Housing Wire

SEPTEMBER 26, 2023

. “This is about the same rate of price growth that occurred during the 2002 through 2006 period when subprime lending drove exuberant housing demand. “But that is where the similarities end.

Inventory 453

Inventory Housing Market Lending Buyers 453

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.”

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Inventory New Listings Housing Market Sellers 523

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. rise in houses sold in the same timeframe – from 670 to 940. The post Why is the El Paso housing market so hot right now?

Housing Market 420

Housing Market Real Estate Agent Marketing Realtors 420

Housing Wire

JANUARY 20, 2022

Right after the Great Recession, between 2009 and 2011, buyers viewed a median of 12 homes before purchasing, as inventory was plentiful. From 2004 to 2006, during the housing boom years, even though homes were moving at a rapid pace, buyers typically looked at nine homes. month’s supply of homes. month’s supply of homes.

Buyers 421

Buyers Inventory Open Houses Technology 421

Housing Wire

APRIL 23, 2021

soared 18% year-over-year in March 2021 to a median of $356,000, according to a report Redfin released Friday that provided stark evidence of a housing market where demand greatly exceeds supply. Homes sold in March were on the market for 21 days, per the report, the shortest period between listing and sale since 2012.

Inventory 441

Inventory Housing Market Realtors Marketing 441

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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Inventory New Listings Housing Market Mortgage 397

Housing Wire

AUGUST 15, 2023

Keller kicked off the first day of the two-day gathering by offering his take on the housing market and economic conditions. Despite persistent inflation challenges, a volatile mortgage market and limited inventory, Keller said it was still a good time to buy a house. “It

Agents 364

Agents Marketing Real Estate Housing Market 364

Housing Wire

OCTOBER 12, 2020

Despite what they promised, we sit here today with the United States housing market outperforming all other economic sectors in the world during the pandemic. In order for the housing market to crash due to too many loans going into default when forbearance programs end, the number of loans in these programs needs to grow.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

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.”.

Contracts 392

Contracts Inventory Housing Market Marketing 392

Housing Wire

JUNE 15, 2022

Mohtashami focused on the latest inventory and the Federal Reserve’s rate hike announcement. The last time I had four of my six recession red flags up it was 2006 and the other two came that year. HousingWire: Circling back to inventory, what is inventory data reflecting and how important is it to homebuyers?

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Inventory Investors Retail Housing Market 358

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. I have documented the history of these housing price crash addicts for a decade now. Housing inventory issue with no booming demand.

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Inventory New Listings Law Housing Market 384

Housing Wire

MARCH 31, 2022

The online reaction was immediate — housing must be about to crash. That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble. First, because there is no speculative debt demand going on today, there can’t be a housing bubble.

Housing Market 528

Housing Market Inventory Lending Marketing 528

Empire Appraisal Group

SEPTEMBER 8, 2022

Housing Market Collapse? Housing Market Collapse? 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. housing market is suffering some cracks, but an outright collapse is nowhere in sight.

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Housing Wire

SEPTEMBER 28, 2021

below its 2006 peak. Home price growth remained scorching hot as the housing market entered the dog days of summer, but data released in the weeks since indicate cooler days in the months to come,” Matthew Speakman a Zillow economist said in a statement.

Housing Market 485

Housing Market Finance Contracts Inventory 485

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. Presented by: Fannie Mae.

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Realtors Inventory Contracts Development 534

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing Inventory. Home price s.

Housing Market 541

Housing Market Marketing Inventory New Listings 541

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. 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. million housing starts, not anytime from 2008-2019.

Inventory 521

Inventory Buyers Mortgage Housing Market 521

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. In time, markets always find balance and balance is a good thing. But, that doesn’t mean housing is going to crash. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast.

Housing Market 397

Housing Market Marketing Inventory Lending 397

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% pending home sales slid for the third consecutive month in November, dropping 2.6% The National Index is now up 24.5%

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Contracts Inventory Realtors Government 534

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.

Housing Market 545

Housing Market Marketing Inventory Sellers 545

Housing Wire

AUGUST 5, 2022

We had some funky trade and inventory data that tilted the GDP negatively, but the traditional data lines that go negative in a recession are just not there yet. As you can see below, this data line fell in 2006, and we were still creating jobs in 2006 and 2007.

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Development Housing Market Marketing Business 544

Housing Wire

APRIL 27, 2021

The 12% home price gain is the highest recorded increase since February of 2006. Mortgage rates dropped below 3% last week for the first time in two months — down seven basis points to 2.97%, according to Freddie Mac’s Primary Mortgage Market Survey. in January. It’s the ninth straight month of increasing prices.

Inventory 384

Inventory Buyers Finance Investing 384

Housing Wire

OCTOBER 31, 2022

All my six recession red flags were raised toward the end of 2006, and the recession didn’t start until later in 2008. During the build-up to when the housing bubble burst, housing was getting noticeably weaker on many fronts. Total inventory in America grew from 2000 to 2005 while demand grew. Today, we are at 1.25

Law 517

Law Inventory Lending Mortgage 517

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time.

Inventory 515

Inventory Housing Market Construction Marketing 515

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. That type of soaring housing market is prompting more “bubble” fears in some corners, but economists say the housing market isn’t getting overinflated. “We But this isn’t 2006.

Housing Market 78

Housing Market Realtors Inventory Finance 78

Housing Wire

MAY 25, 2021

to the highest level since 2006. Even so, we expect new home sales to trend higher for the remainder of 2021, with sales for the year at the highest level since 2006.” Join us to learn how they are using new strategies to bypass these frustrations, ultimately leading to a pickup in loan sale profitability. Presented by: MCT.

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Construction Development Technology Marketing 421

Housing Wire

DECEMBER 28, 2021

“We just went through one of the biggest housing booms in modern history,” said Jonathan Miller, a real estate appraiser at Miller Samuel who also produces housing market reports for Douglas Elliman. What we’re starting to see is more of a cooling or a plateauing than a market correction.”. on pace for 6.29

Real Estate 450

Real Estate Realty Brokerage Realtors 450

Housing Wire

APRIL 16, 2021

That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae. “The March pace was the second strongest since 2006, surpassed only by this past December’s reading,” Duncan said.

Inventory 545

Inventory Housing Market Marketing Supply Chain 545

Housing Wire

FEBRUARY 8, 2024

Despite the population decline, Illinois’ housing market remains relatively strong. The state has an Altos Research Market Action Index score of 44, which is above the national score of 39. Altos considers anything above 30 to be indicative of a seller’s market. It’s depressing,” Laricy said of the downtown market.

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Inventory Agents Housing Market Luxury Properties 410

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Inventories are rising across the country. in 2021, Freddie Mac reports.

Housing Market 397

Housing Market Marketing Supply Chain Real Estate 397

Housing Wire

APRIL 23, 2021

million seasonally adjusted annual rate, according to the Department of Housing and Urban Development and the U.S. This is the fastest sales pace since September 2006. With so many buyers snatching up new homes at the ready, inventory fell to 3.6 from February to a 1.02 Census Bureau. lower than March 2020.

Buyers 491

Buyers Housing Market Marketing Inventory 491

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.

Sellers 504

Sellers Inventory Housing Market New Listings 504

Housing Wire

AUGUST 1, 2022

June saw both record-low home price appreciation and the largest single-month increase of for-sale inventory in 12 years, resulting in a cool down in the housing market. And the housing market would likely slow further in the coming months if mortgage rates remain persistently high.

Housing Market 379

Housing Market Marketing Inventory Technology 379

Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. For now, though, the low inventory means housing starts have legs to move higher. New Home Supply.

Inventory 545

Inventory Construction Government Housing Market 545

Cornerstone

APRIL 30, 2021

The fact that housing inventory is at record lows has driven up prices – and potential profits — by 14.1 Compared to the bubble seen a decade before, housing demand is legitimately strong, and inventory is very limited. in contrast to the all-time high of 868 seen in 2006. percent from the year before.

Sellers 66

Sellers Buyers Inventory Loan Officers 66

Housing Wire

JULY 6, 2022

Home price growth slowed in May, showing signs of a cooling housing market. But housing is the least affordable it has been since the mid-1980s as mortgage rates rise and home values soar, driven by low housing inventory, a new Black Knight report suggests. in May from a revised 20.4% in May from a revised 20.4%

Inventory 381

Inventory Home Value Housing Market Mortgage 381

Housing Wire

JANUARY 10, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. In addition, more for-sale inventory will likely be available on the market.

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Housing Market Marketing Construction Inventory 545