Housing Wire

MARCH 23, 2023

Buyers continue to feel the pinch from high mortgage rates and still-elevated home prices. While high interest rates and home prices drove up mortgage payments and application payments, loan officers are seeing bidding wars due to a lack of inventory issues. in 2025. this year from 6.6% in 2024 and 4.4%

Mortgage 357

Mortgage Loan Officers Inventory Buyers 357

Housing Wire

FEBRUARY 9, 2022

One thing is certain: potential buyers of all ages are not happy about the current market conditions. It’s simple: inventory levels were at all-time lows in 2021 and they just got worse in 2022, don’t make it any more complicated than that. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

One thing is certain: potential buyers of all ages are not happy about the current market conditions. It’s simple: inventory levels were at all-time lows in 2021 and they just got worse in 2022, don’t make it any more complicated than that. history: move-up buyers, move-down buyers with a lot of cash, investors and all-cash buyers.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

DECEMBER 22, 2023

Last year, fast-rising rates and related volatility, coupled with liquidity challenges in the bank and nonbank sectors, high home prices and a shortage of housing inventory all worked together to suppress mortgage originations and the secondary market outlets for those loans as well. trillion, down considerably from the $4.4

Mortgage 417

Mortgage Marketing Housing Market Buyers 417

Housing Wire

JUNE 8, 2022

2012: What they said: Shadow inventory will cause prices to fall. The reality: Inventory broke down in 2012, and the monthly supply data got below 6.0 The “shadow inventory” was not an issue as it took years to get rid of the distressed supply from the housing bubble years.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

NOVEMBER 1, 2023

Barton also told listeners that Zillow believes complete disruption to the existence of buyer’s agents is improbable, as the firm believes it is important for buyers to have someone looking after their interests in the homebuyer transaction. However, if buyer’s agency does disappear, Zillow is considering models where the U.S.

Real Estate 440

Real Estate Advertising Agents Realtors 440

Housing Wire

NOVEMBER 10, 2023

That doesn’t take into consideration the number of buyers that had already applied and were sitting on the sidelines. Many homebuyers are aware of the lack of inventory of existing homes for sale, he explained. “I think we were up right around 15% increase in the number of initial mortgage applications.

Mortgage 421

Mortgage Inventory Marketing Retail 421

Housing Wire

DECEMBER 3, 2020

The expected open unit increase was highlighted by several California-based Realtors, who all agreed that demand is higher than available inventory. “I Wildfire-relief funding generated by the law is not expected to be dispersed until 2025, according to the Los Angeles Times.

Property Taxes 328

Property Taxes Realtors Law Inventory 328

Housing Wire

DECEMBER 26, 2023

If you compress the commissions on the buyer side by some amount it would have an effect on the overall commission pot and that would hurt the large publicly traded companies because that would be akin to just having a drawdown in volumes overall, which we’ve seen what that does to margins and profits and it hurts,” Paolone said.

Brokerage 427

Brokerage Mortgage Agents Bracketing 427

Will Springer Realtor

APRIL 9, 2024

That was highlighted by a 30% month-to-month gain in total home sales (single-family, townhome and condos combined) across the county in March and unseasonably low supply for buyers. months (20 days) of available inventory. North King County, including Shoreline and Lake Forest Park, had the smallest inventory as of April 1 – 0.5

Marketing 60

Marketing Inventory Buyers Sellers 60

Will Springer Realtor

FEBRUARY 13, 2024

Total inventory remains low, however, keeping prices higher on an annual basis. The market is now in the process of thawing after a lengthy cool down, as buyers begin anew to seek change in their home dynamics. This indicates there may be higher turnover for homes hitting the market amid a growing number of buyers. 1; that’s 2.8%

New Listings 54

New Listings Buyers Inventory Lending 54

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. Of my initial expectations this year — rising inventory, rising sales rates, rising prices — only rising inventory remains clear at this moment as we finish Q1 with rising interest rates. As we started 2024, the signals in the U.S.

Inventory 408

Inventory New Listings Sellers Contracts 408

Lamacchia Realty

DECEMBER 26, 2023

ANTHONY LAMACCHIA'S 2024 REAL ESTATE MARKET PREDICTIONS Anthony is obsessed with tracking the data and in this article written at the end of 2023 he explains how the market is shaping up based on trends and what Buyers and Sellers can expect in 2024. In typical rate rising cycles, there is a lack of buyers.

Sellers 74

Sellers Real Estate Buyers Inventory 74

Will Springer Realtor

MAY 14, 2024

The favorable boost in supply is the result of fewer buyers and sellers compared with most spring seasons. Pending sales (sellers in contract with buyers) climbed 14% year-on-year (YoY) for King (2775) and Seattle (1012); they are up 23% YoY on the Eastside (865). months of inventory, including 1.3 months in Seattle and 0.9

Marketing 36

Marketing Inventory Buyers Sellers 36

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. This suggests homes – while far fewer for sale than in recent years – are quickly being scooped up by those few available buyers. months’ inventory, down from 1.5

Finance 68

Finance Inventory Construction Buyers 68

Housing Wire

DECEMBER 11, 2023

The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. Buyers want to know that they will be able to get a low mortgage rate when they lock in a rate. in 2024, followed by 5.5%

Mortgage 450

Mortgage Buyers Inventory Technology 450

Cornerstone

JUNE 1, 2021

.” Yun said this in response to the high homebuyer demand and rising housing prices we’re currently seeing — which he blamed simply on a shortage of inventory. Home prices are climbing because of record-low inventory levels that can’t meet the needs of today’s buyers. percent 2025: 3.5

Inventory 52

Inventory Buyers Sellers Investing 52

Housing Wire

DECEMBER 19, 2023

The inventory picture There are now 539,000 single-family homes on the market unsold, which is up 3.2% Housing inventory climbed late in the year as mortgage rates rose. Rates are falling now and if that continues, buyers will jump and inventory will fall well into the first quarter of 2024. than last year at this time.

Sellers 440

Sellers Marketing Inventory Contracts 440

Housing Wire

MARCH 25, 2024

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. Now it’s on the rise.

New Listings 490

New Listings Inventory Contracts Sellers 490

Housing Wire

SEPTEMBER 21, 2023

Until interest rates come down, affordability challenges will continue to put first-time buyers on the sidelines, housing industry observers said. In an elevated rate environment, the lack of inventory continues to be the biggest challenge for many potential buyers, the Mortgage Bankers Association said. in 2024 and 5.1%

Real Estate 392

Real Estate Mortgage Buyers Inventory 392

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines. months of inventory available in the county, down from 2.0 in September.

Inventory 36

Inventory Buyers Sellers New Listings 36

Housing Wire

DECEMBER 13, 2023

in 2025, indicating four more 25 bps cuts. We’re probably at an inflection point where rates have come down enough that more buyers are coming back into the marketplace,” said Melissa Cohn, regional vice president of William Raveis Mortgage. by the end of 2024, suggesting three 25 basis points (bps) cuts from current levels.

Inventory 457

Inventory Housing Market Mortgage Law 457

Housing Wire

DECEMBER 29, 2023

“At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate. You have all these buyers that have been waiting for rates to come back and now they’re back and all this becomes really competitive again.”

Mortgage 441

Mortgage Loan Officers Inventory Business 441

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. The velocity of inventory rising in the next three months is limited. April 2022: Inventory has not recovered. Can this last?

Housing Market 393

Housing Market Marketing Inventory Lending 393

Will Springer Realtor

MARCH 11, 2024

However, in today’s market, the overlooked costs of running a household have taken center stage, demanding attention and strategic planning from homeowners and prospective buyers alike. On the whole, people should continue to buy and sell when they need and not based on who is in the White House come 2025.

Insurance 36

Insurance Sellers Real Estate Buyers 36

Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

HOA 36

HOA Transportation Construction Buyers 36

Housing Wire

JULY 17, 2023

By October 2022, it looked like 2023 would have rising inventory and falling home prices. But since January, home buyers have defied all expectations. Sellers have not materialized, and buyers have been buying everything that becomes available. Inventory has fallen all year. I grew pretty bearish again. is $450,000.

Real Estate 310

Real Estate Marketing Inventory Contracts 310

Appraisal Today

SEPTEMBER 22, 2023

A buyer gets a seller’s disclosure statement for that information. Values are so high that buyers are putting a lot of money down to lower the monthly payment as much as they can. Appraising will be different in 2025. What I tell buyers is to buy when no one else is buying. No appraisal required on those!

Appraisal 87

Appraisal Training Inspection Real Estate 87

Appraisal Today

FEBRUARY 2, 2024

As someone who’s potentially interested in ‘training’ appraisers on the new process, it seems to me that providing training in Q2 2025 would be more appropriate than 6 months before. Additionally, it becomes critical to dig deeper into granular inventory metrics beyond total listing tallies. What does this mean for appraisers?

Appraisal 67

Appraisal Contracts Training Real Estate 67

Will Springer Realtor

DECEMBER 13, 2022

For 34 consecutive months ending in March, buyers enjoyed mortgage interest rates of 4.0% Sellers, meantime, could put nearly any home on the market and expect a reaction of irrational exuberance from financially sound consumers submitting high-priced offers without buyer-favorable contingencies. Affordability remains elusive.

Real Estate 36

Real Estate Buyers Construction Sellers 36

Appraisal Today

JUNE 10, 2022

” The most popular reason for respondents rebuffing the bubble thesis is strong market fundamentals, including demographics, scarce inventory and shifting housing preferences. recession to begin in 2023, which gathered more votes than 2022 (30%), 2024 (8%) or 2025 and beyond (17%). percent of total applications from 31.5

Appraisal 52

Appraisal Contracts Business Mortgage 52

Housing Wire

JUNE 8, 2023

trillion limit until January 2025 and cap government spending. While elevated rates and other affordability challenges remain, inventory continues to be the biggest obstacle for prospective homebuyers.” debt ceiling impasse was solved when President Joe Biden signed a bill on Saturday to suspend the $31.4 ”

Mortgage 387

Mortgage Investors Inventory Housing Market 387

Housing Wire

AUGUST 3, 2023

We believe this lack of existing homes on the market is pushing prospective buyers toward new homes, bolstering sales and construction,” he added. Dietz concurs, adding that two-thirds of homebuilders say lot inventories are “low or very low.” “And Also helping to propel new-home sales is a huge deficit in existing homes.

Construction 369

Construction Development Finance Mortgage 369