Housing Wire

JANUARY 25, 2023

After blowing past the 2% core inflation target in April 2021, it continuously rose for 18 months until peaking in September 2022. Inventory What does that mean for housing? Since the COVID-19 pandemic lockdowns of 2020, inventory has dropped to record-low levels both in 2021 and 2022. It did not hit 6.7%

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Housing Market Marketing Inventory Sellers 427

Housing Wire

FEBRUARY 18, 2021

In 2020, home prices soared by nearly 10% to levels not seen since 2014, all while inventory dropped significantly. However, even individuals that purchased homes in 2020 have seen an increase in home value after just one year of homeownership. 2021 Will See Continued Growth.

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Real Estate Investing Marketing Home Value 525

Housing Wire

MARCH 9, 2021

As the first quarter of 2021 nears its end, a recent Redfin report shows both good and bad news for Black homeowners. The positive: Homeowners in primarily Black neighborhoods earned an average of $59,000 in home equity in 2020, compared with $50,000 for homeowners in primarily white neighborhoods between 2019 through January 2021.

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Home Value Market Value Brokerage Inventory 475

Listing Spark

FEBRUARY 24, 2021

Well folks, if you’re wondering if the market has cooled off at all now that we have rolled in to 2021, it hasn’t. To give an example of how we measure the type of market we are in, we look at what’s called the months supply of inventory. In a balanced market, we have typically have 4-6 months supply of inventory.

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Housing Wire

JANUARY 7, 2022

That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year. The “Queen city of the Ozarks” needs more homes. Still, Augusta home prices are not immune to national trends.

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Housing Market Marketing Real Estate Agent Agents 393

Housing Wire

FEBRUARY 1, 2023

Interest rates, though down slightly in recent weeks, are still double what they were at the end of 2021, and the Federal Reserve continues its monetary tightening policies to fight inflation. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

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Marketing Government Mortgage Sellers 407

Boston Appraisal

JANUARY 18, 2023

The Rise in Interest Rates and How It Affects Buyers and Sellers When the COVID-19 pandemic began in early 2020, the Federal Reserve was quick to act by substantially reducing interest rates, which resulted in many new buyers entering the market to purchase a home at low rates. This is no longer the case.

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Cleveland Appraisal Blog

OCTOBER 14, 2021

It is interesting that inventory levels were increasing rapidly in the years leading up to 2008. While at the same time, home prices were surging. Before the pandemic, there was already a shortage of housing inventory in many parts of the country, including in Northeast Ohio. Months of Housing Inventory Historically.

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Inventory Market Value Appraisal Contracts 243

Lamacchia Realty

DECEMBER 8, 2021

The Federal Housing Finance Agency (FHFA) has announced that the baseline conforming loan limit will increase a record 18% to $647,200, which is an increase of $98,950 from $548,250 in 2021. home price. Why are Home Prices so high? April 8, 2021. 2021 Loan Limits Set to Increase. Additional Resources. Read More ».

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Eppraisal

SEPTEMBER 24, 2021

The market normally remains strong, and home values rise, through the spring and summer months. The 2021 fall real estate market is going to be different. These pandemic-related changes interacted with the existing housing inventory shortage, resulting in sharp price increases for both owned homes and rental units."

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Empire Appraisal Group

NOVEMBER 23, 2022

One year earlier in 3Q 2021, Opendoor reported a loss of $57 million. Navigating a once-in-forty-years market transition has required us to operate with urgency and discipline to manage risk and overall inventory health,” Eric Wu, co-founder and CEO of Opendoor said in a statement. “In

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Realtors Inventory Sellers Home Value 78

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Mortgage rates dropped down to record lows that carried through much of 2021. In addition, home values and sales skyrocketed. While 2021 saw small steps toward normalcy, it by no means experienced a cool down. Buyer demand continued.

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Housing Market Marketing Inventory Real Estate 78

Eppraisal

JANUARY 28, 2022

The 2021 real estate market was a record-breaking year. Home sales are expected to increase another 6.6% and home prices to rise another 2.9% on top of 2021 highs." and data from Freddie Mac, low interest rates and limited availability of homes in desired areas led to an overall increase of home prices of 11.3%

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Marketing Home Value Real Estate Housing Market 68

Eppraisal

SEPTEMBER 22, 2021

According to an article on Bankrate.com, written by Jeff Ostrowski, "Mortgage rates plumbed to new depths in January 2021, setting all-time lows south of 3 percent." The inventory of homes available are historically low as well. The inventory of active listings is still down 52.8% There wasn't a lack of inventory either.

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Real Estate Marketing Inventory Home Value 45

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. The debt level, both current and anticipated in 2021, is worrisome. We believe the bill won’t come due in 2021 and potentially not in 2022 either.

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Housing Market Marketing Real Estate Realtors 68

Eppraisal

JUNE 8, 2021

Here's what to be prepared for: Competition Inventory is at its lowest point in many years. According to Realtor.com's April 2021 Monthly Housing Market Trends Report, the national inventory of active listings declined by 53% over last year. Prices Too High Home values are rising. Home values have risen.

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Marketing Sellers Buyers Home Value 69

Eppraisal

APRIL 20, 2021

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. With limited inventory, home values are on the rise.

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Sellers Loan Officers Inventory Home Value 66

Empire Appraisal Group

DECEMBER 3, 2021

In the largest cities, a home with an ADU is priced 35% higher, on average, than a home without one, according to Porch.com. . ADUs have been touted as one answer to the housing affordability and inventory crisis. Source: “ 2021 Study: How Much Value Do Granny Flats and Other Accessory Dwelling Units Add to a Home?

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Home Improvement Law Inventory Appraisal 78

Eppraisal

MARCH 18, 2022

It is no secret that many home buyers are having a hard time finding a home to purchase. The inventory of homes available for sale was on the low side even before the Covid 19 pandemic. According to data from Realtor.com, "The inventory of homes for sale dropped 53% between April 2020 and April 2021."

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Real Estate Agent Agents Real Estate Sellers 68

Eppraisal

DECEMBER 14, 2021

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Home Prices Yes, home values will continue to rise against other economic pressures, according to an estimation reported by Fannie Mae. Again, good news for sellers; a headache for seekers.

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Real Estate Supply Chain Marketing Inventory 67

Eppraisal

AUGUST 9, 2022

Back then the economy dove down into a deep recession and home values plummeted. Here are a couple key differences from the last Recession: Home Prices Still Increasing The past few years homeowners have been enjoying property value increases. Inventory levels continue to rise which is slowly balancing out the market.

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Real Estate Inventory Home Value Buyers 36

Cornerstone

SEPTEMBER 3, 2021

Now that we’ve reached the second half of 2021, it’s apparent: Today’s housing market is breaking records. A housing inventory shortage. Thankfully, housing inventory levels have slowly begun to rise. The recent Monthly Housing Market Trends Report from realtor.com states: “In July, newly listed homes grew by 6.5

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Housing Market Marketing Inventory Loan Officers 49

Listing Spark

SEPTEMBER 30, 2020

In short, huge demand that inventory simply can’t keep up with. Homes are selling at such a feverish pace that active listings are plummeting across the board, further lowering our months of inventory available to buyers. Will it happen Q1 or Q2 of 2021? That’s great news if you are a seller though. .

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Real Estate Marketing Inventory New Listings 69

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. As a result, home values have been increasing. Appraisers are more in control of home values than many people think.

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Appraisal Contracts Sellers Home Value 66

Eppraisal

APRIL 12, 2022

The current real estate market is like no other in history in there is a lack of inventory of homes being listed for sale. According to an article in Keeping Current Matters, "A balanced real estate market's inventory sits around 6 months. It's never too early to start preparing to purchase your first home.

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Home Value Real Estate Buyers Realtors 36

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. He provides advice on pricing homes and how to negotiate, as well as what to expect for the rest of 2023.

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Real Estate Marketing Sellers Home Value 28

Cornerstone

APRIL 30, 2021

The fact that housing inventory is at record lows has driven up prices – and potential profits — by 14.1 Increasing prices also indicate increasing home values, allowing a seller to tap into thousands of dollars in equity gains. Sellers who may have been reluctant to list in the past few years are now considering it.

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Sellers Buyers Inventory Loan Officers 66

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. NAR statistics cite that across the country the average number of offers on an existing home is between two and six. According to Zillow.com the average home value will rise as high as 13.5%

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Sellers Real Estate Buyers Home Value 67

Eppraisal

APRIL 27, 2021

I t has always been said that owning a home is the American dream. According to the latest 2021 statistics from ipropertymanagement.com, "44.1 households rent their homes." Some have no other choice than to rent a home, others are qualified to purchase a home but have decided not to. million or 35.9%

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Berkshire Hathaway

FEBRUARY 23, 2021

With home values forecasted to appreciate by about 5% this year it has some people concerned that we may be in another housing bubble and that that bubble is about to burst. In real estate we measure supply and demand based on what we call “months’ supply of inventory.” So, don’t stress, we are here to ease your mind!

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Home Value Inventory Real Estate Mortgage 36

Cleveland Appraisal Blog

APRIL 29, 2021

And that can certainly translate into increases in value. I also have some new podcasts in the works for my show at Home Value Stories. I just aired one on home staging this week. 8 Reasons Why Buying a House In 2021 Is Harder Than Last Year – NextAdvisor, by Farnoosh Torabi. So, stayed tuned.

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Eppraisal

NOVEMBER 30, 2021

Housing starts increased right along with home values in 2021. According to a release from census.gov on November 17, 2021, housing starts were 0.4 This is partly due to the shortage of available housing inventory this year. percent above the October 2020 rate.

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Contracts Home Value Design Development 36

Eppraisal

APRIL 5, 2021

Inventory of for-sale homes will remain modest but foreclosures are expected to pick up in some quarters. Again, given the low inventory of houses on the market, sale prices and home value are heading in an upward direction in many U.S. This is not unique to 2021 or pandemic recovery, of course.

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Marketing Mortgage Finance Home Value 36

Lamacchia Realty

JUNE 21, 2021

For almost 12 months, the market inventory has been so low that buyers have become used to bidding wars. It was rare to find a properly priced home for sale that wasn’t receiving multiple over-asking offers after a mobbed open house. Are you a “Want-to-Be” Seller in 2021? June 18, 2021. June 15, 2021. June 4, 2021.

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Buyers Inventory Sellers Open Houses 36

Eppraisal

OCTOBER 2, 2021

The real estate markets in 2020 and so far in 2021 have been like no other. The demand for homes has been and is still high, as eager buyers rush to new listings and submit offers quickly. Home prices continue to increase and sellers are reaping the rewards of quick sales. Inventory of homes available are historically low.

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Agents Real Estate Agent Marketing Real Estate 36

Housing Wire

SEPTEMBER 9, 2021

Mortgage rates have struggled to reach 3% for most of 2021, despite predictions. Consumers, meanwhile, are still desperate to buy homes. The lack of available inventory coupled with sustained consumer demand has continued to drive historic increases in home prices. In June, home-price growth in the U.S.

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Mortgage Home Value Valuation Inventory 469

Housing Wire

MARCH 23, 2022

At the end of February, an estimated 407,000 new homes were still for sale, which at the current sales rate represents a 6.3 from a month prior and a 40% increase from the February 2021 level. Inventory is at a record low and homes are selling within a week of being listed – more than two weeks faster than they did in February 2020.”.

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Supply Chain Housing Market Buyers Construction 383