Housing Wire

FEBRUARY 1, 2021

Since 2011, the number of existing single-family homes for sale has declined more than 30%. As Candace Taylor writes in The Wall Street Journal , “These days, buyers eschew the large, ornate houses built in [previous] years in favor of smaller, more-modern looking alternatives.”

Finance 435

Finance Buyers Modernization Construction 435

Housing Wire

FEBRUARY 5, 2024

In 2011, only 13% of homebuilders worried about the cost of labor, versus 87% in 2019. On the bright side, attracting buyers to the market last year was not a widespread difficulty, but homebuilders fear that might change. Rising inflation came in second among the most widespread problems of 2023, cited by 83% of builders.

Construction 468

Construction Housing Market Buyers Sellers 468

Housing Wire

DECEMBER 7, 2020

The monthly housing supply for the existing home sales has only gone above six months during the bust years after the housing bubble (2006-2011). This period was also during a lull in our prime-age labor force growth, so demand was soft during the years 2006-2011. million jobs lost. Hard pass. It could also function as a jobs program.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

OCTOBER 18, 2022

The NAHB/ HMI report is based on a monthly survey of NAHB members, in which respondents are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes.

Housing Market 435

Housing Market Buyers Contracts Construction 435

Housing Wire

OCTOBER 17, 2022

This contributes to fewer homes being listed , as well as fewer potential buyers, and may lead to a growing share of listings having to cut prices to meet the reduced demand.” This is the slowest quarter of growth since Q4 2011. We expect these trends to continue in the coming months,” Duncan said. in Q3 2022.

Inventory 418

Inventory Buyers Mortgage Housing Market 418

Housing Wire

AUGUST 13, 2020

In this testimony given before congress in March of 2011 Calabria stated this: “ Reducing the competitive advantage of Fannie Mae and Freddie Mac via a mandated increase in their guarantee fees would both help to raise revenues while also helping to “level the playing field” in the mortgage market. It’s time to take the gloves off.

Mortgage 535

Mortgage Finance Marketing Insurance 535

Housing Wire

AUGUST 16, 2022

Currently, we are in a much different housing recession than what we had from 2005-2011. Now that demand is falling, the builders will take their time finishing these homes to ensure they have buyers ready to move in once the homes are completed. The credit cycle looks much different now than the build-up from 2002-2005.

Mortgage 533

Mortgage Construction Inventory Buyers 533

Housing Wire

JUNE 18, 2021

in the fourth quarter of 2020 to its lowest point since the second quarter of 2011. homes flipped in the first quarter of 2021, 10 percent were sold to buyers using loans backed by the Federal Housing Administration (FHA), down from 11.6% The gross flipping return on investment was down from 41.8% Of the 32,526 U.S.

Investors 501

Investors Investing Lending Inventory 501

Housing Wire

OCTOBER 1, 2022

In comparison, in 2011, homes took 96 days to sell. . Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies.

Realtors 418

Realtors Housing Market Marketing Buyers 418

Housing Wire

SEPTEMBER 21, 2023

“Fall could bring more declines in home prices as more buyers bow out.” The year 2023 is shaping up to be the first year since 2011 when annual existing-home sales will come in below 4.5 However, month-over-month, the median home price nationally was flat in August, Bright MLS Chief Economist Lisa Sturtevant noted.

Inventory 468

Inventory Realtors Housing Market Mortgage 468

Appraisal Buzz

JULY 16, 2024

homebuying season, Zillow’s latest monthly report finds that home listings are beginning to pile up as buyers step back from the peak of home shopping season earlier than usual. “A Sellers are increasingly cutting prices to entice buyers struggling with affordability,” said Dr. Skylar Olsen, Chief Economist for Zillow.

Home Value 397

Home Value Inventory Buyers Sellers 397

Housing Wire

OCTOBER 20, 2022

Though price growth has cooled and prices have begun to come down, high and still climbing mortgage rates mean many of today’s buyers face larger home payments than they would have when home prices were at their peak Hannah Jones, economic data analyst at Realtor.com. Buyers, builders and sellers take a step back as inflation persists .

Mortgage 435

Mortgage Sellers Buyers New Listings 435

Housing Wire

JANUARY 19, 2024

From NAR: First-time buyers were responsible for 29% of sales in December; Individual investors purchased 16% of homes; All-cash sales accounted for 29% of transactions; Distressed sales represented 2% of sales; Properties typically remained on the market for 29 days. This is a positive for housing in 2024 as most sellers are buyers.

Housing Market 493

Housing Market Inventory Contracts Marketing 493

Housing Wire

OCTOBER 28, 2020

After months of fending off an unsolicited takeover bid by two of its significant investors, CoreLogic today confirmed that it is looking for a buyer. “In CNBC also cited a source that said CoreLogic “has already signed a non-disclosure agreement with at least one potential buyer.”

Investors 371

Investors Investing Buyers Technology 371

Housing Wire

JANUARY 20, 2023

The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. Also, this is what the Federal Reserve wants.

Inventory 541

Inventory Housing Market New Listings Marketing 541

Housing Wire

MAY 26, 2022

However, the spike in inventory that we saw from 2006 to 2011 can be attributed to the massive credit bubble we had from 2002 to 2005. These two factors were happening from 2006 to 2011 and added supply to the market. You don’t want to overcomplicate this topic. Credit stress was evident from 2005 to 2008.

Inventory 526

Inventory Housing Market Construction Marketing 526

Housing Wire

AUGUST 24, 2023

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). In July, 26% of existing homes sold to cash buyers while 7% of new homes sold to cash buyers. said Sturtevant.

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

Housing Wire

JUNE 29, 2024

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. 2009 281,734 2010 345,146 2011 396,955 2012 318,041 Weekly housing inventory data I am almost ready to give an A grade for inventory this year.

New Listings 415

New Listings Inventory Contracts Sellers 415

Housing Wire

APRIL 23, 2023

Below is the monthly supply of existing homes from 1999-2014, where you can clearly see the growth in monthly supply from 2006-2011. As you can in the chart below, the monthly supply data shows we have no forced selling action in the housing market today, unlike the 2006-2011 period. I believe that number is four months.

Inventory 545

Inventory Housing Market Marketing New Listings 545

Housing Wire

DECEMBER 3, 2020

In high-demand areas where only one or two properties come on the market, maybe in a month, we’re seeing [buyers paying] upwards of $100,000 to $150,000 over asking price.”. Notably, in 2011, existing home prices in Ada County were at $160,113. Now, in 2020, median existing home prices are at $410, 414.

Marketing 534

Marketing Realty Realtors Housing Market 534

Housing Wire

DECEMBER 20, 2023

From NAR : First-time buyers were responsible for 31% of sales in November; Individual investors purchased 18% of homes; All-cash sales accounted for 27% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 25 days. So, let’s not make that mistake in 2024. Unsold inventory sits at a 3.5-month

Housing Market 482

Housing Market Marketing Inventory Realtors 482

Housing Wire

SEPTEMBER 22, 2022

A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. However, it’s not the market of 2002-2011. From NAR Research : “Total existing-home sales notched a minor contraction of 0.4%

Inventory 482

Inventory Housing Market New Listings Mortgage 482

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. This explains why total active listing inventory data has been stable over the decades, with the exception of 2006-2011, when those forced distressed credit home sellers couldn’t buy.

Inventory 531

Inventory New Listings Housing Market Sellers 531

Housing Wire

SEPTEMBER 14, 2023

After more than a decade of under-building relative to population growth, there are simply not enough affordable entry-level and first-time move-up options available for buyers. From February 2011 to April 2022, mortgage rates never rose above 5%, making the cost to borrow money and buy a home very cheap. million homes.

Tenants 418

Tenants Government Law Buyers 418

Housing Wire

APRIL 20, 2023

For some historical context, back in 2011, this data line was 101 days. NAR: First-time buyers were responsible for 28% of sales in March; Individual investors purchased 17% of homes; All-cash sales accounted for 27% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 29 days.

Inventory 531

Inventory Housing Market Marketing New Listings 531

Housing Wire

SEPTEMBER 7, 2022

It launched an interactive media platform as well in the fall of 2021, called Glocaly, which serves as a listing and marketing exchange for matching sellers and buyers of condos. Between 2011 and the end of 2021, Japanese companies operating in Texas accounted for a total of some $6.8

Development 397

Development Real Estate Luxury Properties Construction 397

Housing Wire

OCTOBER 20, 2022

On the other hand, investment-return decline during this year’s summertime home-selling season marked the largest quarterly downturn since 2011, with the third-quarter reversal also marking the first since 2010 that seller returns went down from the second to third quarter.

Sellers 435

Sellers Investing Housing Market Real Estate 435

Housing Wire

DECEMBER 7, 2022

million, the equilibrium balance between a buyer and seller marketplace that has been here for four decades. Only from 2006-2011 did we see this break due to forced sellers who couldn’t buy homes. NAR: Total Inventory levels 1.22 million Historically inventory levels range between 2 million and 2.5

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

JANUARY 26, 2022

Experienced real estate investors often say that there are opportunities in every market — whether prices are rising or falling, whether the trends lean towards a buyers’ market or a seller’s market. in 2021, the lowest level of gross margin since the first quarter of 2011, during the Great Recession. in 2020 to 33.2%

Real Estate 459

Real Estate Investors Inventory Business 459

Housing Wire

OCTOBER 17, 2024

In 2011, he founded the innovative brokerage The Agency RE, and he recently launched a real estate agent trade group that aims to serve as an alternative to the National Association of Realtors (NAR). If you analyze how a commission is paid, a commission has always been paid by the buyer, not by the seller.

Real Estate 459

Real Estate Brokerage Agents Real Estate Agent 459

Appraisal Buzz

JANUARY 23, 2025

Last years scenario emerged as buyers buoyed by rising wages, a strong investment market and mostly receding mortgage interest rates competed for a historically tight supply of homes. times the nationwide median in 2011, a point in time right before the housing market began recovering from the Great Recession. in 2023, the U.S.

Sellers 395

Sellers Investing Housing Market Home Value 395

Housing Wire

MARCH 9, 2024

Moving the needle doesn’t take much since we all know we have buyers ready to go and home sales are at record lows. Weekly new listing data for the last week over several previous years: 2024: 59,243 2023: 50,687 2022: 59,661 For some historical context, new listing data this week in 2011 was 362,248.

Mortgage 505

Mortgage Inventory New Listings Housing Market 505

Appraisal Buzz

JUNE 25, 2024

Sustained outperformance of the Northeast market was last observed in 2011. The Northeast is the best performing market for the previous nine months, with New York rising 9.4% For the decade that followed, the West and the South held the top posts for performance. growth in active inventory in the housing market in this period.

Inventory 356

Inventory Housing Market Marketing Sellers 356

Appraisal Buzz

MARCH 4, 2025

That was the slowest growth in a calendar year since 2019 and the second-slowest since 2011. There are more homes for sale right now than in recent years and that has led to buyers markets in many areas of the country. In percentage terms, the total value of the U.S. housing market grew 5.2% year-over-year.

Home Value 243

Home Value Housing Market Buyers Marketing 243

Housing Wire

SEPTEMBER 23, 2022

“The housing market continues to face headwinds as mortgage rates increase again this week, following the 10-year Treasury yield’s jump to its highest level since 2011,” Sam Khater, Freddie Mac’s chief economist, said in a statement. However, the number of homes for sale remains well below normal levels.”

Housing Market 370

Housing Market Marketing Mortgage Buyers 370

Housing Wire

AUGUST 15, 2022

The Federal Reserve Bank of New York ’s second-quarter 2022 Household Debt and Credit Report shows that limits on HELOCs jumped by $18 billion in the second quarter of this year, “the first substantial increase in HELOC limits since 2011,” and an indicator of an increase in new originations. We’ll probably trade a little over $1.2

Lending 459

Lending Home Value Mortgage Renovations 459

Housing Wire

APRIL 8, 2022

As you can see above, the monthly supply in 2006, 2007, 2008, 2009, 2010, and 2011 was above 6 months on average, running at 8.71 history are ages 26-32, and the first-time median home buyer age is now 33. Don’t forget the mortgage buyer is the most significant homebuyer out there; they matter the most. We are currently a t 1.7

Housing Market 418

Housing Market Marketing Inventory Lending 418