Appraisal Buzz

DECEMBER 30, 2024

Despite higher mortgage rates in November and persistent affordability challengers, buyers took advantage of more inventory as pending home sales reached the highest level in nearly two years, said First American Deputy Chief Economist Odeta Kushi. A PHSI reading of 100 is equal to the level of contract activity in 2001.

Contracts 435

Contracts Inventory Buyers Sellers 435

Housing Wire

NOVEMBER 30, 2023

Pending home sales in October fell to their lowest level since 2001. It dropped on an annual basis for the sixth consecutive month NAR chief economist Lawrence Yun is optimistic that declining mortgage rates will help qualify more home buyers in the months ahead, but limited housing inventory will remain the sticking point.

Housing Market 497

Housing Market Inventory Realtors Construction 497

Appraisal Buzz

JUNE 27, 2024

The level of contract activity in 2001 is represented by an index of 100. month-over-month, not just falling below forecasters’ hopes but hitting an all-time low since the NAR began collecting this data in 2001,” said Kate Wood, Home & Mortgage Expert at NerdWallet. “A May’s pending home sales slid 2.1% million in 2023 to 4.26

Contracts 418

Contracts Inventory Buyers Mortgage 418

Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data. That was up from 40% a year ago.

Housing Market 435

Housing Market Buyers Marketing Retail 435

Housing Wire

FEBRUARY 29, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Overall active inventory improved 7.9% However, the timing and number of purchases will largely depend on the prevailing mortgage rates and inventory availability.” from December’s annualized rate.

Contracts 459

Contracts Inventory New Listings Realtors 459

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. It’s worth noting that there will be less inventory until the end of the year compared to the summer months, which happens nearly every year.”. Top markets for affordable renovated housing inventory.

Inventory 448

Inventory Renovations Contracts Buyers 448

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. However, rising mortgage rates and limited inventory have temporarily hindered the possibility of buying for many.”

Inventory 448

Inventory Contracts Buyers Realtors 448

Housing Wire

AUGUST 29, 2024

Anything above 100 is considered to have a higher level of activity relative to 2001. “The positive impact of job growth and higher inventory could not overcome affordability challenges and some degree of wait-and-see related to the upcoming U.S. The index fell by 5.5% month over month to 70.2. presidential election.”

Buyers 459

Buyers Realtors Inventory Sellers 459

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% in 2022. .

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Marketing Buyers Realtors Real Estate 468

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 home sales improved 4.8% a decrease of 3.9%

Contracts 397

Contracts Inventory Buyers Housing Market 397

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said. Buyers are hitting affordability ceilings, causing some of them to sit out the market.

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. Looking ahead Confronted with limited existing home inventory, many buyers have pivoted to newly constructed homes. NAR’s Pending Home Sales Index (PHSI) increased to 77.3 in December, up from 71.6 in November. year over year.

Contracts 482

Contracts Housing Market Construction Inventory 482

Appraisal Buzz

NOVEMBER 27, 2024

An index of 100 is equal to the level of contract activity in 2001. Even with mortgage rates modestly rising despite the Federal Reserve’s decision to cut the short-term interbank lending rate in September, continuous job additions and more housing inventory are bringing more consumers to the market.” week-over-week.

Contracts 418

Contracts Inventory Mortgage Buyers 418

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

Appraisal Buzz

AUGUST 30, 2024

in July, the lowest level since the index’s inception in 2001. The level of contract activity in 2001 is represented by an index of 100. “A The positive impact of job growth and higher inventory could not overcome affordability challenges and some degree of wait-and-see related to the upcoming U.S. over the previous year.

Contracts 312

Contracts Realtors Inventory Buyers 312

Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory continues to prevent housing demand from being fully realized.” Yun, however, is optimistic about the impact increased housing starts and homebuilder confidence will eventually have on housing inventory. “It

Contracts 370

Contracts Inventory Housing Market Realtors 370

Housing Wire

NOVEMBER 27, 2024

The PHSI is benchmarked at 100 in 2001. “Even with mortgage rates modestly rising despite the Federal Reserve ‘s decision to cut the short-term interbank lending rate in September, continuous job additions and more housing inventory are bringing more consumers to the market.” However, there are headwinds. million.

Marketing 370

Marketing Realtors Housing Market Lending 370

Housing Wire

NOVEMBER 29, 2021

An index of 100 is equal to the level of contract activity in 2001.” “This solid buying is a testament to demand still being relatively high, as it is occurring during a time when inventory is still markedly low.” When inventory rises and more supply is on the market, this means demand is fading. in October.

Inventory 532

Inventory Contracts Training Investors 532

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. Housing inventory issue with no booming demand. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5

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Inventory New Listings Law Housing Market 397

Housing Wire

SEPTEMBER 21, 2023

Until interest rates come down, affordability challenges will continue to put first-time buyers on the sidelines, housing industry observers said. In an elevated rate environment, the lack of inventory continues to be the biggest challenge for many potential buyers, the Mortgage Bankers Association said. in 2024, up from the 4.6%

Real Estate 448

Real Estate Mortgage Buyers Inventory 448

Appraisal Buzz

SEPTEMBER 26, 2024

A PHSI reading of 100 is equal to the level of contract activity in 2001. “A Potential August buyers were dealing with the same old story—high prices, low inventory—but had other reasons to hold off, too. It’s also possible that the uncertain atmosphere of the Presidential election is adding to buyers’ hesitation.”

Contracts 359

Contracts Buyers Mortgage Realtors 359

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.” Home prices will be influenced by how much inventory is brought to market. in 2023, settling at 4.38 million in 2024.

Construction 370

Construction Inventory Realtors Housing Market 370

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

Appraisal Buzz

JULY 12, 2024

Nevertheless, compared to the history of the data (which dates back to 2001), 2023 saw the second-highest share of investor purchases. decline in non-investor property sales, even though the share of investor buyers fell by less than 1 percentage point. of buyers who weren’t investors in the same period.

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Investors Inventory Buyers Marketing 370

Appraisal Buzz

SEPTEMBER 29, 2021

An index of 100 is equal to the level of contract activity in 2001. Rising inventory and moderating price conditions are bringing buyers back to the market,” says Lawrence Yun, NAR’s chief economist. Year-over-year, signings dipped 8.3%. Affordability, however, remains challenging as home price gains are roughly three.

Contracts 195

Contracts Realtors Inventory Buyers 195

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 The positive impact of job growth and higher inventory could not overcome affordability challenges and some degree of wait-and-see related to the upcoming U.S.

Contracts 221

Contracts Buyers Realtors Inventory 221

Housing Wire

AUGUST 23, 2023

Rates at the 7% or 8% level could spur a reduction in home prices, but current inventory issues have limited this impact. “We would have to go back to 2001 to find mortgage rates above 7.0%. Inventory remains thin. Altos Research shows that single-family inventory rose to 496,541 on August 18 from 492,140 on August 11.

Mortgage 370

Mortgage Loan Officers Inventory Housing Market 370

Housing Wire

AUGUST 14, 2023

This momentous shift dismantled the barriers that once confined inventory to cumbersome books where practitioners were no longer at the mercy of brokers who held real estate data hostage for their own advantage. According to a 2001 NAR survey , only 69% of buyers used the services of a real estate agent.

Real Estate 370

Real Estate Real Estate Agent Marketing Technology 370

Housing Wire

APRIL 20, 2022

But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. In addition, according to the NAR 2021 Profile of Home Buyers and Sellers report , 87% of buyers who recently purchased homes did so through a real estate agent or broker, up from 69% in 2001.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Brokerage 448

DW Slater Company

JUNE 6, 2022

Do the buyers know that this occurred in the home? Like most things in real estate, the answer is “it depends” According to a 2001 study by James Larsen , a professor of finance at Wright University, “a cross-section of homes where homicides, suicides or hauntings were reported sold for 2.9 The Gore House in 2022.

Real Estate 171

Real Estate Appraisal Market Value Marketing 171

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 resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9% decrease to a 15.3%

Inventory 50

Inventory Sellers Buyers Contracts 50

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

Houston Properties

JANUARY 12, 2022

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). Why We're Fearful: Buyer & Seller Mistakes. I’m A Buyer. Why We’re Fearful: Buyer & Seller Mistakes. "A

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Real Estate Marketing Real Estate Agent Realtors 36

Appraisal Today

JUNE 10, 2022

Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. ” The most popular reason for respondents rebuffing the bubble thesis is strong market fundamentals, including demographics, scarce inventory and shifting housing preferences. Available to rent on Airbnb, of course.

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Appraisal Contracts Business 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. There are benefits. And the URAR is truly a “uniform” form.

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Appraisal Reconsideration of Value Insurance Contracts 63

Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

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HOA Transportation Construction Buyers 36

Housing Wire

APRIL 13, 2022

in 2001 to 44.8% While home inventories remain low, the prospects for first-time buyers diminish. Action must be taken to provide adequate credit access to homebuyers and encourage the housing market to expand opportunities for American households. Black homeownership rates have declined from 48.4% Prices continue to rise.

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Insurance Construction Government Lending 397