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

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Inventory Housing Market Marketing Realtors 506

Housing Wire

JUNE 8, 2022

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 The “shadow inventory” was not an issue as it took years to get rid of the distressed supply from the housing bubble years. million of inventory is normal.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

APRIL 20, 2022

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. However, post-2010, we have had times when housing demand has gotten softer with higher mortgage rates. 2014 was the last year total inventory grew.

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Housing Market Marketing Inventory Mortgage 479

Housing Wire

NOVEMBER 9, 2022

Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. In the summer of 2020, I talked about how the housing market would change, but it needed the 10-year yield to break over 1.94%, which roughly means 4% plus mortgage rates. We saw this happen in 2013-2014 and 2018-2019.

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New Listings Inventory Housing Market Sellers 469

Housing Wire

JUNE 15, 2022

Mohtashami focused on the latest inventory and the Federal Reserve’s rate hike announcement. In 2013-2014, when rates jumped very fast, this index trended down by negative 20% year over year to hit an adjusted population all-time low in 2014. How will the announcement impact mortgage rates? What do you expect to hear?

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Inventory Investors Retail Housing Market 338

Housing Wire

MAY 12, 2021

Even with historically low levels of inventory, rising mortgage rates and uneven job growth, experts still believe 2021 will be a record year for home sales. trillion in home sales this year, a 17% increase year over year — the largest annual percentage increase since 2013, and a number that, if reached, would be a record high.

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Housing Market Inventory Mortgage Market Value 403

Appraisal Buzz

JUNE 13, 2024

Verisk’s Index has risen by 65.88% since its inception in January 2013, and the Mountain Region continued to have the highest overall cost increases over the period covered by the Index, rising 70.92 points since Q1 of 2014. Will the numbers rise?

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Renovations Inventory Marketing Housing Market 221

Housing Wire

MAY 9, 2022

housing market is more tied to mortgage buyers. Unlike those two cities in Canada, we aren’t as reliant on foreign buyers to such a great extent. foreign buyers have always been less than 300,000 of total home sales for many years. When mortgage rates rise, two things always happen here in America.

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Housing Market Buyers Mortgage Marketing 526

Housing Wire

OCTOBER 23, 2020

In the third quarter, luxury home sales jumped 41.5% , the biggest year-over-year shift since 2013, according to Redfin. While the Palm Beach housing market has not seen a lot of bidding wars, Koch said that a lot of the inventory has been absorbed and properties are getting multiple offers. 1, and runs through May 1.

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Housing Market Marketing Real Estate Agent Real Estate 534

Housing Wire

APRIL 22, 2024

There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer! Many of us are in sellers’ markets with very low inventory. If you don’t have active buyers, ask around the office.

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Real Estate Open Houses Brokerage Real Estate Agent 337

Housing Wire

APRIL 18, 2023

In a cyclical mortgage industry, hedging is key to maintaining a buffer against losses. Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house.

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Lamacchia Realty

MARCH 24, 2022

In an unforeseen twist to the market, Tuesday saw 30-year mortgage rates reach 4.72% and surpass the level they weren’t predicted to reach until the end of the year. Mortgage News Daily. With the rates from last month at 3.92%, the monthly mortgage payment would have been $1,891.26. What does this mean for buyers?

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Mortgage Sellers Buyers Realty 57

Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. Inventory is still showing negative year-over-year data.

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Housing Market Marketing Mortgage Inventory 492

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. million line in the sand has been this: Home prices grow above that 23% level: check Mortgage rates spike higher: check.

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Mortgage Inventory Housing Market Construction 443

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. How can housing inventory be so low today when it skyrocketed back in 2009? I don’t believe housing inventory below 1.52 The housing market shifted in March of this year.

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Inventory Housing Market Construction Marketing 495

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At We are still going to suffer from lack of inventory.”

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Housing Market Buyers Agents Marketing 394

Housing Wire

NOVEMBER 16, 2023

Mortgage demand for new homes jumped in October as the inventory for existing homes remained depleted. Mortgage applications for new-home purchases rose 39.7% in October on a year-over-year basis and were up 6% from the previous month, according to the Mortgage Bankers Association (MBA) Builder Application Survey for October.

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Mortgage Construction Inventory Buyers 428

Housing Wire

MARCH 18, 2021

Home prices have skyrocketed in the past year, and data from Redfin backs up what buyers, sellers, and agents have known for months. year-over-year to $336,200 in February – the largest increase since July 2013, according to the latest report from Redfin. The national average of home prices rose 14.4% by the end of 2021.

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Buyers Sellers Inventory New Listings 545

On Q Financial

FEBRUARY 22, 2021

As a result, buyers should want to find any ways to save on the final price tag. The market shifts seasonally, and inventory is constantly fluctuating. For example, inventory is typically higher in the summer than in winter, but prices may be higher at the beginning of summer vs. the end. Time of Year.

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Real Estate Agent Inventory Sellers Finance 68

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month New Home Supply.

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Inventory Construction Government Housing Market 543

Housing Wire

MARCH 23, 2021

to a seasonally adjusted annual rate of 775,000 in February — the sharpest month-over-month decline since 2013, according to estimates by the U.S. While some economists pointed to harsh weather as a likely deterrent of February home sales, others noted the plague of rising home prices, limited inventory and the uptick in mortgage rates.

Construction 527

Construction Buyers Development Contracts 527

Housing Wire

OCTOBER 21, 2022

year-over-year decline in existing home sales in September and total inventory has now fallen on back-to-back reports. Earlier in the year, I labeled this a savagely unhealthy housing market based on the premise that Inventory would break to all-time lows, creating forced bidding and causing days on the market to collapse.

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Housing Market Inventory New Listings Mortgage 284

Appraisal Today

DECEMBER 8, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable? Investor purchases of U.S.

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Appraisal Real Estate Contracts Design 69

Housing Wire

FEBRUARY 23, 2021

Then, mortgage rates plummeted to historic-lows , opening the homebuying floodgates and propelling prices skyward. Rates have slowly climbed back towards 3% in the past few months, but inventory is still low , keeping prices high. Of course, this is all fantastic news for anyone looking to sell their home in 2021. December 2020’s 10.4%

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Inventory Finance Contracts Construction 427

Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9%

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Inventory Sellers Buyers Contracts 50

Housing Wire

AUGUST 23, 2022

Tuesday’s new home sales report missed expectations and had negative revisions, which isn’t surprising given this sector of our economy simply can’t handle higher mortgage rates. We had missed sales estimates in 2013, 2014 and 2015. It’s more complicated with mortgage rates near 6% than with mortgage rates near 4%.

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Construction Housing Market Sellers Marketing 370

Cleveland Appraisal Blog

JANUARY 5, 2023

How have the rapidly increasing mortgage interest rates impacted the housing market in Northeast Ohio? While we still have a significant shortage of housing inventory in Cuyahoga County, we had more active listings last month than we had in December 2020 and 2021. Something else to watch is housing inventory.

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Housing Market Marketing Appraisal Inventory 369

Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S.

Buyers 36

Buyers Development Construction New Listings 36

Birmingham Appraisal

FEBRUARY 13, 2024

Understanding these metrics enables agents to adjust pricing strategies based on inventory levels and buyer demand, optimizing the chances of selling a property quickly and at the best possible price. In the second post of my series , we covered average and median sold prices, average days on the market, and months of inventory.

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Real Estate Buyers Inventory Appraisal 60

Clear Capital

AUGUST 30, 2021

Note that due to unprecedented conditions in spring 2020 (due to COVID restrictions) and tight inventory in spring 2021, the year-over-year numbers based upon paired sales in certain rapidly-rising markets (like Phoenix) may be overstated. Fortunately, we do have some history to point to — the taper tantrum of 2013.

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Marketing Real Estate Inventory Construction 69

Appraisal Today

OCTOBER 14, 2022

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. NOTE: Please scroll down to read the other topics in this long blog post on Reviews and Revisions, AMC layoffs, real estate market, unusual homes, mortgage origination stats, etc. ==. 156-acre site.

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Appraisal Insurance Real Estate Business 52

Housing Wire

MARCH 8, 2021

Demand for homes will be bolstered by an improving job market, favorable demographic trends, and mortgage rates that, while rising, are still low from a historical perspective. The improving economic picture is putting upward pressure on mortgage rates, which have moved above 3% in recent weeks for 30-year fixed-rate loans.

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Supply Chain Inventory Construction Marketing 531

Will Springer Realtor

APRIL 11, 2022

Parking stalls in the Puget Sound region increased by 13% from 2013 to 2018, while the population increased by 9% and housing rose by only 6%, according to local data sources. This year’s buying and selling campaign will be marked by increasing inventory (good!), Mortgage rates have risen by about 1.6 BY THE NUMBERS. >>

Construction 36

Construction Development Inventory Buyers 36

Will Springer Realtor

MARCH 14, 2022

Most home buyers focus on the direction of interest rates. Interest rates on a 30-year mortgage have slipped since the start of the conflict, now averaging 3.76% in the U.S., My lender friends in Seattle are quoting mortgage rates of around 4% (plus or minus an-eighth of a point), depending on individual circumstances. “It’s

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Housing Wire

DECEMBER 10, 2023

Housing inventory is near all-time lows, but big institutional investors like Invitation Homes or BlackRock aren’t to blame. The first chart below, provided by Freddie Mac , shows where large institutional buyers rank as a percentage of the marketplace. The 1000-plus block buyers accounted for just 0.4% of market share in Q2.

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Investors Inventory Buyers Real Estate 523