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

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

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. The latest signal comes from the National Association of Realtors ‘ (NAR) Pending Home Sales Index (PHSI), which shows sales in October growing 5.4%

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Marketing Realtors Housing Market Lending 370

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. Presented by: Auction.com.

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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.

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Contracts Inventory Buyers Sellers 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% 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

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Contracts Inventory New Listings Realtors 459

Housing Wire

JANUARY 15, 2025

The resulting housing market crash and the Great Recession led policymakers to overcorrect by tightening mortgage lending standards and limiting funds for new construction. In turn, millennials , who were just starting to enter the housing market, were faced with fewer choices as homebuilding activity fell to its lowest level in 60 years.

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Lending Housing Market Inventory Construction 418

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

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. NAR’s Pending Home Sales Index (PHSI) increased to 77.3

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Contracts Housing Market Construction Inventory 482

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%

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Contracts Inventory Buyers Mortgage 418

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 459

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%

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. 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

Appraisal Buzz

NOVEMBER 27, 2024

An index of 100 is equal to the level of contract activity in 2001. First American Deputy Chief Economist Odeta Kushi noted, “However, mortgage applications–another leading indicator of sales activity–suggest that the housing market’s challenges remain. The record-high stock market is providing a boost for upper-end home buyers.”

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Contracts Inventory Mortgage Buyers 418

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

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.

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Contracts Inventory Housing Market Realtors 370

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

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

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 retail housing market data, released by Redfin at the end of June, shows the median asking price for newly listed homes for sale in the four weeks ending June 26 dropped 1.5%

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Housing Market Buyers Marketing Retail 435

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. Further gains are expected if the economy continues to add jobs, inventory levels grow, and mortgage rates hold steady.”

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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.

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Contracts Realtors Inventory Buyers 312

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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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

NOVEMBER 29, 2021

An index of 100 is equal to the level of contract activity in 2001.” Last week, I wrote about how the existing home sales markets outperformed my peak sales range in the past two sales reports. 2020 and 2021 are at pre-cycle highs in demand, with total inventory levels at all-time lows for both years. in October.

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Inventory Contracts Training Investors 532

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

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 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% in 2024, up from the 4.6%

Real Estate 448

Real Estate Mortgage Buyers Inventory 448

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. He then transitioned to PHH Home Loans in 2001 for an in-house lending stint, a role he stayed in for about nine years.

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Mortgage Loan Officers Lending Retail 370

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. Several of the country’s top emerging housing markets are in Indiana.) The NAR’s Pending Home Sales Index climbed to a reading of 76.8 next year, to $395,000. “It

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Construction Inventory Realtors Housing Market 370

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. Powell at the conclusion of the Federal Open Market Committee (FOMC) meeting.

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Contracts Buyers Mortgage Realtors 359

Appraisal Buzz

JULY 12, 2024

Over the past few years, investors have reduced their homebuying activity, but their activity has continued to outpace the market as a whole. Nevertheless, compared to the history of the data (which dates back to 2001), 2023 saw the second-highest share of investor purchases. in 2022 to 13.1%

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Investors Inventory Buyers Marketing 370

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. What does it mean for the housing market ? Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher.

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Mortgage Property Taxes Investors Buyers 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.

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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.

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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. Even with rates in the mid-7s, there are bidding wars in dozens of markets across the country. “We would have to go back to 2001 to find mortgage rates above 7.0%. .” Inventory remains thin.

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Mortgage Loan Officers Inventory Housing Market 370

Housing Wire

APRIL 20, 2022

In their place are slick videos, glossy Instagram marketing photos and digital business cards. “I But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. The CRM is fantastic and there are all these marketing tools and templates.

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Real Estate Agent Real Estate Agents Brokerage 448

DW Slater Company

JUNE 6, 2022

Collin County is one of the markets we cover, including Wylie. The market has been appreciating at a very rapid rate, especially within the past year. percent less than market value, and sat on the market for approximately 47 percent longer than average houses. from the same time last year. You can check it out here.

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Real Estate Appraisal Market Value Marketing 171