Housing Wire

MAY 7, 2023

In 2007, when sales were down big, total active listings peaked at over 4 million. We had high inventory levels while the unemployment rate was still excellent in 2007. This proves that the mass supply growth we saw from 2005-2007 was due to credit stress, not because the economy was in a recession; the U.S.

Inventory 491

Inventory Housing Market Marketing New Listings 491

Housing Wire

DECEMBER 7, 2022

Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Since the summer of 2020, I have believed the housing market could change in terms of cooling down, but it would require the 10-year yield to break over 1.94%. Total inventory levels. NAR: Total Inventory levels 1.22

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Housing Market Mortgage Marketing Inventory 544

Housing Wire

JANUARY 16, 2023

The weekly data shows some good news for the housing market ! With mortgage rates also falling, I am hopeful that more people will list their homes and buy another, so we can get back to a more functional housing market. But after this week’s report, we should have a low-level base formed for housing to stabilize.

Inventory 533

Inventory Housing Market Marketing Mortgage 533

Housing Wire

MAY 2, 2023

The housing market functions differently than other markets because it can be characterized as a heterogeneous, thinly traded, illiquid market. In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. The result is fewer sales.

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Housing Market Marketing Sellers Inventory 389

Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. We are not taking the unhealthy housing market theme off this marketplace.

Housing Market 524

Housing Market Marketing Inventory Realtors 524

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. in December 2022, its highest level since 2007 and its fastest rise in more than 40 years. We can also expect low housing demand, which favors buyers.

Housing Market 431

Housing Market Marketing Inventory Sellers 431

Housing Wire

NOVEMBER 19, 2020

The housing market is hot. You may be told that future moderation indicates “cracks in the housing market, but don’t buy into it. You may be told that future moderation indicates “cracks in the housing market, but don’t buy into it. year over year. A normal trend will eventually materialize. Don’t listen.

Housing Market 545

Housing Market Marketing Inventory Buyers 545

Housing Wire

APRIL 3, 2023

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. For example, over the last few months, when monthly sales were trending at 2007 levels, total active listings peaked at over 4 million.

Inventory 490

Inventory Housing Market Marketing New Listings 490

Housing Wire

JUNE 25, 2023

More importantly, it showed that the days on market dropped back to the teenager level, which means we are once again in a savagely unhealthy housing market. Nothing good is happening in housing when days on market are so low. million The peak in 2007 was a bit over 4 million Currently we’re at 1.08

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Inventory Housing Market Marketing New Listings 410

Housing Wire

NOVEMBER 18, 2022

That’s the largest year over year existing home sales decrease since 2007. The impact is greater in expensive areas of the country and in markets that witnessed significant home price gains in recent years.”. Both a pullback in demand and limited supply remain vexing problems for the housing market. year over year.

Housing Market 418

Housing Market Marketing Inventory New Listings 418

Housing Wire

JANUARY 18, 2023

mortgage insurance market in 2023 to deteriorate. The sector outlook reflects expectations for a slowing economy in 2023, with a modest increase in unemployment and potential pricing corrections in the housing market. Fitch Ratings also expects the outlook for the U.S.

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Housing Wire

APRIL 18, 2024

This is a byproduct of the qualified mortgage rule of 2010, which has been a game-changer not only for the housing market but for the overall U.S. million active listings per the last report, we have 526,000 per our last Housing Market Tracker article. million, and in 2007, it peaked at 4 million. million in March.

Inventory 490

Inventory Housing Market New Listings Buyers 490

Housing Wire

SEPTEMBER 21, 2023

As we can see in the chart below, even with the biggest home sales crash in history for one year, inventory data has yet to return to the peaks we saw in 2007. But even with the biggest home sales crash ever, prices are still at all-time highs. Getting back to the four-decade average between 2-2.5 million has been a struggle.

Inventory 516

Inventory Housing Market Mortgage Marketing 516

Housing Wire

JUNE 18, 2021

The housing market is no stranger to supply constraints. But according to Doug Duncan, chief economist at Fannie Mae , it’s not going to be just one of these factors that brings the market back to some semblance of normalcy. It’s going to take all of them. “It doesn’t just reappear,” Duncan said.

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Supply Chain Housing Market Marketing Inventory 379

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! Confused by this? I hear you; let’s dive deeper into today’s report.

Inventory 527

Inventory New Listings Housing Market Sellers 527

Housing Wire

FEBRUARY 3, 2021

Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. housing market. Such a scenario illustrates the growing disparities in the U.S.

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Lending Mortgage Insurance Housing Market 545

Housing Wire

MAY 14, 2021

Not to mention, during the 2007 housing market crash, some had just bought their first homes and unfortunately, lost their homes during the crash. It took a while for the housing market to bounce back. But that’s not the only reason this generation is shopping for their dream home now.

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Housing Market Marketing Buyers Real Estate 543

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 530

Housing Market Inventory Lending Marketing 530

Appraisal Buzz

MAY 18, 2021

Economists dive into April housing market indicators and explain how today’s turbulent mortgage environment differs from that leading up to the 2007-2008 crash. The post Home Prices Stoke ‘Housing Bubble’ Fears—are They Founded? The post Home Prices Stoke ‘Housing Bubble’ Fears—are They Founded?

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Housing Market Appraisal Mortgage Marketing 195

Housing Wire

OCTOBER 10, 2023

In his keynote session to kick off the event, Mohtashami highlighted how the Fed feels increasingly uncomfortable with the speed at which the bond market is rising. for the first time since 2007. He noted the benchmark 10-year Treasury yield edged 4.8% The third-annual HousingWire event runs Oct. 10-12 at the Hyatt Lost Pines.

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Mortgage Realtors Real Estate Housing Market 323

Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

Inventory 473

Inventory Marketing Housing Market New Listings 473

Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise.

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Housing Market Finance Marketing Mortgage 374

Housing Wire

SEPTEMBER 1, 2021

Barack Obama uttered those words on the footsteps of the Illinois state capitol in 2007 – a speech where the former Illinois state senator declared his candidacy for president. median home price of $207,000.

Realtors 373

Realtors Real Estate Inventory Marketing 373

Miller Samuel

APRIL 1, 2023

The real estate industry used to go gaga over this report before the housing bubble. But now, with so many bonuses received as deferred compensation or in a non-cash format, the Manhattan housing market no longer sees an immediate surge in demand when bonuses are announced.

Real Estate 195

Real Estate Housing Market Appraisal Marketing 195

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

SEPTEMBER 24, 2023

Mortgage rates and the bond market Last week was wild for the 10-year yield, as the key support line that I have been talking about for weeks broke after the Fed meeting, sending the 10-year yield to highs last seen in 2007. Mortgage rates started the week at 7.28% , got as high as 7.47%, and ended at 7.39%.

Mortgage 466

Mortgage Inventory New Listings Housing Market 466

Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. In 2007, when sales were down big, total active listings peaked at over 4 million.

Housing Market 540

Housing Market Marketing Mortgage Inventory 540

Housing Wire

NOVEMBER 2, 2022

economic performance and persistent inflation, the Federal Reserve on Wednesday raised the federal funds rate by another 75 basis points, to 3.75%-4%, launching it to the highest level since December 2007. The decision, expected by most Fed observers and the financial markets, is intended to further slow down the housing market.

Housing Market 421

Housing Market Mortgage Marketing Investors 421

Housing Wire

SEPTEMBER 13, 2022

housing market that have 2019 inventory levels or higher are off my savagely unhealthy housing market list; those areas see effective pricing as demand gets weaker. housing market — where people have choices and buyers have some power again — are those near or above 2019 levels. The parts of the U.S.

Mortgage 520

Mortgage Inventory New Listings Sellers 520

Housing Wire

JUNE 18, 2023

This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. As you can see in the chart below, the collapse of the purchase application data has stalled out, and if this didn’t happen, we would be having a different conversation about the housing market today.

Housing Market 486

Housing Market Marketing Inventory New Listings 486

Housing Wire

APRIL 2, 2021

“The prime-age labor force participation rate fell in the aftermath of the Great Recession and it took a decade to return to the pre-Great Recession average (2001-2007) of 83%,” Kushi said. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints.

Inventory 504

Inventory Construction Housing Market Business 504

Housing Wire

MAY 5, 2021

His mortgage career was affected by the 2007 market crash just as he was raising toddlers with his wife Nicole. . While appetite for refinance loans is projected to plunge in the second half of the year, a huge demographic wave of first-time homebuyers is looking to join the market — assuming they can find a house to buy.

Marketing 398

Marketing Design Real Estate Housing Market 398

Housing Wire

FEBRUARY 22, 2023

MPY: I actually first started working on housing finance under very different circumstances — and in a different country! In 2007 I was based in Sichuan Province, China, working on economic development research with a fellowship under an Oxford program. HW: Few people think about getting into the mortgage industry at a young age.

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Finance Business Government Development 380

Sacramento Appraisal Blog

AUGUST 23, 2023

Rates have gone up, but have they sucked all the demand out of the market? Also, someone asked if the stock market is connected to the housing market, so l made a cool graph. Let’s talk about that today by looking at a few stats.

Real Estate 244

Real Estate Insurance Marketing Housing Market 244

Sacramento Appraisal Blog

MARCH 1, 2022

Does the housing market really have price cycles? UPCOMING PUBLIC SPEAKING GIGS: 3/15/2022 NARPM Luncheon (details) 3/22/2022 SAFE Credit Union market update (details) 4/28/2022 SAR […]. But these cycles aren’t always so rigid and perfectly predictable like so many people think they are.

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Housing Market Marketing Real Estate Appraisal 414

Housing Wire

APRIL 9, 2021

A homebuyer’s guide to a competitive housing market. The housing market is extremely competitive right now. Here is a homebuyer’s guide to navigating bidding wars and low housing supply. Presented by: Citibank. The number of potential program participants per category, UI estimates, are 5.37 million, and 2.51

Finance 441

Finance Housing Market Buyers Mortgage 441

Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. 2020 and 2021 easily each have over 6.2

Inventory 520

Inventory Housing Market Marketing Mortgage 520