Remove 2009 Remove Inventory Remove Sellers
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Purchase apps are at 2009 level: where’s the inventory?

Housing Wire

It’s an excellent time to discuss housing inventory. Today, however, the purchase application data is actually down to levels we saw in 2009 ! How can housing inventory be so low today when it skyrocketed back in 2009? I don’t believe housing inventory below 1.52 The housing market shifted in March of this year.

Inventory 526
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Home prices are dropping like it’s 2009

Housing Wire

Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight. “Historically low inventory – along with record low interest rates – was one of the key drivers behind U.S. Much of that depends on how much inventory returns to the market.

Inventory 529
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How Andrew Marquis plans to close more loans in a low-inventory market  

Housing Wire

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

Inventory 418
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New listings data is growing and prices still aren’t crashing

Housing Wire

Housing inventory is growing, but national home prices aren’t dropping dramatically, as the recent S&P CoreLogic Case Shiller index clearly showed. Today, we will examine new listing data more extensively to provide a clear example of a stressed seller market and compare that to where we are today.

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HW+ Member Spotlight: Stacy Esser

Housing Wire

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
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How builders can support baby boomers in their second phase of life

Housing Wire

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. Simple-sizing homes and life We found that most baby boomer sellers aim to downsize, with 74% saying they’ll reduce their living space by about 25%.

Design 467
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How agents can thrive in a recession: 7 tips from a KW mega broker

Housing Wire

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. Unlike some sellers, homebuilders rarely rent their properties.

Agents 448