Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement.

Inventory 421

Inventory Renovations Contracts Buyers 421

Housing Wire

AUGUST 3, 2023

The firm’s revenues came in at $2 billion in the second quarter of 2023, down 37% compared to the previous quarter and 53% related to 2Q 2022. Total operating expenses declined to $217 million, compared to $294 million in Q1 2023 and $454 million in Q2 2022. Meanwhile, Opendoor’s inventory balance reached $1.1

Inventory 357

Inventory Contracts Sellers Housing Market 357

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event.

Buyers 479

Buyers Realtors Inventory Sellers 479

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. Although inventory has increased from February of last year, the number of homes available for sale is just half of what it was three years ago. In-contract deals rose 0.7% from February 2022.

Contracts 304

Contracts Realtors Home Value Housing Market 304

Housing Wire

OCTOBER 31, 2023

In August, pending home sales , existing home sales and new home sales all fell compared to the previous month, as mortgage rates climbed and inventory remained scarce. The Case-Shiller index measures repeat sales data and reflects a three-month moving average, meaning that the August data includes homes that went into contract in June.

Inventory 475

Inventory Housing Market Contracts Realtors 475

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. Nationally, 14.9 in Apr '20.

Contracts 52

Contracts Sellers Buyers Agents 52

Housing Wire

APRIL 27, 2023

For the first time since November 2022, pending home sales fell in March, posting a 5.2% An index of 100 is equal to the level of contract activity in 2001. An index of 100 is equal to the level of contract activity in 2001. year over year in 2023 to 670,000 homes due to higher new home inventory than existing home inventory.

Inventory 426

Inventory Realtors Contracts Construction 426

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 This popularity has resulted in constrained inventory.

Housing Market 387

Housing Market Marketing Inventory Buyers 387

Housing Wire

SEPTEMBER 28, 2023

below the August 2022 level. An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Existing home sales also fell in August, down 15.3% The NAR’s Pending Home Sales Index fell to a reading of 71.8

Housing Market 466

Housing Market Contracts Government Buyers 466

Hank Miller Team

MARCH 6, 2024

About two years ago this month, Atlanta real estate and interest rates started a very complex relationship. The Fed slammed the brakes on low rates, and despite the initial wobble, the Atlanta real estate market found stability and firm ground. A balanced market tends to have 3-5 months of inventory, this was down to 1.1

Real Estate 52

Real Estate Sellers Buyers Inventory 52

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. But relatively low inventory will be the primary driver of subdued transactions.

Housing Market 399

Housing Market Marketing Inventory Buyers 399

Housing Wire

SEPTEMBER 29, 2022

An index of 100 is equal to the level of contract activity in 2001. The direction of mortgage rates – upward or downward – is the prime mover for home buying, and decade-high rates have deeply cut into contract signings,” Lawrence Yun, NAR’s chief economist, said in a statement. “If year over year in 2022, to 5.19 million units.

Contracts 380

Contracts Realtors Inventory Marketing 380

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

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 403

Inventory Housing Market Contracts Realtors 403

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.” in January.

Inventory 367

Inventory Buyers Housing Market Contracts 367

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. compared to 2022.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Housing Wire

MARCH 27, 2023

In addition, just 16% of the homes in Austin went under contract within two weeks of hitting the market. That’s a significant decline from February 2022, when 38% of homes in Austin were under contract within two weeks of being listed. according to Redfin’s data. Pending sales also dropped by 40%.

Housing Market 373

Housing Market Marketing Contracts Buyers 373

Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . The share of non-primary residence buyers is now at 16% from a high of 22% in January 2022.

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Realtors Housing Market Marketing Buyers 397

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

Housing Market 414

Housing Market Marketing Contracts Finance 414

Housing Wire

SEPTEMBER 22, 2022

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% Total Inventory data fell in this report from 1.31 It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52 I am a big fan of inventory to 2019 levels. Unsold inventory sits at a 3.2-month

Inventory 458

Inventory Housing Market New Listings Mortgage 458

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 366

Inventory Contracts Sellers Finance 366

Raleigh Realty

FEBRUARY 19, 2022

and in order to answer that question, you need to understand how Real Estate Agents make money. If you could go back to your first year as a Real Estate Agent, what advice would you give yourself? One of the first questions new Realtors have for me is always 'how much money will I make in my first year?'

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Housing Wire

JULY 29, 2021

An index of 100 is equal to the average level of contract activity during 2001, the first year examined. in 2022. . million in 2022 from 6 million in 2021. The overall pending home sales index fell 1.9% in June, according to the National Association of Realtors , which tracks the metric. (An on the index in June, an 8.7%

Marketing 441

Marketing Buyers Realtors Real Estate 441

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 393

Buyers Inventory Contracts Finance 393

Housing Wire

DECEMBER 4, 2020

once we get out to 2022, but we are expecting mortgage rates over the next three years to be far less than they’ve been in the last decade.”. There are a little over 20 million home mortgages outstanding, with a contract interest rate of 4% or higher still in the United States,” he said. per year during the prior decade.

Mortgage 512

Mortgage Contracts Construction Inventory 512

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. Today I’m going to look at the trend in the first six months of 2022 and compare that to the two prior years. 5 Real Estate Stats To Keep An Eye On. Conclusion.

Real Estate 52

Real Estate Marketing Inventory Sellers 52

Housing Wire

APRIL 26, 2023

The MBA data shows the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) at 6.55% last week, compared to 6.43% the previous week. Altos Research data shows that inventory rose from 405,468 to 414,010 from April 14 to 21. The bottom for 2022 was 240,194.

Mortgage 397

Mortgage Loan Officers New Listings Government 397

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. A few caveats; everything real estate is hyper local. And with that….

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

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

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.

Marketing 409

Marketing Lending Inventory Mortgage 409

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Home prices will be influenced by how much inventory is brought to market. from 2022 to 2023, to 1.47 Nevertheless, inventory shortages and living alternatives are likely to keep a lid on existing home sales this year. next year, to $395,000. “It

Construction 366

Construction Inventory Realtors Housing Market 366

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 367

Inventory Contracts Buyers Sellers 367

Hank Miller Team

OCTOBER 6, 2022

Attention media Please stop; the greater Atlanta housing market was just fine in the 3rd Qtr of 2022. Stop the insentient blathering about impending real estate Armageddon, the data is not there. The Atlanta housing market in Q3 2022 did not melt down. Atlanta Housing Market in Q3 2022 Let’s have a look at factual data.

Supply Chain 52

Supply Chain Contracts Housing Market Inventory 52

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. in Austin and inventory rose from 0.6 months to 2.7 months of supply.

Real Estate 28

Real Estate Marketing Sellers Home Value 28

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 performance in the first quarter 2022 includes a $845 million fair value increase on the MSR portfolio. The main contribution came from the servicing portfolio.

Retail 341

Retail Investing Real Estate Mortgage 341

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

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Anywhere Real Estate just settled two of the cases for a total of $83.5

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Buyers Agents Loan Officers Real Estate 396