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.

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Inventory New Listings Housing Market Sellers 531

Housing Wire

NOVEMBER 9, 2022

However, the housing market did run into one problem in 2020. Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. I knew housing would be OK as long as home prices only grew at 23% over five years — 4.6% nominal per year at most. nominal per year at most.

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New Listings Inventory Housing Market Sellers 508

Housing Wire

SEPTEMBER 13, 2022

However, we have entered a tricky period in housing economics where we might have to take this premise more seriously since mortgage rates recently got as low as 2.5% It all started when mortgage rates jumped from 5.25% to 6.25% this year and I saw how home sellers reacted to that move. Can you blame home sellers?

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Mortgage Inventory New Listings Sellers 525

Housing Wire

APRIL 26, 2021

The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year. That’s also 16 days fewer than the same period in 2020.

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Sellers Housing Market Marketing Buyers 482

Housing Wire

NOVEMBER 4, 2024

Newly released data from the annual profile of home buyers and sellers by the National Association of Realtors (NAR) shows just how dramatically this trend has manifested since the financial crisis of 2008. In 2012, 59% of homebuyers had no children under the age of 18. Together, the median age of all homebuyers sits at 56.

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Real Estate Agent Buyers Sellers Realtors 345

Housing Wire

MAY 8, 2024

Since most sellers are buyers, inventory should be stable if demand is stable. So you can see why we have so few stressed sellers. Contrast that to the time from 2008 to 2012 when this data line trended at 250,000 to 400,000 per week. Demographics also play a role here.

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Inventory Law New Listings Sellers 518

Housing Wire

NOVEMBER 18, 2022

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

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Inventory Marketing Housing Market New Listings 493

Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. housing market as savagely unhealthy. Over the last two and a half years of U.S.

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Inventory Housing Market Mortgage Construction 540

Housing Wire

MARCH 22, 2023

What does it mean for buyers, sellers? The good news is that the continued strength of the job market means that both sellers and buyers are still in a favorable financial position heading into the spring housing market, Jones noted. month over month to a seasonally adjusted annual rate of 4.58

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Mortgage Sellers Buyers Housing Market 418

Housing Wire

NOVEMBER 15, 2024

None of that action has been happening for 14 years because the credit market changed after the 2010 qualified mortgage rule. We had multiple refinancing waves in 2012, 2016, 2020 and 2021. We had a lot of stressed sellers back then! Now, most loans are 30-year-fixed mortgages and people’s wages rise almost every year.

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New Listings Sellers Mortgage Law 521

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. Inventory has been falling for years but people ignored the trend because some were always talking about the housing bubble 2.0 crash, especially from 2012-2019.

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Inventory New Listings Law Housing Market 397

Housing Wire

DECEMBER 22, 2021

Knowing that the housing crash addicts on YouTube , Twitter , Facebook , and Clubhouse would incorrectly push the negative year-over-year data spin, I wanted to get ahead of that narrative. Then everyone went crazy on investors and iBuyers , suggesting that these people were holding up the entire housing market.

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Inventory Housing Market Investors Marketing 516

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%.

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Housing Market Inventory Construction Marketing 418

Appraisal Buzz

JANUARY 17, 2022

The housing market boomed in 2021 like few could have expected. Many buyers hope the housing market will cool down in 2022, and while experts don’t think it will be as competitive, this is unlikely to be a dramatic shift — at least not one that turns the market away from being seller-friendly.

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Construction Supply Chain Housing Market Technology 468

Housing Wire

OCTOBER 29, 2024

“My advice for buyers is to focus on finding a house they love and try to negotiate on things they have some control over, like the sale price and home repairs,” Chen Zhao, Redfin’s economist research lead, said in the report. This equated to homes being 9.2% First American also noted the benefits tied to rising levels of home equity.

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Mortgage Buyers Tools Sellers 447

Hank Miller Team

MARCH 21, 2022

It’s hard to find a housing market not presently on fire, Atlanta is no different. Compared to a decade ago and the worst housing crisis ever, this market turn around improvement is among the tops in the country. As 2012 broke, the hangover from the crash remained, but signs were pointing to a recovery.

Real Estate 98

Real Estate Marketing Sellers Inventory 98

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. 2015 81,875 2016 80,293 2017 84,293 2018 98,972 2019 87,278 Now, let me show you what stressed sellers’ data looks like.

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New Listings Inventory Contracts Sellers 415

Housing Wire

AUGUST 18, 2023

The slower housing market and uncertain economic conditions took their toll on the number of real estate brokerages and firms that were named to Inc. This is the first year CityLight Homes, which was founded in 2012 by Robert Berry, has made the list. 186 spot on the Inc. 5000 list, with a 3-year growth rate of 2,870%.

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Real Estate Brokerage Realty Real Estate Agent 370

Housing Wire

APRIL 5, 2021

While the position of the Fund has strengthened in recent years and continues to do so largely as the result of a robust housing market driven by low inventory, low interest rates, and solid home-price appreciation, there are many reasons to proceed cautiously and to continue to prepare for the unexpected. billion draw on the U.S.

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Insurance Housing Market Mortgage Government 326

Padove Appraisal Service

DECEMBER 10, 2022

The low inventory of homes for sale has led to a seller’s market and increasing prices. Sellers have not had to compete to attract buyers. Buyers have had to compete to attract sellers. One of the best ways to get a seller’s attention is to offer a higher price. This indicates a shortage of homes for sale.

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Marketing Inventory Buyers Sellers 147

Appraisal Buzz

OCTOBER 11, 2024

That’s the lowest level in records dating back to 2012, with the exception of May 2020, when the pandemic brought the housing market to a standstill. Pending sales—a more current gauge of housing market activity that includes both existing and newly constructed homes—fell to the lowest level on record aside from April 2020.

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New Listings Buyers Housing Market Real Estate Agent 195

Will Springer Realtor

AUGUST 15, 2023

Sellers, too, are waiting for the easing of rates before looking for their next home, as estimates show 60% of today’s homeowners possess a mortgage with an interest rate of 4% or less. The single-family housing market is sluggish, as many prospective buyers and sellers have chosen to focus on enjoying the many weeks of beautiful weather.

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Sellers Buyers New Listings Inventory 61

Cornerstone

MARCH 12, 2021

The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. A prospective home seller is looking at a great opportunity to sell rapidly and at a lucrative price. In a market this competitive, a seller has an advantage.

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Clients Sellers Loan Officers Real Estate 65

Will Springer Realtor

JANUARY 10, 2023

Each month, this blog will publish a fresh assessment of the King County area housing market. A patch of foul weather and persistent economic challenges chilled an already cold housing market. The Northwest MLS monthly housing report described it best: “December ends with a ‘whimper’.”.

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Housing Market Marketing Inventory Real Estate 36

Will Springer Realtor

DECEMBER 8, 2021

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. What may 2022 offer for our housing market?

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Sellers Marketing Supply Chain Construction 36

Lamacchia Realty

NOVEMBER 3, 2021

To learn more about Laurie, click here: Laurie Howe Bourgeois Lisa Hayford began her real estate career as a residential sales agent in 2012 and has created an impressive business and continues to dominate in the markets she serves. Joselin Malkhasian is a REALTOR® working with both buyers and sellers in the Greater Boston Area.

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Realtors Realty Real Estate Agents 68

Lamacchia Realty

OCTOBER 11, 2023

As an agent, Julia’s goals are to truly guide home buyers and sellers throughout the entire home buying/selling process. Buyers, sellers, investors, and builders are her business and she values every single client and loves getting people where they want to be. Cyndi thrives to make her buyers and sellers her top priority.

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Realtors Realty Real Estate Clients 74

Will Springer Realtor

MAY 9, 2023

Where are all the sellers? A full 82% of sellers and buyers felt “locked in” by their current (low) mortgage rates, according to a survey released by realtor.com. That’s nowhere near the historic drop during the housing crisis when Seattle’s index reading fell 30.1% between May 2007 and January 2012. average one year ago.

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New Listings Inventory Buyers Sellers 61

Lamacchia Realty

MAY 5, 2022

Buyers, sellers, investors, and builders are her business and she values every single client and loves getting people where they want to be. Lisa Hayford began her real estate career as a residential sales agent in 2012 and has created an impressive business and continues to dominate in the markets she serves.

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Realtors Realty Real Estate Clients 67

Appraisal Today

DECEMBER 8, 2023

In Sacramento, Invitation Homes went on a rampage in 2012 and 2013, and purchased more steadily in subsequent years. to 305,219—the lowest third-quarter level since 2012. For the national market and some regions, Click Here My comments: What’s happened in the past or now, in your market? Investor purchases of U.S.

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Appraisal Real Estate Contracts Design 68

Will Springer Realtor

MARCH 14, 2023

The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

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Marketing Buyers Inventory Sellers 36

Housing Wire

MARCH 18, 2021

Home prices have skyrocketed in the past year, and data from Redfin backs up what buyers, sellers, and agents have known for months. “This is the strongest seller’s market since at least 2006,” Fairweather said. The national average of home prices rose 14.4% by the end of 2021.

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Buyers Sellers Inventory New Listings 545

Housing Wire

OCTOBER 23, 2024

This is not a new idea — I’ve been dealing with people predicting a housing crash since 2012. 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.

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Mortgage Inventory New Listings Sellers 497

Will Springer Realtor

AUGUST 11, 2023

We need to take an approach to the housing crisis that embraces change, is inclusive and extremely productive. BY THE NUMBERS >> The West has suffered the greatest from the housing-market downturn over the past year, according to ATTOM Data Soluti ons, which indicated 23 of the 50 worse-off U.S. The existing 6-bed, 2.5-bath

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Buyers Development Construction New Listings 36

Houston Properties

JANUARY 12, 2022

Houston Real Estate Market Forecast: Current Data & 2022 Predictions. Concerned about a housing market crash? Why We're Fearful: Buyer & Seller Mistakes. Why We’re Fearful: Buyer & Seller Mistakes. "A Geo Market Area: Westchase. Original Sale: 2012. Days on Market: 8.

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Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

FEBRUARY 9, 2022

Among other bills in the works, as of this writing: House Bill 1908 relates to the conversion of surplus public property to affordable housing. HB 1951 would remove “Don’t Know” from the Seller Disclosure Statement that owners complete with the sale of a home. For our housing market, it’s time to have that talk.

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Buyers Law Inventory Development 36

Will Springer Realtor

MAY 12, 2021

Warns Danielle Hale, chief economist with realtor.com: “While younger Millennial and Gen Z buyers are expected to play a growing role in the housing market, fast-rising prices will create a bigger barrier to entry for the many first-time buyers in these generations who don’t have existing home equity to tap for down payment savings.”.

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Real Estate Inventory Buyers Construction 36