Housing Wire

SEPTEMBER 5, 2024

This is why industry estimates call for a robust 2025 with $2 trillion in expected mortgage originations.” HousingWire Lead Analyst Logan Mohtashami said that high mortgage rates have created an inventory buffer. The availability of homes for sale has increased in markets across the country.

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Housing Wire

JANUARY 26, 2024

According to an NAR outlook, home sales are projected to rise significantly in 2024 and 2025 as the housing market steadily returns to normal. increase between 2024 and 2025 to a pace of 5.35 in 2025 to reach $405,200. in 2025 to reach $405,200. million and a 15.8% million units. year over year.

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Housing Wire

JULY 2, 2024

Limited inventory and high mortgage rates continue to push home prices higher, but the pace of growth is starting to slow down. CoreLogic forecasts that home prices will grow by 3% by May 2025. Geographically, home prices are rising the most in the Northeast as a result of inventory that’s considerably lower than pre-pandemic levels.

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Appraisal Buzz

SEPTEMBER 5, 2024

s latest August Market Pulse Report found that the nation’s housing inventory remains low from a historical perspective, however, is now at the highest level reported since Covid. Notably, total inventory is up 28.7% elementor – v3.23.0 – 05-08-2024 */.elementor-widget-text-editor.elementor-drop-cap-view-stacked.elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed.elementor-drop-cap{color:#69727d;border:3px

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Appraisal Buzz

AUGUST 21, 2024

According to the Fannie Mae Economic and Strategic Research (ESR) Group’s August 2024 commentary , total home sales are predicted to be lower than previously predicted through the end of 2024 and then not significantly increase until later in 2025, even with the recent decline in mortgage rates. million in 2025. million in 2024 and 5.19

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Housing Wire

JUNE 13, 2024

For 2025, projections went from 3.9% “Mortgage rate trends aren’t likely to bust the mortgage rate inventory lock-in effect until at least the end of the year, and possibly well into 2025, as the Fed holds fast on fighting inflation,” Realtor.com senior economist Ralph McLaughlin said in a statement.

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Appraisal Buzz

APRIL 25, 2024

“Meaningful gains will only occur with declining mortgage rates and rising inventory,” Yun says. million in 2025. Inventory will grow steadily from more home construction, and various life-changing events will require people to trade up, trade down or move to another location.” in 2025 to $403,800. to $440,500 in 2025.

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Housing Wire

JUNE 27, 2024

Kushi added that more buyers may be enticed back into the market if mortgage rates continue to fall and inventory levels continue to rise. Looking ahead, NAR expects mortgage rates to remain above 6% in 2024 and 2025, despite any interest rate cuts the Federal Reserve may decide to implement. to an index reading of 83.7.

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Appraisal Buzz

SEPTEMBER 5, 2024

In April we noted that rising for-sale inventory was likely to lead to more balance between buyers and sellers. Shoppers, who are out this fall, are likely to face lower competition than is expected in spring 2025 as more shoppers anticipate better mortgage rates.” Even though August’s inventory is still down 26.4% The West (+3.5

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Housing Wire

AUGUST 14, 2024

Although inventory is recovering, many buyers are either priced out or are waiting for rates to drop. “In In the medium-run, we expect the economy to land softly and housing inventory to continue to recover,” Realtor.com senior economist Ralph McLaughlin said in a statement. “In

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Appraisal Buzz

JULY 19, 2024

year-over-year and inventory is at its highest level in almost four years. Buyers have yet to react strongly to falling rates and increasing inventory. Redfin further said that rising supply is another factor in favor of buyers as listings are up 6.4% Pending sales are down 5.6%

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Appraisal Buzz

JUNE 21, 2024

While the number of homes for sale remains low by historical standards, the months’ supply of inventory is progressively growing, which the ESR Group sees as consistent with a slowing of home price increase. The ESR Group also reduced its 2024 real GDP growth forecast to 1.6% In April, the month’s supply of new dwellings reached 9.1,

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Housing Wire

JUNE 1, 2024

Weekly housing inventory data The best story about housing in 2024 has been that we are finally growing inventory and getting off these savagely unhealthy low levels of active listings. Even though we didn’t hit my goal this week of inventory growth between 11,000 – 17,000, it was still a decent week at 10,374.

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Housing Wire

SEPTEMBER 18, 2024

The market will be closely watching the tone of Fed Chair Jerome Powell ’s news conference on Wednesday for any hints of how quickly the Fed could cut rates later this year and into 2025. But still-high home prices and limited amounts of available inventory may not mean much in practical terms.

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Housing Wire

SEPTEMBER 22, 2023

Meanwhile, available inventory continues to dwindle as many homeowners stay put to keep their relatively low mortgage rates. Meanwhile, mortgage rates are not expected to cool anytime soon as the Fed announced on Wednesday that interest rates were likely to remain higher than anticipated heading into 2024 and 2025.

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Housing Wire

DECEMBER 19, 2023

The group projects a return to growth in 2025. However, the woes that hindered home sales in 2023, such as affordability challenges and the lack of resale inventory, will persist. As a result, home sales will begin a “slow but meaningful recovery” in 2024, according to the December 2023 commentary from the Fannie Mae ESR Group.

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Appraisal Buzz

JUNE 12, 2024

Inventory, New Listings and Pending Sales Overview New listings increased by 7.9% Inventory (the number of listings active at any time during the month) in May increased by 7.4% Inventory (the number of listings active at any time during the month) in May increased by 7.4% Inventory levels are 33.8% through May 2025.

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Housing Wire

MAY 23, 2024

Housing inventory has also climbed from the low poitns of last year , although it remains well below pre-pandemic levels. His forecast calls for $2 trillion in origination volume in 2025 and $2.28 in 2025 and 5.7% Fratantoni expects a major rebound for the mortgage market over the next two years. trillion in 2026.

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Appraisal Buzz

MAY 10, 2024

Even with the long-anticipated break in for-sale inventory, the surging cost of homeownership, further fueled by rising insurance and tax expenses, is holding potential home sales back, as is evident in the slow rise in sales compared with last year. in March 2025. CoreLogic’s forecast shows annual U.S.

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Housing Wire

DECEMBER 14, 2023

Powell on Wednesday announced that the Fed anticipates making three 25 basis point rate cuts in 2024 and four in 2025, which should help bring mortgage rates further down in 2024. This harms inventory as homeowners are reluctant to let go of their low mortgages.

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Appraisal Buzz

JULY 16, 2024

elementor-widget-heading.elementor-heading-title.elementor-size-xxl{font-size:59px} A rise in inventory The total number of homes on the market has risen throughout the year, ticking up 4% from May 2024 to June 2024 to stand nearly 23% above last year’s low level. Inventory is reported to be higher than last year in all of the 50 largest U.S.

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Appraisal Buzz

AUGUST 6, 2024

CoreLogic is currently forecasting that by summer 2025, prices will slow to an annual rate of 2.3%. Month-over-month, home prices increased 0.3% compared with May, and were up only 4.7% year-over-year. That’s down from 4.9% In June, Miami once again usurped San Diego for the metro with the greatest annual home price growth.

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Housing Wire

OCTOBER 16, 2023

at the end of 2025 as Treasury rates decline and as the spread narrows. As mortgage rates come down to the 6%-range in 2024 and the 5% range in 2025, borrowers will see less of a trade-off in moving, Kan projected. Mortgage rates will drop, but challenges linger MBA’s baseline forecast is for mortgage rates to end 2024 at 6.1%

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Housing Wire

JUNE 12, 2024

The Federal Housing Finance Agency (FHFA) this week issued a public request for information for plans submitted by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac under the Duty to Serve (DTS) program that aims to serve underserved markets from 2025 through 2027. As the U.S.

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BiggerPockets

AUGUST 1, 2024

Mortgage rates are set to fall this year and well into 2025, all while housing inventory steadily increases. We’re in the best housing inventory position since before the pandemic, so […]

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Housing Wire

SEPTEMBER 4, 2024

More work on zoning will be performed in 2025. They include making an existing “inclusionary housing program” more accessible for underrepresented communities; addressing zoning code requirements that have stymied construction activity; and “cleaning up” elements of the zoning code the council found necessary.

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Housing Wire

SEPTEMBER 5, 2024

in 2025, according to a quarterly survey of housing experts conducted by government-sponsored enterprise (GSE) Fannie Mae. home-price growth is predicted to finish this year at 4.7% before slowing to 3.1%

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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.

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Housing Wire

JULY 31, 2024

It’s launching a beta version of its client dashboard in October, with full rollout finishing at the beginning of 2025. Compass is launching its “Make-Me-Move” tool in August, which it believes will help convert what it calls “passive inventory,” homes owned by people who aren’t actively selling but would sell at the right price.

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Housing Wire

AUGUST 29, 2024

Unsold inventory of homes on the market has been climbing in the U.S. In general, inventory rises with rates because more expensive money slows demand. When demand slows, inventory grows. Inventory is climbing but it’s still pretty restricted. And importantly, inventory isn’t growing everywhere equally.

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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.

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Appraisal Buzz

JULY 12, 2024

“The combination of declining mortgage rates, rising supply and a lot of inventory growing stale means buyers have a window where they have more purchasing power than earlier in the year and more homes to choose from. It’s also possible rates drop further in 2025, which would make monthly costs decline more and increase competition even more.

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Appraisal Buzz

JUNE 4, 2024

in April 2025. Also, the price cooling is more pronounced in markets where there has been an influx of inventory and/or new construction, as well as those where additional homeownership costs (such as insurance, taxes and HOA fees) have risen relatively faster.” Miami saw the next-highest gain at 9.7%.

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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.

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Housing Wire

MARCH 5, 2024

by early 2025. home price gains reached their highest rate in a year in January, according to CoreLogic ’s Home Price Index (HPI). But the data provider forecasts yearly growth to begin slowing in the coming months and fall to 2.6% annual home price growth rose by 5.8% in January 2024. On a monthly basis, home prices increased by 0.1%.

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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 Investors Sellers 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 Investors Sellers 370