Housing Wire

FEBRUARY 15, 2024

Anywhere Real Estat e felt the brunt of slow home sales during the fourth quarter of 2023 as the company reported a loss of $107 million during the three-month period. The company produced these results amid “an incredibly difficult year for the housing market,” Schneider said during an earnings call on Thursday.

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Housing Market Marketing Brokerage Agents 382

Housing Wire

JANUARY 18, 2023

The brutal low origination volume and industry consolidation that occurred for lenders in 2022 isn’t expected to turn around, at least not drastically, in 2023, according to Fitch Ratings. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

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Housing Wire

JULY 9, 2023

This is truly a savagely unhealthy housing market as we have too many people chasing too few homes. As we can see below, there is a big difference between 2023 data for this week versus 2022 data. bond market doesn’t see a job-loss recession happening soon. bond market doesn’t see a job-loss recession happening soon.

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Inventory Housing Market Marketing New Listings 479

Housing Wire

DECEMBER 20, 2022

The housing market will continue to slow down in 2023 , even though mortgage rates have declined recently. That’s the takeaway from a group of economists at Fannie Mae , who slashed their forecast for 2023 this week. . in 2023, a slight improvement from the previous forecast, which predicted a 0.6%

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Housing Market Marketing Contracts Mortgage 362

Housing Wire

MAY 23, 2023

While it’s not as clear how long-lasting the rebound will be, it does still provide some much-needed good news for the spring and summer housing market. in April 2023, according to the National Association of Realtors (NAR). This article is part of our ongoing 2023 Housing Market Forecast series.

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Housing Market Marketing Retail Sellers 426

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. This is why the days on the market are so low historically after 2020.

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Housing Market Marketing Inventory Mortgage 538

Housing Wire

NOVEMBER 22, 2023

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. It’s a savagely unhealthy housing market out there, and these economists unpack what that means for you. Register for the virtual event on Dec.

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Housing Market Marketing Inventory Sellers 481

Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory.

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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. Again, I am a bit mindful here due to Easter.

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Inventory Housing Market Marketing New Listings 545

Housing Wire

APRIL 16, 2023

Purchase application data rose again, with more positive than negative data in 2023. Here’s a quick rundown of the last week: Active inventory fell 5,383 last week, and new listing data is still trending at all-time lows in 2023. The week ahead has tons of housing data This week will be full of housing data.

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Inventory Housing Market Marketing New Listings 537

Housing Wire

SEPTEMBER 27, 2023

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey. Home price gains hit a new high , rising 0.6%

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Housing Market Mortgage Marketing Inventory 408

Inman

FEBRUARY 28, 2024

housing market experienced record-breaking growth in 2023, according to Redfin's latest housing report. trillion in December 2023 — a 5.3 Despite slowing sales, the value of the U.S. The total value of 90 million U.S. homes rose from $45.1 trillion in December 2022 to $47.5 percent annual difference.

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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 Market Marketing Inventory Finance 512

Housing Wire

JULY 2, 2023

We have often discussed that the housing market dynamics changed starting Nov. So the fact that housing demand stabilized and inventory is now negative year over year needs the context that 2022 was a once-in-a-lifetime event. As you can see in the chart below, 2023 inventory growth is very slow compared to 2022.

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Inventory Housing Market Marketing New Listings 454

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 505

Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Does that mean we are heading back to all-time lows in inventory again for 2023? However, the year-over-year data is still critical to keep track of for the housing market. 6, 2023): Fell from 490,809 to 471,349 Same week last year: (Dec.

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Inventory Housing Market Marketing New Listings 539

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. 13, 2023): Rose From 471,349 – 472,688. This is good news for the housing market.

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Inventory Housing Market Marketing Mortgage 532

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. Weekly housing inventory Since new listing data was trending at all-time lows in 2023, some feared we wouldn’t see the typical spring inventory increase.

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Inventory Housing Market Marketing New Listings 518

Sacramento Appraisal Blog

AUGUST 2, 2023

Sellers have been sitting, and it’s been a game-changer for the housing market in 2023. Today I want to share some stats and talk about appraising in today’s market. It’s also made valuations more difficult. Scroll by topic or digest slowly.

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Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Against that backdrop, Zillow identified prime markets for first-time homebuyers , and half of them were nestled in the Midwest.

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Housing Market Marketing Training New Listings 425

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housing market in the second half of 2022? Those trends are likely to continue in 2023.

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Housing Market Marketing Real Estate Agent Real Estate 520

Housing Wire

MAY 21, 2023

It was a wild ride for the housing market last week! And purchase apps had a weekly negative print, continuing the 2023 theme of higher rates impacting the data. Weekly housing inventory They say slow and steady wins the race; well, for housing inventory in 2023, it’s been terribly slow this spring.

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Housing Market Marketing Inventory New Listings 496

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. New listing weekly data over the past three years: 2023: 58,432 2022: 76,691 2021: 73,291 New listing data from previous years to give you some historical perspective. The total NAR inventory is still 980,000.

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Inventory Housing Market Marketing New Listings 487

Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. million in 2023. This is also a four-decade low in inventory before COVID-19.

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Inventory Housing Market Marketing New Listings 476

Appraisal Buzz

APRIL 11, 2024

compared with February, but remain approximately 16% lower compared with March 2023. But unlike housing markets of the past, this market isn’t being driven by low mortgage rates or low home prices – the current trickle of sales is coming mainly from people who are facing life events that require them to sell their homes and move.

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Housing Market Marketing Inventory Sellers 195

Housing Wire

MARCH 16, 2024

Since November 2023, we have had 10 positive and five negative purchase application prints after making holiday adjustments. 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.

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Housing Market Inventory New Listings Marketing 479

Real Estate News

NOVEMBER 30, 2023

A year ago, many economists forecast that rates would fall within the 5-6% range by the end of 2023, but the economy didn’t behave as expected.

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Housing Market Marketing Mortgage 301

Housing Wire

FEBRUARY 13, 2023

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. The start of 2023 has been good, considering mortgage rates have stayed above 6% most of the time. However, we are working from a higher level in 2023.

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Inventory Housing Market Mortgage Marketing 504

Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. In 2023, 4.09 Prospective homebuyers have been shut out of the market by a lack of inventory. million existing homes were sold, the fewest since 1995.

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Inventory Realtors Housing Market Construction 436

Housing Wire

JUNE 11, 2023

Weekly housing inventory We have two big housing inventory themes in 2023 that must be discussed. Still, at least we have had some of the traditional seasonal inventory growth in 2023, giving us more inventory than last year. but it needs weakness in demand and days on market to grow so inventory can accumulate.

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Inventory Housing Market Marketing New Listings 509

Housing Wire

JULY 5, 2023

Catch inspirational leaders on stage, discussing the business tactics you need to win the current market. Add sessions like, “More Data, Less Vibes,” and “Strategy and Operation Tactics From the Top,” to your schedule.

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Development Housing Market Marketing Mortgage 347

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. Purchase applications data rose for the fourth straight week, which continues the streak of 2023, having more positive weekly data than negative.

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Inventory Housing Market Marketing New Listings 486

Housing Wire

JANUARY 30, 2024

housing market has reached its least affordable point in decades and housing agencies have increasingly rolled out homebuyer assistance programs to tackle this issue. A total of 135 new homebuyer assistance programs were introduced in 2023, a 6% increase over the previous year.

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Housing Wire

AUGUST 23, 2022

It will get worse for the housing market – and mortgage industry – before it gets better. The mortgage market is projected to slip even further in 2023, dropping to $2.29 A brutal housing market has already tested the business models of mortgage lenders, and it will be a while before conditions improve.

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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. To conduct this analysis, Redfin compared median monthly mortgage payments for homebuyers in August 2023 and August 2022.

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Housing Wire

JANUARY 22, 2024

Seniors largely want to remain in their own homes as they get older, and that preference could be remaking the housing market in the city of Chicago, according to a new report. of Chicago homes amid a housing shortage,” the company said in an email about the report according to the Sun-Times. Boomers own 35.6%

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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. The mortgage market is projected to slip further to $2.17 trillion in 2022.

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