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. drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. Tightened supply was largely responsible for a 10.6% respectively.

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Housing Wire

SEPTEMBER 13, 2021

Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak. Why today’s housing market makes speed and agility crucial for lenders. Why today’s housing market makes speed and agility crucial for lenders.

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Housing Wire

APRIL 22, 2021

According to the National Association of Realtors, March’s existing-home sales came in at 6.01 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%. We now have what I would consider to be the unhealthiest housing market in the last 10 years.

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Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

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Mortgage Real Estate Agent Inventory Housing Market 433

Housing Wire

MAY 15, 2024

housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. We can observe this trend in both the count of new listings per week and in the total number of unsold homes on the market.

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Housing Wire

APRIL 30, 2021

But the Scottsdale housing market, and Arizona as a whole, has seen an enormous uptick in out-of-state movers in the past 14 months — when the COVID-19 pandemic began spreading across the country, ultimately allowing people to work from home and seek larger, more cost-effective lots to live on. from 2010, per a recent U.S.

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Housing Wire

MARCH 18, 2021

One example is Colorado’s housing market, which has seen the effects of an insanely competitive market combined with low inventory push buyers into secondary cities – and sometimes, beyond. So, how are Pueblo real estate agents handling the unprecedented housing market activity?

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Housing Market Marketing Real Estate Agent Buyers 542

Housing Wire

MAY 27, 2021

Like new and existing sales, pending home sales felt the strain of exhausted home inventory in April ? according to Thursday data from the National Association of Realtors. The upper-end market is still moving sharply as inventory is more plentiful there.”. from April 2020. dropping 4.4% higher year-over-year.

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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.

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Housing Wire

MARCH 26, 2021

But the East Coast seaside town was gaining popularity way before then – millennials , especially, began flocking to the Portland housing market in 2020 to take advantage of the city’s growing startup scene of biotechnology , bioscience and biopharma. A balanced market, Davin said, requires five to six months.

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Housing Wire

JANUARY 7, 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. from 2010 to 2020, Peoria’s population dropped 2.5%

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Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). It was the largest monthly jump in pending home sales since 2020. Job additions and income growth will further help with housing affordability, but increased supply will be essential to satisfying all potential demand.”

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Contracts Housing Market Construction Inventory 450

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

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Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. 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.

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Housing Wire

JANUARY 20, 2023

million, according to a report from the National Association of Realtors (NAR) released Friday. The housing market may have started 2022 out with a bang, but it exited the year with a whimper,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. “The from November to a pace of 4.02 A total of 5.03 A total of 5.03

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Inventory Housing Market Realtors Buyers 380

Housing Wire

NOVEMBER 16, 2020

According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. rise in houses sold in the same timeframe – from 670 to 940. Thank goodness Realtors were deemed essential.”.

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Housing Wire

SEPTEMBER 23, 2022

You think things are bad in the housing market now? Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Probably, the housing market needs to go to a correction to get to that place.” ” Where is the housing market heading? .”

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Housing Market Marketing Mortgage Buyers 370

Housing Wire

OCTOBER 1, 2021

But for the past 12 months, the metro’s housing market has been in complete chaos. “It The Provo-Orem market is growing at a faster rate per capita than really anywhere else in the state of Utah, including our capital, Salt Lake City.”. “So, Compared to California, Utah has been fairly relaxed with COVID-19 restrictions.

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Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . Total Inventory data fell in this report from 1.31

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Housing Wire

DECEMBER 22, 2020

million, according to a report from the National Association of Realtors on Tuesday. Home sales in November took a marginal step back, but sales for all of 2020 are already on pace to surpass last year’s levels,” said Lawrence Yun, NAR’s chief economist. At the end of November, housing inventory declined yet again, totaling 1.28

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Inventory Housing Market Realtors Marketing 510

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. April was National Fair Housing Month. In February, NAR in partnership with Realtor.com released The Double Trouble of the Housing Market report.

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Housing Wire

FEBRUARY 28, 2022

On Friday, the National Association of Realtors released its pending home sales data showing a third month of declines. From NAR : “Pending home sales slumped in January, continuing what is now a three-month drop in transactions, the National Association of Realtors reported. We ended 2020 with 5.64 Of the four major U.S.

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Inventory Housing Market Realtors Marketing 404

Housing Wire

JULY 13, 2021

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. In 2018-2019, total housing inventory was in the range between 1.52

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Inventory Housing Market Real Estate Agent Buyers 493

Housing Wire

APRIL 23, 2021

soared 18% year-over-year in March 2021 to a median of $356,000, according to a report Redfin released Friday that provided stark evidence of a housing market where demand greatly exceeds supply. Homes sold in March were on the market for 21 days, per the report, the shortest period between listing and sale since 2012.

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Inventory Housing Market Realtors Marketing 433

Empire Appraisal Group

MARCH 4, 2021

Housing Markets With the Highest, Lowest Inventories. Source: Housing Markets With the Highest, Lowest Inventories | Realtor Magazine. Housing inventories aren’t being replenished fast enough for home shoppers. As a result, they’re finding fewer and fewer home choices. month supply.

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Housing Wire

MARCH 21, 2023

million homes, according to a report from the National Association of Realtors (NAR) released Tuesday. monthly gain reported in July 2020. While the uptick in sales pace is certainly good news for the real estate industry , it is not as great for the continuous issues with low inventory. in February on a yearly basis.

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Inventory Realtors Real Estate Housing Market 381

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.” Over the last four weeks ending on Sept.

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Housing Wire

SEPTEMBER 8, 2022

Since many people think of housing as a wealth creator — and we want more Americans to have more wealth — then the government needs to make sure demand stays high enough for that wealth product to grow. This can lead to home prices getting out of control , especially when total inventory gets to all-time lows.

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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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Mortgage Inventory Housing Market Construction 457

Housing Wire

JUNE 22, 2021

million, the National Association of Realtors reported on Tuesday. The low amount of existing homes left on the market continued to experience overheated prices from consistent competition. The low amount of existing homes left on the market continued to experience overheated prices from consistent competition.

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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 531

Housing Wire

SEPTEMBER 17, 2021

of offers written by Redfin agents faced a bidding war, down from the peak in April of 74.3%, and below the August 2020 bidding war rate of 59.4%. The report attributes this decrease to the normal seasonal slowdown, causing the shortage of inventory to slow as well. In 2018-2019, total housing inventory was in the range between 1.52

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Buyers Inventory Real Estate Agent Agents 433

Housing Wire

AUGUST 6, 2020

mortgage rates for a 30-year fixed mortgage fell to an all-time low of 2.88% this week, the eighth time in 2020 the weekly rate has set a record in a Freddie Mac series that goes back almost five decades. It’s the dearth of homes for sale that has plagued the housing market long before coronavirus. Average U.S.

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Mortgage Inventory Buyers Housing Market 506

Housing Wire

FEBRUARY 21, 2023

million, according to a report from the National Association of Realtors (NAR) released Tuesday. This is the lowest level of home sales activity since May 2020 when the COVID-19 pandemic had shut down much of the economy,” Lisa Sturtevant, the Bright MLS chief economist said in a statement. from December to a pace of 4.00 in January.

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Inventory Buyers Housing Market Contracts 370

Housing Wire

AUGUST 27, 2020

year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” said Yun.

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Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. “The largest, undisrupted market in the U.S.,” presentation slide for investors in the SPAC that took it public, also in 2020. Growth prospects At the end of September 2022, Opendoor had 16,873 homes in inventory.

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Marketing Inventory Renovations Investors 414

Housing Wire

DECEMBER 21, 2022

million , according to a report from the National Association of Realtors (NAR) released Wednesday. In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” Lawrence Yun, NAR’s chief economist, said in a statement.

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Mortgage Inventory Realtors Real Estate 381