Housing Wire

MARCH 26, 2023

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In a regular market, they would be closer to 5.25%.

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Housing Wire

MARCH 18, 2022

Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month NAR Research : Unsold inventory sits at a 1.7-month However, negative year-over-year inventory is not what we want to see.

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Housing Market Marketing Inventory Sellers 542

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

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Inventory Renovations Supply Chain Buyers 435

Housing Wire

OCTOBER 13, 2021

I have been getting buyers from Ohio, California and all over.”. The city’s one-hour commute to Boston has long made it appealing to out-of-state buyers looking to save some money. For local buyers, many of whom are first-time homebuyers, this has resulted in serious competition. Two months ago, we only had 25 houses.

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Housing Wire

MARCH 5, 2025

Real estate investors bought fewer homes in the fourth quarter of 2024, with purchases falling to the lowest level for any fourth quarter since 2016, according to a new report from Redfin. High home prices : Investors are facing the same affordability challenges as other buyers. decline from Q4 2023, the steepest drop in a year.

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Investors Real Estate Investing Housing Market 354

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

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Housing Market Marketing Inventory Mortgage 540

Housing Wire

MAY 7, 2021

Over five years — from 2016 to May 2021 — the NAHB also found that regulatory costs in an average home built for sale went from $84,671 to $93,879, or a 10.9% thus, increasing inventory and driving overall prices down. Presented by: Rocket Pro TPO.

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Housing Wire

FEBRUARY 27, 2023

The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year. Weekly inventory change (Feb. Weekly inventory change (Feb.

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Housing Market Marketing Inventory New Listings 476

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.

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Appraisal Buzz

JULY 1, 2024

High interest rates and housing prices have priced millions of potential buyers out of the housing market, while the number of renters with cost burdens is at an all-time high, according to a new study released by Harvard University’s Joint Center for Housing Studies. last year to 65.9%, the smallest growth reported since 2016.

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Housing Wire

JUNE 24, 2021

Similar to iBuying firm Opendoor , startup Ribbon and a host of other new companies, Accept.inc provides cash to buyers so they can submit a competitive offer, or buy a new property prior to selling their existing home. The home is then sold back to the buyer at the same price that it was purchased for.

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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. The last time we had a stressed seller market was when national home prices crashed in 2008-2011 and even with more inventory , we’re nowhere close to those levels.

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New Listings Inventory Contracts Sellers 415

Housing Wire

MAY 20, 2022

This rapid increase in prices, coupled with local housing inventory dropping over 50% in 2021, has meant times are tough for buyers looking to settle in Bluffton. But, I do believe it is going to be really competitive, and buyers are going to have to move fast to get a house.”. Greenwich, Connecticut.

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Housing Wire

SEPTEMBER 30, 2020

The survey also noted evidence that predominantly Hispanic neighborhoods, or neighborhoods with a Hispanic population of 50% or more, saw more than double the amount of first-time home buyer activity than that of the rest of the country between the second quarter of 2019 and the second quarter of 2020.

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Housing Wire

FEBRUARY 4, 2022

Housing entered 2022 riding high on several superlatives: the highest-ever annual price appreciation, the lowest-ever active inventory and the fastest monthly rise in mortgage rates since 2016. That could keep supply limited even as demand begins to slowly slacken.

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Housing Wire

MAY 2, 2023

And there’s another thing that separates the housing market from other markets — the buyer is often also the seller. In most markets, the seller, or supplier, makes their decision about adding supply to the market independent of the buyer, or source of demand, and their decision to buy. years in March 2023, according to recent data.

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Housing Market Marketing Sellers Inventory 418

Housing Wire

JULY 24, 2023

The trends in this chart show how quickly home buyers reacted to the big mortgage rate jumps in 2022. Inventory There are now 479,000 single-family homes on the market across the U.S. Each year, housing inventory typically peaks in the third quarter. Our estimation is that inventory could peak as early as next week.

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Housing Wire

MARCH 19, 2023

Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? Weekly inventory increased by 1,734. New listing data collapsed, but we are putting an asterisk on that data line for this week.

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Housing Market Marketing Inventory New Listings 397

Portland Appraisal Blog

DECEMBER 24, 2024

PEARL DISTRICT SUMMARY STATISTICS Taking the 35,000-foot view, we can see the average yearly prices have been steadily declining since 2016: Average prices this year are essentially the same as they were in 2015. The main reason for this decline is due to a couple of large high-rise condominium buildings being completed in 2016 and 2018. (We’ll

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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 dabbled under the hood from mid-2016 to about mid-2018, and then really started to perfect it. My biggest concern, to be honest, is inventory. That journey took about two years.

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Birmingham Appraisal

JULY 27, 2022

Do Buyers Have a Leg Up In Today’s Market? The smell of a market shift is in the air but what does this mean for the average buyer? Over the past two years, buyers have been put through the wringer. The steep rise in home prices, and the market’s competitive nature, have tested the resolve of buyers.

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Housing Wire

MAY 17, 2023

The 2022 margin for a median-priced flip was down 6 percentage points compared to 2021’s mark of 32.6%, and it was off 15 percentage points from 2020 — and at barely half the peak ROI of 51% hit in 2016. More investors keep looking to flip homes … but are making less and less in the process “ ATTOM CEO Rob Barber said.

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Finance Marketing Renovations Investors 370

Housing Wire

FEBRUARY 14, 2025

One such company include Hapi Homes a HousingWire Tech 100 member that allows buyers to customize their manufactured homes online. Only 80 ADUs were approved in Los Angeles in 2016, according to a California ADU reform report. CEO Mary O’Brien spoke with HousingWire to offer insights into how ADUs are transforming housing in LA.

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Miller Samuel

MARCH 19, 2019

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. Much of this speculation is being driven by two factors: sparse supply, due to the absorption of the inventory left over from the last boom, and fast-rising prices.

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Lamacchia Realty

NOVEMBER 27, 2024

The rise in prices in 2024 despite the changing market, inflation, and global uncertainty was due to constrained inventory and high demand. That condition was met eight years later, in 2016, when the FHFA increased conforming limits for the first time in a decade. increase in limits for 2025.

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D Fritz Appraisals

JULY 7, 2021

This rise has caused rental rates to spike, increased demand for housing and has made it very difficult, if not impossible, for first-time buyers to get their foot in the door of home sweet home. For home buyers, it’s roughly the same experience. Elsewhere on Vancouver Island, home prices also rose sharply.

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Lamacchia Realty

SEPTEMBER 13, 2022

That is why pricing your home accurately from the beginning will typically generate increased activity from buyers and higher offers. These days, buyers have access to the same information as REALTORS and are not fooled by an overpriced home; they will typically steer away from it if they believe the price is too high.

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Lamacchia Realty

AUGUST 26, 2021

Sellers still have the upper hand in this market as inventory is still a tight commodity with the increase in sales. Prices are still on the rise as buyers out compete one another in bidding wars, inflating sale prices. Buyers are willing to pay what sellers want as the number of price changes is down year over year.

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Inventory Sellers Buyers Real Estate 74

Lamacchia Realty

OCTOBER 27, 2021

The inventory crisis last year caused demand to spike higher than ever by fall into winter, which in turn caused prices to continue to increase significantly. Any current buyers considering making an offer would be well advised to move fast. Local buyers are going to have to be prepared to compete for homes. Buyer Resources.

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New Listings Realty Inventory Buyers 72

Lamacchia Realty

OCTOBER 26, 2021

The number of new listings has decreased but so has the number of pending sales, which means that inventory is lingering longer than it has been which is a positive sign for buyers. Therefore, buyers need to capitalize on the higher inventory while the iron is hot, as it’s going to be the best time to buy in two years.

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Inventory Sellers Buyers Landlords 74

Lamacchia Realty

SEPTEMBER 24, 2021

Sellers have had the upper hand for a long time but need to be prepared for more inventory, meaning buyers won’t have to compete as much. Prices increased, as they’ll continue to do for the foreseeable future due to buyers outbidding one another or paying what sellers ask. Price accordingly. faster than last year at this time.

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Sellers Buyers Inventory Realty 74

Lamacchia Realty

JULY 20, 2021

Sky-high demand has caused these increases as the market is currently very hot with buyers and sellers trying to accomplish now what they couldn’t over the past year. . This may not last long, however, as many of these pending home sales are contingent on these buyers listing their own homes and selling. but up over 2019 by 3%.

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Lamacchia Realty

JULY 28, 2021

Many buyers, during the throws of the pandemic, wanted single family homes instead of communal living, and with that great demand and low inventory came great market value increases. High demand and tight inventory are the culprits for this rise. The chart below illustrates this phenomenon.

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Inventory Buyers Sellers Marketing 69

Lamacchia Realty

SEPTEMBER 30, 2021

The inventory crisis last year caused demand to spike higher than ever, which in turn caused prices to continue to increase significantly. A slight increase in listings for both single families and condos/townhomes is a positive sign for buyers as this may help with selection. . Buyer Resources. April 4, 2016.

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New Listings Real Estate Realty Buyers 73

Lamacchia Realty

NOVEMBER 29, 2023

The rise in prices in 2023 despite the changing market, inflation, and global uncertainty was due to constrained inventory and high demand. That condition was met eight years later, in 2016, when the FHFA increased conforming limits for the first time in a decade. increase in limits for 2024.

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Realty Law Home Value Government 74

Lamacchia Realty

JUNE 21, 2021

Low inventory and high demand caused this jump in prices, as you can see in the chart below. It’s possible that with more sellers placing homes on the market, and with fewer buyers competing for homes that prices will plateau over the summer, or at the very least increase at a less rapid rate. and multifamily prices increased by 8.1%.

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Sellers Buyers Marketing Inventory 69

Lamacchia Realty

MAY 25, 2021

Low inventory and high demand, along with normal real estate trends have caused the rise in prices. To this point, single families, which took the hardest hit over the past year in terms of inventory, are up 41% over last year for listings but are down 15.4% Average prices increased over April 2020 by 15.2% versus 2019.

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Sellers Buyers Real Estate Inventory 68