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. In 2013-2014, rates rose, and you see the lower trend in sales back then. 2014 was the last year total inventory grew. million and 6.16

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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 Rate above 7% made things even worse.

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Housing Market Mortgage Marketing Inventory 544

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. On a sour note, we still need more inventory to return to normal. Once we hit 1.52-1.93

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Housing Wire

NOVEMBER 9, 2022

Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. We saw this happen in 2013-2014 and 2018-2019. The glaring difference between now and 2014 is that total inventory levels are roughly 1 million lower now than the peak of 2014. nominal per year at most.

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New Listings Inventory Housing Market Sellers 490

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.

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Inventory Mortgage Housing Market Marketing 538

Housing Wire

AUGUST 3, 2022

People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% We saw this in 2013-2014 and 2018-2019. Also, we have to know that we aren’t working from a high level of inventory data as well. Traditionally, total inventory ranges between 2 to 2.5 NAR total inventory data.

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Housing Wire

MAY 6, 2022

Some historical references: The last two times rates rose, this is what we saw — 2013/2014 negative — 20% year over year trend 2018 purchase application data was flat to slightly positive all year long; we only had three mild negative years over year prints when rates headed to 5%. This data line is trend survey data.

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Inventory Housing Market Marketing Construction 352

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 Wire

JULY 30, 2021

In 2020, the S&P CoreLogic Case-Shiller price index reported the highest annual housing growth since 2013. Due to low inventory, sellers are able to put their homes up at a higher rate. And with today’s low interest rates, buyers have been rushing to purchase what’s available.

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Housing Wire

JANUARY 8, 2021

In the new year, Mortgage Bankers Association chief economist Mike Fratantoni said the lack of inventory is the biggest constraint to further growth in home sales for 2021. Despite builder confidence hitting a 35-year-high in November , the census bureau still estimates new home sales have just over a four-month supply.

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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?

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Inventory Housing Market Marketing Modernization 504

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? As you can see below, the inventory keeps falling from 2014 levels, and even with the weakness in demand this year, we are nowhere close to 2013 levels, let alone 2018 levels. housing market.

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Inventory Housing Market Construction Marketing 515

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?

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Inventory Housing Market Marketing Modernization 410

Housing Wire

NOVEMBER 2, 2020

The last time we had a consistent downtrend in existing home sales was back in 2013-2014. We saw this in 2018 and then spent the entire year of 2019 selling off the excess inventory. This level of inventory means new home sales are doing ok, not great. It was more noticeable than what we saw in 2018.

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Housing Market Marketing Inventory Design 545

Housing Wire

APRIL 18, 2023

Rick: It does deserve noting that Patty started the initiative for Latino lending back in 2013. My biggest concern, to be honest, is inventory. Inventory is lighter now than I think it’s been in decades. It feeds inventory to the market that benefits the new first-time homebuyers.

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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 536

Housing Wire

FEBRUARY 29, 2024

Bureau of Labor Statistics from 2013 to 2023. This is according to an analysis conducted by Point2 , which examined metrics including single-family and multifamily completions in 2023, as well as corresponding permits issued. The findings are based on historic data from the U.S. Census Bureau and the U.S.

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Inventory Supply Chain Construction Buyers 419

Housing Wire

APRIL 22, 2024

Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce. About Ashley Harwood Ashley Harwood began her real estate career in 2013 and built a six-figure business as a solo agent before launching Move Over Extroverts in 2018. Are you considering selling your property?

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Real Estate Open Houses Brokerage Real Estate Agent 360

Housing Wire

OCTOBER 2, 2020

Like other mortgage firms, California-based AmeriHome has captured a glut of business over the last year due to low interest rates and paltry inventory. ” AmeriHome, founded in 2013, operates correspondent and consumer direct channels , and also sports a related servicing division.

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Valuation Mortgage Business Modernization 254

Housing Wire

MAY 9, 2022

We saw this in 2013-2014 and 2018-2019. 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). When mortgage rates rise, two things always happen here in America. The growth rate of home prices slows down.

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Buyers Housing Market Mortgage Marketing 530

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. From 2013 to 2022 I forecasted price growth every year.

Housing Market 541

Housing Market Marketing Inventory New Listings 541

Housing Wire

OCTOBER 15, 2020

Seeking new inventory sources. If you had asked me about gentrification in Newark in 2012 and 2013, I would have told you I’m not worried about gentrification; we just need to get properties re-occupied. They have proven that they can efficiently return these distressed vacant properties to occupancy.”.

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Buyers Development Renovations Retail 339

Housing Wire

APRIL 15, 2022

The home-price growth from 2020 through 2022 has been so unhealthy that I’ve labeled this a savagely unhealthy housing market as inventory has once again collapsed on a year-over-year basis in 2022. Inventory is still showing negative year-over-year data. The last time this data line was fragile was back in 2013-2014.

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Housing Market Marketing Mortgage Inventory 500

Housing Wire

MARCH 23, 2022

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. They’re mindful of higher rates because in 2013, 2014 and 2015 they had to deal with a miss in sales expectations. Why won’t inventory grow?

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Mortgage Inventory Housing Market Construction 473

Housing Wire

NOVEMBER 16, 2023

Mortgage demand for new homes jumped in October as the inventory for existing homes remained depleted. FHA applications reached highest share of new-home applications since 2013 In October, FHA applications represented 26.3% Mortgage applications for new-home purchases rose 39.7%

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Mortgage Construction Inventory Buyers 452

Housing Wire

DECEMBER 7, 2020

For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month In 2013/2014, when the economic data was improving, mortgage rates rose.

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Inventory Construction Government Housing Market 545

On Q Financial

FEBRUARY 22, 2021

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. Also, consider that winter is also a time of lower housing inventory. Time of Year. When do most homes go on the market?

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Real Estate Agent Inventory Sellers Finance 68

Lamacchia Realty

MARCH 24, 2022

Shorter time frames aside, the 1.56% over 3 months is a bigger move than any 3 month window in 2013, and 1.94% over 7.5 Though it’s a late start to the year with many sellers delaying listing due to the recent COVID variant and a snowy January and February, there is still tremendous demand on available inventory. Mortgage News Daily.

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Mortgage Sellers Buyers Realty 62

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.”

Housing Market 425

Housing Market Buyers Agents Marketing 425

Housing Wire

JUNE 13, 2023

Mortgage credit availability dropped in May, a consequence of a tougher mortgage landscape that has resulted in lender consolidation as well as high rates and limited inventory that has stretched consumer budgets. With this decline in availability, the MCAI is now at its lowest level since January 2013.”

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Mortgage Government Lending Contracts 359

Housing Wire

AUGUST 1, 2023

Sharply lower housing inventory in the U.S. billion, respectively, a trend that goes back to 2013. Residential Real Estate report surveyed members about transactions with international clients who purchased and sold U.S. residential property from April 2022 through March 2023. residential sales dollar volume at $13.6 billion and $6.6

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Buyers Realtors Real Estate Inventory 363

Housing Wire

JULY 26, 2022

That makes sense to me; builders missed sales estimates in 2013, 2014, and 2015. At today’s level of 590,000 homes , the builders are in a different spot to deal with their inventory issues because they haven’t had a credit sales boom as we saw from 2002-2005. They have taken advantage of the low inventory story in 2020 and 2021.

Construction 504

Construction Housing Market Inventory Marketing 504

Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. The bulk buyer purchases accounted for 8.4%

Investors 396

Investors Renovations Marketing Retail 396

McKissock

MARCH 1, 2021

Dara’s ability to listen to clients and her attention to detail landed her Exceptional Service Awards in 2011, 2012, and 2013 from Cartus/USAA, one of the nation’s largest relocation organizations. A: The obstacles Millennial real estate buyers face for owning a home in the Boston market come down to low inventory.

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Real Estate Clients Real Estate Agent Renovations 90

Housing Wire

FEBRUARY 23, 2021

Rates have slowly climbed back towards 3% in the past few months, but inventory is still low , keeping prices high. Finally, lumber and other building materials are still scarce, forcing construction companies to delay projects and prevent an inventory build-up. December 2020’s 10.4%

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Housing Wire

AUGUST 17, 2020

Additionally, California’s housing inventory had a 48% year-over-year decline, the biggest drop in active listings since January 2013. The post Sales of higher-priced properties drive California median home price to new high in July appeared first on HousingWire.

Housing Market 507

Housing Market Realtors Inventory Marketing 507

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 293