Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. in December, up from 71.6 in November. million units.

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Contracts Housing Market Construction Inventory 482

Housing Wire

JUNE 27, 2024

An index of 100 is equal to the level of contract activity in 2001. According to industry analysts, this is the lowest index reading recorded since NAR began collecting the data in 2001. With rates moderating in June, purchase mortgage applications indicate that rate-sensitive buyers are hesitantly responding.” The PHSI fell 2.1%

Inventory 501

Inventory Contracts Realtors Buyers 501

Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. An index of 100 is equivalent to the level of pending sales in 2001. A healthy housing market is considered roughly six months of supply. and West (96.9) respectively.

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Inventory Contracts Housing Market Buyers 511

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

NOVEMBER 27, 2024

Despite the recent rise in mortgage rates, early indicators suggest that the housing market is pointed in the right direction. The PHSI is benchmarked at 100 in 2001. Higher mortgage rates mean that some buyers might decide to wait until 2025.” year over year and 2% compared to September. However, there are headwinds.

Marketing 370

Marketing Realtors Housing Market Lending 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. Instead, expect a bumpy road on the way to a more normal housing market in 2023.” After posting a 2.5%

Housing Market 459

Housing Market Realtors Contracts Buyers 459

Housing Wire

AUGUST 30, 2023

An index of 100 is equal to the level of contract activity in 2001. “Jobs are being added and, thereby, enlarging the pool of prospective home buyers. Buyers are being forced to lengthen their home search since there are so few properties available for sale,” she said. Overall, pending home sales fell in all four U.S.

Inventory 448

Inventory Contracts Buyers Realtors 448

Housing Wire

AUGUST 29, 2024

to the second lowest seasonally adjusted rate in the data’s history, topping only April of 2020 when the market was frozen by the pandemic. Anything above 100 is considered to have a higher level of activity relative to 2001. On an annual basis, the index fell by 8.5% The index fell by 5.5% month over month to 70.2.

Buyers 459

Buyers Realtors Inventory Sellers 459

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 29, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. As a result, long-term housing demand is increasing more significantly in these regions. ” Lower mortgage rates buoyed buyer demand in early 2024, but rates started to inch back up toward 7% in February. in December.

Contracts 459

Contracts Inventory New Listings Realtors 459

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.” The level of contract activity in 2001 is represented by an index of 100. Pending transactions decreased 2.6% a decrease of 3.9%

Contracts 397

Contracts Inventory Buyers Housing Market 397

Appraisal Buzz

OCTOBER 30, 2024

The amount of contract activity in 2001 is represented by an index of 100. Jones explained that pending home sales, also known as contract signings, measure the first official stage of a home sale transaction—when a buyer and seller have reached an agreement on terms and price. September saw a 7.4% the highest level since March (78.3).

Contracts 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

APRIL 2, 2021

“The prime-age labor force participation rate fell in the aftermath of the Great Recession and it took a decade to return to the pre-Great Recession average (2001-2007) of 83%,” Kushi said. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints.

Inventory 514

Inventory Construction Housing Market Business 514

Housing Wire

NOVEMBER 19, 2024

When it comes down to it, the supply and demand model works and new home sales currently today are still below levels we saw during the tech recession in 2001. According to the data, we know that builders have the potential to boost sales by offering lower rates to attract buyers. However, rates have since increased again.

Construction 539

Construction Mortgage Development Buyers 539

Housing Wire

JANUARY 27, 2023

Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.” An index of 100 is equal to the level of contract activity in 2001. “We We now have multiple leading housing indicators that are pointing to modestly higher sales activity.

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

Housing Wire

SEPTEMBER 21, 2023

The housing market will remain subdued until the Federal Reserve starts cutting rates next year, according to economists and housing pros following the central bank’s Wednesday announcement to leave the benchmark rate unchanged in the target range of 5.25%-5.5%. Fed officials expect interest rates to be at 5.1%

Real Estate 448

Real Estate Mortgage Buyers Inventory 448

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. Year over year, the PHSI was down 37.0%, marking the 17 th consecutive month of annual declines.

Realtors 397

Realtors Contracts Buyers Mortgage 397

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. Chicago’s housing market started out hot in 2022. Department of Agriculture (USDA). during the same time.

Mortgage 397

Mortgage Construction Lending Real Estate 397

Housing Wire

AUGUST 10, 2023

Another rate hike in September would move the target federal funds rate to its highest level since March 2001. The economy remains strong for the real estate sector According to George Ratiu, chief economist at Keeping Current Matters , real estate markets have benefited from more people gaining jobs and better paychecks this year.

Mortgage 370

Mortgage Real Estate Buyers Construction 370

Housing Wire

AUGUST 24, 2023

Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.23% as of August 24, up from last week ’s 7.09%. What does it mean for the housing market ? Other indices showed even higher mortgage rates. said Sturtevant.

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. The recovery has not taken place, but the housing recession is over,” said NAR Chief Economist Lawrence Yun. The presence of multiple offers implies that housing demand is not being satisfied due to lack of supply. Meanwhile, housing starts are forecast drop 5.3%

Construction 370

Construction Inventory Realtors Housing Market 370

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5 million listings. Some sell to rent, of course.

Inventory 397

Inventory New Listings Law Housing Market 397

Appraisal Buzz

AUGUST 29, 2024

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.” One interesting trend we’ve noticed is that buyers are picking bigger houses. in the Midwest, 11.5%

Contracts 221

Contracts Buyers Realtors Inventory 221

Housing Wire

NOVEMBER 29, 2021

An index of 100 is equal to the level of contract activity in 2001.” ” One of the themes that I wanted to give to my readers is that housing data had surged toward the end of 2020, which created a high that couldn’t be sustained. When inventory rises and more supply is on the market, this means demand is fading.

Inventory 532

Inventory Contracts Training Investors 532

Housing Wire

AUGUST 23, 2023

” The housing market According to Ratiu, viewed from the perspective of the past 20 years, the current 30-year fixed mortgage has high watermark rates. “We would have to go back to 2001 to find mortgage rates above 7.0%. Historically, rates tend to follow trends in inflation, with a lag of several months.”

Mortgage 370

Mortgage Loan Officers Inventory Housing Market 370

Housing Wire

MARCH 1, 2022

Clearly, we love that the housing market supports so many professionals and households. But ultimately, efficient mortgage lending and real estate sales is what is most important to a healthy housing market. Knock.com offers solutions for both buyers and sellers. This could be read through a negative lens.

Real Estate 397

Real Estate Brokerage Real Estate Agent Technology 397

Lamacchia Realty

JUNE 3, 2021

Angela Harkins has been a REALTOR® since 2001 and built her own team back in 2008. He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. In 2018 and 2019 , she was awarded Most Sales and Most Sales Volume for our Woburn Office.

Realty 67

Realty Agents Real Estate Human Resources 67

Lamacchia Realty

JULY 7, 2023

Since then, she has taken off running and has helped her buyers and sellers reach their goals. Cyndi thrives to make her buyers and sellers her top priority. To learn more about Shauna, click here: Shauna Fanning Angela Harkins has been a REALTOR® since 2001 and built her own team back in 2008.

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Realtors Realty Real Estate Clients 74

Realvals

JANUARY 4, 2017

For the most part, these charts represent the housing market in Orange County for 2016 quite well. Masters CR Newport Coast $13,000,000 11908/AP 2001 0.473/20,596. For attached properties, the majority of the averages are between $400,000 and $500,000, which gives buyers in that price range plenty of options.

Real Estate 78

Real Estate Home Value Appraisal Housing Market 78

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. ADUs are not unique to urban locations and are becoming a crucial part of the housing market.

Appraisal 69

Appraisal Design Contracts Business 69

Housing Wire

APRIL 29, 2021

The National Association of Realtors released encouraging news Thursday about the future of the housing market. 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 in March, after two consecutive months of decline.

Contracts 448

Contracts Inventory Construction Realtors 448

Appraisal Today

JUNE 10, 2022

House decorating used a lot of seashells and items found on the local beach. Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. Hot housing market not a bubble, economists say. Available to rent on Airbnb, of course. Jun 7, 2022. percent the previous week.

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Appraisal Contracts Business Mortgage 52

Appraisal Today

JUNE 3, 2022

Excerpts: The housing market sizzle has faded and we’ve entered a different season. We’ve basically said goodbye to the most aggressive housing market ever, and we’re in a new market now. Granted, the housing trend still feels elevated from normal, so it’s an error to call this market cold.

Appraisal 52

Appraisal Contracts Real Estate Marketing 52

Houston Properties

JANUARY 12, 2022

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. Concerned about a housing market crash? While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017).

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Real Estate Marketing Real Estate Agent Realtors 36

Movoto

JULY 31, 2024

This was like 2001. So back in the day in 2001. Like you would hope the industry, the American housing market would [00:05:00] change more than simply being able to sign something electronically in 24 years. housing market is that the American dream, right, has always been to own a house.

Real Estate 36

Real Estate Investing Agents Real Estate Agent 36

Appraisal Today

OCTOBER 28, 2022

Haunted House Appraisals. 2022 Study: More Than Half of Buyers Would Purchase a Haunted Home in a Competitive Market. Excerpts: How many people lived in a real haunted house? About 58% of home buyers say they’d consider purchasing a haunted home, according to our new survey of 1,000 Americans. October 10, 2022.

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Appraisal Contracts Valuation Mortgage 52