Housing Wire

JUNE 28, 2022

Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. The housing market can’t replicate the type of massive credit expansion we saw from 2002-2005, so the price-growth story has more to do with inventory collapsing to all-time lows. This is because the biggest buyers of homes are mortgage buyers.

Housing Market 449

Housing Market Marketing Inventory Investors 449

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. Housing inventory issue with no booming demand. However, we haven’t had a credit sales boom like the one we saw from 2002-2005. million listings.

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Inventory New Listings Law Housing Market 382

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. Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. Traditionally, inventory levels have been between 2 million to 2.5

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New Listings Inventory Housing Market Sellers 482

Housing Wire

DECEMBER 21, 2022

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.” ” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well.

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Inventory New Listings Housing Market Sellers 519

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.” However, a significant majority of buyers (80%) financed their home purchase in 2023, up from 78% in 2022 but still down from 87% two years ago, according to the survey.

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Real Estate Agent Real Estate Agents Sellers 375

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. What I mean by a credit bust is that after the housing bubble burst in 2005 into 2006, we saw a massive increase in supply. Total inventory levels. NAR: Total Inventory levels 1.22

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Housing Market Mortgage Marketing Inventory 543

Housing Wire

MARCH 18, 2022

Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month NAR Research : Unsold inventory sits at a 1.7-month However, negative year-over-year inventory is not what we want to see.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

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.

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Housing Market Marketing Inventory Mortgage 535

Housing Wire

FEBRUARY 15, 2024

years in 2005, according to a Redfin analysis of median U.S. Homeowner tenure is projected to remain flat, but a larger share of homeowners remaining in place is also contributing to an inventory shortage, according to the report. years last year, up from 6.5 homeowner tenure by year using county records.

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Property Taxes Insurance Construction Inventory 455

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. The monthly supply of new homes was mostly higher every month in the previous expansion (2008-2019) than any period from 1996-2005. At that time, the new home sales sector got so bad that I put it in the penalty box.

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Inventory Buyers Mortgage Housing Market 517

Housing Wire

SEPTEMBER 8, 2022

This can lead to home prices getting out of control , especially when total inventory gets to all-time lows. The National Association of Realtors’ total Inventory data shows that historically we have between 2 to 2.5 million homes for sale, but in 2022 we got as low as 870,000 in total inventory.

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Inventory Law Housing Market Design 543

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. “Buyers are still lining up a feverish pace,” Yun said. ” Contract signings on new homes increased 13.1%

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Supply Chain Inventory Buyers Realtors 414

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 482

Housing Market Marketing Inventory Mortgage 482

Housing Wire

MAY 19, 2022

This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. We were told that population growth is slowing, we were told that Americans would panic sell and that massive inventory would hit the marketplace once rates got to 4%. Wait, what? I use the 1.52-1.93

Housing Market 520

Housing Market Marketing Inventory Realtors 520

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.”. Even Lawrence Yun, NAR’s chief economist, said this came as surprise given the number of would-be buyers getting priced out in numerous markets.

Mortgage 493

Mortgage Housing Market Realtors Inventory 493

Housing Wire

JUNE 8, 2022

2012: What they said: Shadow inventory will cause prices to fall. The reality: Inventory broke down in 2012, and the monthly supply data got below 6.0 The “shadow inventory” was not an issue as it took years to get rid of the distressed supply from the housing bubble years. million of inventory is normal.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

APRIL 1, 2021

“This is confirmation that while purchase demand remains strong, the marginal buyer is feeling the affordability squeeze resulting from the increases in mortgage rates and home prices we’ve experienced in recent months.”. The housing market is in desperate need of more inventory to cool price growth and preserve affordability.

Mortgage 414

Mortgage Inventory Housing Market Marketing 414

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.

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Buyers Housing Market Mortgage Marketing 527

Housing Wire

DECEMBER 23, 2020

Construction continued to play catch-up also as Novembers new-home inventory rose nearly 14% to a 4.1-month 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.” The West came in second at a 17.3%

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Construction Inventory Buyers Marketing 319

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% in 2022. .

Marketing 433

Marketing Buyers Realtors Real Estate 433

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 335

Housing Market Marketing Supply Chain Inventory 335

Housing Wire

NOVEMBER 16, 2020

The city’s housing dynamics point to strong buyer demand, which fueled a 16.8% While about 50% of the metro area’s buyers are local, an additional 17% of buyers come from other Texas cities, like Dallas and Houston. Even the crazy market we had in 2005 and 2006, it was nothing like this. 7,” Raitu said.

Housing Market 413

Housing Market Real Estate Agent Marketing Real Estate 413

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.

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Inventory Housing Market Construction Marketing 541

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 509

Inventory Housing Market Construction Marketing 509

Housing Wire

MAY 17, 2023

Although the number of flips last year was the highest since at least 2005, ATTOM reports that “profit margins on the typical flip in 2022, which took an average of 5 ½ months to complete, slumped to just 26.9%.” People are calling it the Great Renovation.

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Finance Marketing Renovations Investors 362

Housing Wire

APRIL 20, 2023

months’ worth of housing inventory in the U.S. NAR: First-time buyers were responsible for 28% of sales in March; Individual investors purchased 17% of homes; All-cash sales accounted for 27% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 29 days. We only have 2.6

Inventory 524

Inventory Housing Market Marketing New Listings 524

Housing Wire

APRIL 5, 2021

Prices are up sharply as housing inventory continues to plateau , leaving 40% fewer homes on the market compared to last year, according to a report prepared by Black Knight. Year-over-year, new listing volumes were down 16% in January and 21% in February — amounting to a 125,000 deficit in inventory compared to the same time in 2020.

Inventory 493

Inventory Buyers New Listings Mortgage 493

Housing Wire

DECEMBER 29, 2022

The housing market of 2002-2005 had four years of sales growth facilitated by credit. As we can see below, the purchase application data had four years of growth, peaking in 2005 and then collapsing. However, what isn’t identical is that we have not had a massive sales boom like we saw from 2002-2005. Housing inventory.

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Housing Market Marketing Inventory Sellers 545

Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Inventory didn’t increase at the rate most assumed it would.

Bracketing 64

Bracketing Marketing Sellers Buyers 64

Empire Appraisal Group

JUNE 2, 2022

The current market, where higher prices and other factors are not resulting in a slowdown, is moving away from market fundamentals, they found, suggesting that buyer exuberance, in the form of fear of missing out, is driving the current trend. From there, they marked what time periods had significant levels of buyer exuberance.

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Real Estate Marketing Housing Market Investors 78

Housing Wire

JUNE 15, 2022

In a tight housing market with a shortage of inventory and soaring rates, many homebuyers are opting for ARMs, which carry lower rates for an initial period of fixed interest and amortize over a 30-year term. . in 2005, the MBA said. Stricter regulations, new guidelines.

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Mortgage Bracketing Loan Officers Investors 363

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.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Cornerstone

SEPTEMBER 3, 2021

A housing inventory shortage. Thankfully, housing inventory levels have slowly begun to rise. For buyers desperately in need of more listings, this is exciting news. And yet, though small inventory gains have been made, total housing inventory is still tight in most parts of the U.S. Climbing home prices.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

Housing Wire

AUGUST 3, 2021

Home prices continue to increase as national inventory levels remain low heading into August. But relief for buyers could be coming in the next 12 months. gain by this time next year, as ongoing affordability challenges deter potential buyers — as well as an uptick in new for sale listings. Home prices increased 2.3%

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Buyers Inventory Realtors Contracts 498

McKissock

SEPTEMBER 7, 2021

Some early warning signs of housing market correction are: A) Listing inventory in MLS starts to climb steadily. Increasing inventory is generally a sign that buyers have stopped buying (due to prices being too high or a lack of consumer confidence), or there are just fewer ready, willing, and able buyers in the marketplace.

Marketing 71

Marketing Real Estate Appraisal Inventory 71

Robinson Appraisal Group

MARCH 22, 2018

Going into the spring market many parts of the United States are seeing the lack of inventory on the market waiting to see if the inventory will increase while we approach spring and summer, the busiest season of real estate. Another hurdle is that builders do not tend to build homes for the entry level buyer.

Advertising 78

Advertising Landlords Real Estate Inventory 78

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

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Mortgage Inventory Housing Market Construction 463