Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., “With buyer demand continuing to outpace the previous year’s levels amid historically lowest inventory of for-sale homes, the pressure on home prices is going to fuel home price growth in the first half of 2021,” Happ said.

Inventory 544

Inventory Housing Market Buyers Sellers 544

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.

Sellers 450

Sellers Housing Market Marketing Buyers 450

Housing Wire

MAY 19, 2021

The numbers are a bit exaggerated, per Redfin Chief Economist Daryl Fairweather, due to the COVID-19 pandemic slowing homebuying and selling in April 2020 and skewing the numbers. But the fact remains, she said, that low inventory is going to keep prices high.

Inventory 477

Inventory Construction Sellers Agents 477

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.

Mortgage 543

Mortgage Construction Realtors Inventory 543

Housing Wire

FEBRUARY 24, 2022

It also surpasses by 261% Opendoor’s 2020 loss of $253 million. billion revenue, which mostly stems from a 5% sales fee charged to home sellers and proceeds from flipping homes. Opendoor resold 21,725 of the homes it bought in 2021, up 119% from 2020. It is now in 44 markets, compared to 23 at the end of 2020.

Investors 424

Investors Real Estate Inventory Finance 424

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. In Ada County specifically, where Boise is located, the number of homes for sale dropped from 1,697 last October to just 355 in October 2020, a 79% decline. Boise, Idaho was the No.

Marketing 531

Marketing Realty Realtors Housing Market 531

Housing Wire

MARCH 28, 2022

The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Inventory has been falling for years. HousingWire: How will rising rates affect new home construction? Housing construction will be impacted if the monthly supply for new homes breaks above 6.5

Housing Market 370

Housing Market Marketing Supply Chain Inventory 370

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.”. The purchase market remains strong overall, but low housing inventory and accelerating home prices have started to adversely impact purchase activity,” said Kan. of loan applications, followed by just 15.8%

Construction 457

Construction Government Inventory Mortgage 457

Housing Wire

AUGUST 3, 2022

However, as we all know, after 2020, things are just more intense. . 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. They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner.

Mortgage 498

Mortgage Inventory Sellers Housing Market 498

Housing Wire

OCTOBER 21, 2021

Exacerbating the issue of soaring demand is an incredibly low level of inventory. “At At the moment we have about four weeks of inventory,” Mannix said. “A A lot of my potential sellers that have been thinking about selling but aren’t quite ready to. year-over-year decrease in median number of days on the market.

Buyers 382

Buyers Inventory Agents Realty 382

Housing Wire

DECEMBER 29, 2021

economy continue to recover from the lows of April of 2020, but the 2021 economic data shows it has been one of the hottest years in many decades. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. We started the year with many pundits saying that the U.S.

Housing Market 531

Housing Market Marketing Construction Mortgage 531

Housing Wire

JANUARY 4, 2021

Most major players are projecting home prices to rise, and while strong construction could put more inventory on the market, it likely won’t be enough to tip the scales in buyers’ favors. Freddie Mac projects prices to rise only 2.6% — much better than 2020’s 5.5% In a seller’s market, should you make contingent offers?

Housing Market 546

Housing Market Marketing Buyers Real Estate Agent 546

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.

Real Estate Agent 382

Real Estate Agent Real Estate Sellers Legal 382

Hank Miller Team

NOVEMBER 15, 2022

Atlanta is one of the steady ones, and housing inventory in Atlanta will not jump in 2023. Atlanta Housing Inventory Everything must be kept in context. Balance – as the market returns to a more consistent pattern, sellers will be back to 2-4 months on the market, concessions, and a protracted listing period.

Inventory 52

Inventory Renovations Housing Market Buyers 52

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. Since the summer of 2020, this has been my main talking point on what can cool down housing ; it’s a 10-year yield above 1.94% , meaning rates above 4%. How can housing inventory be so low today when it skyrocketed back in 2009? I don’t believe housing inventory below 1.52

Inventory 519

Inventory Housing Market Construction Marketing 519

Housing Wire

FEBRUARY 13, 2024

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. Inventory was the theme last year and it is shaping up to be the theme this year,” Ellison said. New construction is backed up,” she said. As of Feb.

Construction 404

Construction Supply Chain Inventory Agents 404

Housing Wire

FEBRUARY 1, 2023

It is really a great tool from a seller perspective to say, ‘Look, we don’t control rates, but what I can offer you is something that will offset this shock in interest rates that has happened here in the last nine or 10 months or so,’” Nunziata said. percentage points of the loan amount,” Nunziata said.

Marketing 404

Marketing Government Mortgage Sellers 404

Hank Miller Team

DECEMBER 17, 2021

So what's in store for home buyers and sellers that have to make a move this spring? Buyers will again be challenged and sellers will reap the reward…until they become buyers. Well that was until about Mid-March of 2020 when all hell broke loose. See the inventory bumps as we head into the first quarter? Probably not.

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

APRIL 11, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. 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. Wait, what?

Inventory 498

Inventory Housing Market Marketing Modernization 498

D Fritz Appraisals

JUNE 28, 2022

Significantly reduced housing inventory. At the same time, inventory of available homes dropped significantly and BCREA Chief Economist Brendon Ogmundson is quoted as saying ‘While sales are not keeping pace with the unprecedented levels seen [in 2021], demand remains strong’. Higher disposable household income .

Real Estate 105

Real Estate Marketing Inventory Housing Market 105

Quicken Loans

DECEMBER 16, 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. These conditions make a seller’s market, meaning the seller has the upper hand. Home Inventory Will Slowly Rise. Buyer demand continued.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. 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. Wait, what?

Inventory 404

Inventory Housing Market Marketing Modernization 404

Eppraisal

MARCH 17, 2023

From COVID-19 interventions to supply chain disruptions to record inflation, the hits kept coming against a real estate market that was already experiencing diminished inventories and a growing pool of buyers. Prior to COVID, i.e. March of 2020, inventory was already falling. Where Have We Been? Where Do We Stand Now?

Supply Chain 69

Supply Chain Home Value Inventory Construction 69

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” Both buyers and sellers are coming back to the market,” Fischer said. Like elsewhere in the country, Indiana has struggled with housing inventory. Very few new construction homes are going up in our area,” Diamond said.

Housing Market 433

Housing Market Marketing Inventory Construction 433

Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. million or higher during 2020-2024. The demographic bump in 2020-2024 is giving us a push in demand. months and above, the builders will pull back on construction.

Mortgage 483

Mortgage Inventory Housing Market Construction 483

Housing Wire

APRIL 23, 2024

From there — and when combined with employment in construction and housing permit data — the thinking around rates will become clearer. “If I believe that our obligation is to communicate with the data for everybody in the cycle, from the biggest players down to every single homebuyer and seller,” Simonsen said.

Inventory 477

Inventory Housing Market Sellers Marketing 477

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. Key thing to remember: A traditional seller is also usually a buyer.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

APRIL 25, 2023

You know, the one that says we have too much inventory and millions of vacant homes in the U.S.? According to this theory, we have more homes under construction than any time in history. population growth means we will become Japan, but I’ve been focused on demographics and how that will affect housing from 2020-2024.

Inventory 477

Inventory Housing Market Construction Marketing 477

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. " Housing Inventory Is Fannie Mae correct about the supply of sell-able homes in late 2021 and 2022?

Real Estate 67

Real Estate Supply Chain Marketing Inventory 67

Eppraisal

SEPTEMBER 24, 2021

These pandemic-related changes interacted with the existing housing inventory shortage, resulting in sharp price increases for both owned homes and rental units." Home Sellers Sellers were hesitant to sell at the beginning of the Covid-19 pandemic. They are witnessing the strong seller's market.

Marketing 28

Marketing Supply Chain Real Estate Construction 28

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. However, this isn’t how inventory grows in America.

Inventory 477

Inventory Construction Housing Market Mortgage 477

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 Inventory. Home price s. for 2022. million in 2023.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Boston Appraisal

JULY 6, 2020

Welcome to 2020 with COVID-19, social distancing, self-imposed lockdown, and Zoom meetings. As of June 18, 2020, Freddie Mac reported in their Primary Mortgage Market Survey that 30-year fixed rate mortgages are averaging 3.13%. This is good news for sellers who have suffered from a stagnate market during the first quarter of 2020.

Real Estate 78

Real Estate Marketing Supply Chain Investors 78

Boston Appraisal

JULY 6, 2020

Welcome to 2020 with COVID-19, social distancing, self-imposed lockdown, and Zoom meetings. As of June 18, 2020, Freddie Mac reported in their Primary Mortgage Market Survey that 30-year fixed rate mortgages are averaging 3.13%. COVID-19 Impact on Buyers and Sellers. What does this mean for sellers?

Real Estate 78

Real Estate Marketing Supply Chain Investors 78

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. Back then, we had higher sales, higher inventory, and less price growth, but we had a massive credit bubble.

Inventory 539

Inventory Housing Market Mortgage Construction 539

Housing Wire

MAY 24, 2022

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. million total home sales each year from 2020 to 2024. months and above, the builders will pull back on construction.

Housing Market 393

Housing Market Inventory Construction Marketing 393

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 We must remember that the builders don’t operate like existing home sellers; they treat their products as commodities.

Construction 370

Construction Housing Market Mortgage Sellers 370