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Lower mortgage rates are stabilizing the housing market

Housing Wire

These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. As we can see below, none of that is happening today because the seller isn’t stressed.

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Existing home sales data shows extent of housing inflation

Housing Wire

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. . It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52

Inventory 458
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The standoff between homebuyers and sellers

Housing Wire

There’s a showdown at the housing market corral between homebuyers and sellers. It facilitated a very unhealthy housing market in 2020-2021 that became savage in 2022. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. It wasn’t part of my forecast in 2020 or 2021.

Sellers 504
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The savagely unhealthy housing market is over

Housing Wire

This facilitated the biggest decline in existing home sales for a single year that we will ever see in modern-day history due to the high level of sales in January of 2022. The housing market can still be very frustrating to buyers and sellers because mortgage rates can move fast up or down. million in January 2022).

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December Real Estate Market Update

Listing Spark

Across the major markets in Texas, our December real estate market update shows clear data points that we are ending the year in one of the strongest seller’s markets we have seen in modern history. . The Fed just announced they are not raising rates so we should continue to see favorable interest rates in to 2021.

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29 Cutting-Edge Real Estate Marketing Ideas for 2024

Housing Wire

New findings from the National Association of Realtors (NAR) show a fresh picture of who’s buying and selling homes, with more first-time buyers entering the market and families looking for homes that fit multiple generations. Advertising on Zillow can put your brand in front of millions of potential buyers and sellers.

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HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

The company forecasts an 8% YoY increase in new communities for 2021 across the U.S. Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. And many of the new projects are larger than in years past. Active listings as of Sept.