More cash buyers in today’s housing market
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
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.
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
JUNE 22, 2023
The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Nothing good happens in the housing market when the days on market are at a teenager level or lower.
Housing Wire
SEPTEMBER 22, 2023
The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. It’s a bifurcated market in that sense.
Housing Wire
JUNE 18, 2023
This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. As you can see in the chart below, the collapse of the purchase application data has stalled out, and if this didn’t happen, we would be having a different conversation about the housing market today.
Housing Wire
SEPTEMBER 10, 2023
Current housing market dynamics continue to put a damper on mortgage demand. Rates did edge down toward the end of August, but prospective homebuyers still face the least affordable housing market in nearly 40 years,” Walden said.
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.
Housing Wire
DECEMBER 26, 2022
Starting this week, I will analyze weekly data in a Housing Market Tracker article every Monday to provide a status update on the U.S. housing market and economy. This weekly tracker will give you updates on the data lines that don’t need to wait for monthly housing data reports. . Housing market inventory.
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.
Housing Wire
SEPTEMBER 19, 2023
This “higher for longer” conventional wisdom is working its way through the housing market. Early in the year, people were buying at 6.5% and imagining 5.5% where they could refinance. Now, you’re looking at 7.5% and imagining 8% or higher. The price of the new listings is more volatile each week.
Housing Wire
JANUARY 5, 2023
The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing recession. That would be a positive for demand.
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.
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.
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.
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.
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.
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.
Housing Wire
MAY 28, 2023
In 2022, when the housing market was dealing with a sharp move higher in mortgage rates, the new listing data grew higher than the same week in 2021. The week ahead: Bonds and jobs On this short holiday week, I will first be focused on the bond market reaction to this debt ceiling deal.
Housing Wire
APRIL 9, 2023
The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. Current housing Inventory is still not suitable for a healthy housing market.
Housing Wire
JANUARY 4, 2023
This article is part of our 2022 – 2023 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.
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.
Housing Wire
DECEMBER 29, 2022
As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above.
Housing Wire
SEPTEMBER 7, 2023
She expects a market contraction this fall in the housing sector. However, high home prices and growing affordability challenges are the two factors weighing on prospective home buyers, said Sturtevant.
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.
Sacramento Appraisal Blog
AUGUST 16, 2023
That’s a good way to describe today’s housing market. This week I was talking with a broker who has been in business since the 1970s, and he told me he’s never seen a market like today. On one hand prices are still pretty high, but volume has fallen off a cliff.
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.
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.
Housing Wire
JANUARY 2, 2023
The housing market has been wild the last few years, making weekly data more critical. This is why I’ve created the Housing Market Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday. million and has fallen for four months. .
Housing Wire
DECEMBER 5, 2022
I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. economy, especially the mortgage and housing sector.
Housing Wire
MAY 14, 2023
The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. Can you imagine the housing market at that point?
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.
Housing Wire
FEBRUARY 21, 2023
Last June, the Federal Reserve said it wanted a housing reset , which meant it wanted higher mortgage rates to destroy the housing market. Today, the Federal Reserve achieved its primary goal; the days on the market are now above 30 days, which was the most important data line to get housing back to somewhat normal.
Sacramento Appraisal Blog
AUGUST 9, 2023
UPCOMING (PUBLIC) SPEAKING GIGS: 8/18/23 Market & Mimosas (register […] The post A hot & cold housing market first appeared on Sacramento Appraisal Blog | Real Estate Appraiser. Let’s talk about the trend and look deeply into what’s going on with concessions. Scroll quickly by topic or digest slowly.
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.
Sacramento Appraisal Blog
MAY 23, 2023
It’s graduation season for school, and it’s also that time of year where the spring housing market crests or graduates for the year so to speak. Let’s talk about the signs of a peak, the weirdness of today’s market, and bro rating.
Housing Wire
JUNE 8, 2023
It’s been a brutal 15-month period for the housing market since the Federal Reserve began escalating its benchmark interest rate in March 2022 to combat rising inflation. Since then, the Fed has bumped rates 10 times, effectively putting the brakes on what had been a hot housing market. as of March 20 to 114.42
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.
Housing Wire
MAY 21, 2023
It was a wild ride for the housing market last week! Purchase application data The housing market shifted significantly when mortgage rates peaked late year and started to fall. The 10-year yield rose noticeably, sending mortgage rates near 7% right in the heart of the spring selling season.
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%.
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%
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.
Housing Wire
SEPTEMBER 8, 2022
Home prices have started to drop, but the decline has not been significant enough to slow a growing pessimism about the housing market. Fannie Mae’ s Home Purchase Sentiment Index (HPSI), which tracks the housing market and consumer confidence to sell or buy a home, dropped by 0.8 Presented by: Calyx.
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.
Housing Wire
AUGUST 14, 2023
Local housing markets is a HousingWire magazine feature spotlighting housing trends and data across the country. I absolutely love the Columbia Basin and the reason is that we are a unique market. The combination of these factors has resulted in a hot housing market. A score of 30 denotes a balanced market.
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