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 400

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.

Inventory 359

Inventory Realtors Buyers Housing Market 359

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

Inventory 321

Inventory Marketing Business Buyers 321

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%

Inventory 359

Inventory Contracts Housing Market Realtors 359

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.

Inventory 392

Inventory Realtors Housing Market Mortgage 392

Housing Wire

APRIL 14, 2023

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. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

Realtors 411

Realtors Buyers Inventory Sellers 411

Housing Wire

FEBRUARY 20, 2024

million homeowners added between 2012 and 2022. According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% and 51.1%, respectively. The overall U.S.

Buyers 385

Buyers Inventory Realtors Mortgage 385

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

Inventory 508

Inventory Housing Market Marketing Realtors 508

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). He also expects more sellers to enter the market, as they adapt to prolonged higher rates.

Real Estate 454

Real Estate Inventory Sellers Realtors 454

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. offers, according NAR’s REALTORS® Confidence Index.

Buyers 467

Buyers Realtors Inventory Sellers 467

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.

Buyers 290

Buyers Inventory Realtors Housing Market 290

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 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 NAR Research : Unsold inventory sits at a 1.7-month

Housing Market 541

Housing Market Marketing Inventory Sellers 541

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. I hadn’t developed a network for mortgage lending with Realtors,” Woodward said about his work at Interfirst in Indiana. of UWM’s mix in 2021, and company executives expect that number to grow in 2022 as rates climb.

Mortgage 521

Mortgage Marketing Retail Lending 521

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.

Agents 150

Agents Realtors Inventory Marketing 150

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.

Agents 382

Agents Realtors Inventory Housing Market 382

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 392

Inventory Realtors Contracts Construction 392

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.

Inventory 401

Inventory Housing Market Realtors Marketing 401

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

Mortgage 415

Mortgage Inventory Housing Market Realtors 415

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

Housing Market 482

Housing Market Marketing Inventory Mortgage 482

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 444

Inventory Housing Market Contracts Realtors 444

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.

Inventory 344

Inventory Housing Market Contracts Government 344

Inman

JULY 12, 2023

Despite inventory hitting a 23-year low, the average Realtor ended last year on a solid note, according to the National Association of Realtors’ latest Member Profile survey, released Tuesday.

Real Estate Agent 118

Real Estate Agent Real Estate Realtors Agents 118

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.

Real Estate Agent 354

Real Estate Agent Real Estate Agents Sellers 354

Eyes on Housing

JANUARY 20, 2023

As elevated mortgage rates and tight inventory continue to weaken housing demand, the volume of existing home sales declined for an eleventh consecutive month as of December, according to the National Association of Realtors (NAR). This is the longest run of declines since 1999.

Inventory 153

Inventory Realtors Mortgage 153

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.

Inventory 195

Inventory Marketing Realtors Appraisal 195

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. The average of expectations from Fannie Mae , Redfin , the National Association of Realtors (NAR), the Mortgage Bankers Association (MBA) and Wells Fargo were: Q1: 7.28% Q2: 6.9%

Inventory 461

Inventory Construction Mortgage Buyers 461

Housing Wire

MARCH 21, 2023

million homes, according to a report from the National Association of Realtors (NAR) released Tuesday. 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. Inventory levels are still at historic lows,” Yun added. million) at 13.5%

Inventory 349

Inventory Realtors Real Estate Housing Market 349

Housing Wire

SEPTEMBER 22, 2022

trillion in 2022. In August, the national inventory of unsold existing homes was at 3.3-month at the start of the year, according to the National Association of Realtors. The agency’s Economic and Strategic Research (ESR) Group forecasts the total home sales to decline 17.2% trillion in 2023, according to Fannie Mae.

Housing Market 403

Housing Market Supply Chain Marketing Inventory 403

Housing Wire

JANUARY 12, 2022

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020. million and 6.16

Inventory 536

Inventory Mortgage Housing Market Marketing 536

Housing Wire

AUGUST 28, 2023

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. Fee pressure was followed by appraisal management company (AMC) requests for revisions (28%) and technology fees (26%), a category that was not included in 2022 survey responses.

Appraisal 363

Appraisal Logistics Valuation Appraisal Process 363

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 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 442

Inventory Housing Market New Listings Mortgage 442

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. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers.

Housing Market 406

Housing Market Realtors Buyers Inventory 406

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. We feel like we picked up more market share in 2022,” Kechian said. in the fourth quarter of 2022. So more realtors in the area have started working with us.

Marketing 350

Marketing Inventory Loan Officers Buyers 350

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.

Inventory 344

Inventory Buyers Housing Market Contracts 344

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 367

Inventory Housing Market Contracts Realtors 367

Housing Wire

MARCH 8, 2024

The national unemployment rate ticked up for the first time in four months to 3.9%, its highest level since January 2022, but still below the full employment rate of 4%. February’s reading exceeded the average monthly gain of 230,000 over the prior 12 months. The number of unemployed Americans also rose to 6.5

Transportation 417

Transportation Retail Housing Market Construction 417

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 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. Inventory is always seasonal. Today inventory levels are at 1.02

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Housing Market Marketing Inventory Realtors 517