Housing Wire

MAY 8, 2024

After 2010, qualified mortgage laws were in place, meaning everyone getting a mortgage has to be able to repay the loan. 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.

Inventory 518

Inventory Law New Listings Sellers 518

Housing Wire

MARCH 26, 2023

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Here’s a quick rundown of the last week: The 10-year yield had a Lord of Rings battle at a critical technical level, pushing mortgage rates lower at the end of the week with no real break in the bond market.

Inventory 476

Inventory Housing Market Marketing Mortgage 476

Housing Wire

JULY 3, 2024

Today’s housing market suffers from affordability issues due to mortgage rates in the 7s and high home prices. People are quick to panic over any part of the housing market that looks stressed, fearing we’ll see 2008 levels of destruction all over again. For the same week this year, the number was 70,606 new listings.

Housing Market 385

Housing Market Marketing New Listings Contracts 385

Housing Wire

DECEMBER 7, 2022

Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? However, mortgage rates have fallen more than 1% since the recent highs, so it’s time to look at the data to explain how to interpret it.

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

APRIL 23, 2023

We didn’t see too much volatility in mortgage rates last week, but purchase apps declined in reaction to rates rising two weeks ago. Here’s a quick rundown of the last week: Active listings rose by 8,546 , and new listing data showed some growth. months shows how far we are from 2008 housing economics.

Inventory 545

Inventory Housing Market Marketing New Listings 545

Housing Wire

DECEMBER 21, 2022

“The principal factor was the rapid increase in mortgage rates, which hurt housing affordability and reduced incentives for homeowners to list their homes. This means what we saw in 2005-2008 with the inventory spike was a historic event that hasn’t been replicated at any time in recent U.S. economic history. .

Inventory 531

Inventory New Listings Housing Market Sellers 531

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. To view the complete research, click here.

Inventory 418

Inventory Marketing Mortgage Supply Chain 418

Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell.

Inventory 505

Inventory Housing Market Marketing New Listings 505

Housing Wire

AUGUST 13, 2023

Last week ended with a wild ride for mortgage rates. We anticipated the two inflation reports could help mortgage rates, however, we had a bad bond auction last Thursday, and the 10-year yield rose sharply. This pushed yields higher Thursday and Friday to move mortgage rates to 7.19%. We saw an example of that last week.

Mortgage 370

Mortgage Inventory New Listings Retail 370

Housing Wire

DECEMBER 13, 2024

The recent CoreLogic Homeowner Equity Insights report for Q3 shows a continued positive trend of a lack of underwater mortgages in America today. Underwater mortgages where borrowers owe more on their home than what it is worth pose a risk of foreclosure and hinder people from selling their homes, something that was rampant after 2008.

Sellers 239

Sellers Mortgage New Listings Realtors 239

Housing Wire

MAY 14, 2023

Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. Here’s a quick rundown of the last week: Total active listings grew 662 weekly, and new listing data is still trending at all-time lows. This doesn’t appear to be the case for 2023.

Housing Market 488

Housing Market Marketing Inventory New Listings 488

Housing Wire

NOVEMBER 18, 2022

I didn’t have to worry about this in the previous expansion — as my long-term work stated for a decade, the years 2008-2019, would have the weakest housing recovery ever. As mortgage rates rose more and more, the October to January data was going to show big negative prints. NAR lists the current inventory at 1.22 months to 3.3

Inventory 493

Inventory Marketing Housing Market New Listings 493

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Here’s my forecast for 2024: 10-year yield and mortgage rates For 2024, the 10-year yield range will be similar to 2023, but with a few different variables to watch. Instead, they closed 2023 at 6.67%.

Housing Market 531

Housing Market Marketing New Listings Construction 531

Housing Wire

MAY 3, 2024

Thanks to high mortgage rates , mortgage refinance rates, and even higher home prices , the vibe among homebuyers has been fairly bleak these past couple months. In Denver in particular, new listings increased 29.12% month-over-month and 22.63% year-over-year. To that I say, timing is everything in real estate.

Inventory 451

Inventory Lending Inspection Real Estate 451

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The other focus should be where mortgage rates go; only a little happened last week. didn’t go into recession until 2008. The total NAR inventory is still 980,000.

Inventory 525

Inventory Housing Market Marketing New Listings 525

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

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

FEBRUARY 24, 2023

While the homebuilders weren’t surprised by the better-than-estimated new home sales report released Friday, some people were a bit shocked. 9 up until the early part of February as mortgage rates fell from 7.37% to 5.99%. To combat higher mortgage rates, builders have been cutting prices and buying down rates to move product.

Inventory 501

Inventory Construction Housing Market Mortgage 501

Housing Wire

AUGUST 30, 2022

This means all those men and women since 2012 who have been saying its housing 2008 all over again on their YouTube , Twitter, Facebook and other social media outlets simply don’t have the proper training to talk about housing economics. Case in point, purchase application data is already below 2008 levels today. million listings.

Inventory 397

Inventory New Listings Law Housing Market 397

Housing Wire

FEBRUARY 16, 2023

There is one simple reason for this: it’s not 2008. The truth is that if mortgage rates fell below 5.875% and kept going lower, everyone’s housing predictions would need to be revised this year because the builders can sell their homes with lower mortgage rates. However, I caution people not to look at it this way since the U.S.

Construction 526

Construction Housing Market Inventory Marketing 526

Housing Wire

OCTOBER 15, 2024

Home owners have a good thing in their cheap mortgages and high equity. Some of this week’s inventory decline was helped by western Florida, which had a lot of withdrawn listings and very few new listings due to the two hurricanes. New listings tick up New listings ticked up to 63,000 plus 10,000 more immediate sales.

Inventory 505

Inventory New Listings Sellers Marketing 505

Housing Wire

SEPTEMBER 19, 2023

It’s not unusual for a little jump in new listings in September. Obviously, mortgage rates have been stubbornly over 7% for a couple of months. That’s a change in expectation of mortgage rates. Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still.

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. We don’t have any data that shows sales are crashing from this low level: this is key when looking at the future because it does give us a place to grow sales as long as mortgage rates fall. From NAR : Existing-home sales waned 1.0% All four U.S.

Housing Market 493

Housing Market Inventory Contracts Marketing 493

Housing Wire

JUNE 22, 2023

Credit channels and inventory channels both changed after 2010 because of the qualified mortgage laws and the 2005 bankruptcy reform laws. This kind of activity was happening years before the job-loss recession happened in 2008. million would mean much better mortgage demand. NAR Research: Total existing-home sales rose 0.2%

Housing Market 526

Housing Market Marketing Inventory Law 526

Housing Wire

JANUARY 16, 2023

Mortgage rates fell along with bond yields, showing that mortgage rates peaked on Oct. The weekly data shows some good news for the housing market ! With mortgage rates also falling, I am hopeful that more people will list their homes and buy another, so we can get back to a more functional housing market.

Inventory 534

Inventory Housing Market Marketing Mortgage 534

Housing Wire

AUGUST 1, 2023

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. After the mortgage rate spike in September 2022, we got significantly more bearish on home prices for 2023. If mortgage rates increase to the 7.5%

Inventory 370

Inventory Contracts Buyers Mortgage 370

Will Springer Realtor

MAY 9, 2023

Falling new inventory is constraining transaction volumes while also supporting higher home prices. It’s a dynamic not often seen in our area and it – along with stubbornly high mortgage interest rates – has generated a rollercoaster ride of data that would make Six Flags jealous. Where are all the sellers?

New Listings 61

New Listings Inventory Buyers Sellers 61

Lamacchia Realty

JANUARY 31, 2024

This is in spite of a decrease in new listings, and overall homes listed were at their lowest level since 2008 in South Florida. Home sales should increase, especially if mortgage rates continue to trend downward or stay as they are now.

Inventory 64

Inventory Real Estate New Listings Realty 64

Boston Appraisal

JULY 22, 2019

After estimating in late 2018 that 30-year mortgage rates could reach 5.1% The rise in stock is not always due to the appearance of new listings, but also the result of properties sitting on the market. Firstly, lending requirements (which were one of the critical factors of the 2008 financial crisis) are very different today.

Marketing 78

Marketing Housing Market Real Estate Inventory 78

Boston Appraisal

JULY 22, 2019

After estimating in late 2018 that 30-year mortgage rates could reach 5.1% The rise in stock is not always due to the appearance of new listings, but also the result of properties sitting on the market. Firstly, lending requirements (which were one of the critical factors of the 2008 financial crisis) are very different today.

Marketing 78

Marketing Housing Market Real Estate Inventory 78

Cornerstone

FEBRUARY 15, 2022

When the pandemic first hit in early 2020, mortgage forbearance plans were announced, allowing homeowners in crisis to temporarily stop payments. The housing crash of 2008 resulted in more than nine million households losing their homes to a short sale, foreclosure, or bank surrender. Reading Time: 4 minutes. According to the MBA, 38.6

Loan Officers 63

Loan Officers Housing Market Inventory Mortgage 63

Empire Appraisal Group

JANUARY 4, 2023

NEW YORK – The U.S. Demand has plummeted as mortgage rates hit a two-decade high, but prices haven’t declined much in part because supply remains correspondingly low. In January 2008, supply jumped by four months’ worth of housing to 15 months, and there was a similar spike during every January of the housing bust.

Inventory 78

Inventory Open Houses Sellers Real Estate 78

Will Springer Realtor

OCTOBER 15, 2024

Now that the Federal Reserve has cut interest rates, home buyers should swarm the market with low-interest mortgages …. Consumers considering a change of address are holding out amid forecasts for lower mortgage interest rates in 2025. After the Fed rate cut, mortgage applications jumped 9% in a week. Hold on, there!

Housing Market 68

Housing Market Marketing Construction Buyers 68

Lamacchia Realty

JANUARY 25, 2024

Consequently, we’re witnessing the lowest number of new listings since 2000. The hesitation to lose rates in the 3% range, coupled with concerns about higher monthly payments upon buying again, has resulted in a scarcity of new listings. Will the 2024 Real Estate Market Improve? A lot to digest.

Inventory 55

Inventory Sellers Buyers Contracts 55

Lamacchia Realty

JULY 22, 2022

Sales are down now due to major mortgage rate increases crushing buyer affordability, and other buyers are pulling out of the home search with concerns of buying at the top of the market. As the market has cooled over the past few months with the increase in mortgage rates, they still haven’t started to fall. Prices Increase 11.4%.

Sellers 73

Sellers Buyers Inventory Contracts 73

Lamacchia Realty

JANUARY 25, 2024

With rates trying to reach equilibrium after their nosedive in 2020, everyone has had to accept that pandemic-era rates are a thing of the past and therefore higher monthly mortgage payments are here to stay. Therefore, we are in a market with the lowest amount of new listings since 1994.

Inventory 73

Inventory Sellers Contracts Buyers 73

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% homes this year, below expectations and a figure not seen since 2008 in the heart of the housing crash.

Finance 68

Finance Inventory Construction Buyers 68

Lamacchia Realty

JANUARY 30, 2024

2023 Sees the Lowest Number of Homes Listed in Fifteen Years There was a 10% decrease in the number of new listings compared to 2022, with 113,883 homes listed in South Florida, down from 126,545. This hesitancy, spanning two years, has resulted in the lowest number of new listings since 2008.

HOA 52

HOA Inventory Buyers Contracts 52