Housing Wire

JUNE 20, 2024

1 in population growth for eight straight years and The Wall Street Journal named it the hottest job market in 2019 and 2020. But while rising inventory and days on market are proof of lower demand, Austin home prices remain stubbornly elevated above their 2019 levels. higher than 2019 prices.

Inventory 487

Inventory Real Estate Housing Market Real Estate Agent 487

Housing Wire

APRIL 24, 2024

1 brokerage by listing count from 2019 through 2023. Despite its continued lead, the properties listed by the firm on Multiple Listing Services (MLSs) in the county fell from 4,360 in 2019 to 2,390 in 2023, a 45% drop as homebuying slowed significantly in Dallas and nationwide. In the past five years, eXp Realty has done just that.

Brokerage 448

Brokerage Realty Marketing Real Estate 448

Housing Wire

JANUARY 19, 2024

was also below the 2019 average of 60.3%, which serves as a good benchmark of the distressed property pricing in a relatively normal real estate market with low single-digit home price appreciation. in October — nearly five points below the 2019 average. of the estimated after-repair value of those same properties — or 41.4%

Retail 488

Retail Marketing Realtors Real Estate 488

Housing Wire

DECEMBER 30, 2024

Rising supply is one of the housing market highlights of 2024, according to HousingWire Lead Analyst Logan Mohtashami , who said that housing inventory is approaching levels seen in 2019 before the COVID-19 pandemic. That share is 460 basis points higher than a year ago, and it’s the highest share since November 2019.

Inventory 488

Inventory Sellers Housing Market Contracts 488

Housing Wire

MARCH 27, 2024

Its listings in 2023 fell below its 2019 level, although the drop was less steep than that experienced outside of Florida and far less steep than other metros like San Diego. Competition heats up In 2019, Watson Realty Corp. DR Horton and Dream Finders both ranked in the top 10 in 2019, and Lennar made a top 10 appearance in 2020.

Brokerage 476

Brokerage Realty Real Estate Inventory 476

Housing Wire

JULY 1, 2024

Knapp boomeranged back to Chicago-headquartered Guaranteed Rate after he left in 2019. ” Knapp spent 10 years at Guaranteed Rate between 2008 and 2019 in multiple leadership roles. He was chief retail production officer at the time of his departure in 2019.

Retail 448

Retail Brokerage Real Estate Agent Real Estate 448

Housing Wire

SEPTEMBER 30, 2024

Importantly, while the starter-home segment has become slightly more affordable in the past year, it is much less affordable than it was in the post-recession housing recovery of 2012 and in the pre-pandemic period of 2019. But in August 2019, households earned 57% more than they needed, and in August 2012, they earned 113% more.

Buyers 476

Buyers Real Estate Mortgage Brokerage 476

Housing Wire

JULY 31, 2024

At first glance, these concerns seem reasonable: home prices have increased by more than 50% since the end of 2019. The median home in 2019—priced at $212,000 and financed with a 30 year mortgage for 3.75%—would carry a monthly cost of under $900. We’ve recently lived through an unusually rapid run-up in home prices.

Finance 493

Finance Construction Mortgage Investing 493

Appraisal Buzz

JANUARY 14, 2025

since 2019. increase since 2019. since 2019, while Floridas payments increased 9.5% since 2019, while Floridas payments increased 9.5% Both states have seen home prices grow well above the national average, with Georgia recording a 65% increase and Florida a 73% jump since 2019. The median U.S. annually and 47.5%

Property Taxes 435

Property Taxes Government Mortgage Buyers 435

Housing Wire

JUNE 17, 2024

The firm’s market share was 10.62% as recently as 2019 , and this is the closest Stewart has gotten to its 2019 market share in several quarters. In 2019, independent title underwriters such as Westcor, WFG and others had a combined market share just shy of 15%, which increased to 26.6% and Stewart’s was 9.2%. in Q1 2024.

Insurance 468

Insurance Marketing Housing Market Real Estate 468

Housing Wire

MAY 29, 2024

The homeownership rate among Black Americans has risen at a faster-than-average rate since 2019, but it remains well below the high point reached in 2004, according to Home Mortgage Disclosure Act (HMDA) data compiled by Zillow. Allowing rent payments to count in credit scores is one example of how to move the industry forward.”

Home Value 448

Home Value Housing Market Tools Finance 448

Housing Wire

JANUARY 31, 2024

Multifamily completions in December were 47% higher than the 2019 average, according to the latest data available from the U.S. Single-family completions, by contrast, were 17% higher than the 2019 average. Multifamily permits in December were 8% below the 2019 average, while single-family permits were 16% above the 2019 average.

Construction 482

Construction Inventory Property Management Housing Market 482

Appraisal Buzz

OCTOBER 28, 2024

more than they would have in 2019, the median monthly property tax payment has increased the greatest during that time, reaching $205. to $228 since 2019), according to a Redfin analysis of property taxes for single-family homes among the 50 most populous U.S. Top 5 Metro Areas Where Property Taxes Have Increased Most Since 2019 U.S.

Property Taxes 349

Property Taxes Home Value Government HOA 349

Housing Wire

SEPTEMBER 12, 2024

Zillow reported that nationwide active inventory was up 22% year over year in August, although it remained 31% lower than the pre-pandemic level of August 2019. New listings, meanwhile, grew slightly on a monthly and yearly basis but were 21% lower than the same month in 2019. The listings portals said that the week of Sept.

Housing Market 482

Housing Market Marketing Inventory Buyers 482

Appraisal Buzz

DECEMBER 2, 2024

Realtor.com began publishing regular monthly rental trends reports in October 2020 with data history stretching back to March 2019. higher than in the fall of 2019, before the pandemic. That’s still just $40 (-2.3%) lower than its August 2022 peak, and is $272 (18.8%) higher than the same time period in 2019. That’s down -3.6%

Advertising 396

Advertising Construction Marketing Appraisal 396

Housing Wire

APRIL 2, 2024

Independent real estate firms are growing quickly, with flat-fee firms taking three of the top 10 spots by transaction sides when looking at the five year movers (2019-2023) in this year’s RealTrends Verified brokerage rankings.

Brokerage 459

Brokerage Realty Real Estate 459

Housing Wire

MAY 30, 2024

Despite the increases in 2022 and 2023, labor force participation among those ages 70 to 74 did not quite reach the pre-pandemic threshold observed in 2019, the research explained. But it did surpass pre-pandemic levels last year among the 55-64 group. “In

Bracketing 448

Bracketing Design 448

Housing Wire

OCTOBER 31, 2023

The class action antitrust lawsuit, which was originally filed in 2019, also included RE/MAX and Anywhere as defendants, however the two reached settlements in this suit as well as the two other commission lawsuits, Moehrl and Nosalek , in September.

Brokerage 545

Brokerage Realtors Sellers Buyers 545

Housing Wire

FEBRUARY 5, 2025

One was from 2008-2019 and the other was from 2020-2024. These were my variables written in 2019, which still hold up today: 1. From Census : The homeownership rate of 65.7 percent was virtually the same as the rate in the fourth quarter 2023 (65.7 percent) and not statistically different from the rate in the third quarter 2024 (65.6

Buyers 478

Buyers Housing Market Marketing Mortgage 478

Appraisal Buzz

JULY 9, 2024

June 2024 Housing Metrics – National Median list price per sq.ft: Change over June 2023: (+3.4%) Change over June 2019: (+52.6) June 2024 Housing Metrics – National Median list price per sq.ft: Change over June 2023: (+3.4%) Change over June 2019: (+52.6) when compared to June 2019. vs. June 2019).

Housing Market 418

Housing Market Buyers Marketing Inventory 418

Appraisal Buzz

AUGUST 1, 2024

Although inventories remains below pre-pandemic levels, the difference between the levels in 2017–2019 and the current levels is decreasing. Nevertheless, it’s still more than a week (8 days) shorter than the average house spent in July from 2017 to 2019, even if it was listed for five extra days in July 2023. and 47.6%, respectively.

Inventory 418

Inventory Sellers Buyers Housing Market 418

Housing Wire

MAY 1, 2024

Brokers and agents , mortgage officers and other housing professionals continue to compete for their share of tight volumes and would need major industry growth to get back to 2019 levels. Texas, for example, went from being about 10% of national listings in May 2019 to about 17% at present.

Inventory 488

Inventory Agents Marketing Mortgage 488

Appraisal Buzz

JANUARY 16, 2025

properties in 2024, down 10% from 2023, down 1% from 2022, and down 35% from 2019, before the pandemic shook up the market. housing units, down slightly from 0.25% in 2023, and down from 0.36% in 2019, and down from a peak of 2.23% in 2010. Foreclosure filings in 2024 were also down 89% from a peak of nearly 2.9 million in 2010.

Lending 389

Lending Investors Housing Market Marketing 389

Housing Wire

JUNE 18, 2024

million for alleged violations of a 2019 consent order and the Home Mortgage Disclosure Act (HMDA) when it submitted incorrect mortgage data. million for errors in its 2019 data regarding borrower race and ethnicity. The Consumer Financial Protection Bureau (CFPB) has proposed that lender and servicer Freedom Mortgage Corp.

Mortgage 475

Mortgage Realty Law Lending 475

Appraisal Buzz

OCTOBER 3, 2024

Further data found that some 31% fewer homes were sold this year than in the final pre-pandemic year of 2019 (36 of every 1,000), and 37.5% since 2019, while that of condos and townhouses has decreased by 37.6%. Phoenix : (2024 Sales per 1,000 homes: 37.7) (2019-2024 difference: -43.2%) 2. Newark, NJ : (36.7) (-41.4%) 3.

HOA 397

HOA Property Taxes Advertising Real Estate Agent 397

Housing Wire

MARCH 12, 2024

When asked about divorce as a potential vehicle for reverse mortgage business in 2019, Christina Harmes Hika — now of Amerifund Home Loans — described how it could be useful in dividing up different assets. “I The reverse mortgage industry has taken notice, seeing seniors engaging in divorce as a potential path for business.

Business 493

Business Mortgage Clients Finance 493

Housing Wire

DECEMBER 9, 2024

The number of unsold homes on the market is finally getting closer to 2019 levels. Its now only 17% fewer homes on the market than at the end of 2019. We use 2019 as a proxy for normal times before the pandemic craziness hit even though the unsold inventory in 2019 had been declining for most of the previous decade.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

Housing Wire

FEBRUARY 5, 2025

Auction.com noted that the 99,000 foreclosure sales, even if they came to fruition, would still represent less than half the 210,000 transactions that took place in 2019 prior to the COVID-19 pandemic. The 322,000 filings last year means that roughly one in four properties that enter the foreclosure process wind up being sold at auction.

Retail 417

Retail Renovations Buyers Finance 417

Housing Wire

FEBRUARY 20, 2025

In 2019, 47% of Black homebuyers were purchasing for the first time, a figure that plunged to 35% in 2021 after the COVID-19 pandemic. Still, despite these obstacles, the Black homeownership rate increased more between 2019 and 2024 than the rate for whites, and only Hispanic households experienced a higher rate of growth, Zillow reported.

Housing Market 364

Housing Market Buyers Law Lending 364

Housing Wire

MAY 1, 2024

The firm’s market share was 10.62% as recently as 2019. In 2019, independent title underwriters such as Westcor, WFG, and others had a combined market share just shy of 15%, which increased to 30.2% In the third quarter of 2023 , First American’s market share was 21.6%, while Old Republic’s was 14.9%, Fidelity’s was 26.6% in 2023.

Insurance 458

Insurance Marketing Mortgage Finance 458

Housing Wire

SEPTEMBER 5, 2024

These brokerages grew their transaction sides significantly during the five-year span of 2019 to 2023, some by as much as 727% ( United Real Estate ). In this case, 2019 to 2023 (the most current year for which we have data.) However, RealTrends GameChangers defied the odds and outperformed their peers. Access your growth playbook

Real Estate 442

Real Estate Brokerage Agents Inventory 442

Housing Wire

JUNE 3, 2024

In 2019, Seattle -based MoxiWorks announced that private equity firm Vector Capital had acquired a “meaningful” stake in the company, which spun out from Windermere Real Estate more than a decade ago. Elfman most recently served as CEO and co-founder at Onit , a provider of AI-based workflow automation and enterprise legal solutions.

Real Estate 448

Real Estate Brokerage Modernization Legal 448

Housing Wire

JUNE 20, 2024

That was down from 49,473 active single-family listings in June 2019, and only slightly better than the all-time low of 9,570 active single-family listings set in late April 2022, according to data from Altos Research. Local agents say this is one of the main reasons why the state is struggling with housing inventory.

Housing Market 448

Housing Market Agents Marketing Inventory 448

Housing Wire

JULY 25, 2024

USA Today also cites some of its own reporting from 2019 that took aim at certain actors in the reverse mortgage industry. It painted a bleak picture of the industry’s practices, some of which were challenged by other subject-matter authorities.

Mortgage 476

Mortgage Home Value Finance Buyers 476

Housing Wire

OCTOBER 7, 2024

Texas has 44% more homes on the market that last year and 24% more unsold homes on the market now than in 2019. more homes unsold than last year, but we’re still 23% fewer homes on the market now than in 2019. There are eight states with more inventory now than in 2019. Nationally, we have 36.7%

Housing Market 476

Housing Market Marketing Mortgage Contracts 476

Appraisal Buzz

JANUARY 13, 2025

2019 Median listing price -1.8% (to $402,502) +34.2% Nevertheless, inventories is still slowly returning to levels seen in 2017 and 2019. Homebuyers should be aware that this December is the slowest month of 2024 overall and the slowest December since 2019 due to days on market. 2023 Change over Dec. New listings +0.9% -11.0%

Inventory 354

Inventory New Listings Sellers Marketing 354

Housing Wire

SEPTEMBER 15, 2024

increase 2019: $484,350 — 6.8% Here are the increases in FHFA’s conforming loan limit for one-unit loans for the lower 48 states since 2016. 2016: $417,000 2017: $424,100 — 1.7% increase 2018: $453,100 — 6.8% increase 2020: $510,400 — 5.3% increase 2021: $548,250 — 7.4% increase 2022: $647,200 — 18% increase 2023: $726,200 — 12.2%

Mortgage 505

Mortgage 505