Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

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Inventory Marketing Housing Market New Listings 493

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. How I look at rates is intertwined with how I look at the bond market.

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Housing Market Marketing Inventory New Listings 543

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. What do I mean by savagely unhealthy?

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Housing Wire

APRIL 5, 2021

Prices are up sharply as housing inventory continues to plateau , leaving 40% fewer homes on the market compared to last year, according to a report prepared by Black Knight. Instead of making up for the shortfall, new listings have slumped further in 2021. markets, annual home prices grew more than 10%.

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Inventory Buyers New Listings Mortgage 511

Housing Wire

MAY 8, 2024

You can see the drastic change this made in the Mortgage Bankers Association Credit Availability index , below, which skyrocketed in 2005 and 2006 before an epic collapse in 2008. On top of more legitimate buyers, we fixed the credit markets, meaning housing credit looks fantastic. Demographics also play a role here.

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Inventory Law New Listings Sellers 518

Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun.

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Inventory New Listings Housing Market Sellers 531

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. From the index : I know it seems strange, but existing home sales are falling, and the monthly supply of new homes is at 10.9 million listings.

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Inventory New Listings Law Housing Market 397

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. Nicole Murphy with Realtor.com also said homes in El Paso are only staying on the market for an average of 53 days – down 20% from last year.

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Housing Market Marketing Real Estate Agent Real Estate 448

Housing Wire

NOVEMBER 15, 2024

The credit markets were toxic back then, featuring loans with big recast payments which meant that you could have two people working full-time and still be at a credit risk. As you can see in the chart below, the credit markets broke in 2005, 2006, 2007 and 2008, and then the job-loss recession of 2008 started, which made things much worse.

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Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. During that period, we saw new listing data decline. However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market.

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Inventory Housing Market New Listings Marketing 541

Housing Wire

MARCH 12, 2023

Last week was wild, and not just for the housing market. Weekly inventory fell by 6201 , and new listing data is down noticeably from last year, which was different than last week. This assumes the spreads are wide as the mortgage back securities market is still very stressed. Already, the future pricing of a.50%

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Housing Wire

JUNE 21, 2024

Let’s keep it simple: total active listings are still below 2019 levels nationally, and the days on market are under 30 days today. As you can see in our new listing data, we are showing growth. Of course, the housing market didn’t have the credit sales boom it had from 2002-2005, but it lacked inventory.

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Inventory Housing Market New Listings Contracts 482

Housing Wire

FEBRUARY 24, 2023

As I have stressed for months, the new home sales levels are historically low and don’t account for the cancellation rate. Just like in the existing home sales market, when sales are low, anything positive on the rate side can move the market in a positive direction. months and below, this is an excellent market for builders.

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Inventory Construction Housing Market Mortgage 501

Housing Wire

APRIL 20, 2023

We have a workable range for 2023 sales in the existing home sales market between 4 million and 4.6 If we are trending below 4 million — a possibility with new listing data trending at all-time lows — then we have much weaker demand than people think. million before we saw the massive stress spike in supply from 2005 to 2007.

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Inventory Housing Market Marketing New Listings 531

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.

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Sellers Inventory Housing Market New Listings 514

Housing Wire

FEBRUARY 16, 2023

They have less competition as they are working from low sales levels in today’s housing market. This is why construction workers haven’t been laid off while other jobs in the housing market have been. As I have tried to highlight in my economic work, the housing market started to improve on Nov. When supply is 4.3

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Lamacchia Realty

OCTOBER 17, 2024

PRICE ADJUSTMENTS AND THE 2024 MARKET In 2023, it was clear that the market was continuing to adjust from the frenzied post-pandemic scene in the early 2020s. Inventory of homes listed reached a record low by July of 2023 , and mortgage rates increased dramatically, diminishing buyer affordability.

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Lamacchia Realty

JANUARY 25, 2024

2022 was down in sales from 2021 just like this past year , and at that time , many were concerned that it was a sign the market was about to crash, something Anthony has repeatedly dispro ved. Slower market activity this year, however, is representative of the journey back to equilibrium. Will the 2024 Real Estate Market Improve?

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Inventory Sellers Contracts Buyers 64

Appraisal Today

JUNE 21, 2024

For example, I have appraised many life estates, but no homes with a leasehold (ground lease) in a market area where such interests are uncommon. At this time of year, the market starts to slow, and we begin seeing a growing club of sellers who are overpriced and need to find the market through price reductions.

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Lamacchia Realty

JANUARY 28, 2022

Homes Listed – All of NH. New listings in 2021 followed a less treacherous trendline in 2021 than 2020 but still couldn’t quite keep up with pre-pandemic markets. decrease in the state of New Hampshire brought listings to 27,131 from 28,127 the previous year. Hillsborough rose 17.8% The slight 3.5%

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Housing Wire

OCTOBER 23, 2024

As you will see below, inventory is growing, but it’s been a calm, healthy rise in 2024, not a flood of houses coming onto the market. Where I disagree with Yun is this: We have more inventory because demand has been softer, and we have more new listings this year compared to last. million in September.

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Mortgage Inventory New Listings Sellers 497

Housing Wire

MAY 30, 2023

In this article I’ll explain why this is happening and why we still have a savagely unhealthy housing market. The quick takeaway here is that total active listings in the U.S. Another myth is that we’ll have a silver tsunami where every Baby Boomer lists their home in one month, flooding the marketplace with inventory.

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Inventory Housing Market New Listings Marketing 497

Housing Wire

NOVEMBER 2, 2024

I want to show you how the data changed with mortgage rates heading toward 6% so the next time this happens, we have a better idea of what to expect in the housing market. There were many years of housing data in the early to mid-1980s and mid to late 1990s, and even from 2000 to 2005, where we have seen rising inventory and sales.

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Inventory New Listings Mortgage Contracts 516