article thumbnail

Opinion: The end of seller speculation in US housing market

Housing Wire

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. Table 1: 10 Hottest Housing Markets out of the Top 250 Metro Areas, February 2022. Table 1: 10 Hottest Housing Markets out of the Top 250 Metro Areas, February 2022.

article thumbnail

Where home seller profit margins are shrinking

Housing Wire

Despite this drop, investment returns for home sellers is still up from 48.8% 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. Metro results for home sellers. in Q2 to 65.4%

Sellers 367
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NAR adds home improvement contractor’s app to Realtor benefits

Housing Wire

“This collaboration reflects our dedication to equipping NAR members with innovative solutions that cater to the evolving needs of their clients, ensuring a smooth experience for sellers and buyers alike,” said Rhonny Barragan, NAR vice president of strategic alliances in an announcement of the deal. markets, according to the page.

article thumbnail

Risks of nonbank mortgage sellers and servicers revisited

Housing Wire

In a comprehensive study of mortgage market liquidity, Liquidity Crises in the Mortgage Market , several well-known academics provided compelling evidence for “liquidity vulnerabilities associated with nonbanks.” The post Risks of nonbank mortgage sellers and servicers revisited appeared first on HousingWire.

Sellers 413
article thumbnail

Housing Market Tracker: Spring inventory grows

Housing Wire

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The market is a bit calmer now than when Silicon Valley Bank failed , evident in how the stock and bond markets traded this last week. While the labor market is getting less tight, it’s not broken yet.

Inventory 511
article thumbnail

How the housing market will evolve in 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. economy has remained resilient, backed by a very strong labor market, sky-high job openings and low unemployment. in September 2022. The overall U.S.

article thumbnail

‘Will your wins’: Luxury agents share tips for breaking into the high-end market

Housing Wire

Eventually, in 2017, he heard back from the husband. I mean, you have to fake it until you make it,” Goldentayer said about agents looking to break into the ultra-luxury market. Anytime I am going into a pitch, I do what I can to best understand who a seller is meeting with and who my competition is. “I You know what he said?”

Agents 400