Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

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Housing Wire

MAY 6, 2024

Inventory increases aren’t occurring at a super fast pace, but the number of homes on the market across the country keeps expanding. Elevated mortgage rates slow demand so that inventory grows, but in years past, the total sales volume has been restricted by the limited supply. Let’s dig further into the details of the U.S.

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Housing Wire

MAY 31, 2024

Large institutional investors typically emerged following a raft of defaults and foreclosures stemming from the 2007-08 financial crisis , putting inventory on the market from 2007-09. They don’t have that kind of capital,” he said, adding that Blackstone Group owns roughly 0.05% of single-family homes in the U.S.

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Housing Wire

FEBRUARY 26, 2024

Inventory is rising across the country as home-buying affordability takes another hit. As demand slows, inventory grows. As a result, inventory is higher and future sales price indicators are also softer than they were a year ago. Home prices aren’t falling but the growth signals are definitely softening.

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Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” From a seller’s standpoint it may make a bit more sense to sell now, so we are creating some more inventory and buyer are taking advantage of lower rates and more stable home prices.” Last year was a tough one for the Indiana real estate market.

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Housing Wire

JANUARY 23, 2024

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. 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. Will we get more inventory? The strategy has changed for buyers.

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Housing Wire

FEBRUARY 12, 2024

Each week — for several months now — inventory levels of unsold homes on the market has been expanding compared to last year. Even as inventory declined this week, it’s relatively growing compared to a year ago. This week, inventory fell by half a percent. That leaves 52,000 new listings unsold to add to inventory.

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Housing Wire

JANUARY 29, 2024

I think this trend is durable, but it’s definitely not a guarantee. I suspect if that happens we’ll see even more demand, with a strong pickup in home sales volume coupled with falling inventory levels, and a return to rising home prices. That’s the active inventory across the country.

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Housing Wire

MARCH 29, 2024

We definitely noticed a downturn last year, which coincided with interest rates going up, and buyers just put the brakes on things and wanted to wait to see what was going to happen. I feel like the market we are in, from an inventory standpoint, feels similar to last year.” Buyers are still buying and sellers are still selling.

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Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues. All about the rates.

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Housing Wire

AUGUST 1, 2023

or 8% range, then there is definitely downside risk for home prices. In the light red line of the chart, you can see how the seasonal discounting definitely accelerated in 2022. Inventory As a result, the seasonal inventory build is slow and on a normal cycle. Inventory growth seems to have a few more weeks to go.

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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.

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Housing Wire

MARCH 26, 2024

In addition, any reprieve in the housing inventory shortage created by more multifamily units hitting the market is expected to be short-lived. And even though we expect to see a large delivery of multifamily units over the next few years, this will not resolve the broader lack of inventory that we see across the country.”

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Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. If I were a builder right now, I’d build as many houses as I could, because there is a lack of inventory, they’re pretty much the only sellers,” Roberts said.

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Housing Wire

OCTOBER 21, 2022

Phoenix has arguably been one of the hottest housing markets in the country over the past two years, but as mortgage rates have climbed, demand has cooled and inventory has risen dramatically. There are definitely a lot more price reductions,” she said. “I

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Housing Wire

DECEMBER 11, 2023

We are definitely seeing an uptick in demand. Demand for approvals has definitely increased, but homebuyers are waiting to see if they will drop just as fast as they have come down recently, said Robby Oakes, managing director at CIMG Residential Mortgage. Fannie Mae has a more conservative outlook expecting rates to average 7.3%

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Housing Wire

MAY 17, 2023

Catching the headwinds Brandon Lwowski , director of research at HouseCanary , a proptech firm that provides institutional investors, lenders and other clients with residential real estate analysis, said the 2021-2022 time frame was an “optimal market for flippers” because of strong home-price appreciation, tight home inventory and “huge demand.”

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Housing Wire

NOVEMBER 6, 2020

Inventory is too low, people need to decide to sell their houses,” Buchbinder told HousingWire. Buchbinder said that because of the lack of inventory, she thinks that some buyers feel like they’ve lost out on an opportunity to buy the perfect home. But the amount of buyers still definitely outweigh the listings that are out there.

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Housing Wire

JANUARY 5, 2021

Over the past few decades, the inventory of affordable homes has been in sharp decline while home prices have risen dramatically. But once the definition of manufactured homes was clarified, and they were shown images or video of what these homes look like, their interest increased by 31%.

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Housing Wire

OCTOBER 5, 2023

Those with children are driving listing inventory today followed by empty nesters and singles,” said Tom Gamble, co-founder and CEO of TKI. By studying the various profiles, we can see who’s driving listing inventory. Real estate has returned to a lifestyle-driven market. This goes far beyond mining social media for clues.

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Housing Wire

MAY 22, 2024

I think we’ve already done more purchases this year than we did last year, so it’s definitely becoming a big part of the business,” she said. The inventory is so low, so people are wanting to figure out how they can move into a home.” The awareness we’re driving around H4P has just made people more curious.

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Hank Miller Team

APRIL 6, 2022

It's time to answer the nagging question…did housing inventory in Atlanta increase during the first quarter of 2022? No visible increase in inventory over the first quarter of 2022, if fact we're at a low point right now. The difference now is rising rates and even less inventory.

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Housing Wire

SEPTEMBER 12, 2023

Inventory is very low and just inching up now week over week late in the summer. Inventory up slightly There are now just over 509,000 single-family homes active unsold on the market. Last year inventory was about to start climbing again with that autumn spike in mortgage rates. This week continues that trend.

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Housing Wire

OCTOBER 16, 2023

Based on the cautious messages from even the hawkish Fed members, Fratantoni projected that the central bank will “definitely not be going to hike in November, a small chance that they would come back in December if these numbers turn around.” 2023 is going to be the low-volume (mortgage origination volume) year for this cycle.

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Housing Wire

OCTOBER 31, 2023

Finally, RHS recommends revising the definition of “manufactured home” in the regulations to remove references to RHS Thermal Performance standards for direct loans. In 2022, the price for an average manufactured home was $127,250, while the average price of site-built homes was around $413,000,” the letter said.

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Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Interest rates going up definitely cooled the market, but overall, that is not the problem.” economy remains hot.

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Housing Wire

JANUARY 26, 2022

But what if the market conditions include historically low levels of available inventory for sale, and competing for that limited inventory with institutional investors as well as millions of millennial homebuyers? It’s simply a matter of adjusting your investment strategy to optimize current market conditions. million and 1.87

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Housing Wire

DECEMBER 18, 2020

There is currently only one month’s worth of housing inventory in Austin. Little-to-no inventory among such strong demand is artificially raising the median home price right now, 2020 president of the board, Romeo Manzanilla, told HousingWire. Additionally, residential sales increased by 28.8% and sales dollar volume soared 47.2%

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Housing Wire

OCTOBER 21, 2021

“There’s definitely still a lot of regular home buyers who have been living and working here in Vermont forever and are just being kind of edged out of the market because of people coming from out of state with more cash to spend,” Kavenaugh said. Exacerbating the issue of soaring demand is an incredibly low level of inventory. “At

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Housing Wire

JULY 26, 2023

Tight inventory and soaring home prices have pushed more homebuyers to more affordable areas in California. It is definitely a lot more difficult now than it has been in the past,” Paul Scalone, a San Diego-based Compass agent and the owner of Dignified Insurance Services told Han. The result? If homeowners can get them at all. “It

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Housing Wire

MAY 21, 2024

Research local market trends Stay informed about local market trends, such as inventory levels, demand, and median home prices. Comparables can help agents assess current market trends, and make informed decisions when it comes to a fair offer price.

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Housing Wire

DECEMBER 28, 2023

Coming off of the pandemic banner years, thinning origination volume, low inventory and soaring home prices made business much harder to come by for LOs in 2023. The inventory puts a cap on how much business we can do. The lack of inventory led to rising home prices, creating multiple-offer situations in some parts of the country.

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Housing Wire

DECEMBER 19, 2022

Also helping buyers is an increase in housing inventory, Ridenour Lindsey said. “It It is hard to tell if more homes are being listed or if things are just sitting a bit longer, but there is definitely more inventory,” she said. Ward said this slowdown has led to an increase in housing inventory. We have about 2.6

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Housing Wire

NOVEMBER 12, 2020

months’ worth of inventory, down 53.5% Because inventory is so low, Bond said she’s been encouraging her clients to sell sooner rather than later. “My I think people are definitely upsizing for that reason, so that they can spread out when everybody’s at home working and doing school remotely,” Vreeland-Abell said.

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Housing Wire

NOVEMBER 18, 2020

Real estate agents across the country have made it clear – low inventory and low mortgage rates have kept them busy throughout the pandemic, especially in typical vacation destinations. As the Hawaii housing market continues to soar, housing inventory remains low. year over year on the big island, Hawaii.

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Housing Wire

DECEMBER 21, 2021

In fact, despite existing 1,400 miles north of the contiguous 48 states, Anchorage faces high-demand, decreased inventory and even a lack of space to build, issues familiar to many mid-sized American cities amid the Covid-19 pandemic. . Inventory is at an all-time low and demand is extremely high so we are still seeing bidding wars.

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Housing Wire

JULY 13, 2022

A sharp uptick in mortgage rates has sapped buyer demand, and purchase volume continues to fall despite rising inventory. “Monetary policy tightening is definitely curtailing demand for housing, but we won’t see the ‘inflation benefit’ for a while to come,” said Mark Flemming, First American Financial ‘s chief economist.

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