Housing Wire

APRIL 9, 2024

A report released last week by the National Association of Realtors (NAR) said that Gen X homebuyers have a median income of $126,900, and are still years away from retirement. One analyst said that Gen X buyers are motivated to act now for aging-appropriate housing due to the state of the housing market. “If

Buyers 497

Buyers Construction Realtors Development 497

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). in 2023 and 5.4% year over year in 2023 to a total of 4.47 year over year in 2023 before posting a 19.4%

Housing Market 427

Housing Market Realtors Contracts Buyers 427

Housing Wire

MARCH 8, 2024

In February, employment continued to trend up in construction, adding 23,000 jobs month over month. The jobs report contains two conflicting implications for the housing market, according to Sturtevant. Lower rates this spring could give housing market demand a boost.” Job openings were essentially unchanged at 8.9

Transportation 446

Transportation Retail Housing Market Construction 446

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. After the series wraps, join us on May 30th for the HW+ Virtual 2023 Forecast Event. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

Realtors 427

Realtors Buyers Inventory Sellers 427

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). in 2023 before increasing to 4.1% in 2023, settling at 4.38 Home prices will be influenced by how much inventory is brought to market.

Construction 370

Construction Inventory Realtors Housing Market 370

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. The year 2023 is going to be a little bit different. Connie Kim: Then who are your main referral partners – Realtors?

Business 406

Business Loan Officers Clients Inventory 406

Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). Limited housing supply is simply not meeting demand nationally.” Looking ahead to the second half of 2023 and beyond, NAR said it expects that the economy will continue adding jobs , but at a slower pace.

Inventory 427

Inventory Realtors Contracts Construction 427

Housing Wire

APRIL 1, 2024

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. Based on 2023 numbers, that will give us 94% coverage of all purchase transactions that have happened in the country.

Loan Officers 414

Loan Officers Clients Mortgage Construction 414

Housing Wire

MAY 14, 2024

In February 2023, FHA Commissioner Gordon announced a 30-basis point cut in FHA annual premiums. While we took some heat from raising this issue at that time, the proposed realtor settlement could mean that this now becomes a reality on the ground.

Sellers 342

Sellers Realty Insurance Realtors 342

Housing Wire

MAY 10, 2023

Lawrence Yun , the National Association of Realtors ’ chief economist, took a stronger stance during the “Residential Economic Issues and Trends Forum” at NAR’s ongoing Legislative Meeting. According to Yun, the Fed’s rate hikes have hurt regional banks and the housing market. in 2023 before dropping below 6.0%

Housing Market 383

Housing Market Insurance Realtors Buyers 383

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. Home starts forecasts, meanwhile, don’t offer much certainty about the pace of construction next year. million to 5.07 million to 5.07

Inventory 462

Inventory Construction Mortgage Buyers 462

Housing Wire

MAY 25, 2022

While some buyers still enjoy finding their new construction home the old-fashioned way —spending a Saturday driving through neighborhoods — the National Association of Realtors (NAR) reports that 97% of homebuyers, regardless of age, use the internet in their home search.

Construction 454

Construction Real Estate Buyers Sellers 454

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Goldman Sachs predicts a 75 bps hike at the November meeting followed by a 50 bps raise in December and a 25 bps increase in January 2023. Mortgage rates have nearly doubled to around 6.5%

Mortgage 417

Mortgage Loan Officers Buyers Inventory 417

Housing Wire

NOVEMBER 19, 2020

Now, these highly favorable mortgage rates are continuing to bring fresh buyers to the market, said National Association of Realtors chief economist, Lawrence Yun. October’s housing starts data from the Census Bureau revealed construction is attempting to keep up with that heightened demand as starts rose 4.9%

Mortgage 546

Mortgage Construction Valuation Buyers 546

Housing Wire

SEPTEMBER 13, 2023

Additionally, apartment construction is strong , which puts an additional pressure on landlords to avoid vacancy. In the second quarter of 2023, the national vacancy rate was 6.3%, up from 5.6% Meanwhile, rent growth slowed considerably and median rents nationally fell year-over-year in August, according to Sturtevant. a year earlier.

Landlords 394

Landlords Insurance Construction Realtors 394

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

JULY 6, 2023

Fannie Mae recently projected originations for 2023 at $1.59 New-home sales are up 20% year over year as of May 2023 while sales of existing homes are down by the same level, resulting in new-home sales accounting for some 30% of total housing inventory. “As million more housing units to meet existing demand. “The

Inventory 462

Inventory Renovations Real Estate Government 462

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We In mid-June 2023, the statewide 90-day average Altos Market Action Index score hit a high for year of 53.99, before sliding down to a trough of 40.03

Housing Market 437

Housing Market Marketing Inventory Construction 437

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. I go into real estate offices and Realtors have zero listings for the week,” said the LO, who requested anonymity to protect the business of her partners. “I And it’s going to get worse.

Mortgage 383

Mortgage Loan Officers Inventory Retail 383

Housing Wire

NOVEMBER 2, 2022

“Even with the Federal Reserve raising its short-term fed funds rate by another large amount, longer-term interest rates look to move only slightly,” Lawrence Yun, chief economist at National Association of Realtors , said. Roger Ferguson , former vice chairman of the board of governors of the U.S. Tables have turned for some sellers.

Mortgage 407

Mortgage Sellers Contracts Buyers 407

Housing Wire

MAY 3, 2024

We have so much new construction happening. Andrea Bushnell, the CEO of North Carolina Realtors , said this issue is not just confined to the Charlotte area. “I According to United Van Lines ’ 2023 National Movers Study , North Carolina was the No. metros with the highest net in-migration in 2023. “We being outbound.

Inventory 377

Inventory Housing Market Marketing Real Estate 377

Housing Wire

FEBRUARY 13, 2024

Between July 1, 2022, and July 1, 2023, Alabama’s population grew by 34,000 people, according to estimates published by the U.S. Additionally, the 2023 National Movers Study conducted by United Van Lines ranked Alabama No. New construction is backed up,” she said. Clearly, Piccinini isn’t the only one who thinks so.

Construction 406

Construction Supply Chain Inventory Agents 406

Housing Wire

NOVEMBER 10, 2022

David Meyer is thankful that his business is still plugging along during the wildest housing market in decades. With mortgage rates hovering around 7% and home prices still at record highs, buyers across America are calling off the house hunt and finding multifamily apartments. . Department of Housing and Urban Development.

Construction 454

Construction Supply Chain Buyers Development 454

Empire Appraisal Group

AUGUST 3, 2023

Hurricanes present unique housing market events. Their immediate impact on the local real estate market is harsh, but investors often rush in and the number of real estate transactions bounces back and often increases. That means the sales shortfall had shrunk from 723 to 185 by early May 2023. Bokhari says.

Real Estate 78

Real Estate New Listings Real Estate Agent Insurance 78

Housing Wire

APRIL 28, 2022

For the fifth consecutive month, pending home sales declined in March from February, down 1.2%, signaling a potential return to “much calmer” conditions, according to the National Association of Realtors. by 2023, Yun said. “As Yun forecasts the 30-year fixed mortgage rate will reach 5.3% The average mortgage rate should jump to 5.4%

Housing Market 329

Housing Market Marketing Contracts Mortgage 329

Housing Wire

MARCH 6, 2024

The Beige Book is published two weeks before each meeting of the policy-setting Federal Open Market Committee. The benchmark rate was last changed in July 2023, when it was raised to a range of 5.25% to 5.5%. Boston: Residential Realtors expressed growing optimism as both property listings and pending home sales increased.

Mortgage 415

Mortgage Real Estate Inventory Construction 415

Housing Wire

APRIL 18, 2024

million in February, according to a report released Thursday by the National Association of Realtors (NAR). At the end of March, total housing inventory sat at 1.11 months in March 2023. As of April 12, there were 526,000 active single-family listings on the market, up 2.6% Existing home sales receded by 4.3%

Inventory 413

Inventory Real Estate Agent Sellers Buyers 413

Housing Wire

DECEMBER 29, 2023

In some ways, 2023 was the year of the homebuilder. And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. The business appears durable, too. . million and 7.3

Construction 446

Construction Supply Chain Inventory Housing Market 446

Housing Wire

JULY 20, 2023

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). The good news is that the housing recession that was predicted by some economists has not materialized, noted Lisa Sturtevant, chief economist for Bright MLS.

Inventory 359

Inventory Buyers Construction Realtors 359

Housing Wire

AUGUST 24, 2023

In its July ESR note , Fannie Mae projected a modest recession beginning in Q4 2023 or Q1 2024. The group upgraded its 2023 real GDP growth outlook to 1.9% million in July 2022, according to the National Association of Realtors. “If Single-family housing starts jumped in July by 6.7% decline from 0.1% down from 4.88

Construction 284

Construction Retail Mortgage Contracts 284

Housing Wire

JULY 25, 2023

home prices continued in May 2023,” Craig Lazzara, managing director at S&P DJI. “ While slightly lower rates motivated eager buyers to enter the housing market, dwindling home supply meant that this demand kept upward pressure on prices, Jones noted. Compared to May 2022, the home price index posted a -0.5% Rates were 6.8%

Inventory 356

Inventory Construction Buyers Mortgage 356

Appraisal Today

AUGUST 18, 2023

As you may have heard, a cyberattack has shut down Rapattoni, a property data provider, leaving realtors and appraisers in 12 states without access to MLS data. If you are a paid subscriber and did not get the August 2023 issue emailed on Tuesday, August 2, please email info@appraisaltoday.com , and we will send it to you!!

Appraisal 75

Appraisal Contracts Inspection Real Estate 75

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. Whenever the days on the market fall to a teenager level, nothing good happens in housing.

Housing Market 467

Housing Market Inventory Contracts Marketing 467

Housing Wire

SEPTEMBER 14, 2023

Over one-third (34%) of prospective buyers have yet to purchase a home because there are not enough homes for sale in their budget, according to a new survey from the National Association of Realtors. The Realtor survey was sent out in late July to 55,751 randomly-selected residential Realtors.

Buyers 437

Buyers Inventory Realtors Finance 437

Listing Spark

SEPTEMBER 25, 2023

The 5 most notable changes to the Texas Housing Market To really understand how these rising rates have changed things, we need to look at the big shifts in the housing market. Here are five of the biggest change in the Texas Real Estate market. At least, not yet.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

McKissock

APRIL 25, 2023

Uncover this month’s economic trends and insights—written from an appraiser’s standpoint—in the following economic recap for April 2023. Economic recap April 2023 While the first quarter of 2023 began with stronger economic signals than anticipated, the pace of economic activity had slowed considerably by the end of the first quarter.

Real Estate 86

Real Estate Appraisal Contracts Construction 86

Will Springer Realtor

DECEMBER 13, 2022

By all measures, our region (and the rest of the country for that matter) experienced one of the worst six months (June-November) any housing market has seen in at least a decade. Yes, the great housing market reset is in full swing. early in 2023 and drop to 7.1% with a 5% down payment – dropped by 16.5M

Real Estate 36

Real Estate Buyers Construction Sellers 36