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. We can observe this trend in both the count of new listings per week and in the total number of unsold homes on the market.

Mortgage 349

Mortgage New Listings Inventory Sellers 349

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 541

Housing Market Marketing Inventory Sellers 541

Housing Wire

JUNE 2, 2022

One top question he addresses is how the industry is reacting to this savagely unhealthy housing market. HW+ Member: What’s the number one question you are getting from the real estate agent community on the economy and housing market? As we can see, it’s been a struggle to get inventory back into this range post-2020.

Training 403

Training Inventory Housing Market Real Estate Agent 403

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 477

New Listings Inventory Housing Market Sellers 477

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. . Total inventory grew this year, and sales were negative.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. 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. Inventory is always seasonal. Today inventory levels are at 1.02

Housing Market 518

Housing Market Marketing Inventory Realtors 518

Housing Wire

NOVEMBER 8, 2023

“The largest, undisrupted market in the U.S.,” Opendoor set out on its disruptive journey in 2014, and Offerpad followed soon after in 2015. The volatility and unprecedented nature of the market, weakened Zillow’s price forecasting, crippling its ability to buy low and sell high.

Marketing 404

Marketing Inventory Renovations Investors 404

Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. 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.

Inventory 506

Inventory Housing Market Marketing Realtors 506

Housing Wire

MAY 3, 2022

After making some Covid-19 adjustments to the data line, we will have our first negative year over year since 2014, unless something changes on the mortgage rate side. 2014 was the last year we saw a noticeable weakness in purchase application data. Inventory is very seasonal. What have we seen this year? million – and 1.93

Housing Market 380

Housing Market Marketing Inventory Mortgage 380

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 449

Housing Market Marketing Inventory Investors 449

Housing Wire

OCTOBER 16, 2023

The trough for the mortgage origination market is nearing an end point and 2024 is shaping up to be a better year for the industry, economists of the the Mortgage Bankers Association (MBA) said at the 2023 Annual Convention & Expo in Philadelphia, Pennsylvania. In terms of units, the MBA expects about 5.2 and reach 5.5%

Mortgage 476

Mortgage Marketing Inventory Technology 476

Housing Wire

NOVEMBER 2, 2020

I’m talking about housing market crash headlines. These dramatic peaks and valleys in the data have fed the demons of greed and fear that infest the minds our extreme housing bulls and the fierce housing market bears – leading to equally wild speculations about the future of U.S. The housing data has been wild this year.

Housing Market 545

Housing Market Marketing Inventory Design 545

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 515

Mortgage Inventory New Listings Sellers 515

Housing Wire

JUNE 9, 2023

On June 16, 2022, I put the housing market into a recession , which is where housing demand, housing jobs, housing income and housing production all drop. Mortgage rates ranged from 7.37% to 5.99% during this period, and how the market reacted to them changed the dynamics of the housing discussion and home prices.

Inventory 545

Inventory Housing Market New Listings Mortgage 545

Housing Wire

FEBRUARY 18, 2021

The stock market is a funny game. The stock market is at an all-time high, finishing 2020 at record levels. But these gains are a temporary disguise, masking the true future of a volatile market. In 2020, home prices soared by nearly 10% to levels not seen since 2014, all while inventory dropped significantly.

Real Estate 523

Real Estate Investing Marketing Home Value 523

Housing Wire

MARCH 15, 2024

Courtesy of the Mortgage Bankers Association “This year was exacerbated by the current lack of housing inventory and mortgage rates that increased to their highest levels of the year, keeping refinancings volumes low. Loan production expenses averaged around $7,389 per loan.

Valuation 410

Valuation Mortgage Inventory Marketing 410

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 385

Realtors Housing Market Marketing Buyers 385

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 349

Inventory Investors Retail Housing Market 349

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 415

Realtors Buyers Inventory Sellers 415

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.

Inventory 341

Inventory Housing Market Marketing Construction 341

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% Over the past few decades, the inventory of affordable homes has been in sharp decline while home prices have risen dramatically.

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. The second year you’re going to save $250 a month as opposed to $60.

Marketing 404

Marketing Government Mortgage Sellers 404

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. Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices. compared to a year ago.

Realtors 532

Realtors Inventory Contracts Development 532

Housing Wire

NOVEMBER 25, 2020

Last week alone, both the refinance index and the share of refinance applications were at their highest levels since April, as rates drew more conventional loan borrowers in to the market, Joel Kan, MBA’s associate vice president of industry and economic forecasting said.

Mortgage 545

Mortgage Inventory Marketing Housing Market 545

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

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 382

Inventory New Listings Law Housing Market 382

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. Meanwhile, in September, one-third of U.S. home purchases were all-cash transactions, compared to 29.5%

Real Estate Agent 366

Real Estate Agent Real Estate Agents Sellers 366

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. Also, we have to know that we aren’t working from a high level of inventory data as well.

Mortgage 498

Mortgage Inventory Sellers Housing Market 498

Housing Wire

SEPTEMBER 10, 2020

For refinances, Fannie Mae’s survey revealed the net share of lenders who expect demand growth reached a survey high for government loans and the second highest reading since 2014 for GSE-eligible and non-GSE-eligible loans.

Housing Market 430

Housing Market Government Mortgage Inventory 430

Housing Wire

FEBRUARY 9, 2021

last month, still hovering near levels previously seen in 2014, though it is the third month in the past four that credit availability has picked up as supply eases out. Improvements were driven by the conventional segment of the mortgage market, as lenders added ARM loans with lower credit score and higher LTV requirements,” Kan said.

Mortgage 541

Mortgage Lending Government Contracts 541

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. “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.” Remember, be the detective, not the troll.

Inventory 527

Inventory Contracts Training Investors 527

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.

Inventory 536

Inventory Mortgage Housing Market Marketing 536

Housing Wire

OCTOBER 31, 2022

When the Fed says they may need to keep rates higher for longer, I believe that’s them talking tough, as they can fall back on the fact that the labor market is still solid and household balance sheets are good. Currently, the housing market is in a recession: sales, production, jobs and incomes are all falling in the housing sector.

Law 512

Law Inventory Lending Mortgage 512

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. a year earlier.

Housing Market 448

Housing Market Design Inventory Sellers 448

Housing Wire

JULY 16, 2021

Cash buyers are pouring into the housing market this year, and they’re picking off more than half of available inventory in certain areas in Florida and New York. That represents the largest share since 2014, when 30.6% Investors, who often pay in cash, are also wading back into the housing market.

Buyers 545

Buyers Real Estate Agent Real Estate Housing Market 545

Housing Wire

MAY 11, 2021

Customers can now sell and buy homes with Opendoor in 27 different markets compared to 21 one year ago. How Opendoor could sell comparably fewer homes in Q1 amid historically high demand and low inventory was not addressed on a Tuesday earnings call. And by some secondary measurements, Opendoor is growing.

Real Estate Agent 332

Real Estate Agent Real Estate Brokerage Inventory 332