Housing Wire

APRIL 30, 2024

It was the largest annualized increase recorded since November 2022. in February, the fastest annual rate since November 2022. For-sale inventory increased 14.8% Meanwhile, the National Association of Realtors reported that existing home sales increased by 9.5% National Home Price Index posted a 6.4% the previous month.

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Inventory Realtors Buyers Marketing 471

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022.

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Housing Market Marketing Inventory Mortgage 538

Housing Wire

DECEMBER 20, 2023

While sales are still tracking below last year’s levels, the gap between 2022 and 2023 has narrowed considerably. million, according to the National Association of Realtors. Compared to November 2022, existing home sales retreated 7.3%, down from 4.12 Housing inventory fell 1.7% Meanwhile, unsold inventory sat at a 3.5-month

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Inventory Housing Market Realtors Buyers 424

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 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 and 6.16

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Housing Market Marketing Inventory Mortgage 483

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Then, the mortgage industry showed why it is called a cyclical business: in the second half of 2021, the Federal Reserve signaled an increase in interest rates and an easing of the purchase of mortgage-backed securities, choking the refi market.

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Mortgage Marketing Retail Lending 519

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. Supply being near all-time lows is one thing, but existing home sales aren’t crashing like they did in 2022. All four U.S.

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Inventory Housing Market New Listings Buyers 483

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. Inventory is always seasonal. Today inventory levels are at 1.02 How are home prices up 14.8% year over year?

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Housing Market Marketing Inventory Realtors 521

Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 Multiple offers, however, are still occurring, especially on starter and mid-priced homes, even as price concessions are happening in the upper end of the market.” months in October 2022.

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Inventory Realtors New Listings Contracts 404

Housing Wire

SEPTEMBER 22, 2022

Economists at Fannie Mae say the Federal Reserve ‘s fiscal policy is having its desired effect on the housing market – home price growth began to slow in the summer, and the GSE says the housing slowdown will continue through 2023. trillion in 2022. The mortgage market is projected to slip further to $2.17

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Housing Wire

OCTOBER 26, 2023

in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” Compared to 2022, NAR expects the sale of new homes to grow by 4.5%

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Inventory Contracts Housing Market Realtors 404

Housing Wire

FEBRUARY 7, 2024

After closing out 2023 with its first annual membership decline since 2012, the National Association of Realtors is still struggling with its membership count. January marked the third consecutive month of membership declines for NAR and the month’s Realtor count marks the lowest level since May 2021. This is down 2.1% Washington, D.C.

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Realtors Agents Brokerage Inventory 414

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. One such measure is who is entering the market.

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Realtors Buyers Inventory Sellers 424

Housing Wire

NOVEMBER 8, 2023

“The largest, undisrupted market in the U.S.,” Shrinking share, continuing losses The leading iBuyers have accounted for more than 1% of existing sales in only one year: when Zillow was clearing its books of the ill-fated Zillow Offers’ inventory. ” reads an Opendoor Technology Inc.

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Marketing Inventory Renovations Investors 414

Housing Wire

SEPTEMBER 21, 2023

The housing market continues to cool amid high mortgage rates , affordability challenges and still-low inventory. million, according to a new report from the National Association of Realtors (NAR). Despite a sharp drop in home sales compared to August 2022, the median existing-home sales price rose 3.9% from August 2022.

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Inventory Realtors Housing Market Mortgage 433

Housing Wire

AUGUST 22, 2023

The housing market continues to cool amid high mortgage rates , low inventory and rising property insurance rates. The National Association of Realtors (NAR) suggested a 2.2% compared to July 2022. Median home prices there were roughly unchanged from the same period in 2022. million, according to its latest report.

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Buyers Inventory Realtors Housing Market 370

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. I really think they had about three months last year where it was a buyers market in the fourth quarter. Literally, we’re right back to being a seller’s market again.”

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Marketing Inventory Loan Officers Buyers 370

Housing Wire

OCTOBER 19, 2023

million, according to the National Association of Realtors. Compared to September 2022, existing home sales slumped 15.4%, down from 4.68 million in September 2022. ” On the bright side, home buyers had more homes to choose from in September as housing inventory posted a 2.7% higher than in September 2022.

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Inventory Realtors Buyers Housing Market 404

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). In 2023, new-home sales are up 5% year to date, Yun said.

Real Estate 450

Real Estate Inventory Sellers Realtors 450

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. At the height of the spring market, the typical home had 5.5

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Buyers Realtors Inventory Sellers 471

Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. 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.

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Inventory Housing Market Marketing Realtors 506

Housing Wire

MAY 5, 2022

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Demographics still point towards a market with strong demand – the largest cohort of millennials, the largest generation in U.S. Exacerbating things further, inflation at 8.5%

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Housing Market Marketing Inventory Buyers 370

Appraisal Buzz

OCTOBER 3, 2022

I started thinking about this when I saw the news coming from the National Association of Realtors about how far the current real estate market is out of balance. According to their public website, in June 2022, the supply of existing homes for sale would last 3 months. Why inventory levels matter to appraisers.

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Appraisal Marketing Real Estate Inventory 370

Appraisal Buzz

FEBRUARY 21, 2022

Inventory of homes for sale dropped to historically low rates in the beginning of 2022 while home prices continue to rise across New York State, according to the housing report released by the New York State Association of REALTORS. Inventory of homes for sale fell 30.3% This marks the lowest housing inventory since 2007.

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Inventory Marketing Realtors Appraisal 195

Housing Wire

MAY 25, 2023

After falling for the first time since November 2022 in March , pending home sales remained unchanged in April, according to data released Thursday by the National Association of Realtors (NAR). Not all buying interests are being completed due to limited inventory ,” Lawrence Yun , the chief economist of NAR, said in a statement.

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Inventory Housing Market Contracts Government 382

Housing Wire

OCTOBER 26, 2023

Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey. The National Association of Realtors (NAR) also forecasts that existing-home sales will drop by 17.5% in 2023, reaching an annualized rate of 4.15

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Mortgage Inventory Housing Market Realtors 442

Housing Wire

JULY 29, 2021

in June, according to the National Association of Realtors , which tracks the metric. (An The “seesaw” nature of pending home sales could indicate a turning point for the housing market, according to Lawrence Yun, NAR chief economist. in 2022. . million in 2022 from 6 million in 2021. million.). .

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Marketing Buyers Realtors Real Estate 433

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. in September year over year to $394,300, according to the National Association of Realtors. During the first week of June, mortgage rates were at 6.79%.

Inventory 471

Inventory Housing Market Contracts Realtors 471

Housing Wire

NOVEMBER 13, 2023

Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers. The report is an annual survey of homebuyers and sellers who closed transactions between July 2022 and June 2023.

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Real Estate Agent Real Estate Agents Sellers 404

Housing Wire

JANUARY 5, 2024

The National Association of Realtors saw its membership numbers drop 1.11% during the last month of the year, as 17,489 former members let their membership lapse. 31, 2022, and Dec. The first is the overall decline in the housing market due to the volatile mortgage rate environment, low inventory and overall economic uncertainty.

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Agents Realtors Inventory Housing Market 441

Real Estate News

JULY 14, 2023

NAR's annual member profile found that Realtors earned more and upped their sales volume despite the market slowdown, but inventory was a major problem.

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Agents Realtors Inventory Marketing 154

Housing Wire

FEBRUARY 28, 2022

On Friday, the National Association of Realtors released its pending home sales data showing a third month of declines. 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. 2022 Pending home sales.

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Inventory Housing Market Realtors Marketing 404

Housing Wire

APRIL 27, 2023

For the first time since November 2022, pending home sales fell in March, posting a 5.2% month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement.

Inventory 424

Inventory Realtors Contracts Construction 424

Housing Wire

MARCH 21, 2023

million homes, according to a report from the National Association of Realtors (NAR) released Tuesday. Overall, 57% of homes sold in February were on the market for less than a month. While the uptick in sales pace is certainly good news for the real estate industry , it is not as great for the continuous issues with low inventory.

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Inventory Realtors Real Estate Housing Market 382

Housing Wire

SEPTEMBER 28, 2023

in August, according to data released Thursday by the National Association of Realtors (NAR). below the August 2022 level. Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It Mirroring the trend for new home sales , pending home sales fell 7.1%

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Housing Market Contracts Government Buyers 471

Housing Wire

MARCH 13, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. New York City, New York In many ways the spring of 2022 marked the full return of New York City and for a real estate agent like Johnson Tsai, a lead agent at REAL, this meant a massive up-tick in rental demand. “We

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Housing Market Marketing Tenants Buyers 370

Housing Wire

MARCH 8, 2024

Though all signs point to a cooling labor market overall, the economy picked up another 275,000 jobs in February. The jobs report on Friday is unlikely to convince the Fed that rate cuts are necessary when the Federal Open Markets Committee meets later this month, economists said. The number of unemployed Americans also rose to 6.5

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Transportation Retail Housing Market Construction 442

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. million, according to a report from the National Association of Realtors (NAR) released Tuesday. Inventory remains low, but buyers are beginning to have better negotiating power,” Yun added. from January 2022.

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Inventory Buyers Housing Market Contracts 370