Remove Construction Remove Housing Market Remove Realtors Remove Sellers
article thumbnail

Pending home sales fall 38% in November

Housing Wire

according to data released last Wednesday by the National Association of Realtors. Falling home sales and construction have hurt broader economic activity.”. Yet, mortgage applications point to a thawing, but still cold, housing market as mortgage rates come down.”. On a month over month basis, all four of the major U.S.

Contracts 493
article thumbnail

NAR’s Lawrence Yun predicts lower rates, 15% jump in existing-home sales in 2024

Housing Wire

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can first-time homebuyers afford homes today?

Housing Wire

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

Realtors 423
article thumbnail

Here are 4 macro trends impacting the 2022 housing market

Housing Wire

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business. What are the drivers of housing demand in 2022? 5 predictions for the 2022 housing market.

article thumbnail

Three yards and a cloud of dust

Housing Wire

Another issue is home sellers’ bias against buyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers.

Sellers 280
article thumbnail

Keeping Current Matters hires George Ratiu as chief economist

Housing Wire

economy and real estate markets, having worked at the National Association of Realtors and Move, Inc. before joining Realtor.com in 2021 where he led a team covering broader economic trends, housing activity and consumer issues. Speaking about the housing market, Ratiu cautioned that housing markets are constantly evolving.

article thumbnail

Homes in Boise, Idaho are “flying off the market”

Housing Wire

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 They bid $750,000 and again at $775,000, which the seller said would work. Boise, Idaho was the No.

Marketing 531