Housing Wire

NOVEMBER 22, 2023

For the fourth consecutive month , homebuilder confidence sank in November, according to the National Association of Home Builders /Wells Fargo Housing Market Index published last week. The Western pessimism is also unsurprising given the year-over-year declines Western states have seen in home values.

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Inventory Home Value Housing Market Buyers 477

Housing Wire

JULY 26, 2021

The housing market is red hot. The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. Redfin , the popular real estate website, reports that nearly 40% of homes in the past month have sold above asking price.

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Mortgage Lending Real Estate Agent Government 514

Housing Wire

MARCH 29, 2023

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Pending home sales decreased in all four regions compared to one year ago. Pending home sales rose 0.4% Don’t call it a comeback?

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Contracts Realtors Home Value Housing Market 320

Housing Wire

JANUARY 16, 2024

Redfin attributes these divides to a variety of factors , the most salient of which is that over half (54%) of baby boomers who own homes have no mortgage and those who do have a mortgage have a much lower interest rate than the rate they would end up with if they sold and bought today.

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Inventory Home Value Mortgage Buyers 487

Housing Wire

JULY 28, 2023

High mortgages and stubbornly elevated home prices are worsening the housing affordability crisis. starter” home, up 13% from a year ago, according to a new report from Redfin. In June, the typical starter home sold for a record $243,000, up 2.1% In June, the typical starter home sold for a record $243,000, up 2.1%

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Buyers Housing Market Investors Real Estate 370

Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. Are we in a housing bubble?” Of course, the answer is about why this is not the same market — in any way — to post 2008.

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Sellers Inventory Housing Market Buyers 397

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. Mortgage rates dropped down to record lows that carried through much of 2021. In addition, home values and sales skyrocketed.

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Housing Market Marketing Inventory Real Estate 78

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in year one, go to 5.2%

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Marketing Government Mortgage Sellers 435

Housing Wire

MAY 9, 2022

As you can see above, other countries have experienced steep home-price growth and Canada is leading the way. housing market follow Canada? In short, the answer is no, we won’t have the type of home-price velocity that Canada has experienced because our housing market is more diverse than theirs.

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Buyers Housing Market Mortgage Marketing 532

Housing Wire

MAY 25, 2021

In this webinar, MCT COO Phil Rasori and expert guest panelists will review how mortgage lenders can overcome common challenges selling their loans on the secondary market. Higher material costs , a lack of inventory and labor continue to drive demand, pushing up home prices. Presented by: MCT.

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Supply Chain Inventory Buyers Construction 435

Housing Wire

MARCH 9, 2021

In 2019, the typical homeowner in a primarily white neighborhood had $33,000 more home equity than the typical homeowner in a primarily Black neighborhood. “Significant gains in home values fueled equity gains from 2019 to January 2021 for homeowners of all races,” the press release stated.

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Home Value Market Value Brokerage Inventory 497

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. It only takes a few bad appraisers doing this kind of thing to cause home prices to artificially inflate. It is interesting that inventory levels were increasing rapidly in the years leading up to 2008.

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Inventory Market Value Appraisal Contracts 243

Cornerstone

SEPTEMBER 3, 2021

Now that we’ve reached the second half of 2021, it’s apparent: Today’s housing market is breaking records. Here’s a closer look at which four factors are creating this never-before-seen market. The 4 reasons that today’s housing market is unlike any other. A housing inventory shortage.

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Housing Market Marketing Inventory Loan Officers 49

Eppraisal

JANUARY 28, 2022

Danielle Hale, Realtor.com chief economist states, "We expect a whirlwind 2022 for the housing market. Home sales are expected to increase another 6.6% and home prices to rise another 2.9% " It is already happening, especially in the hot markets. Housing Market Crash in 2022?

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Marketing Home Value Real Estate Housing Market 68

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%

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Housing Market Marketing Supply Chain Real Estate 418

Listing Spark

OCTOBER 13, 2022

Is that the case for all major Texas housing markets? What should they expect in this housing market? We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. 00:02:50] Peaking into the Fall 2022 Austin housing market. And housing prices are still up! “In

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Housing Market Real Estate Marketing Buyers 36

Eppraisal

OCTOBER 31, 2023

   Property Valuation Your home value is the primary determiner of your asking price. Unless you’re desperate to sell and willing to accept less than what you still owe on your mortgage, price your house based on what these sources say it should be worth. Pay attention to rental inventory, too.

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Marketing Real Estate Agent Real Estate Valuation 69

Housing Wire

MARCH 15, 2024

Prospective homebuyers have more options to choose from in the housing market, which could help spur sales this spring. Mortgage demand has been on the rise for two weeks in a row. Meanwhile, a house stayed on the market for 53 days on average, according to Zillow. The typical home in the U.S. That’s up 4.2%

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New Listings Inventory Home Value Contracts 491

Houston Properties

JANUARY 13, 2021

Houston Housing Market Forecast: Current Data & 2021 Predictions. Concerned about a housing market crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. In addition, mortgage rates are at an all-time low. Worried about missing out on a boom?

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Housing Market Marketing Real Estate Realtors 68

Housing Wire

DECEMBER 13, 2023

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. What does this mean for mortgage rates? Mortgage rates should get better. ” Mortgage rates track the yield on 10-year U.S.

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Inventory Housing Market Mortgage Law 488

Housing Wire

SEPTEMBER 27, 2023

Years of rising prices and a prolonged period of increasing mortgage rates have made one issue top of mind for most homebuyers: affordability. That favors markets in the Northeast and Midwest, where prices are lower, and comes at the expense of markets in the West, where prices are higher, recently published data from Zillow suggest.

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Home Value Inventory Housing Market Valuation 436

Housing Wire

JULY 6, 2022

Home price growth slowed in May, showing signs of a cooling housing market. But housing is the least affordable it has been since the mid-1980s as mortgage rates rise and home values soar, driven by low housing inventory, a new Black Knight report suggests. in May from a revised 20.4%

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Inventory Home Value Housing Market Mortgage 413

Eppraisal

JUNE 8, 2021

Record sales, high prices, and lots of competition are only a few of the many challenges' buyers are facing in today's market. Here's what to be prepared for: Competition Inventory is at its lowest point in many years. Prices Too High Home values are rising. Home values have risen. The competition is fierce.

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Marketing Sellers Buyers Home Value 69

Housing Wire

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. In the New York and San Francisco districts, potential homebuyers opted to rent instead of purchasing due to elevated prices and higher mortgage rates.

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Housing Market Marketing Construction Inventory 360

Eppraisal

DECEMBER 14, 2021

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Yet if history demonstrates anything, it reveals the cyclical nature of the real estate market. Yet Fannie Mae sees no housing market damper on the horizon despite these higher rates. percent or so.

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Real Estate Supply Chain Marketing Inventory 67

Eppraisal

JUNE 28, 2022

Gas, food and utility bill prices are skyrocketing and mortgage interest rates have almost doubled since their historical lows the last couple years. Many home sellers that have been holding out are now listing their homes for sale in order to catch the still hot seller's real estate market.

Marketing 36

Marketing Real Estate Sellers Inventory 36

DW Slater Company

FEBRUARY 23, 2023

So what’s happening in the housing markets here? The past six months have been full of very drastic changes as the rapid mortgage rate increases causing many markets to begin to decline. The demand for housing decreased with the higher mortgage rates as it decreased buyer power.

Inventory 128

Inventory Marketing Supply Chain Appraisal 128

Cornerstone

APRIL 30, 2021

The fact that housing inventory is at record lows has driven up prices – and potential profits — by 14.1 Increasing prices also indicate increasing home values, allowing a seller to tap into thousands of dollars in equity gains. The Mortgage Credit Availability Index (MCAI) now sits at 125.4

Sellers 66

Sellers Buyers Inventory Loan Officers 66

Berkshire Hathaway

FEBRUARY 23, 2021

With home values forecasted to appreciate by about 5% this year it has some people concerned that we may be in another housing bubble and that that bubble is about to burst. Unlike what we experienced a little over a decade ago, there are multiple reasons why this market is completely different.

Home Value 36

Home Value Inventory Real Estate Mortgage 36

Housing Wire

FEBRUARY 4, 2022

housing market this year, and we’ll find out which one wins. What are the drivers of housing demand in 2022? 5 predictions for the 2022 housing market. Here are 7 trends to watch in the 2022 appraisal market. Here are 4 macro trends impacting the 2022 housing market. 2022 Forecast series.

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Housing Market Inventory Home Value Marketing 369

Birmingham Appraisal

JANUARY 11, 2023

A Look At The Housing Market in 2022. Over the past three years, the real estate market has seen unprecedented milestones. From record-high sale prices to record-low inventory, the market has shown us that just when we think we know what will happen it will show us something different. Average Days on Market.

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Housing Market Marketing Inventory Sellers 80

Housing Wire

MARCH 23, 2022

At the end of February, an estimated 407,000 new homes were still for sale, which at the current sales rate represents a 6.3 Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. This suggests some slowing of demand, which should soften further if mortgage rates continue to rise.

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Supply Chain Housing Market Buyers Construction 395

Home Junction

APRIL 30, 2020

“The housing market is going to be stalled for the spring,” predicted Jessica Lautz, NAR vice president of research. Many potential sellers don’t want open houses and are reluctant to have people walking through their homes. Some people are having difficulty obtaining mortgages.

Marketing 69

Marketing Real Estate Home Value Agents 69

Appraisal Today

JUNE 10, 2022

The Inevitable Cyclicality of Mortgage Lending. NOTE: Please scroll down to read the other topics in this long blog post on declining mortgage loans, real estate market, unusual homes, mortgage origination stats, etc. ==. Conch Shell House in Mexico on the island of Isla Mujeres. Appraisal Business Tips .

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Appraisal Contracts Business Mortgage 52

Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. The Northmarq report points out that the BFR sector currently accounts for only a small slice of overall home starts, at about 6%. Riding a cresting wave.

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Housing Market Marketing Construction Development 545

Appraisal Today

AUGUST 4, 2023

In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting. They really help.

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Appraisal Business Contracts Real Estate 70

Housing Wire

JULY 26, 2022

How auction buyer data foreshadows housing market shifts. The retail housing market data, released by Redfin at the end of June, shows the median asking price for newly listed homes for sale in the four weeks ending June 26 dropped 1.5% National Home Price Index is a leading measure of housing prices.

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Housing Market Inventory Retail Marketing 370