Housing Wire

FEBRUARY 28, 2024

The data examined below represents multiple listing service data and mortgage market analytics for San Diego County, as well as the state of California and the country as a whole from 2019 to 2023. from 2019 to 2023, almost double the 26.4% This data from CoreLogic ‘s Discovery Platform was shared exclusively with HousingWire.

Marketing 435

Marketing Mortgage Realty Brokerage 435

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 425

Inventory Sellers Housing Market Contracts 425

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 379

Lending Investors Housing Market Marketing 379

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 447

Buyers Real Estate Mortgage Brokerage 447

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

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

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 393

Inventory Real Estate Housing Market Real Estate Agent 393

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 432

Construction Inventory Property Management Housing Market 432

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 476

Housing Market Marketing Inventory Buyers 476

Housing Wire

OCTOBER 18, 2023

Though virtually every mortgage lender is down because of the high-rate environment (excepting homebuilder-affiliated mortgage firms, of course), purchase volumes are still above 2019 levels. The InGenius data dating back to Q1 2019 points to some sobering trends. Setting channel side, where are we in terms of the overall LO landscape?

Retail 520

Retail Loan Officers Brokerage Mortgage 520

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 426

Retail Marketing Realtors Real Estate 426

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 448

Finance Construction Mortgage Investing 448

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 415

Brokerage Realty Real Estate Inventory 415

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 347

Inventory New Listings Sellers Marketing 347

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.

Brokerage 385

Brokerage Retail Real Estate Agent Real Estate 385

Housing Wire

DECEMBER 28, 2024

The most positive development in the housing market over 2024 has been the increase in active housing inventory , which is approaching the levels seen in 2019. Although those 2019 levels represent a five-decade low before COVID-19, the market was still functioning better than it did from 2020 to 2023. Weekly inventory change (Dec.

Inventory 506

Inventory Housing Market Marketing New Listings 506

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

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

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 409

Insurance Marketing Housing Market Real Estate 409

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 389

Home Value Housing Market Tools Finance 389

Housing Wire

OCTOBER 21, 2024

Interestingly, inventory is now only 21% fewer than in 2019. We use 2019 as a bit of an arbitrary baseline, because that was the last pre-pandemic year. In the fourth quarter of 2019, inventory was falling quickly. It turns out that Austin has 3% fewer new listings each week now than in 2019. In fact, no.

Sellers 414

Sellers Inventory New Listings Contracts 414

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

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 416

Housing Market Marketing Inventory Sellers 416

Housing Wire

FEBRUARY 22, 2024

While inventory is less depleted, it remains well below the pre-pandemic level of January 2019. million in January 2019.” compared to the start of 2019, according to Realtor.com data. The housing shortage is acute compared to before the pandemic,” Holden Lewis, home and mortgage expert at NerdWallet , said in a statement.

Inventory 432

Inventory Sellers Buyers Realtors 432

Appraisal Buzz

JANUARY 7, 2025

The rate of home sales and home listings are both down at least 30% from 2019. Some 31% fewer homes were sold this year than in the previous pre-pandemic year in 2019 (36 of every 1,000) An estimated 37.5% fewer homes were sold this year than during the peak of the pandemic buying frenzy in 2021 (40 of every 1,000).

Property Taxes 365

Property Taxes Real Estate Agent Mortgage Agents 365

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 462

Business Mortgage Clients Finance 462

Appraisal Buzz

DECEMBER 30, 2024

More than half (54.5%) of home listings in November sat on the market for at least 60 days without going under contractmarketing the highest share for any November since 2019, and is up from 49.9% The typical home that did go under contract in November did so in 43 days, the slowest November pace since 2019. a year earlier.

Contracts 435

Contracts Inventory Buyers Sellers 435

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 376

Bracketing Design 376

Appraisal Buzz

OCTOBER 3, 2024

2019: +36.0 %) Active listings : (+34.0 %) (-23.2 %) New listings : (+11.6 %) (-11.8 %) Median days on market : (+7 days to 55 days) ( -7 days) Share of active listings with price reductions : (+0.5 September 2024 marked the slowest pace since 2019. increase in price per square foot from September 2019. from the previous year.

Marketing 418

Marketing New Listings Sellers Advertising 418

Appraisal Buzz

JUNE 18, 2024

Median residual income for lower-income renters fell by $160 just between 2019 and 2022, a decline greater than the entire amount lost between 2001 and 2019 ($110). Again, lower-income renters got the worst of it: their median residual income dropped a staggering 47% —leaving them with just $310 a month for all non-rent expenditures.

Investing 434

Investing Appraisal Marketing 434

Housing Wire

JANUARY 7, 2025

NetCredit reported that Detroit has received $1 billion in investments since 2019 to benefit senior and low-income homebuyers. NetCredit referenced a recent report from Arizona State University that highlighted a 72% increase in statewide rent prices between 2010 and 2022, alongside a home-price increase of 57% between 2019 and 2023.

Development 379

Development Investing Buyers Mortgage 379

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 420

Inventory Agents Marketing Mortgage 420

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 485

Mortgage 485

Housing Wire

JUNE 18, 2024

RE/MAX has held onto this spot since the publication of the 2020 iteration of The Thousand, which was based off sales data from 2019. RE/Max overtook Keller Williams, which took the title in 2019. ”RE/MAX The re-ranking process revealed that RE/MAX had in fact retained the top spot among the brands represented on the list.

Agents 448

Agents Real Estate Sellers Clients 448

Housing Wire

JUNE 21, 2024

It also analyzed sale prices during the five-year period beginning in April 2019 to illustrate trends since the start of the COVID-19 pandemic. Sale prices there have risen from $153,347 in 2019 to $259,264 in 2024. SmartAsset, a personal finance and fintech website, ranked the 100 largest U.S. in April 2024. Wichita also ranked No.

Construction 373

Construction Inventory Finance Marketing 373

Appraisal Buzz

DECEMBER 10, 2024

Inventory on the Rise While the nations housing inventory remains a challenge, a recovery is underway, with the number of homes for sale in November notching the highest mark since December 2019. Compared with the typical November from 2017 to 2019 before COVID-19, the South saw the smallest gap in inventory, down just 1.4%

Housing Market 418

Housing Market Marketing Inventory Government 418