Housing Wire
SEPTEMBER 29, 2021
Homebuyer contract signings in the U.S. This is a strong purchase market and the uptick in inventory is bringing back some buyers who pulled back during peak frenzy.”. The more moderately priced regions of the South and Midwest are experiencing stronger signing of contracts to buy, which is not surprising,” Yun said in a statement.
Housing Wire
DECEMBER 30, 2020
Year-over-year, contract signings increased by 16.4%. from its former high in July 2006, and was up 8.4% Although month-over-month contract activity fell in all four major regions, there were still gains in pending home sales transactions. pending home sales slid for the third consecutive month in November, dropping 2.6%
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Housing Wire
NOVEMBER 30, 2020
However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% The faster price growth is leading to affordability challenges for certain segments of buyers, and particularly for first-time homebuyers,” Kan said. pending home sales fell 1.1% compared to a year ago.
Housing Wire
SEPTEMBER 28, 2021
below its 2006 peak. Additionally, there are move-up buyers with larger budgets who are relocating to more affordable areas where they’re financially able to outbid local residents. Home prices in 19 of our 20 cities now stand at all-time highs, with the sole outlier (Chicago) only 0.3%
Housing Wire
JANUARY 20, 2023
The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. 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. Also, this is what the Federal Reserve wants.
Empire Appraisal Group
SEPTEMBER 8, 2022
Scary times: builders are slashing home prices and slowing construction as buyers pull back, survey shows” (MarketWatch). The housing market is entering the ‘most significant contraction in activity since 2006,’ says Freddie Mac economist” (Fortune). “Homebuilder confidence suffers near-record plunge” (Newsweek).
Housing Wire
APRIL 30, 2021
More than a quarter of single-family homes for sale during the first quarter were new-construction homes — nearly 26%, and March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin. A healthy housing market is considered roughly six months of supply. ” However, the U.S.
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