Housing Wire

JUNE 10, 2022

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels. This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low?

Sellers 397

Sellers Housing Market Inventory Buyers 397

Housing Wire

JUNE 29, 2024

Housing inventory is growing, but national home prices aren’t dropping dramatically, as the recent S&P CoreLogic Case Shiller index clearly showed. The last time we had a stressed seller market was when national home prices crashed in 2008-2011 and even with more inventory , we’re nowhere close to those levels.

New Listings 415

New Listings Inventory Contracts Sellers 415

Housing Wire

MAY 15, 2024

A lot has been said about the ‘silver tsunami,’ with predictions that baby boomers will move in droves , suddenly unlocking tons of inventory for younger homebuyers. Builders planning new communities or marketing to buyers should keep this criteria in mind.

Design 467

Design Buyers Construction Marketing 467

Housing Wire

JANUARY 19, 2022

Housing demand has outstripped supply since 2009,” First American deputy chief economist Odeta Kushi said in a statement. Experts are attributing the stability of housing starts this year to a slowly improving labor market, low mortgage rates, high demand for housing and an extremely low level of existing housing inventory.

Construction 468

Construction Housing Market Inventory Development 468

Housing Wire

NOVEMBER 3, 2020

Online real estate marketing platform Hubzu has launched a new mobile app, available for residential real estate buyers. The app offers potential buyers tools to find, research and bid on homes via a competitive auction format. Since 2009, it has facilitated the more than 4.5 million bids and the sale of more than 225,000 homes.

Real Estate 323

Real Estate Tools Technology Retail 323

Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Bulk Buyer Bonanza.

Investors 418

Investors Renovations Marketing Retail 418

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. The velocity of inventory rising in the next three months is limited. April 2022: Inventory has not recovered. Can this last?

Housing Market 418

Housing Market Marketing Inventory Lending 418

Housing Wire

MAY 18, 2021

. “I started as an agent up here in 2009, and I’ve been saying since then the only thing that would slow down the market would be some sort of national or international event,” said Pullin, a managing broker at Skyline Properties. But when inventory dropped to a third of its normal amount, everything changed.

Real Estate 468

Real Estate Marketing Real Estate Agent Agents 468

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. The number of buyers has been surprising. Inventory As a result, the seasonal inventory build is slow and on a normal cycle.

Inventory 370

Inventory Contracts Buyers Mortgage 370

Housing Wire

SEPTEMBER 13, 2024

If you want to thrive during a recession like I did in 2009, you must focus on homeowners who need to sell. Sellers are happy that they sold their home for more money than they bought it for, and home buyers are happy you found them an asset that will increase in value. Visit Ylopo 6.

Agents 448

Agents Real Estate Real Estate Agent Sellers 448

Appraisal Buzz

JULY 16, 2024

Since taking a dip in 2009, there has been a slow, but steady climb with more than 100,000 manufactured homes shipped in 2021, and a post-recession high reached in 2022 with 112,000 manufactured homes shipped, according to a 2023 report by the Joint Center for Housing Studies at Harvard University. year-over-year.

Modernization 397

Modernization Buyers Construction Marketing 397

Housing Wire

DECEMBER 16, 2021

Lenders should expect a much faster pace of hikes over the next few years than what was experienced following the 2009 recession. The inventory of existing homes remains quite tight at less than 2.5 The inventory of existing homes remains quite tight at less than 2.5 This additional inventory is sorely needed.

Marketing 482

Marketing Mortgage Supply Chain Inventory 482

Miller Samuel

FEBRUARY 12, 2019

The 10-year Challenge (2009 vs. 2019). Some analysts are even comparing the current cycle to the last downturn and the housing bubble in 2009, but Miller outlined quite a few differences between then and now. In 2009, the average discount from listing was 10.2%. Studio inventory is up 21% percent.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Appraisal Buzz

SEPTEMBER 25, 2024

existing home sales reached a nearly 20-year low in 2023, these sentiments highlighted a sense of hope among the nation’s home buyers. MortgagePoint had a chance to speak to Lindner about the findings of the report, and how prospective buyers can overcome burdensome affordability constraints to successfully enter the housing market.

Loan Officers 243

Loan Officers Retail Buyers Housing Market 243

DW Slater Company

JANUARY 30, 2023

Sellers have been in charge as buyer demand was fueled by historically low mortgage interest rates. Inventory is down from the previous month but up from the same time last year. To get an idea of how dramatic the mortgage rate increases have occurred in the last 6 months, take a look at this 10-year history of mortgage interest rates.

Housing Market 126

Housing Market Marketing Real Estate Appraisal 126

Lamacchia Realty

JANUARY 31, 2024

One of the biggest factors affecting inventory levels in 2023 was listings as they were the lowest since 2009 in Connecticut. Buyer demand in the market is still strong, so the leveling of mortgage rates is excellent news for buyers battling with affordability concerns.

Inventory 59

Inventory Real Estate Housing Market Realty 59

Annarbor Appraisal

APRIL 9, 2020

This information clearly shows a declining trend from the 2005 data down to a low point between 2009 and 2011. Buyers, sellers, and the Realtors who work with them are adaptable, and some transactions have continued via virtual showings. Many agents have noted that their buyers are reticent to purchase in this manner.

Property Taxes 78

Property Taxes Buyers Sellers Realtors 78

McKissock

AUGUST 9, 2021

After working for a time at a Chicago radio station, he got his first real estate job in 2009. Or sometimes buyers will simply put the word out on Facebook: “Getting ready to buy! A: In a home, our buyers, who mostly buy condos, want the same thing everyone else does — a little more than they can afford! A: Inventory.

Clients 96

Clients Real Estate Real Estate Agent Client Relationships 96

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 …. Buyers who enter the market now will enjoy some of the best selection of homes since before the pandemic as supply grows, competition wanes and home prices slip. months of inventory is for sale. Hold on, there!

Housing Market 68

Housing Market Marketing Construction Buyers 68

Lamacchia Realty

DECEMBER 28, 2022

It will be much like 2021, with record-breaking amounts of home sales, more record-breaking home price appreciation, and more buyers fighting over homes. At that time we had an extreme overabundance of sellers and not enough motivated buyers. Right now, there’s undoubtedly not as many buyers as there were over the past few years.

Sellers 78

Sellers Buyers Real Estate Inventory 78

Will Springer Realtor

AUGUST 13, 2024

July was marked by an expanding inventory of for-sale homes, fewer Pending sales and mostly higher prices. For now, potential home buyers and sellers are mostly in a wait-and-see mode. Inventory of all King County homes for sale (excluding Pending sales) was up 40% Year on Year (YoY) in July. The slump started last year with 4.1M

Buyers 53

Buyers Investors Sellers Inventory 53

Empire Appraisal Group

JULY 6, 2022

Wary buyers and rising interest rates may affect some U.S. Still, most economists are not predicting the catastrophic housing crash of 2007-2009 when there was a surplus of homes nationwide and a market saturated with bad mortgages. Unlikely to Feel Impact from Slowing Market. markets, but Fla.’s WEST PALM BEACH, Fla. –

Marketing 78

Marketing Landlords Real Estate Tenants 78

Will Springer Realtor

JULY 11, 2023

Home prices continued to confound buyers by climbing toward record highs as summer began. The slippage in listings under contract – which is currently at the third-slowest annual pace this century (after 2008 and 2009) – is a barometer for future sales. from May to 3242 units – the highest monthly figure since last September.

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Housing Wire

JULY 17, 2024

International homebuyers purchased the fewest number of existing homes for any year since the National Association of Realtors (NAR) began tracking the data in 2009. This decrease came even as the average ($780,300) and median ($475,000) purchase prices for foreign buyers were the highest ever recorded by NAR, up 21.9% purchased $22.6

Buyers 516

Buyers Inventory Realtors Real Estate 516

Appraisal Today

FEBRUARY 9, 2024

Homebuilding has been on an upward trajectory since 2009 as builders have slowly climbed their way out of the hole caused by the Great Recession. Homebuilders have been offering sizable concessions, including money for mortgage rate buydowns, to attract bidders and offload inventory.

Appraisal 81

Appraisal Contracts Insurance Construction 81

Appraisal Today

JUNE 10, 2022

” The most popular reason for respondents rebuffing the bubble thesis is strong market fundamentals, including demographics, scarce inventory and shifting housing preferences. The hangar was built in 2009, and the home was completed in 2014. Others, however, are completely livable dwellings. 2,821 sq.ft. It never sold. ==.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Listing Spark

DECEMBER 15, 2022

How to qualify buyers so that you have a low default rate on owner financing deals. Why some buyers can’t qualify for more traditional financing. 00:05:38] How to qualify buyers so that you have a low default rate on owner financing deals. 00:07:03] Why some buyers can’t qualify for more traditional financing.

Finance 36

Finance Investing Real Estate Lending 36

Will Springer Realtor

AUGUST 9, 2024

of office space, or 23% of total inventory, was available across the entire Eastside of King County, Broderick Group reported. The settlement requires all buyers in the U.S. This is nothing new to Washington buyers, as it became state law on Jan. By comparison, downtown Seattle’s office vacancy rate is 31%. About 7M sq.

Design 36

Design Real Estate Sellers Buyers 36

Appraisal Buzz

JULY 18, 2024

54,300 properties were purchased by foreign buyers, representing the lowest amount of homes purchased since 2009, the year NAR started collecting this data, and a 36% decrease from the prior year. home sales from foreign buyers.” Foreign buyers of existing residences in the U.S. decrease from the previous 12 months.

Buyers 395

Buyers Real Estate Realtors Development 395

Appraisal Today

MAY 26, 2023

A three-year renovation, ending in 2009, converted the upper floors into the 7,000-square-foot penthouse. In addition to reducing upfront costs, Rocket Mortgage says ONE+ completely eliminates the expensive monthly mortgage insurance fee for the client —which is traditionally required if the buyer places less than 20% down on their purchase.

Easement 52

Easement Contracts Appraisal Inspection 52

Housing Wire

AUGUST 1, 2023

Foreign buyers purchased $53.3 Foreign buyers closed on 84,600 properties, down 14.2% It was the lowest number of homes bought since 2009, when NAR began tracking this data. “Sharply lower housing inventory in the U.S. The increase in prices for foreign buyers reflects the increase in U.S. billion worth of U.S.

Buyers 370

Buyers Realtors Real Estate Inventory 370

Appraisal Today

JUNE 17, 2022

The number of potential buyers will decrease as rates go up in many markets. Today is NOT the same as 2008+, with its massive fraudulent loans made to unqualified buyers. Mortgage Lenders – 1989 – FIREEA and appraiser licensing, 2009- HVCC and AMCs took over. When will it affect your market?

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Appraisal Today

JUNE 24, 2022

Excerpts: Before the announcements from Fannie and Freddie, it was anticipated that desktop appraisals would only be accepted for loans with a maximum of 80% loan-to-value ratio (LTV), where buyers were making at least a 20% down payment. percent – the highest since November 2008 and the largest single-week increase since 2009.

Appraisal 52

Appraisal Contracts Mortgage Easement 52

Will Springer Realtor

MAY 9, 2023

Falling new inventory is constraining transaction volumes while also supporting higher home prices. There are many home options available to prospective buyers – including new construction offerings in buildings that opened during the pandemic. They include Nexus , The Emerald , KODA and Spire. And, opening this year, Graystone.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

JUNE 9, 2021

Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Housing Wire

FEBRUARY 22, 2022

Owing to a historic inventory crunch, new construction is playing a more prominent role in the housing inventory landscape in decades. We have been in a perpetually bare market for inventory for so long now that builders are having to fill the demand and I am not sure when it is going to end, which is crazy,” said Noel.

Supply Chain 538

Supply Chain Construction Inventory Housing Market 538

Housing Wire

NOVEMBER 22, 2024

Housing starts plummeted to the lowest levels in 50 years in April of 2009 and the cost to build soared. This could be a huge win-win-win (country, seller, buyer). And increased inventory at lower price points promotes a balanced market with price stability for the buyer. As I’m sure you recall, President George W.

Marketing 468

Marketing Investors Investing Housing Market 468