Housing Wire

DECEMBER 3, 2020

Even prior to the pandemic , housing inventory had hit record lows, and the problem has only gotten worse as demand continues to rise. Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market.

Inventory 546

Inventory Housing Market Marketing New Listings 546

Housing Wire

MARCH 18, 2022

While demand is solid, the savagely unhealthy aspect of housing is continuing. Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month NAR Research : Unsold inventory sits at a 1.7-month

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. Mortgage rates followed suit, walloping buyers’ purchasing power. New data from the U.S.

Inventory 437

Inventory Sellers Mortgage Marketing 437

Housing Wire

JUNE 21, 2022

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. NAR Research : The median existing-home price for all housing types in May was $407,600, up 14.8%

Housing Market 540

Housing Market Marketing Inventory Mortgage 540

Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Weekly inventory change (Feb.

Housing Market 451

Housing Market Marketing Inventory New Listings 451

Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. million in January down to about 4 million in December, We now have total inventory levels near all-time lows again. The days on market were too low.

Inventory 540

Inventory Housing Market New Listings Marketing 540

Housing Wire

JUNE 28, 2022

This data line lags the current housing market as it’s a few months old. Since the summer of 2020, I have talked about how to cool down home sales: we need the 10-year yield to break over 1.94%. Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. The 20-City Composite posted a 21.2%

Housing Market 482

Housing Market Marketing Inventory Investors 482

Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. I was adamant about the price growth rule of 23% from 2020 to 2024.

Housing Market 526

Housing Market Marketing Inventory Realtors 526

Housing Wire

SEPTEMBER 17, 2021

Despite several indicators of a slowing housing market, prospective home buyers should not get too excited – inventory remains limited and changes are in line with the traditional seasonal slowdown, according to RE/MAX ’s August national housing report. increase in median home sale price from August 2020.

Housing Market 511

Housing Market Marketing Inventory Buyers 511

Housing Wire

DECEMBER 2, 2021

It’s official – housing inventory in America is at a crisis level. 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 post Housing inventory has never been lower appeared first on HousingWire.

Inventory 516

Inventory New Listings Contracts Housing Market 516

Housing Wire

DECEMBER 7, 2022

Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22 million Historically inventory levels range between 2 million and 2.5 Naturally, with those two variables in place, demand will collapse.

Housing Market 543

Housing Market Mortgage Marketing Inventory 543

Housing Wire

NOVEMBER 19, 2020

Days on market fell from 36 days to 21 days on a year-over-year basis. Cash buyers remain at a historically high level of 19%, the same as last year, while sales grew 26.6% The housing market is hot. You may be told that future moderation indicates “cracks in the housing market, but don’t buy into it.

Housing Market 545

Housing Market Marketing Inventory Buyers 545

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. The Federal Reserve wanted to see the bidding wars end and the days on the market grow.

Inventory 491

Inventory Marketing Housing Market New Listings 491

Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Housing Market 405

Housing Market Marketing Inventory Buyers 405

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022.

Housing Market 535

Housing Market Marketing Inventory Mortgage 535

Housing Wire

MAY 21, 2021

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. I have been saying we should expect home sales to moderate since the end of summer 2020, and that is what we see in this report. The post Existing home sales data: A bad sign for housing market?

Housing Market 541

Housing Market Marketing Inventory Realtors 541

Housing Wire

DECEMBER 2, 2020

As 2020 comes to an end, realtor.com ’s economists believe that the housing inventory shortage won’t be as dire in 2021. Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said.

Housing Market 522

Housing Market Marketing Inventory Buyers 522

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. As a result, the local housing market is going to be subdued in 2023, especially in the first half of the year. most likely by mid-year.

Housing Market 454

Housing Market Marketing Inventory Sellers 454

Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. Gradually increasing mortgage rates, heightened home prices and inventory levels at historic lows finally coalesced in February to depress in-contract deals. and West (96.9) respectively.

Inventory 511

Inventory Contracts Housing Market Buyers 511

Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. housing market; the 10-year is above 1.94%, something that didn’t happen in 2020 or 2021. Unsold inventory sits at a 2.0-month

Housing Market 503

Housing Market Marketing Inventory Mortgage 503

Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. months nationally.

Housing Market 504

Housing Market Marketing Inventory Mortgage 504

Housing Wire

MAY 2, 2023

The housing market functions differently than other markets because it can be characterized as a heterogeneous, thinly traded, illiquid market. In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. The result is fewer sales.

Housing Market 393

Housing Market Marketing Sellers Inventory 393

Housing Wire

MARCH 18, 2021

The progression of homebuying over the past year has seen prospective buyers adjusting their preferred destination plans again, and again, and again. For a time, Colorado Springs became the de facto destination for buyers priced out of living in Denver. How borrower education can make housing more attainable.

Housing Market 542

Housing Market Marketing Real Estate Agent Buyers 542

Housing Wire

JANUARY 4, 2021

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum. A buyer’s market in 2021?

Housing Market 546

Housing Market Marketing Buyers Real Estate Agent 546

Housing Wire

APRIL 7, 2021

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. Specifically, housing markets like Portland, Maine , Bay City, Mich. markets; by December 2020, prices were already up 23.6%

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

APRIL 15, 2021

In modern history, the housing market has never seen a month like March. Record demand and the lowest levels of inventory on record pushed sales prices to record highs in March and made life very complicated for buyers, real estate agents, builders and lenders across the United States.

Housing Market 497

Housing Market Marketing Real Estate Agent Real Estate 497

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. But buyers shouldn’t get too excited. But buyers shouldn’t get too excited. In August, 58.8% million and 1.92

Buyers 466

Buyers Inventory Real Estate Agent Agents 466

Housing Wire

MAY 5, 2022

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Demographics still point towards a market with strong demand – the largest cohort of millennials, the largest generation in U.S. To register for the HW+ event, go here.

Housing Market 370

Housing Market Marketing Inventory Buyers 370

Housing Wire

MAY 21, 2021

Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.). .” from a year ago.

Housing Market 540

Housing Market Marketing New Listings Mortgage 540

Housing Wire

MARCH 2, 2023

Nationwide, pre-pandemic the first week of February typically marks the lowest point for housing inventory during the year, as sellers return to the market in time for spring, but since the onset of the pandemic this predictable trend has been thrown out the window. “ What happened to ‘normal’?

Real Estate Agent 404

Real Estate Agent Inventory Real Estate Agents 404

Housing Wire

APRIL 2, 2021

For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints. There is a desperate lack of inventory in the housing market right now, which is driving up home prices at an unsustainably rapid pace, MBA’s senior vice president and chief economist Mike Fratantoni noted.

Inventory 513

Inventory Construction Housing Market Business 513

Housing Wire

APRIL 22, 2021

Because March 2020 sales were slightly weaker due to the start of COVID-19, the year-over-year growth in sales for March 2021 came in at 12.3%. For the housing market, the COVID crisis started in earnest the week of March 23, as that is the last week we saw positive year-over-year data in 2020 before COVID-19 really took us for a ride.

Housing Market 539

Housing Market Marketing Realtors Inventory 539

Housing Wire

AUGUST 18, 2021

I have often said that both purchase applications and housing starts would be limited until we hit the period of favorable housing demographics from 2020 to 2024. Specifically, I said that purchase applications would not get to 300 in the MBA index until 2020 to 2024. This rule pretty much holds for all housing data.

Inventory 524

Inventory Buyers Business Mortgage 524

Housing Wire

FEBRUARY 8, 2021

In 2021, a lingering symptom of the economic sickness we suffered in 2020 is forbearance. Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing? Presented by: PropStream.

Housing Market 544

Housing Market Marketing Government Real Estate Agent 544

Housing Wire

MARCH 27, 2024

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few. Listings jumped at both the state and city levels in 2021 and 2022.

Brokerage 437

Brokerage Realty Real Estate Inventory 437

Housing Wire

FEBRUARY 28, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Since the summer of 2020, demand for homes has soared.

Housing Market 395

Housing Market Marketing Buyers Agents 395

Housing Wire

JULY 16, 2021

” Canada’s housing market reached record heights over the last year due to increased demand for bigger living spaces combined with other factors, Falcomer said — leaving Canadian homebuyers facing the tightest market on record. “This is crucial in Canada’s nuanced marketplace, which is moving at lightning speed.”

Housing Market 448

Housing Market Marketing Real Estate Sellers 448