Housing Wire

NOVEMBER 29, 2024

Census Bureau data to analyze housing inventory changes across 489 cities between 2005 and 2023. StorageCafe categorized inventory changes by housing type — including single-family, multifamily, middle housing, mobile homes, boats, RVs and vans. ” Nationally, middle housing grew by 11.3% The report used U.S.

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Housing Wire

JULY 19, 2022

The June housing starts data beat estimates with positive revisions, however, this doesn’t change the housing market recession call that I made last month. We never saw the credit sales boom as we did from 2002-2005, so the builders themselves are in a better position to manage their future.

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Housing Market Marketing Construction Real Estate 526

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. housing market inventory channels have changed due to how the U.S.

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Housing Market Marketing Inventory Mortgage 539

Housing Wire

DECEMBER 7, 2022

As you can see from the chart above, the last several years have not had the FOMO (fear of missing out) housing credit boom we saw from 2002-2005. What I mean by a credit bust is that after the housing bubble burst in 2005 into 2006, we saw a massive increase in supply. Mortgage rates went from a low of 2.5%

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

MARCH 18, 2022

To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 million ; this is still historically low, but this gives the housing market a breather from the madness that we see today. Housing is the cost of shelter to own the debt; it’s not an investment.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

APRIL 13, 2022

This was the last thing we needed to see for the Housing Market , which went from unhealthy to savagely unhealthy. What I am hoping for is that higher rates create more days on the market, cool price growth down, and at some point this year, we stop being negative and be positive on a year-over-year basis.

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Housing Market Marketing Mortgage Inventory 476

Housing Wire

DECEMBER 29, 2021

A bullish housing market. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been. The excellent.

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Housing Market Marketing Construction Mortgage 534

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 market; the 10-year is above 1.94%, something that didn’t happen in 2020 or 2021. From NAR : Total existing-home sales dipped 2.7%

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Housing Market Marketing Inventory Mortgage 505

Housing Wire

JUNE 28, 2022

This data line lags the current housing market as it’s a few months old. Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. million, the housing market can be sane again, even though those levels were the historically low levels of inventory going back to 1982.

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Housing Market Marketing Inventory Investors 482

Housing Wire

JUNE 22, 2023

The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Nothing good happens in the housing market when the days on market are at a teenager level or lower.

Housing Market 526

Housing Market Marketing Inventory Law 526

Housing Wire

NOVEMBER 2, 2020

I’m talking about housing market crash headlines. The housing data has been wild this year. These dramatic peaks and valleys in the data have fed the demons of greed and fear that infest the minds our extreme housing bulls and the fierce housing market bears – leading to equally wild speculations about the future of U.S.

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Housing Market Marketing Inventory Design 545

Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. 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. We are not taking the unhealthy housing market theme off this marketplace.

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Housing Market Marketing Inventory Realtors 528

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing recession. That would be a positive for demand.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

SEPTEMBER 22, 2020

housing market and compare those to where we are today — in the middle of one of the most epic years in our country’s history, due to COVID-19. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The February housing data, pre-COVID, was juicy indeed. Context is key!

Housing Market 543

Housing Market Marketing Construction Buyers 543

Housing Wire

JANUARY 2, 2024

The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he And people over 50 are 74% of total U.S. homeowners.

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Housing Market Marketing Real Estate Agent Real Estate 521

Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. The post What 5% mortgage rates mean for the housing market?

Housing Market 511

Housing Market Marketing Mortgage Inventory 511

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. This proves that the mass supply growth we saw from 2005-2007 was due to credit stress, not because the economy was in a recession; the U.S. didn’t go into recession until 2008.

Inventory 525

Inventory Housing Market Marketing New Listings 525

Housing Wire

MAY 14, 2023

The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. Can you imagine the housing market at that point?

Housing Market 488

Housing Market Marketing Inventory New Listings 488

Housing Wire

MAY 7, 2023

This proves that the mass supply growth we saw from 2005-2007 was due to credit stress, not because the economy was in a recession; the U.S. Even though the labor market is currently showing signs of getting softer , there is no job-loss recession yet. Mortgage rates in a regular market should be 5.25% today but are at 6.5%.

Inventory 505

Inventory Housing Market Marketing New Listings 505

Housing Wire

MARCH 18, 2024

For agents navigating and servicing the American housing market , acknowledging its profound evolution over recent decades is crucial. Looking back to the 2005 and 2006 real estate peak, lofty home prices reached a then staggering-sounding high of $230,200 in July 2006. year-over-year increase to 70,829.

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Real Estate Agent Housing Market Real Estate Agents 458

Housing Wire

JULY 3, 2024

Today’s housing market suffers from affordability issues due to mortgage rates in the 7s and high home prices. People are quick to panic over any part of the housing market that looks stressed, fearing we’ll see 2008 levels of destruction all over again. Why choose 2011?

Housing Market 385

Housing Market Marketing New Listings Contracts 385

Housing Wire

DECEMBER 20, 2022

Traditionally, housing starts, permits, and completions would move together, like what we saw in 2002-2005. In the chart below you can see more evidence of the housing recession; permits are falling as expected with demand getting weaker. From 2002-2005 it was a steady rise to the top of the housing bubble, and then it burst.

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Housing Market Marketing Construction Supply Chain 448

Housing Wire

NOVEMBER 16, 2020

According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. rise in houses sold in the same timeframe – from 670 to 940. The post Why is the El Paso housing market so hot right now?

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Housing Market Marketing Real Estate Agent Real Estate 448

Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. million — once that happens, I can take the unhealthy label off the housing market.

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Housing Market Marketing Inventory Lending 418

Housing Wire

MARCH 28, 2022

Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market. HousingWire: Switching gears really quickly, have you received any feedback on your savagely unhealthy housing market piece ? The days on the market to sell a home is too low.

Housing Market 370

Housing Market Marketing Supply Chain Inventory 370

Housing Wire

MARCH 30, 2023

With the banking crisis spurring more talk of a recession, the question now is: What would housing credit look like in a recession? housing market would crash during the pandemic. One of the main reasons for that fear was that housing credit was about to get tight, meaning fewer people could buy homes with mortgages.

Housing Market 539

Housing Market Mortgage Law Marketing 539

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time.

Inventory 526

Inventory Housing Market Construction Marketing 526

Housing Wire

MARCH 31, 2022

The online reaction was immediate — housing must be about to crash. That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble. First, because there is no speculative debt demand going on today, there can’t be a housing bubble.

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Housing Market Inventory Lending Marketing 532

Housing Wire

NOVEMBER 10, 2022

It goes to show what the failure to build enough homes from 2006 to the present combined with ultra-low, unrealistic mortgage rates and massive amounts of fiscal stimulus can do to the housing market. This is something that housing industry leaders should be thinking about — carefully. The history of housing.

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Mortgage Housing Market Lending Finance 493

Housing Wire

NOVEMBER 17, 2020

trillion in 2005 — but sees refinances decreasing to $971 billion. The housing market has seen a meaningful rebound since the onset of the pandemic,” said Mike Fratantoni, MBA chief economist. trillion, the highest since 2005. by the end of 2020, rising to 3.3% by Q4 2021. That includes an expected 91.5%

Mortgage 542

Mortgage Housing Market Marketing Real Estate 542

Housing Wire

AUGUST 21, 2020

Let’s just say this is the final nail in the coffin for the housing bear troll camps that were so sure that this time, housing would finally crash. COVID didn’t get the housing market, but it did pull a fast one on those pesky bears. We saw hints of a flourishing housing market prior to the COVID crisis.

Housing Market 544

Housing Market Mortgage Buyers Marketing 544

Housing Wire

JUNE 12, 2024

This, combined with the 2005 Bankruptcy Reform law and the most prolonged economic and job expansion in our nation’s history before COVID-19, has created a favorable financial environment for American homeowners. The housing market doesn’t have an underwater home problem, but that doesn’t mean there isn’t risk for homeowners.

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Housing Market Mortgage Law Government 505

Housing Wire

NOVEMBER 9, 2022

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Understanding this data line and what it is trying to tell you will be more valuable than erroneously thinking the market is crashing and we’ll see a wave of foreclosures.

New Listings 508

New Listings Inventory Housing Market Sellers 508

Housing Wire

NOVEMBER 8, 2021

This was the case for housing during the lead-up to the bubble years as housing data went criminally insane in the years 2002-2005. As we close in on Thanksgiving, we can be grateful for the recent excellent jobs report, which shows that the housing crash fanatics have failed once again in 2021. Regarding the U.S.

Housing Market 526

Housing Market Marketing Inventory 526

Housing Wire

MARCH 12, 2023

Last week was wild, and not just for the housing market. Inventory grew during the housing bubble years because housing credit was much looser back then, and people could move more freely. Mortgage rates fell even though the jobs report was stronger than anticipated.

Housing Market 370

Housing Market Mortgage Marketing Inventory 370

Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. As we can see below, the bankruptcy levels were extremely high before the bankruptcy law was passed in 2005. Today, we are at 1.25

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Law Inventory Lending Mortgage 523

Housing Wire

MARCH 21, 2023

Because housing data and all economics are so violent lately, we created the weekly Housing Market Tracker , which is designed to look forward, not backward. This is the wild housing action I have talked about for some time and why the Housing Market Tracker becomes helpful in understanding this data.

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Mortgage Housing Market Inventory Law 511