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. Springfield, Missouri.

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Housing Market Marketing Real Estate Agent Agents 348

Housing Wire

OCTOBER 26, 2023

in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” Pending home sales ticked up 1.1% in September. increase in September.

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Inventory Contracts Housing Market Realtors 379

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). In 2023, new-home sales are up 5% year to date, Yun said.

Real Estate 458

Real Estate Inventory Sellers Realtors 458

Housing Wire

JUNE 29, 2023

After holding steady month over month in April , pending home sales were back down again in May, dropping 2.7%, according to data released Thursday by the National Association of Realtors (NAR). The lack of housing inventory continues to prevent housing demand from being fully realized.” annual drop recorded in April.

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Contracts Inventory Housing Market Realtors 329

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 424

Housing Wire

APRIL 20, 2023

monthly increase in February , breaking a year long streak of declines, existing home sales were back down again in March, according to a report from the National Association of Realtors (NAR), released Thursday. It’s a unique housing market.” After posting a surprising 14.5% Existing home sales dropped 2.4% from a year ago.

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Inventory Housing Market Realtors Mortgage 362

Housing Wire

MARCH 8, 2024

In February, employment continued to trend up in construction, adding 23,000 jobs month over month. The jobs report contains two conflicting implications for the housing market, according to Sturtevant. Lower rates this spring could give housing market demand a boost.” Job openings were essentially unchanged at 8.9

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Transportation Retail Housing Market Construction 435

Housing Wire

OCTOBER 22, 2020

million, the National Association of Realtors said in a report on Thursday. That surge in potential buyers, however, may be met with what Yun says is historically low inventory. At the end of September, housing inventory totaled 1.47 from one year ago when inventory sat at 1.82 million units, down 1.3%

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Inventory Buyers Realtors Housing Market 529

Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 months worth of housing inventory, which is the lowest ever, the report from Keller Williams said.

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Marketing Realty Realtors Housing Market 533

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). Home prices will be influenced by how much inventory is brought to market. Meanwhile, housing starts are forecast drop 5.3%

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Construction Inventory Realtors Housing Market 354

Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. In the new construction sector , NAR predicts sales to increase 4.5%

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Inventory Realtors Contracts Construction 411

Housing Wire

MAY 27, 2021

Record low rates lit the fire under what was a scorching hot market in 2020 with some economists speculating rising rates may be the best option for cooling it back down. As rates rise, demand wanes and builders can catch up on the few months of inventory left for hungry borrowers. Presented by: Computershare Loan Services.

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Mortgage Inventory Housing Market Construction 466

Housing Wire

JUNE 3, 2021

However, despite fluctuating sub-3% mortgage rates, borrowers are still competing in a supply strained and overheated market. Home prices continue to accelerate while inventory remains low and new home construction cannot happen fast enough,” said Sam Khater, Freddie Mac’s chief economist. from March to 5.85 dropping 4.4%

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Mortgage Inventory Construction Realtors 329

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

SEPTEMBER 23, 2021

Khater said that homebuyers are soaking up all available inventory, which has improved slightly, while home-price growth is also moderating. Meanwhile, the housing market continues to lure buyers seeking their dream home as well as those looking to reduce their monthly payments through a mortgage refinancing.

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Mortgage Inventory Construction Technology 450

Housing Wire

JUNE 22, 2021

million, the National Association of Realtors reported on Tuesday. The low amount of existing homes left on the market continued to experience overheated prices from consistent competition. Total housing inventory at the end of May grew to 1.23 million units, up 7% from April’s inventory and down 20.6%

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Inventory Buyers Realtors Housing Market 414

Housing Wire

SEPTEMBER 21, 2022

million, according to a report from the National Association of Realtors (NAR) released Wednesday. The housing sector is the most sensitive to and experiences the most immediate impacts from the Federal Reserve’s interest rate policy changes,” Lawrence Yun, NAR’s chief economist, said in a statement. month over month to 1.28

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Inventory Sellers Realtors Housing Market 366

Housing Wire

MARCH 29, 2023

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. regions, but declined in the West, according to the National Association of Realtors. Month-over-month, contract signings increased in three U.S.

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Contracts Realtors Home Value Housing Market 296

Housing Wire

MARCH 25, 2021

Many economists speculate rising rates will be the key to quelling construction woes, even if it does eventually take a slight toll on demand. Even a slight quarter turn in rates will cause many borrowers to wait out the market. million, according to the National Association of Realtors. That’s a full 5% drop.

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Mortgage Construction Realtors Inventory 542

Housing Wire

APRIL 27, 2021

Also, less than a year ago JPMorgan Chase pledged $625 million to American Homes 4 Rent for construction of 2,500 single-family rentals in the Southeast and West. These company’s plans to build or refurbish, and then rent single-family homes comes amid a sharply imbalanced housing market in which supply is not meeting demand.

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Real Estate Renovations Inventory Retail 363

Housing Wire

NOVEMBER 3, 2020

Data from the National Association of Realtors and U.S. COVID has contributed to the acute shortage of inventory as the pace of new construction slowed and older prospective sellers postponed listing their homes until after the pandemic. Luxury home sales took off in the third quarter by 41.5%, according to a report from Redfin.

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Inventory Housing Market Construction Marketing 477

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. We do not see new construction returning in a meaningful way any time soon. Our macro-outlook is that demand for housing will remain out of balance with supply for the mid to long term.

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Mortgage Loan Officers Buyers Inventory 416

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Need for New Construction. Why Is U.S.

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Inventory Construction Real Estate Renovations 68

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Barnes said.

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Renovations Realtors Construction Mortgage 396

Empire Appraisal Group

SEPTEMBER 8, 2022

Housing Market Collapse? Housing Market Collapse? Nowhere in Sight | Florida Realtors. The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. Housing Market Collapse?

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Housing Market Marketing Real Estate New Listings 78

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% annually to $350,000, according to the Friday report from the National Association of Realtors. from the prior month to a seasonally adjusted annual rate of 6.5 January sales fell 2.3% from a year ago. “While the 6.7

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Supply Chain Inventory Buyers Contracts 410

Housing Wire

DECEMBER 28, 2021

In fact, Paradise’s housing market, though constrained by unresolved wildfire litigation and issues like proper home insurance, even has the high-demand, low inventory problems of most other U.S. We currently have about 33 stick and manufactured homes active on the market and 103 active lots.

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Insurance Realty Agents Construction 328

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. I go into real estate offices and Realtors have zero listings for the week,” said the LO, who requested anonymity to protect the business of her partners. “I And it’s going to get worse.

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Mortgage Loan Officers Inventory Retail 382

Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We

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Inventory Housing Market Marketing Real Estate 312

Empire Appraisal Group

OCTOBER 6, 2022

.: A Top 10 State for ‘Stable’ Housing | Florida Realtors. Realtor.com’s high-level view of housing markets – foreclosures, underwater mortgages, rising prices, etc. states with the most stable housing markets. Florida, ranking third, shows home prices rising but construction also gaining. previously.

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Housing Market Construction Realtors Inventory 78

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.” According to Altos Research, as of Feb. 23, 2024.

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Housing Market Marketing Inventory Construction 419

Housing Wire

NOVEMBER 2, 2022

“Even with the Federal Reserve raising its short-term fed funds rate by another large amount, longer-term interest rates look to move only slightly,” Lawrence Yun, chief economist at National Association of Realtors , said. Six months ago, if someone would’ve given a contingent offer, they would’ve gotten laughed at,” Davidson said.

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Mortgage Sellers Contracts Buyers 403

Housing Wire

JANUARY 6, 2023

As a mortgage banker who does business solely in New Jersey, Gallo expects to see home equity loans and mortgage loans getting love in the new year — due primarily to the lack of inventory in his market and the equity built up in owners’ homes. Connie Kim: Then who are your main referral partners – Realtors?

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Business Loan Officers Clients Inventory 388

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. Top Ranked Realtors: Paige Martin & The Houston Properties Team. I May Need To Sell.

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Housing Market Marketing Real Estate Realtors 68

Housing Wire

APRIL 16, 2021

Single-family housing starts rose 15.3% That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae. Suburban multifamily housing construction is also benefitting from this trend.”

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Inventory Housing Market Marketing Supply Chain 545

Housing Wire

FEBRUARY 13, 2024

We are very bullish on Alabama and its long-term prospects,” Jeremy Walker, CEO of the Alabama Realtors Association , said. “We Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. New construction is backed up,” she said. As of Feb.

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Construction Supply Chain Inventory Agents 378

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. But we have a housing shortage, right? Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months.

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Inventory Housing Market Marketing Modernization 503