Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. In an interview today with Yahoo Finance , I discussed how home prices are still rising this year. All four U.S.

Inventory 474

Inventory Housing Market New Listings Buyers 474

Housing Wire

MAY 21, 2024

This policy will be a problem for veterans looking to use their VA loan benefit under the terms of the National Association of Realtors’ (NAR) commission lawsuit settlement agreement. In a statement issued on Tuesday, the MBA said that it welcomes this move from the VA. “As NAR did not return a request for comment.

Buyers 513

Buyers Agents Real Estate Agent Real Estate 513

Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

Realtors 408

Realtors Buyers Inventory Investors 408

Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. Prospective homebuyers have been shut out of the market by a lack of inventory. Compared to a month ago, housing inventory was down 11.5% In 2023, 4.09

Inventory 418

Inventory Realtors Housing Market Construction 418

Housing Wire

FEBRUARY 7, 2024

After closing out 2023 with its first annual membership decline since 2012, the National Association of Realtors is still struggling with its membership count. January marked the third consecutive month of membership declines for NAR and the month’s Realtor count marks the lowest level since May 2021. This is down 2.1% This is down 2.1%

Realtors 397

Realtors Agents Brokerage Inventory 397

Appraisal Buzz

JUNE 14, 2024

In a landscape marked by limited turnkey housing inventory, significant affordability issues, and relentless competition from cash-rich investors, homebuyers need more than plain vanilla home loans. This represents a competitive challenge for buyers relying on financing.

Marketing 221

Marketing Renovations Construction Finance 221

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. Then, we have all the traditional financing options, including jumbo.”

Mortgage 463

Mortgage Real Estate Agent Renovations Finance 463

Housing Wire

NOVEMBER 30, 2023

in October on a month-over-month basis, according to data released Thursday by the National Association of Realtors (NAR). Existing-home sales and housing inventory will increase next year, and home prices will remain stable, said Lisa Sturtevant, the MLS’s chief economist. down from 72.6 in September.

Housing Market 447

Housing Market Inventory Realtors Construction 447

Housing Wire

DECEMBER 20, 2023

million, according to the National Association of Realtors. Housing inventory fell 1.7% Meanwhile, unsold inventory sat at a 3.5-month Sales were subdued in 2023 because of high mortgage rates and a lack of inventory Overall, Lisa Sturtevant, chief economist at Bright MLS, expects to see 4.1 Existing-home sales grew 0.8%

Inventory 368

Inventory Housing Market Realtors Buyers 368

Housing Wire

OCTOBER 26, 2023

in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” Pending home sales ticked up 1.1% in September. increase in September.

Inventory 358

Inventory Contracts Housing Market Realtors 358

Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. Prospective home buyers experienced another difficult month due to the persistent lack of housing inventory and the highest mortgage rates in a generation,” NAR Chief Economist Lawrence Yun said in a statement. On the bright side, housing inventory rose 1.8%

Inventory 380

Inventory Realtors New Listings Contracts 380

Housing Wire

APRIL 20, 2023

monthly increase in February , breaking a year long streak of declines, existing home sales were back down again in March, according to a report from the National Association of Realtors (NAR), released Thursday. At the end of March, NAR reported that the inventory of unsold existing homes was up to 980,000, an increase of 1.0%

Inventory 346

Inventory Housing Market Realtors Mortgage 346

Housing Wire

NOVEMBER 15, 2023

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). He also expects more sellers to enter the market, as they adapt to prolonged higher rates.

Real Estate 450

Real Estate Inventory Sellers Realtors 450

Housing Wire

APRIL 19, 2024

from February to March, according to a report released Friday by the Pennsylvania Association of Realtors (PAR). Data released Thursday by the National Association of Realtors (NAR) revealed a 4.3% year over year, and the core counties of the Pittsburgh and Philadelphia metro areas were the only places where inventory rose.

Realtors 302

Realtors Inventory Real Estate Sellers 302

Housing Wire

AUGUST 6, 2020

This is because cheaper financing lowers monthly mortgage bills, which are compared to income to qualify applicants. In June, the inventory of homes on the market fell to a four-month supply, according to the National Association of Realtors. A year ago, the number was 4.3

Mortgage 506

Mortgage Inventory Buyers Housing Market 506

Housing Wire

NOVEMBER 30, 2023

Homebuyer traffic will increase in 2024, fueled by lower mortgage rates and more existing-home inventory. Existing-home inventory will grow to 1.3 Home prices should remain stable in many markets as the uptick in inventory will be offset by more buyers jumping into the market. for much of the year before reaching 6.2%

Buyers 434

Buyers Housing Market Sellers Inventory 434

Housing Wire

FEBRUARY 10, 2023

Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire. So more realtors in the area have started working with us. The suburbs had a significant lack of inventory, and even the urban areas, there just wasn’t a lot of deals going on.

Marketing 351

Marketing Inventory Loan Officers Buyers 351

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. in September year over year to $394,300, according to the National Association of Realtors. During the first week of June, mortgage rates were at 6.79%.

Inventory 441

Inventory Housing Market Contracts Realtors 441

Housing Wire

FEBRUARY 20, 2024

According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% But it fell slightly from 2021 (65.4%) due to higher mortgage rates and inventory constraints. The overall U.S.

Buyers 382

Buyers Inventory Realtors Mortgage 382

Housing Wire

OCTOBER 26, 2023

“Purchase activity has slowed to a virtual standstill, affordability remains a significant hurdle for many and the only way to address it is lower rates and greater inventory.” The National Association of Realtors (NAR) also forecasts that existing-home sales will drop by 17.5% in 2023, reaching an annualized rate of 4.15

Mortgage 412

Mortgage Inventory Housing Market Realtors 412

Housing Wire

NOVEMBER 13, 2023

Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers. Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. Meanwhile, in September, one-third of U.S.

Real Estate Agent 353

Real Estate Agent Real Estate Agents Sellers 353

Housing Wire

MARCH 15, 2024

You may see buyers’ agents still be relevant, but LOs need to find vehicles to educate their buyers’ agents, educating them on how to use seller concessions, for example, to finance buyer-paid broker fees.” VanFossen said there are talks about the “mortgage industry figuring out methods to finance the buyers’ real estate agent commission.” “As

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Eppraisal

AUGUST 25, 2023

However, two significant hurdles that are currently prevalent are the combination of low housing inventory and high-interest rates. Get Your Finances in Order Before diving into the house hunt, ensure your financial foundation is solid. Determine what features and characteristics are non-negotiable for your new home.

Inventory 69

Inventory Real Estate Buyers Renovations 69

Housing Wire

OCTOBER 18, 2023

Purchase applications were 21% lower than the same week last year, as homebuying activity continues to pull back given reduced purchasing power from higher rates and the ongoing lack of available inventory.” Meanwhile, the ARM share was 9.3%, 0.1 basis point higher than last week and the highest share in 11 months.

Mortgage 420

Mortgage Realtors Inventory Marketing 420

Housing Wire

JANUARY 3, 2024

When looking at the challenges the first quarter of the year will pose agents, the most popular response was “low inventory,” followed by “getting listings” and “interest rates and inflation.” Realtors & NAR have always had the client’s best interest. Despite this, others expressed their support of NAR in their responses.

Agents 336

Agents Realtors Clients Real Estate Agent 336

Housing Wire

SEPTEMBER 8, 2022

This can lead to home prices getting out of control , especially when total inventory gets to all-time lows. The National Association of Realtors’ total Inventory data shows that historically we have between 2 to 2.5 million homes for sale, but in 2022 we got as low as 870,000 in total inventory.

Inventory 543

Inventory Law Housing Market Design 543

Housing Wire

MARCH 29, 2023

regions, but declined in the West, according to the National Association of Realtors. 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. Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1%

Contracts 284

Contracts Realtors Home Value Housing Market 284

Housing Wire

JANUARY 5, 2024

The National Association of Realtors saw its membership numbers drop 1.11% during the last month of the year, as 17,489 former members let their membership lapse. The first is the overall decline in the housing market due to the volatile mortgage rate environment, low inventory and overall economic uncertainty. 31, 2022, and Dec.

Agents 380

Agents Realtors Inventory Housing Market 380

Housing Wire

NOVEMBER 4, 2022

The National Association of Realtors (NAR) released a report on Friday that found 88% of all first-time homebuyers in the U.S. Lautz said she is not surprised by the record -ow number of first-time buyers, attributing the reasons to housing affordability, high home prices, rising interest rates and lack of home inventory.

Buyers 342

Buyers Sellers Real Estate Agent Real Estate 342

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. The average of expectations from Fannie Mae , Redfin , the National Association of Realtors (NAR), the Mortgage Bankers Association (MBA) and Wells Fargo were: Q1: 7.28% Q2: 6.9%

Inventory 457

Inventory Construction Mortgage Buyers 457

Housing Wire

FEBRUARY 28, 2023

year over year in 2022, according to data from the National Association of Realtors , home prices still managed to rise 5.8% Lisa Sturtevant, Bright MLS’ chief economist, noted, however, that persistent low inventory conditions are keeping prices elevated in many markets. However, even as existing home sales fell 17.8%

Inventory 366

Inventory Housing Market Contracts Realtors 366

Housing Wire

SEPTEMBER 22, 2022

Where ‘inventory’ was the big concern in 2021 and early 2022, the concern today is ‘affordability,’ with the combination of substantial price increases and rising rates simply pricing more and more Americans out of the market,” Green said. to a seasonally adjusted annual rate of 4.8 Existing home sales are down 19.9%

Mortgage 402

Mortgage Loan Officers Buyers Inventory 402

Housing Wire

SEPTEMBER 7, 2023

Attorneys, Realtors and clients are a big part of our repeat business.” If the traditional practice of sellers paying for both sides of the agents ends, housing agencies will have to weigh in to determine ways for buyers to finance their agents’ comp, LOs noted. Anywhere Real Estate just settled two of the cases for a total of $83.5

Buyers 375

Buyers Agents Loan Officers Real Estate 375

Housing Wire

SEPTEMBER 28, 2023

in August, according to data released Thursday by the National Association of Realtors (NAR). Realtor.com Senior Economic Research Analyst Hannah Jones said that the early fall market benefits from “a build up in inventory left over from the summer as buyer demand fades, as well as below-peak prices.” All four regions of the U.S.

Housing Market 418

Housing Market Contracts Government Buyers 418

Housing Wire

FEBRUARY 23, 2024

Here are some charts reviewing today’s report with a host of data lines from the NAR existing home sales report: [link] A few critical glaring points: active inventory is still historically low, and so is monthly supply data. Cash sales rising year over year looks normal as mortgage demand is lower year over year.

Inventory 426

Inventory Mortgage New Listings Marketing 426

Housing Wire

MARCH 8, 2024

Lawrence Yun, the chief economist at the National Association of Realtors , said the economy is clearly slowing and the housing crisis grows more acute each month. “The short-term timing of purchase is dependent upon mortgage rates and inventory availability,” he said. Lower rates this spring could give housing market demand a boost.”

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Transportation Retail Housing Market Construction 415

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). Home prices will be influenced by how much inventory is brought to market. annual drop recorded in May. next year, to $395,000. “It

Construction 342

Construction Inventory Realtors Housing Market 342