Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At We are still going to suffer from lack of inventory.”

Housing Market 468

Housing Market Buyers Agents Marketing 468

Appraisal Buzz

JULY 18, 2024

54,300 properties were purchased by foreign buyers, representing the lowest amount of homes purchased since 2009, the year NAR started collecting this data, and a 36% decrease from the prior year. home sales from foreign buyers.” Foreign buyers of existing residences in the U.S. Foreign buyers of existing residences in the U.S.

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Buyers Real Estate Realtors Development 395

Housing Wire

JUNE 21, 2022

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. Inventory skyrocketing back toward historical norms of 2 million to 2.5 Unsold inventory sits at a 2.6-month

Housing Market 540

Housing Market Marketing Inventory Mortgage 540

Housing Wire

JUNE 22, 2024

Weekly housing inventory data Inventory hit another one of my target levels this week, making it four times this year! My rule of thumb has been that inventory should have some weekly positive prints between 11,000 and 17,000 as long as rates are above 7.25%. Last week we saw positive inventory growth of 13,593 !

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Mortgage Inventory New Listings Contracts 482

Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

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Inventory Housing Market Marketing Realtors 518

Housing Wire

JUNE 8, 2022

2012: What they said: Shadow inventory will cause prices to fall. The reality: Inventory broke down in 2012, and the monthly supply data got below 6.0 The “shadow inventory” was not an issue as it took years to get rid of the distressed supply from the housing bubble years. million of inventory is normal.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

DECEMBER 7, 2020

For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month In 2013/2014, when the economic data was improving, mortgage rates rose.

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Inventory Construction Government Housing Market 545

Housing Wire

MARCH 23, 2022

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. It’s also driven more by mortgage buyers who tend to be older and make more money than the new-home buyers. First, total home sales should be 6.2

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Mortgage Inventory Housing Market Construction 505

Housing Wire

NOVEMBER 16, 2023

Mortgage demand for new homes jumped in October as the inventory for existing homes remained depleted. Home builders have been able to temper this high-rate environment by offering buyers rate buydowns and other incentives,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement.

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Mortgage Construction Inventory Buyers 482

Housing Wire

APRIL 15, 2022

The home-price growth from 2020 through 2022 has been so unhealthy that I’ve labeled this a savagely unhealthy housing market as inventory has once again collapsed on a year-over-year basis in 2022. Inventory is still showing negative year-over-year data. The last time this data line was fragile was back in 2013-2014.

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Housing Market Marketing Mortgage Inventory 511

Housing Wire

OCTOBER 15, 2020

The good news is that there is plenty of demand for vacant properties, from both nonprofit and for-profit buyers. 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.

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Buyers Development Renovations Retail 360

Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. In 2013-2014, rates rose, and you see the lower trend in sales back then. 2014 was the last year total inventory grew. million and 6.16

Housing Market 505

Housing Market Marketing Inventory Mortgage 505

Housing Wire

DECEMBER 7, 2022

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 million Historically inventory levels range between 2 million and 2.5 Rate above 7% made things even worse.

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Housing Market Mortgage Marketing Inventory 544

Housing Wire

MARCH 23, 2021

to a seasonally adjusted annual rate of 775,000 in February — the sharpest month-over-month decline since 2013, according to estimates by the U.S. While some economists pointed to harsh weather as a likely deterrent of February home sales, others noted the plague of rising home prices, limited inventory and the uptick in mortgage rates.

Construction 532

Construction Buyers Development Contracts 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. Bulk Buyer Bonanza.

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Investors Renovations Marketing Retail 418

Housing Wire

JULY 30, 2021

In 2020, the S&P CoreLogic Case-Shiller price index reported the highest annual housing growth since 2013. Due to low inventory, sellers are able to put their homes up at a higher rate. And with today’s low interest rates, buyers have been rushing to purchase what’s available. The same can be said about upgrades.

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Renovations Buyers Sellers Investing 505

Housing Wire

FEBRUARY 23, 2021

Rates have slowly climbed back towards 3% in the past few months, but inventory is still low , keeping prices high. Finally, lumber and other building materials are still scarce, forcing construction companies to delay projects and prevent an inventory build-up. December 2020’s 10.4%

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Inventory Finance Contracts Construction 468

Housing Wire

NOVEMBER 9, 2022

Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. We saw this happen in 2013-2014 and 2018-2019. The glaring difference between now and 2014 is that total inventory levels are roughly 1 million lower now than the peak of 2014. nominal per year at most.

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New Listings Inventory Housing Market Sellers 508

Housing Wire

AUGUST 1, 2023

Foreign buyers purchased $53.3 Foreign buyers closed on 84,600 properties, down 14.2% It was the lowest number of homes bought since 2009, when NAR began tracking this data. “Sharply lower housing inventory in the U.S. The increase in prices for foreign buyers reflects the increase in U.S. existing homes last year.

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Buyers Realtors Real Estate Inventory 370

Housing Wire

JANUARY 22, 2025

According to Redfin , the year-over-year increase in December was the smallest annualized increase since 2015 and the second smallest since 2013. “Prices will keep going up consistently because its unlikely there will be enough new inventory to meet buyer demand, Bokhari said in the report. from Q4 2023 to Q4 2024.

Contracts 397

Contracts Buyers Brokerage Inventory 397

Housing Wire

MAY 29, 2024

Details of the latest membership count comes as the trade group works to implement a series of major rule changes stipulated by the Sitzer/Burnett commission lawsuit settlement agreement, as well as fewer market opportunities for members due to historically low levels of existing-home sales inventory. Membership dipped just below 1.5

Realtors 445

Realtors Agents Inventory Modernization 445

Housing Wire

AUGUST 3, 2022

People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% We saw this in 2013-2014 and 2018-2019. They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. Traditionally, total inventory ranges between 2 to 2.5 NAR total inventory data.

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Mortgage Inventory Sellers Housing Market 514

Housing Wire

MAY 12, 2021

Even with historically low levels of inventory, rising mortgage rates and uneven job growth, experts still believe 2021 will be a record year for home sales. trillion in home sales this year, a 17% increase year over year — the largest annual percentage increase since 2013, and a number that, if reached, would be a record high.

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Housing Market Inventory Mortgage Market Value 448

Housing Wire

OCTOBER 23, 2020

In the third quarter, luxury home sales jumped 41.5% , the biggest year-over-year shift since 2013, according to Redfin. While the Palm Beach housing market has not seen a lot of bidding wars, Koch said that a lot of the inventory has been absorbed and properties are getting multiple offers. 1, and runs through May 1.

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Housing Market Marketing Real Estate Agent Real Estate 537

Housing Wire

JUNE 15, 2022

Mohtashami focused on the latest inventory and the Federal Reserve’s rate hike announcement. In 2013-2014, when rates jumped very fast, this index trended down by negative 20% year over year to hit an adjusted population all-time low in 2014. On a sour note, we still need more inventory to return to normal. Once we hit 1.52-1.93

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Inventory Investors Retail Housing Market 370

Housing Wire

MAY 9, 2022

housing market is more tied to mortgage buyers. Unlike those two cities in Canada, we aren’t as reliant on foreign buyers to such a great extent. foreign buyers have always been less than 300,000 of total home sales for many years. We saw this in 2013-2014 and 2018-2019. In addition, the U.S. Here in the U.S.,

Housing Market 532

Housing Market Buyers Mortgage Marketing 532

Housing Wire

JANUARY 9, 2025

The likelihood of the listing agent selling a pocket listing to a direct buyer without their own agent increases greatly with pocket listings. A reason to call your buyer leads. An off-market listing is a great excuse to call all those buyer leads in your database. We will give you ideas of how to do this in a later section.

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Sellers Real Estate Agents Real Estate Agent 397

Housing Wire

APRIL 22, 2024

There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer! Many of us are in sellers’ markets with very low inventory. If you don’t have active buyers, ask around the office.

Real Estate 467

Real Estate Open Houses Brokerage Real Estate Agent 467

Cleveland Appraisal Blog

JANUARY 5, 2023

While we still have a significant shortage of housing inventory in Cuyahoga County, we had more active listings last month than we had in December 2020 and 2021. Interestingly, the number of active listings has dropped every year since at least 2013. Something else to watch is housing inventory.

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Housing Market Marketing Appraisal Inventory 374

Housing Wire

AUGUST 23, 2022

The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4 The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4 months and above.

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Construction Housing Market Sellers Real Estate 370

Housing Wire

OCTOBER 21, 2022

year-over-year decline in existing home sales in September and total inventory has now fallen on back-to-back reports. Earlier in the year, I labeled this a savagely unhealthy housing market based on the premise that Inventory would break to all-time lows, creating forced bidding and causing days on the market to collapse.

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Housing Market Inventory New Listings Mortgage 305

Housing Wire

APRIL 18, 2023

When we get a borrower that comes in online, we do our good work to get them qualified to buy a home – these are mostly early stage buyers. We set up a program called LBC – which is local buyer connect, where an in-market agent can choose to join the purchase call center for a percentage of their business.

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Retail Business Agents Loan Officers 370

Appraisal Buzz

JUNE 13, 2024

Verisk’s Index has risen by 65.88% since its inception in January 2013, and the Mountain Region continued to have the highest overall cost increases over the period covered by the Index, rising 70.92 points since Q1 of 2014. Will the numbers rise?

Renovations 221

Renovations Inventory Marketing Housing Market 221

Empire Appraisal Group

JUNE 6, 2024

Study: All-Cash Buyers Pay 10% Less A new study shows sellers would rather leave money on the table and accept an all-cash sale than risk losing the sale completely because the mortgage falls through. We find sellers are willing to leave money on the table to avoid the risk.” In policy terms, U.S.

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Buyers Sellers Real Estate Finance 78

Appraisal Buzz

AUGUST 19, 2024

Since 2013, he has served Carrington Mortgage Services as a corporate representative in foreclosure and corporate lawsuits. Blomquist’s reports and analysis have been cited by thousands of media outlets, including major news networks and leading publications such as The Wall Street Journal, New York Times , and USA TODAY.

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Real Estate Legal Development Investors 221

Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9% decrease to a 15.3%

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Inventory Sellers Buyers Contracts 73

Lamacchia Realty

MARCH 24, 2022

Shorter time frames aside, the 1.56% over 3 months is a bigger move than any 3 month window in 2013, and 1.94% over 7.5 What does this mean for buyers? The impact may eventually diminish rising list prices as sellers become aware of buyers’ predicament with current rates. Buyer Resources. Mortgage News Daily. Read More ».

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Mortgage Sellers Buyers Realty 69