Housing Wire

SEPTEMBER 7, 2023

That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. The lender and LO can make or break the transaction.”

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Buyers Agents Loan Officers Real Estate 397

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. Meanwhile, buyers are plucking up homes left and right. of homes are valued lower than the contract price.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% from February 2022. Even though rates ticked up in February, some buyers took the plunge anyway, anxious that mortgage rates would be moving even higher this spring.” In-contract deals rose 0.7% in February, a 28.4%

Contracts 304

Contracts Realtors Home Value Housing Market 304

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? The key here are sales; fairly consistent and even the dip in Jan 2022 was higher than Jan 2019. No visible increase in inventory over the first quarter of 2022, if fact we're at a low point right now.

Inventory 94

Inventory Contracts Buyers Sellers 94

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. January sales reflect purchase contracts made in November or December, and there is evidence that in many markets, the housing market has bottomed out and buyers are beginning to return to the market.”

Inventory 368

Inventory Buyers Housing Market Contracts 368

Hank Miller Team

DECEMBER 17, 2021

It’s with a MASSIVE dose of “we think” that we offer our latest opinions (12/16/21) for the first quarter of the 2022 North Atlanta real estate market. It's not a rosy outlook; expect home buyer frustration to increase in 2022. So what's in store for home buyers and sellers that have to make a move this spring?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Housing Wire

MARCH 27, 2023

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. In addition, just 16% of the homes in Austin went under contract within two weeks of hitting the market. according to Redfin’s data. Pending sales also dropped by 40%.

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Housing Market Marketing Contracts Buyers 375

Housing Wire

APRIL 17, 2023

But, in 2022, as prices in the metro rose to never-before-seen levels, things started to change. 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. “It

Housing Market 390

Housing Market Marketing Inventory Buyers 390

Housing Wire

MARCH 28, 2023

2023 began as 2022 had ended, with U.S. below its peak in June 2022. Persistent challenges related to low inventory , however, will prevent home prices from falling dramatically. First, despite the fact that inventory has increased from a year ago, supply is still very low by historical standards. to a reading of 109.07.

Buyers 394

Buyers Inventory Contracts Finance 394

Housing Wire

SEPTEMBER 11, 2023

HousingWire: According to ATTOM Data Solutions‘ latest foreclosure market report, bank repossessions climbed 9% in the first half of 2023 compared to the first half of 2022. Michael Chew: First, consider the first half of 2022; some areas were still dealing with or just coming out of pandemic -related foreclosure moratoriums and restrictions.

Inventory 406

Inventory Technology Design Tools 406

Housing Wire

DECEMBER 23, 2022

New home sales data last month was much stronger than had been anticipated; the market had expected a contraction of 4.7% Since July, about 10,000 contracts have been canceled each month, according to data from John Burns Consulting. Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. in November.

Contracts 381

Contracts Inventory Housing Market Mortgage 381

Hank Miller Team

JULY 18, 2022

Cancel culture invades real estate.The number of canceled home contracts hit a two year high in June 2022. Still, 22 of contracts terminating isn't a anything to ignore. As inflation runs roughshod over the country, there are multiple factors playing a role in contracts terminating. Can a seller sue the buyer?

Contracts 52

Contracts Sellers Buyers Agents 52

Housing Wire

FEBRUARY 28, 2023

The 2022 housing market was largely characterized by the swift slowdown in demand caused by rapidly rising mortgage rates. year over year in 2022, according to data from the National Association of Realtors , home prices still managed to rise 5.8% Low inventory has propped up home prices in many markets,” she said.

Inventory 405

Inventory Housing Market Contracts Realtors 405

Housing Wire

MAY 25, 2022

of total applications from 33% the previous week, according to the MBA, and refinance activity is down 66% compared to January 2022. . Currently, higher rates, low inventory, and high prices are keeping prospective buyers out of the market.”. Refinance share of mortgage activity dropped to 32.3% from 10.5% in the prior week.

Mortgage 430

Mortgage Contracts Retail Inventory 430

Housing Wire

MAY 10, 2022

As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process.

Housing Market 445

Housing Market Realtors Buyers Inventory 445

Housing Wire

FEBRUARY 28, 2022

Even though the recent existing-home sales data has been outperforming my expectations , the pending home sales data to me looks more in line with my expectations for 2022. regions, only the West registered an increase in month-over-month contract activity. 2022 Pending home sales. Of the four major U.S. We ended 2020 with 5.64

Inventory 410

Inventory Housing Market Realtors Marketing 410

Housing Wire

APRIL 26, 2023

Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. Prices are still expensive, forcing buyers to look at less expensive homes or areas not as preferred. The bottom for 2022 was 240,194.

Mortgage 397

Mortgage Loan Officers New Listings Government 397

Housing Wire

SEPTEMBER 22, 2022

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. I am a big fan of inventory to 2019 levels.

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Inventory Housing Market New Listings Mortgage 458

Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. 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. at the end of 2022. Six percent mortgage rates have also priced some buyers out of the market.

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Housing Market Marketing Inventory Buyers 401

Housing Wire

NOVEMBER 29, 2022

As has been the case for the past several months, our September 2022 report reflects short-term declines and medium-term deceleration in housing prices across the U.S.,” As a result, prices might not continue to plunge down as much as some projections anticipate— as the available inventory of homes on the market is constrained.”.

Inventory 368

Inventory Contracts Sellers Finance 368

Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies. All cash buyers now stand at 24%.

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Realtors Housing Market Marketing Buyers 397

Housing Wire

JANUARY 19, 2022

“The continued rise in purchase loan application sizes is driven by high home price appreciation and the lack of housing inventory on the market – especially for entry-level homes,” Kan said. The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) increased from 3.52% to 3.64%.

Mortgage 397

Mortgage Contracts Government Inventory 397

Housing Wire

APRIL 25, 2023

below its June 2022 peak.” However, despite the recent uptick, the continued low inventory conditions are expected to keep home prices elevated nationally. Because most home sales take several months from contract to closing, the data likely includes some deals struck in October and November. in February, and now stands 4.9%

Inventory 372

Inventory Contracts Buyers Sellers 372

Birmingham Appraisal

JULY 27, 2022

Do Buyers Have a Leg Up In Today’s Market? The smell of a market shift is in the air but what does this mean for the average buyer? Over the past two years, buyers have been put through the wringer. The steep rise in home prices, and the market’s competitive nature, have tested the resolve of buyers.

Buyers 87

Buyers Inventory Sellers Appraisal 87

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. in 2022. . rise from a year ago.

Marketing 441

Marketing Buyers Realtors Real Estate 441

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Given the ongoing job additions, any meaningful decline in mortgage rates could lead to a rush of buyers later in the year and into the next.” Home prices will be influenced by how much inventory is brought to market. from 2022 to 2023, to 1.47

Construction 368

Construction Inventory Realtors Housing Market 368

Housing Wire

APRIL 15, 2024

Higher mortgage rates have forced available inventory to climb all year. Housing inventory There are now 526,000 single-family homes active unsold on the market. jump in unsold inventory in a week is very notable. As mortgage rates rise, inventory rises. Or, to put it another way: demand slows, inventory grows.

Inventory 423

Inventory Mortgage New Listings Sellers 423

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

Housing Wire

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. Total available inventory is gradually climbing about 1% per week — last year it was still declining in April. As we roll into the second quarter, we should have accelerating inventory growth each week.

Inventory 466

Inventory New Listings Contracts Sellers 466

Housing Wire

FEBRUARY 7, 2023

The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022. And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates.

Mortgage 383

Mortgage Loan Officers Government Buyers 383

Birmingham Appraisal

MAY 11, 2022

With the first quarter of 2022 under our belts, I thought I would take a quick look at how the numbers stack up against past years, and for March. There is a direct relationship between the health of the market and buyer activity. Median home prices continue to rise as a result of high demand and limited inventory.

Housing Market 52

Housing Market Marketing Inventory Buyers 52

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. through the rest of 2022. Signed contracts to purchase existing homes declined a wider-than-expected 8.6%

Housing Market 306

Housing Market Marketing Loan Officers Buyers 306

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. Of my initial expectations this year — rising inventory, rising sales rates, rising prices — only rising inventory remains clear at this moment as we finish Q1 with rising interest rates. As we started 2024, the signals in the U.S.

Inventory 433

Inventory New Listings Sellers Contracts 433

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. Well, the data doesn’t lie.

Sellers 69

Sellers Housing Market Marketing Inventory 69

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings. From 2022 to 2023 alone, rates rose 15%.

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Insurance Inventory Marketing Real Estate 413

Housing Wire

AUGUST 7, 2023

As a result, the available inventory of homes for sale is slightly higher each week. Higher mortgage rates mean higher monthly payments, less affordability for home buyers and slightly fewer transactions. With fewer transactions, inventory is building just a bit as we approach the end of the summer. in just a few weeks.

Inventory 337

Inventory New Listings Contracts Buyers 337

Hank Miller Team

NOVEMBER 4, 2022

Seems that just over 70 of recent homebuyers have buyer’s remorse. In Feb '21 we noted that 44 of homebuyers had buyer's remorse, these new stats are bonkers. This number is a bit of a surprise and the reasons have to do with price but also with just about every other aspect of the buyer's transactions. Most of them.

Buyers 40

Buyers Real Estate Agent Agents Real Estate 40