Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. It is just a super tight housing market. I haven’t seen anything like this here, and I’ve been doing this since 2000,” Richardson said. “I think what’s going on is a shock to people in the Austin market,” Van Dyke said.

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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.

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Appraisal Buzz

OCTOBER 9, 2024

Each tracks quarterly price trends across the country since 2000 based on individual home repeat sales. FHFA’s new data resource on manufactured homes provides relevant, up-to-date information on an important but less-understood segment of the housing market,” said FHFA Director Sandra L. Thompson. “In

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Housing Wire

JULY 19, 2022

The June housing starts data beat estimates with positive revisions, however, this doesn’t change the housing market recession call that I made last month. We are already below the 2000 recession levels and back to 1996 levels today. One might even say this housing market is still savagely unhealthy.

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Housing Wire

MAY 2, 2023

The housing market functions differently than other markets because it can be characterized as a heterogeneous, thinly traded, illiquid market. In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. The result is fewer sales.

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Appraisal Buzz

JANUARY 23, 2025

housing market mostly rebounded nicely in 2024. The price-and-profit picture, while mixed, reflected an ongoing housing market boom that has continued for 13 consecutive years. times the nationwide median in 2011, a point in time right before the housing market began recovering from the Great Recession.

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Sellers Investing Housing Market Home Value 395

Appraisal Buzz

APRIL 2, 2024

Compare this to 2000-2022, when upgrading to a 25% more expensive home would have required the average homeowner to increase their principal and interest payment by only 40%, or about $400 per month, according to the report.

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Housing Wire

MARCH 5, 2025

Slower price growth and rising inventory : A cooling housing market has made it less appealing for investors to flip homes for profit. metro areas dating back to 2000. High home prices : Investors are facing the same affordability challenges as other buyers. Investors accounted for 24.2% a year earlier.

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Housing Wire

MARCH 12, 2023

Last week was wild, and not just for the housing market. Inventory grew during the housing bubble years because housing credit was much looser back then, and people could move more freely. Mortgage rates fell even though the jobs report was stronger than anticipated.

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Housing Wire

AUGUST 1, 2024

Talk to a real estate agent about expectations for the fall and they’ll likely mention that the housing market will be slow due in part to the election, a belief in the industry that’s become rote. But a new report from John Burns Research and Consulting refutes that notion.

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Appraisal Buzz

MARCH 18, 2025

With all the revolving housing market trends going around, whats the new symbol of status? A new Redfin report showed that in recent years, wealthy renters have increased their share of the rental market in over three-quarters of the most populated U.S. between 2000 and 2019.

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Appraisal Buzz

OCTOBER 11, 2024

“FHFA’s new data resource on manufactured homes provides relevant, up-to-date information on an important but less-understood segment of the housing market,” says Sandra L. In a housing market with elevated home prices, manufactured housing remains an affordable option.

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Housing Wire

DECEMBER 10, 2023

market share at the peak level in this data line, which goes back to the start of the century. The overall market share of investors has grown since 2000 and is currently around 30%, as seen in the chart below, but the vast majority are small mom and pop investors. of market share in Q2. since 2000.

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Appraisal Buzz

JULY 29, 2024

Recent data from First American (First Am) Data & Analytics’ Real House Price Index (RHPI) reveals a significant shift in the housing market, with increased housing supply leading to improved affordability in some areas. since January 2000. Unadjusted house prices are now 61.4% since June 2024 and 91.8%

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Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. The average sales price was $456,800.

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Housing Wire

MARCH 1, 2024

The lender also communicated that it funded $4 billion in fix-and-flip loans in 2023, a company record for a calendar year, despite the challenging housing market. of all home purchases in Q3 2023, higher than the typical share seen since 2000. But home flips still represented 7.2%

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Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

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Inventory Marketing Housing Market New Listings 493

Housing Wire

FEBRUARY 8, 2024

Mortgages rates reached their highest level since 2000 , construction costs rose and building regulations remained burdensome, leaving U.S. housing affordability near a 10-year low point at the end of last year, according to the National Association of Home Builders (NAHB). median income of $96,300. “But

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Housing Wire

JANUARY 6, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. Measuring the housing deficit. The event is exclusively for HW+ members , and you can go here to register.

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Housing Wire

APRIL 29, 2024

since January 2000. In March, the housing market was almost overvalued at a national level, but a surprisingly large number of markets remain significantly undervalued, according to First American. Consumer homebuying power, which represents how much one can buy based on changes in income and mortgage rates, decreased 0.1%

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Housing Market Mortgage Marketing Sellers 445

Housing Wire

APRIL 20, 2023

However, as we all know, housing inventory reached an all-time low in 2022, so you need context when talking about the year-over-year data. As we can see below, from 2000, total active housing inventory rose from 2 million to 2.5 NAR: The median existing-home price for all housing types in March was $375,700, a decline of 0.9%

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Inventory Housing Market Marketing New Listings 531

Housing Wire

APRIL 1, 2024

Meanwhile, homeowners who bought in January 2000, January 2006 and January 2013 have received boosts of $414,000, $338,000, and $343,000, respectively. trillion in home equity at the end of 2023, up from $15 trillion in 2006, the previous peak of the housing cycle. Overall, U.S. homeowners held $31.8

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Housing Wire

JUNE 5, 2023

In a sense, the gridlocked housing market has been feeding on itself,” Andy Walden , VP of enterprise research strategy at Black Knight, said. This is compounding the challenges for potential home buyers and the origination market alike, Walden said.

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Housing Wire

SEPTEMBER 21, 2023

As I have stressed time and time again, when you have normal credit channels, meaning the people who buy homes are in traditional 30-year fixed loans, the inventory channels will behave differently than they did in the years 2000-2007. But even with the biggest home sales crash ever, prices are still at all-time highs.

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Inventory Housing Market Mortgage Marketing 523

Housing Wire

APRIL 18, 2023

Without rents taking off, the CPI data would look much more tame, like what we saw from the years 2000-2019. Tuesday’s housing starts data does show some promise on the front of attacking inflation and helping lowering mortgage rates, so let’s look at the report and find out what I am talking about. Since 44.4%

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Mortgage Construction Supply Chain Housing Market 521

Housing Wire

JUNE 16, 2022

family housing completions in May were at a rate of 1,043,000; this is 2.8 Housing completions have been one of the worst stories for the housing market. The ability to finish houses has taken forever; thus, now the completion data is picking up to say hello to the falling housing starts. percent (±13.6

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Housing Market Buyers Mortgage Construction 545

Housing Wire

FEBRUARY 19, 2024

According to Ben Metcalf, managing director of the Terner Center for Housing Innovation at UC Berkeley, the homeownership rate for California is 50 percentage points lower than the rest of the nation at only 44% in 2021. That represents a serious downtrend from a 50% homeownership rate in 2000. What’s the solution?

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Housing Wire

AUGUST 18, 2022

“Inflation appears to be beyond its peak, which has stopped the rapid increase in mortgage rates that the housing market was experiencing earlier this year,” Sam Khater, chief economist at Freddie Mac, said in a statement. ” How to make digital marketing easy and effective for mortgage professionals.

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Housing Wire

NOVEMBER 23, 2022

We are well below the 2000 recession level and back to 1996 levels. When you account for a population of over 330 million people, that sales number looks a lot lower than in 2000 and 1996 so be mindful that we are trending at low levels today. Today we are finding a low base for now, because new home sales are historically low.

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Housing Wire

OCTOBER 31, 2022

In 2000, we saw a lot of credit stress in the system. During the build-up to when the housing bubble burst, housing was getting noticeably weaker on many fronts. Currently, the housing market is in a recession: sales, production, jobs and incomes are all falling in the housing sector.

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Housing Wire

SEPTEMBER 27, 2023

The 30-year fixed mortgage rate increased to 7.41%, the highest rate since December 2000, and the 30-year fixed jumbo mortgage rate increased to 7.34%, the highest rate in the history of the jumbo rate series dating back to 2011,” said Joel Kan, MBA ’s vice president and deputy chief economist.

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Housing Wire

FEBRUARY 24, 2023

As we can see in the chart below, we are still below the recession levels of 2000 and really trending at 1996 levels. The majority of inventory comes from the existing home sales market and if you compare it to 2008, back then we didn’t even have 200,000 homes available for sale and currently we are at 68,000.

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Housing Wire

MARCH 31, 2025

Department of Housing and Urban Development (HUD). Currently, the federal formulas that allocate vouchers are based on outdated population calculations dating back to the 2000 census, the lawmakers said in an announcement of the bill that was shared exclusively with HousingWire.

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Housing Wire

APRIL 25, 2023

The indices have a base value of 100 in January 2000; in other words, a current index value of 150 translates to a 50% appreciation rate since January 2000 for a typical home located within a particular market. The 10-city home price index also posted a 0.4% yearly increase, down from 2.5%

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Housing Wire

JUNE 14, 2024

The second occurred in October 2023 when mortgage rates peaked at their highest point since 2000. Data continues to reflect seller-friendly market conditions as the median sale price reached another record high of $439,716 — up 5.1% year over year.

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Housing Wire

SEPTEMBER 6, 2023

How hot is the housing market? There is certainly no shortage of indicators, but three in particular were published in the last week: the S&P/Case-Shiller Home Price Index, the All-Transactions House Price Index from the U.S. Federal Housing Finance Agency and the MSA-level “hotness” scores from Realtor.com.

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Housing Wire

SEPTEMBER 28, 2022

In fact, new home sales are below the recession level of 2000 and back to 1996 levels already. The existing home sales marketplace is much bigger and has a lot more sales than the new home sales market, so it tends to not have crazy moves like this outside of some one-month event like the TRID implementation or COVID-19 pause in buying.

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