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.

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Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. “The largest, undisrupted market in the U.S.,”

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Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

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Housing Wire

JUNE 28, 2022

in the previous month… Nine of the 20 cities reported higher price increases in the year ending April 2022 versus the year ending March 2022. The housing market can’t replicate the type of massive credit expansion we saw from 2002-2005, so the price-growth story has more to do with inventory collapsing to all-time lows.

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Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

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Housing Wire

FEBRUARY 9, 2022

During 2021 and into 2022, the surveys on whether it’s a good time to buy a house have simply collapsed. Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021.

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Housing Wire

FEBRUARY 9, 2022

During 2021 and into 2022, the surveys on whether it’s a good time to buy a house have simply collapsed. Another interesting fact about 2021 was that certain people put a lot of weight on housing being held up by investors or iBuyers, reflecting that buying conditions had deteriorated so much in the survey in 2021.

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Housing Wire

APRIL 22, 2024

We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners. Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce.

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Housing Wire

MAY 3, 2023

I had sought out the agent because she had the best track record in the area, worked with a lot of investors on the buy side, and had a history of closing quickly. Relatedly, discount brokerages have promised big savings to sellers for decades. They were wrong. They’ve never caught on.

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Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. The consensus from mortgage executives and analysts alike is that lenders who did well with purchase mortgages in 2021 – and appear well-positioned to ride out the storm in 2022 – are those who can get closer to the borrower. year-over-year.

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Housing Wire

SEPTEMBER 22, 2022

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. Total Inventory data fell in this report from 1.31 I am a big fan of inventory to 2019 levels. million to 1.28

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Housing Wire

MAY 2, 2024

Volatility in the Treasury market, which trades at a shifting spread below that of mortgage rates, also translates into uncertainty among housing market investors. Market observers say this normally leads to investor hesitancy and a tendency to keep more money parked on the sidelines. That was a problem for sellers of loans.

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Hank Miller Team

MARCH 21, 2022

The 2022 market could not be more different than the 2010-12 market.over 100K homes were on the market during the darkest days. Rising rates, rising rents, diminishing inventory and corporate investors are in the mix. We know what covid did but Atlanta has always been an investor playground and Wall Street is on a buying spree.

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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 affected buyers and sellers. percentage points.

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Housing Wire

FEBRUARY 10, 2023

Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire. Literally, we’re right back to being a seller’s market again.” We feel like we picked up more market share in 2022,” Kechian said. in the fourth quarter of 2022.

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Housing Wire

APRIL 29, 2022

We are looking at this 2022 market like a snow day in January. FHA, VA and USDA aren’t accepted by sellers. Investors and trust funds keep buying the bottom of the market from under the first-time home buyer. Builders do not have inventory — or workers and supplies. Products are limited as is inventory.

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Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5

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Housing Wire

MARCH 16, 2022

” Beyond the initial 25 bps rate hike, the Fed also said it planned to raise rates six additional times in 2022 and three times in 2023, giving more certainty to investors in the secondary market, which should help ease overall volatility somewhat. And that market is largely defined by a dearth of inventory.

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Quicken Loans

DECEMBER 16, 2021

In combination with low housing inventory and labor shortages, that drove up selling prices. Here are a few housing market predictions for 2022 to help you prepare for the market’s future. And this trend will likely continue, and grow, into the year 2022. Home Inventory Will Slowly Rise. Buyer demand continued.

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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. The share of non-primary residence buyers is now at 16% from a high of 22% in January 2022.

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Housing Wire

MARCH 2, 2023

Investors are expecting inflation to remain elevated for longer, requiring the Federal Reserve to keep increasing its policy rate. While prices are down from their summer peaks and price growth has declined significantly, the median home price nationally is slightly higher than it was at the beginning of 2022.

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Robinson Appraisal Group

JULY 17, 2023

The low inventory of available homes combined with high interest rates has made it difficult for potential buyers to find an affordable home in the area. Harford County homes for sale are down 19.2%, Baltimore County inventory is down 30.2% So, why is the inventory amount for houses on the market so low??

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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. So why is this program so rare?

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Housing Wire

AUGUST 22, 2023

“Home sellers are buyers” — this is a phrase that I have been using in my economic work to explain the reality of the housing market recently. So, when home prices and mortgage rates rise so quickly, some sellers won’t list , which means they’re not buying either. million in July 2022). Unsold inventory sits at a 3.3-month

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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. Median home prices continue to rise as a result of high demand and limited inventory. A shocking stat to me was the steep increase in median prices for the month of March from 2017 to 2022.

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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. Increasing inventory - as the market balanced, buyers are under less stress. Investors - Wall Street is always ahead of the curve. Can Sellers Sue? When a buyer terminates, what can a seller do? in Apr '20.

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Housing Wire

APRIL 20, 2023

months’ worth of housing inventory in the U.S. In the chart below, with the red lines drawn, you can see how different the sales crash in 2022 was compared to the last two times rates rose and sales fell. million in March 2022). million in March 2022). Unsold inventory sits at a 2.6-month We only have 2.6

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Housing Wire

APRIL 13, 2022

“We’ve already seen about as much bulk [MSR] activity year to date [in 2022] as we saw all of last year,” said Michael Carnes, managing director of the MSR valuation group for New York-based Mortgage Industry Advisory Corp. The leading MSR sellers over the first three months of 2022 included United Wholesale Mortgage , $25.9

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Hank Miller Team

OCTOBER 19, 2022

Some home sellers take things personal and can be reluctant to acknowledge the changing market; none of that applies to their home. "the seller doesn't need to sell" Doesn't need to sell is one of the stupidest things anyone in real estate will say or hear. They are ahead of sellers in acknowledging the shift.

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Housing Wire

JANUARY 12, 2023

This article is part of our 2022 – 2023 Housing Market Update series. Fueled by the work-from-home exurb mania which joined forces with the newly minted individual and institutional passive investors, outsized demand was created that defied demographics. You have probably heard that low housing inventory got us into this mess.

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Housing Wire

NOVEMBER 30, 2022

“The magnitude and speed of this change has contributed to an unfavorable spread environment that has continued to negatively affect issuance across all sectors of RMBS in [the second half of] 2022.”. We project Q4 2022 to be the lowest RMBS securitization issuance volume in any quarter since 2016, closing at less than $6 billion.

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Housing Wire

AUGUST 7, 2023

As a result, the available inventory of homes for sale is slightly higher each week. With fewer transactions, inventory is building just a bit as we approach the end of the summer. When will inventory peak for the year? Inventory Inventory is still climbing just a bit each week as we approach the end of the season.

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Housing Wire

JANUARY 30, 2024

And they’ve also been huge sellers of servicing over the last three years [often to each other].” He notes that the biggest sellers of MSRs in 2023 were United Wholesale Mortgage (UWM) and Rocket Mortgage. “My The total number of firms [IMBs and banks] after this cycle of right-sizing is probably going to be lower. “I

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Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. How can housing inventory be so low today when it skyrocketed back in 2009? As you can see below, the inventory keeps falling from 2014 levels, and even with the weakness in demand this year, we are nowhere close to 2013 levels, let alone 2018 levels. What is going on here?

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Housing Wire

JUNE 7, 2022

So few single-family homes are for sale in America that just two months of inventory is available across the top 100 metro areas in the country, a historic low. In Dallas, listings under $2 million have less than three months of inventory. Historically, it took these thin markets anywhere from six to 12 months to sell listed inventory.

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Housing Wire

APRIL 25, 2024

Although there is no doubt among local real estate professionals that demand is high in the Cincinnati housing market, agents say the area’s low inventory situation is only adding to the challenge facing consumers. We are going to see an increase in inventory. So, they are just hunkering down.”

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Eppraisal

JANUARY 28, 2022

It is predicted to go from a record-breaking market to a hot market in 2022. Danielle Hale, Realtor.com chief economist states, "We expect a whirlwind 2022 for the housing market. Housing Market Crash in 2022? The United States housing market will continue to struggle with a low inventory of homes available for sale in 2022.

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