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Even super hot housing markets like LA are cooling off

Housing Wire

Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. 1 housing market for spring 2022, there is no doubt that the housing market in Rapid City is one to watch. Rapid City, South Dakota. Rapid City, South Dakota.

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Overblown rumors of demise? NAR has lost only 45K members since December

Housing Wire

The National Association of Realtors (NAR) reported that it had 1,509,195 members at the end of April, a decline of 2.96% from the 1,554,604 members it had at the end of 2023 but higher than its numbers in February and March. In modern times, membership hit a low point of 963,478 in February 2013 and climbed to a high of 1.60

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The Hidden Costs of Selling Your Home Without a REALTOR®

Lamacchia Realty

THE HIDDEN COSTS OF SELLING YOUR HOME WITHOUT A REALTOR® There is no denying it, the housing market has been a rollercoaster over the last several years. In any given market, many homeowners think it’s a good idea to sell their homes by themselves. Contact a local Lamacchia Realty REALTOR® today!

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Home sales are going to nosedive in 2023, Fannie Mae says

Housing Wire

The forecast for the housing market in 2023 gets worse by the month, with the latest report predicting a million-plus decline in existing home sales. The slowing effect on the housing market of the higher mortgage rate environment has been largely predictable, and home prices appear to have already begun trending downward.”.

Contracts 414
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Why housing inventory is so low right now

Housing Wire

Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. One of my big calls in the previous expansion was that we wouldn’t see housing starts begin a year with 1.5 million, I can take off the unhealthy housing market label.

Inventory 496
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Existing home sales data shows extent of housing inflation

Housing Wire

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . However, it’s not the market of 2002-2011.

Inventory 441
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Biden renews push for housing in infrastructure plan

Housing Wire

“To be clear, as housing costs skyrocket, communities across the country — including rural, suburban, and urban America — need affordable housing now more than ever. To say that the pandemic destabilized an already unstable housing market is an understatement.”. million homes.