Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. The Federal Reserve wanted to see the bidding wars end and the days on the market grow.

Inventory 473

Inventory Marketing Housing Market New Listings 473

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 524

Housing Market Marketing Inventory Realtors 524

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. This squeezed inventory even further throughout 2022 and 2023, pushing home prices to record highs month after month.

Inventory 420

Inventory Sellers Mortgage Marketing 420

Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy.

Inventory 520

Inventory Housing Market Marketing Mortgage 520

Housing Wire

MARCH 12, 2023

Last week was wild, and not just for the housing market. Weekly inventory fell by 6201 , and new listing data is down noticeably from last year, which was different than last week. According to Altos Research data , housing Inventory fell by 6,201 over the last week; the decline is less this week than last.

Housing Market 370

Housing Market Mortgage Marketing Inventory 370

Housing Wire

MAY 3, 2022

The last time we had 5% mortgage rates was in 2018. We only have three very mild negative year-over-year prints for all the hype of housing crashing back then. HousingWire: How are existing home sales trends and inventory affecting the housing market right now? Inventory is very seasonal.

Housing Market 404

Housing Market Marketing Inventory Mortgage 404

Housing Wire

NOVEMBER 2, 2020

I’m talking about housing market crash headlines. The housing data has been wild this year. 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.

Housing Market 545

Housing Market Marketing Inventory Design 545

Housing Wire

MARCH 6, 2023

Price impacts could strengthen again if 30-year rates continue to climb, as they have through late February, although tight inventory will put a floor on how much prices will ease, the report noted. 25, purchase lock counts were 21% below the same week in 2019, and 30% below the levels during the same week in 2018.

Housing Market 395

Housing Market Marketing Inventory Sellers 395

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. Presented by: PropStream.

Housing Market 544

Housing Market Marketing Government Real Estate Agent 544

Housing Wire

APRIL 29, 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. Conway, Arkansas. Rochester, New York. Paradise, California.

Housing Market 358

Housing Market Marketing Agents Real Estate 358

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

Inventory 361

Inventory Marketing Business Buyers 361

Housing Wire

JUNE 9, 2023

In 2022, mortgage rates got as high as 7.37%, so the question was: how low do rates have to go for housing demand to get better? 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.

Inventory 545

Inventory Housing Market New Listings Mortgage 545

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.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

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 512

Inventory Housing Market Marketing Realtors 512

Housing Wire

SEPTEMBER 24, 2023

In addition, jobless claims data had another solid print, showing that the labor market hasn’t broken yet, which led to more selling of the 10-year yield. On housing inventory , new listings data saw a small decline last week, but active listings grew at a healthy clip. Back then, we ran at 33% ; in 2018 and 2019 , it was 36%.

Mortgage 459

Mortgage Inventory New Listings Housing Market 459

Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., “In many areas of the country, that dynamic – low inventory and a modest rise in demand – led to an uptick in home prices.”

Inventory 397

Inventory New Listings Housing Market Mortgage 397

Housing Wire

JULY 13, 2021

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. In 2018-2019, total housing inventory was in the range between 1.52

Inventory 500

Inventory Housing Market Real Estate Agent Buyers 500

Housing Wire

APRIL 25, 2023

This article is part of our ongoing 2023 Housing Market Forecast series. After this series wraps, join us on May 30 for the next Housing Market Update Event. Inventory was so tight that homes often went to buyers with large down payments or even all-cash offers.

Inventory 374

Inventory Housing Market Marketing Mortgage 374

Housing Wire

NOVEMBER 3, 2023

million, falling somewhere between their March 2022 high (12 million) and their relative pre-pandemic November 2018 high (7.6 What to expect in the housing market ? Builders are benefitting from a lack of re-sale inventory as existing homeowners remain rate-locked in.” Job openings also kept steady in September at 9.6

Marketing 365

Marketing Construction Housing Market Government 365

Housing Wire

MAY 13, 2024

In 2023, home purchases slowed across the board due to low levels of inventory, high mortgage rates and soaring home prices. Nationwide, 90,772 mortgages for second homes were originated in 2023, down 40% from a year earlier and down 65% from the height of the post-pandemic housing boom in 2021, according to a new report from Redfin.

Mortgage 379

Mortgage Marketing Buyers Investing 379

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 357

Inventory Housing Market Marketing Construction 357

Housing Wire

SEPTEMBER 17, 2021

The report attributes this decrease to the normal seasonal slowdown, causing the shortage of inventory to slow as well. Another indicator of a slowing market cited by Redfin is the percentage of homes that sold above list price. In 2018-2019, total housing inventory was in the range between 1.52 In August, 58.8%

Buyers 441

Buyers Inventory Real Estate Agent Agents 441

Housing Wire

NOVEMBER 9, 2022

However, the housing market did run into one problem in 2020. Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. I knew housing would be OK as long as home prices only grew at 23% over five years — 4.6% We saw this happen in 2013-2014 and 2018-2019.

New Listings 492

New Listings Inventory Housing Market Sellers 492

Housing Wire

JUNE 12, 2023

The housing market, which is facing challenges with mortgage rates , affordability, prices and inventory, hasn’t been this purchase-dominant in decades, according to Black Knight ’s originations market monitor report. Last month, purchase locks accounted for 88% of the market mix, marking a record high.

Mortgage 418

Mortgage Housing Market Inventory Lending 418

Housing Wire

JULY 1, 2021

Although low and stable mortgage rates have kept the housing market booming over recent months, a deterioration in affordability and for-sale inventory has led to a market slowdown.”. For some economists, rising rates are the better option for counterbalancing the market.

Mortgage 500

Mortgage Housing Market Realtors Inventory 500

Housing Wire

AUGUST 9, 2023

“We feel the resiliency of residential purchase volumes, which have held up in a weak market despite mortgage rates spiking to 7%, is a testament to the underlying demand for housing the exists in this country.” This positioned us well given the low inventory coming into 2023.”

Insurance 358

Insurance Housing Market Inventory Real Estate 358

Housing Wire

JUNE 15, 2022

Mohtashami focused on the latest inventory and the Federal Reserve’s rate hike announcement. In 2018, when rates got to 5%, this index was primarily flat to positive year over year, with only three mild negative year-over-year prints. The weekly data is showing more inventory growth, so the NAR data will need time to catch up.

Inventory 362

Inventory Investors Retail Housing Market 362

Housing Wire

MARCH 12, 2024

Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% Financing options While the proportion of Latino buyers who used Federal Housing Administration ( FHA ) loans declined between 2018 and 2022, there may have been an uptick in 2023, according to NAHREP.

Real Estate Agent 458

Real Estate Agent Real Estate Buyers Realty 458

Housing Wire

APRIL 8, 2021

Mortgage credit showed signs of loosening up in March, and with it, more availability for lower credit scores and high LTV products to enter the housing market, the Mortgage Bankers Association said in a report on Thursday. A homebuyer’s guide to a competitive housing market. Presented by: Citibank.

Buyers 515

Buyers Mortgage Housing Market Government 515

Housing Wire

JANUARY 6, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. Any market characterized by rising demand against insufficient supply is Econ 101 for price growth.

Supply Chain 500

Supply Chain Housing Market Construction Inventory 500

Housing Wire

SEPTEMBER 28, 2020

This growth in demand is consistent with what I have been saying for many years – that if interest rates stayed low, good housing demographics in the years 2020 to 2024 would substantially drive up demand for housing, including new home sales, which will be the only period where we would start a year at 1.5 It is legit.

Inventory 524

Inventory Buyers Mortgage Housing Market 524

Housing Wire

AUGUST 3, 2022

The question is, can lower mortgage rates save the housing market from its recent downtrend? We saw this in 2013-2014 and 2018-2019. In 2018, sales trends fell from 5.72 Since home prices haven’t lost this year, you can see why I used talked about this as a savagely unhealthy housing market. housing market.

Mortgage 504

Mortgage Inventory Sellers Housing Market 504

Housing Wire

NOVEMBER 8, 2023

The days of the low-FICO homebuyer returning to the housing market have ended, as I discussed in 2018. This protects the housing market from another crash in home prices like we saw in 2008. Simple: positive cash flow homebuyers typically buy homes when credit channels are standard.

Housing Market 417

Housing Market Legal Marketing Mortgage 417

Housing Wire

NOVEMBER 8, 2023

In 2018, Zillow and Redfin joined the fray with their own iBuying business segments. Shrinking share, continuing losses The leading iBuyers have accounted for more than 1% of existing sales in only one year: when Zillow was clearing its books of the ill-fated Zillow Offers’ inventory.

Marketing 418

Marketing Inventory Renovations Investors 418

Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. Between 2018 and 2023, homeowners insurance rates in Louisiana jumped 24.9%, according to an analysis by S&P Global. From 2022 to 2023 alone, rates jumped 21.2%.

Insurance 419

Insurance Housing Market Marketing Agents 419

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. In 2018, Forbes ranked the city No. The demand is clear — the Boise housing market has just 0.3 Boise, Idaho was the No. 1 on its list of America’s Fastest Growing Cities.

Marketing 533

Marketing Realty Realtors Housing Market 533

Housing Wire

MARCH 25, 2021

At the current rate, unsold inventory sits at a mere 2 month supply, and it’s even lower than that in some of the country’s hottest housing market. Sales of existing homes fell 6.6% in February to a seasonally adjusted annual rate of 6.22 million, according to the National Association of Realtors. month-over-month.

Mortgage 543

Mortgage Construction Realtors Inventory 543