Housing Wire

MAY 19, 2022

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. Inventory is always seasonal. Today inventory levels are at 1.02

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Housing Market Marketing Inventory Realtors 528

Housing Wire

DECEMBER 7, 2022

Now, with five weeks of data in front of us, we can say they have stabilized the market. 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 Mortgage rates went from a low of 2.5%

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Housing Market Mortgage Marketing Inventory 544

Housing Wire

JUNE 28, 2022

growth for its top 20 city composite, and now you know why my most significant concern for housing was home prices overheating , not crashing like people have warned about from 2012-2021. This data line lags the current housing market as it’s a few months old. The S&P CoreLogic Case-Shiller Home Price Index just recorded 20.4%

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Housing Wire

MAY 18, 2023

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. If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022.

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Housing Market Marketing Inventory Mortgage 539

Housing Wire

JANUARY 5, 2023

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? Home price s.

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Housing Market Marketing Inventory New Listings 543

Housing Wire

JUNE 9, 2023

The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. On June 16, 2022, I put the housing market into a recession , which is where housing demand, housing jobs, housing income and housing production all drop. Purchase application data The housing market began to change starting Nov.

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Inventory Housing Market New Listings Mortgage 546

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. In time, markets always find balance and balance is a good thing. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. April 2022: Inventory has not recovered. Can this last?

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Housing Wire

JUNE 8, 2022

I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. . Total inventory grew this year, and sales were negative.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

OCTOBER 12, 2020

Despite what they promised, we sit here today with the United States housing market outperforming all other economic sectors in the world during the pandemic. In order for the housing market to crash due to too many loans going into default when forbearance programs end, the number of loans in these programs needs to grow.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

APRIL 23, 2021

soared 18% year-over-year in March 2021 to a median of $356,000, according to a report Redfin released Friday that provided stark evidence of a housing market where demand greatly exceeds supply. Homes sold in March were on the market for 21 days, per the report, the shortest period between listing and sale since 2012.

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Inventory Housing Market Realtors Marketing 468

Housing Wire

DECEMBER 4, 2023

Prospective homebuyers are slowly growing less sensitive to home prices and high-interest rates, and fewer of them are willing to wait for a better market to buy a home. It deepened an already existing inventory shortage and worsened affordability woes. First-time homebuyers were particularly harmed by this trend.

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Housing Market Marketing Transportation Mortgage 482

Housing Wire

JUNE 6, 2024

The index was initially benchmarked to 100 in 2012. But this is also impacted by the state of the market, as lenders react to challenges related to high interest rates and limited inventory that have impacted borrower engagement. The Mortgage Credit Availability Index (MCAI) rose by 0.1%

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Housing Wire

MAY 18, 2024

Weekly housing inventory data For the third consecutive week, we haven’t quite reached my weekly target of inventory growth between 11,000 and 17,000 homes. However, we came close to our target with inventory growth of 9,726 and there’s a silver lining: mortgage rates have recently fallen.

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Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun.

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Inventory New Listings Housing Market Sellers 531

Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter.

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Mortgage Inventory New Listings Sellers 525

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. Housing inventory issue with no booming demand. crash, especially from 2012-2019. million listings.

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Inventory New Listings Law Housing Market 397

Housing Wire

DECEMBER 29, 2021

A bullish housing market. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. After failing from 2012-2019, they went all in during 2020 due to COVID-19, only to move the goalpost to 2021 due to forbearance. What a year 2021 has been. However, not only did the U.S.

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Housing Wire

NOVEMBER 9, 2022

But I need to explain why this level has more in common with 2014 housing data than the credit stress markets of 2005-2008, and why you should care. Understanding this data line and what it is trying to tell you will be more valuable than erroneously thinking the market is crashing and we’ll see a wave of foreclosures.

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New Listings Inventory Housing Market Sellers 508

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

JUNE 2, 2023

More than 4,000 homes are involved in the transaction, which are primarily located in high-demand markets in the Southeast and Southwest, the Wall Street Journal reported. The deal comes at a time when a lack of for-sale home inventory is boosting the appetite for homebuilders. The homes, planned as rentals, have already been leased.

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Housing Wire

JUNE 22, 2021

The low amount of existing homes left on the market continued to experience overheated prices from consistent competition. For the NAR, this is a record high and marks 111 straight months of year-over-year gains since March 2012. The market’s outlook, however, is encouraging. Total housing inventory at the end of May grew to 1.23

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Inventory Buyers Realtors Housing Market 448

Housing Wire

FEBRUARY 7, 2024

After closing out 2023 with its first annual membership decline since 2012, the National Association of Realtors is still struggling with its membership count. However, the 85,049 agents lost between October 2022 and January of 2024, is still well below the 400,000-agent drop recorded between 2008 and 2012. This is down 2.1%

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Realtors Agents Brokerage Inventory 448

Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., In total, 39 of the 50 largest markets saw home prices increase on an adjusted basis in February. In February, it took 33.2%

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Inventory New Listings Housing Market Mortgage 418

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Most housing market forecasters believe that the existing home-sales market will likely only improve slightly next year.

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Construction Supply Chain Inventory Housing Market 476

Housing Wire

NOVEMBER 18, 2020

The homeownership rate in Texas rose to an all-time high of 70% in the third quarter, exceeding the national metric for the first time since 2012, according to a report from the Texas A&M Real Estate Center. Housing inventory in Texas has dropped to 2.2 In fact, inventory for homes priced less than $300,000 sits at 1.6

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Inventory Real Estate Construction Development 435

Housing Wire

AUGUST 15, 2023

Rather than fear the storm, Keller Williams agents embody resilience and adaptability to conquer any market challenge. Keller kicked off the first day of the two-day gathering by offering his take on the housing market and economic conditions. Our goal is for you to always be the economist of choice in your local market,” Keller said.

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Agents Marketing Real Estate Housing Market 370

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. 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.

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New Listings Inventory Contracts Sellers 415

Housing Wire

MARCH 31, 2022

The Dallas Fed on Thursday published an article titled: Real-Time Market Monitoring Finds Signs Of a Brewing U.S. That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble. Housing Bubble. I disagree with this conclusion. Let me explain.

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Housing Market Inventory Lending Marketing 532

Housing Wire

APRIL 21, 2022

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Fewer Foreclosure Purchases.

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Investors Renovations Marketing Retail 418

Housing Wire

MAY 6, 2022

HousingWire recently spoke with John Keratsis, President and CEO of Deephaven Mortgage, about the potential benefits of non-QM lending in today’s tight housing market. HousingWire: In today’s tight market, margin compression is impacting countless mortgage companies. You also have a mortgage market shrinking from $4.1

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Marketing Lending Loan Officers Training 370

Housing Wire

DECEMBER 22, 2021

Then everyone went crazy on investors and iBuyers , suggesting that these people were holding up the entire housing market. I understand that grifters have to keep the grift going, but not even the Joker would say that the housing market lives off investors and not mortgage buyers. Home prices and days on market.

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Inventory Housing Market Investors Marketing 516

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. But the current prices aren’t deterring homebuyers.

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Sellers Housing Market Marketing Buyers 482

Housing Wire

AUGUST 9, 2022

A decline of the index, benchmarked to 100 in March 2012, indicates lending standards are tightening while an increase suggests loosening credit. Kan had projected that lower rates combined with signs of more inventory coming to the market could lead to a rebound in purchase activity. The MCAI fell to 108.8

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Housing Wire

JANUARY 16, 2024

This has put a strain on the inventory of three-bedroom-plus homes, making it harder for a millennial to buy one. There’s unlikely to be a flood of large homes hitting the market anytime soon,” Sheharyar Bokhari, a senior economist at Redfin, said in a statement. This gives baby boomers very little incentive to sell.

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Inventory Home Value Mortgage Buyers 493

Housing Wire

NOVEMBER 4, 2021

Now the need for new housing supply is acute : 12 million households have formed since 2012, yet only 10 million units were built during that time, per an analysis of Bureau of Labor statistics by the National Association for Home Builders. Top markets for affordable renovated housing inventory.

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Construction Renovations Training Development 529

Housing Wire

DECEMBER 10, 2021

Mortgage credit availability dropped in November, despite improvements in the labor market, according to a report released Friday by the Mortgage Bankers Association (MBA). The index benchmarks to 100 in March 2012; a higher number portends more mortgage credit availability. in November.

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Mortgage Government Inventory Investing 435

Housing Wire

NOVEMBER 4, 2024

housing market is split into two groups: first-time buyers struggling to enter the market and current homeowners buying with cash,” Jessica Lautz , NAR’s deputy chief economist and vice president of research, said in a statement accompanying the report. In 2012, 59% of homebuyers had no children under the age of 18.

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Real Estate Agent Buyers Sellers Realtors 345