Housing Wire

MAY 15, 2024

housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. That’s a swing of 17% fewer sellers in just a matter of days. The lower rates go, the fewer home sellers we have.

Mortgage 366

Mortgage New Listings Inventory Sellers 366

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 467

New Listings Inventory Housing Market Sellers 467

Housing Wire

APRIL 1, 2024

At the same time, seller volume dried up. 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. More sellers means more sales in 2024.

Inventory 457

Inventory New Listings Contracts Sellers 457

Housing Wire

NOVEMBER 13, 2023

Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers. The report is an annual survey of homebuyers and sellers who closed transactions between July 2022 and June 2023.

Real Estate Agent 350

Real Estate Agent Real Estate Agents Sellers 350

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. percent (±11.9

Mortgage 440

Mortgage Inventory Housing Market Construction 440

Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. Once that happens, I can finally take the savagely unhealthy housing market theme off my talking points. What does this mean? million to 1.93

Inventory 519

Inventory New Listings Housing Market Sellers 519

Housing Wire

SEPTEMBER 13, 2022

However, we have entered a tricky period in housing economics where we might have to take this premise more seriously since mortgage rates recently got as low as 2.5% It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move. Can you blame home sellers?

Mortgage 513

Mortgage Inventory New Listings Sellers 513

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 395

Marketing Inventory Renovations Investors 395

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. Today, the average is 2.7

Realtors 406

Realtors Buyers Inventory Sellers 406

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. million, we will be in a much better place for housing. This is the unhealthy aspect of housing.

Inventory 505

Inventory Housing Market Marketing Realtors 505

Housing Wire

JANUARY 26, 2021

November’s numbers mark the greatest annual growth rate since February 2014 and even blew past the 8.4% “Even as the pandemic accelerated its rapid spread across the country, this fervent market competition has shown few, if any, signs of cooling and is unlikely in the near future. as prices in November rose 9.5%

Inventory 544

Inventory Housing Market Buyers Sellers 544

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. in 2022, the weakest showing since 2014. percentage points of the loan amount,” Nunziata said. in November, down from a 9.2%

Marketing 404

Marketing Government Mortgage Sellers 404

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time.

Inventory 492

Inventory Housing Market Construction Marketing 492

Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. housing market as savagely unhealthy. Over the last two and a half years of U.S.

Inventory 539

Inventory Housing Market Mortgage Marketing 539

Housing Wire

OCTOBER 20, 2023

No seller must use a real estate agent to sell a home — ever. They may buy directly from a seller, whether that seller is represented by an agent or not. RealTrends + Harris Insights ‘ studies from 2002, 2005, 2006, 2011, 2014, and 2019 all show that consumers know that commissions are negotiable.

Real Estate Agent 413

Real Estate Agent Real Estate Brokerage Agents 413

Housing Wire

JANUARY 29, 2021

Realtor.com’s Housing Market Recovery Index showed significant contract growth, specifically in Portland, Las Vegas, Denver, Los Angeles, and Boston. in November compared with 12 months ago, according to CoreLogic ‘s Case-Shiller index – the largest increase since May 2014. ” Home prices soared 9.5%

Contracts 529

Contracts Real Estate Housing Market Technology 529

Housing Wire

AUGUST 3, 2022

People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% The question is, can lower mortgage rates save the housing market from its recent downtrend? We saw this in 2013-2014 and 2018-2019. The downside of rates moving up so quickly is that some sellers pull the plug until rates are better.

Mortgage 498

Mortgage Inventory Sellers Housing Market 498

Housing Wire

APRIL 11, 2022

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. We had a few years where sales missed expectations in 2013, 2014, and 2015. million total housing starts until 2020-2024, when demand would warrant that many housing starts.

Inventory 494

Inventory Housing Market Marketing Modernization 494

Housing Wire

MARCH 29, 2022

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. We had a few years where sales missed expectations in 2013, 2014, and 2015. million total housing starts until 2020-2024, when demand would warrant that many housing starts.

Inventory 404

Inventory Housing Market Marketing Modernization 404

Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. Over the years, I have tried to emphasize that the housing market in the U.S. We had missed sales estimates in 2013, 2014 and 2015. This is 12.6

Construction 369

Construction Housing Market Sellers Marketing 369

Housing Wire

JANUARY 7, 2021

For the second consecutive month , Fannie Mae’s Home Purchase Sentiment Index , a composite index designed to track the housing market and consumer confidence to sell or buy a home, dropped six points in December to 74. in November, compared to the year prior, marking the largest annual appreciation since March 2014.

Housing Market 444

Housing Market Design Inventory Sellers 444

Housing Wire

NOVEMBER 10, 2023

It’s the highest share of all-cash transactions recorded since 2014. FHA loan usage increases in September As sellers field fewer offers, buyers with FHA loans may have greater luck to close on a home. In September, all-cash purchases represented one-third of the U.S. home purchases, compared to 29.5% of all transactions.

Mortgage 413

Mortgage Buyers Insurance Government 413

Housing Wire

MAY 11, 2021

Customers can now sell and buy homes with Opendoor in 27 different markets compared to 21 one year ago. Founded in 2014, Opendoor is a pioneer in cash home-buys moving online, and an alternative to home sellers having to work with real estate agents. And by some secondary measurements, Opendoor is growing.

Real Estate Agent 315

Real Estate Agent Real Estate Brokerage Inventory 315

Housing Wire

FEBRUARY 9, 2022

This did ring some alarm bells last year as many housing crash addicts used the results of Fannie Mae’s Home Purchase Sentiment Index to call for an epic crash in the second half of 2021. One thing is certain: potential buyers of all ages are not happy about the current market conditions. So what is going on here?

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

This did ring some alarm bells last year as many housing crash addicts used the results of Fannie Mae’s Home Purchase Sentiment Index to call for an epic crash in the second half of 2021. One thing is certain: potential buyers of all ages are not happy about the current market conditions. So what is going on here?

Inventory 369

Inventory Buyers Sellers Investors 369

Housing Wire

APRIL 27, 2022

Tuesday, the new home sales report for March came in as a miss of estimates at 763,000, but the revisions were all positive, which shows that the housing data is still lagging behind the current market reality. That data shows how housing was still on pace to have another solid year before mortgage rates got over 5%.

Construction 325

Construction Buyers Housing Market Inventory 325

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. Inventory has been falling for years but people ignored the trend because some were always talking about the housing bubble 2.0 crash, especially from 2012-2019.

Inventory 381

Inventory New Listings Law Housing Market 381

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. by the end of next year.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. KEY RESOURCES: Study Of How Previous Pandemics Affected The Real Estate Market.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

NOVEMBER 29, 2021

Last week, I wrote about how the existing home sales markets outperformed my peak sales range in the past two sales reports. Remember, a seller is typically also a buyer, so inventory should fall when demand picks up and that seller finds another home to buy. Remember, be the detective, not the troll.

Inventory 527

Inventory Contracts Training Investors 527

Housing Wire

OCTOBER 17, 2023

A growing pre-foreclosure market While it’s hard to quantify the prevalence of such predatory behavior, the opportunity for it is growing as the pre-foreclosure market grows. These institutional buyers purchased pre-foreclosure properties for 30% below estimated after-repair market value on average.

Buyers 373

Buyers Retail Market Value Real Estate Agent 373

Housing Wire

DECEMBER 26, 2022

With the housing market slowing down from its pandemic-fueled frenzy, wire fraud threats, regulatory challenges and the perennial challenge of an aging workforce, the title insurance industry will have a lot to juggle in the new year. It was too darn hot: the housing market slows down. What happened to the market?’”.

Insurance 464

Insurance Bracketing Legal Business 464

Housing Wire

MAY 17, 2022

“I am confident that she will bring a depth of expertise and perspective to FHA at a critical time for our country’s housing market.”. Housing industry stakeholders have a lengthy list of changes they hope Gordon will implement. Toomey, in a statement published in May 2022, also criticized Gordon’s career in housing.

Insurance 311

Insurance Development Housing Market Mortgage 311

Housing Wire

APRIL 5, 2021

While the position of the Fund has strengthened in recent years and continues to do so largely as the result of a robust housing market driven by low inventory, low interest rates, and solid home-price appreciation, there are many reasons to proceed cautiously and to continue to prepare for the unexpected.

Insurance 227

Insurance Mortgage Housing Market Government 227

Housing Wire

FEBRUARY 14, 2022

Some agents, like ones at RE/MAX , even pay the brokerage fees for office space and marketing tools. 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. million members are independent contractors.

Business 360

Business Brokerage Real Estate Agent Agents 360

Houston Properties

JANUARY 12, 2022

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. Concerned about a housing market crash? While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017).

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Lamacchia Realty

JUNE 3, 2021

He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. Kip always had a strong desire to formally become a part of this industry, so he obtained his Real Estate “Salesperson” license in 2014.

Realty 65

Realty Agents Real Estate Human Resources 65