Housing Wire

NOVEMBER 9, 2022

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Understanding this data line and what it is trying to tell you will be more valuable than erroneously thinking the market is crashing and we’ll see a wave of foreclosures.

New Listings 468

New Listings Inventory Housing Market Sellers 468

Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. However, in many areas of the country it does remain a seller’s market. Historically 2.5

Realtors 378

Realtors Housing Market Marketing Buyers 378

Housing Wire

MAY 7, 2023

Even though the labor market is currently showing signs of getting softer , there is no job-loss recession yet. As you can see in the chart below, there is a big difference between the current housing market and those looking for a repeat of 2008. Mortgage rates in a regular market should be 5.25% today but are at 6.5%.

Inventory 482

Inventory Housing Market Marketing New Listings 482

Housing Wire

DECEMBER 26, 2022

Starting this week, I will analyze weekly data in a Housing Market Tracker article every Monday to provide a status update on the U.S. housing market and economy. The housing market is one sector that can turn positive or negative very quickly depending on mortgage rates or one-time shocks like we saw with COVID-19.

Housing Market 471

Housing Market Marketing Inventory Mortgage 471

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. in 2009.

Investors 386

Investors Renovations Marketing Retail 386

Housing Wire

JUNE 28, 2022

This data line lags the current housing market as it’s a few months old. 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.

Housing Market 448

Housing Market Marketing Inventory Investors 448

Housing Wire

MAY 24, 2024

Dave Mele, president of Homes.com since 2014, has left CoStar Group to pursue “an opportunity outside of the real estate industry,” he confirmed to Real Estate News on Friday. During his tenure, Mele guided Homes.com through its acquisition by CoStar in 2021 and its emergence as a significant player in the home search market. “We

Real Estate 316

Real Estate Agents Realtors Investors 316

Housing Wire

APRIL 1, 2024

But now sellers are coming back into the market. There are still a lot of people who assume that mortgage rates need to fall before we see a rebound in home sales, but the data shows that we only need stability in the mortgage markets. These are all encouraging signs for sales volume in the housing market.

Inventory 457

Inventory New Listings Contracts Sellers 457

Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. Spoiler: If you haven’t realized that the housing market since 2012 has been trolled out by professional grifters who don’t ever forecast sales, that is on you. million and 1.93 Today inventory levels are at 1.02 I use the 1.52-1.93

Housing Market 515

Housing Market Marketing Inventory Realtors 515

Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. While each of these digital companies successfully addressed a problem in the market, other pain points still existed.

Real Estate 365

Real Estate Marketing Insurance Buyers 365

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. “The largest, undisrupted market in the U.S.,” Opendoor set out on its disruptive journey in 2014, and Offerpad followed soon after in 2015.

Marketing 396

Marketing Inventory Renovations Investors 396

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 351

Real Estate Agent Real Estate Agents Sellers 351

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. One such measure is who is entering the market. Today, the average is 2.7

Realtors 407

Realtors Buyers Inventory Sellers 407

Housing Wire

FEBRUARY 13, 2023

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. The one benefit of the housing market now is that days on the market are no longer teenagers, which means we are getting closer to a more balanced marketplace.

Inventory 484

Inventory Housing Market Mortgage Marketing 484

Housing Wire

NOVEMBER 15, 2023

Mark Willis, who served as CEO of Keller Williams from 2005 to 2014, has stepped back into the role effective immediately. In 2002, he joined the firm’s executive team, serving as president, before a nine-year stint as CEO from 2005 to 2014. Marc King will continue to serve as President of Keller Williams. He left the company in 2016.

Brokerage 407

Brokerage Real Estate Realty Agents 407

Housing Wire

NOVEMBER 10, 2023

It’s the highest share of all-cash transactions recorded since 2014. Meanwhile, buyers offer bigger down payments to lessen the cost of monthly payments In September, buyers were typically putting down 16.1% In those cities, the typical buyer put down 25% of the purchase price. home purchases, compared to 29.5%

Mortgage 414

Mortgage Buyers Insurance Government 414

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. The only risk to that 6.2

Mortgage 442

Mortgage Inventory Housing Market Construction 442

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. 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 404

Marketing Government Mortgage Sellers 404

Housing Wire

DECEMBER 31, 2021

Lenders will have to “manage expenses and improve customer service in a purchase market,” Tom Wind, executive vice president of consumer lending with U.S. Yearly data compiled by the MBA found that in 2014 and 2018, years with weaker origination volume, the LO turnover rate was 44% and 37%, respective-ly.

Marketing 415

Marketing Law Government Mortgage 415

Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. I have been talking about the range of inventory that I need to see to remove the ‘ savagely unhealthy’ housing market theme. A boring and balanced (B&B) housing market is the best housing market. Once total inventory levels reach 1.52-1.93

Inventory 506

Inventory Housing Market Marketing Realtors 506

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% nationally over the same time last year, according to the S&P CoreLogic Case-Shiller index.

Inventory 544

Inventory Housing Market Buyers Sellers 544

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 516

Housing Market Contracts Construction Inventory 516

Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . A short history of the housing crash narrative.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

JANUARY 8, 2023

The Federal Reserve ‘s signals indicating further rate hikes for 2023 appear to have scared buyers away from the market in December. Last month tallied the fewest purchase lock counts in a single month since early 2014 as interest rates and affordability pressures challenged the market. .

Mortgage 473

Mortgage Buyers Marketing 473

Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. Demand right now is not an issue for both the existing and new home sales market. In 2013/2014, when the economic data was improving, mortgage rates rose. New Home Supply. Hard pass.

Inventory 543

Inventory Construction Government Housing Market 543

Housing Wire

DECEMBER 11, 2023

The firm currently serves buyers and sellers in Essex County, the Merrimack River Valley and Southern New Hampshire. In 2014, Bentley started his team at RE/MAX with Christie and four other agents, by 2016 the team had expanded to 10 agents and in 2018 they transitioned from a team to an independent brokerage, Bentley’s Real Estate.

Agents 385

Agents Clients Realty Advertising 385

Housing Wire

MARCH 9, 2021

last month, still hovering near levels previously seen in 2014. “Expected home sales growth this year is still likely to be driven by first-time buyers, spurred by millennials reaching peak first-time homebuyer age,” Kan said. The group’s Mortgage Credit Availability Index remained unchanged at 124.6

Mortgage 471

Mortgage Government Buyers Contracts 471

Housing Wire

MARCH 14, 2023

Since 2014, when homeownership rates among Latinos began increasing following the Great Recession, 2.3 million net new Hispanic homeowner households had been added to the market, accounting for 24.4% of non-Hispanic White buyers, according to data from the Home Mortgage Disclosure Act (HMDA). of overall homeownership growth.

Real Estate 383

Real Estate Mortgage Buyers Construction 383

Housing Wire

AUGUST 17, 2020

The National Association of Home Builders and Wells Fargo Housing Market Index rose six points to 78 in August – matching its previous high record set in December of 1998, according to a release from NAHB on Monday. Such cost increases could dampen momentum in the housing market this fall, despite historically low interest rates,” Dietz said.

Construction 417

Construction Housing Market Buyers Marketing 417

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 90

Buyers Inventory Sellers Appraisal 90

Housing Wire

MAY 9, 2022

housing market follow Canada? In short, the answer is no, we won’t have the type of home-price velocity that Canada has experienced because our housing market is more diverse than theirs. housing market is more tied to mortgage buyers. foreign buyers have always been less than 300,000 of total home sales for many years.

Buyers 526

Buyers Housing Market Mortgage Marketing 526

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. The D.A.N.G.E.R.

Buyers 358

Buyers Sellers Agents Law 358

Housing Wire

NOVEMBER 30, 2020

in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. The faster price growth is leading to affordability challenges for certain segments of buyers, and particularly for first-time homebuyers,” Kan said. compared to a year ago.

Realtors 532

Realtors Inventory Contracts Development 532

Inman

FEBRUARY 10, 2023

A Connecticut estate made headlines in 2014 when it sold for a then-record $120 million, making it America's priciest home sale at the time. Now its owners are giving it a shot on the market for $30 million more.

Marketing 116

Marketing Realty Buyers 116

Housing Wire

MAY 2, 2022

Adjustable-rate mortgages, which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for borrowers in a challenging housing market. The spread between 30-year and ARM offerings is the widest it’s been since 2014 and within 20 basis points of an all-time high. .

Housing Market 414

Housing Market Mortgage Investors Finance 414

Housing Wire

OCTOBER 17, 2023

That makes those homeowners susceptible to predatory behavior by some buyers operating in the pre-foreclosure marketplace, behavior that has been chronicled in several prominent, recent news stories. These institutional buyers purchased pre-foreclosure properties for 30% below estimated after-repair market value on average.

Buyers 374

Buyers Retail Market Value Real Estate Agent 374

Housing Wire

DECEMBER 29, 2020

Craig Lazzara, managing director and global head of Index Investment Strategy at S&P Dow Jones Indices, said that it’s likely COVID-19 has pushed buyers to move from urban apartments to suburban homes. growth rate was more than six and a half years ago, in March 2014.”.

Buyers 542

Buyers Construction Realtors Inventory 542