Housing Wire

MARCH 9, 2024

If so, what will this do to inventory levels? 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 housing inventory data The positive story for housing in 2024 has been the inventory growth we have seen year-over-year.

Mortgage 505

Mortgage Inventory New Listings Housing Market 505

Housing Wire

SEPTEMBER 21, 2023

The housing market continues to cool amid high mortgage rates , affordability challenges and still-low inventory. “Fall could bring more declines in home prices as more buyers bow out.” Housing inventory remains tight heading into fall Meanwhile, total housing inventory at the end of August was 1.1 from July and 14.1%

Inventory 468

Inventory Realtors Housing Market Mortgage 468

Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Plus, available housing inventory remains near historic lows.” ” 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.

Inventory 531

Inventory New Listings Housing Market Sellers 531

Housing Wire

OCTOBER 17, 2022

As mortgage rates rose and housing inventory increased, home price growth decelerated in the third quarter of 2022, according to the Fannie Mae Home Price Index ( FNM-HPI ) released Monday. This is the slowest quarter of growth since Q4 2011. The FNM-HPI found that home price growth was at an annualized rate of 13.2% in Q3 2022.

Inventory 418

Inventory Buyers Mortgage Housing Market 418

Housing Wire

JUNE 29, 2024

Housing inventory is growing, but national home prices aren’t dropping dramatically, as the recent S&P CoreLogic Case Shiller index clearly showed. 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.

New Listings 415

New Listings Inventory Contracts Sellers 415

Housing Wire

JANUARY 19, 2024

Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. To give you all some perspective, this data line dropped all the way to 14 days in the crazy period of COVID-19, while back in 2011, it was 105 days.

Housing Market 493

Housing Market Inventory Contracts Marketing 493

Housing Wire

OCTOBER 11, 2022

Inventory, which has been falling for years, broke to all-time lows in 2020. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. Of course, this has brought back some inventory, as demand weakness always creates inventory through accumulation. million active listings, but at just 1.28

Sellers 514

Sellers Inventory Housing Market New Listings 514

Housing Wire

DECEMBER 7, 2022

Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22 million Historically inventory levels range between 2 million and 2.5 NAR: Total Inventory levels 1.22

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

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

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. Total Inventory data fell in this report from 1.31 I am a big fan of inventory to 2019 levels. million to 1.28

Inventory 482

Inventory Housing Market New Listings Mortgage 482

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. The velocity of inventory rising in the next three months is limited. April 2022: Inventory has not recovered. Can this last?

Housing Market 418

Housing Market Marketing Inventory Lending 418

Housing Wire

JUNE 18, 2021

in the fourth quarter of 2020 to its lowest point since the second quarter of 2011. How fix’n’flip loans could help expand housing inventory. 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% Presented by: Acra Lending.

Investors 501

Investors Investing Lending Inventory 501

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. million and 1.87 in 2020 to 33.2%

Real Estate 459

Real Estate Investors Inventory Business 459

Housing Wire

OCTOBER 1, 2022

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. In comparison, in 2011, homes took 96 days to sell. . All cash buyers now stand at 24%. For every home that was listed, there were 2.5

Realtors 418

Realtors Housing Market Marketing Buyers 418

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

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.”. months worth of housing inventory, which is the lowest ever, the report from Keller Williams said.

Marketing 534

Marketing Realty Housing Market Realtors 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. NAR: Total housing inventory at the end of November was 1.13

Housing Market 482

Housing Market Marketing Inventory Realtors 482

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. Housing inventory issue with no booming demand. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5

Inventory 397

Inventory New Listings Law Housing Market 397

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

Appraisal Buzz

JUNE 25, 2024

Sustained outperformance of the Northeast market was last observed in 2011. growth in active inventory in the housing market in this period. 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.

Inventory 356

Inventory Housing Market Marketing Sellers 356

Housing Wire

OCTOBER 17, 2023

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. in first quarter to 27.5% Sector leaders are predicting more of the same for 2024.

Investors 448

Investors Inventory Investing Real Estate 448

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

Hank Miller Team

JANUARY 23, 2023

That message however, is often taken at face value and some home buyers expect a bargain basement spring. Best advice as to what home buyers should expect in the spring of 2023.understand understand that it's not the spring of 2011. Home buyers had a rough couple of years. Preparation is the key to success.

Buyers 98

Buyers Inventory Agents Contracts 98

Housing Wire

MARCH 30, 2023

Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011. Kim: I hear about the lack of inventory issues and bidding wars across the country. I think there’s a little bit lower price point, there’s a little more inventory. This interview has been condensed and lightly edited for clarity.

Mortgage 418

Mortgage Retail Loan Officers Brokerage 418

Appraisal Buzz

DECEMBER 16, 2024

According to Realtor.com, inventory levels are close to or higher than pre-pandemic norms in many Sun Belt states, such as Florida and Texas, as well as in portions of the Mountain West area and Pacific Northwest. A divergent home price story is currently being driven by regional differences in for-sale inventory.

Inventory 240

Inventory Construction Housing Market Mortgage 240

Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. A year later, still no crash, which had more to do with the decrease in inventory than the decrease in sales. A lot of it had to do with anemic inventory. Average prices for closed sales increased by 3.4%

Inventory 73

Inventory Sellers Contracts Buyers 73

Lamacchia Realty

JANUARY 25, 2024

reduction in sales, leaving prospective buyers eager to make a move. As interest rates sought to stabilize following their sharp decline in 2020, both buyers and sellers had to acknowledge the end of the era of historically low pandemic-induced rates, and the beginning of higher monthly mortgage payments. Sales Decline by 23.2%

Inventory 62

Inventory Sellers Buyers Real Estate 62

Lamacchia Realty

JANUARY 25, 2024

This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Average prices for closed sales increased by 7.2% Sales Decline by 18.9%

Inventory 55

Inventory Sellers Buyers Contracts 55

Annarbor Appraisal

APRIL 9, 2020

This information clearly shows a declining trend from the 2005 data down to a low point between 2009 and 2011. Buyers, sellers, and the Realtors who work with them are adaptable, and some transactions have continued via virtual showings. Many agents have noted that their buyers are reticent to purchase in this manner.

Property Taxes 78

Property Taxes Buyers Sellers Realtors 78

Empire Appraisal Group

AUGUST 1, 2024

While they’re more popular as a vacation novelty, recent Google Trends data shows searches for information about tiny homes has increased exponentially since 2011. “Those shopping now should see early-season price cuts on left-over or mispriced inventory. Anything under 600 square feet is generally considered a tiny house.

Legal 78

Legal Buyers Construction Government 78

Lamacchia Realty

JANUARY 30, 2024

Unlike what the Northeast experienced, South Florida inventory is up over 2022 and the second half of 2021. That said, the number of homes sold is down year over year, so it’s a true sign that the voracious buyer activity has slowed down and that this region is a bit ahead of the North in the market adjustment cycle.

HOA 52

HOA Inventory Buyers Contracts 52

McKissock

MARCH 1, 2021

Dara’s ability to listen to clients and her attention to detail landed her Exceptional Service Awards in 2011, 2012, and 2013 from Cartus/USAA, one of the nation’s largest relocation organizations. A: The obstacles Millennial real estate buyers face for owning a home in the Boston market come down to low inventory.

Real Estate 90

Real Estate Clients Real Estate Agent Renovations 90

Lamacchia Realty

DECEMBER 28, 2022

It will be much like 2021, with record-breaking amounts of home sales, more record-breaking home price appreciation, and more buyers fighting over homes. At that time we had an extreme overabundance of sellers and not enough motivated buyers. Right now, there’s undoubtedly not as many buyers as there were over the past few years.

Sellers 78

Sellers Buyers Real Estate Inventory 78

Will Springer Realtor

DECEMBER 14, 2021

Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. Buyers are seeing rates inch higher – currently at about 3.25% in Seattle/King County for a typical 30-year mortgage (rates vary based on an applicant’s circumstances). What will the 2022 Seattle/King County housing market offer?

Real Estate 69

Real Estate Buyers Construction Sellers 69

DataMaster

JUNE 9, 2021

adjusted for inflation) in December 2011 to $372,400 in April 2021. Due to covid-19 and the subsequent rise in building supply costs and drop in inventory, the effects on homeownership are yet to be seen. If a consumer has no other debt, the CFPB states that it’s acceptable to loan a qualified buyer that amount for a home!

Mortgage 78

Mortgage Loan Officers Appraisal Inventory 78

DataMaster

JUNE 9, 2021

adjusted for inflation) in December 2011 to $372,400 in April 2021. Due to covid-19 and the subsequent rise in building supply costs and drop in inventory, the effects on homeownership are yet to be seen. If a consumer has no other debt, the CFPB states that it’s acceptable to loan a qualified buyer that amount for a home!

Mortgage 78

Mortgage Loan Officers Appraisal Inventory 78

DataMaster

JUNE 9, 2021

adjusted for inflation) in December 2011 to $372,400 in April 2021. Due to covid-19 and the subsequent rise in building supply costs and drop in inventory, the effects on homeownership are yet to be seen. If a consumer has no other debt, the CFPB states that it’s acceptable to loan a qualified buyer that amount for a home!

Mortgage 78

Mortgage Loan Officers Appraisal Inventory 78