Eyes on Housing

JANUARY 20, 2022

Fueled by low mortgage interest rates and strong demand, annual existing home sales reached 15-year high in 2021, according to the National Association of Realtors (NAR). Total existing home. Read More ›

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Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., “In many areas of the country, that dynamic – low inventory and a modest rise in demand – led to an uptick in home prices.”

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Housing Wire

NOVEMBER 19, 2020

Existing home sales came in at a whopping 6,850,000 , beating estimates with the highest print since 2006. Cash buyers remain at a historically high level of 19%, the same as last year, while sales grew 26.6% Second, if the next existing home sales report misses expectations, you may be told that this is due to a lack of inventory.

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Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. . Plus, available housing inventory remains near historic lows.”

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Inventory New Listings Housing Market Sellers 527

Housing Wire

APRIL 23, 2021

A National Association of Realtors’ report from 2020’s end found the highest volume of home sales since 2006. But the NAR reported this week that home sales in March fell for the second month in a row as inventory plunged and home prices climbed to record levels.

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Inventory Housing Market Realtors Marketing 437

Housing Wire

NOVEMBER 30, 2020

According to Joel Kan, the Mortgage Bankers Associations assistant vice president of economic and industry forecasting, that robust year-over-year improvement in activity is a sign the market will continue to see sustained demand for housing through the end of 2020. Year over year, pending sales are showing promise in every region of the U.S,

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Housing Wire

SEPTEMBER 29, 2021

Increased inventory of homes for sale, near historic low mortgage rates and favorable demographics means more housing demand, ” Odeta Kushi, the First American deputy chief economist said in a statement. This is a strong purchase market and the uptick in inventory is bringing back some buyers who pulled back during peak frenzy.”.

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Housing Wire

MAY 19, 2022

However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. 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. Inventory is always seasonal. million and 1.93

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Housing Wire

DECEMBER 30, 2020

“The latest monthly decline is largely due to the shortage of inventory and fast-rising home prices,” said Lawrence Yun, NAR’s chief economist. from its former high in July 2006, and was up 8.4% Streamlining the refinance process in this low mortgage rate environment. The National Index is now up 24.5%

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Housing Wire

SEPTEMBER 28, 2020

The recent new home sales data is at levels last seen in 2006, with monthly supply data back down to the low levels when new home sales data was really good. Compare today’s housing market with that in 2018, when mortgage rates were heading toward 5% and monthly supply went above 6.5 We haven’t started a year yet at 1.5

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Housing Wire

APRIL 27, 2021

The 12% home price gain is the highest recorded increase since February of 2006. “This data remains consistent with the hypothesis that COVID-19 has encouraged potential buyer to move from urban apartments to suburban homes,” Lazzara said. in January. It’s the ninth straight month of increasing prices.

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Housing Wire

JUNE 15, 2022

Mohtashami focused on the latest inventory and the Federal Reserve’s rate hike announcement. How will the announcement impact mortgage rates? If they hint that this is on their minds, bond yields can retrace and head lower giving better pricing for mortgage rates. What do you expect to hear? What’s priced in?

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Housing Wire

JULY 29, 2022

The finding was equally confounding on the other side of the distribution where house price growth was weakest; though home values dropped by at least 10% in each of the 10 coldest markets, the number of homes added to the for-sale inventory increased in eight of them. increase to 6.7% When put in context, this history makes sense.

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Housing Market Sellers Marketing New Listings 406

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. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5

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Inventory New Listings Law Housing Market 383

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. In addition, homebuyers are continuing to enjoy low mortgage rates , boosting the demand for homes even higher.

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Housing Wire

MAY 25, 2021

In this webinar, MCT COO Phil Rasori and expert guest panelists will review how mortgage lenders can overcome common challenges selling their loans on the secondary market. to the highest level since 2006. ” Technology for navigating secondary market challenges. Presented by: MCT.

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Housing Wire

DECEMBER 28, 2021

But — in the same beat — Caporale added, “There is still a massive influx of buyers, and I am not seeing a significant drop in demand.” 2021 is projected to have the most home sales since the 2006 housing bubble, with the U.S. There’s buyer fatigue and real questions about affordability.” on pace for 6.29

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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% year-over-year gain in listing prices during the week of Nov.

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Empire Appraisal Group

MAY 13, 2021

housing market is on a hot streak with double-digit annual gains in home prices, bidding wars, and surging buyer demand. The median selling price for a home is up $35,000 compared to a year ago, which is the fastest-paced increase since 2006, Tirupattur said. But this isn’t 2006. ‘This Isn’t a Bubble’.

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Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. How can housing inventory be so low today when it skyrocketed back in 2009? I don’t believe housing inventory below 1.52 The housing market shifted in March of this year.

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Inventory Housing Market Construction Marketing 520

Housing Wire

APRIL 23, 2021

Low mortgage rates and incredible buyer demand won out over pressure from soaring lumber prices in March as single-family new home sales rose 20.7% This is the fastest sales pace since September 2006. This is the fastest sales pace since September 2006. As long as mortgage rates stay low the builders are going to be fine.”

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Buyers Housing Market Marketing Inventory 487

Cornerstone

APRIL 30, 2021

Here’s a quick recap of why selling can be a smart move this spring: Springtime normally shows an influx of buyer activity. The fact that housing inventory is at record lows has driven up prices – and potential profits — by 14.1 Spring is a favorable season for move-up buyers. Download the infographic here.

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Sellers Buyers Inventory Loan Officers 66

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy.

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Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month New Home Supply.

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Inventory Construction Government Housing Market 545

Empire Appraisal Group

SEPTEMBER 8, 2022

The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. Scary times: builders are slashing home prices and slowing construction as buyers pull back, survey shows” (MarketWatch). Housing Market Collapse? Nowhere in Sight.

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Housing Market Marketing Real Estate New Listings 78

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. To top it all off, we started 2022 at all-time lows, forcing bidding action everywhere until mortgage rates rose. to over 7% in a very short period of time.

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Sellers Inventory Housing Market New Listings 501

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.

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Housing Wire

MARCH 18, 2021

Home prices have skyrocketed in the past year, and data from Redfin backs up what buyers, sellers, and agents have known for months. Mortgage rates have also jumped to north of 3% ; at its current pace, the Mortgage Bankers Association is forecasting rates will reach nearly 3.5% The national average of home prices rose 14.4%

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Buyers Sellers Inventory New Listings 545

Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Then we had the biggest mortgage rate shock in recent history and yet even with that, we will have over 5 million total home sales this year. Housing inventory.

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Housing Market Marketing Inventory Sellers 546

Empire Appraisal Group

APRIL 22, 2021

While higher housing costs and mortgage rates will chip away at buyer demand, the sheer volume of current buyers makes the next buyers’ market appear far away. Between a wave of foreclosures, rising rents, and underbuilding of new homes, the housing market became much harder to crack into from 2006 to 2017.

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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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Housing Wire

MAY 21, 2021

Steep competition stirred in part by low mortgage rates, demographic factors and an improving economy is pushing home prices up at the strongest pace in decades, with sales happening at lightning speed and often for well above list price, noted Zillow Economist Matthew Speakman. NAR also noted the role of inventory in existing home sales.

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Housing Wire

MARCH 23, 2022

Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. Inventory is at a record low and homes are selling within a week of being listed – more than two weeks faster than they did in February 2020.”. This is an increase of 3.3% after a 10.4% drop in January. . after a 10.4%

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Housing Wire

JULY 25, 2022

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

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Housing Wire

MAY 7, 2021

With intense demand for homes on the higher end of the pricing spectrum, new updates to the QM rule that went into effect on March 1 and growing investor interest in jumbo mortgages – this is the perfect time for the broker community to support their clients with speed and ease. thus, increasing inventory and driving overall prices down.

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Construction Inventory Government Development 462

Appraisal Today

AUGUST 5, 2022

My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, unusual homes, mortgage origination stats, etc.

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Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. Breaking Down the Multi-Decade Lows in Mortgage Applications – Lowest in 22 years.

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