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. Mortgage holders are well-qualified and subprime loans are rare. ”

Inventory 443

Inventory Housing Market Lending Buyers 443

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 total, 39 of the 50 largest markets saw home prices increase on an adjusted basis in February. In February, it took 33.2%

Inventory 395

Inventory New Listings Housing Market Mortgage 395

Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun.

Inventory 513

Inventory New Listings Housing Market Sellers 513

Housing Wire

NOVEMBER 16, 2020

But the virus has had anything but a negative impact on real estate in El Paso. 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. Interest rates were so low, at 2.5%

Housing Market 417

Housing Market Real Estate Agent Marketing Real Estate 417

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

DECEMBER 28, 2021

By the fall, real estate agents in Boise, Idaho were passing around a video they didn’t like but couldn’t resist watching. The managing partner of ACCEL Realty Partners in Boise, Steve Caporale, said that the video gave him pause, especially since, “The market has been softening a bit.”. Boise is in a full-fledged housing crash!”

Real Estate 449

Real Estate Realty Brokerage Realtors 449

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 370

Contracts Inventory Housing Market Marketing 370

Housing Wire

NOVEMBER 30, 2020

in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices. compared to a year ago.

Realtors 534

Realtors Inventory Contracts Development 534

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

Inventory 384

Inventory New Listings Law Housing Market 384

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%

Contracts 534

Contracts Inventory Realtors Government 534

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

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

MARCH 31, 2022

The Dallas Fed on Thursday published an article titled: Real-Time Market Monitoring Finds Signs Of a Brewing U.S. 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. Housing Bubble. I disagree with this conclusion. Let me explain. .”

Housing Market 523

Housing Market Inventory Lending Marketing 523

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. Nowhere in Sight.

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Housing Wire

AUGUST 5, 2022

A tighter labor market is a good thing; this means people with less educational backgrounds can get employed since we have many jobs that don’t require a college education. 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.

Development 541

Development Housing Market Marketing Business 541

Housing Wire

MAY 25, 2021

” Technology for navigating secondary market challenges. 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. Presented by: MCT.

Construction 421

Construction Technology Development Marketing 421

Housing Wire

FEBRUARY 14, 2022

But what makes Redfin different – what makes it radically, transformatively different – is that it classifies real estate agents as employees. Some agents, like ones at RE/MAX , even pay the brokerage fees for office space and marketing tools. But it also drew a bountiful new crop of people into real estate. “I

Business 363

Business Brokerage Real Estate Agent Agents 363

Eppraisal

DECEMBER 2, 2021

There is a lot in the news about the real estate market and how home values are rising, inventory and interest rates are low, and the like. The one issue that doesn't get much attention is real estate agent safety. It can be dangerous out there in the world of real estate.

Real Estate Agent 36

Real Estate Agent Real Estate Agents Buyers 36

McKissock

SEPTEMBER 7, 2021

Following the pandemic, we are experiencing a surging real estate market, which begs the question: Is there a market correction on its way? Some market watchers are predicting that when it does happen, it will not be as severe as the last one, while others anticipate something of similar degree or even worse.

Marketing 71

Marketing Real Estate Appraisal Inventory 71

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. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. April 2022: Inventory has not recovered. Can this last?

Housing Market 396

Housing Market Marketing Inventory Lending 396

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time. How can housing inventory be so low today when it skyrocketed back in 2009? housing market.

Inventory 501

Inventory Housing Market Construction Marketing 501

Housing Wire

APRIL 20, 2022

Bonnie Williamson never intended to be a real estate agent. In their place are slick videos, glossy Instagram marketing photos and digital business cards. “I As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6

Real Estate Agent 384

Real Estate Agent Real Estate Agents Brokerage 384

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. ‘This Isn’t a Bubble’.

Housing Market 78

Housing Market Realtors Inventory Finance 78

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. 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. Production falls.

Housing Market 545

Housing Market Marketing Inventory Sellers 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. As of Feb. Across the state, as of Feb. Only 61.5%

Inventory 387

Inventory Agents Housing Market Luxury Properties 387

Housing Wire

APRIL 23, 2021

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 David Berson, Nationwide’s chief economist, said he is expecting that new home sales will continue to climb to levels not seen since 2006, despite expectations of modest mortgage rate increases.

Buyers 491

Buyers Housing Market Marketing Inventory 491

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

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. Freddie Mac projects that home-price growth will average 12.8%

Housing Market 397

Housing Market Marketing Supply Chain Real Estate 397

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. million today.

Sellers 504

Sellers Inventory Housing Market New Listings 504

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. MECKLENBURG, Tenn. –

Construction 78

Construction Finance Housing Market Buyers 78

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 April marking the largest single-month deceleration since 2006.

Inventory 362

Inventory Home Value Housing Market Mortgage 362

McKissock

MARCH 15, 2022

Clients continue to require more market analysis be included in appraisals. While there is some unpredictability before spikes or plunges, there are many signs that can point to a growing real estate bubble or a burst. Signs of a possible real estate bubble. Traditional buyers are replaced by new ones (investors).

Real Estate 88

Real Estate Finance Sellers Real Estate Agent 88

Housing Wire

MAY 21, 2021

April’s existing home sales painted a familiar picture of a market still grappling with low supply as sales dropped for the third month in a row, down 2.7% “Last month, existing home sales recorded their best bottom line in any April since 2006,” Speakman said. from March to 5.85

Inventory 421

Inventory Buyers New Listings Marketing 421

Appraisal Today

JUNE 10, 2022

Habitual practice of “comparing comps” over “measuring markets” will prevail (in the absence of change in the other “frictions”). 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. ==. Jun 7, 2022.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

JUNE 17, 2022

NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. My Comments on Market Changes. Fannie and Freddie have long said that they want appraisers to tell them about their markets. How many offers.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Housing Wire

SEPTEMBER 23, 2022

A recent article, “Stop subsidizing Wall Street buying up homes,” perpetuates an uninformed stereotype of single-family rental home companies while revealing a serious neglect for the important contributions industry firms bring to today’s housing market. of the nation’s total housing inventory. to 67.6%; Nashville from 71.1%

Inventory 327

Inventory Housing Market Investors Investing 327

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. RedfinNow most recently launched in Sacramento in October.

Real Estate Agent 473

Real Estate Agent Real Estate Agents Brokerage 473