Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Plus, available housing inventory remains near historic lows.” ” 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.

Inventory 531

Inventory New Listings Housing Market Sellers 531

Housing Wire

NOVEMBER 9, 2022

Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. Post-2012, whenever mortgage rates rise, existing home sales always trend below 5 million. The glaring difference between now and 2014 is that total inventory levels are roughly 1 million lower now than the peak of 2014.

New Listings 508

New Listings Inventory Housing Market Sellers 508

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.

New Listings 415

New Listings Inventory Contracts Sellers 415

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. million total housing inventory data as that is the level of inventory that would change my thesis that this is a savagely unhealthy market.

Housing Market 482

Housing Market Marketing Inventory Investors 482

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.

Inventory 397

Inventory New Listings Law Housing Market 397

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.

Sellers 482

Sellers Housing Market Marketing Buyers 482

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. Back then, we had higher sales, higher inventory, and less price growth, but we had a massive credit bubble.

Inventory 540

Inventory Housing Market Mortgage Construction 540

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. Homebuyers are increasingly childless.

Real Estate Agent 345

Real Estate Agent Buyers Sellers Realtors 345

Housing Wire

APRIL 7, 2022

Mortgage credit availability dropped in March, a sign that lenders tightened credit standards amid insufficient inventory of homes for sale and rising mortgage rates. A decline of the index, benchmarked to 100 in March 2012, indicates that lending standards are tightening while an increase suggests loosening credit.

Mortgage 370

Mortgage Government Inventory Lending 370

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. Housing Inventory. Home price s. million in 2023.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

DECEMBER 28, 2023

Coming off of the pandemic banner years, thinning origination volume, low inventory and soaring home prices made business much harder to come by for LOs in 2023. The inventory puts a cap on how much business we can do. The lack of inventory led to rising home prices, creating multiple-offer situations in some parts of the country.

Business 459

Business Mortgage Loan Officers Inventory 459

Housing Wire

DECEMBER 22, 2021

Anyone who has been predicting a housing crash every year from 2012-2019, then went all-in during 2020, only to double down in 2021 and push for a second-half crash in 2021 — you have all lost your privileges to talk about housing ever again. More choices are better for homebuyers and sellers who need to buy a home typically as well.

Inventory 516

Inventory Housing Market Investors Marketing 516

Housing Wire

MAY 24, 2022

I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. My biggest thing is getting total inventory back to 2018-2019 levels, which can range from 1.52-1.93

Housing Market 418

Housing Market Inventory Construction Marketing 418

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. in February from the previous year to $363,00 — the first year-over-year decline since February 2012.

Mortgage 418

Mortgage Sellers Buyers Housing Market 418

Hank Miller Team

MARCH 21, 2022

Rising rates, rising rents, diminishing inventory and corporate investors are in the mix. There are several fundamental positives in this market beyond the inventory crunch; something that many other areas of the country lack. The lack of inventory and sustained demand pushed list and sale prices to historic highs.

Real Estate 98

Real Estate Marketing Sellers Inventory 98

Appraisal Buzz

OCTOBER 3, 2024

The analysis examined data from 2012–2024. Listings Remain at Their Lowest Point in More Than 10 Years In the first eight months of 2024, there were fewer homes listed for sale as well—a level not seen since at least 2012, the first year listing data was available.

HOA 397

HOA Property Taxes Advertising Real Estate Agent 397

Housing Wire

DECEMBER 29, 2021

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. Not the best of news as we start year three of that time period with a solid possibility of new all-time lows in inventory this spring. The housing crash addicts in America have now been wrong for a decade.

Housing Market 534

Housing Market Marketing Construction Mortgage 534

Padove Appraisal Service

DECEMBER 10, 2022

A key statistic is the inventory of homes offered for sale. Months of inventory reflects how many months it would take to sell the current inventory of homes, at the current rate of sales. Below is a graph of monthly inventory for the past year. Sellers have not had to compete to attract buyers.

Marketing 147

Marketing Inventory Buyers Sellers 147

Housing Wire

OCTOBER 15, 2020

That competition helped lift average price execution (winning bid as percentage of seller reserve) for vacant REOs to 104.8% Seeking new inventory sources. If you had asked me about gentrification in Newark in 2012 and 2013, I would have told you I’m not worried about gentrification; we just need to get properties re-occupied.

Buyers 360

Buyers Development Renovations Retail 360

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.

Insurance 326

Insurance Housing Market Mortgage Government 326

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 Mortgage rates are high, home prices are high, there’s no inventory.” The result: generally rising prices amid limited inventory.

Sellers 61

Sellers Buyers New Listings Inventory 61

Lamacchia Realty

JANUARY 25, 2024

This created an extreme scarcity of inventory and contributed to elevated prices, but it also led to a 22% decrease in the number of sales, leaving buyers eager. The resilience can be attributed mostly to the decrease in inventory. A significant drop in inventory has caused prices to continue their ascent.

Inventory 55

Inventory Sellers Buyers Contracts 55

Annarbor Appraisal

APRIL 9, 2020

Price increases both with single-family houses and condominium units started in 2012 in earnest. Buyers, sellers, and the Realtors who work with them are adaptable, and some transactions have continued via virtual showings. This information clearly shows a declining trend from the 2005 data down to a low point between 2009 and 2011.

Property Taxes 78

Property Taxes Buyers Sellers Realtors 78

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. Housing prices have increased.

Clients 65

Clients Sellers Loan Officers Real Estate 65

Will Springer Realtor

MAY 9, 2023

Falling new inventory is constraining transaction volumes while also supporting higher home prices. 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. The inventory may not be there, but the demand sure is.

New Listings 61

New Listings Inventory Buyers Sellers 61

Will Springer Realtor

DECEMBER 8, 2021

Who said this is a sellers’ market? households were formed between 2012 and June 2021 but just 7M new single-family homes were built in that time. This month’s headline: Inventory is at drought levels while median prices were little changed month to month. Monthly inventory stands at 0.4 The post SELLERS’ MARKET?

Sellers 36

Sellers Marketing Supply Chain Construction 36

Will Springer Realtor

MARCH 14, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

Marketing 36

Marketing Buyers Inventory Sellers 36

Eppraisal

APRIL 12, 2022

The current real estate market is like no other in history in there is a lack of inventory of homes being listed for sale. According to an article in Keeping Current Matters, "A balanced real estate market's inventory sits around 6 months. Gen Z members were born between 1997 to 2012.

Home Value 36

Home Value Real Estate Buyers Realtors 36

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. High rates have forced some sellers to lower their asking price to make up for high interest rates on monthly payments. Investor purchases of U.S.

Appraisal 68

Appraisal Real Estate Contracts Design 68

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. There are more inventory choices for consumers, lower mortgage rates than a year ago, and continued job additions to the economy.

Mortgage 497

Mortgage Inventory New Listings Sellers 497

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.

Buyers 545

Buyers Sellers Inventory New Listings 545

Will Springer Realtor

JANUARY 10, 2023

That is the lowest annual figure since 2012 (27,601), according to MLS data. The general softening of prices comes despite tight inventory, even when factoring out canceled and expired listings that typically take place in November and December. months of inventory, down from 2.2 Across King, there were 1.7 months in November.

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

Houston Properties

JANUARY 12, 2022

Why We're Fearful: Buyer & Seller Mistakes. Why We’re Fearful: Buyer & Seller Mistakes. "A The buying frenzy and low inventory we saw last year and will continue to see for better parts of this year may push buyers (specially if driven by bad advice from an unseasoned Realtor) to make bad decisions.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

FEBRUARY 9, 2022

People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. HB 1951 would remove “Don’t Know” from the Seller Disclosure Statement that owners complete with the sale of a home. Inventory remains a big concern. months (6 days) of single-family inventory. There are 0.4

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

MAY 12, 2021

>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. Its data show home prices have far outpaced incomes since 2012. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. existing home sales.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Houston Properties

JULY 21, 2022

"The Houston Properties Team make real estate transactions a lot less complicated for sellers – they take care of everything AND they get the highest prices and the shortest closings. It was completed in 2012 and is now home to the Houston Dynamo. Most of the current inventory is composed of single-family homes and townhomes.

Real Estate Agent 36

Real Estate Agent Real Estate Realtors Agents 36

Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. 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.

Buyers 36

Buyers Development Construction New Listings 36