Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. One such measure is who is entering the market.

Realtors 432

Realtors Buyers Inventory Sellers 432

Housing Wire

NOVEMBER 13, 2023

“In a still-competitive housing market, more well-off home buyers were able to have their bids accepted by offering larger down payments and even by paying cash.” It was the highest share of all-cash transactions recorded since 2014. The share of first-time buyers rose to 32%, up from last year’s low of 26%.

Real Estate Agent 410

Real Estate Agent Real Estate Agents Sellers 410

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 520

Mortgage Inventory New Listings Sellers 520

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

Housing Market 491

Housing Market Marketing Inventory Mortgage 491

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

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.

Inventory 370

Inventory Investors Retail Housing Market 370

Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., November’s numbers mark the greatest annual growth rate since February 2014 and even blew past the 8.4% as prices in November rose 9.5% gains seen in October.

Inventory 544

Inventory Housing Market Buyers Sellers 544

Housing Wire

JUNE 28, 2022

Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. 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. This is because the biggest buyers of homes are mortgage buyers.

Housing Market 458

Housing Market Marketing Inventory Investors 458

Housing Wire

NOVEMBER 30, 2020

Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices. The faster price growth is leading to affordability challenges for certain segments of buyers, and particularly for first-time homebuyers,” Kan said. Presented by: Fannie Mae.

Realtors 534

Realtors Inventory Contracts Development 534

Housing Wire

OCTOBER 26, 2023

He testified that, in most cases, homebuyers would be unable to include buyer agent commission costs into their financing. “My concern is buyers who are cash-constrained,” Stevens said. ” But buyers are not the only ones who benefit from the current system, according to Stevens.

Buyers 421

Buyers Sellers Agents Law 421

Housing Wire

FEBRUARY 9, 2022

One thing is certain: potential buyers of all ages are not happy about the current market conditions. It’s simple: inventory levels were at all-time lows in 2021 and they just got worse in 2022, don’t make it any more complicated than that. It can be stressful enough when the markets are regular, like they were from 2014-to 2019.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

One thing is certain: potential buyers of all ages are not happy about the current market conditions. It’s simple: inventory levels were at all-time lows in 2021 and they just got worse in 2022, don’t make it any more complicated than that. It can be stressful enough when the markets are regular, like they were from 2014-to 2019.

Inventory 370

Inventory Buyers Sellers Investors 370

Birmingham Appraisal

JULY 27, 2022

Do Buyers Have a Leg Up In Today’s Market? The smell of a market shift is in the air but what does this mean for the average buyer? Over the past two years, buyers have been put through the wringer. The steep rise in home prices, and the market’s competitive nature, have tested the resolve of buyers.

Buyers 87

Buyers Inventory Sellers Appraisal 87

Housing Wire

OCTOBER 1, 2022

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. One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies. All cash buyers now stand at 24%.

Realtors 397

Realtors Housing Market Marketing Buyers 397

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%. Wait, what? I use the 1.52-1.93

Housing Market 525

Housing Market Marketing Inventory Realtors 525

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. Opendoor set out on its disruptive journey in 2014, and Offerpad followed soon after in 2015. For the same period this year, the company has 4,007.

Marketing 421

Marketing Inventory Renovations Investors 421

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. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5

Inventory 384

Inventory New Listings Law Housing Market 384

Housing Wire

DECEMBER 16, 2021

On Tuesday, according to multiple sources within the New York-headquartered mortgage lender and “power buyer,” a weekly video meeting of Knock loan officers took a turn when Robert Foos, Knock’s director of sales, told loan officers that they would receive a 33% reduction in salaries effective Jan.

Loan Officers 397

Loan Officers Real Estate Agent Real Estate Agents 397

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. They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. Traditionally, total inventory ranges between 2 to 2.5 NAR total inventory data.

Mortgage 504

Mortgage Inventory Sellers Housing Market 504

Housing Wire

NOVEMBER 29, 2021

. “This solid buying is a testament to demand still being relatively high, as it is occurring during a time when inventory is still markedly low.” Over the years, I have never believed in the premise that low inventory is holding sales back, which was expected whenever sales get weaker.

Inventory 530

Inventory Contracts Training Investors 530

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. We saw this in 2013-2014 and 2018-2019. In addition, the U.S. Here in the U.S.,

Buyers 530

Buyers Housing Market Mortgage Marketing 530

Housing Wire

APRIL 1, 2024

Total available inventory is gradually climbing about 1% per week — last year it was still declining in April. As we roll into the second quarter, we should have accelerating inventory growth each week. NAR reported 33% all cash buyers, which is the most since 2014 when buyers were still cleaning up distressed properties.

Inventory 466

Inventory New Listings Contracts Sellers 466

Housing Wire

FEBRUARY 1, 2023

Nunziata explained that offering prospective homebuyers a $10,000 discount off the sales price of a $400,000 home, for example, will save the buyer about $60 a month on his or her mortgage payment. “So, You can see that’s a really big impact for that first-time buyer, giving them the ability to kind of ease into that payment.”

Marketing 410

Marketing Government Mortgage Sellers 410

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? If you follow the trend of housing supply since 2014, it’s been falling every year — with a pause in 2018-2019 — and then collapsed lower post-2020. I don’t believe housing inventory below 1.52

Inventory 522

Inventory Housing Market Construction Marketing 522

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. It’s also driven more by mortgage buyers who tend to be older and make more money than the new-home buyers. First, total home sales should be 6.2

Mortgage 491

Mortgage Inventory Housing Market Construction 491

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.

Housing Market 500

Housing Market Marketing Mortgage Inventory 500

Lamacchia Realty

NOVEMBER 16, 2021

Their concerns usually stem from the misconception that buyers are not looking during November and December because they’re halting their search for the holidays. In March of 2020, we saw a significant drop in inventory, and the market still has not gone back to pre-pandemic levels. In many cases, this is not correct.

Inventory 69

Inventory Buyers Sellers Realty 69

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.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

OCTOBER 11, 2022

Inventory, which has been falling for years, broke to all-time lows in 2020. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. Of course, this has brought back some inventory, as demand weakness always creates inventory through accumulation. million active listings, but at just 1.28

Sellers 504

Sellers Inventory Housing Market New Listings 504

Empire Appraisal Group

JANUARY 11, 2023

But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. Housing inventory is expected to remain tight in 2023, with housing starts below historical averages and fewer homeowners willing to sell, said NAR Chief Economist Lawrence Yun.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Cornerstone

FEBRUARY 2, 2021

Here’s an overview of why selling this winter may be smarter: Even after the buyer boom seen in 2020 , it continues: Buyer demand is outpacing the supply of available homes for sale, so homebuyers frequently compete to snatch up limited listings. Look forward to a lot less competition. This speeds up selling significantly.

Landlords 67

Landlords Loan Officers Buyers Sellers 67

Birmingham Appraisal

JUNE 28, 2022

A decreased pool of potential buyers due to higher interest rates has resulted in less competition. The lower days on market reflect the speed at which the available inventory is being purchased. 5) Months of Supply – Beginning in 2020 we have seen lower months of inventory each year and 2022 is no exception. Conclusion.

Real Estate 52

Real Estate Marketing Inventory Sellers 52

Housing Wire

DECEMBER 26, 2022

The three categories I’ll cover will be the weekly purchase application data, the Altos Research weekly inventory data , and what the bond market/ mortgage rates did recently. This has been a vital survey data for me over the past 11 years because the primary resident mortgage buyer is the driver of the U.S. Housing market inventory.

Housing Market 508

Housing Market Marketing Inventory Mortgage 508

Housing Wire

FEBRUARY 14, 2022

Living on commissions often means getting paid more for convincing a buyer to increase their acceptable price range or coaxing a seller to hold out for a more lucrative deal. Noah Goldberg came to Redfin in 2014, nine years after graduating from American University and bouncing between different corporate jobs. “I

Business 370

Business Brokerage Real Estate Agent Agents 370

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. Bulk Buyer Bonanza.

Investors 397

Investors Renovations Marketing Retail 397

Housing Wire

NOVEMBER 24, 2020

census divisions rose 7% in September from a year ago, the greatest year-over-year gain since 2014, and nearly 23% higher than its last peak in 2006. uptick reported in August, and represented the largest annual gain since May 2014 as record-low mortgage rates and a lack of inventory continued to put upward pressure on home prices.

Housing Market 520

Housing Market Contracts Construction Inventory 520

Houston Properties

JULY 18, 2022

Property inventories are shrinking. Despite the surge of new construction homes in the area, the Energy Corridor inventory has become one of the tightest in Houston. – 2014: America’s Best Real Estate Agents, RealTrends.com. – 2014: #1 Individual Agent, Keller Williams Memorial. lower risk for mistakes.

Real Estate 36

Real Estate Real Estate Agent Realtors Agents 36