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%

Inventory 458

Inventory Housing Market New Listings Mortgage 458

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. Sellers are locked in because they can’t justify giving up a 2.9%

Housing Market 373

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. . “The million in September 2021. Tables have turned for some sellers. million units from 6.18

Mortgage 409

Mortgage Sellers Contracts Buyers 409

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.

Supply Chain 410

Supply Chain Inventory Buyers Contracts 410

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions.

Sellers 65

Sellers Realtors Buyers Inventory 65

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

Hank Miller Team

APRIL 6, 2022

It's time to answer the nagging question…did housing inventory in Atlanta increase during the first quarter of 2022? A low in listings was reached in Feb 2021 after a Tower of Terror free fall at the start of the pandemic. The Covid collapse in listings is clear here as is the corresponding dip in Jan 2021 sales.

Inventory 94

Inventory Contracts Buyers Sellers 94

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.

Housing Market 399

Housing Market Marketing Inventory Buyers 399

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

JUNE 21, 2022

Back then, terrible lending regulations, a surplus of inventory, and little to no equity for homeowners was a recipe for disaster. Today, high amounts of homeowners equity and demand paired with an extreme shortage of inventory make for very different market conditions compared to the last crash. Pending listings declined by 3.9%

Sellers 69

Sellers Housing Market Marketing Inventory 69

Housing Wire

MAY 10, 2022

The report used real time listing data to show the limited housing inventory and the repercussions to home buyers. By using real time inventory data, and stratifying by income, the report highlights that for a household who earns $75,000 to $100,000 they have 411,000 fewer homes available for sale compared to pre-pandemic.

Housing Market 443

Housing Market Realtors Buyers Inventory 443

Appraisal Buzz

DECEMBER 27, 2021

million units , and some experts say it could reach 8 million if there were more inventory. Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. of homes are valued lower than the contract price. Total year-end sales volume ended at 5.64 Therein lies the problem.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Don’t drink the Kool-Aid that any contract price is reflective of market value. It is interesting that inventory levels were increasing rapidly in the years leading up to 2008. Months of Housing Inventory Historically.

Inventory 243

Inventory Market Value Appraisal Contracts 243

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. Over the last four weeks ending on Sept.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

FEBRUARY 12, 2024

Each week — for several months now — inventory levels of unsold homes on the market has been expanding compared to last year. Even as inventory declined this week, it’s relatively growing compared to a year ago. This week, inventory fell by half a percent. There are still notably not a lot of sellers. But it is growing.

Sellers 408

Sellers Housing Market Buyers New Listings 408

Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. What’s happening with inventory? Normally by this point in September, available inventory is declining slightly each week.

Inventory 491

Inventory Contracts New Listings Mortgage 491

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. They’re making sky-high offers and writing heartfelt letters to sellers about why they should get the house. Mold remediation.

Inspection 203

Inspection Real Estate Agent Real Estate Buyers 203

Housing Wire

AUGUST 7, 2023

As a result, the available inventory of homes for sale is slightly higher each week. With fewer transactions, inventory is building just a bit as we approach the end of the summer. When will inventory peak for the year? Inventory Inventory is still climbing just a bit each week as we approach the end of the season.

Inventory 332

Inventory New Listings Contracts Buyers 332

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. The seller will probably never know. The reason?

Appraisal 418

Appraisal Market Value Contracts Agents 418

Birmingham Appraisal

JULY 27, 2022

If they didn’t lose out on a contract for the home of their dreams they had to bid the price up way over the list price to even get the attention of sellers who have had an edge in the market since interest rates dropped after the COVID pandemic. Months of Inventory/Active Listings – The months of inventory is on the rise.

Buyers 87

Buyers Inventory Sellers Appraisal 87

Lamacchia Realty

JANUARY 27, 2023

The 2022 Connecticut Year in Review Housing Report breaks down sales, new listings, new pending sales, active inventory, and average price compared to the 2021 market and analyzes what the data means for the current housing market and beyond. In 2022, there were fewer sales in Connecticut than in 2021, down 18.8%

Inventory 53

Inventory Sellers Buyers Real Estate 53

Hank Miller Team

DECEMBER 17, 2021

So what's in store for home buyers and sellers that have to make a move this spring? Buyers will again be challenged and sellers will reap the reward…until they become buyers. The Jan/Feb inventory bounce always happens; and it did in 2020 until the world stopped. The bump kinda sorta returned in 2021 but what happens in 2022?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Eppraisal

OCTOBER 19, 2021

This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. In fact, according to the National Association of Realtors, "94% of metro areas saw double-digit price growth in the second quarter of 2021."

Appraisal 66

Appraisal Contracts Sellers Home Value 66

Cornerstone

JULY 1, 2021

Here’s an overview of why selling your house now may be optimal: Because inventory is so tight and demand is so high, buyers are competing for limited listings as homes fly off the market. Housing inventory still sits far below the six-month supply threshold required to uphold a healthy market.*

Sellers 61

Sellers Buyers Real Estate Agent Inventory 61

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. The seller will probably never know. The reason?

Appraisal 263

Appraisal Market Value Contracts Agents 263

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Hank Miller Team

FEBRUARY 27, 2022

Coming off the frenzied Atlanta 2021 real estate market, it's hard to imagine things could get tougher for home buyers, but they are. Inventory is even lower than last year and no one is expecting a major change any time soon. Add to the mix Wall Street and corporate investors circling like apex predators. A rent back?

Buyers 52

Buyers Inspection Contracts Sellers 52

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.

Housing Market 66

Housing Market Bracketing Marketing Sellers 66

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. Avoid 9 Costly Mistakes Sellers Make. The debt level, both current and anticipated in 2021, is worrisome. Concerned about a housing market crash?

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Listing Spark

MARCH 9, 2023

There were 10 consecutive months of declining sales and many sellers had to recalibrate their expectations in order to get their homes sold. in Austin and inventory rose from 0.6 in Austin and inventory rose from 0.6 Home values dropped as much as 15%, erasing some of the gains made in 2021. [00:06:20]-[00:07:06]

Real Estate 28

Real Estate Marketing Sellers Home Value 28

Hank Miller Team

AUGUST 14, 2022

Granular data (by the week or two) is critical tactically; what do buyers and sellers in the market right now need to know? Reviews of quarterly data is more productive when looking strategically; needed for buyers and seller 90-120 days out. Covid trips Q4 but as 2021 opens contract and sale prices jump.

Real Estate 40

Real Estate Marketing Contracts Inventory 40

Eppraisal

MAY 12, 2021

This is a direct result of the historically low inventory of homes available for sale as buyers are competing for homes. Buyers are placing their best offers to get sellers to choose them. by mid-2021 and end up 10.5% Some sellers are even asking buyers to waive appraisals. This clause also has a capped price.

Sellers 67

Sellers Real Estate Buyers Home Value 67

Lamacchia Realty

OCTOBER 13, 2022

Sellers and their agents use comps to help determine a proper list price for a property. In this market, a seller looking at comps to pinpoint their own target list price must be a little savvier than in years past. Market value is determined by sales, not the high hopes of a seller. Comps in the Post-COVID Market.

Marketing 70

Marketing Sellers Buyers Market Value 70

Birmingham Appraisal

JUNE 28, 2022

From 2019 to 2021 the percent of Active Listings in Jefferson County with price drops had decreased, however, in mid-April of this year, the trend has continued to rise and has surpassed the past 4 years to 4.4%, compared to the low last year of 2.5%. Over the past several weeks the months of supply have matched that of 2021.

Real Estate 52

Real Estate Marketing Inventory Sellers 52

Eppraisal

OCTOBER 2, 2021

The real estate markets in 2020 and so far in 2021 have been like no other. Home prices continue to increase and sellers are reaping the rewards of quick sales. Time on the market in August 2021 was down 12 days from last year. Your agent should know the real estate contract like the back of her hand.

Agents 36

Agents Real Estate Agent Marketing Real Estate 36

Empire Appraisal Group

JANUARY 11, 2023

But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. Housing inventory is expected to remain tight in 2023, with housing starts below historical averages and fewer homeowners willing to sell, said NAR Chief Economist Lawrence Yun.

Real Estate 78

Real Estate Marketing Buyers Sellers 78