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 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic resulted in the worst economic contraction since the Great Depression. “Expected home sales growth this year is still likely to be driven by first-time buyers, spurred by millennials reaching peak first-time homebuyer age,” Kan said.

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Housing Wire

JULY 13, 2022

Keeping the figures simple, here is some math tied to the NAHB blog: If lumber in 2019 was $400/mbf, lumber cost was $11,200 per home If lumber in 2020 was $1070/mbf, lumber cost was $29,800 per home If lumber in 2022 is $400/mbf, lumber cost is back to $11,200 per home. From 2019 to 2022, interest rates added $474.

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Housing Wire

APRIL 26, 2021

The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year. Average listing prices never approached $325,000 in 2019.

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Housing Wire

MAY 31, 2023

housing market is not a monolith, so today we’re going to look at some markets where affordability is within the normal renter’s reach. In a study published this week, First American economist Ksenia Potapov analyzed the share of homes that are affordable to the median renter in any given market. But the U.S.

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Housing Wire

MAY 25, 2021

Home price data is consistent with the hypothesis that COVID-19 has encouraged potential buyers to move from urban apartments to suburban homes,” Lazzara said. This demand may represent buyers who accelerated purchases that would have happened anyway over the next several years. increase and Seattle with a 18.3%.

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Housing Wire

OCTOBER 20, 2022

The 30-year fixed-rate mortgage continues to remain just shy of 7% and is adversely impacting the housing market in the form of declining demand,” Sam Khater, Freddie Mac’s chief economist, said in a statement. Buyers, builders and sellers take a step back as inflation persists . A year ago at this time, rates averaged 3.09%.

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Housing Wire

JUNE 22, 2021

. “Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” said Lawrence Yun, NAR’s chief economist. The market’s outlook, however, is encouraging. Total housing inventory at the end of May grew to 1.23

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Housing Wire

DECEMBER 28, 2021

By the end of 2019, just 4,608 people called the town home, However, by early 2021, the population was already rebounding, with roughly 6,000 people living in Paradise. We have had over 200 lots active on the market at one time since 2019, so we are a little low on inventory.”. So, it’s coming along, but it’s a slow process.”.

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Quicken Loans

DECEMBER 16, 2021

Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. So, it’s no wonder that a year like that left experts and new buyers guessing. Buyer demand continued. In combination with low housing inventory and labor shortages, that drove up selling prices. real estate market is hot.

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Housing Wire

MAY 25, 2021

In order to account for uncertain prices and availability of materials, homebuilders are holding off on making homes available until they are further along in the construction process. ” Technology for navigating secondary market challenges. . ” Technology for navigating secondary market challenges.

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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. million to the lows of January 2019 at 4.98 Housing acts better when rates are below 4%. People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5%

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Housing Wire

SEPTEMBER 27, 2022

housing market — it now applies to the world economy. As I noted during my recent podcast on HousingWire, things are getting sloppy in the markets, and when chaos happens, you can’t ever be sure how bad the damage is going to be. Savagely unhealthy is no longer just a term for the U.S. He wants to see balance.

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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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Hank Miller Team

NOVEMBER 8, 2021

But in this maelstrom comes a confident 2022 housing market forecast from Goldman Sachs; they predict home prices will appreciate 16 during 2022. In 2019 the housing market found its legs and combined with a historically strong economy and low rates, the housing market caught fire.

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Housing Wire

OCTOBER 11, 2021

housing market this year? If we stick to the facts, however, we can glean a few important take-homes as to what risks the housing market faces for 2021 and beyond. First and foremost, it is important to remember that more Americans are buying homes with mortgages in 2020 and 2021 than any single year from 2008-2019.

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Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. million, below the 2019 range of 1.52 million to 1.93

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Housing Wire

MAY 3, 2024

We’ve been a sellers’ market here for at least the past eight years, but probably closer to 10 or 11.“ While this is up from a record low of 7,336 listings set in late April 2022, it is still well below the 29,951 listings in early May 2019, about a year prior to the onset of the COVID-19 pandemic. of moves being inbound versus 39.9%

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

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DataMaster

FEBRUARY 25, 2021

In the last year their price tags have jumped to levels that worry first-time buyers and would-be upgraders. Eighty-one percent of all home buyers have bachelor degrees or higher with similar numbers in the Millennials group. Only 23 percent of buyers 40-54 had student loan debt with a median balance of $30,000. Covid-19.

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Housing Wire

DECEMBER 16, 2021

When this article was published, the unemployment rate is at 4.2%, inflation is above 6%, and both stock market and housing market values are elevated. months, but the addition of new homes to the mix should lead to more choices for potential buyers in 2022, including many who had hesitated to list their homes in 2021.

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Empire Appraisal Group

JANUARY 11, 2023

Some housing markets may see an uptick in homebuying activity at the beginning of the year, especially if mortgage rates continue receding from a recent high of 7%. Still, mortgage rates are more than double what they were a year ago, ramping up rapidly this fall and walloping housing affordability. Realtor.com®

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Empire Appraisal Group

APRIL 22, 2021

Source: Housing Demand Likely to Stay High for Years to Come | Florida Realtors. While higher housing costs and mortgage rates will chip away at buyer demand, the sheer volume of current buyers makes the next buyers’ market appear far away. MECKLENBURG, Tenn. –

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Housing Wire

JULY 20, 2021

year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. “Last year was the strongest year in the housing market for new home sales in over a decade,” he said. In 2018-2019, total housing market inventory was in the range between 1.52

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Housing Wire

MARCH 8, 2023

It is no secret that the housing market is suffering from an ongoing inventory drought. Existing housing inventory fell by 11,021 homes week over week for the week ending March 6, according to data from Altos Research. million housing units were started , and 11.9 During that same time period, just 13.1

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Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. Of course, that’s until you look at the housing completion data, which hasn’t gone anywhere in years.

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Housing Wire

SEPTEMBER 22, 2020

housing market and compare those to where we are today — in the middle of one of the most epic years in our country’s history, due to COVID-19. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The February housing data, pre-COVID, was juicy indeed. compared to 2019 levels.

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Housing Wire

MARCH 1, 2022

Clearly, we love that the housing market supports so many professionals and households. But ultimately, efficient mortgage lending and real estate sales is what is most important to a healthy housing market. Knock.com offers solutions for both buyers and sellers. This could be read through a negative lens.

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Housing Wire

AUGUST 16, 2023

Due to the restrictions these regulations have created, Kamps said the HBACA is concerned about the area’s housing supply and housing affordability moving forward. Phoenix, said Vogel, was already dealing with low housing inventory and increasing affordability issues.

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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. This sector on an apples-to-apples basis is more expensive than the existing home sales market. percent (±11.9

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Will Springer Realtor

DECEMBER 11, 2022

The world of construction appears to be one of the only commodity-based industries yet to become truly efficient in the production of homes, office space and specialty structures. Robert Gordon, a noted Northwestern University economist, estimates the construction industry recorded negative productivity growth around the turn of this century.

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Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

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Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. For now, though, the low inventory means housing starts have legs to move higher. New Home Supply.

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DataMaster

FEBRUARY 25, 2021

In the last year their price tags have jumped to levels that worry first-time buyers and would-be upgraders. Education Eighty-one percent of all home buyers have bachelor degrees or higher with similar numbers in the Millennials group. Only 23 percent of buyers 40-54 had student loan debt with a median balance of $30,000.

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DataMaster

FEBRUARY 25, 2021

In the last year their price tags have jumped to levels that worry first-time buyers and would-be upgraders. Eighty-one percent of all home buyers have bachelor degrees or higher with similar numbers in the Millennials group. Only 23 percent of buyers 40-54 had student loan debt with a median balance of $30,000. Covid-19.

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Housing Wire

FEBRUARY 21, 2024

billion in sales is still 40% above 2019 levels. In the multifamily space, by contrast sales are down 65% from where they were in 2019. Those sales include “major buyers” like Inland , Blackstone, Starwood and American Realty Advisors , the company pointed out in its report. With the U.S.

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Housing Wire

FEBRUARY 5, 2024

Department of Housing and Urban Development. single-family homes for sale were new construction, similar to the percentage from a year earlier and good for the highest level of any fourth quarter on record. In 2011, only 13% of homebuilders worried about the cost of labor, versus 87% in 2019. Census Bureau and the U.S.

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