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.

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Housing Wire

DECEMBER 28, 2021

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.”. What we’re starting to see is more of a cooling or a plateauing than a market correction.”. The frenetic pace of the market has eased,” Miller said. on pace for 6.29

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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.

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Sellers Inventory Housing Market New Listings 504

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.

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Inventory Housing Market Construction Marketing 522

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. It is crazy to think we are seeing these four things happen in the housing market considering that even in March of this year we were seeing bidding wars accelerate before mortgage rates rose.

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Housing Market Marketing Inventory Sellers 546

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. So where does all that drama leave us for 2023? Home price s.

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Housing Market Marketing Inventory New Listings 543

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.

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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%

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Inventory Agents Housing Market Luxury Properties 441

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%

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Housing Wire

FEBRUARY 14, 2022

Some agents, like ones at RE/MAX , even pay the brokerage fees for office space and marketing tools. Redfin, on the other hand, has had agents as employees since Glenn Kelman founded it in Seattle in 2006. I did a nine to five job – inventory analysis – in my mid-to-late 20’s,” said Goldberg, presently a Redfin agent in Charlotte. “It

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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

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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.

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Housing Wire

MAY 24, 2022

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%. The market is savagely unhealthy and needs balance; this is what we call balance! However, the housing market changed once the 10-year yield broke over 1.94%. Guess what happened in March?

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Housing Market Inventory Construction Marketing 397

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. Non-QM: New Market + New Rules = New Opportunities. Join leading industry experts for a 45-minute discussion on the market, challenges and opportunities. With the new rules of Non-QM 2.0

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Buyers Sellers Inventory New Listings 545

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 mortgage market is projected to slip further to $1.3 How should the current market impact lenders’ tech adoption? from a year ago. . annualized in the fourth quarter.

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Contracts Modernization Housing Market Mortgage 421

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.

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Real Estate Agent Real Estate Agents Brokerage 473

Appraisal Today

AUGUST 5, 2022

“The use of a Desktop Appraisal may allow an appraiser from outside the market area, but with appropriate credentials for the jurisdiction of the property, to complete the assignment when no local VA fee panel appraiser is available.”. Marketing: Lender: get on AMC and lender lists. Non-lender: marketing in person and online.

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Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. 2022 was down in sales from 2021 just like this past year , and at that time , many were concerned that it was a sign the market was about to crash, something Anthony has repeatedly dispro ved. Sales Decline by 21.7%

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Inventory Sellers Contracts Buyers 69

Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9%

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Inventory Sellers Buyers Contracts 54

Housing Wire

JUNE 21, 2023

The existing home sales market is a face on a milk carton, and homebuilders are salivating at the opportunity to meet strong consumer demand. Census Bureau speaks to the growing strength of the new home market, which stands in stark contrast to the moribund re-sale market. So why aren’t they? New data from the U.S. million, 21.7%

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Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. 2023 Real Estate Performance Highlights The number of homes sold decreased by 18.9%

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Housing Wire

APRIL 20, 2022

In their place are slick videos, glossy Instagram marketing photos and digital business cards. “I But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. The CRM is fantastic and there are all these marketing tools and templates.

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McKissock

MARCH 15, 2022

Clients continue to require more market analysis be included in appraisals. Below we describe a variety of market events that may indicate that the real estate market is on the verge of a housing boom or housing bust. Properties are selling so fast that the listings on the market are not expiring, they are selling.

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Lamacchia Realty

DECEMBER 28, 2022

Adjustment years tend to happen every 8-10 years for the market to reset for its next decade-long run. Though real estate markets can vary from one local market to another, the majority of the overarching market trends are happening everywhere on a grander scale right now. The story is similar in Connecticut.

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Sellers Buyers Real Estate Inventory 78

Appraisal Today

OCTOBER 14, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Reviews and Revisions, AMC layoffs, real estate market, unusual homes, mortgage origination stats, etc. ==. Utah’s Largest Home Hits the Market With a Bowling Alley and Lazy River for $17.5M, discounted from the initial $21 million listing last year.

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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.”.

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Real Estate Inventory Buyers Construction 36

Will Springer Realtor

MAY 9, 2022

A growing diversified base of technology companies continue to proclaim the Eastside market as one of the best living and job opportunities in the country,” noted local commercial property firm Broderick Group in a report issued last month. housing market is unrealistic. million sq. But, “wait!”,

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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. A sliver of a silver lining developed in our still-hot housing market, as King County saw more homes for sale at the end of July than 31 days earlier. Months of inventory improved slightly from June but remain extremely low. million home sales.

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Construction Inventory Property Taxes Development 36

Lamacchia Realty

DECEMBER 26, 2023

ANTHONY LAMACCHIA'S 2024 REAL ESTATE MARKET PREDICTIONS Anthony is obsessed with tracking the data and in this article written at the end of 2023 he explains how the market is shaping up based on trends and what Buyers and Sellers can expect in 2024. It’s simply fascinating to see. I will get into this further in my predictions.

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Sellers Real Estate Buyers Inventory 74