Remove 2010 Remove Realtors Remove Sellers
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Today’s sellers don’t have to worry about underwater mortgages

Housing Wire

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. Underwater mortgages are a proper barrier for sellers more so even than mortgage rates.

Sellers 395
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Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

The monthly Realtors Confidence Index helps to dispel many of the myths and cut through the noise of what is currently happening in the market. The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market.

Realtors 418
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Existing homes sales market falls again, market lacks sellers

Housing Wire

“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. Obviously, people don’t sell a home to be homeless.

Sellers 370
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Homeowners gain $8.2 trillion in housing wealth over 10 years

Housing Wire

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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Share of Black first-time homebuyers falls to 3%

Housing Wire

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.

Sellers 416
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Can first-time homebuyers afford homes today?

Housing Wire

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.

Realtors 459
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Existing-home sales have nowhere to go but up in 2024? 

Housing Wire

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. Existing-home sales dropped 4.1% in October from the prior month , reaching a seasonally adjusted annual rate of 3.79 All four U.S.

Inventory 435