Housing Wire

NOVEMBER 24, 2020

census divisions rose 7% in September from a year ago, the greatest year-over-year gain since 2014, and nearly 23% higher than its last peak in 2006. uptick reported in August, and represented the largest annual gain since May 2014 as record-low mortgage rates and a lack of inventory continued to put upward pressure on home prices. “Our

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Housing Wire

JANUARY 26, 2021

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., November’s numbers mark the greatest annual growth rate since February 2014 and even blew past the 8.4% as prices in November rose 9.5% nationally over the same time last year, according to the S&P CoreLogic Case-Shiller index.

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Housing Wire

MARCH 9, 2021

last month, still hovering near levels previously seen in 2014. “Expected home sales growth this year is still likely to be driven by first-time buyers, spurred by millennials reaching peak first-time homebuyer age,” Kan said. The group’s Mortgage Credit Availability Index remained unchanged at 124.6

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Housing Wire

NOVEMBER 30, 2024

Dwiggins: Since we started the company back in 2014, we were always looking to try and be a little bit different from the rest of the industry, in the sense of it wasn’t about having tons of agents. There’s been multiple studies showing that compensation is starting to decrease — especially on the buyer’s agent side.

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Housing Wire

NOVEMBER 10, 2023

It’s the highest share of all-cash transactions recorded since 2014. Meanwhile, buyers offer bigger down payments to lessen the cost of monthly payments In September, buyers were typically putting down 16.1% In those cities, the typical buyer put down 25% of the purchase price. home purchases, compared to 29.5%

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Housing Wire

DECEMBER 29, 2020

Craig Lazzara, managing director and global head of Index Investment Strategy at S&P Dow Jones Indices, said that it’s likely COVID-19 has pushed buyers to move from urban apartments to suburban homes. growth rate was more than six and a half years ago, in March 2014.”.

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Housing Wire

AUGUST 17, 2020

All HMI indices experienced gains in August, including current sales conditions, sales expectations and traffic of prospective buyers. However, buyers looking to relocate may be surprised as recent data from Redfin reported urban dwellers leaving the city are raising home prices in rural areas.

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Housing Wire

APRIL 20, 2022

In 2013-2014, rates rose, and you see the lower trend in sales back then. 2022 is looking to be the first actual negative year-over-year purchase application year since 2014. We are between what we saw in 2018 — with a mild response to higher rates — and 2014, where the reaction was much more severe.

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Housing Wire

MAY 24, 2024

Dave Mele, president of Homes.com since 2014, has left CoStar Group to pursue “an opportunity outside of the real estate industry,” he confirmed to Real Estate News on Friday. Prior to CoStar’s acquisition, Homes.com sold buyer leads to agents but ceased this practice after the deal.

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Housing Wire

NOVEMBER 30, 2020

The faster price growth is leading to affordability challenges for certain segments of buyers, and particularly for first-time homebuyers,” Kan said. “Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices.

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Housing Wire

APRIL 15, 2022

Inventory falling again in 2022 created more forced bidding wars, which frustrates buyers, keeps potential sellers from wanting to list, and creates stress for real estate agents doing a lot of work with nothing to show for it. The last time this data line was fragile was back in 2013-2014. The four-week average is running at 9.25%.

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Housing Wire

APRIL 14, 2023

Since October of 2022, the share of buyers who are purchasing their home without a mortgage has been more than one quarter of the market. The share is collected monthly in the Realtors Confidence Index and includes buyers who purchased primary homes, vacation homes and investors. One such measure is who is entering the market.

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Housing Wire

NOVEMBER 13, 2023

“In a still-competitive housing market, more well-off home buyers were able to have their bids accepted by offering larger down payments and even by paying cash.” It was the highest share of all-cash transactions recorded since 2014. The share of first-time buyers rose to 32%, up from last year’s low of 26%.

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Housing Wire

JULY 20, 2022

This is common in recent history, which has happened before in 2013/2014 and 2018/2019. We are already below 2008 levels today — not that far off the 21st century low of 2014. However, we can see a clear demand-weakness trend in 2014 and 2022. Today, home buyers already have more choices than what they had last year.

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Inventory Housing Market Marketing Realtors 518

Housing Wire

JANUARY 30, 2024

That year, they accounted for 39% of all buyers, according to the National Association of Realtors , pushing millennials out of the top spot for the first time since 2014. Even as many boomers remain in the long-term renter pool, they were also the nation’s largest demographic of homebuyers in 2022.

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Housing Wire

JUNE 8, 2022

2014: What they said: Housing would crash because purchase application data was down 20% year over year; adjusting to the population, it was the lowest ever. Ages 28-34 are the biggest age group ever and when you add them with move-up, move-down, cash, and investor buyers together, you have solid replacement demand.

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Inventory Housing Market Marketing Mortgage 545

Housing Wire

SEPTEMBER 12, 2023

Larson started her career in real estate as an agent at a large national franchise in 2014. RE/MAX The Collective will serve buyers and sellers throughout Yakima, Ellensburg and Cle Elum and it will specialize in rural and residential properties as well as large agricultural farms.

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Housing Wire

JANUARY 8, 2023

The Federal Reserve ‘s signals indicating further rate hikes for 2023 appear to have scared buyers away from the market in December. Last month tallied the fewest purchase lock counts in a single month since early 2014 as interest rates and affordability pressures challenged the market. . Mortgage origination activity dropped 19.4%

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Housing Wire

APRIL 1, 2024

NAR reported 33% all cash buyers, which is the most since 2014 when buyers were still cleaning up distressed properties. Or in this case, the price of those that get offers — indicating where the buyer demand is? In most markets now, buyers feel like they have less urgency and sellers react to that fact.

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Inventory New Listings Contracts Sellers 488

Housing Wire

JUNE 10, 2021

However, May’s credit availability inched to its highest level since the early days of the pandemic, but remained at 2014 levels. Compared to last year, fewer people are applying for purchase mortgages – a likely result of home prices continuing to rise and prospective buyers avoiding astronomical bidding wars.

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Housing Wire

MAY 7, 2021

But Klir was mostly invisible to buyers’ agents. Formed in San Francisco in 2014, Opendoor stands at the vanguard of businesses that cast their lot with the instant purchase, and then resale of homes. Of those sales, Klir was the listing agent for 1,213 of the 1,613 deals, according to FMLS data.

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Housing Wire

APRIL 21, 2022

It’s a different story in the non-distressed retail market, where the large institutional buyers are crowding out both owner-occupant buyers and local real estate investors, according to Kerr, who is president of locally based Mid South Home Buyers. Bulk Buyer Bonanza. The bulk buyer purchases accounted for 8.4%

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Housing Wire

DECEMBER 29, 2020

million she paid for it back in 2014. If you’re curious about the identity of the lucky buyer of Kardashian’s estate, cosmetics entrepreneur turned Youtube guru Dhar Mann is the chosen one, according to Variety. million— more than $1 million over the highest price ever paid for a home in the city. Even more impressive?

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Appraisal Buzz

AUGUST 8, 2024

trillion in June 2014. Mortgage rates have started falling, but many potential sellers and buyers are waiting to make a move, meaning we are likely to continue seeing a pattern where prices slowly tick up,” said Zhao. In a decade, the value of U.S. homes has more than doubled, rising nearly 120% from $22.7 and 5.9%, respectively.

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Valuation Housing Market Marketing Home Value 417

Housing Wire

OCTOBER 1, 2022

Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies. All cash buyers now stand at 24%. Historically 2.5

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Realtors Housing Market Marketing Buyers 418

Housing Wire

MARCH 18, 2022

Inventory has been slowly falling since 2014, so if demand picks up in 2020-2024, it can collapse to shallow levels. As you can see from this NAR report, cash buyers as a percent of sales is slightly lower now than levels in 2016. We have solid replacement buyers: people needing shelter.

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Housing Market Marketing Inventory Sellers 542

Housing Wire

MAY 2, 2022

The spread between 30-year and ARM offerings is the widest it’s been since 2014 and within 20 basis points of an all-time high. . Potential borrowers who’ve been priced out of the housing market need to be able to compete with an increasingly growing share of cash buyers and investors who are beating them in bidding wars.

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Housing Wire

DECEMBER 16, 2020

In December, all HMI indices, including current sales conditions, sales expectations and traffic of prospective buyers, also fell four points from their previous highest recorded readings in November. Though the index fell from it’s 35-year series high, it is still the fourth month in its history the score broke 80.

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Housing Wire

SEPTEMBER 13, 2022

Traditionally speaking, post-2012, inventory growth came in years where demand was weaker from mortgage buyers: 2014 and 2022. Adjusting to population, 2014 was the lowest level in the index ever, and in 2022 we have seen a noticeable hit in this index, taking it below 2008 levels. The healthy parts of the U.S.

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Mortgage Inventory New Listings Sellers 525

Housing Wire

OCTOBER 26, 2023

He testified that, in most cases, homebuyers would be unable to include buyer agent commission costs into their financing. “My concern is buyers who are cash-constrained,” Stevens said. ” But buyers are not the only ones who benefit from the current system, according to Stevens. The D.A.N.G.E.R.

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Buyers Sellers Agents Law 448

Housing Wire

JUNE 28, 2022

Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. Think replacement buyers, the biggest youngest demographic patch in history, move-up, move-down, cash and investor buyers together — this is driving great replacement buyer demand during this period.

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Housing Market Marketing Inventory Investors 482

Housing Wire

DECEMBER 16, 2021

On Tuesday, according to multiple sources within the New York-headquartered mortgage lender and “power buyer,” a weekly video meeting of Knock loan officers took a turn when Robert Foos, Knock’s director of sales, told loan officers that they would receive a 33% reduction in salaries effective Jan.

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Miller Samuel

MARCH 19, 2019

The Fiscal Policy Institute proposed the tax in 2014 , and it has been floating around Albany ever since. FPI's apparent belief that most of the high-end development sold ended up as empty pied-a-terres while wealthy buyers bid up the prices is incorrect. That article came out in 2014 right as the housing market was peaking.

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Real Estate Law Development Investors 370

Housing Wire

MARCH 28, 2022

For instance, Opendoor was founded in 2014 to make buying a home more efficient – or as they say “reinvent life’s most important transaction.” Similarly, companies like Zillow and Trulia launched in 2005 and 2006 as “real estate search engines” to help buyers more easily find a home online.

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Real Estate Marketing Insurance Technology 397

Housing Wire

MARCH 14, 2023

Since 2014, when homeownership rates among Latinos began increasing following the Great Recession, 2.3 of non-Hispanic White buyers, according to data from the Home Mortgage Disclosure Act (HMDA). NAHREP conducted its annual Latino Buyers Survey from January 1 to February 13, 2023, to gauge Latino home buying trends across the country.

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Real Estate Mortgage Buyers Construction 418

Housing Wire

DECEMBER 11, 2023

The firm currently serves buyers and sellers in Essex County, the Merrimack River Valley and Southern New Hampshire. In 2014, Bentley started his team at RE/MAX with Christie and four other agents, by 2016 the team had expanded to 10 agents and in 2018 they transitioned from a team to an independent brokerage, Bentley’s Real Estate.

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Housing Wire

JUNE 15, 2022

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. 2022 purchase application data will be the first year where this index has declined since 2014. Some historical context with previous rate increase moves in this data line.

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Inventory Investors Retail Housing Market 370