Housing Wire

JANUARY 20, 2022

Right after the Great Recession, between 2009 and 2011, buyers viewed a median of 12 homes before purchasing, as inventory was plentiful. From 2004 to 2006, during the housing boom years, even though homes were moving at a rapid pace, buyers typically looked at nine homes.

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Housing Wire

JUNE 23, 2021

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Annapolis, Maryland. Become a member today. Already a member?

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Housing Wire

SEPTEMBER 2, 2020

The deadliest pandemic in more than a century has failed to derail the housing market because of the lowest mortgage rates ever recorded coupled with a shift in how people use their homes. The buyers are coming in because of the low interest rates – that’s the No. Sales of new houses probably will rise 17% to 800,000, Yun said.

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Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above.

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Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

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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. As you can see below, we never got back to the peak of the housing bubble years when single-family starts growth was driven by credit demand, which wasn’t sustainable.

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Housing Wire

JULY 29, 2022

A few months ago, the United States housing market failed Econ 101. The table also reports the year-over-year percent change in new listings for each market. The table also reports the year-over-year percent change in new listings for each market. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%

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Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. The market is going to go into correction,” he said. “I

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Housing Wire

APRIL 30, 2021

More than a quarter of single-family homes for sale during the first quarter were new-construction homes — nearly 26%, and March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin. A healthy housing market is considered roughly six months of supply.

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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. The city’s housing dynamics point to strong buyer demand, which fueled a 16.8% Combined with interest rates that began around 2.5%

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Housing Wire

APRIL 1, 2024

Meanwhile, homeowners who bought in January 2000, January 2006 and January 2013 have received boosts of $414,000, $338,000, and $343,000, respectively. trillion in home equity at the end of 2023, up from $15 trillion in 2006, the previous peak of the housing cycle. Overall, U.S. homeowners held $31.8

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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. Since most sellers are buyers, inventory should be stable if demand is stable. Demographics also play a role here.

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Housing Wire

OCTOBER 29, 2024

My advice for buyers is to focus on finding a house they love and try to negotiate on things they have some control over, like the sale price and home repairs,” Chen Zhao, Redfin’s economist research lead, said in the report. The monthly payment on the median-priced U.S. renter population.

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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.

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Housing Wire

APRIL 23, 2021

soared 18% year-over-year in March 2021 to a median of $356,000, according to a report Redfin released Friday that provided stark evidence of a housing market where demand greatly exceeds supply. Homes sold in March were on the market for 21 days, per the report, the shortest period between listing and sale since 2012.

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Housing Wire

FEBRUARY 17, 2023

Mike Simonsen, president of Altos Research , will share his data-focused insights on the housing market at Gathering of Eagles 2023. Simonsen founded Altos Research in 2006. The information in an Altos Market Report ranges from median home price to days on the market and the percent of price decreases.

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Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. Total housing costs for American homeowners versus their wages are meager, and most will buy a home right away when they sell. Looking at housing this way, the last four decades make sense. The days on market were too low.

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Inventory Housing Market New Listings Marketing 541

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.

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Inventory Housing Market Construction Marketing 523

Housing Wire

APRIL 24, 2024

2006 is when Zillow came out with their Zestimates and with that, they started to very slowly provide to the consumer a more transparent way of understanding the market, and how to see not just the value of their home, but also what their neighborhood was doing and how prices were going up and down,” Saunders said.

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Housing Wire

MARCH 23, 2022

Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. As mortgage rates rise, all else held equal, house-buying power falls,” First American deputy chief economist Odeta Kushi said in a statement. This is an increase of 3.3% after a 10.4% drop in January.

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Housing Wire

DECEMBER 21, 2022

.” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well. I have never believed in this concept because of how the housing market credit channels work. I believe this is the wrong way to look at the housing market.

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Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. Existing home sales dipped below 5,000,000, and monthly housing supply rose. New Home Supply. Hard pass.

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Inventory Construction Government Housing Market 545

Housing Wire

SEPTEMBER 29, 2021

“Increased inventory of homes for sale, near historic low mortgage rates and favorable demographics means more housing demand, ” Odeta Kushi, the First American deputy chief economist said in a statement. This is a strong purchase market and the uptick in inventory is bringing back some buyers who pulled back during peak frenzy.”.

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Contracts Inventory Housing Market Marketing 431

Empire Appraisal Group

SEPTEMBER 8, 2022

Housing Market Collapse? Housing Market Collapse? The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. housing market is suffering some cracks, but an outright collapse is nowhere in sight.

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Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., put more pressure on home prices. In February, it took 33.2%

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Inventory New Listings Housing Market Mortgage 418

Housing Wire

MAY 3, 2022

The jump in March marks the 122nd consecutive month that the annual housing-price measure has increased, according to CoreLogic ‘s recent national Home Price Index report. Mounting mortgage rates and home prices are creating increasing affordability pressures for some prospective buyers. . Housing prices are up 5.9%

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Buyers Mortgage Housing Market Real Estate 459

Housing Wire

FEBRUARY 8, 2024

Despite the population decline, Illinois’ housing market remains relatively strong. The state has an Altos Research Market Action Index score of 44, which is above the national score of 39. Altos considers anything above 30 to be indicative of a seller’s market. It’s depressing,” Laricy said of the downtown market.

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Inventory Agents Housing Market Luxury Properties 449

Housing Wire

SEPTEMBER 23, 2022

A recent article, “Stop subsidizing Wall Street buying up homes,” perpetuates an uninformed stereotype of single-family rental home companies while revealing a serious neglect for the important contributions industry firms bring to today’s housing market. According to NAR, the United States faces a housing deficit of 6 million units.

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Inventory Housing Market Investors Investing 357

Housing Wire

SEPTEMBER 28, 2021

below its 2006 peak. Additionally, there are move-up buyers with larger budgets who are relocating to more affordable areas where they’re financially able to outbid local residents. Price growth remains about as hot as ever, but the housing market is gradually retreating towards a more balanced state.”.

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Housing Wire

JUNE 16, 2022

Housing permits aren’t collapsing by any means, but the permits data is backward-looking. As rates rise, this will impact the builders more as they try to find buyers for current homes in cancellation. From Census: Housing Starts Privately?owned owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000.

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Housing Market Buyers Mortgage Construction 545

Housing Wire

DECEMBER 16, 2020

After three successive months of record highs, the National Association of Home Builders and Wells Fargo Housing Market Index measuring builder confidence fell four points to 86 in December. But housing affordability is already showing a strain.

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Construction Housing Market Buyers Inventory 418

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

NOVEMBER 13, 2023

The writer in the Economist says, “…either the fat fee [real estate commission] inflates the house price, or the buyer ends up paying a similar fee when he or she sells.” This is from the Editorial Board of The Wall Street Journal, “Ninety percent of transactions offer buyer agent commissions of exactly 3%.”

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Housing Wire

NOVEMBER 24, 2020

census divisions rose 7% in September from a year ago, the greatest year-over-year gain since 2014, and nearly 23% higher than its last peak in 2006. The index, a key measure in gauging whether people are willing to make big-ticket purchases like homes, fell as consumers lost morale for business conditions and the labor market.

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Housing Market Contracts Construction Inventory 525

Housing Wire

OCTOBER 27, 2020

“By some measures, home prices are rising at a faster pace than they ever have – an incredible feat considering the market is rising from an already elevated level. year-over-year to a pace not seen since 2006. Presented by: Sutherland. The post Home price index sees greatest gain in over 2 years appeared first on HousingWire.

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Housing Wire

DECEMBER 28, 2021

The managing partner of ACCEL Realty Partners in Boise, Steve Caporale, said that the video gave him pause, especially since, “The market has been softening a bit.”. But — in the same beat — Caporale added, “There is still a massive influx of buyers, and I am not seeing a significant drop in demand.” on pace for 6.29

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Housing Wire

SEPTEMBER 28, 2020

The recent new home sales data is at levels last seen in 2006, with monthly supply data back down to the low levels when new home sales data was really good. No, this is not a new home sales housing bubble as we are far from total new home sales being where they were in 2005. million housing starts, not anytime from 2008-2019.

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Inventory Buyers Housing Market Mortgage 528