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.

Housing Market 534

Housing Market Marketing Construction Mortgage 534

Housing Wire

OCTOBER 20, 2022

Despite this drop, investment returns for home sellers is still up from 48.8% This has resulted in a growing supply of homes for sale, and in turn pushed home prices down (though not in every market). Metro results for home sellers. The post Where home seller profit margins are shrinking appeared first on HousingWire.

Sellers 435

Sellers Investing Housing Market Real Estate 435

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. million units, down 1.7% from October but up 0.9%

Housing Market 482

Housing Market Marketing Inventory Realtors 482

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

Realtors 418

Realtors Housing Market Marketing Buyers 418

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.

Inventory 521

Inventory New Listings Housing Market Mortgage 521

Housing Wire

FEBRUARY 5, 2024

Additionally, the competition from existing home sellers was somewhat absent. Department of Housing and Urban Development. In 2011, only 13% of homebuilders worried about the cost of labor, versus 87% in 2019. An estimated 668,000 new homes were sold in 2023, 4.2% more than the figure of 641,000 in 2022, according to the U.S.

Construction 468

Construction Housing Market Buyers Sellers 468

Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. The days on market were too low. And existing home sales crashed in 2022 from a peak of around 6.5

Inventory 541

Inventory Housing Market New Listings Marketing 541

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. Since the credit standards have improved post-2010, we shouldn’t see distressed sellers until a job loss recession happens, even if sales fall noticeably.

Inventory 531

Inventory New Listings Housing Market Sellers 531

Housing Wire

NOVEMBER 15, 2024

Look at the difference between this week in 2024 versus the same weeks in 2009-2011. We had a lot of stressed sellers back then! Here is an example with our Nov.

New Listings 521

New Listings Sellers Mortgage Law 521

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.

Housing Market 493

Housing Market Inventory Contracts Marketing 493

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.

Inventory 526

Inventory Housing Market Construction Marketing 526

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.

Marketing 534

Marketing Realty Housing Market Realtors 534

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. When mortgage rates fall, demand picks up.

Mortgage 521

Mortgage Inventory New Listings Housing Market 521

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. Across the state, as of Feb. 1 through Dec.

Inventory 468

Inventory Agents Housing Market Luxury Properties 468

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.

Home Value 418

Home Value Mortgage Sellers Finance 418

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.

Inventory 531

Inventory Housing Market Marketing New Listings 531

Housing Wire

JUNE 29, 2024

Today, we will examine new listing data more extensively to provide a clear example of a stressed seller market and compare that to where we are today. 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

OCTOBER 20, 2022

The 30-year fixed-rate mortgage continues to remain just shy of 7% and is adversely impacting the housing market in the form of declining demand,” Sam Khater, Freddie Mac’s chief economist, said in a statement. Buyers, builders and sellers take a step back as inflation persists . A year ago at this time, rates averaged 3.09%.

Mortgage 435

Mortgage Sellers Buyers New Listings 435

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%.

Inventory 482

Inventory Housing Market New Listings Mortgage 482

Housing Wire

NOVEMBER 10, 2023

metropolitan areas since 2011. FHA loan usage increases in September As sellers field fewer offers, buyers with FHA loans may have greater luck to close on a home. Oakland, California, and San Jose, California, as well as Seattle posted the smallest share of all-cash transactions at 18%, 18.2% and 20.3%, respectively. in April 2023.

Mortgage 468

Mortgage Buyers Insurance Government 468

Housing Wire

MAY 24, 2022

A lot of the housing data was lagging the rate move, so it wasn’t apparent that higher rates impacted the data yet. Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. However, the housing market changed once the 10-year yield broke over 1.94%.

Housing Market 418

Housing Market Inventory Construction Marketing 418

Appraisal Buzz

JULY 16, 2024

“A growing segment of homes that aren’t competitively priced or well marketed are lingering on the market. Sellers are increasingly cutting prices to entice buyers struggling with affordability,” said Dr. Skylar Olsen, Chief Economist for Zillow. For years, the housing market has been defined by fast sales and few options.

Home Value 397

Home Value Inventory Buyers Sellers 397

Appraisal Buzz

JUNE 25, 2024

The Northeast is the best performing market for the previous nine months, with New York rising 9.4% Sustained outperformance of the Northeast market was last observed in 2011. million in April.” “Despite the slower pace of sales activity, home sellers were somewhat more willing to engage with the market.

Inventory 356

Inventory Housing Market Marketing Sellers 356

Housing Wire

AUGUST 8, 2022

its lowest reading since 2011. The HPSI has declined steadily for much of the year, as higher mortgage rates continue to take a toll on housing affordability,” Doug Duncan, Fannie Mae’s senior vice president and chief economist, said in a statement. Fannie Mae’s Home Purchase Sentiment Index fell two points in July to 62.8,

Mortgage 370

Mortgage Sellers Housing Market Real Estate 370

Housing Wire

MARCH 9, 2022

. “Given the rapid migration and robust job growth in these areas, I expect these markets to continue to see impressive price gains.” While rising housing prices benefit homeowner, if prices rise too high they become unaffordable and low- and middle-income households cannot share in the wealth creation arising from homeownership.

Home Value 468

Home Value Realtors Marketing Inventory 468

Housing Wire

AUGUST 24, 2023

What does it mean for the housing market ? 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). A strong economy still supports rising wages, allowing many households to mitigate the financial pressures.

Mortgage 370

Mortgage Property Taxes Investors Buyers 370

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. One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. New listings are declining now.

Inventory 397

Inventory New Listings Law Housing Market 397

DataMaster

JUNE 16, 2021

And the number continued to slide to a low of 446,600 in 2011. According to Freddie Mac , at the beginning of 2020, the housing supply was short by 2.5 If even a tiny percentage of that supply was made available in the housing market, we could find some relief. million units. Tax breaks can enact change.

Construction 174

Construction Law Landlords Development 174

Will Springer Realtor

DECEMBER 8, 2021

from a year ago and at a level not seen since 2011. Who said this is a sellers’ market? Perhaps it’s truly a builders’ market. GREATER BUYING POWER Buyers who are struggling to purchase a home in this frenzied housing market will receive a bit of a lifeline in 2022. DECEMBER HOUSING UPDATE.

Sellers 36

Sellers Marketing Supply Chain Construction 36

Lamacchia Realty

JUNE 3, 2021

He is skilled in many facets of Real Estate including both Buyer & Seller Representation, Commercial, Investment, Relocation & Luxury Properties. He has a very strong passion for the real estate industry and greatly enjoys working with Buyers and Sellers to help them with their real estate needs.

Realty 67

Realty Agents Real Estate Human Resources 67

Will Springer Realtor

JULY 8, 2022

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Not really sure.”.

Housing Market 36

Housing Market Marketing Inventory HOA 36

Will Springer Realtor

DECEMBER 14, 2021

A shortage of homes for sale sparked some of the fastest-moving deals in memory, particularly on the Eastside, where single-family homes “sat” on the market for a median 5.4 What will the 2022 Seattle/King County housing market offer? Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021.

Real Estate 69

Real Estate Buyers Construction Sellers 69

Appraisal Today

JUNE 14, 2024

Factory-Built Houses: Types, Benefits, and Tips for Appraisers By Dan Bradley Excerpts: Factory-built houses are an important, yet often overlooked, part of the American housing market. Approximately 10% to 12% of new housing starts in the United States are factory-built.

Appraisal 74

Appraisal Sellers Contracts Insurance 74

DataMaster

JUNE 16, 2021

And the number continued to slide to a low of 446,600 in 2011. According to Freddie Mac , at the beginning of 2020, the housing supply was short by 2.5 If even a tiny percentage of that supply was made available in the housing market, we could find some relief. million units.

Construction 78

Construction Law Landlords Development 78

DataMaster

JUNE 16, 2021

And the number continued to slide to a low of 446,600 in 2011. According to Freddie Mac , at the beginning of 2020, the housing supply was short by 2.5 If even a tiny percentage of that supply was made available in the housing market, we could find some relief. million units. Tax breaks can enact change.

Construction 78

Construction Law Landlords Development 78

Housing Wire

OCTOBER 23, 2024

If you take 2007-2011 out of the equation, we have had only one year go negative; that was 1990, and that was only a 1% decline. To get a real price crash, we would need to see a surge of housing inventory and distressed sellers. million for active inventory, the housing market is balanced. million in September.

Mortgage 497

Mortgage Inventory New Listings Sellers 497

Will Springer Realtor

SEPTEMBER 8, 2021

One of the hottest search phrases on Google today is, “When is the housing market going to crash?”. Not “ Will the housing market crash?” We shared in a previous newsletter the many factors driving our buoyant housing market – and there is no end in sight to home appreciation. IOU IN THE FORM OF AN RSU.

Construction 36

Construction Inventory Buyers Real Estate 36