Housing Wire

NOVEMBER 11, 2023

Total housing inventory growth has been slow in 2023, but with rising mortgage rates over the last few months, inventory has grown a bit faster than average. The question now is: Have we hit the seasonal peak in inventory for 2023? Last year, according to Altos Research , the seasonal peak for housing inventory was Oct.

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Appraisal Buzz

APRIL 11, 2024

But unlike housing markets of the past, this market isn’t being driven by low mortgage rates or low home prices – the current trickle of sales is coming mainly from people who are facing life events that require them to sell their homes and move.

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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. To register for the HW+ event, go here. The relative pressure of supply vs. demand in the housing market is gauged by the level of active inventory.

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Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. million in January down to about 4 million in December, We now have total inventory levels near all-time lows again. The days on market were too low.

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Inventory Housing Market New Listings Marketing 540

Housing Wire

MAY 4, 2023

On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. On the other hand, inventory is still low, and homes are still selling fast, often with multiple offers. All major housing market metrics point to a restrained housing market.

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Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022.

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Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. The event is exclusively for HW+ members , and you can go here to register. But more recently, market conditions have done an about-face.

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Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. The event is exclusively for HW+ members , and you can go here to register. Since the beginning of 2020, inventory levels have been historically low.

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Housing Wire

DECEMBER 7, 2022

For months I have been saying we were going to have challenging comps from October to January because last year at this time mortgage volume was rising — a rare event this late in the year. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels.

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Housing Wire

JULY 26, 2021

In the last few months in my articles for HousingWire, I have written that monthly supply has been rising and that this increasing supply was the most critical metric for the housing market, specifically the new home sales market. months , which puts inventory right back into the range we had in the previous expansion.

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Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. The event is exclusively for HW+ members , and you can go here to register. Inventory What does that mean for housing?

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Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Weekly inventory change (Feb. Weekly inventory change (Feb.

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Housing Market Marketing Inventory New Listings 421

Housing Wire

JUNE 29, 2021

With the July 4th weekend nearly upon us, it’s time to reflect all that we have been through in the past year and how, as a country, we have overcome so many daunting obstacles, including what we have been through in the housing market. with the housing market leading the way. But for every silver lining there is a cloud.

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Housing Wire

JUNE 23, 2021

Census Bureau’s May new home sales report is that sales inventory has increased to 5.1 That begins to change the equation for some homebuilders, who were absolutely thriving in an ultra-low-inventory housing market environment. . As a reminder, when the three-month average for inventory is 4.3 When inventory is 6.5

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Housing Wire

JUNE 7, 2021

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. The previous economic expansion from 2008 to 2019 was the weakest housing recovery ever. Because that period followed a housing boom and bust when inventory was overbuilt.

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Housing Wire

MAY 2, 2023

The housing market functions differently than other markets because it can be characterized as a heterogeneous, thinly traded, illiquid market. In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. The result is fewer sales.

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Housing Market Marketing Sellers Inventory 372

Housing Wire

MAY 21, 2021

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. housing market for 2020 to 2024 is that home prices could escalate to an unhealthy level. Exclusive access to the HW+ Slack community and virtual events. My biggest fear for the U.S.

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Housing Market Marketing Inventory Realtors 541

Housing Wire

OCTOBER 29, 2021

The housing market continues to be hot in most of the country, but there are signs that the party may be coming to an end. This is still my most significant concern for 2022 because total inventory levels haven’t reached my 1.52 Exclusive access to the HW+ Slack community and virtual events. Become a member today.

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Housing Wire

MAY 5, 2022

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. To register for the HW+ event, go here. Demographics still point towards a market with strong demand – the largest cohort of millennials, the largest generation in U.S.

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Housing Wire

MAY 20, 2021

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 market. There is tight inventory, prices soaring, and multiple bids on everything.”

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Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy.

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Housing Wire

JULY 29, 2022

A few months ago, the United States housing market failed Econ 101. The table also reports the year-over-year percent change in new listings for each market. The table also reports the year-over-year percent change in new listings for each market. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%

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Housing Wire

MAY 3, 2022

HousingWire: How are existing home sales trends and inventory affecting the housing market right now? Logan Mohtashami: Existing home sales look about right to me this year; this was the pre 5% housing market. Inventory is very seasonal. million; this will make the housing much saner.

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Housing Wire

APRIL 15, 2021

HousingWire’s fourth-annual Engage Marketing event will feature experts focused on the specifics of mortgage and real estate in a purchase market. The MBA is estimating record purchase volume for the rest of this year, but climbing mortgage rates and low inventory mean it won’t be easy to capture your share of business.

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Housing Wire

APRIL 22, 2021

For the housing market, the COVID crisis started in earnest the week of March 23, as that is the last week we saw positive year-over-year data in 2020 before COVID-19 really took us for a ride. housing market has been that home prices could escalate to an unhealthy level in the years 2020-2024. year over year.

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Housing Market Marketing Realtors Inventory 538

Housing Wire

JUNE 22, 2021

These are the words real estate agents use when asked to describe the current state of the market and what it’s like to buy a home today. Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. Lack of inventory. We don’t have any inventory.

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Housing Wire

MARCH 19, 2023

The housing market was crazy again last week. Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Weekly inventory increased by 1,734.

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Housing Market Marketing Inventory New Listings 378

Housing Wire

DECEMBER 2, 2020

For-sale inventory is at record lows. Construction is starting to pick up, so that should help alleviate things in the housing market. Given recent events, they’re not sure about the future of their jobs, their children’s school arrangements, or their health, so making a big change like moving? But existing homes?

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Housing Market Sellers Marketing Renovations 457

Housing Wire

APRIL 7, 2021

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. Specifically, housing markets like Portland, Maine , Bay City, Mich. markets; by December 2020, prices were already up 23.6%

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Housing Wire

MAY 27, 2021

But today’s housing market has forced him to pivot to remain successful. This market is like nothing we’ve ever seen,” he said. “In In certain neighborhoods, such as Coconut Grove and Coral Gables, we’re at 25-year lows in inventory, with buyer demand I’ve never experienced.”. The house sold for $1.5 By 10 a.m.,

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Housing Wire

MARCH 28, 2022

Tune in for our next event with Mohtashami happening April 6th at 12 CT in the #articlediscussion channel. Logan Mohtashami: One of the things about my work is that I never revise my forecast every month like some economists do because I tend to forecast ranges in data rather than adjust the estimates based on an event.

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Housing Wire

SEPTEMBER 27, 2023

in events to garner business. Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. Roughly 47.4% are optimistic.

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Housing Wire

SEPTEMBER 30, 2021

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. Kansas City, Missouri. Become a member today.

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Housing Market Marketing Real Estate Agent Loan Officers 351

Housing Wire

APRIL 19, 2021

A recent article published by CNBC showed that internet searches for the term “housing crash” had gone up 2,450% in the past month. A lot of folks are concerned about a housing market crash. The post The housing market won’t crash in 2021. The post The housing market won’t crash in 2021.

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Housing Wire

DECEMBER 10, 2020

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Housing inventory in the Des Moines housing market is tight. Presented by: MCS .

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Housing Wire

DECEMBER 29, 2021

A bullish housing market. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been. The excellent.

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Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Plus, available housing inventory remains near historic lows.”

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