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. and West (96.9)

Inventory 497

Inventory Contracts Housing Market Buyers 497

Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Does that mean we are heading back to all-time lows in inventory again for 2023? During the last four weeks and especially this past week, we are seeing inventory decline faster than expected. Weekly housing inventory. Weekly inventory change: (Dec.

Inventory 534

Inventory Housing Market Marketing New Listings 534

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. However, I knew the years 2020-2024 would see better demand from the bump in demographics.

Inventory 468

Inventory Marketing Housing Market New Listings 468

Housing Wire

OCTOBER 8, 2021

In the most recent month with data available on that follow-up question, 66% surveyed said that it was a bad time to buy a home because prices are too high, up from just 12% who said prices were too high in July 2020. Meanwhile only 19% said it was a good time to buy because of low interest rates, down from 44% in July 2020.

Renovations 542

Renovations Inventory Marketing Property Taxes 542

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Weekly Housing Inventory A few weeks ago, I was encouraged that we had a slight increase in inventory and a small decline the following week. This week inventory fell 8,664 units from the previous week.

Inventory 454

Inventory Housing Market Marketing New Listings 454

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. The post Why aren’t builders creating more housing inventory?

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Inventory Buyers Business Mortgage 518

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 435

Buyers Inventory Real Estate Agent Agents 435

Housing Wire

APRIL 2, 2021

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. Total construction employment remains 182,000 below its February 2020 level. from the pre-2020 recession peak in Feb.

Inventory 501

Inventory Construction Housing Market Business 501

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 384

Real Estate Agent Inventory Real Estate Agents 384

Eyes on Housing

JANUARY 28, 2022

In early 2018, only 16% of home buyers expected that finding a home would be easier in the months ahead. The share soared during the early phase of the pandemic, reaching 36% by the end of 2020.

Inventory 153

Inventory Buyers 153

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. Homesnap said this trend could further drain inventory as 2021 approaches. Home prices have risen as a result of the mismatch in homebuyer demand and housing inventory. Presented by: Freddie Mac.

Inventory 546

Inventory Housing Market Marketing New Listings 546

Real Estate News

APRIL 4, 2024

There are more green shoots for would-be home buyers this spring as inventory grows to its highest point since 2020, according to Realtor.com’s monthly report.

Inventory 274

Inventory Buyers 274

Housing Wire

OCTOBER 21, 2021

As the COVID-19 pandemic has opened the possibilities of working remotely, more and more people are looking to buy a house in Vermont’s largest city, causing a huge swell in demand in an area that was already flush with prospective buyers. Buyers from across the country have set their sights on Burlington. “We

Buyers 366

Buyers Inventory Agents Realty 366

Appraisal Buzz

APRIL 11, 2022

Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Many millennial and Gen-Z first-time buyers look for second homes before investing in a full-time primary residence. Affordability remains an issue for younger buyers who haven’t yet saved enough money. More Second Home Purchases.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

Housing Wire

JUNE 25, 2021

Per a recent report from Redfin , the typical iBuyer-owned home found a buyer after 13 days on the market — the quickest pace since at least 2015, when Redfin began recording iBuyer data. That number then steadily dropped, bottoming out at 825 in the second quarter of 2020 after COVID-19 was officially declared a pandemic.

Renovations 373

Renovations Marketing Buyers Inventory 373

Housing Wire

JULY 16, 2021

Cash buyers are pouring into the housing market this year, and they’re picking off more than half of available inventory in certain areas in Florida and New York. In 2020, roughly 25% of homebuyers paid cash for their properties. “I just sold a $700,000 home to a cash buyer last week. .

Buyers 545

Buyers Real Estate Agent Real Estate Housing Market 545

Housing Wire

MARCH 27, 2024

Those advantages, coupled with cheap land, made the city a favorite for homebuilders like DR Horton and Lennar that brought plenty of new inventory to market. In this environment of high rates and tight inventory, brokerages have had to become sharp elbowed. Listings jumped at both the state and city levels in 2021 and 2022.

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Brokerage Realty Real Estate Inventory 411

Eyes on Housing

JULY 27, 2021

In the first quarter of 2018, the starting point of the Housing Trends Report (HTR), only 16% of buyers expected easier availability for a home in the months ahead. The share soared to 36% by the final quarter of 2020 (during the COVID-19 pandemic), but then went on to decline to 33% and 28%, respectively, in the first two quarters.

Buyers 168

Buyers Inventory 168

Housing Wire

APRIL 22, 2021

I’ve had a few couples from New York — Manhattan and Brooklyn — that come down here armed with cash, but inventory is low and there’s nothing for them. There’s less than 30 days worth of inventory for homes under $300,000 right now.” “It’s just an inventory problem right now,” Sutton said.

Buyers 427

Buyers Inventory Renovations Realty 427

Housing Wire

MAY 28, 2021

The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. These numbers illustrate the severe lack of inventory, which has driven existing home prices up all over the country. But that’s not slowing down buyers. from a year ago.

Buyers 417

Buyers Real Estate Agent Real Estate Inventory 417

Housing Wire

APRIL 8, 2021

It’s an indicator that the non-QM sector is showing a strong rebound after many lenders pulled back from jumbo products in the first half of 2020. One possible solution being tossed around is President Joe Biden’s proposed $15,000 homebuyer tax credit for first-time buyers. A homebuyer’s guide to a competitive housing market.

Buyers 512

Buyers Mortgage Housing Market Government 512

Housing Wire

DECEMBER 30, 2020

Mortgage rates would fall to record lows 16 times throughout 2020, with origination volume expected to eclipse $4 trillion. Low rates also continued to feed the refinance frenzy for many segments of borrowers while buyers created for a very early summer homebuying season. Quite the opposite. Meanwhile, refinancings rose to 65.7%

Mortgage 545

Mortgage Investors Housing Market Marketing 545

Housing Wire

MARCH 18, 2022

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 However, negative year-over-year inventory is not what we want to see.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

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. Inventory skyrocketing back toward historical norms of 2 million to 2.5 million to return to normal.

Housing Market 540

Housing Market Marketing Inventory Mortgage 540

Housing Wire

JUNE 28, 2022

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%. The housing market can’t replicate the type of massive credit expansion we saw from 2002-2005, so the price-growth story has more to do with inventory collapsing to all-time lows. The 20-City Composite posted a 21.2%

Housing Market 454

Housing Market Marketing Inventory Investors 454

Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Unsold inventory sits at a 3.0-month

Inventory 509

Inventory Housing Market Marketing Realtors 509

Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . million until then as well.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

MARCH 22, 2021

Homebuyers who offer all-cash improve their chances of winning a bidding war by 290%, per Redfin’s study of clients buying homes between June 2020 and February 2021. “All-cash buyers used to be able to go in a little below list price, but now I’m seeing a lot of cash offers that are at list price or higher. .

Inspection 545

Inspection Inventory Buyers Sellers 545

Housing Wire

NOVEMBER 19, 2020

Cash buyers remain at a historically high level of 19%, the same as last year, while sales grew 26.6% Second, if the next existing home sales report misses expectations, you may be told that this is due to a lack of inventory. Unsold inventory sits at an all-time low 2.5-month Unsold inventory sits at an all-time low 2.5-month

Housing Market 545

Housing Market Marketing Inventory Buyers 545

Housing Wire

MAY 28, 2021

since the beginning of 2020, pushing home prices in the San Jose-Sunnyvale-Santa Clara metro up 11.1%. “You’ve got a lot of young buyers — the millennial wave — that are looking to buy in San Jose, because they work at LinkedIn, Google, or Apple, which are all in this area,” Wellman said.

Buyers 294

Buyers Real Estate Agents Inventory 294

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 518

Housing Market Marketing Inventory Buyers 518

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. in August from July.

Housing Market 497

Housing Market Marketing Inventory Buyers 497

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. 17): Fell from 436,558 to 429,757 Same week last year (Feb.11-18):

Housing Market 425

Housing Market Marketing Inventory New Listings 425

Housing Wire

JANUARY 20, 2023

“With the exception of May 2020, when the pandemic had virtually shut down housing market activity, this is the lowest level of monthly home sales in 12 years.” December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates,” Lawrence Yun, NAR’s chief economist, said in a statement.

Inventory 362

Inventory Housing Market Realtors Buyers 362

Housing Wire

MAY 21, 2021

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. We saw a massive move-up in sales in the second half of 2020 and now were are getting the correcting declines. housing market for 2020 to 2024 is that home prices could escalate to an unhealthy level.

Housing Market 541

Housing Market Marketing Inventory Realtors 541

Housing Wire

MAY 10, 2021

And the conversations are different right now for buyers — you’re going to be competing for homes, and you have to bring your A-game and a really competitive offer.” “We’re seeing a big shift in what buyers are willing to pay to get here — they’re coming to the table with cash, even during the pandemic.”

Buyers 225

Buyers Real Estate Agent Real Estate Inventory 225

Eyes on Housing

OCTOBER 29, 2021

In the first quarter of 2018, the starting point of the Housing Trends Report, only 16% of buyers expected easier availability for a home in the months ahead. The share soared to 36% by the final quarter of 2020 (during the COVID-19 pandemic), only to drop throughout 2021, reaching 25% by the third quarter. Read More ›

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Buyers Inventory 121