Housing Wire

FEBRUARY 5, 2024

in November, which at first glance suggests an accelerating housing market. peak prior to the housing market downturn in 2006. “If On HousingWire’s Mortgage Rate Center , the 30-year conforming fixed mortgage rate was at 6.908% as of Feb. and slightly less than the 33.8%

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Sacramento Appraisal Blog

DECEMBER 13, 2023

The housing market pretty much sucked this year for so many real estate professionals. The truth is everyone feels like an expert when things are good, but […] The post The housing market sucks, but experts can thrive first appeared on Sacramento Appraisal Blog.

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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. housing market inventory channels have changed due to how the U.S.

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Housing Wire

FEBRUARY 15, 2024

“In a potentially improving housing market, we are excited to build on our competitive advantages, accelerate our strategic agenda, and deliver even greater value to Anywhere affiliated agents, franchisees, and shareholders in the year ahead.”

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Sacramento Appraisal Blog

NOVEMBER 21, 2023

It’s time to run toward the housing market. UPCOMING (PUBLIC) SPEAKING […] The post Run toward the housing market in 2024 first appeared on Sacramento Appraisal Blog. Today, I have some quick thoughts of encouragement for the real estate community as we look to 2024. And I have some cool stats too.

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Sacramento Appraisal Blog

MAY 11, 2022

The housing market has shifted over the past month. That’s what the stats are showing, and it’s what we’re hearing from the trenches. Today I want to highlight what’s been happening in Sacramento, and unpack what I mean by “shift” too since this word can be sensationalized.

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Appraisal Buzz

APRIL 2, 2024

“Leveraging the ICE Home Price Index and our loan level mortgage data, we looked at how much it would cost the average homeowner with a mortgage to trade up to a 25 percent more expensive home in today’s market – or to simply move across the street, for that matter, into a home identical to their own.

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Sacramento Appraisal Blog

SEPTEMBER 7, 2023

Today let’s unpack the housing market’s cash trend, some myths, and things to watch ahead. This post is designed to scroll by topic or digest slowly.

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Sacramento Appraisal Blog

JANUARY 11, 2024

Any […] The post It was a weird housing market in 2023 first appeared on Sacramento Appraisal Blog. Yet, prices didn’t dip that much. Today, let’s talk about what happened in a big recap. I hope you get something out of this.

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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. Currently, First American is forecasting March existing-home sales will rise 1.7%

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Housing Wire

JANUARY 23, 2023

Here’s the housing market rundown for the last week: Purchase application data had a solid week-to-week gain of 25%. Housing inventory decreased by 566 units, which is not a significant decline. Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important.

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Housing Wire

APRIL 23, 2023

Can we now say that the housing market ‘s spring selling season is finally underway? Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. In 2022, home sales collapsed in a waterfall fashion.

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Sacramento Appraisal Blog

NOVEMBER 8, 2023

What’s going to happen to the housing market with a presidential election year coming? I’ve heard stuff like, “Rates usually go down during a presidential year,” or “The market is likely going to be stronger because one party is trying to stay in power.” There are so many ideas.

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Housing Wire

JULY 9, 2023

This is truly a savagely unhealthy housing market as we have too many people chasing too few homes. Considering where we are with the 10-year yield and mortgage rates, a lighter-than-expected CPI inflation print this week would be just what the housing market needs to bring mortgage rates lower.

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Housing Wire

APRIL 16, 2023

2021: 66,836 2022: 67,567 2023: 49,045 Compare our current new listing data to weekly new listing data in previous years when we had a more normal housing market: 2015: 94,470 2016: 86,608 2017: 78,886 The NAR data going back decades shows how difficult it’s been to get back to anything normal on the active listing side.

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Housing Wire

JANUARY 16, 2023

The weekly data shows some good news for the housing market ! With mortgage rates also falling, I am hopeful that more people will list their homes and buy another, so we can get back to a more functional housing market. This is good news for the housing market. The week ahead. dollar coming down as well.

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Sacramento Appraisal Blog

JANUARY 17, 2024

UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright & Mike Gobbi Event 9am (on Zoom here) 02/01/24 Gateway Event (private) 2/09/24 PCAR WCR Event […] The post The spring housing market is waking up & random stats first appeared on Sacramento Appraisal Blog.

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Sacramento Appraisal Blog

SEPTEMBER 12, 2023

There’s so much talk online about today’s housing market being like 2007, but what are the stats showing? Today I want to walk through three parts of the market. UPCOMING (PUBLIC) SPEAKING GIGS: […] The post Is it 2007 again in the housing market? Skim by topic or digest slowly.

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Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Traditionally, we do see housing inventory fall in the month of December, however, we clearly saw in the second half of 2022 that higher rates created more days on the market and inventory was lingering longer. That’s a big one-week change.

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Housing Wire

MAY 23, 2023

While it’s not as clear how long-lasting the rebound will be, it does still provide some much-needed good news for the spring and summer housing market. This article is part of our ongoing 2023 Housing Market Forecast series. After this series wraps, join us on May 30 for the next Housing Market Update Event.

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Housing Wire

MARCH 18, 2022

To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 million ; this is still historically low, but this gives the housing market a breather from the madness that we see today. Housing is the cost of shelter to own the debt; it’s not an investment.

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Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Sacramento Appraisal Blog

MAY 31, 2022

The housing market sizzle has faded and we’ve entered a different season. We’ve basically said goodbye to the most aggressive housing market ever, and we’re in a new market now. Granted, the housing trend still feels elevated from normal, so it’s an error to call this market cold.

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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. All major housing market metrics point to a restrained housing market. The number of new listings coming on the market this spring is lower than it has been in more than a decade.

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Housing Wire

JULY 2, 2023

We have often discussed that the housing market dynamics changed starting Nov. This is one data line I will track like a hawk because it will be a negative for the housing market if this data line makes a noticeable year-over-year decline trend in the second half of 2023.

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Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. The other focus should be where mortgage rates go; only a little happened last week.

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Housing Wire

JANUARY 31, 2024

RealTrends has been tracking housing market data since 1979, including households, home sales, average mortgage rates , etc. RIP 2023 — Whew, that was a year none of us would like to live through again. Chances are, we won’t have to anytime in the next few years. How bad was last year?

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Housing Wire

OCTOBER 24, 2023

“Anywhere led through a difficult housing market to deliver considerable profitability and achieve substantial debt reduction,” Ryan Schneider , Anywhere president and CEO said in a statement. The company closed the third quarter with $1.6 million in July, 4.04 million in August, and 3.96 million in September.

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Housing Wire

DECEMBER 7, 2022

Since the summer of 2020, I have believed the housing market could change in terms of cooling down, but it would require the 10-year yield to break over 1.94%. Also, I believed the risk to the housing market was if home prices grew more than 23% over the five years of 2020-2024. Mortgage rates went from a low of 2.5%

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Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housing market in the second half of 2022? over asking price. High octane stuff.

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Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. We are not taking the unhealthy housing market theme off this marketplace.

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Housing Wire

JULY 29, 2021

The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire’s Lead Analyst Logan Mohtashami answered questions on what to make of the latest housing data, his forecast for the rest of this year, and whether or not the housing market is returning to normal. This was my big fear. Become a member today.

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Housing Wire

MAY 7, 2023

Even though the labor market is currently showing signs of getting softer , there is no job-loss recession yet. As you can see in the chart below, there is a big difference between the current housing market and those looking for a repeat of 2008. Mortgage rates in a regular market should be 5.25% today but are at 6.5%.

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Housing Wire

SEPTEMBER 13, 2021

Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak. Why today’s housing market makes speed and agility crucial for lenders. Why today’s housing market makes speed and agility crucial for lenders.

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Sacramento Appraisal Blog

AUGUST 2, 2023

Sellers have been sitting, and it’s been a game-changer for the housing market in 2023. Today I want to share some stats and talk about appraising in today’s market. It’s also made valuations more difficult. Scroll by topic or digest slowly.

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Housing Wire

JANUARY 2, 2024

The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he

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Sacramento Appraisal Blog

JULY 6, 2022

A quick change in rates has led to a quick change in the housing market. UPCOMING (PUBLIC) SPEAKING GIGS: 7/15/2022 Lunch & Learn Big Market Update (sign up here)) […]. We didn’t see much difference right away in the stats, but we are finally getting some good numbers now. Let me show you what I mean.

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