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. year over year in 2023 to 670,000 homes due to higher new home inventory than existing home inventory. year over year.

Inventory 398

Inventory Realtors Contracts Construction 398

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%. million to 1.28

Inventory 443

Inventory Housing Market New Listings Mortgage 443

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 397

Contracts Landlords Inventory New Listings 397

Housing Wire

JUNE 8, 2022

Despite the recent decline in mortgage rates , they were not low enough to spur refinance activity, which led to the decline of the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index. The purchase market has suffered from persistently low housing inventory and the jump in mortgage rates over the past two months.

Mortgage 393

Mortgage Inventory Contracts Retail 393

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.”.

Contracts 477

Contracts Realtors New Listings Real Estate 477

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.

Housing Market 454

Housing Market Marketing Real Estate Inventory 454

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. Even though the rates are higher now, I think it’s a great market for a first-time homebuyer,” Saghafi said.

Loan Officers 388

Loan Officers Mortgage Buyers Inventory 388

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.

Buyers 414

Buyers Real Estate Agent Real Estate Inventory 414

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 506

Mortgage Contracts Construction Inventory 506

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 412

Housing Market Realtors Buyers Inventory 412

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 541

Mortgage Lending Government Contracts 541

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. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market. REALITY: There is no limit.

Mortgage 429

Mortgage Renovations Appraisal Process Finance 429

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 charts below focus on key indicators; number of listings, number of sales, days on market and sale to list ratio. The broad market was strong and largely balanced through Jan 2020.

Inventory 94

Inventory Contracts Buyers Sellers 94

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

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.

Insurance 376

Insurance Inventory Marketing Real Estate 376

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. Buying and selling homes the traditional way isn’t sufficient in today’s hyper-competitive market,” he said.

Contracts 211

Contracts Real Estate Inventory Lending 211

Miller Samuel

FEBRUARY 12, 2019

Over the years, I have bantered with the Espinal Adler Team (Marie Espinal and Jeff Adler) at Douglas Elliman Real Estate about the market which has been invaluable for on the ground intel. I hope you find that this apple was fully peeled: Jonathan Miller’s Market Outlook. And, in-turn, when the market falls, it will fall forever.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

JUNE 24, 2021

Led by venture capitalist firm Signal Fire as well as existing seed investors Y Combinator and DN Capital , Accept.inc said it plans to use the funding to scale its platform, double its team size and enter new markets. The trio closed a $7 million seed round in 2019.

Sellers 324

Sellers Buyers Investors Inspection 324

Housing Wire

APRIL 1, 2024

But now sellers are coming back into the market. 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. That brings us to 367,000 single-family homes in the contract pending stage.

Inventory 457

Inventory New Listings Contracts Sellers 457

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 501

Inventory New Listings Sellers Real Estate 501

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. At the time, I observed that even if mortgage rates stayed flat, the momentum seemed to be in the cards for broad, slow growth in the market. I talk frequently about how rising rates creates rising inventory.

Inventory 396

Inventory New Listings Sellers Contracts 396

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. Back then, terrible lending regulations, a surplus of inventory, and little to no equity for homeowners was a recipe for disaster. How do we know the housing market is shifting? SOURCE: St.

Sellers 69

Sellers Housing Market Marketing Inventory 69

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. Listing tools.

Tools 239

Tools Sellers Real Estate Contracts 239

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. 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.

Inventory 406

Inventory New Listings Housing Market Sellers 406

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 Due to the demand from move-up buyers in Tiller’s area, the average days on market for homes with a median price of roughly $190,000 was just 17 days as of early March 2024.

Inventory 383

Inventory Buyers Agents Real Estate 383

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

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. by the end of next year.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

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. The number of homes sold is a key indicator of market activity. Days on Market.

Housing Market 52

Housing Market Marketing Inventory Buyers 52

Birmingham Appraisal

JUNE 28, 2022

Has There Been a Shift In The Real Estate Market? From all indications, there has been a definite shift in the real estate market. The recent increase in interest rates has injected another variable into the market that participants are reacting to. This is yet another indication of a shifting market.

Real Estate 52

Real Estate Marketing Inventory Sellers 52

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. That’s because fewer homes are being placed under contract. Price adjustments/decreases were up across the country in May.

Housing Market 61

Housing Market Bracketing Marketing Sellers 61

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. for contracted homes -3.4

Supply Chain 52

Supply Chain Contracts Housing Market Inventory 52

Housing Wire

MAY 22, 2024

So, it was necessary to highlight that for this report because our fresh current inventory data paints a different picture. Looking ahead, price growth will cool down in the second half of 2024 because of increased inventory and more homes taking a price cut before selling. from the previous year ($385,800). All four U.S.

Inventory 462

Inventory New Listings Housing Market Contracts 462

Eppraisal

APRIL 8, 2021

It's a "super seller's market" right now. According to the National Association of Realtors (NAR), the inventory of homes is at it's lowest since 1999. The NAR cites that in December of 2020 the inventory was down 23% compared to December of 2019. Now that springtime is here, more homes are coming on the market for sale.

Marketing 36

Marketing Inspection Contracts Buyers 36

Housing Wire

MAY 6, 2024

Inventory increases aren’t occurring at a super fast pace, but the number of homes on the market across the country keeps expanding. 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.

Inventory 405

Inventory Contracts Sellers New Listings 405

Housing Wire

FEBRUARY 20, 2024

Inventory is climbing vs. last year, and home prices have stayed flat for three weeks now. And as demand slows, inventory grows. Inventory is up over last year and is about to turn the corner and start climbing for the spring selling season, probably within a couple weeks. Is it too much inventory? So the spread grew.

Mortgage 488

Mortgage Inventory Sellers New Listings 488

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 48

Inventory Sellers Buyers Real Estate 48

Chicagoland Appraisal Blog

JULY 13, 2017

I came across a Facebook post from an appraiser friend of mine about an article written in the Chicago Tribune titled Homebuyers who pay cash win deals as appraisals derail sale in tight Chicago market. I wonder what quote we might receive from Mr. Gregory if market prices were declining. How often do realtors attend home appraisals?

Appraisal 78

Appraisal Marketing Realtors Real Estate 78