Housing Wire

APRIL 26, 2021

The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year. That’s also 16 days fewer than the same period in 2020.

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Sellers Housing Market Marketing Buyers 458

Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 months worth of housing inventory, which is the lowest ever, the report from Keller Williams said.

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Marketing Realty Realtors Housing Market 533

Housing Wire

MAY 27, 2021

In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually. Record low rates lit the fire under what was a scorching hot market in 2020 with some economists speculating rising rates may be the best option for cooling it back down.

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Housing Wire

JANUARY 26, 2021

According to the CoreLogic Buyer/Seller Market Indicator, which measures the ratio between sold price and list price, buyer competition reached a new peak nationally in October and November when the ratio climbed to 0.996 – the highest level since 2008, when the data series began. The 20-city composite showed a 9.1% in October.

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Housing Wire

MARCH 25, 2021

. “During the course of the pandemic, ‘home’ had become more important than ever, and as a result, strong purchase demand continues—but buyers also outnumber the sellers,” Khater said. Many economists speculate rising rates will be the key to quelling construction woes, even if it does eventually take a slight toll on demand.

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Mortgage Construction Realtors Inventory 543

Housing Wire

JUNE 7, 2022

Consumers’ concerns about housing affordability are squeezing would-be homebuyers out of the market, according to Fannie Mae ‘ s Home Purchasing Sentiment Index , which tracks the housing market and consumer confidence to sell or buy a home. The index score dropped by 0.3 points to 68.2

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Mortgage Housing Market Contracts Construction 383

Appraisal Buzz

MAY 2, 2022

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? Construction Sites Will Stay on Schedule. construction sites. About $17 billion will be used to strengthen ports that have suffered due to inflation, improving the supply chain for building and construction.

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Real Estate Supply Chain Marketing Construction 435

Housing Wire

AUGUST 3, 2022

However, as we all know, after 2020, things are just more intense. . The question is, can lower mortgage rates save the housing market from its recent downtrend? This is why I focused my readers on the years 2020-2024, because if home prices only grew by 23% over five years, we would be ok. housing market.

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Mortgage Inventory Sellers Housing Market 504

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. In combination with low housing inventory and labor shortages, that drove up selling prices. real estate market is hot. Buyer demand continued.

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Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. That is how fast things changed — a by-product of a sector where the prices of homes were getting out of control after 2020. Home sales.

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Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. Emerging out of the pandemic, the first half of 2021 showed that there is a historically low housing inventory across multiple markets in the U.S. Inventory issues.

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Mortgage Inventory Real Estate Technology 512

Housing Wire

JULY 26, 2021

That kind of drawn-out timetable is typical for the majority of western nations that use the auctioneer system where a seller works with one, perhaps two, auctioneers. fee to the seller. If a showing is to happen, buyers must make appointments with each seller auctioneer to view those homes. It’s a trusted, predictable process.

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Real Estate Agent Real Estate Sellers Legal 384

Housing Wire

MAY 13, 2021

“While still strong, this sales pace remains below the 877,000-sales pace seen in the second half of 2020.”. of homes sold in the fourth quarter of 2020 that were affordable to households earning the median income of $78,500. of loan applications, followed by just 15.8% of FHA loans, 10.3%

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Construction Government Inventory Mortgage 462

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing recession. national home price decline.

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Housing Market Marketing Inventory New Listings 542

Housing Wire

MARCH 1, 2022

In eOriginal’s 2020 Tech100 nomination, the company boasted about the efficiency their ClosingCenter product brought to mortgage lending clients; Fairway achieved 80% faster mortgage acceptance by secondary market investors and also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.

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Real Estate Brokerage Real Estate Agent Technology 361

Housing Wire

MARCH 1, 2024

Both buyers and sellers are coming back to the market,” Fischer said. From a seller’s standpoint it may make a bit more sense to sell now, so we are creating some more inventory and buyer are taking advantage of lower rates and more stable home prices.” Very few new construction homes are going up in our area,” Diamond said.

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Housing Wire

FEBRUARY 3, 2023

The labor market started off in 2023 with a bang, which could mean trouble for the housing market as the Federal Reserve continues to try and bring inflation under control this year. In comparison, the job market gained an average of 401,000 jobs per month in 2022. year over year, and non-residential increased 4.9%.

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Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

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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. KEY RESOURCES: Study Of How Previous Pandemics Affected The Real Estate Market.

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Housing Wire

FEBRUARY 13, 2024

Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. Lower rates are likely to make homeownership accessible to more buyers and it should prompt some potential sellers who are locked in at a rate of 3% or less to list. As of Feb.

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D Fritz Appraisals

JUNE 28, 2022

What do Experts Think the Victoria, BC Housing Market Will Look Like by 2027? The state of Victoria’s housing market is never far from anyone’s mind, especially for first-time home buyers, those moving to a new area or for people looking to sell. Pace of Real Estate Market Steady into Spring.

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Real Estate Marketing Inventory Housing Market 105

Housing Wire

OCTOBER 21, 2021

A lot of my potential sellers that have been thinking about selling but aren’t quite ready to. They] are afraid to enter the market because they have no idea where they will go if they sell their home. Such challenging market conditions have caused some buyer fatigue and frustration.

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Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. million or higher during 2020-2024. The demographic bump in 2020-2024 is giving us a push in demand.

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Mortgage Inventory Housing Market Construction 481

Housing Wire

APRIL 25, 2023

According to this theory, we have more homes under construction than any time in history. I understand the lure of the housing 2008 story. In their haste, they miss the bigger picture of the housing market. Concerning the housing economics demand curve, it’s always about the net people living and working.

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Inventory Housing Market Construction Marketing 484

Housing Wire

APRIL 23, 2024

Three of the biggest topics in housing right now are mortgage rate movements tied to Federal Reserve policymaking, the day-to-day moves in key housing data and forward-looking trends for the housing market. These help observers to monitor changes in the labor market similarly to the Fed, he explained.

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Inventory Housing Market Sellers Marketing 455

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time.

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Inventory Housing Market Construction Marketing 519

Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. housing market as savagely unhealthy. Over the last two and a half years of U.S.

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Inventory Housing Market Mortgage Marketing 540

Housing Wire

FEBRUARY 24, 2023

I wouldn’t read too much into the fact that this new home sales report beat estimates, but I would say that in the future, if mortgage rates get back toward 6%, the homebuilders have creative ways to sell their homes that the existing home seller might not be inclined to do. months and below, this is an excellent market for builders.

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Inventory Construction Housing Market Mortgage 470

Hank Miller Team

NOVEMBER 15, 2022

Atlanta is one of the steady ones, and housing inventory in Atlanta will not jump in 2023. This is due to several reasons and while 2023 will likely continue the post pandemic “malaise”, the Greater Atlanta housing market remains one of the most stable in the nation. Greater Atlanta did not “zoom” up in value and activity.

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Housing Wire

DECEMBER 23, 2022

It didn’t help the builders that they had a global pandemic and we still have many new homes either in construction or that haven’t been started yet. months 290,000 new homes are still under construction, about 5.5 That would reverse the problem the housing market has had selling homes with mortgage rates above 7%.

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Construction Housing Market Mortgage Sellers 365

Eppraisal

DECEMBER 14, 2021

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Again, good news for sellers; a headache for seekers. Yet if history demonstrates anything, it reveals the cyclical nature of the real estate market. percent or so. This can impact monthly cash flow considerably.

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Real Estate Marketing Supply Chain Inventory 67

Housing Wire

MAY 24, 2022

A lot of the housing data was lagging the rate move, so it wasn’t apparent that higher rates impacted the data yet. Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. Except now, we have had massive price gains in 2020, 2021 and 2022.

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Housing Market Inventory Construction Marketing 397

Will Springer Realtor

APRIL 14, 2023

“After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.”  It’s a 5-bed, 5.5-bath

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Housing Wire

JANUARY 26, 2022

In reality, as we talked about many times on HousingWire, housing data was going to moderate, find a base and work from that COVID-19 surge in the data. However, with that said, it’s still just an OK housing market for me based on how I view the new home sales market. months, this is an OK market for the builders.

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Construction Marketing Mortgage Sellers 443

Appraisal Buzz

APRIL 11, 2022

The housing market has been a roller coaster ride since COVID-19 began, and it hasn’t shown signs of stopping in 2022. It’s increasingly difficult for home appraisers to predict what will happen next, between seller booms and fluctuating mortgage rates. We can expect positive and negative trends to control the housing market.

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Housing Wire

APRIL 11, 2022

Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months. million to 1.93

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Inventory Housing Market Marketing Modernization 504

Housing Wire

JULY 26, 2021

below June 2020’s pace of nearly 900,000, as the price of new homes in June 2021 rose to approximately 6% above last year’s average price. The median sales price of new houses sold in June 2021 was $361,800. from June 2020. June’s pace is also 19.4% The average sales price was $428,700.

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Inventory Housing Market Construction Sellers 421