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.

New Listings 415

New Listings Inventory Contracts Sellers 415

Housing Wire

JULY 24, 2023

Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. In the chart below, the light portion of each bar represents the new contracts each week. But, there were another 15,000 condos and townhomes that went into contract this week.

Inventory 370

Inventory Contracts New Listings Buyers 370

Housing Wire

JULY 17, 2023

By October 2022, it looked like 2023 would have rising inventory and falling home prices. Inventory has fallen all year. The peak of inventory for 2023 so far was the week of the New Year — that is insane. We could see inventory from distressed sellers emerge in 2025. I grew pretty bearish again. There was no crash.

Real Estate 369

Real Estate Marketing Inventory Contracts 369

Housing Wire

MAY 4, 2022

“Treasury yields eased slightly last week but remained close to 2018 highs, as financial markets await the news from the Federal Reserve on its latest plans for rate hikes and reducing its balance sheet holdings,” Joel Kan, MBA’s associate vice president of economic and industry forecasting, said in a statement. percent, up from 4.89

Mortgage 370

Mortgage Contracts Retail Inventory 370

Housing Wire

AUGUST 1, 2023

The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract. Maybe by Q4, we’ll have more homes in contract than there were at the end of 2022. The count of new contracts this week was just over 68,000 single-family homes. Both lines indicate about 70,000 contracts.

Inventory 370

Inventory Contracts Buyers Mortgage 370

Housing Wire

MAY 24, 2022

As we can see below, the new home sales report just took us back almost to the 2018 levels — the last time when rates rose toward 5% and created a supply shock. My biggest thing is getting total inventory back to 2018-2019 levels, which can range from 1.52-1.93 This is 16.6 percent (±10.4 percent (±13.7 What do we have now?

Housing Market 418

Housing Market Inventory Construction Marketing 418

Housing Wire

JANUARY 12, 2021

Court Cunningham, chief executive officer and co-founder, said he’s excited for Orchard to help consumers in the new markets, where demand has outpaced inventory. This followed the creation of a title and escrow unit, dubbed Orchard Title, in the fall of 2018. suburbs in the upcoming months.

Contracts 317

Contracts Real Estate Lending Inventory 317

Housing Wire

MARCH 17, 2022

In fact, considering the drop in builders’ confidence, now we have to watch for whether some people will cancel their building contracts because rates have jumped so much while they’ve been waiting for their new home to be built. This is a very positive thing because it’s real. It wasn’t a crash in demand but a slowdown for sure.

Construction 488

Construction Housing Market Inventory Buyers 488

Housing Wire

MAY 30, 2024

I started thinking about it in 2018, it was kind of a transitionary year for me, in business. The first is that we invite buyer’s agents into the platform, so we’ve opened up this inventory to them. We’ve seen it happen in one day — there will be three or four counters within an hour, and they’ll get a contract.

Real Estate Agent 448

Real Estate Agent Real Estate Sellers Technology 448

Housing Wire

JANUARY 9, 2025

This could translate to a higher commission, depending on how your contract with the seller is written. Other agents will be very appreciative that youre telling them about a new piece of inventory they can share with their buyers, especially if youre in a strong sellers market with low inventory.

Sellers 397

Sellers Real Estate Agents Real Estate Agent 397

Miller Samuel

FEBRUARY 12, 2019

The number of units sold in Manhattan in 2018 was down by more than 14 percent compared to the previous year. In 2018 the discount was 5.2%. Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed).

Marketing 221

Marketing Real Estate Appraisal Sellers 221

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 Also, we had a supply spike in 2018, which caused builders to pause construction — and that was with rates only getting toward 5%. months and above.

Construction 370

Construction Housing Market Sellers Real Estate 370

Hank Miller Team

APRIL 6, 2022

It's time to answer the nagging question…did housing inventory in Atlanta increase during the first quarter of 2022? Here we look at both detached and attached homes going back to Jan 2018. No visible increase in inventory over the first quarter of 2022, if fact we're at a low point right now. consider this a broad overview.

Inventory 94

Inventory Contracts Buyers Sellers 94

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. The net loss at the industry level this past quarter matches the pattern we saw in 2018, with a run-up in rates and the end of a refi wave. By comparison, we are forecasting total volume of about $2.3

Lending 397

Lending Mortgage Real Estate Loan Officers 397

Housing Wire

APRIL 21, 2022

But the company was out of business by 2018. By then, Ballard had bolted TreeHouse for Icon, an Austin, Texas company that debuted in 2018 at South by Southwest , the erstwhile Austin music festival where lurking A&R’s were long ago replaced by lurking venture capital investors. They’re stressed on so many fronts right now.”.

Construction 418

Construction Supply Chain Investors Business 418

Miller Samuel

MARCH 19, 2019

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. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract). November: Control of the New York State Senate flipped. click to expand].

Real Estate 370

Real Estate Law Development Investors 370

Portland Appraisal Blog

DECEMBER 24, 2024

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 Vista was completed in 2018 and is STILL selling units that have never been occupied. Question: When do you think the Pearl District will finally absorb all the excess inventory?

Marketing 88

Marketing Advertising Appraisal Inventory 88

Appraisal Buzz

DECEMBER 11, 2024

In 2018, Fannie Mae launched its Pre-Foreclosure Property Preservation Program, offering mortgage servicers the opportunity for Fannie Mae to handle the management of inspection and preservation activities on delinquent loans secured by vacant properties. How is AI impacting the sector?

Inspection 396

Inspection Technology Insurance Training 396

Hank Miller Team

APRIL 4, 2022

What are the trends, inventory, mortgage rates, forecasts? While there are no guarantees (esp in real estate), most of the buyers getting under contract are exercising measured risk. Understand how to write effective contracts, available 24/7, well connected and respected by agent community? Seller's are calling the shots now.

Buyers 75

Buyers Inspection Sellers Contracts 75

Birmingham Appraisal

MAY 11, 2022

Median home prices continue to rise as a result of high demand and limited inventory. The amount of time a home stays on the market before going under contract continues to decline as buyers snatch up what limited inventory is available. In a buyer’s market, the inventory is much higher and buyers have more choices.

Housing Market 52

Housing Market Marketing Inventory Buyers 52

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. That’s because fewer homes are being placed under contract. Price adjustments/decreases were up across the country in May.

Housing Market 61

Housing Market Bracketing Marketing Sellers 61

Appraisal Today

JUNE 14, 2024

million; in 2018, former “Baywatch” babe Pamela Anderson unloaded her trailer for $1.75 What if there is a contract which stipulates that the buyer will pay the title fee, but that the seller will contribute an amount equal to the title fee as a seller concession? million; and in 2016, songbird Stevie Nicks sold hers for $5.3

Appraisal 72

Appraisal Sellers Contracts Insurance 72

Patch of Land

OCTOBER 16, 2018

As the 2018 house flipping report from research firm ATTOM Data Solutions shows, completed house flips in 2017 yielded an average gross profit of $68,143, representing a 49.8% If that’s the case, I think what it might do is cause inventories to rise modestly and home price growth to slow. return on investment.

Investing 45

Investing Inventory Housing Market Contracts 45

Appraisal Today

DECEMBER 15, 2023

Purchase volume was running about 18 percent below last year’s pace, as prospective homebuyers are still challenged by a lack of inventory, even as rates have decreased.” The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.07 percent the previous week.

Appraisal 77

Appraisal Contracts Business Mortgage 77

Lamacchia Realty

OCTOBER 13, 2022

It typically takes 30-60 days for a property to go from under contract to closed. Competition was high, inventory was low, and there were bidding wars happening everywhere. Mortgage Rates Reach Highest Level Since 2018. Market value is determined by sales, not the high hopes of a seller. Time and Comps. June 21, 2022.

Marketing 65

Marketing Sellers Buyers Market Value 65

Appraisal Today

SEPTEMBER 1, 2023

The current official unofficial Advisory Opinions of the Foundation reference the 2018-2019 version of USPAP. Purchase applications increased but were still 27 percent lower than a year ago, as elevated mortgage rates and tight housing inventory continue to weigh on home buying activity.” percent spike in conventional refinances.

Appraisal 78

Appraisal Contracts Mortgage Real Estate 78

Appraisal Today

FEBRUARY 2, 2024

To see the timeline (from 2018 to 2026) PDF, Click Here Too large to include in this newsletter. For residential appraisers, it remains imperative to remember that even as the market shows initial signs of correcting, inventory still sits at extremely supply-constrained levels from a historical context. percent from 6.51

Appraisal 66

Appraisal Contracts Training Real Estate 66

Appraisal Today

MAY 10, 2024

Appraisers must consider broader economic indicators, such as inflation rates and GDP growth, in tandem with localized market conditions, including inventory levels and median price changes, to provide accurate and timely valuations. From 2015 to 2018, there were 5 significant fires. percent from 7.29 percent from 7.39 percent from 7.09

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Appraisal Today

SEPTEMBER 2, 2022

Many of the homes that go to contract in the peak spring selling season close around 45 to 60 days later in July.” 1427, with an average 451% in revenue growth from 2018 to 2021. 1427, with an average 451% in revenue growth from 2018 to 2021. The average contract interest rate for 15-year fixed-rate mortgages increased to 5.10

Appraisal 52

Appraisal Contracts Clients Real Estate 52

Will Springer Realtor

JANUARY 10, 2023

Homes going under contract (Pending sales) dropped 25% from the previous month and by 30% year-on-year (YoY) – staggering drop-offs. 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

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

Will Springer Realtor

DECEMBER 19, 2023

We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. A median priced home in King County today runs about $800K, or 32% more than in 2018 and a whopping 111% more than a decade ago. Does anyone have WD-40 to help us out with those pesky gates?

Real Estate 69

Real Estate Buyers Sellers Inventory 69

Houston Properties

JANUARY 12, 2022

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. Overall, right now properties are still actively going under contract. The biggest challenge right now is the low inventory.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Appraisal Today

JUNE 24, 2022

million additional housing units to the market by 2018. However, purchase activity was still 10 percent lower than a year ago, as inventory shortages and higher mortgage rates are dampening demand. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.98

Appraisal 52

Appraisal Contracts Mortgage Easement 52

Will Springer Realtor

APRIL 10, 2024

Affordable housing initiatives focus not on the climate but on increasing inventory to meet demand, while climate-focused efforts lack integration with housing resilience goals. That’s only 20 cents more than in 2018. About half of all homes within the twin-tower community have buyers under contract. Interested in learning more?

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Will Springer Realtor

APRIL 11, 2022

Parking stalls in the Puget Sound region increased by 13% from 2013 to 2018, while the population increased by 9% and housing rose by only 6%, according to local data sources. This year’s buying and selling campaign will be marked by increasing inventory (good!), overall, where housing inventory rose 2.4% months in King, 1.0

Construction 36

Construction Development Inventory Buyers 36

Will Springer Realtor

OCTOBER 8, 2021

The combination of buyers leaving the market, which brings down demand, and the slow but steady increase in new listings has beefed up inventory slightly month-to-month. Inventories improved fractionally. months of inventory across all homes in King County, up from 0.6 Eastside inventories are the lowest in the county, now at 0.4

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

SEPTEMBER 8, 2021

There are no signs of a real estate crisis, particularly in the Puget Sound region, where prices keep rising – up about 20% the past year and 68% in Seattle alone since 2016, by one measure – amid a dearth of inventory and surge of buyers. A drying up of listings sent inventory figures lower. in July, and condo inventories were 1.0,

Construction 36

Construction Inventory Buyers Real Estate 36