Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings.

Insurance 448

Insurance Inventory Marketing Real Estate 448

Housing Wire

SEPTEMBER 8, 2022

People’s first reaction was to wonder if this was 2008 all over again. Well, it isn’t 2008, but this type of loan does have risk — and it’s the risk that is traditional among all late economic cycle lending in America when the loan requires low or no downpayment. That is what has happened here in the U.S.

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Inventory Law Housing Market Design 544

Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

Inventory 508

Inventory Housing Market Realtors Mortgage 508

Housing Wire

FEBRUARY 7, 2024

After closing out 2023 with its first annual membership decline since 2012, the National Association of Realtors is still struggling with its membership count. January marked the third consecutive month of membership declines for NAR and the month’s Realtor count marks the lowest level since May 2021. This is down 2.1% Washington, D.C.

Realtors 448

Realtors Agents Brokerage Inventory 448

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 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

Housing Market 528

Housing Market Marketing Inventory Realtors 528

Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

Inventory 518

Inventory Housing Market Marketing Realtors 518

Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

Realtors 459

Realtors Buyers Inventory Investors 459

Housing Wire

MAY 18, 2023

If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022. NAR Total Inventory Data going back to 1982. housing market inventory channels have changed due to how the U.S. This is not, nor can it ever be, like 2008. If it was like 2008, you’re about four to six years too early in 2023.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

NOVEMBER 4, 2024

Newly released data from the annual profile of home buyers and sellers by the National Association of Realtors (NAR) shows just how dramatically this trend has manifested since the financial crisis of 2008. Elevated mortgage rates, sky-high home prices, tight credit and stagnant wages have all contributed to homebuyers getting older.

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Real Estate Agent Buyers Sellers Realtors 345

Housing Wire

NOVEMBER 20, 2024

This is a 5% increase over 2024, which is on pace for 4 million transactions, a number that would represent the fewest home sales since the housing bubble burst in 2008. This growth is in line with upward trends in inventory that began in 2022, when available homes for sale tanked to roughly 250,000. The pair project 4.2

Marketing 360

Marketing Inventory Housing Market Realtors 360

Housing Wire

DECEMBER 20, 2023

From the National Association of Realtors (NAR): Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – elevated 0.8% NAR: Total housing inventory at the end of November was 1.13 Unsold inventory sits at a 3.5-month months in 2008. months in 2008.

Housing Market 482

Housing Market Marketing Inventory Realtors 482

Housing Wire

AUGUST 22, 2023

The housing market continues to cool amid high mortgage rates , low inventory and rising property insurance rates. The National Association of Realtors (NAR) suggested a 2.2% Elevated mortgage rates and low inventory As of August 17, mortgage rates surpassed 7% as U.S. bond yields hit their highest level since 2008.

Buyers 369

Buyers Inventory Realtors Housing Market 369

Housing Wire

JULY 22, 2021

The National Association of Realtors reported existing home sales for the month of June were under their estimates slightly. As I anticipated, Americans are buying more homes with mortgages in the years 2020-2021 than any single year from 2008-2019. The seasonally adjusted annual rate of 5.86

Realtors 516

Realtors Housing Market Marketing Mortgage 516

Housing Wire

FEBRUARY 18, 2022

The National Association of Realtors reported that existing home sales for January came in as a big beat at 6.5 This couldn’t have happened from the years 2008-2019 as the population was both too young and too old to get total net demand of over 6.2 Also, we are starting the year with fresh new all-time lows in inventory.

Inventory 501

Inventory Housing Market Buyers Investors 501

Housing Wire

OCTOBER 21, 2021

The National Association of Realtors ‘ existing home sales report for September came in at an excellent beat of estimates at 6.29 Also, 2020-2021 will have more home sales from mortgage buyers than any single year from 2008-2019. This looks perfectly normal to me.

Realtors 540

Realtors Buyers Mortgage Inventory 540

Housing Wire

OCTOBER 12, 2022

million, according to the National Association of Realtors. Due to the minimal use of adjustable-rate mortgages (ARMs), teaser rates and exotic mortgage products, relatively few current single-family borrowers are subject to payment shocks from rising interest rates in the way many borrowers were in 2006-2008,” the ESR group said.

Contracts 448

Contracts Modernization Housing Market Mortgage 448

Housing Wire

DECEMBER 13, 2022

The National Association of Realtors predicts there will be 4.78 Back in 2008 there were 8 million job losses in a single year,” Yun said. Yun also noted the difference in inventory conditions today compared to 2007 and 2008 when there were about 4 million homes on the market. million existing home sales in 2023, down 6.8%

Realtors 435

Realtors Mortgage Real Estate Housing Market 435

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 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. Unsold inventory sits at a 2.0-month

Housing Market 505

Housing Market Marketing Inventory Mortgage 505

Housing Wire

DECEMBER 22, 2021

The National Association of Realtors reported that existing home sales for November came in hot at 6.46 million , so every single existing home sales print in 2021 has been higher than what we closed in 2020 — which was higher than any single year from 2008 to 2019. This number is above my sales trend peak of 6.2 million and 6.2

Inventory 516

Inventory Housing Market Investors Marketing 516

Housing Wire

OCTOBER 20, 2022

Higher mortgage rates continued to impact home sales over the last month, with existing home sales declining in September for the eighth consecutive month, according to a report from the National Association of Realtors (NAR). . Housing inventory also decreased last month, but just slightly, dropping from 1.25 million the month prior.

Inventory 418

Inventory Contracts Mortgage Realtors 418

Housing Wire

NOVEMBER 22, 2021

The National Association of Realtors ‘ existing home sales report for October came in at a solid beat of estimates at 6.34 Not bad considering the low inventory and all that unhealthy home price growth we have seen since the start of 2020. This is something that couldn’t happen in the years 2008-2019. million and 6.2

Inventory 539

Inventory Housing Market Investors Buyers 539

Housing Wire

NOVEMBER 21, 2023

We had this happen in 2008, and it is happening now. Since housing inventory has broken to all-time lows and we haven’t see the credit boom like the one during the housing bubble years, it’s all about active listings. Year-over-year, sales tumbled 14.6% (down from 4.44 million in October 2022). from October 2022 ($378,800).

Inventory 489

Inventory Mortgage Marketing Investors 489

Housing Wire

SEPTEMBER 19, 2023

Meanwhile, the available inventory of unsold homes is growing. This week, inventory grew faster than it did last year at this time. This week was the biggest week of inventory increase all year, with inventory growing by over 9,000 single-family homes. Last year, inventory climbed dramatically for months.

Housing Market 476

Housing Market Marketing Inventory New Listings 476

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. Below are charts with today’s report and the trend. I call it an alligator chart opening its mouth, see below.

Housing Market 493

Housing Market Inventory Contracts Marketing 493

Housing Wire

DECEMBER 3, 2021

Reina Ramos: I don’t have a favorite article but rather enjoy and appreciate the coverage HW provides on all subject matters that are affecting the mortgage industry as well as Realtors. We know refinance volumes will dry up due to rising rates, borrowers not exiting their homes due to the reduced inventories.

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Inventory Loan Officers Clients Mortgage 397

Housing Wire

AUGUST 28, 2023

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. Similar to 2022, some 63% of non-appraiser members cited a lack of inventory among their greatest obstacles, followed by rising prices and declining affordability (54%).

Appraisal 370

Appraisal Logistics Valuation Appraisal Process 370

Housing Wire

MAY 5, 2022

It’s not time to sound the alarms, and there’s no indication that another housing market crash, circa 2008, is about to happen, but there are signs and signals everywhere suggesting that the decade-long boom in home sales may be running out of steam. compared to the previous year, according to the California Association of Realtors.

Housing Market 370

Housing Market Marketing Inventory Buyers 370

Housing Wire

DECEMBER 1, 2022

Interest rates are at their highest level in 20 years, and housing inventory is only at about a quarter of what it was in 2008, according to National Association of Realtors Chief Economist Lawrence Yun. Why smart home technology now? More people are renting but still seeking the premier amenities enjoyed by homeowners. “We

Technology 543

Technology Property Management Marketing Investors 543

Housing Wire

JUNE 16, 2022

So far, the short-term fed funds rate that the Fed directly controls has risen by 175 basis points but the 30-year fixed rate mortgage has risen by nearly 300 basis points, said Lawrence Yun, chief economist at the National Association of Realtors (NAR). In its June report, the MBA forecast total originations at $2.4 trillion in 2022 and $2.3

Housing Market 448

Housing Market Marketing Loan Officers Mortgage 448

Housing Wire

DECEMBER 13, 2021

In assessing blame for a high-demand, low inventory housing market, one finger is pointed at companies that purchase single-family homes as an investment. Last month, Zillow said it was winding down its iBuying division, and courting corporate investors to buy its 18,000 homes remaining in inventory. single-family home market.

Investors 435

Investors Real Estate Landlords Inventory 435

Housing Wire

JULY 21, 2022

“I get big into the macroeconomic stuff to keep ahead of the curve as much as possible,” Lizell said, noting he learned the importance of staying ahead of market shifts in the wake of the 2008 recession. “I Atlanta-area Auction.com buyer Tony Tritt also survived the housing crash following the 2008 recession. correlation).

Housing Market 435

Housing Market Buyers Marketing Retail 435

Housing Wire

MAY 24, 2022

Servicers of the ARM loan start calling them in 2008 for a locked rate or fixed, lower rate. The builders will have more inventory. The new relationships with Realtors and lenders will be beneficial to all parties. By 2004, they heard they could refinance, possibly get some cash out. It saves them $200 a month, and feels good.

Mortgage 459

Mortgage Real Estate Agent Business Loan Officers 459

Housing Wire

SEPTEMBER 13, 2024

As a top-producing agent during the 2008 recession, I was unprepared. If you wish to upgrade your negotiation skills, consider signing up for a Real Estate Negotiations Expert (RENE) designation available through your local Association of Realtors. You can do this by helping them get some of their standing inventory sold.

Agents 448

Agents Real Estate Real Estate Agent Sellers 448

Empire Appraisal Group

JANUARY 26, 2023

5 Reasons This Isn’t a Repeat of the 2008 Housing Crash NAR Chief Economist Lawrence Yun draws the distinctions between today’s real estate market and that of more than a decade ago. It’s a valid question,” Lawrence Yun, chief economist for the National Association of REALTORS®, said Tuesday at NAR’s Real Estate Forecast Summit.

Real Estate 78

Real Estate Realtors Inventory Housing Market 78

Empire Appraisal Group

MARCH 9, 2023

5 Reasons This Isn’t a Repeat of the 2008 Housing Crash Source: 5 Reasons This Isn’t a Repeat of the 2008 Housing Crash (nar.realtor) By: Melissa Dittmann Tracey NAR Chief Economist Lawrence Yun draws the distinctions between today’s real estate market and that of more than a decade ago. Underbuilding and inventory shortages.

Real Estate 78

Real Estate Inventory Housing Market Construction 78

Housing Wire

MAY 25, 2023

The National Association of Realtors (NAR) estimates that baby boomers made up roughly 39%, or 2.32 Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems. According to data from Statista , there were roughly 5.95 million homes bought and sold in the U.S.

Loan Officers 418

Loan Officers Real Estate Agent Real Estate Finance 418

Housing Wire

JUNE 27, 2022

A combination of higher home prices, rising interest rates, consumer concerns about the future of the real estate market and the lack of new home inventory has resulted in a decline in sales and traffic, according to Reichardt. More than 10,000 industry jobs likely have already been shed during the past year, analysts told HousingWire.

Housing Market 468

Housing Market Marketing Brokerage Real Estate 468