Housing Wire

APRIL 30, 2021

But the Scottsdale housing market, and Arizona as a whole, has seen an enormous uptick in out-of-state movers in the past 14 months — when the COVID-19 pandemic began spreading across the country, ultimately allowing people to work from home and seek larger, more cost-effective lots to live on. “COVID just accelerated everything.”

Housing Market 543

Housing Market Marketing Real Estate Real Estate Agent 543

Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. Mortgage interest rates have risen quickly in the past few months further eroding affordability. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5

Realtors 394

Realtors Housing Market Marketing Buyers 394

Housing Wire

JANUARY 3, 2023

“Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates , which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home,” Lawrence Yun, NAR’s chief economist, said in a statement. On a month over month basis, all four of the major U.S.

Contracts 498

Contracts Housing Market Realtors Construction 498

Housing Wire

NOVEMBER 2, 2022

And with Fed rates expected to rise even further, industry experts and economists don’t expect mortgage rates to stabilize for at least another year. Mortgage rates , which are currently near a 22-year high, declined slightly from last week ahead of the Fed’s sixth rate hike announcement.

Mortgage 407

Mortgage Sellers Contracts Buyers 407

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. of homes that went under contract that month, according to a new report from Redfin. The average interest rate on a 30-year-fixed mortgage was 7.07% in August. That rate is up from 14.3% This price was 2.8%

Buyers 415

Buyers Mortgage New Listings Real Estate Agent 415

Housing Wire

OCTOBER 28, 2022

An index of 100 is equal to the level of contract activity in 2001. Persistent inflation has proven quite harmful to the housing market,” Lawrence Yun, NAR’s chief economist, said in a statement. or lower mortgage rate they locked in at. or lower mortgage rate they locked in at. All four major U.S.

Contracts 523

Contracts New Listings Realtors Housing Market 523

Housing Wire

MARCH 8, 2023

It’s counterintuitive but real: Despite surging mortgage rates , borrowers’ demand for home loans rose last week. There were very low levels of mortgage applications in the weeks prior to the surprising uptick. In addition, loan officers said that investors took advantage of a slower market. from the week prior.

Mortgage 377

Mortgage Loan Officers Investors Government 377

Housing Wire

MAY 1, 2024

In a hostile housing market and a noisy industry environment, why is Zillow outperforming?” During the first quarter of 2024, Zillow recorded revenue growth across all sectors of its business, including a 31% annual jump in its rentals revenue to $97 million and a 19% year-over-year increase in its mortgage revenue to $31 million.

Agents 374

Agents Real Estate Contracts Real Estate Agent 374

Housing Wire

MARCH 28, 2024

Pending home sales increased modestly in February despite rising mortgage rates , growing 1.6% For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. in February, up from 74.3 in January.

Inventory 449

Inventory Realtors Contracts Sellers 449

Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022.

Inventory 540

Inventory Housing Market New Listings Marketing 540

Housing Wire

NOVEMBER 23, 2022

Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. It’s a terrible time for homebuyers.

Buyers 473

Buyers Marketing Sellers Loan Officers 473

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

Mortgage 380

Mortgage Loan Officers Government Buyers 380

Listing Spark

JUNE 21, 2022

Unless you’ve been living underneath a rock, you have likely heard talks of a housing market bubble that could burst at any moment. So, if you’re thinking of selling a home in 2022, here are a few tips to help you get started and navigate the housing market successfully. Hey, real estate fans! in the month of March.

Sellers 69

Sellers Housing Market Marketing Inventory 69

Appraisal Buzz

MARCH 28, 2024

Month-over-month, contract signings climbed in the Midwest and South but sank in the Northeast and West. Even though mortgage rates increased in February, the supply of existing homes for sale ticked up as well. Pending home sales increased 1.6% in February compared with January but were down 7.0%

Inventory 195

Inventory Housing Market Contracts Realtors 195

Housing Wire

AUGUST 27, 2020

in July, the third consecutive month of gains, fueled by low mortgage rates and unprecedented demand from consumers. The seasonally-adjusted index measuring signed contracts was up 15.5% The seasonally-adjusted index measuring signed contracts was up 15.5% As states reopen, Yun expects the market to remain hot.

Contracts 485

Contracts Realtors New Listings Real Estate 485

Housing Wire

NOVEMBER 17, 2023

Sellers cut prices or offered concessions to get to the closing table. Meanwhile, about one-third of sellers offered concessions, such as money for repairs, closing costs and/or mortgage-rate buydowns. Major life events, such as mariage, divorce or new jobs brought some buyers back to the market. in October 2022.

Buyers 414

Buyers Sellers Contracts Mortgage 414

Housing Wire

DECEMBER 16, 2022

The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. The market has now faced a contraction in existing-homes sales for nine consecutive months, while home prices and rates rise.

Buyers 478

Buyers Realtors Inventory Sellers 478

Housing Wire

OCTOBER 13, 2022

In the reflection, a mortgage executive sees faint images of the savings and loan crisis of the 1980s and 1990s. The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond.

Mortgage 367

Mortgage Marketing Buyers Sellers 367

Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. from October 2022’s $378,800.

Inventory 403

Inventory Realtors New Listings Contracts 403

Housing Wire

OCTOBER 16, 2023

Zillow research also found that a majority of homeowners with mortgages have locked in a rate below 5%, and are almost half as likely to consider moving. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. Check with your local or state housing agency for a list of programs.

Agents 405

Agents Buyers Sellers Inventory 405

Housing Wire

JUNE 7, 2022

Consumers’ concerns about housing affordability are squeezing would-be homebuyers out of the market, according to Fannie Mae ‘ s Home Purchasing Sentiment Index , which tracks the housing market and consumer confidence to sell or buy a home. The index score dropped by 0.3 points to 68.2

Mortgage 381

Mortgage Housing Market Contracts Construction 381

Housing Wire

APRIL 30, 2021

In today’s booming housing market, sellers have their pick of home offers. Now, more than ever, sellers have a chance to get more money for their homes. And while this is great for sellers, it leaves buyers asking: “How can I stand out in such a competitive market? compared to last year.

Appraisal 421

Appraisal Sellers Buyers Housing Market 421

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. The bearish take is that there are many more sellers than buyers and inventory is rising.

Sellers 488

Sellers Marketing Inventory Contracts 488

Housing Wire

NOVEMBER 28, 2023

Home prices rallied in September, as homebuyers still outnumbered sellers. Mortgage rates climbed over the period, reaching 7.3% The Case-Shiller index measures repeat sales data and reflects a three-month moving average, meaning that it tracks homes that went into contract in July, August and September. Home prices posted a 3.9%

New Listings 367

New Listings Contracts Inventory Sellers 367

Housing Wire

MAY 10, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. In February, NAR in partnership with Realtor.com released The Double Trouble of the Housing Market report. For Asian Americans the rate is 61.7%

Housing Market 435

Housing Market Realtors Buyers Inventory 435

Housing Wire

SEPTEMBER 22, 2022

Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . million in August.”

Inventory 456

Inventory Housing Market New Listings Mortgage 456

Housing Wire

JANUARY 2, 2023

Because most home sales take several months from contract to closing, the data likely includes some deals struck in June and July.). As the Federal Reserve moves interest rates higher, mortgage financing becomes more expensive and housing becomes less affordable,” Lazzara said. to a reading of 315.13. “As

Home Value 390

Home Value Housing Market Contracts Sellers 390

Housing Wire

FEBRUARY 9, 2021

When you go to buy a home , your mortgage lender will almost always order a home appraisal. A homebuyer’s guide to a competitive housing market. Four renovations to consider before selling your house. 5 reasons to refinance your mortgage right now. Your next move would be to renegotiate with the seller.

Appraisal 458

Appraisal Real Estate Agent Sellers Real Estate 458

Appraisal Buzz

DECEMBER 27, 2021

The housing market was hotter than ever last year, with pandemic-driven demand boosting home sales to their highest level in 14 years. There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. of homes are valued lower than the contract price.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Housing Wire

FEBRUARY 12, 2024

There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. Any time inventory rises, you start to see housing crash hyperbole on social media. There were 66,000 new listings this week, of which 14,000 are already in contract. It’s not a ton of sellers.

Sellers 392

Sellers Housing Market Buyers New Listings 392

Housing Wire

SEPTEMBER 28, 2021

In addition, homebuyers are continuing to enjoy low mortgage rates , boosting the demand for homes even higher. The tight market conditions that have fueled the skyrocketing prices are finally showing signs of loosening. Another report on home-price growth by the Federal Housing Finance Agency , also released Tuesday, found a 19.2%

Housing Market 485

Housing Market Finance Contracts Inventory 485

Housing Wire

NOVEMBER 29, 2021

Who is crazy enough to write an American economic recovery model on April 7, 2020, and try to explain to people why housing isn’t going to crash due to demographics, good credit profiles and low mortgage rates? An index of 100 is equal to the level of contract activity in 2001.” in October. From July 14 to Sept.

Inventory 530

Inventory Contracts Training Investors 530

Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned. If it’s denied, buyers can also choose to walk away from the deal.

Inspection 432

Inspection Appraisal Buyers Appraisal Process 432

Will Springer Realtor

OCTOBER 19, 2021

The home is under contact, seller and buyer have agreed to terms. Buyer is financing the purchase through a mortgage lender and the underwriter wishes to confirm the value of the home before issuing the loan. (No No lender will approve a mortgage on a home that is valued less than the agreed sales price.). Yes, “crap!”

Contracts 41

Contracts Appraisal Sellers Real Estate Agent 41

Hank Miller Team

JULY 12, 2023

The first half of the Atlanta 2023 housing market shared many similarities with the first half of the 2022 real estate market. In fact, some market are ahead of those record highs of '22. Clearly it's not the same market, but the interest rate shock seems to be accounted for. Why give up that sweet mortgage rate?

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Housing Wire

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. Housing inventory climbed late in the year as mortgage rates rose.

Sellers 451

Sellers Marketing Inventory Contracts 451

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.

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Housing Market Bracketing Marketing Sellers 65