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. The report attributes this decrease to the normal seasonal slowdown, causing the shortage of inventory to slow as well. million and 1.92

Buyers 439

Buyers Inventory Real Estate Agent Agents 439

Housing Wire

MARCH 6, 2023

Growing supply shortages are holding housing prices higher, and affordability constraints coupled with elevated rates lock potential sellers in place. The three-pronged challenge of inventory shortages, unaffordable housing and rising interest rates kept home prices more moderate, as supply can’t match demand, the report said.

Housing Market 389

Housing Market Marketing Inventory Sellers 389

Lamacchia Realty

MARCH 24, 2022

This rapid increase is akin to a rate spike in 1994, however, the last time we saw 4.72% was in November of 2018. What does this mean for sellers? The impact may eventually diminish rising list prices as sellers become aware of buyers’ predicament with current rates. Seller Resources. Mortgage News Daily. April 8, 2021.

Mortgage 62

Mortgage Sellers Buyers Realty 62

Housing Wire

NOVEMBER 4, 2022

Housing affordability and limited inventory impacted the buying power of all buyers, however, the greatest impact was felt by Black and Asian Americans, as both groups saw a shrinking share of home buyers,” Jessica Lautz, NAR’s vice president of demographics and behavioral insights, said in a statement.

Buyers 362

Buyers Sellers Real Estate Agent Real Estate 362

Housing Wire

JULY 20, 2022

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. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

Inventory 511

Inventory Housing Market Marketing Realtors 511

Housing Wire

FEBRUARY 6, 2023

points on average, with a corresponding cost of about $1,500, in 2018 through 2020. “On While buyers seem to be returning to the market early in 2023, purchase loans locked in January are still off by 13% compared to the 2018 and 2019 pre-pandemic levels. points paid, Ben Graboske, president of Black Knight Data & Analytics, said.

Inventory 384

Inventory Mortgage New Listings Home Value 384

Housing Wire

NOVEMBER 9, 2022

Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. We saw this happen in 2013-2014 and 2018-2019. The glaring difference between now and 2014 is that total inventory levels are roughly 1 million lower now than the peak of 2014. nominal per year at most.

New Listings 486

New Listings Inventory Housing Market Sellers 486

Housing Wire

JULY 13, 2021

Two of my buyers just had their offers accepted because the sellers’ first buyers backed out. In 2018-2019, total housing inventory was in the range between 1.52 million, and that level of inventory helped to drive real home-price growth in 2019 into negative territory briefly. million and 1.92 million to 5.61

Inventory 500

Inventory Housing Market Real Estate Agent Buyers 500

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. For the same period this year, the company has 4,007.

Marketing 413

Marketing Inventory Renovations Investors 413

Housing Wire

AUGUST 3, 2022

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. The downside of rates moving up so quickly is that some sellers pull the plug until rates are better. NAR total inventory data.

Mortgage 504

Mortgage Inventory Sellers Housing Market 504

Housing Wire

MARCH 25, 2021

“During the course of the pandemic, ‘home’ had become more important than ever, and as a result, strong purchase demand continues—but buyers also outnumber the sellers,” Khater said. Sales of existing homes fell 6.6% in February to a seasonally adjusted annual rate of 6.22 month-over-month.

Mortgage 542

Mortgage Construction Realtors Inventory 542

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. Inventory, which has been falling for years, broke to all-time lows in 2020. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. Image by Brandon Johnson/HW Media.). million active listings, but at just 1.28

Sellers 504

Sellers Inventory Housing Market New Listings 504

Housing Wire

APRIL 22, 2024

We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners. Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce.

Real Estate 361

Real Estate Open Houses Brokerage Real Estate Agent 361

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. And that market is largely defined by a dearth of inventory. It was the fifth consecutive drop in inventory. The FOMC, as was predicted, raised the federal funds rate by 25 basis points to 0.25-0.50

Inventory 441

Inventory Design Mortgage Buyers 441

Housing Wire

MAY 3, 2022

The last time we had 5% mortgage rates was in 2018. HousingWire: How are existing home sales trends and inventory affecting the housing market right now? The main story of housing is that inventory got worse at the start of the year, and even this week, inventory levels are still showing negative year-over-year data.

Housing Market 390

Housing Market Marketing Inventory Mortgage 390

Hank Miller Team

APRIL 6, 2022

It's time to answer the nagging question…did housing inventory in Atlanta increase during the first quarter of 2022? Here we look at both detached and attached homes going back to Jan 2018. No visible increase in inventory over the first quarter of 2022, if fact we're at a low point right now. consider this a broad overview.

Inventory 94

Inventory Contracts Buyers Sellers 94

Housing Wire

APRIL 4, 2022

That was the highest reading since December 2018, the report said. With the housing market still red-hot and inventory at a crisis level , borrowers with cash and conventional almost always win out with sellers. And FHA borrowers on average locked rates at 4.9% on Friday, according to Black Knight’s Optimal Blue OBMMI.

Insurance 365

Insurance Loan Officers Sellers Mortgage 365

Housing Wire

DECEMBER 3, 2020

In 2018, Forbes ranked the city No. months worth of housing inventory, which is the lowest ever, the report from Keller Williams said. They bid $750,000 and again at $775,000, which the seller said would work. Boise, Idaho was the No. 1 on its list of America’s Fastest Growing Cities.

Marketing 533

Marketing Realty Realtors Housing Market 533

Miller Samuel

FEBRUARY 12, 2019

The number of units sold in Manhattan in 2018 was down by more than 14 percent compared to the previous year. In 2018 the discount was 5.2%. In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Studio inventory is up 21% percent.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Padove Appraisal Service

JANUARY 29, 2019

Is it a sellers’ market with a lot of buyers competing to purchase just a few, scarce listing, or is it a buyers’ market with numerous sellers trying to attract just a hand full of buyers? One of my favorite statistics to follow is inventory accumulation. The following chart shows months’ supply of inventory.

Marketing 78

Marketing Real Estate Inventory Sellers 78

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings. From 2022 to 2023 alone, rates rose 15%.

Insurance 389

Insurance Inventory Marketing Real Estate 389

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. How can housing inventory be so low today when it skyrocketed back in 2009? If you follow the trend of housing supply since 2014, it’s been falling every year — with a pause in 2018-2019 — and then collapsed lower post-2020. I don’t believe housing inventory below 1.52

Inventory 509

Inventory Housing Market Construction Marketing 509

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. If the market exhibited low inventory, the sale price may have been driven up because buyers likely competed for the home. Many sellers compare their homes to the other active homes and want to price above them.

Inventory 73

Inventory Sellers Agents Buyers 73

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? because the inventory during that time is typically at a higher point for the year.?September

Sellers 73

Sellers Inventory Buyers Realty 73

Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Inventory didn’t increase at the rate most assumed it would. It means they’re down.

Bracketing 64

Bracketing Marketing Sellers Buyers 64

Housing Wire

AUGUST 21, 2023

Buyers in this real estate market notice these affordability changes, and so we can see in the data fewer home purchase offers, slightly climbing unsold inventory, and slightly more price reductions for the homes that are on the market. Rising rates make more inventory. So how much inventory will we add this fall?

Inventory 370

Inventory Contracts Buyers Sellers 370

Housing Wire

APRIL 11, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 503

Inventory Housing Market Marketing Modernization 503

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 410

Inventory Housing Market Marketing Modernization 410

Housing Wire

OCTOBER 2, 2020

Like other mortgage firms, California-based AmeriHome has captured a glut of business over the last year due to low interest rates and paltry inventory. “Through our correspondent channel, we primarily purchase and aggregate residential mortgages from trusted third-party originators, who we refer to as ‘correspondent sellers.’

Valuation 249

Valuation Mortgage Business Modernization 249

Robinson Appraisal Group

MAY 16, 2018

Mortgage rates started around 4% at the beginning of 2018 and have seen a steady increase. With the positive retail sales data and the rising home costs due to low inventory in some of the major markets the interest rate hike is not a complete surprise. The Fed has forecast three rate increases in 2018.

Real Estate Agent 78

Real Estate Agent Real Estate Inventory Retail 78

Birmingham Appraisal

JANUARY 10, 2024

5) Sale Price Negotiation: Sellers in Shelby County experienced a positive shift in negotiations. The rise in the sale price to list price ratio suggests a favorable environment for sellers and the notable increase in cash sales points towards changing financing dynamics within the market.

Real Estate 77

Real Estate Sellers Appraisal Marketing 77

Housing Wire

MARCH 23, 2022

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. 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. First, total home sales should be 6.2

Mortgage 465

Mortgage Inventory Housing Market Construction 465

Lamacchia Realty

OCTOBER 13, 2022

Sellers and their agents use comps to help determine a proper list price for a property. In this market, a seller looking at comps to pinpoint their own target list price must be a little savvier than in years past. Market value is determined by sales, not the high hopes of a seller. Comps in the Post-COVID Market.

Marketing 69

Marketing Sellers Buyers Market Value 69

Birmingham Appraisal

MAY 11, 2022

Median home prices continue to rise as a result of high demand and limited inventory. The amount of time a home stays on the market before going under contract continues to decline as buyers snatch up what limited inventory is available. In a buyer’s market, the inventory is much higher and buyers have more choices.

Housing Market 52

Housing Market Marketing Inventory Buyers 52

Housing Wire

APRIL 12, 2024

Between 2018 and 2023, homeowners insurance rates in Louisiana jumped 24.9%, according to an analysis by S&P Global. Altos classifies scores above 30 to be indicative of a sellers’ market. Prices are still higher than they were previously, but at least in my area, sellers are working with buyers.”

Insurance 405

Insurance Housing Market Marketing Agents 405

Housing Wire

OCTOBER 10, 2023

Inventory continues to grow faster than last year at this time. Higher rates equal more inventory, and lower rates equal less inventory. If mortgage rates were to fall between now and January, expect to see inventory decline again next year like it did for most of this year. And there is certainly no flood of sellers.

Mortgage 419

Mortgage Inventory Contracts Sellers 419