Housing Wire

SEPTEMBER 15, 2023

of homes that went under contract that month, according to a new report from Redfin. I’ve seen more homebuyers cancel deals in the last six months than I’ve seen at any point during my 24 years of working in real estate. They’re getting cold feet,” said Jaime Moore, a Redfin Premier real estate agent in Reno, Nevada.

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Buyers Mortgage New Listings Real Estate Agent 419

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 406

Housing Wire

SEPTEMBER 13, 2021

Still, the 69,563 homes that went into contract represented a 9% decrease from the high point set in May 2021. from 55% in early July 2021, according to Redfin. from 55% in early July 2021, according to Redfin. Also noted as seasonally typical is the 16% decline in new home listings from the 2021 peak in June.

Housing Market 538

Housing Market Marketing Inventory Brokerage 538

Housing Wire

APRIL 17, 2023

Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. In early 2023, however, as inventory in Austin has become more and more constrained, buyers have become accustomed to the higher mortgage rates and demand has ticked up. This popularity has resulted in constrained inventory.

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Housing Market Marketing Inventory Buyers 387

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. Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market.

Buyers 421

Buyers Real Estate Agent Real Estate Inventory 421

Housing Wire

MAY 5, 2021

from the previous week, according to the latest report from the Mortgage Bankers Association for the week ending April 30, 2021. This is a sign that the competitive purchase market, driven by low housing inventory and high demand, is pushing prices higher and weighing down on activity. Mortgage applications dropped again , falling 0.9%

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Mortgage Contracts Government Inventory 417

Housing Wire

DECEMBER 4, 2020

CoreLogic released its final three-year housing and mortgage outlook report for the year on Thursday, and if numbers hold up, the data company predicts 2021 will maintain its unprecedented sales and record low mortgage rates as the economy continues to recover. Especially when contract interest rates for refis are below 3%.

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Mortgage Contracts Construction Inventory 512

Housing Wire

SEPTEMBER 22, 2022

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. That was a huge red flag, hence all the statements in 2021 about unhealthy housing. . From NAR Research : “Total existing-home sales notched a minor contraction of 0.4%

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Inventory Housing Market New Listings Mortgage 458

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

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

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Housing Market Marketing Contracts Finance 414

Housing Wire

DECEMBER 23, 2022

The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. million home sales nationally in 2023, a decline of about 6% compared to 2021, and the lowest level of home sales in nine years. But the national figures do not tell the whole story.

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Housing Market Marketing Inventory Buyers 399

Housing Wire

JULY 29, 2021

An index of 100 is equal to the average level of contract activity during 2001, the first year examined. million in 2022 from 6 million in 2021. million — up from 1.565 in 2021 — Yun said he believes existing-home sales prices will increase at a slower pace to a median price of $353,500. on the index in June, an 8.7% in 2022.

Marketing 441

Marketing Buyers Realtors Real Estate 441

Housing Wire

MAY 3, 2022

The real estate investment trust reported on Tuesday $690 million in net income for the first quarter, a 267% increase from the prior quarter. The total gain-on-sale margin declined to 1.53% in the first quarter, from 1.65% in the last three months of 2021. It was higher than the first quarter of 2021, when margins were 1.42%.

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Retail Investing Real Estate Mortgage 341

Housing Wire

APRIL 21, 2021

year-over-year in the first quarter of 2021, crushing sales of affordable homes (7% increase) and mid-priced homes (5.9%), per a recent report from Redfin. Lack of inventory , a national housing issue following the onset of the pandemic, isn’t an issue for luxury homes. Sales of luxury homes rose 41.6% from a year earlier.

Luxury Properties 491

Luxury Properties Real Estate Agent Inventory Real Estate 491

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. Realtor.com®:

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Housing Wire

AUGUST 31, 2021

With little inventory, home-price growth in the U.S. 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.

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Housing Market Inventory Buyers Real Estate 441

Housing Wire

MARCH 26, 2021

were heading to Portland in January and February of 2021. “It’s one of the hottest cities to move to in northern New England,” said Dava Davin, a principal broker at Portside Real Estate Group in Portland. ” And that low inventory is driving prices higher. . of movers leaving Boston, Mass.

Housing Market 466

Housing Market Marketing Real Estate Inventory 466

Housing Wire

NOVEMBER 30, 2020

However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices. pending home sales fell 1.1% compared to a year ago. Presented by: Fannie Mae.

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Realtors Inventory Contracts Development 534

Housing Wire

MAY 11, 2021

the biggest increase in luxury-home sales in the first quarter of 2021 was Miami, with sales up 101.1% The consequences of low inventory finally caught up with the broader housing market in February, with tightened supply largely responsible for a 10.6% When looking at the largest markets in the U.S., from a year earlier.

Mortgage 450

Mortgage Inventory Contracts Buyers 450

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% Homes priced between $100,000 and $250,000 were down 23% from January 2021, while sales of homes priced between $750,000 and $1 million rose 33%. Homes went under contract in just 19 days on average, down from 21 a year ago.

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Supply Chain Inventory Buyers Contracts 410

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.

Contracts 400

Contracts Landlords Inventory New Listings 400

Birmingham Appraisal

JUNE 28, 2022

Has There Been a Shift In The Real Estate Market? From all indications, there has been a definite shift in the real estate market. 5 Real Estate Stats To Keep An Eye On. The lower days on market reflect the speed at which the available inventory is being purchased. Conclusion.

Real Estate 52

Real Estate Marketing Inventory Sellers 52

Housing Wire

MARCH 27, 2023

in early 2021, the Texas tech hub has been impacted by tech layoffs, dwindling tech stock values and unsustainable high home prices. In addition, just 16% of the homes in Austin went under contract within two weeks of hitting the market. While Austin was the most popular migration destination in the U.S.

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Housing Market Marketing Contracts Buyers 373

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

Mortgage 409

Mortgage Sellers Contracts Buyers 409

Housing Wire

MAY 19, 2022

HousingWire: The current inventory shortage doesn’t seem like it will let up anytime soon. Jon Irvine: First, refinance volume has already dropped significantly from 2021 to Q1 2022. The combination of the slowing refinance market and the current inventory shortage has made fulfilling volume needs even more challenging.

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Marketing Lending Inventory Mortgage 409

Housing Wire

FEBRUARY 28, 2023

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% Lisa Sturtevant, Bright MLS’ chief economist, noted, however, that persistent low inventory conditions are keeping prices elevated in many markets. below its June peak.

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Inventory Housing Market Contracts Realtors 403

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. The index showed a 19.7% a month prior. This is the highest annual rate of price growth since the index began in 1987 and the fourteenth consecutive month of accelerating prices.

Housing Market 485

Housing Market Finance Contracts Inventory 485

Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.

Agents 408

Agents Buyers Sellers Inventory 408

Listing Spark

MARCH 9, 2023

Episode Summary Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. ” [00:05:56] 2022 Real Estate Market in Austin, Texas In 2022, transaction numbers were down 19.1%

Real Estate 28

Real Estate Marketing Sellers Home Value 28

Hank Miller Team

AUGUST 14, 2022

What if the Atlanta real estate market isn’t going to crash? However when time is taken to consider the data, real estate falls into pretty consistent patterns. To anticipate where the Atlanta area real estate market might go, it’s good to review where it’s been. That ended late Q2’21 as the Fed stepped in.

Real Estate 40

Real Estate Marketing Contracts Inventory 40

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. through the rest of 2022.

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Housing Market Marketing Loan Officers Buyers 306

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. With first-lien mortgages … the trading volumes are down from 2021 and 2022 peak levels.

Mortgage 381

Mortgage Marketing Investors Lending 381

Empire Appraisal Group

FEBRUARY 29, 2024

CHICAGO – Homeowners who decline to use a real estate agent to sell their property are twice as likely to say they weren’t satisfied with the selling experience, according to a new survey from Clever Real Estate of 1,000 home sellers in 2022 and 2023.

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Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

APRIL 20, 2022

Bonnie Williamson never intended to be a real estate agent. As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 Just how we do contracts now is so much faster. Williamson was on the airline’s inaugural flight to Moscow in 1968.

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Real Estate Agent Real Estate Agents Brokerage 413

Housing Wire

APRIL 3, 2023

The funding has allowed the firm to grow exponentially, de-throning residential real estate’s two biggest brokerages— Anywhere Real Estate and Berkshire Hathaway Homeservices —in just over a decade. This meant slowing growth or contraction at a lot of previously high-flying proptech companies. billion and $148.6

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Brokerage Real Estate Housing Market Business 348

Realtor

JULY 13, 2021

In our current seller’s market, the national inventory of active listings is down 43.1% year over year, according to the Realtor.com June 2021 Housing Market Trends Report. Contingencies, in the world of real estate, are essentially conditions that must be met to finalize the sale of a home. Home inspection.

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Inspection Real Estate Agent Real Estate Buyers 203

Cleveland Appraisal Blog

AUGUST 20, 2021

Earlier in the year, I appraised a home to have a market value that was twenty-eight thousand dollars ($28,000) higher than the contract price. Contrary to popular belief, good appraisers do not magically appraise homes at their contract price simply to rubber-stamp a sales price. This is a good example. Here’s another example.

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Appraisal Market Value Contracts Agents 418