Housing Wire

JULY 26, 2023

“New home sales continue to be an outsized share of the housing market ,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. The market for new homes is booming because the number of existing homes coming on the market has slowed to a two-decade low. At the current sales pace this inventory represents 7.4

Housing Market 357

Housing Market Marketing Construction Inventory 357

Housing Wire

SEPTEMBER 7, 2023

However, high home prices and growing affordability challenges are the two factors weighing on prospective home buyers, said Sturtevant. She expects a market contraction this fall in the housing sector.

Housing Market 437

Housing Market Mortgage Marketing Contracts 437

Housing Wire

JANUARY 4, 2021

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum. A buyer’s market in 2021?

Housing Market 546

Housing Market Marketing Buyers Real Estate Agent 546

Housing Wire

MAY 11, 2024

However, this year, even though the spreads are still historically bad, they’ve improved over last year, which is a plus for the housing market. This can be partly due to a higher percentage of cash buyers in the sales mix that purchase applicatoins won’t account for. Right now, the difference between them is 2.60%.

Mortgage 411

Mortgage Inventory New Listings Housing Market 411

Housing Wire

DECEMBER 28, 2023

Affordability has been a chief topic of concern in the housing industry for the past several years, and the lack of affordable options in the state of Colorado is pushing that state’s school districts into action. Rents also remain challenging according to data the Post cites from Zillow.

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Housing Market Marketing Landlords Development 428

Housing Wire

APRIL 2, 2021

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints.

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Inventory Construction Housing Market Business 504

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”

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Inventory Renovations Real Estate Government 465

Housing Wire

JULY 7, 2022

We are in a unique moment in the history of housing. We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. 2022 State of the Mortgage Industry: Affordability and Inventory. Inventory rising, historically low.

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Inventory Marketing Mortgage Supply Chain 397

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. But somebody has to replace the Fed, and the Fed is not an economic buyer.

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Housing Market Marketing Buyers Investors 446

Housing Wire

APRIL 15, 2024

Competition in the housing market is heating up heading into May and June. metros, with coastal California cities and Seattle leading the charge in monthly home value growth, according to Zillow’s newest market report. These metros also continue to grapple with below-average inventory recovery, maintaining pressure on buyers.

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Housing Market Inventory Buyers New Listings 418

Housing Wire

FEBRUARY 4, 2021

There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. Are you hoping to buy a home in 2021’s hot housing market ? How much house can you afford to buy?

Housing Market 546

Housing Market Marketing Real Estate Agent Sellers 546

Housing Wire

MARCH 27, 2024

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few. Listings jumped at both the state and city levels in 2021 and 2022.

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Brokerage Realty Real Estate Inventory 425

Housing Wire

MARCH 28, 2022

The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market. Inventory has been falling for years.

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Housing Market Marketing Supply Chain Inventory 344

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Elevated housing prices, lack of inventory on the market and loans falling through were the three biggest challenges surveyed professionals face in Q4. Roughly 47.4%

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Housing Market Mortgage Marketing Inventory 407

Housing Wire

DECEMBER 2, 2020

For-sale inventory is at record lows. Construction is starting to pick up, so that should help alleviate things in the housing market. Four renovations to consider before selling your house. Worries about finding a replacement home in a hot housing market. But existing homes? Those are another story.

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Housing Market Sellers Marketing Renovations 466

Housing Wire

NOVEMBER 30, 2023

Historically high rates harmed the housing market in October Annualized existing home sales remained below 4 million in October, the lowest rate since 2010. Meanwhile, new home sales posted a better performance as homebuyers pivoted to new construction amid waning existing home supply. New home sales fell 5.6%

Housing Market 474

Housing Market Inventory Realtors Construction 474

Housing Wire

JANUARY 26, 2024

The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. Job additions and income growth will further help with housing affordability, but increased supply will be essential to satisfying all potential demand.”

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Contracts Housing Market Construction Inventory 458

Housing Wire

JANUARY 7, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. San Diego, California. But overall demand is on the rise.

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Housing Market Marketing Real Estate Agent Agents 365

Housing Wire

DECEMBER 10, 2020

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Housing inventory in the Des Moines housing market is tight. I haven’t had anybody so far downsize.”.

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Housing Market Marketing Realty Realtors 441

Housing Wire

OCTOBER 21, 2021

As the COVID-19 pandemic has opened the possibilities of working remotely, more and more people are looking to buy a house in Vermont’s largest city, causing a huge swell in demand in an area that was already flush with prospective buyers. Buyers from across the country have set their sights on Burlington. “We

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Buyers Inventory Agents Realty 373

Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership.

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Housing Market Marketing Construction Insurance 411

Housing Wire

APRIL 5, 2024

Job gains were most notable in the health care (+72,000), government (+71,000) and construction (+39,000) sectors. In March, employment continued to trend up in construction, adding 39,000 jobs month over month. million openings one year prior, according to other recent job market data. month over month to $34.69 and were up 4.1%

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Mortgage Transportation Construction Housing Market 301

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. Today, the average is 2.7

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Realtors Buyers Inventory Sellers 429

Housing Wire

JUNE 29, 2023

Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” Lawrence Yun , the chief economist of NAR, said in a statement. The lack of housing inventory continues to prevent housing demand from being fully realized.”

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Contracts Inventory Housing Market Realtors 345

Housing Wire

JULY 18, 2023

For the seventh consecutive month, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report rose month-over-month , gaining one-point to a reading of 56, according to a report released Tuesday. The NAHB attributes the continued rise in builder confidence to low existing home inventory.

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Inventory Construction Buyers Housing Market 353

Housing Wire

OCTOBER 22, 2020

“I would attribute this jump to record-low interest rates and an abundance of buyers in the marketplace, including buyers of vacation homes given the greater flexibility to work from home.”. That surge in potential buyers, however, may be met with what Yun says is historically low inventory. million units, down 1.3%

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Inventory Buyers Realtors Housing Market 530

Housing Wire

MAY 4, 2023

The purchase market is locked up with a lack of inventory thanks to elevated rates and homeowners already having secured low mortgage rates during the pandemic years. Slower housing market With mortgage rates remaining elevated, many sellers feel locked in by their current low mortgage rate.

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Mortgage Inventory Housing Market Buyers 378

Housing Wire

JULY 6, 2023

High rates combined with low inventory continue to price many potential homebuyers out of the market, added Khater. Markets are still digesting the Federal Reserve’s most recent FOMC meeting, during which Federal Reserve Chair Jerome Powell hinted at additional rate hikes before the end of the year. or even a little higher. .

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Mortgage Construction Inventory Investors 384

Sacramento Appraisal Blog

JULY 25, 2022

We’ve seen a massive change with housing inventory. Let’s talk about supply and some things on my mind about today’s market. But is it because sellers are rushing to list their homes? That’s not the culprit.

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Buyers Inventory Real Estate Sellers 391

Housing Wire

JUNE 2, 2023

The construction sector also saw job gains in May, adding 25,000 positions, thanks to a large uptick in heavy and civil engineering construction, which added 10,700 jobs. Residential building construction added 2,400 jobs during the month. year-over-year increase, further complicating things for the Fed. “For

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Construction Real Estate Housing Market Transportation 372

Housing Wire

APRIL 20, 2023

It’s a unique housing market.” Despite much higher mortgage rates than those seen a year prior, sales prices have only decreased slightly, thanks in large part to the continued inventory pinch. At the end of March, NAR reported that the inventory of unsold existing homes was up to 980,000, an increase of 1.0%

Inventory 373

Inventory Housing Market Realtors Mortgage 373

Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., “With buyer demand continuing to outpace the previous year’s levels amid historically lowest inventory of for-sale homes, the pressure on home prices is going to fuel home price growth in the first half of 2021,” Happ said.

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Inventory Housing Market Buyers Sellers 544

Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. Are we in a housing bubble?” Of course, the answer is about why this is not the same market — in any way — to post 2008.

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Sellers Inventory Housing Market Buyers 384

Housing Wire

MAY 30, 2023

Low housing inventory and still-strong demand kept prices high in March, according to the latest according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. The annual growth rate in March 2023 was up 0.7%. On a month-over-month basis, the index was up 1.3% before seasonal adjustment.

Mortgage 406

Mortgage Inventory Construction New Listings 406

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. Home starts forecasts, meanwhile, don’t offer much certainty about the pace of construction next year.

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Inventory Construction Mortgage Buyers 466

Housing Wire

APRIL 28, 2022

builder confidence, housing starts, homebuilder, builder, lumber, construction costs. Auld said the homebuilder started construction on 24,800 homes this quarter and homes and inventory “increased 30% from a year ago with only 600 unsold completed homes across the nation. per diluted share.” That’s up from $2.53

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Supply Chain Construction Inventory Marketing 366

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. from the beginning of this year, but they may have not peaked, putting pressure on affordability challenges for most prospective buyers as the Federal Reserve vows to tame inflation. “Now

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Mortgage Loan Officers Buyers Inventory 419