2005 Buyers Contracts 
Housing Wire
AUGUST 3, 2021
But relief for buyers could be coming in the next 12 months. gain by this time next year, as ongoing affordability challenges deter potential buyers — as well as an uptick in new for sale listings. An index of 100 is equal to the average level of contract activity during 2001, the first year examined. Home prices increased 2.3%
Housing Wire
JUNE 30, 2021
Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. “Buyers are still lining up a feverish pace,” Yun said. ” Contract signings on new homes increased 13.1%
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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 June to 98.1,
Housing Wire
MAY 18, 2022
We simply cannot finish homes in America promptly, and now that mortgage rates are over 5%, some buyers won’t be able to purchase a home. Housing in 2020 and 2021 benefited from rates between 2.5% – 3.75% , which gave buyers more purchasing power. The builders are mindful of this and will be cautious on single-family starts.
Housing Wire
AUGUST 23, 2022
can’t have a credit sales boom like we saw from 2002-2005. This means we won’t be working from record-breaking demand of high sales like we did at the peak of 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
Housing Wire
JUNE 21, 2024
However, what is different this year from 2023 is that we have more sellers that will be buyers. That means that our weekly pending sales contract data is showing growth year over year. Of course, the housing market didn’t have the credit sales boom it had from 2002-2005, but it lacked inventory.
Housing Wire
JANUARY 20, 2023
From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. This means we don’t have enough housing inventory available because with lending standards back to normal we can’t replicate the credit demand we saw in housing from 2002-2005.
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