Housing Wire

DECEMBER 29, 2022

The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. The housing market of 2002-2005 had four years of sales growth facilitated by credit. Housing inventory. Housing demand has fallen noticeably this year.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

MARCH 18, 2022

Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month NAR Research : Unsold inventory sits at a 1.7-month However, negative year-over-year inventory is not what we want to see.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. This problem is much different than the housing credit bubble of 2002-2005. NAR: Total Inventory.

Inventory 540

Inventory Housing Market Mortgage Construction 540

Housing Wire

SEPTEMBER 26, 2023

. “This is about the same rate of price growth that occurred during the 2002 through 2006 period when subprime lending drove exuberant housing demand. “But that is where the similarities end.

Inventory 482

Inventory Housing Market Lending Buyers 482

Housing Wire

MAY 24, 2022

As you can see, sales levels were never elevated like what we saw from 2002-2005. This housing cycle is and will always be based on real demand, versus the credit boom we saw from 2002 to 2005. However, this isn’t going to help much because the existing home sales market has a different inventory channel.

Housing Market 418

Housing Market Inventory Construction Marketing 418

Housing Wire

OCTOBER 11, 2022

Inventory, which has been falling for years, broke to all-time lows in 2020. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. Of course, this has brought back some inventory, as demand weakness always creates inventory through accumulation. million active listings, but at just 1.28

Sellers 514

Sellers Inventory Housing Market New Listings 514

Housing Wire

SEPTEMBER 26, 2023

That’s right — for all the hype of massive housing inventory coming from the builders, today we sit here still trying to work back to pre-COVID-19 levels with just 76,000 completed homes ready to be moved. As we can see in the chart below, sales levels aren’t exactly booming like they were from 2002-2005.

Inventory 524

Inventory Construction Housing Market Marketing 524

Housing Wire

APRIL 15, 2022

The home-price growth from 2020 through 2022 has been so unhealthy that I’ve labeled this a savagely unhealthy housing market as inventory has once again collapsed on a year-over-year basis in 2022. Inventory is still showing negative year-over-year data. 2014 was the very last year total housing inventory grew in America.

Housing Market 511

Housing Market Marketing Mortgage Inventory 511

Housing Wire

MAY 19, 2022

This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. The real story in housing has been the price boom that we have seen since 2020. Inventory is always seasonal. Today inventory levels are at 1.02 Unsold inventory sits at a 2.2-month

Housing Market 528

Housing Market Marketing Inventory Realtors 528

Housing Wire

JULY 26, 2022

Builders learned their lesson in the mid-2000s and understand that it is not in their best interst to create more residential real estate beyond the standard demand curve. They have taken advantage of the low inventory story in 2020 and 2021. NAR: Total Inventory Data 2007 Peak Roughly 4,000,0000 2022 1,260,000.

Construction 514

Construction Housing Market Inventory Marketing 514

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. However, we haven’t had a credit sales boom like the one we saw from 2002-2005. million listings.

Inventory 397

Inventory New Listings Law Housing Market 397

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. The velocity of inventory rising in the next three months is limited. April 2022: Inventory has not recovered. Can this last?

Housing Market 418

Housing Market Marketing Inventory Lending 418

Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. Housing demand has been stable for the past few years; we have never had a credit boom in demand since 2002-2005. Unsold inventory sits at a 2.0-month

Housing Market 505

Housing Market Marketing Inventory Mortgage 505

Housing Wire

SEPTEMBER 22, 2022

Total Inventory data fell in this report from 1.31 It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52 I am a big fan of inventory to 2019 levels. Even though 2019 inventory levels were historically low, they were at four-decade lows before 2020; they’re a more effective pricing market.

Inventory 482

Inventory Housing Market New Listings Mortgage 482

Housing Wire

AUGUST 16, 2022

Of course, housing starts today aren’t collapsing in the way they did from the peak of 2005 because we haven’t had a sales credit boom in recent years as we did from 2002-2005, which inflated new home sales toward 1.4 The credit cycle looks much different now than the build-up from 2002-2005.

Mortgage 533

Mortgage Construction Inventory Buyers 533

Housing Wire

JUNE 24, 2022

Census: For Sale Inventory and Months’ Supply The seasonally?adjusted As someone who wants to see more inventory, not the best data lines, but we are working our way to finishing those homes. Again, this cycle is much different than the run-up in 2002-2005; hopefully, you can see that with the data I have provided.

Inventory 488

Inventory Construction Marketing Mortgage 488

Housing Wire

MAY 9, 2022

Just last month, Canada’s prime minister proposed a two-year ban on some foreign investors buying Canadian real estate to try to tame price growth. I’ve tried to stress that we need to worry about home prices getting overheated in 2020-2024, but not because of some massive credit boom like we saw from 2002 to 2005.

Housing Market 532

Housing Market Buyers Mortgage Marketing 532

Housing Wire

DECEMBER 22, 2021

As you can see below, we don’t have a booming credit housing market as we saw from 2002-2005; we have steady replacement buyer demand. Now for the real bad news, which is still a first-world problem, but the big concern for me during 2020-2024: inventory. Until then, it’s still the hunger games for housing.

Inventory 516

Inventory Housing Market Investors Marketing 516

Housing Wire

FEBRUARY 24, 2022

The real question is how much higher mortgage rates will bite the most sensitive sector to rates: new homes. This stands in contrast to the existing home sales market, where higher mortgage rates can create more inventory and cool down price growth. If total home sales of new and existing homes combined beat over 6.2

Construction 435

Construction Housing Market Marketing Mortgage 435

Housing Wire

MARCH 17, 2022

We had more housing starts during the bubble years because from 2002 to 2005 that demand curve was higher, but it was facilitated by unhealthy credit growth. So the meager inventory in the existing home sales market has benefited the builders because it makes their products more valuable. Housing completions. From Census: Privately?owned

Construction 488

Construction Housing Market Inventory Buyers 488

Housing Wire

JULY 6, 2023

The purchase deal includes Truland’s homebuilding assets, which consist of approximately 263 lots, 155 homes in inventory, and 55 homes in the sales order backlog. Horton has been the largest homebuilder by volume in the United States since 2002. “We are excited for the Truland team to join the D.R. ” D.R.

Contracts 370

Contracts Development Insurance Construction 370

Housing Wire

JANUARY 19, 2022

For example, the Census report included a special notice that the large increase (119%) in privately owned housing units authorized by building permits in the Northeast from November to December was influenced by real estate tax changes in Philadephia during that time. that are fine with labor and others that are having issues.

Construction 496

Construction Housing Market Inventory Marketing 496

Housing Wire

AUGUST 23, 2022

can’t have a credit sales boom like we saw from 2002-2005. The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4 This is 12.6 percent (±16.9 percent)* below the revised June rate of 585,000 and 29.6 percent (±10.9

Construction 370

Construction Housing Market Sellers Real Estate 370

Housing Wire

APRIL 27, 2022

The one thing housing has going for it now is that we don’t have the speculative booming demand as we saw from 2002 to 2005. They were simply doing what the marketplace allowed them to do with low inventory and low mortgage rates. From Census: For Sale Inventory and Months’ Supply: The seasonally?adjusted

Construction 370

Construction Buyers Housing Market Inventory 370

Housing Wire

APRIL 27, 2022

The market of 2002-2005 not only had an explosion in debt growth, but the debt structures themselves were also very exotic. The one considerable risk for housing in the years 2020-2024 is that if demand picks up as it has, inventory breaks down to unhealthy levels. Going back to point No.

Inventory 370

Inventory Housing Market Legal Mortgage 370

McKissock

MARCH 1, 2021

In 2002, when Dara Alperen Cipollone purchased her first home in East Boston, her real estate agent suggested she would be a great fit for residential sales. Now, with over a decade of experience in the real estate profession, these skills have made her the go-to Millennial real estate expert at RESIS.

Real Estate 90

Real Estate Clients Real Estate Agent Renovations 90

Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. 2023 Real Estate Performance Highlights The number of homes sold decreased by 18.9%

Inventory 71

Inventory Sellers Buyers Contracts 71

Will Springer Realtor

NOVEMBER 9, 2022

Real estate folks typically compare year-on-year (YoY) figures but 2020 and ’21 were statistical anomalies. Sure, the increases in inventory are impressive – up 123% for all homes in the county from 2021 to today and up a whopping 359% on the Eastside – but that should not surprise anyone. The Eastside has 2.0 for the past year.

New Listings 36

New Listings Housing Market Inventory Buyers 36

Appraisal Today

SEPTEMBER 29, 2023

Estate and divorce require heavy networking over time with real estate agents, the primary referral source. These millions of properties across the US represent a significant subset of the larger real-estate market which has not adequately priced the cost of climate risk into its valuation. million properties, 23.9

Insurance 83

Insurance Appraisal Contracts Mortgage 83

Appraisal Today

OCTOBER 21, 2022

National data simply does not apply to the local real estate market and the closest large markets are Richmond and Washington DC. Inventory levels. National Real Estate Post Video (6 minutes). Frank Garay & Brian Stevens are hosts of the National Real Estate Daily Show.

Appraisal 52

Appraisal Marketing Contracts Insurance 52

Will Springer Realtor

OCTOBER 11, 2022

We are now seeing “7s” in front of some rates to new mortgage consumers – a figure not seen since April 2002 – causing applications for new loans to hit a 25-year low this month. ( People love experiences to fill their memory bank and social media feed – and real estate developers are listening. So, we have a long way to go.

Housing Market 36

Housing Market Marketing Real Estate Buyers 36

Will Springer Realtor

DECEMBER 8, 2021

One consumer segment will have longer to wait for its “supply chain” to be repaired – residential real estate. “Of The greatest challenge facing builders – and, frankly, the real estate sector as a whole – is finding and keeping skilled labor to assemble the sticks and bricks. Monthly inventory stands at 0.4

Sellers 36

Sellers Marketing Supply Chain Construction 36

Appraisal Today

AUGUST 13, 2023

ChatGPT: Valuable Tool or a Replacement for Real Estate Appraisers? Fudge recently appeared at the 75th Annual National Association of Real Estate Brokers convention and of course continued her ‘appraisal bias and discrimination’ rant in a very rousing speech to the attendees. percent, the highest rate since 2002.

Appraisal 78

Appraisal Contracts Real Estate Agent Real Estate 78