Housing Wire

MAY 18, 2023

If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022. NAR Total Inventory Data going back to 1982. housing market inventory channels have changed due to how the U.S. This is not, nor can it ever be, like 2008. If it was like 2008, you’re about four to six years too early in 2023.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

AUGUST 28, 2023

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. Similar to 2022, some 63% of non-appraiser members cited a lack of inventory among their greatest obstacles, followed by rising prices and declining affordability (54%).

Appraisal 370

Appraisal Logistics Valuation Appraisal Process 370

Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

Inventory 512

Inventory Housing Market Marketing Realtors 512

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 However, this year has seen one big game-changer: the 10-year yield finally cracked over 1.94%, which drove mortgage rates over 4%. Inventory is always seasonal. Today inventory levels are at 1.02 million and 1.93

Housing Market 525

Housing Market Marketing Inventory Realtors 525

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. Unsold inventory sits at a 2.0-month

Housing Market 491

Housing Market Marketing Inventory Mortgage 491

Housing Wire

DECEMBER 3, 2021

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. Reina Ramos: I don’t have a favorite article but rather enjoy and appreciate the coverage HW provides on all subject matters that are affecting the mortgage industry as well as Realtors.

Inventory 384

Inventory Loan Officers Clients Mortgage 384

Housing Wire

MAY 5, 2022

It’s not time to sound the alarms, and there’s no indication that another housing market crash, circa 2008, is about to happen, but there are signs and signals everywhere suggesting that the decade-long boom in home sales may be running out of steam. compared to the previous year, according to the California Association of Realtors.

Housing Market 370

Housing Market Marketing Inventory Buyers 370

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. The sharp decline in mortgage rates during the COVID-19 pandemic fueled the U.S.

Housing Market 421

Housing Market Marketing Loan Officers Mortgage 421

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? In 2008, many people lost their homes when the housing bubble burst. Why Is U.S.

Inventory 68

Inventory Construction Real Estate Renovations 68

Housing Wire

JANUARY 12, 2022

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020.

Inventory 538

Inventory Mortgage Housing Market Marketing 538

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. The National Association of Realtors (NAR) estimates that baby boomers made up roughly 39%, or 2.32 million homes bought and sold in the U.S.

Loan Officers 397

Loan Officers Real Estate Agent Real Estate Finance 397

Housing Wire

APRIL 11, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 504

Inventory Housing Market Marketing Modernization 504

Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 410

Inventory Housing Market Marketing Modernization 410

Empire Appraisal Group

JUNE 2, 2022

Florida Realtors. The biggest area of concern for researchers is how the housing market is diverging from basic market fundamentals like mortgage rates, inventory and income. Researchers warned that the last time the housing market saw such exuberance was before the crash of 2008. Is FOMO Fueling the Real Estate Market?

Real Estate 78

Real Estate Marketing Housing Market Investors 78

Cornerstone

FEBRUARY 15, 2022

When the pandemic first hit in early 2020, mortgage forbearance plans were announced, allowing homeowners in crisis to temporarily stop payments. The housing crash of 2008 resulted in more than nine million households losing their homes to a short sale, foreclosure, or bank surrender. Reading Time: 4 minutes. According to the MBA, 38.6

Loan Officers 59

Loan Officers Housing Market Inventory Mortgage 59

Empire Appraisal Group

JANUARY 26, 2023

5 Reasons This Isn’t a Repeat of the 2008 Housing Crash NAR Chief Economist Lawrence Yun draws the distinctions between today’s real estate market and that of more than a decade ago. It’s a valid question,” Lawrence Yun, chief economist for the National Association of REALTORS®, said Tuesday at NAR’s Real Estate Forecast Summit.

Real Estate 78

Real Estate Realtors Inventory Housing Market 78

Empire Appraisal Group

MARCH 9, 2023

5 Reasons This Isn’t a Repeat of the 2008 Housing Crash Source: 5 Reasons This Isn’t a Repeat of the 2008 Housing Crash (nar.realtor) By: Melissa Dittmann Tracey NAR Chief Economist Lawrence Yun draws the distinctions between today’s real estate market and that of more than a decade ago. Underbuilding and inventory shortages.

Real Estate 78

Real Estate Inventory Housing Market Construction 78

Housing Wire

NOVEMBER 21, 2023

I say this because of the slow dance between the 10-year yield and 30-year mortgage rates since 1971. Last year, the 10-year yield fell from 4.25% to 3.37%, pushing mortgage rates lower from 7.37% to 5.99%. We had this happen in 2008, and it is happening now. Where the 10-year yield goes, so goes housing!

Inventory 471

Inventory Mortgage Marketing Investors 471

Housing Wire

DECEMBER 20, 2023

However, this time around, the Federal Reserve rate hike cycle is over, and we don’t need to worry about Fed presidents going on CNBC in 2024 crying about 6% mortgage rates making their lives difficult. In 2023, we had one big bounce in sales and then sales trended lower all year long as mortgage rates went from 6% to 8%.

Housing Market 458

Housing Market Marketing Inventory Realtors 458

Housing Wire

DECEMBER 13, 2022

The National Association of Realtors predicts there will be 4.78 Although the housing market slowdown and drop in prices has meant that more and more borrowers are underwater on their mortgage , Yun anticipates that foreclosure rates will remain at historically low levels in 2023, remaining less than 1% of all mortgages next year.

Realtors 410

Realtors Mortgage Housing Market Real Estate 410

Housing Wire

MAY 24, 2022

Servicers of the ARM loan start calling them in 2008 for a locked rate or fixed, lower rate. Over 25 years, this one person has been a mortgage customer of six different mortgage companies, each saving him over $100 per month. There are fewer mortgage people doing all the work. Mortgages will be easier to do and complete.

Mortgage 432

Mortgage Real Estate Agent Business Loan Officers 432

Housing Wire

FEBRUARY 18, 2022

The National Association of Realtors reported that existing home sales for January came in as a big beat at 6.5 Existing home sales ended 2021 on a more positive note as mortgage demand picked up toward the end of the year. Also, we are starting the year with fresh new all-time lows in inventory. million and 6.16

Inventory 485

Inventory Housing Market Buyers Investors 485

McKissock

SEPTEMBER 7, 2021

Some early warning signs of housing market correction are: A) Listing inventory in MLS starts to climb steadily. Increasing inventory is generally a sign that buyers have stopped buying (due to prices being too high or a lack of consumer confidence), or there are just fewer ready, willing, and able buyers in the marketplace.

Marketing 71

Marketing Real Estate Appraisal Inventory 71

Housing Wire

OCTOBER 20, 2022

Higher mortgage rates continued to impact home sales over the last month, with existing home sales declining in September for the eighth consecutive month, according to a report from the National Association of Realtors (NAR). . Housing inventory also decreased last month, but just slightly, dropping from 1.25

Inventory 397

Inventory Mortgage Contracts Realtors 397

Eppraisal

APRIL 27, 2021

Qualify to Purchase a Home If you are thinking of purchasing a home, you must first be able to qualify for a mortgage. To qualify for a mortgage, you need steady employment and income. Renters just pay the monthly rent and the landlord pays the mortgage and all the other costs. You need good credit.

Property Taxes 50

Property Taxes Home Value Landlords Insurance 50

Listing Spark

OCTOBER 13, 2022

There is more inventory available and home sales are down. months of inventory, well below a balanced market of 6 months of inventory. In 2008, Austin and a lot of parts of Texas came out relatively unscathed.”. [00:08:58] 00:12:48] How mortgage rates impact the housing market and buyer preferences.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

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.”. from a year ago.

Contracts 421

Contracts Modernization Housing Market Mortgage 421

Houston Properties

JANUARY 13, 2021

In this analysis, we also show you current data along with key lessons from both the 2015 oil price crash and the 2008 great recession. Top Ranked Realtors: Paige Martin & The Houston Properties Team. In addition, mortgage rates are at an all-time low. We saw historically low home inventory buoyed by low-interest rates.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

NOVEMBER 22, 2021

The National Association of Realtors ‘ existing home sales report for October came in at a solid beat of estimates at 6.34 Not bad considering the low inventory and all that unhealthy home price growth we have seen since the start of 2020. This is something that couldn’t happen in the years 2008-2019. million and 6.2

Inventory 538

Inventory Housing Market Buyers Investors 538

Housing Wire

SEPTEMBER 19, 2023

Meanwhile, the available inventory of unsold homes is growing. This week, inventory grew faster than it did last year at this time. This week was the biggest week of inventory increase all year, with inventory growing by over 9,000 single-family homes. Last year, inventory climbed dramatically for months.

Housing Market 450

Housing Market Marketing Inventory New Listings 450

Housing Wire

DECEMBER 22, 2021

The National Association of Realtors reported that existing home sales for November came in hot at 6.46 million , so every single existing home sales print in 2021 has been higher than what we closed in 2020 — which was higher than any single year from 2008 to 2019. This number is above my sales trend peak of 6.2 million and 6.2

Inventory 508

Inventory Housing Market Investors Marketing 508

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. We don’t have any data that shows sales are crashing from this low level: this is key when looking at the future because it does give us a place to grow sales as long as mortgage rates fall. Remember, with median sales prices and inventory, it’s very seasonal.

Housing Market 473

Housing Market Inventory Contracts Marketing 473

Housing Wire

OCTOBER 21, 2021

The National Association of Realtors ‘ existing home sales report for September came in at an excellent beat of estimates at 6.29 Also, 2020-2021 will have more home sales from mortgage buyers than any single year from 2008-2019. This looks perfectly normal to me.

Realtors 540

Realtors Buyers Mortgage Inventory 540

Cornerstone

MARCH 12, 2021

The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. Low rates may lower a monthly mortgage payment, making now an ideal — and affordable — time to trade up or downsize. The short answer: Yes, it’s a prime time to sell.

Clients 62

Clients Sellers Loan Officers Real Estate 62

Housing Wire

JULY 21, 2022

This shift in foreclosure auction buyer behavior was likely the result of rising mortgage rates, which increased above the 4% threshold in March and have since risen well above 5%, approaching 6%. Atlanta-area Auction.com buyer Tony Tritt also survived the housing crash following the 2008 recession. That’s a safer range.”.

Housing Market 410

Housing Market Buyers Marketing Retail 410

Housing Wire

JULY 22, 2021

The National Association of Realtors reported existing home sales for the month of June were under their estimates slightly. As I anticipated, Americans are buying more homes with mortgages in the years 2020-2021 than any single year from 2008-2019. The seasonally adjusted annual rate of 5.86

Realtors 508

Realtors Housing Market Marketing Mortgage 508

Empire Appraisal Group

OCTOBER 28, 2021

Exuberant buying – with multiple offers and bidding wars – has become common across the country, reminiscent of the fevered market before the 2008 housing crash. In the years before 2008, mortgage lenders made subprime loans to borrowers without verified income or adequate down payments while pushing risky loan products.

Inventory 78

Inventory Housing Market Construction Real Estate 78