Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Now that we’re in 2024, the Federal Reserve ‘s rate hike cycle is over, so let’s look at what that means for housing demand and home prices. Let’s look at that dynamic.

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Housing Wire

JANUARY 22, 2024

Seniors largely want to remain in their own homes as they get older, and that preference could be remaking the housing market in the city of Chicago, according to a new report. of Chicago homes amid a housing shortage,” the company said in an email about the report according to the Sun-Times. Boomers own 35.6%

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Housing Wire

DECEMBER 29, 2021

A bullish housing market. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been. The excellent.

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Housing Wire

NOVEMBER 9, 2020

points, but has steadily recovered over 60% of its COVID-19 pandemic loss when April’s HPSI hit its lowest reading since November 2011. The post Buyers and sellers agree: it’s a good time to enter the housing market appeared first on HousingWire. Compared to this time last year, the HPSI is still down 7.1

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Housing Wire

SEPTEMBER 7, 2022

Price corrections are coming to housing markets across the United States, Black Knight said following July’s home price decline from June. Relatedly, tappable home equity is expected to pull back in the third quarter as equity-rich markets already saw declines in July. .

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Housing Wire

DECEMBER 20, 2023

Did today’s existing home sales report give us a playbook for housing in 2024? I would argue yes, and the housing market today looks a lot like what we saw in late 2022. I give more details in this interview on why I believe the housing market dynamics shifted on Nov. Unsold inventory sits at a 3.5-month

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Housing Wire

JANUARY 24, 2025

To date since its inception in 2011, the program has provided more than $25 million in mortgage and rental payment assistance to more than 17,000 families. Grants of up to $2,000 are made monthly to families in need of mortgage or rental payment assistance at one of the 13 network hospitals across the country.

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Appraisal Buzz

JANUARY 23, 2025

housing market mostly rebounded nicely in 2024. The price-and-profit picture, while mixed, reflected an ongoing housing market boom that has continued for 13 consecutive years. times the nationwide median in 2011, a point in time right before the housing market began recovering from the Great Recession.

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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

SEPTEMBER 23, 2022

You think things are bad in the housing market now? Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Probably, the housing market needs to go to a correction to get to that place.” ” Where is the housing market heading?

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Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

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Appraisal Buzz

MARCH 4, 2025

housing market grew 5.2% 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 2024, Floridas housing market had several challenges.

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Housing Wire

DECEMBER 7, 2020

housing market was the single best outperforming economic sector globally during the COVID-19 pandemic in 2020. Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. Existing home sales dipped below 5,000,000, and monthly housing supply rose. New Home Supply.

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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

OCTOBER 18, 2022

Homebuilder confidence continued its downward spiral in October, hitting its lowest level since August 2012, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Tuesday. Three other indices monitored by the NAHB also posted declines in October.

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Housing Wire

FEBRUARY 5, 2024

According to the January 2024 survey for the NAHB/Wells Fargo Housing Market Index (HMI) , 90% of builders reported high interest rates as a significant issue in 2023, while 77% expected them to be a problem in 2024. In 2011, only 13% of homebuilders worried about the cost of labor, versus 87% in 2019.

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Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. Total housing costs for American homeowners versus their wages are meager, and most will buy a home right away when they sell. Looking at housing this way, the last four decades make sense. The days on market were too low.

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Eyes on Housing

OCTOBER 20, 2021

Despite the volatility surrounding the recent COVID-19 pandemic, the housing market has shown remarkable resilience, fueled by demographic tailwinds and a housing shortage due to a decade of underbuilding.

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Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 months worth of housing inventory, which is the lowest ever, the report from Keller Williams said.

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Housing Wire

MAY 31, 2024

Studies GAO reviewed found that no investor owned 1,000 or more single-family rental homes as of late 2011,” the results said. However, by 2015, institutional investors collectively owned an estimated 170,000-300,000 homes. The vast majority of these investors are small investors, owning less than 10 total homes.

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Appraisal Buzz

MARCH 17, 2025

According to the Mortgage Bankers Association (MBA), theMortgage Credit Availability Index (MCAI)indicates that mortgage credit availability rose in Februarydespite economic changes and housing market uncertainty. There has been no update to the methodology for the expanded historical series from 2004 to 2010.

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Housing Wire

JANUARY 19, 2024

Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. My entire theme around the savagely unhealthy housing market is based on the premise of too many people chasing too few 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. 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.

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Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.

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Housing Wire

AUGUST 13, 2020

Director Calabria has one goal and that is to fully privatize the mortgage market and leave the GSEs as nothing more than a counter-cyclical last choice for the housing market. Calabria has written, spoken, and testified for years on his view that the mortgage market should be fully privatized.

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Housing Wire

SEPTEMBER 21, 2023

The housing market continues to cool amid high mortgage rates , affordability challenges and still-low inventory. Despite the slight uptick in newly listed homes in August, housing inventory remained one of the primary challenges for the market. In August, existing-home sales fell 0.7% Existing-home sales were down 15.3%

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Housing Wire

APRIL 20, 2023

As we can see in the data below, the days on the market fell back down to 29 days. For some historical context, back in 2011, this data line was 101 days. 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.

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Housing Wire

NOVEMBER 19, 2024

Homeowners are sitting on a record level of about $35 trillion in home equity — more than double the equity levels recorded prior to the financial crisis and housing market collapse of the late 2000s. As a frame of reference, in 2011, the collective level of senior-held equity sat at roughly $3 trillion.

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Housing Wire

FEBRUARY 1, 2021

Since 2011, the number of existing single-family homes for sale has declined more than 30%. By supplying more homes that are affordable, the housing industry can increase homeownership rates for everyone. ?. At the same time, we’ve seen an unprecedented increase in home prices.

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Housing Wire

MARCH 23, 2024

Imagine a housing market with just 6% mortgage rates or lower — it would be growing like what we see in the new home sales market. Weekly housing inventory data The best housing story for 2024 so far is that inventory is growing yearly. Year to date, we have had four positive prints versus six negative prints.

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Housing Wire

JANUARY 5, 2021

In fact, prior to founding SimpleNexus in 2011, CEO Matt Hansen worked on the Simplifile development architecture team for nearly five years. Most recently, the private-equity firm invested in Real , a technology-powered real estate brokerage in 2020, and perhaps most notably, e-recording provider Simplifile in 2013.

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Appraisal Buzz

FEBRUARY 3, 2025

The space shuttle program finally came to an end in 2011, primarily due to its outdated design, aging technology, and its inability to meet the evolving goals of the organization. However, the programs remarkable longevity, spanning 30 years, far exceeded its original plan.

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Housing Wire

FEBRUARY 8, 2024

Despite the population decline, Illinois’ housing market remains relatively strong. The state has an Altos Research Market Action Index score of 44, which is above the national score of 39. Altos considers anything above 30 to be indicative of a seller’s market. It’s depressing,” Laricy said of the downtown market. “One

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Housing Wire

FEBRUARY 21, 2023

million, it still marks the slowest annual pace of sales since 2011. million units for the year – a level similar to the annual pace that occurred in 2008-2011 period. trillion as the housing market recovers from the predicted recession. million units. While that expectation is up compared to the previous forecast of 4.52

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Housing Wire

SEPTEMBER 22, 2022

The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%.

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Housing Wire

JUNE 2, 2022

One top question he addresses is how the industry is reacting to this savagely unhealthy housing market. HW+ Member: What’s the number one question you are getting from the real estate agent community on the economy and housing market? This Q&A was originally hosted on June 1st. Ghost Supply 2.2

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Housing Wire

SEPTEMBER 27, 2023

The 30-year fixed mortgage rate increased to 7.41%, the highest rate since December 2000, and the 30-year fixed jumbo mortgage rate increased to 7.34%, the highest rate in the history of the jumbo rate series dating back to 2011,” said Joel Kan, MBA ’s vice president and deputy chief economist.

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