Appraisal Buzz

AUGUST 10, 2022

homes that were listed for 30 days or longer without going under contract increased 12.5% of for-sale homes were on the market for at least 30 days, up from … The post ‘Stale’ Housing Inventory Rises in July appeared first on DSNews. The post ‘Stale’ Housing Inventory Rises in July appeared first on Appraisal Buzz.

Inventory 195

Inventory Brokerage Contracts Real Estate 195

Housing Wire

DECEMBER 2, 2021

Zillow said Thursday that more than 50% of its remaining iBuying inventory “has sold, is under contract to sell or has reached agreement on disposition terms.”. The over 50% inventory being moved is more than half of the 18,000 number, a company spokesperson said Thursday. billion as of Sept.

Inventory 431

Inventory Real Estate Agent Investors Market Value 431

Housing Wire

MARCH 28, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Ongoing job gains are clearly increasing demand along with more inventory.” from January to February due to steadily growing inventory. Overall, active inventory grew 14.8% higher than one year ago. higher than one year ago.

Inventory 458

Inventory Realtors Contracts Sellers 458

Housing Wire

APRIL 14, 2021

from the week ending April 2, with rising mortgage rates and low inventory contributing to the slowdown and leading to a decline in purchase mortgage activity, said Joel Kan, MBA’s associate vice president of economic and industry forecasting. It’s the sixth consecutive week of falling mortgage applications. Applications were down 3.7%

Inventory 286

Inventory Mortgage Contracts 286

Housing Wire

OCTOBER 26, 2023

Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement. Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” Year over year, all four regions saw declining transactions.

Inventory 407

Inventory Contracts Housing Market Realtors 407

Housing Wire

AUGUST 30, 2023

An index of 100 is equal to the level of contract activity in 2001. “The small gain in contract signings shows the potential for further increases in light of the fact that many people have lost out on multiple home buying offers,” said NAR Chief Economist Lawrence Yun.

Inventory 421

Inventory Contracts Buyers Realtors 421

Housing Wire

FEBRUARY 29, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Meanwhile, new home sales , which are also a measure of contract signings, reached a seasonally adjusted annual rate of 661,000 in January, up 1.5% Overall active inventory improved 7.9% from December’s annualized rate.

Contracts 428

Contracts Inventory Realtors New Listings 428

Appraisal Buzz

OCTOBER 28, 2021

Month-over-month, contract signings fell 2.3% The post Inventory Begins to Fall as 2021 Comes to a Close appeared first on DSNews. The post Inventory Begins to Fall as 2021 Comes to a Close appeared first on Appraisal Buzz.

Inventory 150

Inventory Contracts Appraisal 150

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. The Northeast was the only region to see a decline in contract signings, with a drop of 3% month over month and 3.9%

Contracts 458

Contracts Housing Market Construction Inventory 458

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. in 2022.

Inventory 421

Inventory Renovations Contracts Buyers 421

Housing Wire

NOVEMBER 21, 2023

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. On the bright side, housing inventory rose 1.8% lower than October 2022 when inventory was at 1.22 Meanwhile, unsold inventory sat at a 3.6-month

Inventory 409

Inventory Realtors New Listings Contracts 409

Inman

FEBRUARY 5, 2024

percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary. Despite a rise in total inventory compared to 2022 and 2023, the market is still behind historical inventory averages as sellers avoid entering a higher rate environment.

New Listings 170

New Listings Contracts Inventory Real Estate 170

Housing Wire

MAY 25, 2023

“Elevated mortgage rates and economic uncertainty, along with still-low inventory, means that new pending sales were down more than 20% from a year ago, and were lower even compared to 2019 levels.” An index of 100 is equal to the level of contract activity in 2001. Regionally, the Midwest (78.4), South (99.6), and West (62.2)

Inventory 383

Inventory Housing Market Contracts Government 383

Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. 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 NAR’s Pending Home Sales Index fell to a reading of 76.5

Contracts 365

Contracts Inventory Housing Market Realtors 365

Housing Wire

MARCH 31, 2021

Record-low inventory is pushing home-price growth at double the rate from a year ago, and even above the 10% growth rates seen in 2005,” Kan said. “The housing market is in desperate need of more inventory to cool price growth and preserve affordability. The FHA share of total mortgage applications decreased to 11.3%

Mortgage 432

Mortgage Contracts Inventory Lending 432

Housing Wire

JUNE 2, 2021

Tight housing inventory, obstacles to a faster rate of new construction, and rapidly rising home prices continue to hold back purchase activity,” Kan said. This week’s data was compared to mortgage applications from the week of Memorial Day in 2020.

Mortgage 543

Mortgage Contracts Inventory Construction 543

Housing Wire

JANUARY 23, 2024

With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. Well into January, we are already seeing properties go under contract in the first weekend with multiple offers. Will we get more inventory? The strategy has changed for buyers.

Real Estate Agent 449

Real Estate Agent Real Estate Buyers Agents 449

Housing Wire

DECEMBER 23, 2022

New home sales data last month was much stronger than had been anticipated; the market had expected a contraction of 4.7% Since July, about 10,000 contracts have been canceled each month, according to data from John Burns Consulting. Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. in November.

Contracts 383

Contracts Inventory Housing Market Development 383

Housing Wire

JULY 14, 2021

“We continue to see ebbs and flows as housing demand remains strong, but for-sale inventory remains low,” he said. Overall inventory is still low, of course, but a cooling of the market could lead to more would-be buyers and an increase in mortgage applications soon, experts said. from 61.6% the previous week.

Mortgage 515

Mortgage Contracts Inventory Investors 515

Appraisal Buzz

MARCH 28, 2024

Month-over-month, contract signings climbed in the Midwest and South but sank in the Northeast and West. Ongoing job gains are clearly increasing demand along with more inventory.” There will be a steady rise in inventory from recent growth in home building,” Yun adds. Pending home sales increased 1.6% in the Midwest and 1.1%

Inventory 195

Inventory Housing Market Contracts Realtors 195

Housing Wire

FEBRUARY 15, 2024

billion in inventory. billion in inventory. “We We intentionally slowed our home acquisitions beginning in the second half of 2022, prioritizing risk management and inventory health,” said Christy Schwartz, Opendoor’s interim chief financial officer. This resulted in lower sales volumes in 2023 versus the prior year.”

Business 396

Business Advertising Inventory Contracts 396

Housing Wire

MARCH 24, 2021

Inadequate housing inventory continues to put upward pressure on home prices,” Kan said. The dip in applications is linked to broader trends in the housing market: more than a year of low inventory is forcing interested buyers to snag whatever they can get their hands on, even if it’s overpriced.

Mortgage 479

Mortgage Contracts Inventory Buyers 479

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. Increased inventory of homes for sale, near historic low mortgage rates and favorable demographics means more housing demand, ” Odeta Kushi, the First American deputy chief economist said in a statement. rose 8% month-over-month from July to August, though the figure was still 8.3%

Contracts 416

Contracts Inventory Housing Market Marketing 416

Housing Wire

SEPTEMBER 20, 2023

Home prices in many markets have been supported by low inventory and resilient housing demand for available homes,” Kan added. As homebuyers continue to face higher rates and limited for-sale inventory, purchase conditions are becoming more challenging for buyers. The refinance share of mortgage activity increased to 31.6%

Mortgage 446

Mortgage Inventory Contracts Buyers 446

Housing Wire

APRIL 28, 2021

Mortgage applications decreased despite mortgage rates falling for the third week in a row, indicating high prices and low inventory, said Joel Kan, MBA associate vice president of economic and industry forecasting. Following an almost 9% jump in mortgage applications last week , the Mortgage Bankers Association reported a 2.5%

Mortgage 458

Mortgage Contracts Inventory Marketing 458

Housing Wire

OCTOBER 31, 2023

In August, pending home sales , existing home sales and new home sales all fell compared to the previous month, as mortgage rates climbed and inventory remained scarce. The Case-Shiller index measures repeat sales data and reflects a three-month moving average, meaning that the August data includes homes that went into contract in June.

Inventory 479

Inventory Housing Market Contracts Realtors 479

Housing Wire

FEBRUARY 8, 2023

Because home prices remain high, inventory is low and first-time homebuyers are largely shut out of the market, the average loan size last week checked in at $428,500, the highest level since May 2022. Overall, the refinance share of activity was 33.9% last week, up from 31.2%. from 12.0% from 11.9% from 12.0% from 11.9%

Mortgage 370

Mortgage Contracts Inventory Marketing 370

Housing Wire

MAY 12, 2021

“Most markets this spring continue to see robust demand, but activity continues to be constrained by insufficient inventory levels, as well as homebuilder challenges related to the ongoing shortages and price increases for building materials ,” he said. The refinance share of activity increased to 61.3%

Mortgage 441

Mortgage Contracts Inventory Marketing 441

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. year over year in 2023 to 670,000 homes due to higher new home inventory than existing home inventory. year over year.

Inventory 430

Inventory Realtors Contracts Construction 430

Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% Although inventory has increased from February of last year, the number of homes available for sale is just half of what it was three years ago. In-contract deals rose 0.7% from February 2022. decline from a year ago.

Contracts 305

Contracts Realtors Home Value Housing Market 305

Housing Wire

APRIL 15, 2024

Higher mortgage rates have forced available inventory to climb all year. Housing inventory There are now 526,000 single-family homes active unsold on the market. jump in unsold inventory in a week is very notable. As mortgage rates rise, inventory rises. Or, to put it another way: demand slows, inventory grows.

Inventory 428

Inventory Mortgage New Listings Sellers 428

Housing Wire

AUGUST 4, 2021

“Refinance application volume slightly decreased following an 11% jump last week, and purchase application volume decreased again, reflecting the ongoing lack of inventory that continues to drive rapid home-price appreciation across the country.” from 67.5% the previous week. for 80% LTV loans. for 80% LTV loans.

Contracts 479

Contracts Mortgage Inventory Marketing 479

Housing Wire

AUGUST 12, 2020

While this was still positive news for the purchase market, the gradual slowdown in the improvement in the job market and tight housing inventory remain a concern for the coming months, even as low mortgage rates continue to provide support.”. The average contract interest rate for 15-year fixed-rate mortgages fell to 2.67% from 2.73%.

Mortgage 545

Mortgage Contracts Inventory Marketing 545

Housing Wire

OCTOBER 28, 2020

Furthermore, housing inventory shortages have pushed national home prices considerably higher on an annual basis,” Kan said. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) fell to 3% from 3.02%. On a seasonally adjusted basis, applications for purchases rose 0.2%

Mortgage 517

Mortgage Contracts Government Inventory 517

Housing Wire

JANUARY 12, 2022

However, the strength in growth will be dependent on housing inventory growing more rapidly to meet demand,” said Kan. Here is a more detailed breakdown of this week’s mortgage applications data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 3.52% from 3.33%.

Mortgage 441

Mortgage Contracts Inventory 441

Housing Wire

AUGUST 3, 2023

. “As of quarter end, 99% of the homes we made offers on between March and June of last year were sold or under resale contract and our new book of inventory is generating positive unit economics in what continues to be an uncertain time in the U.S. Meanwhile, Opendoor’s inventory balance reached $1.1

Inventory 366

Inventory Contracts Sellers Housing Market 366

Housing Wire

APRIL 7, 2021

As has been the case for several weeks now, rising mortgage rates and low inventory are contributing to the slowdown in mortgage applications, said Joel Kan, MBA’s associate vice president of economic and industry forecasting. Refinance mortgage applications declined for the fifth straight week.

Mortgage 367

Mortgage Contracts Inventory Buyers 367