Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. In a regular market, they would be closer to 5.25%.

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Inventory Housing Market Marketing Mortgage 434

Housing Wire

MAY 7, 2023

2017 99,880 2016 88,105 2015 94,101 As you can see in the chart below, new listing data is very seasonal; we don’t have much time to get some more growth here. Even though the labor market is currently showing signs of getting softer , there is no job-loss recession yet. The total NAR inventory is still 980,000.

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Inventory Housing Market Marketing New Listings 482

Housing Wire

JULY 29, 2022

A few months ago, the United States housing market failed Econ 101. The table also reports the year-over-year percent change in new listings for each market. The table also reports the year-over-year percent change in new listings for each market. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%

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Housing Market Sellers Marketing New Listings 390

Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. million at the end of 2017 to 4.98

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Housing Market Marketing Mortgage Inventory 492

Housing Wire

FEBRUARY 8, 2021

Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing? . We know the current status of the housing market in America is vigorous, if not hot. Here is a link to one of those articles.

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Housing Market Marketing Government Real Estate Agent 544

Housing Wire

JANUARY 7, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. San Diego, California. But overall demand is on the rise.

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Housing Market Marketing Real Estate Agent Agents 324

Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? However, you don’t need to be a rocket scientist or have a Ph.D.

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Housing Market Marketing Inventory New Listings 368

Housing Wire

APRIL 5, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. A growing number of sophisticated investors are also betting that climate change will dramatically impact the housing market.

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Buyers Real Estate Agent Real Estate Brokerage 430

Cleveland Appraisal Blog

JANUARY 5, 2023

We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. How have the rapidly increasing mortgage interest rates impacted the housing market in Northeast Ohio?

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Housing Market Marketing Appraisal Inventory 369

Housing Wire

JULY 25, 2023

One of my recent new home buyers got their final quote on a property a 30-minute drive from the coast and it had gone up 40% from a year ago. The rising costs and lack of availability of homeowners insurance has forced many homeowners and buyers to turn to Citizens Property Insurance Corporation , the state’s insurer of last resort.

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Insurance Housing Market Marketing Agents 338

Housing Wire

MAY 24, 2024

The Tax Cuts and Jobs Act of 2017 defines opportunity zones as census tracts in or alongside low-income neighborhoods that meet various criteria for redevelopment in all 50 states, the District of Columbia and U.S. On a year-over-year basis, however, prices increased in nearly two-thirds of these zones. territories.

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Home Value Housing Market Design Investors 338

Housing Wire

MARCH 8, 2024

million homes, representing about 10% of the nation’s housing market, are already unable to obtain flood insurance as many insurers across Canada avoid flood zones. Since September 2017, NFIP has been reauthorized without dedicated legislation 28 times. According to the Insurance Bureau of Canada , roughly 1.5 In the U.S.,

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Insurance Mortgage Housing Market Buyers 356

Housing Wire

MAY 22, 2024

Looking at the chart above, inventory started growing late this year, but it seems normal compared to 2017-2019. This growth is a positive housing story in 2024, something I talked about on Yahoo Finance this morning. from March to a seasonally adjusted annual rate of 4.14 million in April. This isn’t the case in 2024.

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Inventory New Listings Housing Market Contracts 449

Housing Wire

MAY 23, 2024

But they face competition from large institutional investors in the housing market. Before joining HUD, Todman was the CEO of the National Association of Housing and Redevelopment Officials (NAHRO) from 2017 to June 2021. She also served as executive director of the District of Columbia Housing Authority (DCHA).

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Renovations Investors Housing Market Law 306

Housing Wire

FEBRUARY 2, 2021

And if WFH does stick, what will the consequences be for the housing market? This demographic motherlode means we will have a healthy number of replacement buyers for 2020-2024. During 2017-2019, the cities with the most significant total population growth were Dallas, Phoenix, Houston, Atlanta, and Austin.

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Housing Market Marketing Inventory Law 419

Housing Wire

JANUARY 12, 2023

The housing inventory shortage dominated much of the conversation surrounding the housing market in 2022, but thanks to softening homebuyer demand, the number of active listings finished the year up 54.7% compared to the year prior, according to Realtor.com’s December Housing Report. compared to December 2019 and 38.2%

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Inventory Buyers New Listings Sellers 518

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. How lenders can continue to serve borrowers despite housing affordability challenges. Presented by: Finance of America.

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Housing Market Mortgage Investors Finance 414

Housing Wire

DECEMBER 29, 2023

It was the first annual decline ever recorded since 2017. Some Americans are still chasing affordability In November, all of the 10 most popular migration destinations posted lower prices than the most common origin of buyers moving in. The share dropped to 23.9%, the lowest level seen in a year-and-a-half, according to Redfi n.

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Buyers Housing Market Finance Real Estate 335

Housing Wire

MARCH 14, 2024

We have a sale in Broward County, the highest residential resale in that county, and that buyer came from a transaction in Hawaii years before. We had data in our platform that served up this person as a potential buyer, even though on the surface they wouldn’t look like a candidate for this house.

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Real Estate Sellers Buyers Tools 334

Housing Wire

SEPTEMBER 23, 2022

A recent article, “Stop subsidizing Wall Street buying up homes,” perpetuates an uninformed stereotype of single-family rental home companies while revealing a serious neglect for the important contributions industry firms bring to today’s housing market. to 67.6%; Nashville from 71.1% to 75.2%; and Phoenix from 62.7%

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Inventory Housing Market Investors Investing 320

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

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Mortgage Inventory Housing Market Construction 440

Birmingham Appraisal

MAY 11, 2022

So How’s The Birmingham Housing Market? We’ll take a look at some key metrics including sales volume, median sales price trends, days on market, the sale price to list price ratio, active listings, and months of supply. The number of homes sold is a key indicator of market activity. Number of Homes Sold.

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Housing Market Marketing Inventory Buyers 52

Housing Wire

MAY 14, 2024

Moreover, when it comes to housing Congress talks a good game, but more often takes a hike in the wrong direction. In the 2017 tax bill, caps on state and local tax (SALT) deductions and a boost in the standard deduction eviscerated the mortgage interest deduction, ending its use for all but the wealthiest homebuyers.

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Sellers Realty Insurance Realtors 295

Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 Boise, Idaho was the No. In 2018, Forbes ranked the city No. 1 on its list of America’s Fastest Growing Cities.

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Marketing Realty Realtors Housing Market 531

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.

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Inventory Housing Market Construction Marketing 492

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

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Inventory Renovations Supply Chain Buyers 370

Empire Appraisal Group

FEBRUARY 10, 2022

Buyers Denied Loans. In the current housing market, owning a home is already difficult, especially for first-time homebuyers. As property values rise and homeowners pay off their loans, i.e. mortgages, the market turns shelter into an investment. In the past five years, from 2017 to 2021, Black homeowners across the U.S.

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Buyers Mortgage Housing Market Real Estate 78

Berkshire Hathaway

MAY 5, 2021

The trend this year seems to be among buyers “why is it so hard to find a house” Well one of the answers is we are in the ultimate sellers’ market, which means the market it very competitive for buyers right now. Though buyer shouldn’t be alarmed.

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Housing Market Marketing Sellers Buyers 41

Housing Wire

SEPTEMBER 14, 2023

housing market is short by at least 6.5 After more than a decade of under-building relative to population growth, there are simply not enough affordable entry-level and first-time move-up options available for buyers. Most recently, rising interest rates have intensified the fight for housing. million homes.

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Tenants Government Law Buyers 355

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.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

FEBRUARY 28, 2022

million existing home sales, which was only roughly 130,000 more than 2017 levels.”. million as mortgage buyers became more active toward the end of the year, which breaks from the seasonal patterns. housing market is the inventory crisis, as we have started 2022 with fresh new all-time lows in inventory. million and 6.16

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Inventory Housing Market Realtors Marketing 398

Housing Wire

OCTOBER 20, 2022

This coincides with a decrease in gross profits during that time, with the typical single-family home and condo sale dropping 6% to $120,100, representing the largest quarterly decrease since early 2017. This has resulted in a growing supply of homes for sale, and in turn pushed home prices down (though not in every market).

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Sellers Investing Housing Market Real Estate 365

Lamacchia Realty

JUNE 21, 2022

Now, months later, with rates up nearly 100% from the start of the year- January mortgage rates were hovering in the low to mid 3’s and this week reached 6.28%- diminished buyer affordability is causing a big downshift in demand. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.

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Housing Market Bracketing Marketing Sellers 65

Housing Wire

SEPTEMBER 12, 2023

Founded in 2017, the proptech purchases a home for a potential buyer and then rents it back to them for up to three years. Divvy Homes conducted an unknown number of layoffs in February and laid about 40 employees or 12% of its staff in September 2022.

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Valuation Landlords Investing Buyers 303

Housing Wire

FEBRUARY 8, 2022

Both properties sold to owner-occupant buyers for under $150,000 apiece. “I Combined with thousands of other local community developers like her, McCormick’s efforts are moving the needle when it comes to quality, affordable housing for owner-occupants nationwide. Some of the areas where I grew up have taken a big hit.

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Renovations Buyers Development Design 339

Housing Wire

OCTOBER 9, 2023

While Sterbcow acknowledges that housing affordability is a challenge for many, he sees some additional factors at play. Sterbcow believes the lull in CFPB RESPA enforcement action between 2017 and 2023 gave real estate and title professionals the impression that RESPA was no longer a priority.

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Real Estate Insurance Brokerage Real Estate Agent 425

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. This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make.

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Housing Market Marketing Real Estate Realtors 68