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 470

Housing Market Inventory Realtors Construction 470

Housing Wire

MAY 25, 2023

“Elevated mortgage rates and economic uncertainty, along with still-low inventory, means that new pending sales were down more than 20% from a year ago, and were lower even compared to 2019 levels.” An index of 100 is equal to the level of contract activity in 2001. Regionally, the Midwest (78.4), South (99.6), and West (62.2)

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Inventory Housing Market Contracts Government 356

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.

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Inventory Renovations Contracts Buyers 448

Housing Wire

AUGUST 3, 2021

Home prices continue to increase as national inventory levels remain low heading into August. Bend, Oregon, with beautiful scenery, a bevy of craft breweries and microscopic home inventory, saw the second-highest home price increase in the country year-over-year, at 35.4%. But relief for buyers could be coming in the next 12 months.

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Buyers Inventory Realtors Contracts 514

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. in November.

Contracts 435

Contracts Inventory Buyers Sellers 435

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 overall pending home sales index fell 1.9% in June, according to the National Association of Realtors , which tracks the metric. (An

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Marketing Buyers Realtors Real Estate 468

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.

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Contracts Housing Market Construction Inventory 478

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. year over year in 2023 to 670,000 homes due to higher new home inventory than existing home inventory. year over year.

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Inventory Realtors Contracts Construction 422

Housing Wire

AUGUST 30, 2023

An index of 100 is equal to the level of contract activity in 2001. However, rising mortgage rates and limited inventory have temporarily hindered the possibility of buying for many.” Sales activity is expected to remain slow for the rest of the year, as inventory remains low and mortgage rates remain high, noted Sturtevant.

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Inventory Contracts Buyers Realtors 430

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 406

Contracts Inventory New Listings Realtors 406

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

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.

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Contracts Realtors Inventory Buyers 312

Appraisal Buzz

JULY 31, 2024

The rise in housing inventory is beginning to lead to more contract signings,” said Lawrence Yun, NAR Chief Economist. The level of contract activity in 2001 is represented by an index of 100. on a monthly basis in June as already muted buyer demand was split between new home inventory and growing existing home inventory.

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Contracts Inventory Buyers Housing Market 397

Housing Wire

JANUARY 15, 2025

Data from the Urban Institute shows that mortgage credit availability as of second-quarter 2024 remains far below what is judged to be reasonable lending standards from 2001 to 2003. USC researchers offered two key solutions to address the growing inventory shortage.

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Lending Housing Market Inventory Construction 356

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 396

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 418

Buyers Realtors Inventory Sellers 418

Appraisal Buzz

OCTOBER 30, 2024

The amount of contract activity in 2001 is represented by an index of 100. Contract signings rose across all regions of the country as buyers took advantage of the combination of lower mortgage rates in late summer and more inventory choices,” said Lawrence Yun, Chief Economist for NAR. September saw a 7.4% year-over-year.

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Contracts Buyers Inventory Mortgage 418

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 531

Inventory Contracts Training Investors 531

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 310

Contracts Inventory Housing Market Realtors 310

Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Realtor.com Senior Economic Research Analyst Hannah Jones said that the early fall market benefits from “a build up in inventory left over from the summer as buyer demand fades, as well as below-peak prices.” Existing home sales also fell in August, down 15.3%

Housing Market 441

Housing Market Contracts Government Buyers 441

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.”

Marketing 301

Marketing Realtors Housing Market Lending 301

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%

Buyers 424

Buyers Mortgage New Listings Real Estate 424

Appraisal Buzz

JUNE 21, 2024

million renters lived in single-family homes in 2001, making up just under 30% of all renters. elementor-widget-heading.elementor-heading-title.elementor-size-xxl{font-size:59px} Breaking down the market For Point2Home’s study, inventory of single-family homes for rent in the 100 largest U.S. According to U.S. Census data, 10.9

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Inventory Construction Marketing Mortgage 393

Housing Wire

SEPTEMBER 29, 2022

An index of 100 is equal to the level of contract activity in 2001. According to Yun, limited inventory and almost non-existent distressed property sales have supported home prices, which he predicts will rise by 9.6% The Pending Home Sales Index has declined for nine out of the past 10 months. Presented by: Evocalize.

Contracts 356

Contracts Realtors Inventory Marketing 356

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Home prices will be influenced by how much inventory is brought to market. Nevertheless, inventory shortages and living alternatives are likely to keep a lid on existing home sales this year. The NAR’s Pending Home Sales Index climbed to a reading of 76.8

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Construction Inventory Realtors Housing Market 339

Housing Wire

FEBRUARY 15, 2023

He then transitioned to PHH Home Loans in 2001 for an in-house lending stint, a role he stayed in for about nine years. Combined with declining rates and a lack of inventory in his market, Steinway said a seller’s market has returned. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000.

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Mortgage Loan Officers Lending Retail 334

Housing Wire

SEPTEMBER 21, 2023

In an elevated rate environment, the lack of inventory continues to be the biggest challenge for many potential buyers, the Mortgage Bankers Association said. Mortgage rates have been on an upward trend this year with rates in August surging to 7.23% —the highest since 2001. Fed officials expect interest rates to be at 5.1%

Real Estate 402

Real Estate Mortgage Buyers Inventory 402

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

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. NAR’s Pending Home Sales Index (PHSI) is a forward-looking indicator of home sales based on contract signings, ad increased to 70.6

Contracts 359

Contracts Buyers Mortgage Realtors 359

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. presidential election.”

Contracts 221

Contracts Buyers Realtors Inventory 221

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. As new rental inventory moved through the pipeline this year, multifamily completions increased nationwide. The number of investor transactions decreased by 25.3%

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Investors Inventory Buyers Marketing 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. By contrast, the 30-year fixed-rate mortgage was at 5.55% a year ago at this time.

Mortgage 364

Mortgage Property Taxes Investors Buyers 364

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 356

Mortgage Loan Officers Inventory Housing Market 356

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.

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Real Estate Real Estate Agent Marketing Technology 329

Housing Wire

JULY 21, 2022

If rates continue to go up that’s where you’ll see that 10% shift,” said Lizell, who has been investing since 2001 and noted that a correction is already taking place in non-real estate markets. “If That’s still strong demand by historical standards, a function in part of the low inventory of properties available at foreclosure auction.

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Housing Market Buyers Marketing Retail 414

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.

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Real Estate Agent Real Estate Agents Brokerage 405

DW Slater Company

JUNE 6, 2022

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 How much does a murder impact the value of a property? You can check it out here.

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Real Estate Appraisal Market Value Marketing 171