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.

Contracts 398

Contracts Landlords Inventory New Listings 398

Housing Wire

SEPTEMBER 22, 2022

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% Total Inventory data fell in this report from 1.31 It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52 I am a big fan of inventory to 2019 levels. Unsold inventory sits at a 3.2-month

Inventory 449

Inventory Housing Market New Listings Mortgage 449

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. There is no indication that contract activity will wane in the immediate future, particularly in the suburbs, Yun said.

Contracts 481

Contracts Realtors New Listings Real Estate 481

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. All those guys weren’t doing that much volume in 2019,” Clark noted. economy remains hot. For comparison, lenders funded $2.4

Loan Officers 396

Loan Officers Mortgage Buyers Inventory 396

Housing Wire

MAY 4, 2023

On the other hand, inventory is still low, and homes are still selling fast, often with multiple offers. Sales and new pending contracts are below pre-pandemic levels. Inventory has increased from a year ago but in most markets, it is still well below pre-pandemic levels. Buyer disappointment. Atypical seasonality.

Housing Market 403

Housing Market Marketing Inventory Buyers 403

Housing Wire

FEBRUARY 23, 2022

18 to the lowest level since December 2019, as mortgage rates eclipsed the 4% mark. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) increased to 4.06% from 4.05% the week prior. Mortgage applications decreased 13.1% for the week ending Feb.

Mortgage 395

Mortgage Retail Contracts Inventory 395

Housing Wire

MAY 28, 2021

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. The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike.

Buyers 417

Buyers Real Estate Agent Real Estate Inventory 417

Housing Wire

OCTOBER 5, 2023

Between the summer of 2019 to date, there have been at least 26 securitization deals backed by home equity products valued in total at some $6.1 The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. billion, according to offering documents.

Housing Market 394

Housing Market Marketing Contracts Finance 394

Housing Wire

SEPTEMBER 13, 2021

Still, the 69,563 homes that went into contract represented a 9% decrease from the high point set in May 2021. This limited inventory and strong demand is reflected in the 14% increase of the median home-sale price to $358,250, with the median asking price of newly listed homes at $353,500.

Housing Market 537

Housing Market Marketing Inventory Brokerage 537

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.

Mortgage 509

Mortgage Contracts Construction Inventory 509

Housing Wire

MARCH 16, 2022

for the week ending March 11 as mortgage rates rose to their highest levels since May 2019, according to the Mortgage Bankers Association ‘s latest survey. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,200) increased to 4.02% from 3.79%, with points decreasing to 0.37

Supply Chain 375

Supply Chain Mortgage Contracts Government 375

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? The key here are sales; fairly consistent and even the dip in Jan 2022 was higher than Jan 2019. No visible increase in inventory over the first quarter of 2022, if fact we're at a low point right now.

Inventory 94

Inventory Contracts Buyers Sellers 94

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. Ongoing strength in home-purchase applications and home sales continue to signal robust housing demand, even as low housing inventory remains a constraint,” Kan said.

Mortgage 541

Mortgage Lending Government Contracts 541

Housing Wire

MAY 10, 2022

The report used real time listing data to show the limited housing inventory and the repercussions to home buyers. By using real time inventory data, and stratifying by income, the report highlights that for a household who earns $75,000 to $100,000 they have 411,000 fewer homes available for sale compared to pre-pandemic.

Housing Market 421

Housing Market Realtors Buyers Inventory 421

Housing Wire

DECEMBER 21, 2023

The great news is that the program has undergone significant improvements, particularly after the Blue Water Navy Vietnam Veterans Act was signed into law in 2019. My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan.

Mortgage 435

Mortgage Renovations Appraisal Process Finance 435

Housing Wire

MARCH 2, 2022

It’s official: the mortgage industry has entered a purchase era , with refinance applications declining below 50% of the mix for the first time since June 2019, the Mortgage Bankers Association (MBA) reported on Wednesday. Regarding purchase applications, Kan said the activity remained weak amid a strong home-price growth and low inventory.

Mortgage 370

Mortgage Retail Contracts Government 370

Housing Wire

JANUARY 12, 2021

Court Cunningham, chief executive officer and co-founder, said he’s excited for Orchard to help consumers in the new markets, where demand has outpaced inventory. Orchard announced Tuesday its immediate availability to consumers in Houston, as well as future expansion into Charlotte, Raleigh-Durham, and the Washington, D.C.

Contracts 213

Contracts Real Estate Inventory Lending 213

Housing Wire

APRIL 1, 2024

Total available inventory is gradually climbing about 1% per week — last year it was still declining in April. As we roll into the second quarter, we should have accelerating inventory growth each week. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. That’ll feel like a lot!

Inventory 461

Inventory New Listings Contracts Sellers 461

Housing Wire

JUNE 24, 2021

The all-cash contract signed between Accept.inc and the seller is still contingent on a satisfactory inspection that can be negotiated between the buyer and agent. The trio closed a $7 million seed round in 2019. If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close.

Sellers 333

Sellers Buyers Investors Inspection 333

Housing Wire

MARCH 26, 2021

.” Diving into the housing numbers, Davin said Portland’s current absorption rate is 0.98 – meaning agents have less than one month of inventory of residential properties. With demand that high, homes for sale are going under contract 24 to 36 hours after they are put on the market.

Housing Market 460

Housing Market Marketing Real Estate Inventory 460

Housing Wire

MARCH 11, 2024

Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The only way inventory would grow in 2024 is if mortgage rates climbed. But the evidence is the opposite.

Inventory 505

Inventory New Listings Sellers Real Estate 505

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. In comparison, the average U.S.

Insurance 385

Insurance Inventory Marketing Real Estate 385

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. Of my initial expectations this year — rising inventory, rising sales rates, rising prices — only rising inventory remains clear at this moment as we finish Q1 with rising interest rates. As we started 2024, the signals in the U.S.

Inventory 406

Inventory New Listings Sellers Contracts 406

Housing Wire

NOVEMBER 20, 2023

Last week, I asserted that housing inventory growth had finished for the year. This week, the available inventory of unsold single-family homes crept up minimally. Housing inventory inches up There were 570,000 single-family homes on the market, or 0.5% Turns out I was wrong! After all, more sellers means more sales in 2024.

Inventory 416

Inventory New Listings Housing Market Sellers 416

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I According to Tiller, the tight inventory has caused homebuyers to spend up to six months searching for their new property, roughly double the time it took prior to the pandemic.

Inventory 392

Inventory Buyers Agents Real Estate 392

Will Springer Realtor

APRIL 9, 2024

It was particularly true on the Eastside, where sales surged 52% from February to March and 9% year-on-year (YoY) and inventory narrowed to under a month (29 days) before all homes for sale would theoretically be under contract if no others hit the market. months (20 days) of available inventory. Inventory stood at 1.3

Marketing 59

Marketing Inventory Buyers Sellers 59

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

AUGUST 28, 2020

The products I’ve put into this category primarily help in converting leads, prospects and opportunities into contracts. Specifically, I’m talking about listing agreements and sales contracts. The first is listing tools – the products designed for you to convert potential sellers into listing contracts.

Tools 243

Tools Sellers Real Estate Contracts 243

Lamacchia Realty

JANUARY 25, 2024

This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Average prices for closed sales increased by 7.2% Sales Decline by 18.9%

Inventory 53

Inventory Sellers Buyers Contracts 53

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. Unlike what the Northeast experienced, South Florida inventory is up over 2022 and the second half of 2021. South Florida Sales Decline by 17.5%

HOA 51

HOA Inventory Buyers Contracts 51

Hank Miller Team

OCTOBER 6, 2022

We examine list price, contract price and sold price. Each chart compares the Atlanta housing market in Q3 of 2022 to Q2 of 2022, then to each of the 3rd Qtrs of 2021,2020 and 2019. for contracted homes -3.4 for contracted homes +13.3 for contracted homes +13.3 for contracted homes +32.8

Supply Chain 52

Supply Chain Contracts Housing Market Inventory 52

Lamacchia Realty

OCTOBER 26, 2021

2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. The number of new listings has decreased but so has the number of pending sales, which means that inventory is lingering longer than it has been which is a positive sign for buyers. fewer listings over this time in 2019.

Inventory 69

Inventory Buyers Sellers Landlords 69

Lamacchia Realty

NOVEMBER 19, 2021

2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. As we head further into the Fall season, the number of pending sales has decreased which means that inventory is lingering longer giving buyers a little more time to find the home they want. fewer listings over this time in 2019.

Inventory 66

Inventory Sellers Buyers Landlords 66

Miller Samuel

FEBRUARY 12, 2019

The 10-year Challenge (2009 vs. 2019). Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed). Studio inventory is up 21% percent. The Apple Peeled Blog , February 12, 2019.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

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. Sales Down 18.8% and Prices Up by 5.9% overall from 53,369 to 43, 345 in 2022.

Inventory 55

Inventory Sellers Buyers Real Estate 55

Lamacchia Realty

SEPTEMBER 24, 2021

2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. Sellers have had the upper hand for a long time but need to be prepared for more inventory, meaning buyers won’t have to compete as much. But 6% more listings over this time in 2019. over August 2019. year over year.

Sellers 69

Sellers Buyers Inventory Realty 69

Lamacchia Realty

DECEMBER 21, 2021

2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. The decrease in the number of homes pending shows that inventory is lingering a bit longer than last year. Just like sales, 2021 prices are up higher when compared to 2019 as well by 24.2% 2021 – 6,025 2020 – 6,361 2019 – 5,528.

Sellers 70

Sellers Buyers Landlords Tenants 70