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

OCTOBER 20, 2022

Despite this drop, investment returns for home sellers is still up from 48.8% This has resulted in a growing supply of homes for sale, and in turn pushed home prices down (though not in every market). Metro results for home sellers. The post Where home seller profit margins are shrinking appeared first on HousingWire.

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Sellers Investing Housing Market Real Estate 352

Housing Wire

JANUARY 6, 2021

“In a red-hot housing market like Phoenix, RedfinNow is a great solution for people who need the cash from their current home to make a winning offer on their next,” Aleem said. “We We let sellers choose their closing date, so they have the money to complete their purchase and only have to move once.”

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Housing Market Marketing Open Houses Sellers 346

Housing Wire

APRIL 30, 2021

But the Scottsdale housing market, and Arizona as a whole, has seen an enormous uptick in out-of-state movers in the past 14 months — when the COVID-19 pandemic began spreading across the country, ultimately allowing people to work from home and seek larger, more cost-effective lots to live on. from 2010, per a recent U.S.

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Housing Market Marketing Real Estate Real Estate Agent 537

Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. Mortgage interest rates have risen quickly in the past few months further eroding affordability. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5

Realtors 367

Realtors Housing Market Marketing Buyers 367

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% All four U.S.

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Inventory Housing Market New Listings Buyers 464

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time. Other indices showed even higher mortgage rates.

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Mortgage Property Taxes Investors Buyers 358

Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. This sector on an apples-to-apples basis is more expensive than the existing home sales market. percent (±11.9

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Mortgage Inventory Housing Market Construction 427

Housing Wire

DECEMBER 21, 2022

. “The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. Plus, available housing inventory remains near historic lows.” I have never believed in this concept because of how the housing market credit channels work.

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Inventory New Listings Housing Market Sellers 495

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. Today, the average is 2.7

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Realtors Buyers Inventory Sellers 396

Housing Wire

APRIL 11, 2022

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. Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months. million to 1.93

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Inventory Housing Market Marketing Modernization 489

Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. Multiple offers, however, are still occurring, especially on starter and mid-priced homes, even as price concessions are happening in the upper end of the market.” All four U.S.

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Inventory Realtors New Listings Contracts 366

Housing Wire

MARCH 29, 2022

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. Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months. million to 1.93

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Inventory Housing Market Marketing Modernization 404

Housing Wire

MAY 30, 2023

On Tuesday the FHFA House Price Index hit an all-time high. In this article I’ll explain why this is happening and why we still have a savagely unhealthy housing market. I also recently joined Mike Simonsen’s Top of Mind podcast to talk about what’s happened in housing over the past year. Since Nov.

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Inventory Housing Market New Listings Marketing 435

Housing Wire

MARCH 9, 2022

From 2010 to 2020, middle-income households gained $2.1 trillion in housing wealth, according to a new study by the National Association of Realtors , released on Wednesday. “These escalating home values were no doubt beneficial to homeowners and home sellers,” Yun said in a statement. in 2010. .”

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Home Value Realtors Marketing Inventory 433

Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.

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Agents Buyers Sellers Inventory 372

Housing Wire

APRIL 20, 2023

The NAR data looks a bit backward, so if you want more fresh weekly data, I write the Housing Market Tracker every week on Sunday night to give you that information. One thing higher mortgage rates have done for sure is that home-price growth is cooling down noticeably since the big spike in rates. are different post-2010.

Inventory 512

Inventory Housing Market Marketing New Listings 512

Housing Wire

MAY 10, 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. The homeownership rate for Black Americans has actually declined between 2010 and 2020 and stands at 43.4%, while the homeownership rate for white Americans is 72.1%.

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Housing Market Realtors Buyers Inventory 387

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time.

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Inventory Housing Market Construction Marketing 480

Housing Wire

FEBRUARY 9, 2022

Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021. What happens when you have the best housing demographics ever, the lowest mortgage rates ever, and all-time lows in inventory?

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Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021. What happens when you have the best housing demographics ever, the lowest mortgage rates ever, and all-time lows in inventory?

Inventory 366

Inventory Buyers Sellers Investors 366

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. One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. New listings are declining now.

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Inventory New Listings Law Housing Market 379

Will Springer Realtor

AUGUST 15, 2023

Variations between the two years are stark, to say the least: A “re-evaluation” for future buyers can be defined as consumers determining when to jump (or jump back) into the home-search pool as mortgage rates appear stuck around 7.0%. Mortgage rates are high, home prices are high, there’s no inventory.” on the Eastside.

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Sellers Buyers New Listings Inventory 60

Housing Wire

AUGUST 1, 2023

All year, the strength of homebuyer demand and the tight supply of homes for sale has meant that the market pretty rapidly found a floor on the home-price correction of 2022. After the mortgage rate spike in September 2022, we got significantly more bearish on home prices for 2023. If mortgage rates increase to the 7.5%

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Inventory Contracts Buyers Mortgage 329

Will Springer Realtor

DECEMBER 12, 2023

The Seattle area housing market right now reads like a mystery novel with half the pages missing. The optimism comes from signals in economic data that show improving conditions and a likely end to rising mortgage rates in the coming months – a story that we are all looking forward to reading. units, a 13-year low.

Housing Market 42

Housing Market Marketing New Listings Buyers 42

Cornerstone

OCTOBER 26, 2021

As CoreLogic’s Chief Appraiser Shawn Telford explains : “Recently, we observed buyers paying prices above listing price and higher than the market data available to appraisers can support. The more you know, the easier it is to find the right mortgage. Expect an appraisal gap if you see these market conditions.

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Sellers Buyers Appraisal Loan Officers 57

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. KEY RESOURCES: Study Of How Previous Pandemics Affected The Real Estate Market.

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Housing Market Marketing Real Estate Realtors 68

Housing Wire

DECEMBER 20, 2021

While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. In 2015, the family paid $250,000 for a 2,900-square-foot house in Ormond Beach, Florida. “They’ve had a manageable budget due to mortgage forbearance. .

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Mortgage Government Contracts Insurance 304

Will Springer Realtor

DECEMBER 19, 2023

Buyers and sellers tiptoed through caution. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises. In an economic downturn, the housing market typically experiences slower sales and lower prices.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

JUNE 9, 2021

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. Adjustable-rate mortgages were cheap and easy to acquire, home prices were artificially inflated and supply plentiful.

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Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

OCTOBER 10, 2023

We are starting to see all of those signs following the release of September housing data from the Northwest Multiple Listing Service (MLS). Unfortunately for buyers, a combination of the typical seasonal trend and higher borrowing costs has slowed housing market activity to an excruciatingly slow pace – and there are concerning signs ahead.

Buyers 64

Buyers Inventory Sellers Housing Market 64

Will Springer Realtor

SEPTEMBER 12, 2023

There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. Unlikely. “I There are 7.4%

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Finance Inventory Construction Buyers 68

Will Springer Realtor

FEBRUARY 13, 2024

The Seattle/King County housing market appears to have come through the worst of times with a slightly stronger showing in January than in previous months. Annual sales across King County totaled 21,515 homes – down an incredible 24% from the year before and the fewest since 2010 (20,761). higher than in January 2023.

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New Listings Buyers Inventory Lending 54

Assurance Financial

NOVEMBER 9, 2021

The real estate market has fluctuated significantly over the past few decades, with a median sales price difference of $195,900 in the last 20 years alone. With these constant housing market shifts, it can be challenging to determine the best time to buy or sell a house. Marketing Strategies. Power Dynamic.

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Marketing Sellers Buyers Real Estate 36

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines. when rounded up) on an annual basis – is the lowest since October 2010.

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. What’s next?

Real Estate 36

Real Estate Buyers Construction Sellers 36

Will Springer Realtor

MAY 9, 2022

DID SOMEBODY SAY, ‘HOUSING BUBBLE?’. Are we in a housing bubble? The housing market has become bubbly,” said economist Enrique Martinez-Garcia of the Federal Reserve Bank of Dallas. He was one of the authors of a recent report that found signs of a housing bubble in the real estate market.

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Architecture Design Buyers Construction 36