Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. 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. The only time this happened was 2006-2011 — the housing bust years.

Sellers 504

Sellers Inventory Housing Market New Listings 504

Housing Wire

SEPTEMBER 28, 2021

below its 2006 peak. In addition, homebuyers are continuing to enjoy low mortgage rates , boosting the demand for homes even higher. For-sale inventory levels charted their fourth consecutive monthly increase in August, and sellers appear to be taking a less aggressive approach when putting their homes on the market.

Housing Market 485

Housing Market Finance Contracts Inventory 485

Housing Wire

DECEMBER 28, 2021

2021 is projected to have the most home sales since the 2006 housing bubble, with the U.S. Slowing down the pace, Miller said, is the average interest rate on a 30-year-fixed rate mortgage — 3.09% by late October, according to Freddie Mac , after it hovered below 3% for most of 2021. on pace for 6.29

Real Estate 450

Real Estate Realty Brokerage Realtors 450

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.

Inventory 522

Inventory Housing Market Construction Marketing 522

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 The Mortgage Credit Availability Index (MCAI) now sits at 125.4

Sellers 66

Sellers Buyers Inventory Loan Officers 66

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.

Housing Market 546

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. Mortgage rates. Home price s.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

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.

Inventory 421

Inventory Buyers New Listings Marketing 421

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%

Buyers 545

Buyers Sellers Inventory New Listings 545

Housing Wire

OCTOBER 12, 2022

The latest forecast also projects total mortgage origination activity at $1.6 The mortgage market is projected to slip further to $1.3 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.”. million in 2023.

Contracts 421

Contracts Modernization Housing Market Mortgage 421

Housing Wire

MAY 24, 2022

A few months ago, I wrote that the new home sales sector is at risk because of rising mortgage rates. I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked.

Housing Market 397

Housing Market Inventory Construction Marketing 397

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.

Housing Market 397

Housing Market Marketing Supply Chain Real Estate 397

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.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

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 370

Business Brokerage Real Estate Agent Agents 370

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

DECEMBER 8, 2020

How the mortgage industry is working together to make housing more affordable. Seattle is currently a hot market – in October, there was less than a month’s worth of inventory and pending home sales outpaced supply. In the Bay Area, RedfinNow is now available to homeowners in the East Bay and South San Jose areas.

Real Estate Agent 473

Real Estate Agent Real Estate Agents Brokerage 473

Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. With rates trying to reach equilibrium after their nosedive in 2020, everyone has had to accept that pandemic-era rates are a thing of the past and therefore higher monthly mortgage payments are here to stay. Sales Decline by 21.7%

Inventory 69

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%

Inventory 53

Inventory Sellers Buyers Contracts 53

Lamacchia Realty

JANUARY 25, 2024

This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Average prices for closed sales increased by 7.2% Sales Decline by 18.9%

Inventory 51

Inventory Sellers Buyers Contracts 51

Housing Wire

JUNE 21, 2023

May’s housing starts rate was actually the highest since April 2022, which was then the highest since 2006. In other words, the multifamily deliveries will likely relieve pressure in the form of rents and help with overall supply, but the inventory deliveries likely won’t do much for the sales market. million, 21.7%

Business 369

Business Construction Law Inventory 369

Housing Wire

APRIL 20, 2022

But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. Although this was not the strongest showing for new home sales due to supply chain issues, and material and labor shortages, 2021 was the best year for existing home sales since 2006.

Real Estate Agent 421

Real Estate Agent Real Estate Agents Brokerage 421

Lamacchia Realty

DECEMBER 28, 2022

You can infer from the subtitle “ 2023 Will be 1982 all over again” that I’m clearly expecting an early 1980’s scenario, when inflation ran up causing interest rates, including mortgage rates, to spike. At that time we had an extreme overabundance of sellers and not enough motivated buyers.

Sellers 78

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 unusual homes, mortgage origination stats, etc. 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. ==. To read more, click here.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. of mortgages underwater); Multnomah County (Portland), Ore. points at 34.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

MAY 9, 2022

That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. home prices, up 14% year over year (YoY) by one measure, and escalating mortgage rates, which have risen about 2.1 The potent combo of rising U.S. home (about $400,000 vs. $880,000 in King County).

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

AUGUST 9, 2021

The index showed a growing difficulty to afford a home even while household income and mortgage rates improved compared to last year. An owner’s mortgage servicer may receive the card; check with the servicer or contact the Assessors Office website for the assessed value.). Among single-family homes, county inventory increased to 0.6

Construction 36

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. Second, sellers can only hold off for so long. I see that happening for a few reasons.

Sellers 74

Sellers Real Estate Buyers Inventory 74