Remove articles housingwire-annual-on-demand-2022
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Why are existing home prices rising when sales are still so low?

Housing Wire

Supply being near all-time lows is one thing, but existing home sales aren’t crashing like they did in 2022. The supply and demand equilibrium changed after November 2022, and that itself has kept prices rising even with existing home sales still trending at the lowest levels ever for the third calender year. million in March.

Inventory 487
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As rising mortgage rates push buyers to the brink, sellers are starting to cut prices

Housing Wire

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. home sale price rose 3% year over year, reaching $420,846 in August, the largest annual increase since October 2022. the month prior.

Sellers 506
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What does the new normal for first-time homebuyers look like?

Housing Wire

Before the pandemic, the historical average of annualized house price growth was approximately 4%. Yet, pandemic-era dynamics exacerbated an already large housing demand and supply imbalance, fueling record-breaking annual house price growth, peaking at nearly 21%. percentage points, more than any other age group. The headwinds.

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Is the spring housing market about to rebound?

Housing Wire

Auction.com bidding behavior turned sharply more conservative in the second half of 2022, particularly in the fourth quarter, indicating a mild home price correction of less than 5% nationwide in early 2023. That mild correction has played out, with an emphasis on mild. The national median home price decreased 1.7%

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The big short in housing supply isn’t going away

Housing Wire

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. The supply-demand imbalance fueling the housing market shows no signs of abating in 2022, even as homebuilders attempt to bridge the gap.

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HW+ Member Spotlight: Matthew Blanchard

Housing Wire

Below, Blanchard answers questions about the housing industry: HousingWire: What were some of your biggest takeaways from last year’s HW Annual event? HousingWire: Why do you think people should attend HW Annual this year? HW Annual pulls you back and provides a bird’s eye view of all that’s happening in the industry.

Buyers 370
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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. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. 2022 Forecast series. What are the drivers of housing demand in 2022? 5 predictions for the 2022 housing market.