Housing Wire

DECEMBER 20, 2023

regions, sales slid in the Northeast and the West but improved in the South and the Midwest month over month. million home sales nationally by the end of 2023. Higher rates and lack of resale inventory dampened the housing market in 2023. Existing-home sales grew 0.8% Looking at the four major U.S.

Inventory 405

Inventory Housing Market Realtors Buyers 405

Housing Wire

FEBRUARY 7, 2024

“The 2024 homebuying season should enjoy a boost because of pent-up demand, as well as a robust job market and wage growth,” Selma Hepp, chief economist for CoreLogic, said in a statement. CoreLogic’s Market Risk Indicator measures the metro areas that have the highest risk of price declines over the next year. and 10.5%, respectively.

Inventory 470

Inventory Housing Market Marketing Mortgage 470

Appraisal Buzz

MAY 23, 2024

million, as of the end of April. Year-over-year, sales decreased in the Northeast, Midwest and South but increased in the West. Home sales changed little overall, but the upper-end market is experiencing a sizable gain due to more supply coming onto the market,” says Lawrence Yun, chief economist for NAR, in a statement.

Inventory 195

Inventory Realtors Housing Market Mortgage 195

Housing Wire

SEPTEMBER 26, 2023

At the other end of the scale, the worst performers were Las Vegas (-7.2%) and Phoenix (-6.6%). The West (-3.8%) and Southwest (-3.6%) remained the weakest regions. Today’s housing market is very different from the one that led up to the 2008 financial crisis and ultimately a 20 to 40% home price correction.

Inventory 454

Inventory Housing Market Lending Buyers 454

Housing Wire

APRIL 25, 2024

The Northeast, South and West regions posted monthly gains in transactions while the Midwest recorded a loss. Year over year, the Northeast and the South registered decreases but the Midwest and the West posted gains. During the three months ending Feb. NAR’s Pending Home Sales Index increased to 78.2 in March, up from 75.6

Inventory 420

Inventory Buyers Realtors Investors 420

Housing Wire

MAY 18, 2023

While it’s true that there are fewer buyers who can afford to compete in today’s housing market, a key piece of the story is that there are fewer homes for those buyers to shop for,” Nicole Bachaud, the senior economist at Zillow , said in a statement. At the end of April, the inventory of unsold existing homes stood a 1.04

Inventory 392

Inventory Buyers Realtors Housing Market 392

Housing Wire

JANUARY 19, 2024

Befitting a challenging year for the housing market , existing home sales closed out 2023 at a seasonally adjusted annual pace of 3.78 Heading into 2024, there were 1 million existing home units on the market, representing a 3.2 Compared to a month ago, housing inventory was down 11.5% and the West dropping 1.4%.

Inventory 438

Inventory Realtors Housing Market Construction 438

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. Confidence rose in the Northeast to 53, signaling that builders there are slightly optimistic about market conditions.

Inventory 441

Inventory Home Value Housing Market Buyers 441

Housing Wire

JUNE 27, 2023

After a winter of dire housing market forecasts, the housing market regained its footing this spring, with home prices rising month-over-month for the third consecutive month in April, according to the S&P CoreLogic Case-Shiller National Home Price Index , which was released Tuesday. “The U.S. ”

Housing Market 349

Housing Market Marketing Mortgage Buyers 349

Housing Wire

JANUARY 30, 2024

by the end of October, before falling back to 7.2% by the end of November. Detroit held its position as the best-performing market for the third month in a row Markets in the Northeast and the Midwest posted some of the fastest-growing home prices while some Western markets are picking up. in September to 7.8%

Mortgage 422

Mortgage Buyers Housing Market Marketing 422

Housing Wire

FEBRUARY 27, 2023

Bright MLS chief economist Lisa Sturtevant added: “The new pending sales data for January provides further evidence that the housing market may have bottomed out at the end of last year. Instead, expect a bumpy road on the way to a more normal housing market in 2023.” However, it likely won’t be a V-shaped rebound.

Housing Market 423

Housing Market Realtors Contracts Buyers 423

Housing Wire

MAY 30, 2023

For the 20-city composite, 19 of the 20 cities reported lower prices in the year ending March 2023 versus the 12-month period ending February 2023, with Chicago being the only city to report an increase at 0.4%. “ Both the 10-city and 20-city composite price indexes posted annual declines but monthly gains.

Mortgage 406

Mortgage Inventory Construction New Listings 406

Housing Wire

JULY 27, 2021

housing market is being driven in part by reaction to the COVID pandemic, as potential buyers move from urban apartments to suburban homes. ” 3 solutions to a gridlocked housing market. . ” 3 solutions to a gridlocked housing market. The Federal Housing Finance Agency also released its U.S.

Housing Market 384

Housing Market Inventory Finance Buyers 384

Housing Wire

FEBRUARY 28, 2023

The 2022 housing market was largely characterized by the swift slowdown in demand caused by rapidly rising mortgage rates. year-over-year); its west coast neighbors Seattle (- 1.8%) and Portland (+1.1%) once again form the bottom of the league table,” Lazzara said. “As However, even as existing home sales fell 17.8% in December.

Inventory 395

Inventory Housing Market Contracts Realtors 395

Housing Wire

AUGUST 20, 2020

High-end luxury home prices are staying strong after the rollercoaster ride the housing market has been on this year. year over year, to $825,000 in the three months ending July 31, according to Redfin. Miami had the largest increase in prices of high-end homes, jumping 10.2% as the U.S. dealt with COVID-19.

Housing Market 422

Housing Market New Listings Agents Marketing 422

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. January sales reflect purchase contracts made in November or December, and there is evidence that in many markets, the housing market has bottomed out and buyers are beginning to return to the market.”

Inventory 363

Inventory Buyers Housing Market Contracts 363

Housing Wire

OCTOBER 26, 2023

Regionally, the Northeast, Midwest and South had more transactions in September while the West posted a loss. This underscores the importance of increased inventory in helping to get the overall housing market moving,” Yun added. Lastly, they predict that housing starts will drop by 10.4% increase in September.

Inventory 390

Inventory Contracts Housing Market Realtors 390

Housing Wire

APRIL 20, 2023

It’s a unique housing market.” At the end of March, NAR reported that the inventory of unsold existing homes was up to 980,000, an increase of 1.0% million) dropping 20.4%, and the West (annual rate of 820,000) falling 30.5%. The West also recorded the largest year over year price change, falling 7.5%

Inventory 371

Inventory Housing Market Realtors Mortgage 371

Housing Wire

OCTOBER 13, 2020

While sales in this segment of the housing market have skyrocketed, the sales of medium-priced homes went up only 3% and sales of affordable homes actually declined by 4.2%. Much of the increase in luxury home sales came from west coast homebuyers. In the largest increase since 2013, luxury home sales rose 41.5%

Housing Market 545

Housing Market Buyers Inventory Marketing 545

Housing Wire

FEBRUARY 22, 2024

Regionally, sales accelerated on a monthly basis in the Midwest, South and West, while they held steady in the Northeast. Year over year, sales increased in the West and decreased everywhere else. In fact, by the end of January, for-sale housing inventory was at 1.01 Year over year, sales dipped 1.7%, down from 4.07

Inventory 425

Inventory Sellers Buyers Realtors 425

Housing Wire

JULY 16, 2021

Cash buyers are pouring into the housing market this year, and they’re picking off more than half of available inventory in certain areas in Florida and New York. “I’ve never seen more cash in Boise’s housing market than I’ve seen in the past year,” Pendleton said.

Buyers 545

Buyers Real Estate Agent Real Estate Housing Market 545

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

Contracts 301

Contracts Realtors Home Value Housing Market 301

Housing Wire

MARCH 21, 2023

This decrease ends a streak of 131 consecutive months of yearly price increases. Regionally, existing home sales rose month over month in all four regions, with the West recording the largest monthly increase at 19.4% year over year. It is the longest streak on record. Inventory levels are still at historic lows,” Yun added.

Inventory 373

Inventory Realtors Real Estate Housing Market 373

Housing Wire

FEBRUARY 28, 2024

It is a notoriously expensive housing market and maintains an estimated population of more than 260,000 people, according to data from the 2020 U.S. Like many localities across the country, Marin County leaders describe a housing crisis in their area that they hope to alleviate through the construction of more ADUs. “An

Construction 398

Construction Finance Mortgage Housing Market 398

Housing Wire

SEPTEMBER 28, 2021

annual gain for the year ending in July 2021, up from 18.7% In July, all 20 cities rose, and 17 gained more in the 12 months ended in July than they had gained in the 12 months ended in June,” Lazzara said in a statement. The index showed a 19.7% a month prior. San Diego was second with 27.8% and Seattle was third, with a 25.5%

Housing Market 485

Housing Market Finance Contracts Inventory 485

Housing Wire

SEPTEMBER 21, 2023

The housing market continues to cool amid high mortgage rates , affordability challenges and still-low inventory. Housing inventory remains tight heading into fall Meanwhile, total housing inventory at the end of August was 1.1 Existing-home sales in the South and in the West faded by 1.1% from July and 14.1%

Inventory 424

Inventory Realtors Housing Market Mortgage 424

Housing Wire

JANUARY 27, 2023

Pending home sales ended 2022 on a positive note. Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.” regions recorded declines, with the West recording the largest yearly decline at 34.5%, down to a reading of 58.6. and the West rose 6.1%

Contracts 421

Contracts Realtors Mortgage Buyers 421

Housing Wire

JANUARY 20, 2023

The housing market may have started 2022 out with a bang, but it exited the year with a whimper,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. With the exception of May 2020, when the pandemic had virtually shut down housing market activity, this is the lowest level of monthly home sales in 12 years.”

Inventory 368

Inventory Housing Market Realtors Buyers 368

Housing Wire

SEPTEMBER 21, 2022

With the Federal Reserve expected to raise interest rates by 75-basis points this week, the near-term future for the housing market appears gloomy. Regionally, existing home sales rose in the Northeast (1.6%) and the West (1.1%), while remaining the same month over month in the South and dropping 3.3% month over month to 1.28

Inventory 368

Inventory Sellers Realtors Housing Market 368

Housing Wire

OCTOBER 25, 2022

housing prices that we noted a month ago continued in our report for August 2022,” Craig Lazzara, the managing director at S&P DJI , said in a statement. for the 12 months ended in August, down from its 15.6% These housing markets are most likely to correct based on foreclosure buyer behavior. to a reading of 322.06.

Housing Market 359

Housing Market Buyers Finance Marketing 359

Housing Wire

AUGUST 3, 2022

trillion in the second quarter, but it could be nearing its peak as major equity-rich markets on the West Coast begin to show signs of decline. While homeowners saw home equity rise, the pace of growth slowed, especially on the West Coast. All of the markets were on the West Coast including eight in California.

Lending 353

Lending Housing Market Marketing Investing 353

Housing Wire

FEBRUARY 24, 2023

The uptick in the sales pace resulted in just 439,000 new homes remaining on the market at the end of the month, representing 7.9 The backlog of new construction homes continues to emerge into the market just in time for the spring shopping season,” Nicole Bachaud, Zillow ’s senior economist, said in a statement.

Construction 432

Construction Contracts Buyers Development 432

Housing Wire

JANUARY 2, 2023

All 20 cities analyzed posted lower price increase in the year ending October 2022 as compared to the year ending September 2022. The Southeast (+17.9%) and South (+17.0%) were the strongest regions by far, with gains more than double those of the Northeast, Midwest, and West. annual increase, down from 10.4% in September.

Home Value 390

Home Value Housing Market Contracts Sellers 390

Housing Wire

OCTOBER 22, 2021

“Historically, investors have always accounted for somewhere between 10% and 15% of residential home purchases, and our data shows that this is still the case today, albeit at the high end of that range,” Rick Sharga, the executive vice president of RealtyTrac, said in a statement. discount), Nebraska (55% discount), and West Virginia (51.0%

Investors 545

Investors Real Estate Marketing Housing Market 545

Housing Wire

MARCH 28, 2023

2023 began as 2022 had ended, with U.S. Despite posting he largest year-over-year increases among the 20 cities analyzed, Miami, Tampa and Atlanta, posted lower price increases for the year ending January 2023 versus the 12 months ending December 2022, as did the other 17 cities in the analysis. in January. Miami (+13.8%

Buyers 387

Buyers Inventory Contracts Finance 387

Housing Wire

MARCH 22, 2023

Of the 40 metros analyzed, down payment percentages were highest in San Francisco (25%), followed by 10 metros, including Anaheim, California ; San Jose, California; New York; Oakland, California; Los Angeles; Seattle; San Diego; New Brunswick, New Jersey; Miami; and West Palm Beach, Florida, where the typical homebuyer put down a 20% down payment.

Buyers 404

Buyers Sellers Mortgage Realtors 404

Housing Wire

JUNE 29, 2021

housing market is being driven in part by reaction to the COVID pandemic, as potential buyers move from urban apartments to suburban homes. The jumbo market for brokers is back in a huge way. increase in the West and a 16.9% in the West-North-Central division to up 2.6% . “The 14.6% increase in the Southwest.

Housing Market 436

Housing Market Finance Inventory Investors 436