Housing Wire

FEBRUARY 20, 2024

million homeowners added between 2012 and 2022. in 2012 to 65.2% But it fell slightly from 2021 (65.4%) due to higher mortgage rates and inventory constraints. The dream of homeownership is becoming more attainable for many Americans, with 10.5 Some racial minorities also witnessed a surge in their homeownership rates.

Buyers 405

Buyers Inventory Realtors Mortgage 405

Housing Wire

FEBRUARY 7, 2024

After closing out 2023 with its first annual membership decline since 2012, the National Association of Realtors is still struggling with its membership count. However, the 85,049 agents lost between October 2022 and January of 2024, is still well below the 400,000-agent drop recorded between 2008 and 2012. This is down 2.1%

Realtors 408

Realtors Agents Brokerage Inventory 408

Housing Wire

JUNE 8, 2022

For over a decade, a lot of people didn’t believe in housing inflation but in the deflationary housing story, which hasn’t ended well for them since 2012. 2012: What they said: Shadow inventory will cause prices to fall. The reality: Inventory broke down in 2012, and the monthly supply data got below 6.0

Inventory 545

Inventory Housing Market Marketing Mortgage 545

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. Housing inventory issue with no booming demand. crash, especially from 2012-2019. million listings.

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Inventory New Listings Law Housing Market 382

Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., “In many areas of the country, that dynamic – low inventory and a modest rise in demand – led to an uptick in home prices.”

Inventory 393

Inventory New Listings Housing Market Mortgage 393

Housing Wire

JUNE 28, 2022

growth for its top 20 city composite, and now you know why my most significant concern for housing was home prices overheating , not crashing like people have warned about from 2012-2021. million total housing inventory data as that is the level of inventory that would change my thesis that this is a savagely unhealthy market.

Housing Market 449

Housing Market Marketing Inventory Investors 449

Housing Wire

MAY 19, 2022

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 were told that population growth is slowing, we were told that Americans would panic sell and that massive inventory would hit the marketplace once rates got to 4%. million and 1.93

Housing Market 520

Housing Market Marketing Inventory Realtors 520

Housing Wire

NOVEMBER 19, 2020

Second, if the next existing home sales report misses expectations, you may be told that this is due to a lack of inventory. Remember, lower inventory tends to go with higher sales — and higher sales means folks are buying homes…therefore…I know you are following me here… there must be homes to buy. . Don’t listen.

Housing Market 545

Housing Market Marketing Inventory Buyers 545

Housing Wire

MARCH 18, 2022

Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month NAR Research : Unsold inventory sits at a 1.7-month However, negative year-over-year inventory is not what we want to see.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

NOVEMBER 9, 2022

Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. Post-2012, whenever mortgage rates rise, existing home sales always trend below 5 million. The glaring difference between now and 2014 is that total inventory levels are roughly 1 million lower now than the peak of 2014.

New Listings 482

New Listings Inventory Housing Market Sellers 482

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

APRIL 23, 2021

Homes sold in March were on the market for 21 days, per the report, the shortest period between listing and sale since 2012. But the NAR reported this week that home sales in March fell for the second month in a row as inventory plunged and home prices climbed to record levels. Home prices in the U.S. But with a third of U.S.

Inventory 433

Inventory Housing Market Realtors Marketing 433

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.” Housing inventory. Today, inventory is almost 900,000 active listings below the lowest level of the four-decade average between 2 million and 2.5

Inventory 519

Inventory New Listings Housing Market Sellers 519

Housing Wire

DECEMBER 7, 2022

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 million Historically inventory levels range between 2 million and 2.5

Housing Market 543

Housing Market Mortgage Marketing Inventory 543

Housing Wire

OCTOBER 12, 2020

Here is another precedent: Back in 2012, our housing bear buddies kept insisting that the housing market had 4 million to 5 million homes in what they called shadow inventory. Shadow inventory refers to homes in foreclosure that banks are holding off the market. Housing data started to soften in 2005 after an overheated market.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

JANUARY 16, 2024

This has put a strain on the inventory of three-bedroom-plus homes, making it harder for a millennial to buy one. Still, some boomers are ready to downsize into a condo or move somewhere new for retirement, and the mortgage-rate lock-in effect is starting to ease–so even though there won’t be a flood of inventory , there will be a trickle.”

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Inventory Home Value Mortgage Buyers 443

Housing Wire

JUNE 22, 2021

For the NAR, this is a record high and marks 111 straight months of year-over-year gains since March 2012. “Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” said Lawrence Yun, NAR’s chief economist.

Inventory 409

Inventory Buyers Realtors Housing Market 409

Housing Wire

MAY 18, 2023

If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022. Instead, active listings are near all-time lows, which wasn’t the case from 2012-2019. NAR Total Inventory Data going back to 1982. housing market inventory channels have changed due to how the U.S. million, up from 1.03 million last year.

Housing Market 535

Housing Market Marketing Inventory Mortgage 535

Housing Wire

APRIL 7, 2022

Mortgage credit availability dropped in March, a sign that lenders tightened credit standards amid insufficient inventory of homes for sale and rising mortgage rates. A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit.

Mortgage 359

Mortgage Government Inventory Lending 359

Housing Wire

JULY 12, 2022

A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening, while an increase suggests loosening credit. . The monthly Mortgage Credit Availability Index (MCAI) fell by 0.3% in June, according to the Mortgage Bankers Association. Credit availability was mixed by loan type.

Mortgage 381

Mortgage Government Inventory Lending 381

Housing Wire

DECEMBER 10, 2021

The index benchmarks to 100 in March 2012; a higher number portends more mortgage credit availability. In the meantime, rates remain low and stable, even as the nation faces declining housing affordability and low inventory.”. The MBA Mortgage Credit Availability Index overall fell by 0.6% in November.

Mortgage 396

Mortgage Government Inventory Investing 396

Housing Wire

JUNE 12, 2023

Established in 2012, HomeZada is a fully integrated, cloud-based platform dedicated to digital home management.

Project Management 366

Project Management Design Insurance Technology 366

Housing Wire

MARCH 31, 2022

crew, this would mean home prices would have to get back to 2012 in a short amount of time. since the 2012 lows and that is the magnitude of decline we would need to see to justify using the term “housing bubble.” Especially in a year when inventory has crashed to all-time lows and demand for those houses is still so high.

Housing Market 525

Housing Market Inventory Lending Marketing 525

Padove Appraisal Service

DECEMBER 10, 2022

A key statistic is the inventory of homes offered for sale. Months of inventory reflects how many months it would take to sell the current inventory of homes, at the current rate of sales. Below is a graph of monthly inventory for the past year. Current inventory levels are well above the previous months’ supply.

Marketing 147

Marketing Inventory Buyers Sellers 147

Housing Wire

AUGUST 15, 2023

Despite persistent inflation challenges, a volatile mortgage market and limited inventory, Keller said it was still a good time to buy a house. “It million sales in 2021, but roughly the same as 2009 to 2012. “If Keller kicked off the first day of the two-day gathering by offering his take on the housing market and economic conditions.

Agents 362

Agents Marketing Real Estate Housing Market 362

Housing Wire

NOVEMBER 4, 2021

Now the need for new housing supply is acute : 12 million households have formed since 2012, yet only 10 million units were built during that time, per an analysis of Bureau of Labor statistics by the National Association for Home Builders. Top markets for affordable renovated housing inventory.

Construction 523

Construction Renovations Training Development 523

Housing Wire

JUNE 9, 2022

A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening while an increase suggests loosening credit. Mortgage credit availability dipped for three consecutive months, largely due to shrinking refinance loans, according to the monthly Mortgage Credit Availability Index , (MCAI) which fell by 0.9%

Mortgage 347

Mortgage Government Inventory Lending 347

Eyes on Housing

MARCH 21, 2023

in February per Freddie Mac and the median sales price in February posted the first decline since February 2012. A brief drop in mortgage rates and a pullback in home prices boosted existing home sales in February, according to the National Association of Realtors (NAR). The 30-year mortgage rates averaged less than 6.3% Read More ›

Realtors 177

Realtors Mortgage Inventory 177

Housing Wire

APRIL 26, 2021

The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year. That’s also 16 days fewer than the same period in 2020.

Sellers 450

Sellers Housing Market Marketing Buyers 450

Housing Wire

OCTOBER 21, 2020

Housing inventory and prices. Given the low interest rates that are driving demand, housing inventory has become a rising concern. MBA Associate Vice President of Industry Analysis Joel Kan explained that current inventory rests at just a three-month supply. Profitability.

Mortgage 397

Mortgage Inventory Housing Market Construction 397

Housing Wire

MAY 6, 2022

Lenders can’t significantly impact the historically low inventory. Deephaven has been doing non-QM since 2012. Lastly, compounding the demand, the Millennial cohort , the largest generational population of all time, is entering their first home buying years. So instead, they must find a way to win a greater share of borrowers.

Marketing 342

Marketing Lending Loan Officers Training 342

Housing Wire

MARCH 22, 2023

in February from the previous year to $363,00 — the first year-over-year decline since February 2012. Home prices, which in February posted the first yearly decrease in 11 years, won’t be impacted by the Fed’s quarter-point increase, Green noted. The national median existing-home sale price fell 0.2% Median prices were down 12.3%

Mortgage 380

Mortgage Sellers Buyers Housing Market 380

Housing Wire

JUNE 2, 2023

The deal comes at a time when a lack of for-sale home inventory is boosting the appetite for homebuilders. Founded in 2012, the Pretium platform capitalizes on investment and lending opportunities and has more than $50 billion of assets with real estate investments across 30 markets in the U.S, according to the firm.

Real Estate 393

Real Estate Investors Investing Housing Market 393

Housing Wire

SEPTEMBER 23, 2022

While the nation suffers from a severe housing shortage, lower mobility can make housing inventory even tighter and cause home prices to continue escalating.” ” However, the median-priced home is worth about $80,000 more than in 2020 and $200,000 more than in 2012. ” Where is the housing market heading?

Housing Market 370

Housing Market Marketing Mortgage Buyers 370

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. The velocity of inventory rising in the next three months is limited. April 2022: Inventory has not recovered. Can this last?

Housing Market 393

Housing Market Marketing Inventory Lending 393

Housing Wire

MAY 9, 2022

Home-price growth has seen many levels post-1996; the reality is that demand has been stable enough to keep inventory at bay (outside the housing bubble credit boom and bust). The housing crash premise that home prices have to go back to 2012 levels is crazy. Bond yields and rates took off from that point.

Buyers 527

Buyers Housing Market Mortgage Marketing 527

Housing Wire

DECEMBER 29, 2021

After failing from 2012-2019, they went all in during 2020 due to COVID-19, only to move the goalpost to 2021 due to forbearance. Not the best of news as we start year three of that time period with a solid possibility of new all-time lows in inventory this spring. The housing crash addicts in America have now been wrong for a decade.

Housing Market 529

Housing Market Marketing Construction Mortgage 529