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. million, according to the N ational Association of Realtors. On the bright side, housing inventory rose 1.8% On the bright side, housing inventory rose 1.8%

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Inventory New Listings Realtors Contracts 435

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. in 2010. .” in 2010 to 29.8% NAR defined a middle-class homeowner as one earning an income of over 80% to 200% of the area median income.

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Home Value Realtors Marketing Inventory 468

Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

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Realtors Buyers Inventory Investors 459

Housing Wire

FEBRUARY 18, 2022

The National Association of Realtors reported that existing home sales for January came in as a big beat at 6.5 Compare that to the 2010 demographic chart below, when that blue bump was still too young to kick in. Also, we are starting the year with fresh new all-time lows in inventory. million and 6.16

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Inventory Housing Market Buyers Investors 501

Housing Wire

NOVEMBER 19, 2020

The latter is a big deal for the roughly 650,000 Californians who, since 2010, have received a tax break allowing them to maintain their relatives’ low property taxes when they inherit the home. The measure, which was supported by the California Association of Realtors (to the tune of $35.7 vote , a pro-Prop 19 website.

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Property Taxes Realtors Inventory Law 493

Housing Wire

MAY 10, 2022

As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers.

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Housing Market Realtors Buyers Inventory 476

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened.

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Housing Market Marketing Inventory Mortgage 540

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. Of course this isn’t the healthiest housing inventory story. from the previous year ($375,300). All four U.S.

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Inventory Housing Market New Listings Buyers 505

Housing Wire

NOVEMBER 4, 2022

The National Association of Realtors (NAR) released a report on Friday that found 88% of all first-time homebuyers in the U.S. 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.

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Sellers Buyers Real Estate Agent Real Estate 418

Housing Wire

SEPTEMBER 28, 2023

in August, according to data released Thursday by the National Association of Realtors (NAR). Realtor.com Senior Economic Research Analyst Hannah Jones said that the early fall market benefits from “a build up in inventory left over from the summer as buyer demand fades, as well as below-peak prices.” All four regions of the U.S.

Housing Market 497

Housing Market Contracts Government Buyers 497

Empire Appraisal Group

DECEMBER 19, 2024

Despite Inventory Rise, Home Buyers Remain Cautious Source: [link] More listings are coming to the real estate market, but home sales continue to be sluggish. There are more inventory choices for consumers, lower mortgage rates than a year ago and continued job additions to the economy. Housing inventory was up 1.5%

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Inventory Buyers Real Estate Realtors 78

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. Inventory is always seasonal. Today inventory levels are at 1.02

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Housing Market Marketing Inventory Realtors 528

Housing Wire

SEPTEMBER 8, 2022

This can lead to home prices getting out of control , especially when total inventory gets to all-time lows. The National Association of Realtors’ total Inventory data shows that historically we have between 2 to 2.5 million homes for sale, but in 2022 we got as low as 870,000 in total inventory.

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Inventory Law Housing Market Design 544

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. Unsold inventory sits at a 2.0-month

Housing Market 505

Housing Market Marketing Inventory Mortgage 505

Housing Wire

OCTOBER 20, 2022

Higher mortgage rates continued to impact home sales over the last month, with existing home sales declining in September for the eighth consecutive month, according to a report from the National Association of Realtors (NAR). . Housing inventory also decreased last month, but just slightly, dropping from 1.25 million the month prior.

Inventory 418

Inventory Contracts Mortgage Realtors 418

Housing Wire

SEPTEMBER 30, 2020

A report by the Latino Donor Collaborative found that Latino GDP grew 72 percent faster than non-Latino GDP over the entire period from 2010 to 2018. The National Association of Realtors saw the median home price jump 8.5% While barriers, these goals are not unachievable.

Inventory 497

Inventory Real Estate Realtors Lending 497

Housing Wire

NOVEMBER 22, 2021

The National Association of Realtors ‘ existing home sales report for October came in at a solid beat of estimates at 6.34 Not bad considering the low inventory and all that unhealthy home price growth we have seen since the start of 2020. So, that is my focus for the last two reports and the weekly tracking of inventory.

Inventory 539

Inventory Investors Housing Market Buyers 539

Housing Wire

FEBRUARY 21, 2023

million, according to a report from the National Association of Realtors (NAR) released Tuesday. Before that, you have to go back to October 2010 to find total sales this low.” Inventory remains low, but buyers are beginning to have better negotiating power,” Yun added. from December to a pace of 4.00 in January.

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Inventory Buyers Housing Market Contracts 370

Inman

NOVEMBER 6, 2023

Well, figures recently released by the National Association of Realtors (NAR) put the industry back in 2010. It's an oft-repeated adage that real estate is cyclical. That's because existing home sales have dropped over 15 percent year-over-year.

Inventory 187

Inventory Realtors Real Estate Marketing 187

Housing Wire

AUGUST 22, 2023

That’s reflected in today’s existing home sales report by the National Association of Realtors (NAR), where they fell again. Two factors are driving current sales activity – inventory availability and mortgage rates,” said NAR Chief Economist Lawrence Yun. Unsold inventory sits at a 3.3-month million in July 2022).

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Sellers Marketing Inventory Housing Market 370

Housing Wire

APRIL 30, 2021

from 2010, per a recent U.S. ” Diaz said that, on average, 250 people are relocating to Scottsdale and Maricopa County a day, and inventory just can’t keep up. Over the past 10 years, Arizona has enjoyed the ninth-largest population increase in the past 10 years, up 11.8% Census report.

Housing Market 543

Housing Market Marketing Real Estate Real Estate Agent 543

Housing Wire

MAY 18, 2023

If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022. NAR Total Inventory Data going back to 1982. As you can see in the chart above, days on the market falling isn’t a good thing, but it’s the reality of the world we live in after 2010. million, up from 1.03 million last year.

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Housing Market Marketing Inventory Mortgage 539

Housing Wire

APRIL 28, 2022

Despite the acute inventory shortage, the National Association of Realtors estimated this week that 5.6 million last year, but higher than any year between 2010 and 2019. When inventory gets tighter, Schneider said, “Higher-end agents get a bigger share of the volume.”.

Mortgage 370

Mortgage Brokerage Agents Real Estate 370

Housing Wire

JULY 26, 2021

The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. And the National Association of Realtors reported that, for the first time in a generation, housing prices rose in each of the 181 metro areas it tracks at the end of last year.

Mortgage 514

Mortgage Lending Real Estate Agent Government 514

Housing Wire

JUNE 17, 2021

“People moving into Phoenix from California, Oregon, Washington and even the Midwest are flooding the market, depleting inventory and pushing up prices,” said Vincent Shook, a Redfin agent based in Phoenix. from 2010, per a recent U.S. Prices in Las Vegas (up 18.4% to $355,000) and Miami (up 24.3% Census report.

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Real Estate Housing Market Marketing Realtors 476

Eyes on Housing

OCTOBER 19, 2023

Existing home sales in September fell to lowest level since October 2010 as limited inventory and higher mortgage rates continued to weigh on homebuyers, according to the National Association of Realtors (NAR).

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Inventory Mortgage Realtors 193

Housing Wire

MAY 20, 2022

Since 2010, Bluff ton’s population has nearly tripled to about 34,000 making it one of America’s fastest growing towns. According to the Hilton Head Area Association of Realtors , the median home sale price jumped 15.3% Right now, the market has low inventory and when something good comes on the market there is a flood of activity.”

Housing Market 435

Housing Market Marketing Real Estate Agent Real Estate 435

Eyes on Housing

NOVEMBER 21, 2023

Existing home sales in October fell to the lowest level since August 2010, as limited inventory and higher mortgage rates continued to weigh on homebuyers, according to the National Association of Realtors (NAR).

Inventory 174

Inventory Mortgage Realtors 174

Housing Wire

JANUARY 7, 2022

That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year. By the numbers, Springfield is dealing with a similar high-demand, low-inventory quandary as the rest of the country, though with lower prices.

Housing Market 418

Housing Market Marketing Real Estate Agent Agents 418

Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.

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Agents Buyers Sellers Inventory 435

Housing Wire

SEPTEMBER 13, 2024

If you wish to upgrade your negotiation skills, consider signing up for a Real Estate Negotiations Expert (RENE) designation available through your local Association of Realtors. They often interview a few agents to list and market their current inventory and even the homes they plan to build.

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Agents Real Estate Real Estate Agent Sellers 448

Housing Wire

SEPTEMBER 13, 2024

HousingWire real estate reporter Jeff Andrews sat down with Serhant to talk about the show, how it changed his life and the brokerage, and what he sees coming in the industry following the commision settlement by the National Association of Realtors (NAR). And on the buy side, how can you have access to the most inventory?

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Brokerage Real Estate Agent Agents Real Estate 431

Empire Appraisal Group

FEBRUARY 25, 2021

Lots of Good Reasons | Florida Realtors. In 2010, owners stayed for 8.7 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 2019 – but well ahead of 2010’s reading of 8.7 years; in 2020, it was 13 years.

Realtors 60

Realtors Inventory Real Estate Sellers 60

Empire Appraisal Group

OCTOBER 28, 2021

On the supply side, a decade of underbuilding of homes, regulatory barriers, high construction costs combined with people staying longer in their homes have kept housing inventory low. While I have been on record many times saying this housing cycle is the unhealthiest housing market post-2010, it’s not because we have a terrible credit boom.

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Inventory Housing Market Construction Real Estate 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

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Housing Market Marketing Construction Buyers 68

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. Using the NAR data, the normal amount of active inventory since 1982 has been between 2 and 2.5

Mortgage 497

Mortgage Inventory New Listings Sellers 497

McKissock

OCTOBER 26, 2020

The Maine Association of Realtors’ monthly report says the median home sale price is up 17.4 This is partly because Maine has historically lacked a high inventory of larger properties, he adds. Our business has grown every year since 2010 and would have grown more if not hampered by low inventory. “In

Buyers 61

Buyers Sellers Agents Real Estate Agent 61