Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Plus, available housing inventory remains near historic lows.” ” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well.

Inventory 525

Inventory New Listings Housing Market Sellers 525

Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter.

Mortgage 516

Mortgage Inventory New Listings Sellers 516

Housing Wire

DECEMBER 7, 2022

These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

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. Case in point, purchase application data is already below 2008 levels today. million listings.

Inventory 382

Inventory New Listings Law Housing Market 382

Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

Sellers 382

Sellers Inventory Housing Market Buyers 382

Housing Wire

OCTOBER 3, 2022

The housing market has not seen such a significant two-month drop in prices since shortly after the collapse of Lehman Brothers in winter of 2008, Black Knight said on Monday. “Historically low inventory – along with record low interest rates – was one of the key drivers behind U.S. months of for-sale inventory to 3.1

Inventory 523

Inventory Home Value Housing Market Mortgage 523

Housing Wire

APRIL 14, 2023

The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market. Homebuyers placed competitive offers on homes while inventory grew increasingly difficult to find. In March of 2022, sellers received an average of 5.5 Today, the average is 2.7

Realtors 424

Realtors Buyers Inventory Sellers 424

Housing Wire

JANUARY 5, 2024

As a real estate agent , it’s essential to stay aware of significant changes in interest rates and how they may affect market conditions so you’re better equipped to advise your buyers and sellers on everything from housing affordability to availability. Back then, the FOMC lowered the rate to near zero, where it remained for several years.

Real Estate 433

Real Estate Agents Marketing Sellers 433

Housing Wire

DECEMBER 29, 2022

There are similarities and significant differences between the housing recession we’ve seen this year versus 2008, and looking at specific factors in both timeframes gives us an idea of what to expect in 2023. Let’s look at the recessionary factors we see now versus 2008. Housing inventory. Home sales.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

MAY 2, 2023

And there’s another thing that separates the housing market from other markets — the buyer is often also the seller. In most markets, the seller, or supplier, makes their decision about adding supply to the market independent of the buyer, or source of demand, and their decision to buy. years in March 2023, according to recent data.

Housing Market 393

Housing Market Marketing Sellers Inventory 393

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 506

Inventory Housing Market Marketing Realtors 506

Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., “With buyer demand continuing to outpace the previous year’s levels amid historically lowest inventory of for-sale homes, the pressure on home prices is going to fuel home price growth in the first half of 2021,” Happ said. .

Inventory 544

Inventory Housing Market Buyers Sellers 544

Housing Wire

AUGUST 28, 2023

These organizations were intended to function as a mortgage industry firewall in the aftermath of the 2008 financial crisis, acting as middlemen between lenders and appraisers and overseeing the logistics of property appraisal processes. Meanwhile, 39% said they had challenges finding sellers.

Appraisal 370

Appraisal Logistics Valuation Appraisal Process 370

Housing Wire

APRIL 11, 2023

Last week’s listings rate remained super low and available inventory of homes for sale fell again by almost 1% to 410,000, according to Altos Research. HousingWire: How have the current mortgage rate and inventory challenges impacted the direction of Corcoran’s marketing strategies?

Marketing 370

Marketing Agents Inventory Sellers 370

Cleveland Appraisal Blog

OCTOBER 14, 2021

Others have expressed concerns that we are headed for a housing crash, like in 2008. Let’s talk about the difference between today’s market and the one during the years leading up to the bursting of the housing bubble in the Great Recession of 2008. THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Housing Wire

JUNE 28, 2022

Even today, the MBA purchase application index is below 2008 levels. The housing market can’t replicate the type of massive credit expansion we saw from 2002-2005, so the price-growth story has more to do with inventory collapsing to all-time lows. The reality is that home sellers and builders had too much pricing power.

Housing Market 450

Housing Market Marketing Inventory Investors 450

Housing Wire

FEBRUARY 27, 2024

SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. Use AI-powered lead generdation to identify high-priority sellers. Access leads immediately — directly in your inbox. Automated marketing: Yes.

Advertising 424

Advertising Tools Real Estate Sellers 424

Housing Wire

OCTOBER 1, 2022

The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices.

Realtors 393

Realtors Housing Market Marketing Buyers 393

Listing Spark

JUNE 21, 2022

The real estate industry has been experiencing some shifting trends lately, and when compared to the last crash, there are plenty of factors that make this time different from 2008. Back then, terrible lending regulations, a surplus of inventory, and little to no equity for homeowners was a recipe for disaster. in April and 8% in May.

Sellers 69

Sellers Housing Market Marketing Inventory 69

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.

Inventory 68

Inventory Construction Real Estate Renovations 68

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. How can housing inventory be so low today when it skyrocketed back in 2009? Now don’t get me wrong: demand is better in 2020 and 2021 than in any single year from 2008 to 2019. I don’t believe housing inventory below 1.52 What is going on here? housing market.

Inventory 519

Inventory Housing Market Construction Marketing 519

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings. It is very busy. Literally since Jan.

Insurance 414

Insurance Inventory Marketing Real Estate 414

Housing Wire

AUGUST 28, 2020

The first is listing tools – the products designed for you to convert potential sellers into listing contracts. And the last area is seller tools or companies that help to convert lookers to buyers (I could probably have thought of a better name here). Seller tools / Buyer conversion tools. It can also do a lot more than that.

Tools 308

Tools Sellers Real Estate Contracts 308

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 498

Inventory Housing Market Marketing Modernization 498

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 404

Inventory Housing Market Marketing Modernization 404

Housing Wire

MAY 25, 2023

Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems. Additionally, because HECM /Reverse for Purchase did not exist until late 2008, many don’t fully understand the value propositions the product poses. “We

Loan Officers 393

Loan Officers Real Estate Agent Real Estate Finance 393

Housing Wire

FEBRUARY 8, 2024

Altos considers anything above 30 to be indicative of a seller’s market. Real estate professionals throughout the state attribute the resilience of the state’s housing market to its perpetually low inventory problem. Like the Chicago suburbs, Peoria’s desirability has put a strain on the city’s already tight housing inventory. “We

Inventory 433

Inventory Agents Housing Market Luxury Properties 433

Housing Wire

APRIL 25, 2023

You know, the one that says we have too much inventory and millions of vacant homes in the U.S.? The truth is, it’s not 2008 all over again. I understand the lure of the housing 2008 story. This is where understanding how credit channels impact housing inventory would have helped.

Inventory 477

Inventory Housing Market Construction Marketing 477

D Fritz Appraisals

JUNE 28, 2022

Significantly reduced housing inventory. At the same time, inventory of available homes dropped significantly and BCREA Chief Economist Brendon Ogmundson is quoted as saying ‘While sales are not keeping pace with the unprecedented levels seen [in 2021], demand remains strong’. Higher disposable household income .

Real Estate 105

Real Estate Marketing Inventory Housing Market 105

Housing Wire

OCTOBER 15, 2020

In 2008, 2009, it was triage. That competition helped lift average price execution (winning bid as percentage of seller reserve) for vacant REOs to 104.8% Seeking new inventory sources. It’s not solved, but the vacant property issue is much more manageable,” Alvarado said. “In We were struggling to get control of blocks.”.

Buyers 333

Buyers Development Renovations Retail 333

Housing Wire

MAY 14, 2023

Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. Weekly housing inventory Well, the best thing I can say for spring 2023 inventory is that we found the seasonal bottom a few weeks ago. This link explains the difference.

Housing Market 457

Housing Market Marketing Inventory New Listings 457

Eppraisal

MAY 12, 2021

This is a direct result of the historically low inventory of homes available for sale as buyers are competing for homes. Buyers are placing their best offers to get sellers to choose them. Some sellers are even asking buyers to waive appraisals. We haven't seen a seller's market like this in a long time. month-over-month.

Sellers 67

Sellers Real Estate Buyers Home Value 67

Eppraisal

SEPTEMBER 22, 2021

There is a lot of buzz among the general public as to if and when there will be a real estate market crash like the one in 2008. The inventory of homes available are historically low as well. According to an article on Realtor.com, written by Danielle Hale, "The national inventory of active listings declined by 25.8%

Real Estate 45

Real Estate Marketing Inventory Home Value 45

Housing Wire

FEBRUARY 24, 2023

I wouldn’t read too much into the fact that this new home sales report beat estimates, but I would say that in the future, if mortgage rates get back toward 6%, the homebuilders have creative ways to sell their homes that the existing home seller might not be inclined to do. However, this isn’t how inventory grows in America.

Inventory 477

Inventory Construction Housing Market Mortgage 477

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. Housing Inventory. Home price s. million in 2023.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Listing Spark

OCTOBER 13, 2022

What should buyers and sellers be doing right now? How the housing market affects the rest of the economy How to approach the current housing market as a seller Final advice for buyers in the current housing market Are buyers pulling out of contracts at the last minute? How to vet real estate agents as a seller. Key takeaways.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much.

Mortgage 483

Mortgage Inventory Housing Market Construction 483