Housing Wire

JUNE 9, 2023

In 2022 it was all about finding a point in time when I thought mortgage rates would fall, which was key to understanding how the purchase application data would react to lower mortgage rates. We have had plenty of times in the previous decade when mortgage rates fell and demand improved, but that was with a lot lower mortgage rates.

Inventory 545

Inventory Housing Market New Listings Mortgage 545

Housing Wire

JUNE 11, 2023

After seeing disappointing inventory growth two weeks ago , which I chalked up to the Memorial Day holiday, I was hoping for a big push in active listings last week, but that didn’t happen. And, the recent uptick in mortgage rates to almost 7% slowed purchase application data again. Of course, we have a third story in this U.S.

Inventory 497

Inventory Housing Market Marketing New Listings 497

Housing Wire

AUGUST 30, 2022

Today, we stand at 1,310,000 active listings. NAR Total Listing Data: If we cut the timeline to the last time inventory grew, which was 2014, you can see this downtrend in inventory, unlike 2001-2005, when inventory grew from 2 million to 2.5 I don’t need to see total active listing get back to the historical range of 2-2.5

Inventory 382

Inventory New Listings Law Housing Market 382

Housing Wire

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. New listing volume last week was 18% more than a year ago. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. At the same time, seller volume dried up.

Inventory 457

Inventory New Listings Contracts Sellers 457

Housing Wire

OCTOBER 11, 2022

To top it all off, we started 2022 at all-time lows, forcing bidding action everywhere until mortgage rates rose. And we aren’t talking about your grandfather’s mortgage rates rising; we went from 2.5% However, with price growth and mortgage rates skyrocketing, the hit to affordability is historic.

Sellers 498

Sellers Inventory Housing Market New Listings 498

Housing Wire

JANUARY 29, 2021

“There is a high demand for housing and a great number of would-be buyers, and therefore sales should rise with more new listings,” Yun said. HousingWire’s virtual demo days are designed specifically to help mortgage industry decision makers identify the technology solutions they need to operate efficiently and securely. .”

Contracts 529

Contracts Real Estate Housing Market Technology 529

Lamacchia Realty

JANUARY 30, 2024

The attempt to restore equilibrium in interest rates, following their drastic drop in 2020, brought about then of pandemic-induced rates, resulting in a sustained presence of higher monthly mortgage payments. It’s probable that we wouldn’t have witnessed the subsequent increase in inventory if not for the uptick in mortgage rates.

Inventory 54

Inventory Sellers Buyers Contracts 54

Will Springer Realtor

MAY 13, 2024

home sales in 2023, the highest level since 2014. MAY HOUSING UPDATE Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. This is welcome news for both buyers and sellers, as most lenders will deny mortgage applications on a condo in active litigation.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

MAY 9, 2023

Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%. new Hispanic homeowner households have joined the market since 2014, bringing the current number of Hispanic-owned homes in the U.S. for a homeownership rate of 48.6%.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

AUGUST 9, 2022

RECESSIONS AND MORTGAGE RATES Recent data and the traditional definition show we are now in a recession even though there is debate among economic and political folks. this chart shows, each time the economy slowed significantly, mortgage rates declined. 48% own homes, reflecting a steady rise since 2014. of all U.S.

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

MAY 9, 2022

That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. home prices, up 14% year over year (YoY) by one measure, and escalating mortgage rates, which have risen about 2.1 The potent combo of rising U.S. home (about $400,000 vs. $880,000 in King County).

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

JULY 9, 2021

Since 2014, prices have risen across the board for all the projects ranked in the report, but this year has seen a spike in prices. Hispanic households fare better with 32% of this segment being able to afford the mid-priced new home. of all mortgaged properties, were in negative equity. >> A whopping 3.8 below the $7.2M

Buyers 36

Buyers Development Transportation Inventory 36