Housing Wire

SEPTEMBER 28, 2021

from July 2020 to July 2021, which is up from the 18.5% Home price growth remained scorching hot as the housing market entered the dog days of summer, but data released in the weeks since indicate cooler days in the months to come,” Matthew Speakman a Zillow economist said in a statement. “The increase recorded in June 2021.

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Housing Market Finance Contracts Inventory 477

Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. Like I have often said, professional grifters have plagued the housing sector for many years and shouldn’t be looked to as fundamental economic sources of information.

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Inventory Contracts Training Investors 527

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.

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Contracts Landlords Inventory New Listings 397

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. The homeownership rate for Black Americans has actually declined between 2010 and 2020 and stands at 43.4%, while the homeownership rate for white Americans is 72.1%.

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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 382

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. Compare all that to the U.S.

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Real Estate Agent Real Estate Sellers Legal 382

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. Kanacki said that when it came to seasonal buying, “we’re still riding the wave with 2020.” Now, believe it or not, fall home-buying season is in full swing.

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Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

FEBRUARY 12, 2024

There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. Any time inventory rises, you start to see housing crash hyperbole on social media. There were 66,000 new listings this week, of which 14,000 are already in contract. It’s not a ton of sellers.

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Sellers Housing Market Buyers New Listings 418

Appraisal Buzz

DECEMBER 27, 2021

The housing market was hotter than ever last year, with pandemic-driven demand boosting home sales to their highest level in 14 years. There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. of homes are valued lower than the contract price.

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Appraisal Valuation Modernization Contracts 397

Housing Wire

SEPTEMBER 23, 2022

HW Media : What do you think will be the big themes for the housing market in 2022-2023? Many media outlets are fretting about a possible housing crash because panic gets them more clicks than reason. But the truth is that the market is moderating, not imploding. Katherine Mechling: A big one is moderation.

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Real Estate Agent Agents Real Estate Realtors 370

Lamacchia Realty

MARCH 17, 2022

ARE YOU A "WANT-TO-BE" SELLER IN 2022? There are questions about housing market health and what the market is actually doing. Inventory started low in 2020, and then dropped even lower in March 2020 during the stay-at-home mandates. Worried about selling and buying at the same time?

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Sellers Realtors Buyers Inventory 67

Lamacchia Realty

JUNE 21, 2022

For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying. The low rates made it possible to offer more on a home as the cost of borrowing was lower and therefore, sellers weren’t the ones competing, buyers were. The same will be true for sellers.

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Housing Market Bracketing Marketing Sellers 65

Appraisal Buzz

MAY 17, 2021

Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. Although 2020-21 is not the same as the run-up before the housing crash, there are some similarities with what appraiser’s face that bears addressing and reiterating. We are seeing that as a profession again.

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Appraisal Clients Real Estate Sellers 418

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. Don’t drink the Kool-Aid that any contract price is reflective of market value. We’ll never know.

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Inventory Market Value Appraisal Contracts 243

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 Market Marketing Real Estate Realtors 68

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. economy, especially the mortgage and housing sector.

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Housing Market Marketing Supply Chain Mortgage 513

Housing Wire

OCTOBER 13, 2022

Unlike the havoc and taxpayer burden created by the S&L crisis some 40 years ago, however, what’s expected to unfold in the nonbank sector restructuring ahead, Capasse said, will be a much more orderly, market-driven process — absent a taxpayer bailout or asset-liquidation agency like the RTC of the S&L era, he added.

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Mortgage Marketing Buyers Sellers 370

Housing Wire

DECEMBER 20, 2021

In July 2020, he lost his job as an editor at a consulting firm for spa professionals. In September 2020, he landed a job as a service advisor assistant for an auto repair shop. in April 2020, according to the U.S. These contracts lack protections that accompany mortgages, such as forbearance plans and foreclosure procedures. “We

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Mortgage Government Contracts Insurance 382

Housing Wire

MAY 6, 2024

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. Housing inventory There are now just under 600,000 single-family homes on the market. More home sellers are coming back to the market each week.

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Inventory Contracts Sellers New Listings 439

Hank Miller Team

JULY 7, 2022

Probably not a bad question as the changes in quarter 2 of 2022 were dramatic, As the Fed fights rampant inflation, buyers are faced with dramatic rate increases and sellers with a comparative lack of activity. No More Appraisal Gimmies The real estate market coming out of Covid from about fall of 2020 through spring of 2022 was an anomaly.

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Appraisal Real Estate Agent Contracts Real Estate 52

Housing Wire

AUGUST 23, 2023

When asked how relevant this business will be, Garg refers to Amazon , a company that drives two-thirds of its sales from third-party sellers. “We The company went from a $500 million profit and 11,000 employees in 2020 to only 950 employees by June 2023. We aim for a similar mix.” It took Better two years to go public.

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Realtors Technology Insurance Mortgage 370

Cornerstone

JULY 1, 2021

Housing inventory still sits far below the six-month supply threshold required to uphold a healthy market.* Sellers who list may find a golden opportunity: Right now, you’re likely to sell your house quicker and at a better price. What really sticks out about this summer is a lack of seller competition.

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Sellers Buyers Real Estate Agent Inventory 61

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 contracts fall through during the due-diligence period because of the sticker shock on insurance costs, so that is definitely a problem.”

Insurance 411

Insurance Inventory Marketing Real Estate 411

Housing Wire

MARCH 25, 2024

I like to point out that consumers are more sensitive to changes in mortgage rates than to the absolute levels, and since rates are now basically unchanged for the month, just easing down from the early March peak of 7.2%, sellers and buyers are tip-toeing back into the market. Inventory will cross over 2020 levels by July.

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New Listings Inventory Contracts Sellers 493

Will Springer Realtor

APRIL 14, 2023

APRIL HOUSING UPDATE The signs are generally pointing in the right direction for our local (and national) residential real estate scene, but it is taking more time than usual to turn a cruise-ship-sized sector around without leaving damage in its wake. The most expensive MLS-listed property to sell was $60M in 2020, also on Hunts Point).

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Contracts Buyers Housing Market Design 36

Housing Wire

MARCH 18, 2024

Although I don’t have any capacity to predict interest rates, I do know what happens to the housing market if rates rise or fall from here. While inventory is growing across the country, some markets are way more impacted and already have more homes on the market than in 2019 or 2020 just before the pandemic.

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Inventory New Listings Sellers Contracts 430

Appraisal Today

JUNE 23, 2023

With respect to volume, executives at both Fannie and Freddie have pointed out that during the crazy-volume times of 2020 and 2021, appraisers were not actually able to keep up with the transactions that were taking place in the market. The models aren’t able to think like buyers and sellers. The problem? percent from 6.77

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Appraisal Real Estate Valuation Contracts 87

Housing Wire

MARCH 14, 2024

“I have buyers that are looking, but to find a house that you love enough to pay a high price for — and to be at over a 6.5% Newcomb said that interest rates and higher prices, which have risen by more than $100,000 since March 2020, according to data from Altos Research , have caused her clients to be pickier when selecting a home.

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Inventory Buyers Agents Real Estate 420

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 393

Assurance Financial

DECEMBER 20, 2021

Recent data from the Pew Research Center found that at the end of the fourth quarter of 2020, the rate of American households that owned their own home increased to around 65.8%. If you’re selling your house before the mortgage term is up, you can take one of two avenues: 1. As a result, the seller no longer has that mortgage.

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Mortgage Sellers Buyers Finance 74

Housing Wire

AUGUST 7, 2023

I haven’t seen any indication that mortgage rates will drop from here, but if they did, buyers would respond and the available inventory of unsold homes on the market will fall too. It’s no secret that sellers are absent in this market. In September, even though new sellers were few, buyers were even fewer, so inventory rose.

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Inventory New Listings Contracts Buyers 352

Appraisal Today

AUGUST 5, 2022

The housing market is cooling-off. Excerpts: Lending was not very prudent prior to the crash of 2008 as suggested by the trend in the median credit score (FICO), a measure for credit worthiness; for newly originated first-time purchase mortgages the median FICO score was 686 in Q1 2006 versus 740 in Q4 2020. Find out why not.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

Cornerstone

MAY 4, 2021

But before you sign any contracts, keep in mind that there’s something unique going on in today’s housing market. Many more homebuyers are competing for available houses, and renovations might not be as necessary as they were to sell competitively just a few years ago. Making this move might yield you the biggest return.

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Renovations Home Improvement Loan Officers Real Estate Agent 41

Lamacchia Realty

JUNE 18, 2021

ARE YOU A WANT-TO-BE-SELLER IN 2021? There are questions about housing market health and what the market is actually doing. Inventory started low in 2020, and then dropped even lower in March during the stay-at-home mandates. Are you searching for a home but cannot seem to find it? Sell by Accepting a Cash Offer.

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Sellers Realty Buyers Realtors 67

Housing Wire

JANUARY 29, 2021

It’s the fourth consecutive decline, but many housing industry observers see big potential for the year ahead. However, contract signings rose 21.4% Realtor.com’s Housing Market Recovery Index showed significant contract growth, specifically in Portland, Las Vegas, Denver, Los Angeles, and Boston.

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Contracts Real Estate Housing Market Technology 529

Housing Wire

AUGUST 1, 2023

The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract. Maybe by Q4, we’ll have more homes in contract than there were at the end of 2022. When you look at just the new sales each week, you can see how the pace of the market has recovered. In 2022 there were 418,000.

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Inventory Contracts Buyers Mortgage 370

Housing Wire

JULY 19, 2023

The dour housing market over the past 18 months has thrust struggling independent mortgage lenders (IMBs) into what seems like a pot of water that is coming slowly to a boil. As the heat rises, so too does the number of lenders seeking to exit the market.

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