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 Wire

APRIL 26, 2024

In Texas and Florida , however, key market signals show diverging trends. Major markets such as Tampa, Orlando and Dallas also posted supply growth of 20% to 30% during this period. Listings in Cape Coral were spending a median of 31 days on the market longer than in March 2023 — the largest increase in the nation, Redfin reported.

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Housing Market Marketing Insurance Sellers 372

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. The weekly active listing data had a rare week-to-week decline.

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Inventory Housing Market Marketing New Listings 478

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 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 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, 2024

Nominations for HousingWire’s 2024 Marketing Leaders award are open now through April 30th, 2024. The HousingWire Marketing Leaders award recognizes outstanding professionals who have demonstrated excellence in marketing within mortgage and real estate. Click here to nominate someone.

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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. months shows how far we are from 2008 housing economics.

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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). That mild correction has played out, with an emphasis on mild.

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Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. 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

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 414

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. Mortgage rates didn’t move too much last week but ended the week on a higher note at 6.50%.

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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 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 519

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 458

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 536

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. didn’t go into recession until 2008.

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Inventory Housing Market Marketing New Listings 491

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 508

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). in events to garner business. were from the Northeast 16.3%

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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 533

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. million in 2023. million is the norm, as you can see below.

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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 497

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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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

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 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 504

Housing Wire

MARCH 16, 2024

I can’t see the 10-year yield below 3.37% unless the labor market breaks — meaning jobless claims over 323,000 on the four-week moving average. That means I can’t see mortgage rates going below 6%, especially with the spreads being bad, until the labor market or the economy gets weaker.

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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

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

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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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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 488

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

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. For agents and sellers looking to succeed in Austin’s current market, Redding says pricing is key. “We

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Housing Wire

APRIL 27, 2023

Executives at both Stewart Information Services and First American Financial bemoaned the challenging housing market environment as they discussed their respective firms’ first quarter 2023 earnings with investors Thursday morning. The purchase market appears to have stabilized,” he said. “In million in Q1 2022.

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Sacramento Appraisal Blog

NOVEMBER 21, 2023

It’s time to run toward the housing market. UPCOMING (PUBLIC) SPEAKING […] The post Run toward the housing market in 2024 first appeared on Sacramento Appraisal Blog. Today, I have some quick thoughts of encouragement for the real estate community as we look to 2024. And I have some cool stats too.

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Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. In a typical marketplace, the days on market are more than 30 days.

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Housing Wire

JULY 5, 2023

From listening to executives at the biggest companies in real estate and mortgage to dedicated panels on growing women in leadership and how to build competitive marketing strategies , you can find inspiration on stage in Austin, Texas. Catch inspirational leaders on stage, discussing the business tactics you need to win the current market.

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