Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. million in January down to about 4 million in December, We now have total inventory levels near all-time lows again. The days on market were too low.

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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. Inventory is always seasonal. Today inventory levels are at 1.02

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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 Inventory. Home price s.

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Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. In time, markets always find balance and balance is a good thing. But, that doesn’t mean housing is going to crash. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast.

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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 31, 2024

RealTrends has been tracking housing market data since 1979, including households, home sales, average mortgage rates , etc. Even during the downturn of 2006-2010, this factor only hit a low of 3.84% (2010). RIP 2023 — Whew, that was a year none of us would like to live through again. How bad was last year?

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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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Housing Wire

JANUARY 10, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. In addition, more for-sale inventory will likely be available on the market.

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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. Inventories are rising across the country. in 2021, Freddie Mac reports.

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Housing Wire

AUGUST 1, 2022

June saw both record-low home price appreciation and the largest single-month increase of for-sale inventory in 12 years, resulting in a cool down in the housing market. And the housing market would likely slow further in the coming months if mortgage rates remain persistently high.

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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. 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 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. For now, though, the low inventory means housing starts have legs to move higher. New Home Supply.

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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. of the nation’s total housing inventory.

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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

OCTOBER 12, 2020

Despite what they promised, we sit here today with the United States housing market outperforming all other economic sectors in the world during the pandemic. In order for the housing market to crash due to too many loans going into default when forbearance programs end, the number of loans in these programs needs to grow.

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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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Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Plus, available housing inventory remains near historic lows.”

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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. month’s supply of homes. month’s supply of homes.

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Housing Wire

JULY 6, 2022

Home price growth slowed in May, showing signs of a cooling housing market. But housing is the least affordable it has been since the mid-1980s as mortgage rates rise and home values soar, driven by low housing inventory, a new Black Knight report suggests. in May from a revised 20.4% in May from a revised 20.4%

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Appraisal Buzz

JULY 29, 2024

Recent data from First American (First Am) Data & Analytics’ Real House Price Index (RHPI) reveals a significant shift in the housing market, with increased housing supply leading to improved affordability in some areas. The distribution of this inventory growth is uneven. Unadjusted house prices are now 61.4%

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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

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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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., “In many areas of the country, that dynamic – low inventory and a modest rise in demand – led to an uptick in home prices.”

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Housing Wire

NOVEMBER 30, 2020

According to Joel Kan, the Mortgage Bankers Associations assistant vice president of economic and industry forecasting, that robust year-over-year improvement in activity is a sign the market will continue to see sustained demand for housing through the end of 2020. Presented by: Fannie Mae.

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Inventory Realtors Contracts Development 535

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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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

MAY 6, 2021

Even though inventory is grappling with the power that record low rates hold, borrowers are still racing to the end of the bidding line, as March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin.

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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. uptick reported in August, and represented the largest annual gain since May 2014 as record-low mortgage rates and a lack of inventory continued to put upward pressure on home prices.

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Housing Wire

SEPTEMBER 28, 2021

below its 2006 peak. Home price growth remained scorching hot as the housing market entered the dog days of summer, but data released in the weeks since indicate cooler days in the months to come,” Matthew Speakman a Zillow economist said in a statement.

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Housing Wire

DECEMBER 30, 2020

“The latest monthly decline is largely due to the shortage of inventory and fast-rising home prices,” said Lawrence Yun, NAR’s chief economist. from its former high in July 2006, and was up 8.4% pending home sales slid for the third consecutive month in November, dropping 2.6% The National Index is now up 24.5%

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Contracts Inventory Realtors Government 535

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

DECEMBER 8, 2020

Redfin announced on Tuesday that its iBuying arm, RedfinNow, has entered the Seattle and San Francisco metro housing markets. Seattle is currently a hot market – in October, there was less than a month’s worth of inventory and pending home sales outpaced supply.

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Housing Wire

OCTOBER 12, 2022

The forecast for the housing market in 2023 gets worse by the month, with the latest report predicting a million-plus decline in existing home sales. The slowing effect on the housing market of the higher mortgage rate environment has been largely predictable, and home prices appear to have already begun trending downward.”.

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Housing Wire

MAY 24, 2022

A lot of the housing data was lagging the rate move, so it wasn’t apparent that higher rates impacted the data yet. Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. However, the housing market changed once the 10-year yield broke over 1.94%.

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Housing Wire

DECEMBER 29, 2020

from its former high in July 2006. Home prices have continued to increase this year as a result of low inventory and high demand for homes. The S&P CoreLogic Case-Shiller index covering home prices of all nine U.S. census divisions, reported an 8.4% increase in October from a year ago, and a 7% increase from September.

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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. Though the index fell from it’s 35-year series high, it is still the fourth month in its history the score broke 80.

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