Housing Wire

NOVEMBER 13, 2023

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. 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. Meanwhile, in September, one-third of U.S.

Real Estate Agent 361

Real Estate Agent Real Estate Agents Sellers 361

Housing Wire

MARCH 2, 2023

Nationwide, pre-pandemic the first week of February typically marks the lowest point for housing inventory during the year, as sellers return to the market in time for spring, but since the onset of the pandemic this predictable trend has been thrown out the window. “ What happened to ‘normal’?

Real Estate Agent 373

Real Estate Agent Inventory Real Estate Agents 373

Housing Wire

SEPTEMBER 16, 2023

What’s going on with housing inventory ? In reality, the volatility in housing inventory is due to the Labor Day holiday, the start of school and the fact that new listings are trending at the lowest levels ever. According to Altos Research : Weekly inventory change : (Sept.

Inventory 465

Inventory New Listings Housing Market Mortgage 465

Housing Wire

FEBRUARY 21, 2024

With market uncertainty, real estate agents had been sticking with their current brokerage., While inventory is still low, professionals are seeing light at the end of the tunnel. As confidence in the 2024 housing market grows, so does agent’s confidence in their ability to make a move to a new broker.

Real Estate Agent 401

Real Estate Agent Real Estate Brokerage Agents 401

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.

Housing Market 477

Housing Market Marketing Inventory Sellers 477

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.

Housing Market 364

Housing Market Marketing Inventory Buyers 364

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

Housing Market 504

Housing Market Marketing Inventory Construction 504

Housing Wire

MARCH 12, 2024

Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% in 2023, with a net gain of 377,000 Hispanic owner households from the previous year. In 2023 alone, Latinos saw a net gain of 450,000 new households and were responsible for 25.5% In total, more than 9.5 of overall U.S.

Real Estate Agent 443

Real Estate Agent Real Estate Buyers Realty 443

Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. Fannie Mae recently projected originations for 2023 at $1.59 That compares to a record $4.4

Inventory 452

Inventory Renovations Real Estate Government 452

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. Compared to a month ago, housing inventory was down 11.5%

Inventory 422

Inventory Realtors Housing Market Construction 422

Housing Wire

FEBRUARY 7, 2024

It’s no secret that 2023 was a difficult year to buy a home. With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. New data from the U.S.

Inventory 393

Inventory Sellers Mortgage Marketing 393

Housing Wire

MARCH 22, 2024

In real estate brokerage, growth is the name of the game and for 2024 (based on 2023 data), The Real Brokerage and The Agency are winning that game. The 2023 housing market was a period of uncertainty with low inventory and industry challenges.

Brokerage 442

Brokerage Real Estate Agents Realty 442

Housing Wire

APRIL 17, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. Hartford, Connecticut It has been quite a while since the Nutmeg State’s capital city has had a happening housing market.

Housing Market 355

Housing Market Marketing Inventory Buyers 355

Housing Wire

SEPTEMBER 10, 2023

Last week we saw a noticeable decline in new listings and active inventory was barely positive. Does this mean housing inventory has begun its seasonal decline? That said, I hope we extend inventory growth longer before the seasonal decline. 8) : Inventory rose from 508,813 to 509,156 Same week last year (Sept.

Inventory 462

Inventory New Listings Retail Mortgage 462

Housing Wire

AUGUST 20, 2023

Last week, mortgage rates hit a 21st-century high, the 10-year yield closed slightly higher than my peak forecast for 2023 , and housing inventory growth was still slow. Weekly housing inventory Mortgage rates have been near or above 7% for the last few months, and active listings growth has been slow during this tenure.

Inventory 368

Inventory Mortgage New Listings Sellers 368

Housing Wire

JULY 5, 2023

Gerli cites data from a company called AllTheRooms to make the case that the Airbnb /short-term rental market is “crashing” and it will have a big impact on inventory. A nearly 50% drop in revenue in some markets! If you look at overall occupancies for 2023, the industry is going to run 57%. You’ve probably seen it.

Inventory 391

Inventory Housing Market Marketing Sellers 391

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.

Housing Market 492

Housing Market Marketing Buyers Modernization 492

Housing Wire

MAY 7, 2024

Despite mentioning that a reverse mortgage can be used for the purchase of a new home, much of this article seems designed to introduce real estate agents to the concept of the H4P product. Boomers are said to be one reason inventory has been in short supply and the housing market has been frozen.”

Mortgage 425

Mortgage Real Estate Agent Inventory Housing Market 425

Housing Wire

NOVEMBER 11, 2022

In fact, we may see a further uptick in home prices in 2023, even if mortgage rates stay at or near 7%, Yun said. Yun, who analyzed the current state of the residential market, offered his 2023 market outlook on Friday at the NAR conference in Orlando. In turn, purchase inventory levels have stayed low in most markets.

Inventory 488

Inventory Housing Market Realtors Mortgage 488

Housing Wire

MAY 15, 2024

housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. million by October of 2023 (when rates crossed over 8%). million fewer home sales between March 2022 and December 2023.

Mortgage 372

Mortgage New Listings Inventory Sellers 372

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.

Housing Market 402

Housing Market Supply Chain Marketing Inventory 402

Inman

SEPTEMBER 13, 2023

Windermere Real Estate Chief Economist Matthew Gardner revealed to Intel why an inventory surge in the fall of 2022 may have been a blip — and what that might mean for the housing market.

Housing Market 185

Housing Market Marketing Inventory Real Estate 185

Housing Wire

SEPTEMBER 26, 2023

“Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said. The median sales price of a new house sold in August 2023 was $430,300, while the average sales price was $514,000.

Inventory 479

Inventory Buyers Construction Sellers 479

Sacramento Appraisal Blog

MARCH 9, 2023

The housing market has been waking up in 2023, and we’re starting to see an uptick in lots of different stats. It’s a bump. Do you feel it? Let’s talk about it. This post is designed to skim quickly or digest slowly.

Housing Market 248

Housing Market Marketing Design Real Estate 248

Housing Wire

SEPTEMBER 26, 2023

home prices continued to rally in July 2023,” Craig Lazzara, managing director at S&P DJI , said. Our 10- and 20-City Composites each also rose in July 2023, and likewise stand slightly above their July 2022 levels.” National Index posted an increase of 0.6%, while the 10-City posted a 0.8% increase and 20-City Composite a 0.9%

Inventory 437

Inventory Housing Market Lending Buyers 437

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

Housing Market 347

Housing Market Marketing Tenants Buyers 347

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. 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.

Buyers 466

Buyers Realtors Inventory Sellers 466

Housing Wire

MARCH 27, 2024

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few. Listings jumped at both the state and city levels in 2021 and 2022.

Brokerage 392

Brokerage Realty Real Estate Inventory 392

Housing Wire

MARCH 31, 2023

In its third year, the 2023 HW Finance Leaders award celebrates the outstanding achievements of the top finance executives in the real estate and mortgage space. As the housing market continues to face volatility, the role of CFO has become increasingly critical. Congratulations to the 2023 HW Finance Leaders.

Finance 325

Finance Realty Property Management Real Estate 325

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 8, 2023

High mortgage rates, a lack of inventory and elevated home prices have turned 2023 into the least affordable year for homebuyers on record. For an American earning $78,642, the country’s median income in 2023, the purchase of a median-priced home of $408,806 meant spending 41.4% in 2022. “A During the four weeks ending Nov.

Inventory 362

Inventory Buyers Mortgage Marketing 362

Housing Wire

SEPTEMBER 19, 2023

Title premium volume continued to trend downward during the second quarter of 2023 as high mortgage rates and low housing inventory continued to plague the real estate industry. billion from a year ago, according to the American Land Title Association’s Market Share Analysis , released Monday. in Q2 2023.

Insurance 341

Insurance Real Estate Marketing Inventory 341

Housing Wire

JULY 6, 2023

High rates combined with low inventory continue to price many potential homebuyers out of the market, added Khater. Markets are still digesting the Federal Reserve’s most recent FOMC meeting, during which Federal Reserve Chair Jerome Powell hinted at additional rate hikes before the end of the year. or even a little higher. .

Mortgage 378

Mortgage Construction Inventory Investors 378

Housing Wire

FEBRUARY 21, 2024

In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. Bureau of Labor Statistics , there were 343,000 mortgage employees as of May 2023. In 2023, the survey found that 58.6% of employees at commercial real estate companies were men, while 41.4%

Housing Market 319

Housing Market Mortgage Marketing Real Estate 319

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

Housing Market 363

Housing Market Renovations Marketing Retail 363

Housing Wire

APRIL 25, 2023

This article is part of our ongoing 2023 Housing Market Forecast series. After this series wraps, join us on May 30 for the next Housing Market Update Event. Inventory was so tight that homes often went to buyers with large down payments or even all-cash offers. In March 2023, it was just 2.2

Inventory 354

Inventory Housing Market Marketing Mortgage 354

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. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% All four U.S.

Inventory 477

Inventory Housing Market New Listings Buyers 477