Housing Wire

DECEMBER 10, 2020

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Housing inventory in the Des Moines housing market is tight. I haven’t had anybody so far downsize.”.

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Housing Wire

JULY 26, 2023

“We immediately reach out to an insurance agent to see the insurability of the house because it is becoming more and more of a problem,” Armstrong, a Compass agent in San Diego, told HousingWire’s Brooklee Han in a feature we published Tuesday. That comes with its own risks – in many cases, wildfires.

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Housing Wire

APRIL 27, 2023

The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. Sales of new homes are already matching 2019 pre-COVID activity and are expected to increase in 2023, largely due to plentiful inventory in this segment of the market.” year over year.

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Housing Wire

MARCH 2, 2022

So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to a report from Zillow released on Tuesday. The shopping spree, in a historically wild housing market, led to Zillow’s implosion and a lot of red ink on Opendoor’s books. million in net income.

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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. Total housing inventory at the end of May grew to 1.23 Unsold inventory sits at a 2.5-month

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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. I can understand this mindset.

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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 6, 2022

HousingWire: Will inventory finally break the streak and be positive year over year? Logan Mohtashami: The year-over-year inventory trends will finally show some positive prints in the upcoming weeks. Higher rates are doing what they usually do, they create more days on the market, which allows inventory to grow.

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Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We

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Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing Inventory. Home price s.

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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%. Also, we have to know that we aren’t working from a high level of inventory data as well.

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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.”.

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Housing Wire

MAY 25, 2021

Higher material costs , a lack of inventory and labor continue to drive demand, pushing up home prices. “The housing market dynamics are pushing up prices of homes to the point that new homes especially are increasingly out of reach for lower-income and even many middle-income Americans,” Frick said.

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Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. In combination with low housing inventory and labor shortages, that drove up selling prices. real estate market is hot. Buyer demand continued.

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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

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 15, 2022

Some markets remain in flux, others have started to level off already. Atlanta is one of the steady ones, and housing inventory in Atlanta will not jump in 2023. The region has been growing consistently over the last decade and while the bump was experienced, there is solid footing which will keep this market stable.

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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

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time.

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Housing Wire

DECEMBER 4, 2020

over the next three years – nearly a percentage point lower than the average of the 2010-2019 decade. . “And I wouldn’t be surprised if this low rate environment continues even beyond 2021, not necessarily at 2.7% On average, CoreLogic predicts mortgage rates to sit closer to 3.2% Price appreciation is expected to average 2.5%

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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. The inventory of existing homes remains quite tight at less than 2.5 The inventory of existing homes remains quite tight at less than 2.5 What if it doesn’t?).

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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. But we have a housing shortage, right? If you look at the monthly supply for new homes from 1996 to 2005, it was always lower than what we saw from 2008 to 2019. Wait, what?

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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

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. But we have a housing shortage, right? If you look at the monthly supply for new homes from 1996 to 2005, it was always lower than what we saw from 2008 to 2019. Wait, what?

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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 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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Housing Wire

AUGUST 18, 2020

The Census report on new construction showed a whopping 22.6% increase above the revised June estimate in housing starts in July. This means we can add housing starts to our growing collection of V-shaped recovery charts for the 2020 housing market. We spent parts of 2019 whittling down the excess inventory.

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Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. In response, they stalled construction for 30 months.

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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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DataMaster

FEBRUARY 25, 2021

The median household income of first-time buyers in 2020 was $80,000 , up from $68,703 in 2019. As Lawrence Yun, NAR chief economist said, Unless the housing supply increases, the future of home ownership for young adults is bleak. Inventory is in Short Supply in 2021. New Home Construction. Interest Rates in 2021.

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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. High-quality homes sell in nearly every market. Worried about missing out on a boom?

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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

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

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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Housing Wire

MAY 23, 2023

Demand for newly built homes has been strong amidst the historically low inventory of existing homes for sale ,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. This spring, new home sales are a more important part of the market than they would be in a more typical year.

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Empire Appraisal Group

APRIL 22, 2021

It’s likely that the people represented by these missing households would like to move out on their own at about the same rate as previous generations, but a number of long-term financial and housing factors have come together to make homeownership and household formation more difficult. All rights reserved.

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Housing Wire

FEBRUARY 21, 2024

The reports note that Millennials are reaching the typical age of homebuying at a time when a prospective homebuyer who can pay a 20% down payment and can pay the equivalent of the going market rent towards a monthly mortgage payment would not even qualify for the median home in the U.S. billion in sales is still 40% above 2019 levels.

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