Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. This is why the days on the market are so low historically after 2020.

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Housing Market Marketing Inventory Mortgage 539

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 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.

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Housing Market Marketing Inventory Mortgage 540

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. million to 4.98

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Housing Wire

SEPTEMBER 2, 2020

The deadliest pandemic in more than a century has failed to derail the housing market because of the lowest mortgage rates ever recorded coupled with a shift in how people use their homes. 1 reason,” said Lawrence Yun, chief economist of the National Association of Realtors said in an interview with HousingWire.

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Housing Wire

JUNE 29, 2022

Reports released this week by several respected market observers point to less good and increased bad and ugly ahead for the housing market. million, the lowest since June of 2020 and similar to pre-pandemic levels.”. What does all this mean for the housing market in the months ahead?

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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

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

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

SEPTEMBER 23, 2022

You think things are bad in the housing market now? Stick around and see if mortgage rates climb into the 7% range. Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Blake Bianchi, CEO of Future Mortgage.

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Housing Wire

APRIL 1, 2022

The unemployment rate is now just marginally higher than its February 2020 level of 3.5%. The latest jobs report will likely ease some fears of those in the mortgage industry, which has struggled with a big spike in interest rates and continued low levels of housing supply. The unemployment rate dropped 0.2

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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. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. Pending home sales rose 8.3%

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Contracts Housing Market Construction Inventory 458

Housing Wire

FEBRUARY 9, 2021

The demand for real estate has grown to a frenzy in some areas of the country over the last year and succeeding in those competitive markets requires skill, experience and finding innovative ways to get deals done. That’s why we’ve invited Xio Sandoval, a top Century 21 Realtor, to speak at our Spring Summit on March 4.

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Housing Wire

SEPTEMBER 10, 2020

Average mortgage rates for 30-year and 15-year mortgages fell to all-time lows this week, Freddie Mac said in a report on Thursday. The 30-year average is 2.86%, breaking the prior low of 2.88% set in the first week of August, and the 15-year average is 2.37%, beating last week’s record low of 2.42%, the mortgage financier said.

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Mortgage Housing Market Realtors Buyers 541

Housing Wire

MAY 27, 2021

Mortgage rates fluctuated again last week, down 5 basis points to 2.95% after managing to pop back up to 3% the week prior, according to Thursday data from Freddie Mac ‘s PMMS. Mortgage rates have been hovering around 3% for over a month now, as macro economic factors left the bond market hesitant over the global recovery.

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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 Market Real Estate Agent Marketing Real Estate 421

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.”. I think by the end of next summer, we’re going to know what this market really is.”.

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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. The average 15-year rate fell to 2.44%, the lowest in almost 30 years of data, according to the mortgage financier.

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Housing Wire

MARCH 25, 2021

The broader economy showed signs of recovery last week, pushing the average mortgage rate for a 30-year fixed loan up eight basis points to 3.17%, according to Freddie Mac ’s Primary Mortgage Market Survey. million, according to the National Association of Realtors. That’s a full 5% drop. month-over-month.

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Housing Wire

SEPTEMBER 18, 2020

In the second quarter of 2020 nearly 11 million households fell behind on their rent or mortgages – however nearly triple that number, approximately 30 million individuals, missed at least one student loan payment, according to a recent report from the Mortgage Bankers Association’s Research Institute for Housing America.

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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. “In

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Mortgage Inventory Realtors Real Estate 384

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 384

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. That was a huge red flag, hence all the statements in 2021 about unhealthy housing. . million in August.”

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Inventory Housing Market New Listings Mortgage 458

Housing Wire

JUNE 3, 2021

Fickle mortgage rates rose once again last week, this time four basis points to an average of 2.99%, according to Thursday data from Freddie Mac ‘s PMMS. However, despite fluctuating sub-3% mortgage rates, borrowers are still competing in a supply strained and overheated market. Even though rates have been below 3.2%

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Mortgage Inventory Construction Realtors 370

Housing Wire

MAY 11, 2021

The number of buyers who locked in mortgage rates for second homes soared 178% year over year in April, marking the 11th straight month of 80%-plus growth, according to a recent Redfin study. Still, second-home mortgage rate locks are holding steady at more than double pre-pandemic levels.

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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 Market Realtors Buyers Inventory 450

Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. 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. This means 4%+ mortgage rates. NAR_Research.

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Inventory Housing Market Marketing Realtors 512

Housing Wire

JANUARY 13, 2021

One being, how much do you need to earn in a year to afford a mortgage in the U.S.? . Since home prices vary state-by-state, the salary you need to qualify for a mortgage in the U.S. When shopping for a house, you might want to consider looking outside of America’s largest cities. How much house can you afford to buy?

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Housing Wire

MARCH 8, 2023

Homebuyers and sellers are being cautious due to current market conditions, as indicated by Fannie Mae ‘s home purchase sentiment index (HPSI). The HPSI — which tracks the housing market and consumer confidence to sell or buy a home — decreased 3.6 points in February to 58.0, million in 2023 from last year’s 5.1

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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. Streamlining the refinance process in this low mortgage rate environment.

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Inventory Housing Market Realtors Marketing 515

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. The Federal Reserve wanted to see the bidding wars end and the days on the market grow.

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Housing Wire

MAY 24, 2021

The National Association of Realtors Confidence Index Survey for April reveals how hot the housing market is. The April 2021 survey was sent to 50,000 Realtors selected from NAR’s over 1.4 However, there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin.

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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 441

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. Conscious of changing mortgage rates, home buyers are taking advantage of any rate declines,” Lawrence Yun , NAR’ s chief economist, said in a statement. in February on a yearly basis.

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Inventory Realtors Real Estate Housing Market 384

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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Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

AUGUST 27, 2020

in July, the third consecutive month of gains, fueled by low mortgage rates and unprecedented demand from consumers. 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 million, a 1.1%

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Contracts Realtors New Listings Real Estate 485

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 410

Housing Wire

SEPTEMBER 8, 2022

The housing market is very subsidized for demand to grow and whenever the economy gets weaker, rates fall and that impacts the housing market in a disproportionate way. We finally paid the price — pun intended — of not having enough product, with massive home price gains from 2020-2022.

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