Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

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Housing Wire

JUNE 21, 2022

Since March of this year, housing demand has been falling more and more, but inventory is still below the 2010, 2013, 2016, and 2019 levels, which is a nightmare. Because housing is shelter, people don’t sell their homes to be homeless; it’s where they live. The only way this happens is higher rates.

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Housing Wire

OCTOBER 20, 2022

Despite this drop, investment returns for home sellers is still up from 48.8% This has resulted in a growing supply of homes for sale, and in turn pushed home prices down (though not in every market). Metro results for home sellers. The post Where home seller profit margins are shrinking appeared first on HousingWire.

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Housing Wire

DECEMBER 13, 2024

In 2010, more than 23% of homes in America were underwater. Our new listing data for that time period shows there were between 250,000 and 400,000 new listings per week as many sellers with underwater mortgages were forced into a distressed market. Therefore, the fact that this data line is just 0.1%

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Housing Wire

AUGUST 22, 2023

“Home sellers are buyers” — this is a phrase that I have been using in my economic work to explain the reality of the housing market recently. So, when home prices and mortgage rates rise so quickly, some sellers won’t list , which means they’re not buying either. When rates fall, demand picks up again.

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Housing Wire

OCTOBER 1, 2022

However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5

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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. Since most sellers are buyers, inventory should be stable if demand is stable. This is what happened post 2010: The millennials started to buy homes in 2013 and they finance 90% of those homes.

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Housing Wire

DECEMBER 21, 2022

.” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well. Since the credit standards have improved post-2010, we shouldn’t see distressed sellers until a job loss recession happens, even if sales fall noticeably.

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Housing Wire

APRIL 11, 2022

Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Then we had an 82% crash in new home sales, and the weakest new home sales recovery ever after 2010. million homes, which would mean the madness in the housing market would be over.

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Housing Wire

APRIL 18, 2024

This is a byproduct of the qualified mortgage rule of 2010, which has been a game-changer not only for the housing market but for the overall U.S. NAR: Total housing inventory registered at the end of March was 1.11 million active listings per the last report, we have 526,000 per our last Housing Market Tracker article.

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Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. As you can see below, the new home sales market from 2018-2022 doesn’t look like the housing market we had from 2002-2005.

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Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. Today, the average is 2.7

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Housing Wire

MARCH 29, 2022

Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Then we had an 82% crash in new home sales, and the weakest new home sales recovery ever after 2010. million homes, which would mean the madness in the housing market would be over.

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Housing Wire

MARCH 9, 2022

From 2010 to 2020, middle-income households gained $2.1 trillion in housing wealth, according to a new study by the National Association of Realtors , released on Wednesday. “These escalating home values were no doubt beneficial to homeowners and home sellers,” Yun said in a statement. in 2010. .”

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Housing Wire

NOVEMBER 4, 2022

million in 2010. The NAR report also found that as a group, the share of first-time homebuyers dropped to a record low of 26% from 34% last year, and off the peak of 50% in 2010. Those who have housing equity hold the cards and they’ve fared very well in the current real estate market. million in 2021, up from 50.5

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Housing Wire

MAY 10, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. The homeownership rate for Black Americans has actually declined between 2010 and 2020 and stands at 43.4%, while the homeownership rate for white Americans is 72.1%.

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Housing Wire

APRIL 20, 2023

The NAR data looks a bit backward, so if you want more fresh weekly data, I write the Housing Market Tracker every week on Sunday night to give you that information. That growth isn’t cooling as much as I would like, tied to my years 2020-2024 price-growth model for a stable housing market. are different post-2010.

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Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time.

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Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. The median existing- home price for all housing types in October was $391,800, down from $394,300 in September but up 3.4% Existing-home sales dropped 4.1% from October 2022’s $378,800.

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Housing Wire

OCTOBER 16, 2023

In August, Zillow ‘s 2023 Consumer Housing Trends Report proclaimed that half of all homebuyers are purchasing their first home, the highest share that Zillow has ever recorded. One of the primary reasons for this surge is the strong presence of millennials in the housing market, particularly those at the peak, around ages 33 and 34.

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Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. New listings are declining now.

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Housing Wire

JUNE 29, 2024

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. 2015 81,875 2016 80,293 2017 84,293 2018 98,972 2019 87,278 Now, let me show you what stressed sellers’ data looks like.

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Housing Wire

FEBRUARY 9, 2022

So, I agree with the consumer survey and keep saying this is the unhealthiest housing market post-2010. We always talk about the stress of home buying, but we should also include sellers in that discussion. I know some people can get an extended lease and live in the house after the sale.

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Housing Wire

FEBRUARY 9, 2022

So, I agree with the consumer survey and keep saying this is the unhealthiest housing market post-2010. We always talk about the stress of home buying, but we should also include sellers in that discussion. I know some people can get an extended lease and live in the house after the sale.

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Housing Wire

AUGUST 24, 2023

What does it mean for the housing market ? However, persistently high mortgage rates pose a significant affordability challenge to buyers and sellers (not to mention the workers of a trillion dollar-plus industry). A strong economy still supports rising wages, allowing many households to mitigate the financial pressures.

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Housing Wire

AUGUST 1, 2023

This trend is why we’ve called it a soft landing for the housing market. During the GFC, inventory rose in 2007, 2008, 2009 and 2010. That tells us the housing market has more demand by buyers than supply from sellers. Sellers are in much better shape than they were last year.

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Empire Appraisal Group

DECEMBER 19, 2024

from a year ago, NARs latest housing report shows. million, this is the lowest sales activity for existing homes since October 2010. With wage growth now outpacing home price appreciation, housing affordability will improve. Home seller profits remain historically high, with homeowners earning a 55.6%

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Housing Wire

DECEMBER 20, 2021

To help the most vulnerable population, Tara Roche, research manager for the Pew Charitable Trust , said that HAF will be available to those who are using alternative financing, such as land contracts (agreements directly between sellers and buyers) and loans secured by manufactured homes. The program prevented $8.3

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Will Springer Realtor

OCTOBER 15, 2024

Picture the residential real estate market as a massive funnel of consumers, with a collection of potential buyers – from serious to looky-loos – browsing their favorite search sites for homes. The 408 single-family-home sales in Seattle were the fewest for any September since the peak of the Great Recession in 2010 (371).

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Hank Miller Team

MARCH 21, 2022

It’s hard to find a housing market not presently on fire, Atlanta is no different. Compared to a decade ago and the worst housing crisis ever, this market turn around improvement is among the tops in the country. Of course the wheels came off in March 2020 and sellers have held the controls since.

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Will Springer Realtor

AUGUST 15, 2023

Sellers, too, are waiting for the easing of rates before looking for their next home, as estimates show 60% of today’s homeowners possess a mortgage with an interest rate of 4% or less. The single-family housing market is sluggish, as many prospective buyers and sellers have chosen to focus on enjoying the many weeks of beautiful weather.

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Appraisal Buzz

AUGUST 19, 2024

Economic Update: Housing Market Outlook With a presidential election only a few months away and the industry facing many questions and challenges regardless of who occupies the White House in 2025, we have assembled a panel of expert economists to share a forecast of what they anticipate for the remainder of 2024, and for the year to come.

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Empire Appraisal Group

FEBRUARY 25, 2021

In 2010, owners stayed for 8.7 Pandemic worries, fear of a competitive market and ultra-low loan rates convinced many to hunker down. NEW YORK – Housing market inventory remains tight as homeowners hold onto their homes longer. years in 2019 – but well ahead of 2010’s reading of 8.7 years; in 2020, it was 13 years.

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Will Springer Realtor

DECEMBER 12, 2023

The Seattle area housing market right now reads like a mystery novel with half the pages missing. Existing home sales fell 18% between October and November for all homes on the market and are off 11% Year-on-Year (YoY). The post Seattle Area Housing Market Remains Not for the Faint of Heart appeared first on Will Springer.

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Appraisal Today

JUNE 14, 2024

Factory-Built Houses: Types, Benefits, and Tips for Appraisers By Dan Bradley Excerpts: Factory-built houses are an important, yet often overlooked, part of the American housing market. Approximately 10% to 12% of new housing starts in the United States are factory-built.

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Housing Wire

OCTOBER 23, 2024

To get a real price crash, we would need to see a surge of housing inventory and distressed sellers. As you will see below, inventory is growing, but it’s been a calm, healthy rise in 2024, not a flood of houses coming onto the market. million for active inventory, the housing market is balanced.

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Will Springer Realtor

DECEMBER 19, 2023

Buyers and sellers tiptoed through caution. Prospective buyers and sellers watched this one out from the sidelines, leading to King County sales activity hitting lows not seen since 2010 at the heart of the housing crises. In an economic downturn, the housing market typically experiences slower sales and lower prices.

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