Housing Wire

APRIL 23, 2021

million seasonally adjusted annual rate, according to the Department of Housing and Urban Development and the U.S. This is the fastest sales pace since September 2006. The post New homes are selling like it’s 2006 again appeared first on HousingWire. from February to a 1.02 Census Bureau. lower than March 2020.

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Buyers Housing Market Marketing Inventory 505

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?

Housing Market 454

Housing Market Marketing Inventory Business 454

Housing Wire

APRIL 16, 2021

That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae. “The March pace was the second strongest since 2006, surpassed only by this past December’s reading,” Duncan said.

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Inventory Housing Market Marketing Supply Chain 545

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. So where does all that drama leave us for 2023? Mortgage rates.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

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 Market Marketing Inventory Sellers 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

APRIL 8, 2022

In time, markets always find balance and balance is a good thing. But, that doesn’t mean housing is going to crash. I set a specific home-price growth model for the years 2020-2024 that said if home prices only grew at 23% during this five-year period, the housing market would still be OK, given wage growth.

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Housing Market Marketing Inventory Lending 418

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 Market Marketing Construction Real Estate 525

Housing Wire

NOVEMBER 19, 2020

Existing home sales came in at a whopping 6,850,000 , beating estimates with the highest print since 2006. Days on market fell from 36 days to 21 days on a year-over-year basis. The housing market is hot. You may be told that future moderation indicates “cracks in the housing market, but don’t buy into it.

Housing Market 545

Housing Market Marketing Inventory Buyers 545

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. It was the highest sales level since 2006 and the biggest monthly increase on record. million in July, NAR said in an Aug.

Housing Market 546

Housing Market Marketing Realtors Mortgage 546

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.

Housing Market 545

Housing Market Marketing Construction Inventory 545

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. Table 1: 10 Hottest Housing Markets out of the Top 250 Metro Areas, February 2022. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%

Housing Market 434

Housing Market Sellers Marketing New Listings 434

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. Freddie Mac projects that home-price growth will average 12.8%

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

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 Market Real Estate Agent Marketing Loan Officers 348

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. million in June from $1.56

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Housing Market Marketing Inventory Technology 395

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. Affordability improved year-over-year in only five of the top 50 markets.

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Marketing Inventory Housing Market Mortgage 418

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. rise in houses sold in the same timeframe – from 670 to 940.

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Housing Market Marketing Real Estate Agent Real Estate 448

Housing Wire

AUGUST 15, 2023

Rather than fear the storm, Keller Williams agents embody resilience and adaptability to conquer any market challenge. Keller kicked off the first day of the two-day gathering by offering his take on the housing market and economic conditions. sides, however, the average market volume per agent is projected to come in at $1.44

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Agents Marketing Real Estate Housing Market 368

Housing Wire

NOVEMBER 10, 2022

From 1998 to 2006, according to Freddie Mac , the median annual mortgage rate was 6.45%. Therefore, there were more housing sales in 1996 than there will be this year. This is something that housing industry leaders should be thinking about — carefully. The history of housing. from 2005 to 2006, then another 22.4%

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Mortgage Housing Market Lending Finance 487

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 503

Housing Wire

OCTOBER 29, 2024

The forecast is more conservative for the Fed’s December meeting as roughly 75% of market experts anticipate another 25-bps cut and 25% call for no cut. Last month’s report showed that employers beat market estimates by adding 254,000 jobs in September. renter population.

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Mortgage Buyers Tools Sellers 406

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. Housing equity is at an all-time high, providing homeowners a very deep cushion against a downturn. ”

Inventory 480

Inventory Housing Market Lending Buyers 480

Appraisal Buzz

AUGUST 30, 2021

A decade ago, there was a flurry of home purchase activity following the 2006 housing market crash as investors began capitalizing on low-cost, high-growth properties.

Marketing 195

Marketing Investors Housing Market Appraisal 195

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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Investing Buyers Mortgage Housing Market 459

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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Inventory Home Value Housing Market Mortgage 409

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 523

Inventory Housing Market Construction Marketing 523

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 Market Marketing Real Estate New Listings 78

Housing Wire

JULY 24, 2024

The real estate market has witnessed significant fluctuations over the years, and the accompanying challenges for real estate agents can offer valuable insights and opportunities. This collapse not only devastated the housing market but also triggered a global financial crisis. million in 2006 to about 999,000 by 2012.

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Real Estate Real Estate Agent Agents Client Relationships 454

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.

Inventory 468

Inventory Housing Market Realtors Marketing 468

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.

Inventory 541

Inventory Housing Market New Listings Marketing 541

Housing Wire

JANUARY 6, 2021

While we may be ready to firmly plant our feet in 2021, we shouldn’t leave the past 12 months behind without taking a critical look at how the COVID-19 pandemic has impacted the housing market, and how it will pave the way for 2021 and beyond.

Housing Market 476

Housing Market Technology Marketing Mortgage 476

Housing Wire

SEPTEMBER 7, 2022

The higher cost of homeownership has clearly eroded affordability, as inflation-adjusted monthly mortgage expenses are now even higher than they were at their former peak in 2006.”. CoreLogic expects to see a more “balanced” housing market in the coming year, with year-over-year appreciation slowing to 3.8%

Housing Market 434

Housing Market Mortgage Marketing Real Estate 434

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.

Inventory 449

Inventory Agents Housing Market Luxury Properties 449

Housing Wire

NOVEMBER 15, 2024

Foreclosure data The chart below shows that the 2008 housing crisis started years before the 2008 recession. 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. Foreclosure data fell quarter to quarter in Q3.

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New Listings Sellers Mortgage Law 497

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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Sellers Housing Market Real Estate Agents 386

Housing Wire

JULY 17, 2023

Beckwitt, who joined the company in 2006 as executive vice president, has held the CEO position since April 2018. ” More recently, Beckwitt helped Lennar navigate the most challenging housing market in decades. Homebuilders, however, are also looking at the single-family rental market.

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Supply Chain Housing Market Real Estate Investors 324

Appraisal Buzz

AUGUST 31, 2021

In a report released on Monday, CoreLogic recaps investor activity in the housing market over the last decade. The report says, at the beginning of this period, in 2011, the country “had recently reemerged from the 2006* housing market crash,” and foreclosed properties were flooding the market.

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Investors Housing Market Appraisal Marketing 195