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 441

Real Estate Realty Brokerage Realtors 441

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 498

Sellers Inventory Housing Market New Listings 498

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

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

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 513

Inventory Housing Market Construction Marketing 513

Cornerstone

APRIL 30, 2021

It’s an ideal time for sellers to take advantage. Sellers who may have been reluctant to list in the past few years are now considering it. The fact that housing inventory is at record lows has driven up prices – and potential profits — by 14.1 in contrast to the all-time high of 868 seen in 2006.

Sellers 66

Sellers Buyers Inventory Loan Officers 66

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. As of Feb. Across the state, as of Feb.

Inventory 406

Inventory Agents Housing Market Luxury Properties 406

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 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

Housing Market 545

Housing Market Marketing Construction Inventory 545

Housing Wire

MAY 24, 2022

A lot of the housing data was lagging the rate move, so it wasn’t apparent that higher rates impacted the data yet. Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. However, the housing market changed once the 10-year yield broke over 1.94%.

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Housing Market Inventory Construction Marketing 393

Housing Wire

FEBRUARY 14, 2022

Redfin, on the other hand, has had agents as employees since Glenn Kelman founded it in Seattle in 2006. Living on commissions often means getting paid more for convincing a buyer to increase their acceptable price range or coaxing a seller to hold out for a more lucrative deal. It was as boring as it sounds like.

Business 369

Business Brokerage Real Estate Agent Agents 369

Housing Wire

MAY 21, 2021

. “Last month, existing home sales recorded their best bottom line in any April since 2006,” Speakman said. ” While borrowers battle it out in the bidding trenches, unsold inventory sits at a 2.4-month Roughly 88% of the homes sold in April 2021 were on the market for less than a month.

Inventory 414

Inventory Buyers New Listings Marketing 414

Housing Wire

OCTOBER 12, 2022

The forecast for the housing market in 2023 gets worse by the month, with the latest report predicting a million-plus decline in existing home sales. The slowing effect on the housing market of the higher mortgage rate environment has been largely predictable, and home prices appear to have already begun trending downward.”.

Contracts 414

Contracts Modernization Housing Market Mortgage 414

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. “This is the strongest seller’s market since at least 2006,” Fairweather said. The national average of home prices rose 14.4%

Buyers 545

Buyers Sellers Inventory New Listings 545

Housing Wire

DECEMBER 8, 2020

Redfin announced on Tuesday that its iBuying arm, RedfinNow, has entered the Seattle and San Francisco metro housing markets. Seattle is currently a hot market – in October, there was less than a month’s worth of inventory and pending home sales outpaced supply.

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Real Estate Agent Real Estate Agents Brokerage 464

Appraisal Today

AUGUST 5, 2022

The housing market is cooling-off. Excerpts: Lending was not very prudent prior to the crash of 2008 as suggested by the trend in the median credit score (FICO), a measure for credit worthiness; for newly originated first-time purchase mortgages the median FICO score was 686 in Q1 2006 versus 740 in Q4 2020. Find out why not.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

Housing Wire

JUNE 21, 2023

Census Bureau speaks to the growing strength of the new home market, which stands in stark contrast to the moribund re-sale market. May’s housing starts rate was actually the highest since April 2022, which was then the highest since 2006. And we still have a long way to go in meeting overall housing demand.

Business 344

Business Construction Law Inventory 344

Appraisal Today

OCTOBER 14, 2022

I’m always looking for something new ;> Nearly Two-Thirds of Homebuyers and Sellers Are Hesitant to Move Somewhere With Climate Risk. Meanwhile, 15% of buyers and sellers said climate change caused them to search in a different part of their area. In a market that moves as quickly as ours is, often that can be too old.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Will Springer Realtor

MAY 12, 2021

Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

MAY 9, 2022

DID SOMEBODY SAY, ‘HOUSING BUBBLE?’. Are we in a housing bubble? The housing market has become bubbly,” said economist Enrique Martinez-Garcia of the Federal Reserve Bank of Dallas. He was one of the authors of a recent report that found signs of a housing bubble in the real estate market. a month ago.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

AUGUST 9, 2021

Lawrence Yun also said this figure will be the highest rate of sales since 2006. About 57% of all new housing was classified multifamily (four or more units in one location). AUGUST HOUSING UPDATE. Months of inventory improved slightly from June but remain extremely low. months of inventory available compared with 0.3

Construction 36

Construction Inventory Property Taxes Development 36