housing Wire

AUGUST 21, 2020

Let’s just say this is the final nail in the coffin for the housing bear troll camps that were so sure that this time, housing would finally crash. COVID didn’t get the housing market, but it did pull a fast one on those pesky bears. We saw hints of a flourishing housing market prior to the COVID crisis.

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Housing Wire

JUNE 5, 2023

Patrick Stoy , president of MC Mortgage Group, established the brokerage in 2005 and brings with him 24 years of experience in the housing industry. Despite a slower housing market, the platform achieved record-breaking months for funded loans in February, March, and April, according to the company.

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Housing Wire

FEBRUARY 15, 2024

years in 2005, according to a Redfin analysis of median U.S. housing market for multiple reasons, Redfin said. Long homeowner tenure, particularly among baby boomers, is an obstacle for young first-time buyers trying to break into the market,” the report read. “A years last year, up from 6.5

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Housing Wire

JULY 1, 2021

Although low and stable mortgage rates have kept the housing market booming over recent months, a deterioration in affordability and for-sale inventory has led to a market slowdown.”. For some economists, rising rates are the better option for counterbalancing the market.

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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. This is the most frustrating aspect of housing and the inventory situation.

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Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Annual house price growth hit a record high in 2021, over 17%, and growth remains in the double digits thus far in 2022.

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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.

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Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. housing market.” Arvind Mohan is CEO of Kiavi , a fix and flip lender that has originated some $12.3

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Housing Wire

SEPTEMBER 28, 2020

No, this is not a new home sales housing bubble as we are far from total new home sales being where they were in 2005. However, for the first time in more than a decade we have the demand needed to prompt builders to really push housing starts as the monthly supply data has collapsed this year. It is legit.

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Housing Wire

APRIL 1, 2021

mortgage rate remained essentially unchanged last week, rising by just one basis point to 3.18%, according to Freddie Mac’s Primary Mortgage Market Survey. A broader recovery of the economy has almost returned rates back to market “normalcy” as the standard 30-year FRM averaged 3.33% this same time last year.

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Mortgage Inventory Housing Market Marketing 417

Housing Wire

MAY 26, 2022

As 2022 proves to be a challenging year for the housing market, lenders are looking to take advantage of potential downtime by improving their internal processes. Leading up to the housing crisis, many subprime lenders provided borrowers with interest-only ARMs, which initially offered low rates.

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Housing Wire

SEPTEMBER 8, 2022

Since many people think of housing as a wealth creator — and we want more Americans to have more wealth — then the government needs to make sure demand stays high enough for that wealth product to grow. So when you add move-up buyers, move-down buyers, first-time homebuyers, cash buyers and investors together, this can get out of hand.

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Housing Wire

NOVEMBER 13, 2023

The writer in the Economist says, “…either the fat fee [real estate commission] inflates the house price, or the buyer ends up paying a similar fee when he or she sells.” This is from the Editorial Board of The Wall Street Journal, “Ninety percent of transactions offer buyer agent commissions of exactly 3%.”

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Housing Wire

OCTOBER 20, 2023

No buyer must use a real estate agent — ever. A meaningful percentage of buyers did not hire a real estate agent when they bought their last home. RealTrends + Harris Insights ‘ studies from 2002, 2005, 2006, 2011, 2014, and 2019 all show that consumers know that commissions are negotiable. It’s not a pretty sight.

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Real Estate Agent Real Estate Brokerage Agents 427

Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . A short history of the housing crash narrative.

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Inventory Housing Market Marketing Mortgage 545

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.

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Housing Wire

JUNE 22, 2023

The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Nothing good happens in the housing market when the days on market are at a teenager level or lower. million in May.

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Housing Market Marketing Inventory Law 521

Appraisal Buzz

MAY 17, 2021

Many of the complaints and allegations about appraisals related to not addressing the changes happening in the market as the meltdown began to occur, calling the market stable when prices were starting to decline. Between 2002-2005 in many markets, the real estate market was scorching, much like it is today.

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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.

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Housing Market Marketing Mortgage Inventory 497

Cornerstone

SEPTEMBER 3, 2021

Now that we’ve reached the second half of 2021, it’s apparent: Today’s housing market is breaking records. Here’s a closer look at which four factors are creating this never-before-seen market. The 4 reasons that today’s housing market is unlike any other. Bidding wars and high buyer competition.

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Housing Wire

DECEMBER 23, 2020

month supply – inching ever closer to the six-month supply sweet spot that suggests a balanced market. a record low in the series dating back to 1963, while the share of homes sold-but-not-yet-started was at a level only seen during the housing bubble in 2005.”

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Empire Appraisal Group

JUNE 2, 2022

Is FOMO Fueling the Real Estate Market? Source: Is FOMO Fueling the Real Estate Market? Housing markets continue to run hot, despite rising interest rates and home prices. Market fundamentals and the housing market. From there, they marked what time periods had significant levels of buyer exuberance.

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Housing Wire

APRIL 8, 2022

In time, markets always find balance and balance is a good thing. But, that doesn’t mean housing is going to crash. I set a specific home-price growth model for the years 2020-2024 that said if home prices only grew at 23% during this five-year period, the housing market would still be OK, given wage growth.

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