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.

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Inventory Housing Market Buyers Sellers 544

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 417

Marketing Inventory Renovations Investors 417

Housing Wire

OCTOBER 26, 2023

He told the jury that sellers also benefit because it brings more foot traffic and attention to their listings. Stevens said it was harder in some markets, in part, because there is currently very little housing inventory. He also noted that buyers’ agents provide valuable services for sellers and buyers.

Buyers 417

Buyers Sellers Agents Law 417

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 417

Housing Market Marketing Inventory Mortgage 417

Housing Wire

FEBRUARY 9, 2022

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. By the summer of 2020, I started to worry about inventory levels getting dangerously low.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

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. By the summer of 2020, I started to worry about inventory levels getting dangerously low.

Inventory 370

Inventory Buyers Sellers Investors 370

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 501

Mortgage Inventory Sellers Housing Market 501

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. To have that market, we need total inventory data to get back to 1.52-1.93

Housing Market 454

Housing Market Marketing Inventory Investors 454

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. 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. Image by Brandon Johnson/HW Media.). million active listings, but at just 1.28

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Sellers Inventory Housing Market New Listings 501

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

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Inventory New Listings Law Housing Market 383

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.

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Inventory Contracts Training Investors 529

Housing Wire

JANUARY 7, 2021

“In particular, the sell-side component fell for the first time since April and by 18 points, reversing most of the increases of the past three months and implying to us that, at least temporarily, potential home sellers might wait to list their homes,” Duncan said. “If The report also predicts home price growth to slow through this November.

Housing Market 454

Housing Market Design Inventory Sellers 454

Housing Wire

MAY 11, 2021

How Opendoor could sell comparably fewer homes in Q1 amid historically high demand and low inventory was not addressed on a Tuesday earnings call. 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.

Real Estate Agent 370

Real Estate Agent Real Estate Brokerage Inventory 370

Housing Wire

APRIL 1, 2024

At the same time, seller volume dried up. But now sellers are coming back into the market. 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. That’ll feel like a lot!

Inventory 462

Inventory New Listings Contracts Sellers 462

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. The last high among all-cash buyers was seen at 35% in 2014. All cash buyers now stand at 24%.

Realtors 395

Realtors Housing Market Marketing Buyers 395

Housing Wire

FEBRUARY 1, 2023

It is really a great tool from a seller perspective to say, ‘Look, we don’t control rates, but what I can offer you is something that will offset this shock in interest rates that has happened here in the last nine or 10 months or so,’” Nunziata said. in 2022, the weakest showing since 2014.

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Marketing Government Mortgage Sellers 407

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

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Inventory Housing Market Construction Marketing 521

Birmingham Appraisal

JULY 27, 2022

If they didn’t lose out on a contract for the home of their dreams they had to bid the price up way over the list price to even get the attention of sellers who have had an edge in the market since interest rates dropped after the COVID pandemic. Months of Inventory/Active Listings – The months of inventory is on the rise.

Buyers 86

Buyers Inventory Sellers Appraisal 86

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?

Inventory 501

Inventory Housing Market Marketing Modernization 501

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. “Through our correspondent channel, we primarily purchase and aggregate residential mortgages from trusted third-party originators, who we refer to as ‘correspondent sellers.’

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Valuation Mortgage Business Modernization 301

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. First, total home sales should be 6.2

Mortgage 487

Mortgage Inventory Housing Market Construction 487

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?

Inventory 407

Inventory Housing Market Marketing Modernization 407

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 497

Housing Market Marketing Mortgage Inventory 497

Lamacchia Realty

NOVEMBER 16, 2021

Quite often, too often, in fact, REALTORS ® hear home sellers say that they want to take their home off the market for the holiday season. September and October are usually the months with an increased number of homes on the market , and then as those homes sell or people begin taking them off the market, inventory decreases.

Inventory 69

Inventory Buyers Sellers Realty 69

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

Housing inventory is at an all-time low , sitting far below the 6-month supply required to support a healthy market. Many sellers are seeing homes “fly off the shelves.” As a result, the average homeowner has gained $17,000 in home equity , the biggest equity gain since 2014. This speeds up selling significantly.

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Landlords Loan Officers Buyers Sellers 67

Birmingham Appraisal

JUNE 28, 2022

Sellers have had the upper hand over the past several years and have not had to even think about lowering the price of their homes. Some sellers may have priced their homes based on the past six months of market frenzy, however, they are now realizing that we are now in a different market. The trend ins Shelby county is similar.

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. Housing market inventory. Altos Research data shows that the weekly inventory fell from 521,957 to 507,934 last week. 15 to 6.32% today, Dec.

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Housing Market Marketing Inventory Mortgage 505

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

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. Back then, we had higher sales, higher inventory, and less price growth, but we had a massive credit bubble.

Inventory 539

Inventory Housing Market Mortgage Construction 539

Appraisal Today

APRIL 1, 2023

Meanwhile homeowners who’ve locked in lower mortgage rates are choosing not to sell, tightening available inventory. That means that the market is losing buyers looking to move up and losing sellers looking to move up, so this lock-in effect is constraining both sides of the market. Higher mortgage rates triggered a drop in demand.

Appraisal 52

Appraisal Business Marketing Agents 52

Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9%

Inventory 56

Inventory Sellers Buyers Contracts 56

Housing Wire

JANUARY 29, 2021

. “Greater participation of sellers and builders in the months ahead will make home sales possible while easing some of the pressure on price growth, which is currently rising at a double-digit percent rate and has been for almost six months.” ” Home prices soared 9.5%

Contracts 530

Contracts Real Estate Housing Market Technology 530

Houston Properties

JANUARY 13, 2021

Avoid 9 Costly Mistakes Sellers Make. We expect a nationwide drop in home values as home inventory continues to shrink and we start to feel the economic impact of last year’s mishaps. The market will see an influx of price drops and hikes due to low inventory and high demand. 2020 ended favoring sellers. Jones, PhD.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

APRIL 27, 2022

The builders have pricing power and they — along with home sellers — have pushed it very hard since 2020. They were simply doing what the marketplace allowed them to do with low inventory and low mortgage rates. From Census: For Sale Inventory and Months’ Supply: The seasonally?adjusted This represents a supply of 6.4

Construction 370

Construction Buyers Housing Market Inventory 370

Housing Wire

AUGUST 23, 2022

The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4 We had missed sales estimates in 2013, 2014 and 2015. Tuesday’s new home sales report shows only 511,000 new homes sold. The average sales price was $546,800.

Construction 370

Construction Housing Market Sellers Marketing 370

Houston Properties

JULY 21, 2022

"The Houston Properties Team make real estate transactions a lot less complicated for sellers – they take care of everything AND they get the highest prices and the shortest closings. Other factors also come into play, including tight inventories and high demand. – 2014: America’s Best Real Estate Agents, RealTrends.com.

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Real Estate Agent Real Estate Realtors Agents 36