Appraisal Buzz

OCTOBER 30, 2024

The amount of contract activity in 2001 is represented by an index of 100. Pending house sales are a good indicator of market conditions and typically follow existing home sales by one to two months. Due to limited demand and rising availability, housing competition has diminished nationally. September saw a 7.4%

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Contracts Buyers Inventory Mortgage 418

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. But the market has only been able to maintain the low 6% rate for short time periods. On a positive note, builder confidence improved when mortgage rates fell from 7.5%

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Construction Mortgage Development Buyers 539

Housing Wire

JULY 31, 2024

A reading of 100 is equal to the level of contract activity in 2001. According to industry analysts, May’s index value was the lowest reading recorded since NAR began collecting the data in 2001. NAR chief economist Lawrence Yun attributed some of the uptick to an increase in housing inventory. in May to 74.3

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Housing Market Contracts Inventory Realtors 468

Housing Wire

JULY 29, 2021

An index of 100 is equal to the average level of contract activity during 2001, the first year examined. The volume of existing-home sales in 2001 was within the range of 5 to 5.5 The “seesaw” nature of pending home sales could indicate a turning point for the housing market, according to Lawrence Yun, NAR chief economist.

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Marketing Buyers Realtors Real Estate 468

Housing Wire

JANUARY 3, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending-home sales in November reflect a freeze in the housing market, as buyers remain on the sideline and sellers are staying put,” Odeta Kushi, First American’s deputy chief economist, said in a statement.

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Contracts Housing Market Realtors Construction 511

Housing Wire

NOVEMBER 30, 2023

Pending home sales in October fell to their lowest level since 2001. Historically high rates harmed the housing market in October Annualized existing home sales remained below 4 million in October, the lowest rate since 2010. In today’s tough housing market, the rental market is cooling off, giving some relief to homebuyers.

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Housing Market Inventory Realtors Construction 497

Housing Wire

MAY 25, 2023

The housing market looks different than it does during a typical spring, when the market is usually in full gear,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. An index of 100 is equal to the level of contract activity in 2001. annual drop recorded in March.

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Inventory Housing Market Contracts Government 397

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It August may be the beginning of the end of this resilient housing market, at least for a while,” Sturtevant said.

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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. 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.

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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. Kushi added that more buyers may be enticed back into the market if mortgage rates continue to fall and inventory levels continue to rise.

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Inventory Contracts Realtors Buyers 501

Housing Wire

OCTOBER 28, 2022

An index of 100 is equal to the level of contract activity in 2001. Persistent inflation has proven quite harmful to the housing market,” Lawrence Yun, NAR’s chief economist, said in a statement. Year over year, the PHSI was down 31.0%, marking the 16 th consecutive month of annual drops.

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Contracts New Listings Realtors Housing Market 528

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

SEPTEMBER 26, 2024

A reading of 100 is equal to the level of contract activity in 2001. NAR chief economist Lawrence Yun attributed the modest uptick in contract signings to improved housing affordability due to lower mortgage rates. The Pending Home Sales Index rose 0.6% month over month in August to a reading of 70.6.

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Contracts Realtors Housing Market Mortgage 457

Housing Wire

FEBRUARY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Bright MLS chief economist Lisa Sturtevant added: “The new pending sales data for January provides further evidence that the housing market may have bottomed out at the end of last year. Despite the strong monthly increase, pending home sales are down 24.1%

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Housing Market Realtors Contracts Buyers 459

Appraisal Buzz

JANUARY 27, 2022

An index of 100 is equal to the level of contract activity in 2001. The post Housing Market Sees a 3.8% The Pending Home Sales Index (PHSI) fell 3.8% in December. Year-over-year, transactions decreased 6.9%. “Pending home sales faded toward the end of 2021, as a.

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Housing Market Contracts Marketing Realtors 195

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.

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Contracts Inventory Housing Market Realtors 370

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.

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Inventory Construction Housing Market Business 514

Housing Wire

AUGUST 30, 2023

However, unlike the market for new homes , which has recovered convincingly above last year’s lows (+31.5%), pending home sales continue to lag behind year-ago levels (-14.0%). An index of 100 is equal to the level of contract activity in 2001. Year over year, pending home sales were down 14%, a smaller decrease than the 15.6%

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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. But we believe the market will turn.” On an annual basis, the index fell by 8.5% The index fell by 5.5%

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Buyers Realtors Inventory Sellers 459

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. “The

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Contracts Realtors Mortgage Buyers 448

Housing Wire

MARCH 28, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. NAR’s Pending Home Sales Index increased to 75.6 in February, up from 74.3 in January. On a year-over-year basis, pending sales were down 7%. There will be a steady rise in inventory from recent growth in home building,” Yun added.

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Inventory Realtors Contracts Sellers 482

Housing Wire

OCTOBER 6, 2023

With 30-year fixed mortgage rates climbing to a 23-year high, the Mortgage Bankers Association (MBA) called on the Federal Reserve to bring some certainty to financial markets. “It to 5% – the highest level since 2001. The central bank currently holds about $2.6 trillion of MBSs as part of its roughly $8 trillion securities portfolio.

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Government Mortgage Investors Finance 493

Housing Wire

OCTOBER 18, 2022

due to the slowdown in the housing market, according to the firm. Established in 2001, the Nevada-headquartered company delivers solutions to modernize the appraisal process, which may take days to weeks to complete, or even longer during booming markets.

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Valuation Modernization Appraisal Real Estate 435

Housing Wire

JULY 5, 2022

Last month, the Federal Housing Finance Agency released plans, developed by Fannie Mae and Freddie Mac , to make the housing market more equitable, in part through changes to the appraisal process. The two desktop appraisal solutions were developed to meet new desktop appraisal guidelines in April. .

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Modernization Valuation Property Taxes Appraisal 418

Housing Wire

JANUARY 25, 2023

The firm announced on Wednesday that it was eliminating about 24% of its workforce, or over 250 jobs, as it restructures departments and consolidates teams amid a tough housing market. The firm reduced its workforce by about 27%, or about 350 positions, in October following a slowdown in the housing market.

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Valuation Technology Modernization Appraisal 418

Housing Wire

FEBRUARY 29, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. The job market is solid, and the country’s total wealth reached a record high due to stock market and home price gains,” NAR chief economist Lawrence Yun said in a statement. “The from December’s annualized rate.

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Contracts Inventory New Listings Realtors 459

Housing Wire

DECEMBER 28, 2023

Pending home sales in November were largely unchanged from October’s levels, a month that saw the lowest pending sales since 2001. Looking ahead Lower rates could also improve the new home sales market according to Logan Mohtashami, lead analyst for HousingWire. NAR’s Pending Home Sales Index (PHSI) recorded a minor increase to 71.6

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Realtors Contracts Mortgage Marketing 482

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

JULY 31, 2024

The level of contract activity in 2001 is represented by an index of 100. Though the recent pick-up in inventory is great news for buyers, active listings remain well below pre-pandemic levels, which has kept home prices elevated and has pushed many would-be buyers out of the market.” Pending transactions decreased 2.6% June saw a 3.4%

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Contracts Inventory Buyers Housing Market 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. About 1,820 homes were sold in the city in January alone, a 7.2%

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Mortgage Construction Lending Real Estate 397

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%

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Real Estate Mortgage Buyers Inventory 448

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.

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Inventory New Listings Law Housing Market 397

Housing Wire

FEBRUARY 7, 2024

. “The remarkable final sale price for ‘La Dune’ reflects its stunning design, exclusive address, and historic pedigree,” said Chad Roffers, the founder and CEO of Sotheby’s Concierge Auctions, who recently appeared on HousingWire’s Power House Podcast.

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Luxury Properties Real Estate Design Realty 457

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. The monthly drop resulted in the Pending Home Sales Index recording a reading of 78.9, year over year. year over year to 4.56

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Inventory Realtors Contracts Construction 459

Housing Wire

SEPTEMBER 29, 2022

An index of 100 is equal to the level of contract activity in 2001. How to make digital marketing easy and effective for mortgage professionals. The shift to a purchase market makes effective digital marketing even more important, and collaborative marketing technology can generate more demand while reducing time spent on marketing.

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Contracts Realtors Inventory Marketing 418

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. “It in 2023, to 720,000.

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Construction Inventory Realtors Housing Market 370

Housing Wire

SEPTEMBER 15, 2023

Rates last month surged to 7.23%—the highest since 2001 – sending the typical homebuyer’s monthly payment up significantly from last year. Home prices not expected to fall Home prices are high due to competition among buyers for limited inventory in the market. That rate is up from 14.3% The median U.S. This price was 2.8%

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Buyers Mortgage New Listings Real Estate 448