Housing Wire

MAY 31, 2024

A new report from the Government Accountability Office (GAO) concluded that while institutional investors may have contributed to rising home prices since 2009, the actual impact they have had on homeownership opportunities is more difficult to assess.

Investors 457

Investors Inventory Government Construction 457

Housing Wire

JUNE 8, 2022

2012: What they said: Shadow inventory will cause prices to fall. The reality: Inventory broke down in 2012, and the monthly supply data got below 6.0 The “shadow inventory” was not an issue as it took years to get rid of the distressed supply from the housing bubble years. million of inventory is normal.

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

OCTOBER 21, 2020

“Yes, it’s come down to 10 million, but look at how that compares again to the peak in 2009 of 6.6 However, due to the narrow industry focus of the job losses, this downturn has proved much different than what the economy saw in 2009. Housing inventory and prices. million,” he said.

Mortgage 435

Mortgage Inventory Housing Market Construction 435

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

DECEMBER 7, 2021

Black Knight said that elevated prices will continue into the foreseeable future, as inventory shortages continue to put upward pressure on home prices. will result in the tightest affordability since 2009. “At The data vendor noted that there is a 54% deficit in for-sale properties today compared to 2017 to 2019 averages.

Inventory 476

Inventory Mortgage Marketing 476

Housing Wire

DECEMBER 4, 2022

While still relatively low among conforming loans, the early payment default rate – which captures mortgages that have become delinquent within six months of origination – rose among FHA loans to reach its highest level since 2009, excluding the months in the immediate wake of the pandemic, the report said. .

Mortgage 397

Mortgage Inventory 397

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. By contrast, in the decade 2009 through 2019, there was an average of 660,000 single-family homes constructed each year.

Construction 476

Construction Supply Chain Inventory Housing Market 476

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

JUNE 3, 2024

In a tight market with low inventory and higher interest rates, many homebuyers take out ARMs because they carry lower rates for an initial period of fixed interest and amortize over a 30-year term. Most of the loans that have reset at higher rates over the past 12 months (71%) were originated before 2009.

Mortgage 450

Mortgage Inventory Marketing 450

Housing Wire

JUNE 18, 2021

In an economic outlook panel at HousingWire’s Engage.marketing event on Thursday, Duncan explained that in the 2007 to 2009 downturn, the industry went from building 2.2 It’s going to take all of them. million units to 600,000, and stayed around that level for three years.

Supply Chain 445

Supply Chain Housing Market Marketing Inventory 445

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

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

JULY 19, 2023

The extent of the ongoing lack of inventory has exceeded our prior expectation,” the ESR group said in its July commentary. This ongoing lack of inventory, in part due to mortgage lock-in effects, has driven significantly stronger home price appreciation over the first half of 2023 than we had previously anticipated.” While the U.S.

Construction 284

Construction Inventory Housing Market Marketing 284

Inman

JANUARY 10, 2023

A slowdown in new leases paired with higher inventory is expected to hike vacancies and put pressure on rents. The balance of power in the rental market is rapidly shifting to renters.".

Inventory 157

Inventory Marketing Investing 157

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

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. After all, boomers own almost 10 million homes and are likely considering a lifestyle change. New construction in age-restricted communities is becoming a rising trend.

Design 464

Design Buyers Construction Marketing 464

Housing Wire

JANUARY 8, 2021

In the new year, Mortgage Bankers Association chief economist Mike Fratantoni said the lack of inventory is the biggest constraint to further growth in home sales for 2021. Despite builder confidence hitting a 35-year-high in November , the census bureau still estimates new home sales have just over a four-month supply.

Construction 468

Construction Retail Law Inventory 468

Housing Wire

NOVEMBER 3, 2020

Since 2009, it has facilitated the more than 4.5 Its new tool myTime allows private access not only to model homes, but to Brookfield Residential’s supply of move-in ready inventory homes. The app offers potential buyers tools to find, research and bid on homes via a competitive auction format. and Denver markets.

Real Estate 312

Real Estate Tools Technology Retail 312

Housing Wire

AUGUST 1, 2023

Inventory As a result, the seasonal inventory build is slow and on a normal cycle. Inventory growth seems to have a few more weeks to go. Inventory will probably peak at the end of August like it did in 2021. When you want to look at home prices in the future it’s helpful to look at inventory levels now.

Inventory 370

Inventory Contracts Buyers Mortgage 370

Housing Wire

MAY 28, 2021

“I honestly haven’t seen this kind of market for homes in San Jose since 2009.” . “We’re seeing eight to 10 offers on homes as soon as they go on the market,” Wellman said. ” Existing San Jose home sales were up 47.9% year over year in March 2021, per a report from Norada Real Estate Investments.

Buyers 401

Buyers Real Estate Agents Inventory 401

Housing Wire

AUGUST 15, 2023

Despite persistent inflation challenges, a volatile mortgage market and limited inventory, Keller said it was still a good time to buy a house. “It million sales in 2021, but roughly the same as 2009 to 2012. “If Keller kicked off the first day of the two-day gathering by offering his take on the housing market and economic conditions.

Agents 370

Agents Marketing Real Estate Housing Market 370

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

Housing Wire

OCTOBER 15, 2020

There were a total of 647 vacant structures in the Slavic Village neighborhood in July 2020, down 15% from March 2019 and down 53% from a peak of 1,368 vacant structures in March 2009, according to a biannual survey conducted by SVD of all parcels in the neighborhood. In 2008, 2009, it was triage. Seeking new inventory sources.

Buyers 360

Buyers Development Renovations Retail 360

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. So far in 2022, only 5.4%

Investors 418

Investors Renovations Marketing Retail 418

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

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.

Modernization 397

Modernization Buyers Construction Marketing 397

Housing Wire

JULY 1, 2021

TB: Some of the biggest challenges are pent-up default inventory leading to a myriad of potential bottlenecks in the default servicing process. HW: What are some of the biggest challenges servicers are facing as they head into 2021 and 2022? HW: How is Hubzu prepared to help servicers in the event of increased defaults?

Inventory 269

Inventory Sellers Training Real Estate 269

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. They often interview a few agents to list and market their current inventory and even the homes they plan to build. You can do this by helping them get some of their standing inventory sold.

Agents 448

Agents Real Estate Real Estate Agent Sellers 448

Housing Wire

APRIL 5, 2021

While the position of the Fund has strengthened in recent years and continues to do so largely as the result of a robust housing market driven by low inventory, low interest rates, and solid home-price appreciation, there are many reasons to proceed cautiously and to continue to prepare for the unexpected.

Insurance 310

Insurance Housing Market Mortgage Government 310

Appraisal Buzz

SEPTEMBER 25, 2024

In 2009, Chase was reimagining its mortgage distribution model and asked me to help move that work forward in a Senior Lending Manager position, which further deepened my knowledge and perspective in the industry. I later transitioned to running retail bank branches. And also, speak with a lender.

Loan Officers 243

Loan Officers Retail Buyers Housing Market 243

DW Slater Company

JANUARY 30, 2023

Inventory is down from the previous month but up from the same time last year. Supply has increased, but is still very low as less than 3 months supply in any market. Fewer existing homes have been put on the market as homeowners are holding on to the low rates in their current loans. Million Allegedly Paid to Two “Favored” Appraisers.

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. This should also make want-to-be sellers more motivated to list their homes which should cause inventory to rise and in turn price growth should slow, level off, or even fall slightly (NOT crash).

Inventory 59

Inventory Real Estate Housing Market Realty 59

Appraisal Buzz

JUNE 12, 2024

The company—was established “to provide portfolio managers with reliable and high-quality outsourcing services to manage their REO assets”—launched just before the 2007-2008 financial crisis, a time when REO inventories were abundant as the nation navigated wide-spread foreclosures, bank collapses, and economic strife.

Training 221

Training Business Human Resources Appraisal 221

McKissock

AUGUST 9, 2021

After working for a time at a Chicago radio station, he got his first real estate job in 2009. A: Inventory. Mike McElroy has been in the real estate business for seven years. He says he found a business afraid of change, afraid of technology, afraid of loosening up and having fun every now and then. So he started his own brokerage.

Clients 96

Clients Real Estate Real Estate Agent Client Relationships 96

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. If prices had already started to level even with an extreme shortage of inventory, what will happen when the market unfreezes and buyers and sellers are free to move around again? What happens if it only tops 15%?

Property Taxes 78

Property Taxes Buyers Sellers Realtors 78

Will Springer Realtor

OCTOBER 15, 2024

The recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months,” Lawrence Yun, chief economist for the National Association of Realtors® said in September. months of inventory across all home types in King and 2.3

Housing Market 68

Housing Market Marketing Construction Buyers 68

Empire Appraisal Group

JULY 6, 2022

Recent studies by three South Florida universities and the University of Alabama point to the same high demand and low inventory as reasons for the homebuyer and rental angst experienced since the start of the pandemic, but the research also found future population growth in Florida will extend housing woes. “We Housing crash unlikely.

Marketing 78

Marketing Landlords Real Estate Tenants 78