Remove 2012 Remove Housing Market Remove Marketing
article thumbnail

Surging for-sale inventory turns Florida into a buyer’s market

Housing Wire

Florida was one of the hottest destinations during the pandemic, but the states housing market might be coming down to earth. At 172,209 homes, its the highest reading of any month dating to when Redfin started keeping records in 2012. Eight of Floridas metropolitan markets have record-high active listings.

Inventory 387
article thumbnail

This savagely unhealthy housing market needs higher rates

Housing Wire

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. We are not taking the unhealthy housing market theme off this marketplace.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The housing market is now savagely unhealthy

Housing Wire

To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 million ; this is still historically low, but this gives the housing market a breather from the madness that we see today. Housing is the cost of shelter to own the debt; it’s not an investment.

article thumbnail

The housing market is hot, but not in a bubble

Housing Wire

Days on market fell from 36 days to 21 days on a year-over-year basis. The housing market is hot. You may be told that future moderation indicates “cracks in the housing market, but don’t buy into it. Second, housing tenure is currently at 10 years, double what it was from 1985 to 2007. year over year.

article thumbnail

Is the savagely unhealthy housing market back?

Housing Wire

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. Instead, active listings are near all-time lows, which wasn’t the case from 2012-2019.

article thumbnail

Logan Mohtashami’s 2023 housing market forecast

Housing Wire

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. So where does all that drama leave us for 2023? Mortgage rates.

article thumbnail

Home prices rose in 49 states in Q3, FHFA reports

Housing Wire

. “While house prices continued to increase because housing demand outpaced the locked-in housing supply, elevated house prices and mortgage rates likely contributed to the slowdown in price growth.” housing market has experienced positive annual appreciation each quarter since the start of 2012.