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 530

Housing Wire

MAY 28, 2021

More than half of homes (51%) have sold above their listing price in the four week period ending May 23, 2021 — up from 26% one year ago, according to a recent study by Redfin. Numerous other sales records were also set, including the median home sale price ($354,250) and number of days on the market (17, down from 36 one year ago).

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Buyers Real Estate Agent Real Estate Inventory 421

Housing Wire

JULY 28, 2022

But they do agree on one thing: Higher interest rates will quell housing demand, which will allow inventory to rebound and, eventually, spur the return of reluctant buyers. An improvement from the 6% mark, yet it’s still significantly higher than early 2021’s 3% level. I think it’s already priced in the market.”.

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Housing Market Marketing Loan Officers Buyers 306

Housing Wire

MARCH 26, 2021

Portland, Maine, has emerged as a popular destination for current homeowners and prospective buyers looking to move out of metro areas into more spacious secondary cities. were heading to Portland in January and February of 2021. “It’s a full-on frenzy for buyers to secure a home.”

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Housing Market Marketing Real Estate Inventory 466

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. its highest level since January 2021. Increased inventory of homes for sale, near historic low mortgage rates and favorable demographics means more housing demand, ” Odeta Kushi, the First American deputy chief economist said in a statement. lower than the same time last year.

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Contracts Inventory Housing Market Marketing 403

Sacramento Appraisal Blog

MAY 5, 2021

“Buyers are crazy!!! ” That’s what we tend to hear from people who are NOT trying to buy a house right now. How can they be paying these prices?” It seems like onlookers really don’t understand what it takes to get an offer accepted these days.

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Buyers Contracts Housing Market Appraisal 404

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. These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process.

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Housing Market Realtors Buyers Inventory 441

Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. The days on market were too low. from November but up 10.2%

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Inventory Housing Market New Listings Marketing 541

Housing Wire

JANUARY 31, 2023

decline since the market peaked in June 2022,” Craig J. These declines, of course, came after very strong price increases in late 2021 and the first half of 2022. Because most home sales take several months from contract to closing, the data likely includes some deals struck in July and August.) for the month, reflecting a -3.6%

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Housing Market Contracts Buyers Marketing 412

Housing Wire

MARCH 24, 2021

The dip in applications is linked to broader trends in the housing market: more than a year of low inventory is forcing interested buyers to snag whatever they can get their hands on, even if it’s overpriced. That’s coupled with a rise in mortgage rates , too.

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Mortgage Contracts Inventory Buyers 479

Housing Wire

MAY 3, 2022

The venture capital investment is in addition to $1 billion in separate capital commitments from investors that Point has lined up to help fund what it calls home-equity investment (HEI) contracts. “We Homeowners, in turn, get to cash out a slice of their home equity with no payments due until the contract matures.

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Contracts Investors Investing Market Value 426

Housing Wire

AUGUST 31, 2021

annual growth rate logged the month prior, in May 2021. “While the housing market feels like it has legs that never get tired, inventory and affordability constraints are still expected to put a damper on price growth,” said CoreLogic Deputy Chief Economist Selma Hepp. By fueling the process with certainty. .

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Housing Market Inventory Buyers Real Estate 441

Housing Wire

SEPTEMBER 22, 2022

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. . With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years.

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Inventory Housing Market New Listings Mortgage 458

Housing Wire

SEPTEMBER 28, 2021

annual gain for the year ending in July 2021, up from 18.7% from July 2020 to July 2021, which is up from the 18.5% increase recorded in June 2021. Additionally, there are move-up buyers with larger budgets who are relocating to more affordable areas where they’re financially able to outbid local residents.

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Housing Market Finance Contracts Inventory 485

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. The index dropped to 116.7

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Inventory Renovations Contracts Buyers 421

Housing Wire

JANUARY 27, 2023

Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.” compared to December 2021. An index of 100 is equal to the level of contract activity in 2001. “We Interested buyers are out there.

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Contracts Realtors Mortgage Buyers 421

Housing Wire

OCTOBER 16, 2023

In August, Zillow ‘s 2023 Consumer Housing Trends Report proclaimed that half of all homebuyers are purchasing their first home, the highest share that Zillow has ever recorded. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. It never will be.

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Agents Buyers Sellers Inventory 408

Housing Wire

AUGUST 11, 2021

Homeowners continue to respond to lower rates, with refinance activity climbing to the highest level since February 2021,” said Kan. increase in FHA purchase applications could mean that some homebuyers are finding opportunities to enter the housing market. The refinance share of loan counts was at 68%, compared to a 63.4%

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Mortgage Contracts Inventory Housing Market 397

Housing Wire

SEPTEMBER 30, 2020

” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices. “I 20, the National Association of Realtors said that contract signings were up 23% year over year.

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Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

MARCH 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic resulted in the worst economic contraction since the Great Depression. “Expected home sales growth this year is still likely to be driven by first-time buyers, spurred by millennials reaching peak first-time homebuyer age,” Kan said.

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Mortgage Government Buyers Contracts 479

Housing Wire

JULY 29, 2021

Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. An index of 100 is equal to the average level of contract activity during 2001, the first year examined. on the index in June, an 8.7%

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Marketing Buyers Realtors Real Estate 441

Housing Wire

FEBRUARY 28, 2022

regions, only the West registered an increase in month-over-month contract activity. My premise was that the pending home sales data should moderate from the surge in make-up demand we saw in 2020 and then spill over into the first two months of 2021. Of the four major U.S. Last year, I had a similar theme with pending home sales.

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Inventory Housing Market Realtors Marketing 410

Housing Wire

AUGUST 10, 2022

The market composite index , a measure of mortgage loan application volume, rose a marginal 0.2% The market index is down 62% compared to the same week in 2021. The refi index fell 82% from the same week in 2021 and the purchase index was down 18.6%, according to the MBA. earlier that month. earlier that month.

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Mortgage Real Estate Agent Retail Contracts 364

Housing Wire

DECEMBER 20, 2022

Economists believe that if the trend continues, the market will be able to improve in the second half of 2023. . “The latest data on the housing market show that homebuilders are pulling back the pace of new construction in response to low levels of traffic, and we expect this weakness in demand will persist in 2023, as the U.S.

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Mortgage Housing Market Retail Contracts 410

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. When looking at the largest markets in the U.S., from a year earlier.

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Mortgage Inventory Contracts Buyers 450

Housing Wire

NOVEMBER 2, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 7.06% on Wednesday from last week’s 7.16%, according to the Mortgage Bankers Association. . million in September 2021. million units from 6.18 Tables have turned for some sellers.

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Mortgage Sellers Contracts Buyers 408

Housing Wire

FEBRUARY 28, 2023

The 2022 housing market was largely characterized by the swift slowdown in demand caused by rapidly rising mortgage rates. For 2022 as a whole, the National Composite rose by 5.8%, the 15th best performance in our 35-year history, although obviously well below 2021’s record-setting 18.9% The National Composite declined by -0.8%

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Inventory Housing Market Contracts Realtors 401

Listing Spark

JUNE 21, 2022

Unless you’ve been living underneath a rock, you have likely heard talks of a housing market bubble that could burst at any moment. So, if you’re thinking of selling a home in 2022, here are a few tips to help you get started and navigate the housing market successfully. This is the first increase since June 2021.

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Sellers Housing Market Marketing Inventory 69

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. This highlights the importance of Avoiding the 9 Most Common Mistakes Buyers Make.

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Housing Market Marketing Real Estate Realtors 68

Housing Wire

FEBRUARY 18, 2022

months of supply; a healthy market generally has between four and six months of supply. Buyers were likely anticipating further rate increases and locking in at the low rates, and investors added to overall demand with all-cash offers,” said Lawrence Yun, NAR’s chief economist. That translates to just 1.6 “While the 6.7

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Supply Chain Inventory Buyers Contracts 410

Housing Wire

JULY 20, 2022

Weakening economic outlook, high inflation and affordability challenges took a toll on buyer demand, leading to a drop in both purchase and refi applications last week, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, declined 6.3% Department of Commerce.

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Mortgage Retail Contracts Buyers 381

Housing Wire

NOVEMBER 30, 2020

in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% pending home sales fell 1.1% compared to a year ago.

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Realtors Inventory Contracts Development 534

Housing Wire

FEBRUARY 12, 2024

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. Sellers are coming back to this housing market.

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Sellers Housing Market Buyers New Listings 404

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. Meanwhile, buyers are plucking up homes left and right.

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Appraisal Valuation Modernization Contracts 397

Housing Wire

MARCH 1, 2023

Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. trillion and to nearly $9.3

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Marketing Investing Mortgage Investors 379

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 366

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.

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Inventory Market Value Appraisal Contracts 243