Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. We have often discussed that the housing market dynamics changed starting Nov.

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Inventory Housing Market Marketing New Listings 458

Housing Wire

APRIL 23, 2023

Can we now say that the housing market ‘s spring selling season is finally underway? Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. In 2022, home sales collapsed in a waterfall fashion. Since Nov.

Inventory 545

Inventory Housing Market Marketing New Listings 545

Housing Wire

SEPTEMBER 27, 2023

After experiencing a temporary hiccup between July 2022 to January 2023, the U.S. housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. housing market has surged by more than $2.6

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Housing Wire

OCTOBER 24, 2023

billion in revenue, which is 12% lower than Q3 2022, but $129 million in net income, an increase of 135% compared to the same time last year. higher than in September 2022. Despite stalling home sales in the third quarter, Anywhere Real Estate managed to deliver “considerable profitability.” million in July, 4.04 million in September.

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Housing Market Marketing Brokerage Real Estate 425

Appraisal Buzz

APRIL 2, 2024

Compare this to 2000-2022, when upgrading to a 25% more expensive home would have required the average homeowner to increase their principal and interest payment by only 40%, or about $400 per month, according to the report.

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Housing Market Marketing Inventory Mortgage 393

Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Traditionally, we do see housing inventory fall in the month of December, however, we clearly saw in the second half of 2022 that higher rates created more days on the market and inventory was lingering longer. 30, 2022-Jan.

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Inventory Housing Market Marketing New Listings 539

Housing Wire

OCTOBER 20, 2023

The last two years of soaring mortgage rates and rising home prices have brought the fastest erosion in housing market affordability in modern history, and it’s hurt first-time homebuyers the most. home, up 15% ($15,285) from a year ago and up more than 50% since the start of the pandemic in early 2022.

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Housing Market Marketing Buyers Modernization 500

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. They increased the Federal Funds Rate from nearly 0% at the start of 2022 to 4.5% in September 2022. They eased below 6.5%

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Housing Market Marketing Inventory Sellers 431

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Let’s dive into the trend lines of the housing market. We are working from a shallow bar in this index – seven years of growth were taken away in one year in 2022.

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Appraisal Buzz

JANUARY 28, 2022

days on the market. The post The Housing Market Soaring to New Heights in 2022 appeared first on theMReport.com. The post The Housing Market Soaring to New Heights in 2022 appeared first on Appraisal Buzz.

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Housing Wire

JANUARY 16, 2023

The weekly data shows some good news for the housing market ! With mortgage rates also falling, I am hopeful that more people will list their homes and buy another, so we can get back to a more functional housing market. One caution is that this data line took a waterfall dive, wiping out seven years of growth in 2022.

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Inventory Housing Market Marketing Mortgage 533

Housing Wire

SEPTEMBER 10, 2023

over the last three months and were 55% below that of August 2022, according to Black Knight ’s August originations market monitor report. Current housing market dynamics continue to put a damper on mortgage demand. Rate lock volume fell 1.5% Overall lock volumes were down 9.5%

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Housing Market Marketing Mortgage 469

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. Also, the volume of active listings was higher in 2022 this week, even though we were working from a lower level. While the labor market is getting less tight, it’s not broken yet.

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Inventory Housing Market Marketing New Listings 520

Housing Wire

MARCH 18, 2022

This level is still within my 2022 forecast sales range between 5.74 million and I am looking for more of the same in 2022, at the 5.74 To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 That was the housing market of 2002-2005, not what we have today.

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Housing Market Marketing Inventory Sellers 542

Housing Wire

MAY 7, 2023

New listing data was trending at all-time lows in 2021 abd 2022 and now it’s creating a new all-time low trend in 2023. Since the second half of 2022, after the big spike in mortgage rates , this data line hasn’t gotten much traction. Mortgage rates in a regular market should be 5.25% today but are at 6.5%.

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Inventory Housing Market Marketing New Listings 491

Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. at the end of 2022.

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Housing Wire

JANUARY 23, 2023

Here’s the housing market rundown for the last week: Purchase application data had a solid week-to-week gain of 25%. Housing inventory decreased by 566 units, which is not a significant decline. Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important.

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Housing Market Marketing Inventory New Listings 508

Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. million sales print on Wednesday is in line with my 2022 forecast sales range between 5.74 million and 6.16 million level. million.

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Housing Market Marketing Inventory Mortgage 491

Sacramento Appraisal Blog

JULY 6, 2022

A quick change in rates has led to a quick change in the housing market. UPCOMING (PUBLIC) SPEAKING GIGS: 7/15/2022 Lunch & Learn Big Market Update (sign up here)) […]. We didn’t see much difference right away in the stats, but we are finally getting some good numbers now. Let me show you what I mean.

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Housing Market Marketing Contracts Buyers 448

Housing Wire

AUGUST 23, 2022

It will get worse for the housing market – and mortgage industry – before it gets better. That’s the takeaway from a group of economists at Fannie Mae who slashed their forecast for 2022 home sales this week. in 2022, a further downward revision from July’s projected drop of 15.6%. trillion in 2021.

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Housing Market Marketing Mortgage Business 485

Sacramento Appraisal Blog

JULY 11, 2022

“The housing market is getting back to normal.” UPCOMING (PUBLIC) SPEAKING GIGS: 7/15/2022 Lunch & Learn Market Update (sign up (for real estate agents)) 7/20/2022 Beer & Stats at Out of Bounds (sign up (for real estate agents)) 7/26/2022 […]. Well, yes and no. Let me explain.

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Housing Wire

MARCH 16, 2024

Here’s the weekly new listing data for last week over several previous years: 2024: 59,542 2023: 41,415 2022: 54,542 For some historical context, new listing data this week in 2010 was 306,020. But as someone who didn’t buy the mortgage rate lockdown premise that inventory can’t grow with higher rates, this year is a good test case.

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Housing Wire

FEBRUARY 13, 2023

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. Weekly housing inventory continues to decline, as we saw a decrease of 13,238 units, double the amount we had this time last year. This means buyers have more say now in the home-buying process.

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Housing Wire

JUNE 11, 2023

It’s not like we are using a high bar for comps; 2022 had the lowest inventory ever recorded, and we still have a good shot of showing some negative year-over-year inventory prints soon. inventory saga: after mortgage rates spiked above 6% in 2022, that jump-started the unhealthy reality of new listing data trending negative year over year.

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Inventory Housing Market Marketing New Listings 511

Housing Wire

MAY 21, 2023

It was a wild ride for the housing market last week! In the second half of 2022, mortgage rates spiked toward 7.37%, and new listings started to trend negative as some people gave up listing their homes with rates so high. New listings data fell, however, active inventory grew.

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Housing Market Marketing Inventory New Listings 499

Housing Wire

OCTOBER 29, 2021

The housing market continues to be hot in most of the country, but there are signs that the party may be coming to an end. How would that affect your predictions for 2022? This is still my most significant concern for 2022 because total inventory levels haven’t reached my 1.52 Could you elaborate on why that is?

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Housing Wire

APRIL 3, 2023

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. Unlike 2021-2022, which were trending similarly year over year, the last few weeks in 2023 have created a noticeable gap, as the chart below shows.

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Inventory Housing Market Marketing New Listings 490

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. According to Redfin’s analysis, Austin, Texas has experienced the most rapidly cooling housing market in the nation over the last year.

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Appraisal Buzz

DECEMBER 10, 2021

As the end of the year approaches, housing market predictions for 2022 abound. Fortune reviews various 2022 housing forecasts, focusing specifically on home price growth. Redfin predicts a more balanced residential market in 2022. Predictions for the top housing markets of 2022 may surprise you.

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Housing Wire

JUNE 25, 2023

So, it shouldn’t be a shock that as soon as housing demand just stabilized, we ran into some negative year-over-year data. In addition, new listing data turned negative year over year after the second half of 2022. The data shows a noticeable decline year over year, and 2021/2022 were already working from all-time lows.

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Inventory Housing Market Marketing New Listings 410

Housing Wire

APRIL 27, 2023

Executives at both Stewart Information Services and First American Financial bemoaned the challenging housing market environment as they discussed their respective firms’ first quarter 2023 earnings with investors Thursday morning. million in Q1 2022. billion, and pre-tax income coming in at $88.2 million compared to $219.5

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Appraisal Buzz

JANUARY 11, 2022

Home price appreciation in suburban areas is expected to continue to outpace metropolitan cities in 2022. The post What Do Experts Expect From 2022’s Housing Market? The post What Do Experts Expect From 2022’s Housing Market? Here’s what else a new report predicts for the months ahead.

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Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. In a regular market, they would be closer to 5.25%.

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Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. We are not taking the unhealthy housing market theme off this marketplace.

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Housing Market Marketing Inventory Realtors 524

Housing Wire

JULY 30, 2023

As the chart below shows, new listing data has been trending below 2021 and 2022 levels for some time now and is trending at the lowest levels ever. 9, 2022 , it’s been 21 positive prints versus 14 negative prints. With the 10-year yield close to 4%, it will be a critical week for the bond market. If we start from Nov.

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Housing Market Marketing Inventory New Listings 367

Housing Wire

DECEMBER 29, 2021

A bullish housing market. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been. The excellent.

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Housing Wire

APRIL 17, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. But, in 2022, as prices in the metro rose to never-before-seen levels, things started to change.

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