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Pending home sales remain at historically low levels

Housing Wire

Pending home sales in November were largely unchanged from October’s levels, a month that saw the lowest pending sales since 2001. NAR’s Pending Home Sales Index (PHSI) recorded a minor increase to 71.6 Regional data Regional performance indicated modest rises in pending sales levels in certain pockets of the country during November.

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Zillow’s outlook for 2022: Will housing affordability slow demand?

Housing Wire

This article is part of our HousingWire 2022 forecast series. Housing entered 2022 riding high on several superlatives: the highest-ever annual price appreciation, the lowest-ever active inventory and the fastest monthly rise in mortgage rates since 2016. Zillow’s answer: price growth won’t slow much, at least not nationally.

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Local Housing Markets: Fargo, Bergen County and 30A, Florida

Housing Wire

Recently, Bergen County has been home to one of the hottest housing markets in the country. People aren’t moving because they are tied into low-interest rates, so they aren’t listing their home. But, homes are not receiving the same volume of offers that they used to. “At For every seller I probably have 50 buyers.”

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Housing Market Recession

Housing Wire

This article is part of our 2022 – 2023 Housing Market Forecast series. In late 2022, inflation, as measured by the Consumer Price Index, decelerated for the second consecutive month, which was certainly welcome news. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event.

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How the housing market will evolve in 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After two years of runaway home prices, the Federal Reserve stepped in to reverse engineer rampant inflation, and it has been utilizing the housing market as one of the main economic engines to achieve its objective. They eased below 6.5% in September 2022.

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Here are 4 macro trends impacting the 2022 housing market

Housing Wire

This article is part of our HousingWire 2022 forecast series. A potential strategy for 2022 will likely depend on whether the market transitions to a purchase-heavy mortgage market, understanding why people buy homes and implementing an effective system to work with potential buyers. 2022 Forecast series.

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What’s next after a historic housing boom?

Housing Wire

This article is part of our HousingWire 2022 forecast series. Talking rapidly into the video frame, Gerli bandied about a Florida Atlantic University report that Boise homes purchased are overvalued by 80%, and city residents ought to rent. But home sales or real estate prices dropping may not be in the cards. “We