Housing Wire

OCTOBER 28, 2022

An index of 100 is equal to the level of contract activity in 2001. The Federal Reserve has had to drastically raise interest rates to quell inflation, which has resulted in far fewer buyers and even fewer sellers.”. Only when inflation is tamed will mortgage rates retreat and boost home purchasing power for buyers.”.

Contracts 528

Contracts New Listings Realtors Housing Market 528

Housing Wire

MARCH 31, 2021

drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. An index of 100 is equivalent to the level of pending sales in 2001. Potential buyers may have to enlarge their geographic search areas, given the current tight market,” Yun said. “If and West (96.9)

Inventory 511

Inventory Contracts Housing Market Buyers 511

Housing Wire

JANUARY 3, 2023

“Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates , which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home,” Lawrence Yun, NAR’s chief economist, said in a statement. On a month over month basis, all four of the major U.S.

Contracts 511

Contracts Housing Market Realtors Construction 511

Appraisal Buzz

OCTOBER 30, 2024

increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, The amount of contract activity in 2001 is represented by an index of 100. Year-over-year, contract signings grew in the Northeast and West and were unchanged in the Midwest and South. September saw a 7.4%

Contracts 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

FEBRUARY 29, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Meanwhile, new home sales , which are also a measure of contract signings, reached a seasonally adjusted annual rate of 661,000 in January, up 1.5% NAR’s Pending Home Sales Index (PHSI) decreased to 74.3 in January, down from 77.3

Contracts 459

Contracts Inventory New Listings Realtors 459

Appraisal Buzz

JUNE 27, 2024

Indicator of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) dropped to 70.8 The level of contract activity in 2001 is represented by an index of 100. A continued dearth of inventory, high home prices and stable mortgage interest rates have kept would-be home buyers at bay this spring.”

Contracts 418

Contracts Inventory Buyers Mortgage 418

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said.

Housing Market 497

Housing Market Contracts Government Buyers 497

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. The Northeast was the only region to see a decline in contract signings, with a drop of 3% month over month and 3.9%

Contracts 482

Contracts Housing Market Construction Inventory 482

Appraisal Buzz

JULY 31, 2024

The rise in housing inventory is beginning to lead to more contract signings,” said Lawrence Yun, NAR Chief Economist. Multiple offers are less intense, and buyers are in a more favorable position.” A measure of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) increased to 74.3

Contracts 397

Contracts Inventory Buyers Housing Market 397

Housing Wire

JULY 29, 2021

Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. An index of 100 is equal to the average level of contract activity during 2001, the first year examined. on the index in June, an 8.7%

Marketing 468

Marketing Buyers Realtors Real Estate 468

Housing Wire

AUGUST 30, 2023

An index of 100 is equal to the level of contract activity in 2001. “The small gain in contract signings shows the potential for further increases in light of the fact that many people have lost out on multiple home buying offers,” said NAR Chief Economist Lawrence Yun.

Inventory 448

Inventory Contracts Buyers Realtors 448

Housing Wire

JANUARY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. “We Interested buyers are out there. “This recent low point in home sales activity is likely over,” Lawrence Yun, NAR’s chief economist, said in a statement. Despite the monthly increase, pending home sales are down 33.8% compared to December 2021.

Contracts 448

Contracts Realtors Mortgage Buyers 448

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. The index dropped to 116.7

Inventory 448

Inventory Renovations Contracts Buyers 448

Appraisal Buzz

NOVEMBER 27, 2024

NAR’s Pending Home Sales Index (PHSI)–a forward-looking indicator of home sales based on contract signings–rose 2% to 77.4 An index of 100 is equal to the level of contract activity in 2001. While increased inventory provides buyers with more options, the reality remains–you can’t buy what you can’t afford.” in October.

Contracts 418

Contracts Inventory Mortgage Buyers 418

Appraisal Buzz

SEPTEMBER 26, 2024

NAR’s Pending Home Sales Index (PHSI) is a forward-looking indicator of home sales based on contract signings, ad increased to 70.6 A PHSI reading of 100 is equal to the level of contract activity in 2001. “A However, contract signings remain near cyclical lows even as home prices keep marching to new record highs.”

Contracts 359

Contracts Buyers Mortgage Realtors 359

Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” Lawrence Yun , the chief economist of NAR, said in a statement. annual drop recorded in April.

Contracts 370

Contracts Inventory Housing Market Realtors 370

Housing Wire

FEBRUARY 27, 2023

Buyers responded to better affordability from falling mortgage rates in December and January,” Lawrence Yun, NAR’s chief economist, said in a statement. An index of 100 is equal to the level of contract activity in 2001. After posting a 2.5% month-over-month increase in December , the Pending Home Sales Index rose 8.1%

Housing Market 459

Housing Market Realtors Contracts Buyers 459

Housing Wire

NOVEMBER 30, 2022

An index of 100 is equal to the level of contract activity in 2001. October was a difficult month for home buyers as they faced 20-year-high mortgage rates,” Lawrence Yun, NAR’s chief economist, said in a statement. Pending home sales have now fallen in 11 of the last 12 months.

Realtors 397

Realtors Contracts Buyers Mortgage 397

Housing Wire

NOVEMBER 29, 2021

From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% An index of 100 is equal to the level of contract activity in 2001.” in October. Year-over-year, signings fell 1.4%.

Inventory 532

Inventory Contracts Training Investors 532

Appraisal Buzz

SEPTEMBER 29, 2021

The National Association of Realtors ’ Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, increased 8.1% An index of 100 is equal to the level of contract activity in 2001. Year-over-year, signings dipped 8.3%.

Contracts 195

Contracts Realtors Inventory Buyers 195

Housing Wire

AUGUST 24, 2023

This week, the 30-year fixed-rate mortgage reached its highest level since 2001 and indications of ongoing economic strength will likely continue to keep upward pressure on rates in the short-term,” said Sam Khater, Freddie Mac’s chief economist. In July, 26% of existing homes sold to cash buyers while 7% of new homes sold to cash buyers.

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Given the ongoing job additions, any meaningful decline in mortgage rates could lead to a rush of buyers later in the year and into the next.” The NAR’s Pending Home Sales Index climbed to a reading of 76.8 NAR expects existing-home sales to decrease 12.9%

Construction 370

Construction Inventory Realtors Housing Market 370

Appraisal Buzz

AUGUST 29, 2024

Regionally, and month over month, contract signings decreased 1.4% As a result, the Pending Home Sales Index (PHSI) fell to a score of 70.2 – the lowest reading since the index began tracking in 2001. “A Current lower, falling mortgage rates will no doubt bring buyers into market.” Pending home sales decreased 5.5% in the West.

Contracts 221

Contracts Buyers Realtors Inventory 221

Housing Wire

MAY 31, 2022

increase year over year for properties under contract, indicating that demand in the city remains strong,” said Elizabeth Anne Stribling-Kivlan, Compass’ senior managing director. The company estimates there are about 3 million “aged properties” in the Chicago area alone, with almost 88% of them built before 2001.

Mortgage 397

Mortgage Construction Lending Real Estate 397

Housing Wire

AUGUST 14, 2023

It significantly streamlined transactions , slashing hours of wasted drive time chauffeuring documents in between soccer games and dinners, creating competitive advantage by shortening contract periods and empowering agents to conduct business across borders in minutes versus days.

Real Estate 370

Real Estate Real Estate Agent Marketing Technology 370

Housing Wire

APRIL 20, 2022

Just how we do contracts now is so much faster. The back end systems, when we are listing something or putting something under contract, it is all just very seamless. We did have faxes, it wasn’t the beginning of time, but everything is almost instantaneous now.”. Brokerages Invest in Tech. Real estate agents are busier than ever.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

McKissock

APRIL 28, 2021

It makes sense, but it can make the real estate process even tougher for buyers. Here’s how to handle emotional buyers like the pro that you are. As of 2020, a whopping 88% of home buyers relied on the help of a real estate agent to get them through the process. Know Their Problems — and Solve Them.

Real Estate Agent 87

Real Estate Agent Real Estate Buyers Agents 87

Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This report analyzes the sales figures, average prices, the number of active listings, and listings under contract for both 2023 and 2022. Maine Sales Decreased by 18.9%

Inventory 50

Inventory Sellers Buyers Contracts 50

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. I got it mostly for MLS access and have only done one sale, representing the buyer. percent from 0.6

Appraisal 80

Appraisal Agents Real Estate Real Estate Agent 80

Appraisal Today

JULY 12, 2024

The college requirements1 have been a part of the Criteria (in one form or another) since the AQB initiated public discussion of these requirements in 2001, formal adoption in 2004, and subsequent implementation in 2008. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.87

Appraisal 68

Appraisal Design Contracts Business 68

Appraisal Today

JUNE 10, 2022

Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. These worsening affordability challenges have been particularly hard on prospective first-time buyers.”. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 5.30

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

OCTOBER 28, 2022

2022 Study: More Than Half of Buyers Would Purchase a Haunted Home in a Competitive Market. About 58% of home buyers say they’d consider purchasing a haunted home, according to our new survey of 1,000 Americans. Maybe now buyers would be less interested in haunted houses. percent, the highest rate since 2001.

Appraisal 52

Appraisal Contracts Valuation Mortgage 52

Appraisal Today

OCTOBER 18, 2024

In 2001, Tony and Jeanne paid $9.5 But the UAD also removes some of the benefit of appraisers’ reactions — which may mirror the behavior, thinking, and psychology of “typical” buyers! Added Kan, “Demand is holding up to an extent for prospective first-time buyers. The average contract interest rate for 5/1 ARMs increased to 6.14

Appraisal 63

Appraisal Reconsideration of Value Insurance Contracts 63

Appraisal Today

JUNE 3, 2022

We’ve seen more luxury properties sell (larger homes) and buyers at higher price points (larger homes) have been taking advantage of being able to work from home. Most of all, we’re seeing buyers become more sensitive to price, location, and condition since affordability has taken such a beating lately. To read more, click here.

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

Appraisal Today

MARCH 31, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, AMCs, unusual homes, mortgage origination stats, etc. == Arizona House With a Quirky Boxcar Bunker Quickly Finds a Buyer Excerpts: 4,091 square feet. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.25

Appraisal 52

Appraisal Inspection Contracts Clients 52

Housing Wire

APRIL 29, 2021

The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 Though homes in contract are not always closed, the index figure is a strong indication that home sales will rebound in the coming months after an inventory-induced decline.

Contracts 448

Contracts Inventory Construction Realtors 448

Appraisal Today

DECEMBER 9, 2022

When I did my national conferences from 2001 to 2006 there were no tests. ==. Due to rising interest rates, many potential home buyers are currently unable to qualify to buy the properties they want. Qualified buyers and listing prices. The average contract interest rate for 15-year fixed-rate mortgages decreased to 5.84

Appraisal 52

Appraisal Contracts Business Mortgage 52