Housing Wire

MAY 10, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. The housing market is heading toward an inflection point — a rebalancing that will mean the end of the record-high price appreciation we’ve seen over the past year.

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Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. And when buyers of manufactured homes are unable to secure a loan, they must eitherscrape together the cash on their own or resort to seller financing—or forgo the purchase altogether.

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Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. Despite these obvious signs of a slowing market, Redfin states that it is in line with the typical seasonal decline. In August, 58.8%

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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. Two of my buyers just had their offers accepted because the sellers’ first buyers backed out.

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Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

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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.

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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 They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. housing market.

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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. since the fourth quarter of 2018. How quickly would sellers return if rates were lower? New data from the U.S.

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Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.

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Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. I have been talking about the range of inventory that I need to see to remove the ‘ savagely unhealthy’ housing market theme. million, we will be in a much better place for housing. This is the unhealthy aspect of housing.

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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%.

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Housing Wire

NOVEMBER 4, 2022

These factors also impacted when, where and how buyers purchased homes, according to NAR’s 2022 Profile of Home Buyers and Sellers , which also analyzed the demographic of buyers and sellers across America. Those who have housing equity hold the cards and they’ve fared very well in the current real estate market.

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Housing Wire

MARCH 25, 2021

Unfortunately, this disproportionately affected the low end of the market, where supply is the slimmest, said Sam Khater, Freddie Mac’s chief economist. 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.

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Housing Wire

OCTOBER 30, 2020

The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods. These minimum price limits serve no legitimate purpose.

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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 They bid $750,000 and again at $775,000, which the seller said would work.

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Housing Wire

APRIL 4, 2022

That was the highest reading since December 2018, the report said. The only guy who isn’t affected by interest rate growth right now is someone who is buying a million-dollar house, putting down 25% to 30%,” Westcott said. And FHA borrowers on average locked rates at 4.9%

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Housing Wire

OCTOBER 29, 2020

The Federal Reserve began buying bonds in March to buffer the shutdown’s economic blows and make borrowing cheaper, and consistently low and steady mortgage rates have pushed homebuyers to flood the market. On Wednesday, Case-Shiller’s home price index for August jumped 5.7% – the greatest year-over-year gain since 2018.

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Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above.

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Lamacchia Realty

JUNE 21, 2022

For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying. The low rates made it possible to offer more on a home as the cost of borrowing was lower and therefore, sellers weren’t the ones competing, buyers were. The same will be true for sellers.

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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. In 2018, Zillow and Redfin joined the fray with their own iBuying business segments.

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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. Have higher rates worked? Some data to consider: 1.

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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. This stat is tied directly to the type of market we are in.

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Housing Wire

MARCH 16, 2022

percent, the first time the FOMC has changed the federal funds rate in two years, and the first rate hike since March 2018. Whether it slows the frenetic pace of a housing market with historically low supply is yet unclear. The FOMC, as was predicted, raised the federal funds rate by 25 basis points to 0.25-0.50

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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. KEY RESOURCES: Study Of How Previous Pandemics Affected The Real Estate Market.

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Housing Wire

JUNE 16, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Recently, Bergen County has been home to one of the hottest housing markets in the country. For every seller I probably have 50 buyers.” At the peak, there was a lot more panic in the market.

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Housing Wire

OCTOBER 26, 2020

On the road to evolving into a comprehensive real estate services and technology company with the ability to manage the entire mortgage lifecycle, Xome was named a HousingWire Tech100 winner in both 2018 and 2020. As low mortgage rates continue to fuel the housing market, lenders are reporting record-breaking purchase and refinance volumes.

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Housing Wire

DECEMBER 10, 2021

As we approach the end of another hot year for the market, homebuyers and sellers are eagerly looking ahead to the 2022 housing market. Will the market continue its streak of strong growth, or are we finally about to see a slow down? Demand will continue to be strong into 2022.

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Housing Wire

JANUARY 27, 2022

The sellers that Arrington bought the home from, purchased the home in November 2018 for $10.4 Usually, it is just a threatening letter to scare you into stopping.”. The home was originally designed in 2015 by Florida-based architect Cesar Molina. million, according to property records.

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Housing Wire

JANUARY 31, 2022

The sellers that Arrington bought the home from, purchased the home in November 2018 for $10.4 Usually, it is just a threatening letter to scare you into stopping.”. The home was originally designed in 2015 by Florida-based architect Cesar Molina. million, according to property records.

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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. As you can see below, the new home sales market from 2018-2022 doesn’t look like the housing market we had from 2002-2005.

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Birmingham Appraisal

JANUARY 10, 2024

The 2023 real estate market was not good to most in the industry and today we’re going to look at what happened in December with Birmingham Housing Stats as well as the year in general. However, the median days on market remained unchanged at 13 days, indicating some variation in the time properties spend on the market.

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Birmingham Appraisal

APRIL 24, 2024

Days on Market: Properties took a tad longer to sell, with the average days on market increasing by 8.70% and the median days on the market rising by 13.64%. Sale Price Negotiation: Sellers maintained a stable position in negotiations, with the average sale price to list price ratio (SP/LP) remaining constant at 97%.

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Lamacchia Realty

JUNE 3, 2021

Eileen is a member of the Lamacchia Realty 2017 , the 2018, the 2019 , and 2020 President’s Club ELITE. In 2018 and 2019 , she was awarded Most Sales and Most Sales Volume for our Woburn Office. Angela has made the President’s Club in 2017 , 2018 , 2019 , and in 2020 became a member of the President’s Club ELITE!

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Lamacchia Realty

OCTOBER 13, 2022

Sellers and their agents use comps to help determine a proper list price for a property. Closed comparable sales, also known as ‘comps,’ are used to approximate market value for residential properties. Comps in the Post-COVID Market. The market dynamics are changing quickly and drastically in this post-COVID world.

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Lamacchia Realty

SEPTEMBER 13, 2022

2) Under Agreement Date of Sold Properties This is as important as #1 but it is often overlooked by home sellers and agents. It is necessary to look at the date the offer was accepted on a home because you must consider what the market was like at that time. ?If Price Adjustments in this New Housing Market. Read More ».

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Housing Wire

JANUARY 31, 2023

Read on for more about Marquis’s perspective on the housing market, business strategies for 2023, and his take on the loan level pricing adjustment (LLPA) fees. I can’t tell that seller, ‘I’ll buy your house contingent on me selling mine.’ It’s a very tough market.

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Lamacchia Realty

NOVEMBER 28, 2022

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.?Their Historically, for home sellers who list in the late summer and early fall, their? In many cases, this is not correct. Since then, rates have only continued to increase.

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