Housing Wire

MARCH 26, 2021

But the East Coast seaside town was gaining popularity way before then – millennials , especially, began flocking to the Portland housing market in 2020 to take advantage of the city’s growing startup scene of biotechnology , bioscience and biopharma. A balanced market, Davin said, requires five to six months.

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Housing Wire

MARCH 19, 2024

In August 2022, Polly announced that it extended its API portfolio to better accommodate lenders amid a contracting mortgage environment. Founded in 2019 by technology and mortgage professionals, Polly is a San Francisco-based provider of mortgage capital markets technology for banks, credit unions and mortgage lenders.

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Housing Wire

MAY 25, 2023

An index of 100 is equal to the level of contract activity in 2001. Affordability challenges certainly remain and continue to hold back contract signings, but a sizeable increase in housing inventory will be critical to get more Americans moving.” A big wildcard in the housing market right now is the debt ceiling debate.

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Inventory Housing Market Contracts Government 372

Housing Wire

DECEMBER 2, 2021

During the four week period ending November 28, the number of active listings was a 23% decrease compared to the same time period in 2020 and a 42% drop compared to 2019. The number of new listings was also down compared to 2020, dropping 4%, but it was 12% higher than the number of new listing during the same time period in 2019.

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Inventory New Listings Contracts Housing Market 516

Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. Pennymac also informed the market this week that an arbitrator concluded the company has to pay $155.2 million to Black Knight in damages related to a breach of contract claim.

Contracts 390

Contracts Investing Mortgage Investors 390

Housing Wire

OCTOBER 8, 2020

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the sharpest economic contraction since the Great Depression. economy contracted 31% in the second quarter, compared to a year earlier, as the nation struggled to contain the worst public health crisis in more than a century.

Mortgage 438

Mortgage Contracts Housing Market Marketing 438

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” said Yun. Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”.

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Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. The index dropped to 116.7

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Inventory Renovations Contracts Buyers 448

Housing Wire

JANUARY 31, 2023

Because most home sales take several months from contract to closing, the data likely includes some deals struck in July and August.) decline in October 2019,” Lazzara said. Looking ahead, Lazzara expects prices to continue to soften given the uncertainties faced by the housing market and the economy as a whole. “As

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Housing Market Contracts Buyers Marketing 422

Housing Wire

SEPTEMBER 22, 2022

The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%.

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Inventory Housing Market New Listings Mortgage 477

Housing Wire

MAY 28, 2021

Numerous other sales records were also set, including the median home sale price ($354,250) and number of days on the market (17, down from 36 one year ago). Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market.

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Buyers Real Estate Agent Real Estate Inventory 448

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. In February, NAR in partnership with Realtor.com released The Double Trouble of the Housing Market report. For Asian Americans the rate is 61.7%

Housing Market 450

Housing Market Realtors Buyers Inventory 450

Housing Wire

OCTOBER 15, 2021

One-third of homes that went under contract had an accepted offer within one week of hitting the market, a new report from Redfin found. In addition, the number of homes that went under contract within two weeks of listing rose to 46% from 42% during the same period in 2020. points from a month earlier.

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Contracts Landlords Inventory New Listings 403

Housing Wire

FEBRUARY 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the worst economic contraction since the Great Depression. Improvements were driven by the conventional segment of the mortgage market, as lenders added ARM loans with lower credit score and higher LTV requirements,” Kan said.

Mortgage 542

Mortgage Lending Government Contracts 542

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. The group’s Mortgage Credit Availability Index remained unchanged at 124.6 last month, still hovering near levels previously seen in 2014.

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Mortgage Government Buyers Contracts 497

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. For the first time since November 2022, pending home sales fell in March, posting a 5.2% year over year. year over year to 4.56

Inventory 437

Inventory Realtors Contracts Construction 437

Housing Wire

DECEMBER 10, 2020

In 2019] only 6% worked from home.”. In October, homebuyer traffic increased 32% year over year, while pending contracts increased 20% year over year. “…When the pandemic began, [there was a] tremendous amount of uncertainty, a large scare, knowing that we encountered the foreclosure crisis 10 years ago,” Yun said. “So

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Real Estate Realtors Housing Market Contracts 503

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Market their listings; go to their listings. All those guys weren’t doing that much volume in 2019,” Clark noted.

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Loan Officers Mortgage Buyers Inventory 426

Housing Wire

DECEMBER 4, 2020

over the next three years – nearly a percentage point lower than the average of the 2010-2019 decade. However, Nothaft expects that mortgages originated today, with a contract rate of 3% or lower, are more likely to have a relatively long life and lenders will not see them coming into refinance anytime soon.

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Mortgage Contracts Construction Inventory 518

Housing Wire

SEPTEMBER 11, 2020

billion Q2 2019. During shut-down orders, Zillow canceled contracts on homes and Opendoor pulled offers and layed off 35% of its staff. Phoenix had the most significant slump in the iBuyer market share in Q2. percentage points from Q2 2019. Phoenix had the most significant slump in the iBuyer market share in Q2.

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Contracts Marketing Agents Housing Market 442

Listing Spark

JUNE 21, 2022

Unless you’ve been living underneath a rock, you have likely heard talks of a housing market bubble that could burst at any moment. So, if you’re thinking of selling a home in 2022, here are a few tips to help you get started and navigate the housing market successfully. Hey, real estate fans! SOURCE: St.

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Sellers Housing Market Marketing Inventory 69

Housing Wire

JULY 3, 2023

Competition in the industry is even more fierce with the number of mortgage transactions expected to drop to 5 million in 2023 from 16 million in 2019, Lugat said, citing data from the Mortgage Bankers Association (MBA).

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Loan Officers Marketing Retail Renovations 348

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

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Housing Market Marketing Inventory Buyers 52

Lamacchia Realty

JUNE 21, 2022

That’s because fewer homes are being placed under contract. 2018 and 2019 depict the paths of what was a ‘typical’ market prior to the pandemic. The 2022 trend line is likely to mirror that of 2019, albeit at a lower scale, but with peaks in June and later in the fall.

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Housing Market Bracketing Marketing Sellers 65

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. Properties are still going under contract. Worried about missing out on a boom?

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Housing Market Marketing Real Estate Realtors 68

Hank Miller Team

OCTOBER 6, 2022

Attention media Please stop; the greater Atlanta housing market was just fine in the 3rd Qtr of 2022. The Atlanta housing market in Q3 2022 did not melt down. Atlanta Housing Market in Q3 2022 Let’s have a look at factual data. We examine list price, contract price and sold price.

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Supply Chain Contracts Housing Market Inventory 52

Housing Wire

APRIL 7, 2023

Reading headlines or, in this case, Tweet threads , rooted in the “demise of the market,” tend to create false pretenses that sway investment decisions, often when they shouldn’t. We can’t keep turning to 2019-2022 as a benchmark — we were experiencing unprecedented times. When this back and forth was unfolding, mortgage demand rose 2.9%

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Retail Real Estate Clients Modernization 377

Housing Wire

MARCH 3, 2022

“People used to talk about Compass all the time,” said Jonathan Miller, a real estate appraiser at Miller Samuel , who compiles housing market reports for Douglas Elliman , a Compass rival. billion valuation in 2019, is a stale subject , that’s a shame because now anyone can become a Compass expert. billion and flying to a $6.4

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Brokerage Agents Real Estate Law 345

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? I’ll also highlight which variables we should be watching for unexpected market shifts.

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Housing Market Marketing Inventory Sellers 543

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 There is also some pent-up desire to sell being released by a steadier interest rate environment and an overall slower market. In comparison, the average U.S.

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Insurance Inventory Marketing Real Estate 414

Housing Wire

NOVEMBER 20, 2023

It looks like this is evidence that housing markets are returning to normal rather than a case of sellers panicking, but it’s worth keeping an eye on. Watch the video above to get the latest housing market update from Altos Research. Housing inventory inches up There were 570,000 single-family homes on the market, or 0.5%

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Inventory New Listings Housing Market Sellers 444

Housing Wire

MAY 6, 2024

The good news for the housing market is that the pace of sales is gradually improving due to the expanded supply. housing market as we roll into May 2024. Housing inventory There are now just under 600,000 single-family homes on the market. More home sellers are coming back to the market each week.

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Inventory Contracts Sellers New Listings 443

Housing Wire

APRIL 1, 2024

There are still a lot of people who assume that mortgage rates need to fall before we see a rebound in home sales, but the data shows that we only need stability in the mortgage markets. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. There were another 15,000 condo sales started.

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Inventory New Listings Contracts Sellers 488

Housing Wire

FEBRUARY 20, 2024

The housing market data has been changing very rapidly this year. New listings rise New listings continue to show us that more sellers are interested in this market this year. With just under 50,000 new listings unsold coming to the market this week, that’s now 16% more than the same week a year ago.

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Mortgage Inventory Sellers New Listings 506

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%. NAHB: Sharp Contraction in Construction. Regardless, in almost every market, we believe prices will still remain above 2019 levels.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

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. month figure recorded in October 2019. Similarly, in 2018 and 2019, mortgage rates rose to 4.75

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Inventory Construction Government Housing Market 545

Lamacchia Realty

JANUARY 27, 2023

The 2022 Connecticut Year in Review Housing Report breaks down sales, new listings, new pending sales, active inventory, and average price compared to the 2021 market and analyzes what the data means for the current housing market and beyond. Homes Pending (contract accepted) There were 20.2% Sales Down 18.8%

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Inventory Sellers Buyers Real Estate 52