Housing Wire

DECEMBER 10, 2023

Housing inventory is near all-time lows, but big institutional investors like Invitation Homes or BlackRock aren’t to blame. 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. since 2000. of market share in Q2.

Investors 544

Investors Inventory Buyers Real Estate 544

Housing Wire

SEPTEMBER 21, 2023

Inventory still negative year over year From NAR: Total housing inventory registered at the end of August was 1.1 Unsold inventory sits at a 3.3-month The housing inventory data has been negative year over year per the NAR data for the past few months. Year-over-year, sales fell 15.3% (down from 4.77 from July and 14.1%

Inventory 523

Inventory Housing Market Mortgage Marketing 523

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. Rent growth has also stalled, making it less lucrative to hold properties.

Investors 310

Investors Real Estate Investing Housing Market 310

Appraisal Buzz

JULY 29, 2024

However, recent data shows a 21% increase in housing supply nationally, with 48 of the top 50 markets experiencing year-over-year growth in inventory. The distribution of this inventory growth is uneven. Notably, in Tampa, Florida, active inventory surged by nearly 62 percent, resulting in a 5 percent improvement in affordability.

Marketing 418

Marketing Inventory Housing Market Mortgage 418

Housing Wire

NOVEMBER 22, 2023

In recent weeks, rates have dropped by half a percent, but potential homebuyers continue to hold out for lower rates and more inventory,” Sam Khater, Freddie Mac’s chief economist, said in a statement. Except for the last seven weeks, current mortgage rates hit their highest levels since 2000.

Mortgage 476

Mortgage Construction Inventory Marketing 476

Housing Wire

OCTOBER 31, 2022

In 2000, we saw a lot of credit stress in the system. Total inventory in America grew from 2000 to 2005 while demand grew. However, total inventory levels today are below 2019, 2014, 2007, 2005, and 2000 levels because homeowners are in a good place financially. Today, we are at 1.25

Law 523

Law Inventory Lending Mortgage 523

Housing Wire

DECEMBER 7, 2022

Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22 million Historically inventory levels range between 2 million and 2.5 Mortgage rates went from a low of 2.5% to a high of 7.37% — purely savage.

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

FEBRUARY 19, 2024

That represents a serious downtrend from a 50% homeownership rate in 2000. In 2000, CAR estimated that the state would need about 250,000 new units a year to keep up with demand. California [has been] the most inventory-constrained market for years.” What’s the solution? million units behind.

Law 508

Law Inventory Real Estate Government 508

Housing Wire

APRIL 25, 2023

However, despite the recent uptick, the continued low inventory conditions are expected to keep home prices elevated nationally. 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.

Inventory 413

Inventory Contracts Buyers Sellers 413

Housing Wire

SEPTEMBER 27, 2023

It is still facing limited for-sale inventory and struggling with affordability issues. Based on the FOMC’s most recent projections, rates are expected to be higher for longer, which has driven Treasury yields to new heights. Overall applications declined. Meanwhile, refinance activity was down 1% from last week and 21% from last year.

Mortgage 466

Mortgage Contracts Inventory Marketing 466

Appraisal Buzz

APRIL 2, 2024

and home prices rising to all-time highs due to lack of inventory, first-time homebuyers are getting discouraged by declining affordability. With mortgage rates now well above 6.5% But this lack of affordability is just as much of a downer for homeowners looking to upsize.

Housing Market 393

Housing Market Marketing Inventory Mortgage 393

Housing Wire

JUNE 6, 2024

million mortgages secured by residential property, the 11th drop recorded in the past 12 quarters and the lowest level since the year 2000, according to the newest U.S. Cited culprits behind the decline include tight inventory levels, elevated mortgage interest rates and affordability challenges for a large number of U.S. households.

Lending 491

Lending Mortgage Government Inventory 491

Housing Wire

FEBRUARY 24, 2023

Inventories that were 90-plus days late on mortgage payments increased largely in Florida. Active foreclosure inventory rose by 2.5% month over month to hit another record low in January, dating back to at least 2000 when Black Knight began reporting the metric. While foreclosure started on 5.6%

Mortgage 418

Mortgage Inventory Lending Marketing 418

Housing Wire

AUGUST 30, 2023

percent – the highest since December 2000. Purchase applications increased but were still 27 percent lower than a year ago, as elevated mortgage rates and tight housing inventory continue to weigh on home-buying activity,” Kan added. For the week that ended Aug. 25, mortgage applications picked up 2.3% Also noteworthy, a 7.9%

Mortgage 418

Mortgage Contracts Government Inventory 418

Housing Wire

NOVEMBER 2, 2020

Black Knight’s report also found that home price appreciation has risen dramatically since May, attributed to historically low interest rates and limited inventory. This is all despite increased volatility in the financial markets and the adverse market fee the GSEs have implemented on refinancings, which is set to take effect on Dec.

Mortgage 497

Mortgage Lending Inventory Marketing 497

Housing Wire

FEBRUARY 21, 2024

Founded in 2000, BDX is owned by a group of 24 leading U.S. According to Robert Dietz, chief economist at the National Association of Home Builders (NAHB), new homes accounted for about 30% of the total inventory on the market in 2023, compared to the historic norm of 12%. The demand for new construction isn’t waning.

Business 444

Business Construction Design Inventory 444

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. Homebuilders’ for-sale inventory and months’ supply The seasonally-adjusted estimate of new houses for sale at the end of January was 439,000. However, this isn’t how inventory grows in America.

Inventory 500

Inventory Construction Housing Market Mortgage 500

Housing Wire

JUNE 24, 2022

As you can see below, new home sales are still below the 2000 recession level, and we just had a significant spike in mortgage rates too. Census: For Sale Inventory and Months’ Supply The seasonally?adjusted As someone who wants to see more inventory, not the best data lines, but we are working our way to finishing those homes.

Inventory 488

Inventory Construction Marketing Mortgage 488

Housing Wire

MAY 16, 2023

Lack of existing inventory continues to drive buyers to new construction,” Robert Dietz , the NAHB’s chief economist, said in a statement. “In That share from 2000-2019 was a 12.7% With limited available housing inventory, new construction will continue to be a significant part of prospective buyers’ search in the quarters ahead.”

Construction 459

Construction Inventory Buyers Real Estate 459

Housing Wire

JANUARY 6, 2022

In November 2021, the supply of homes for sale nationwide as a percentage of occupied residential inventory remained near historic lows at 1.19% — meaning only 119 in every 10,000 homes were for sale — much lower than the historical average of 2.5%.

Supply Chain 511

Supply Chain Construction Housing Market Inventory 511

Housing Wire

MARCH 12, 2023

Weekly inventory fell by 6201 , and new listing data is down noticeably from last year, which was different than last week. Weekly housing inventory Here we go again; we still haven’t hit the elusive bottom for seasonal inventory, which makes this the third year in a row that the bottom in inventory will happen in March or beyond.

Housing Market 370

Housing Market Mortgage Marketing Inventory 370

Housing Wire

OCTOBER 26, 2022

New home sales are now below the recession levels of 2000 and have fallen all the way to 1996 levels, when interest rates were near 8%. From Census: For Sale Inventory and Months’ Supply, The seasonally?adjusted million active listings NAR Total Existing Inventory: 1,250,000 As we can see, the housing market is still in a recession.

Construction 488

Construction Inventory Contracts Buyers 488

Housing Wire

DECEMBER 29, 2022

This now goes into a subject matter that is a striking difference between 2022 versus 2008: Inventory and Credit. Housing inventory. Total housing inventory today — using the NAR data — stands at 1.14 As I have explained, this started in the year 2000, when total active listings grew from 2 million to 2.5 million in 2005.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

NOVEMBER 29, 2023

The index, which pegs January 2000 at 100, reached a seasonally adjusted all-time high of 311.175 in September as tight inventory continues to keep prices elevated. Home prices Nationally, home prices continue to inch upward, according to the S&P CoreLogic Case-Shiller Home Price Index published on Wednesday.

Construction 448

Construction Finance Inventory Development 448

Housing Wire

JULY 26, 2022

At today’s level of 590,000 homes , the builders are in a different spot to deal with their inventory issues because they haven’t had a credit sales boom as we saw from 2002-2005. We are easily below the 2000 recession levels and back to 1996 levels in demand. They have taken advantage of the low inventory story in 2020 and 2021.

Construction 514

Construction Housing Market Inventory Marketing 514

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. This represents a supply of 8.9 months at the current sales rate.

Construction 488

Construction Marketing Housing Market Mortgage 488

Housing Wire

SEPTEMBER 28, 2022

In fact, new home sales are below the recession level of 2000 and back to 1996 levels already. They are good at selling their inventory much quicker than existing home sellers, who might still be stingy on prices. million level we saw in 2005. So, when we have a month where demand picks up, it can move the needle in a big way. .

Construction 505

Construction Sellers Inventory Housing Market 505

Housing Wire

NOVEMBER 21, 2022

As of October, more than 80% of existing borrowers had mortgages at least 200 basis points lower than the current market rates, and more than 90% had mortgages at least 100 bps lower — the largest share since at least 2000, the government-sponsored enterprise said. . Existing home sales dropped for nine consecutive months, falling 5.9%

Contracts 397

Contracts Government Mortgage Buyers 397

Housing Wire

FEBRUARY 15, 2023

He was the fourth mortgage loan originator to join Guaranteed Rate in 2000. Combined with declining rates and a lack of inventory in his market, Steinway said a seller’s market has returned. It’s really not so much interest rates that are keeping them away as it is the actual inventory,” he said.

Mortgage 370

Mortgage Loan Officers Lending Retail 370

Housing Wire

MARCH 12, 2024

Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% homeownership rate was close to a record high in census data going back to 2000. in 2023, with a net gain of 377,000 Hispanic owner households from the previous year. In total, more than 9.5 of overall U.S. And the 49.5%

Real Estate Agent 482

Real Estate Agent Real Estate Buyers Realty 482

Housing Wire

MAY 2, 2023

From the year 2000 until the start of the pandemic in 2020, existing-home inventory made up nearly 90% of total home inventory. In the housing market, the seller and the buyer are, in many cases, the same economic actor. To buy a new home, you must sell the home you already own.

Housing Market 418

Housing Market Marketing Sellers Inventory 418

Appraisal Buzz

JUNE 25, 2024

Originally benchmarked to a level of 100 January 2000, the S&P CoreLogic Case-Shiller Index has reached an all-time high of 320.42 growth in active inventory in the housing market in this period. which represents a continuous and steady push of ever-rising home prices on a monthly and yearly basis. Put another way, the U.S.

Inventory 356

Inventory Housing Market Marketing Sellers 356

Housing Wire

APRIL 15, 2022

It was 2000, and the real estate market was fairly uneventful – rates were around 8% and house prices were affordably flat. With resale inventory shockingly low, 1 out of 3 single family homes for sale is new construction. HousingWire : What has been one of the biggest learning opportunities in your career?

Real Estate 370

Real Estate Real Estate Agent Business Housing Market 370

Appraisal Buzz

JUNE 14, 2024

In a landscape marked by limited turnkey housing inventory, significant affordability issues, and relentless competition from cash-rich investors, homebuyers need more than plain vanilla home loans. That is a significant increase from the 13% average between 2000-2019 in new construction.

Marketing 396

Marketing Renovations Construction Finance 396

Eyes on Housing

DECEMBER 8, 2021

The count of open construction jobs increased to 410,000 unfilled positions in October, the highest measure in the history of the data series (going back to late 2000). The housing market remains underbuilt and requires additional labor, lots and lumber and building materials to add inventory. Hiring in the. Read More ›

Construction 179

Construction Inventory Housing Market Marketing 179

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. Currently, new home sales have been trending better as the builders are taking advantage of low existing inventory. Since 44.4% More supply of apartments coming on line will be good news for mortgage rates going forward.

Mortgage 521

Mortgage Construction Supply Chain Housing Market 521

Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory.

Tools 448

Tools Inventory Sellers Buyers 448