Housing Wire

FEBRUARY 7, 2024

Although this is positive news, NAR’s chief economist Lawrence Yun signaled that he expects further losses through 2025. Inventory of listings is at historic lows.” However, the 85,049 agents lost between October 2022 and January of 2024, is still well below the 400,000-agent drop recorded between 2008 and 2012.

Realtors 414

Realtors Agents Brokerage Inventory 414

Housing Wire

DECEMBER 26, 2023

. “We’re not saying 2025. The macro challenge: Still not much inventory Analysts unanimously agree that inventory will continue to be a significant issue entering 2024. The macro challenge: Still not much inventory Analysts unanimously agree that inventory will continue to be a significant issue entering 2024.

Mortgage 502

Mortgage Inventory Marketing Finance 502

Housing Wire

MARCH 23, 2023

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. Median mortgage payment for conventional loan applicants was $2,117, up from $2,009 in January and from $1,750 in February 2022. this year from 6.6%

Mortgage 393

Mortgage Loan Officers Inventory Buyers 393

Appraisal Buzz

APRIL 4, 2024

by February 2025. That said, more inventory finally coming to market will likely translate to more options for buyers and fewer bidding wars, which typically keeps outsized price growth in check,” Hepp says. home prices increased 0.7% in February compared with January and were up 5.5% Nevertheless,” Hepp adds, “with a 0.7%

Inventory 150

Inventory Buyers Appraisal Marketing 150

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

APRIL 6, 2023

Independent mortgage banks (IMB) and mortgage subsidiaries of chartered banks received a disappointing sales report card for 2022, which was led by a rapid rise in mortgage rates , low housing inventory and affordability challenges. There is no denying the very difficult circumstances in which mortgage companies are still operating today.

Valuation 393

Valuation Mortgage Inventory Business 393

Housing Wire

FEBRUARY 9, 2022

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. Now we’re in years 2020-2024 and not only has inventory dropped to all-time lows, but we’re also dealing with the most significant housing demographic patch ever recorded in U.S.

Inventory 370

Inventory Buyers Sellers Investors 370

Housing Wire

FEBRUARY 9, 2022

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. Now we’re in years 2020-2024 and not only has inventory dropped to all-time lows, but we’re also dealing with the most significant housing demographic patch ever recorded in U.S.

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 433

Mortgage Marketing Housing Market Buyers 433

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. trillion in 2025, according to forecasts from the Mortgage Bankers Association (MBA). economy remains hot.

Loan Officers 414

Loan Officers Mortgage Buyers Inventory 414

Housing Wire

NOVEMBER 1, 2023

Zillow’s financial results Despite a slower residential housing market environment caused by rising mortgage rates and low housing inventory, Zillow Group still managed to record an annual increase in revenue in the third quarter of 2023. It’s a year of execution as we prepare to scale in 2024 and 2025.

Real Estate 450

Real Estate Advertising Agents Realtors 450

Housing Wire

JUNE 2, 2023

Meanwhile, 2025 and 2026 will be off the charts. What does Ishbia think about surging mortgage rates , lack of housing inventory and monetary and policy pressures ? And 2024, 2025 and 2026, they’ll be the three best mortgage years in history because everybody that’s doing 6.5% Rates lowering frees up inventory.

Retail 370

Retail Inventory Mortgage Loan Officers 370

Housing Wire

NOVEMBER 10, 2023

Many homebuyers are aware of the lack of inventory of existing homes for sale, he explained. Loan originators emphasized any decline in rates improves affordability while the lack of housing inventory and higher home prices will continue to be a challenge. They’ve also re-entered the home-buying process,” Mettle told HousingWire.

Mortgage 424

Mortgage Inventory Marketing Retail 424

Housing Wire

DECEMBER 26, 2023

Our best guess is that any changes to the commission structure are more of a mid-year second half type of event that doesn’t really start to show in the numbers until 2025,” Tomasello said. While Tomasello sees this outcome as a possibility, he believes it is more of a multi-year scenario and not something we will see play out in 2024.

Brokerage 442

Brokerage Mortgage Agents Bracketing 442

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 433

Inventory New Listings Sellers Contracts 433

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 402

Property Taxes Realtors Law Inventory 402

Housing Wire

DECEMBER 20, 2023

In addition to predicting mortgage rates, they based their predictions for home sales and home starts largely on mortgage rates, as several experts have stated: “The story this year and the story next year depend on two variables: mortgage rates and inventory.” Similarly, Wells Fargo noted in its forecast made on Nov.

Mortgage 433

Mortgage Realtors Real Estate Marketing 433

Housing Wire

APRIL 11, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 498

Inventory Housing Market Marketing Modernization 498

Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 404

Inventory Housing Market Marketing Modernization 404

Housing Wire

NOVEMBER 21, 2023

Mortgage rates eclipsed 8% at one point, inventory hit all-time lows, and home prices continued to climb. Home prices should see modest declines as the growth in inventory offsets the increased demand. Let’s not sugarcoat it: 2023 was a bad year for the housing market. Analysts at the firm say that in 2024 the U.S.

Inventory 457

Inventory Housing Market Mortgage Marketing 457

Housing Wire

DECEMBER 11, 2023

Most LOs don’t expect traditional rate-term refinance demand to return until the second half of 2025 and into 2026. And for originations business to pick up, a stability of low rates as well as a supply in inventory would have to work in tandem. “I For 2024, roughly 75% of origination volume is expected to come from purchase loans.

Mortgage 450

Mortgage Buyers Inventory Technology 450

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 493

New Listings Inventory Contracts Sellers 493

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 450

Sellers Marketing Inventory Contracts 450

Housing Wire

SEPTEMBER 12, 2023

” “A lot of mortgage originators are having those conversations: ‘Listen, we’re gonna put you in this home because you found it in this tight inventory market. Andreano said rates will drop from the current levels, whether next year or 2025. It follows the popular saying: “Marry the house, date the rate.”

Loan Officers 393

Loan Officers Investors Mortgage Clients 393

Housing Wire

SEPTEMBER 21, 2023

In an elevated rate environment, the lack of inventory continues to be the biggest challenge for many potential buyers, the Mortgage Bankers Association said. Officials expect fewer cuts in 2025 with the median estimate for the benchmark rate to be at 3.9%, up from 3.4%. in 2024 and 5.1% in 2024, up from the 4.6% projected in June.

Real Estate 414

Real Estate Mortgage Buyers Inventory 414

Housing Wire

DECEMBER 13, 2023

in 2025, indicating four more 25 bps cuts. While mortgage rates are expected to decrease, high home prices combined with low inventory still pose a challenge for potential homebuyers. “We Instead, fresh economic projections from central bank officials showed rates would be slashed to a median 4.6%

Inventory 457

Inventory Housing Market Mortgage Law 457

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

Housing Wire

JANUARY 18, 2024

“It will also allow us to achieve our goal of supplying 10,000 homes outside of Japan by fiscal year 2025, ahead of our initial expectations.” faces house inventory challenges. ” Sekisui claims it has delivered over 2.62 It’s also a 41% premium to the 90-day volume-weighted average trading price.

New Listings 428

New Listings Housing Market Inventory Sellers 428

The Robert Weiler Company

AUGUST 18, 2021

While no “warehouse bubble” is yet forecast, in another report, estimates that demand for warehouse space for rent could reach an additional 1 billion square feet by 2025. There are warm storage facilities, cold storage facilities, sophisticated AI-enabled inventorying machinery, and software, among other variables.

Real Estate 148

Real Estate Logistics Landlords Supply Chain 148

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. But a combination of factors – high home prices , lack of inventory , elevated rates — temper expectations for even a moderately strong year.

Mortgage 442

Mortgage Loan Officers Inventory Business 442

Housing Wire

JULY 17, 2023

By October 2022, it looked like 2023 would have rising inventory and falling home prices. Inventory has fallen all year. The peak of inventory for 2023 so far was the week of the New Year — that is insane. We could see inventory from distressed sellers emerge in 2025. Most years, inventory peaks at the end of July.

Real Estate 369

Real Estate Marketing Inventory Contracts 369

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 393

Mortgage Investors Inventory Housing Market 393

Appraisal Today

SEPTEMBER 22, 2023

Appraising will be different in 2025. Purchase applications increased for conventional and FHA loans over the week but remained 26 percent lower than the same week a year ago, as homebuyers continue to face higher rates and limited for-sale inventory, which have made purchase conditions more challenging. percent the previous week.

Appraisal 86

Appraisal Training Inspection Real Estate 86

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

APRIL 29, 2024

Elevated mortgage rates and low albeit growing inventory levels have caused transaction volumes to remain near historically low levels,” Ken DeGiorgio, First American’s CEO said on the firm’s call. Our industry is facing combination of these factors, along with low sales inventory yields and overall weak housing market.

Insurance 414

Insurance Investors Housing Market Government 414

Housing Wire

AUGUST 16, 2023

His prediction is that 2025 and 2026 “will be off the charts.” The ultra-low mortgage rates from 2020 to 2022 undoubtedly removed inventory from the board for probably the better part of the decade. Goldman Sachs economists predict that the cut will come by the end of June 2024.

Retail 370

Retail Real Estate Agent Business Mortgage 370

Will Springer Realtor

APRIL 9, 2024

It was particularly true on the Eastside, where sales surged 52% from February to March and 9% year-on-year (YoY) and inventory narrowed to under a month (29 days) before all homes for sale would theoretically be under contract if no others hit the market. months (20 days) of available inventory. Inventory stood at 1.3

Marketing 60

Marketing Inventory Buyers Sellers 60