Housing Wire

DECEMBER 10, 2020

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Housing inventory in the Des Moines housing market is tight. I haven’t had anybody so far downsize.”.

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Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. Instead, active listings are near all-time lows, which wasn’t the case from 2012-2019.

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Housing Wire

MAY 23, 2023

While it’s not as clear how long-lasting the rebound will be, it does still provide some much-needed good news for the spring and summer housing market. in April 2023, according to the National Association of Realtors (NAR). This article is part of our ongoing 2023 Housing Market Forecast series. million in April.

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Housing Wire

JANUARY 22, 2024

In November of 2019 the number of single-family homes for sale was at 6,000. The market in Indianapolis is very cyclical,” Carrie Holle, Realtor and principal of the Carrie Holle Group with Compass , told HousingWire. Indianapolis is more affordable than much of the country. 19, down from 54.79% on Nov. 10, 2023. “The

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Housing Wire

NOVEMBER 16, 2020

According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. That’s even with home prices jumping to an average of $226,000 in September – an 18% jump from September 2019.

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Housing Wire

JUNE 21, 2022

The housing nightmare continues. The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Since March of this year, housing demand has been falling more and more, but inventory is still below the 2010, 2013, 2016, and 2019 levels, which is a nightmare. million , down 3.4%

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Housing Wire

MAY 3, 2024

We’ve been a sellers’ market here for at least the past eight years, but probably closer to 10 or 11.“ While this is up from a record low of 7,336 listings set in late April 2022, it is still well below the 29,951 listings in early May 2019, about a year prior to the onset of the COVID-19 pandemic.

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Housing Wire

DECEMBER 12, 2024

Register today to attend the Housing Economic Summit in Dallas, on Feb. The summit is designed to give you a comprehensive understanding of the economic factors driving the housing market in 2025 and what it all means for your business. 26, 2025 and hear Daren Blomquist in person.

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Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data.

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Housing Wire

MAY 24, 2021

The National Association of Realtors Confidence Index Survey for April reveals how hot the housing market is. The April 2021 survey was sent to 50,000 Realtors selected from NAR’s over 1.4 However, there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin.

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Housing Wire

MAY 5, 2022

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Demographics still point towards a market with strong demand – the largest cohort of millennials, the largest generation in U.S. The post Has the housing market peaked?

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Housing Wire

SEPTEMBER 30, 2024

Cooler fall temperatures have brought less intense housing market conditions to the once white-hot market of Bergen County , New Jersey. “We We are not seeing that same buyer frenzy we were seeing six months ago,” said Audra Fontanella, the broker-owner of Bergen County-based RE/MAX Venture Realtors. “We As of Sept.

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Housing Wire

NOVEMBER 12, 2020

Vacation areas and luxury housing markets aren’t the only ones benefitting from a wave of pandemic buyers : southeastern locales are also filling up. According to the Little Rock Realtors Association in Arkansas, listing count is down 40.5% According to Simpson, the volume of sales increased from 2019 to 2020 by $86.8

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Housing Wire

AUGUST 21, 2020

million, the National Association of Realtors said in a report on Friday. The housing market is well past the recovery phase and is now booming with higher home sales compared to the pre-pandemic days,” said Lawrence Yun, NAR’s chief economist. One sour note was a shortage of inventory that has plagued the market since 2019.

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Housing Wire

JULY 22, 2021

The National Association of Realtors reported existing home sales for the month of June were under their estimates slightly. million, which would be back to 2019 levels. million, which would be back to 2019 levels. The seasonally adjusted annual rate of 5.86 But that is not what is happening.

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Housing Wire

DECEMBER 22, 2020

housing market has outperformed expectations, I expected these upward trends to moderate. Today, the National Association of Realtors reported a 2.5% million in November 2019). million in November 2019). million in November 2019). from November 2019 ($271,300). million in November. from a year ago (5.32

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Housing Wire

SEPTEMBER 15, 2020

trillion in refinancings, the highest level since 2003 and more than double the level seen in 2019, the mortgage giant said in a forecast on Tuesday. ” The low rates likely will boost the sales of new houses to 777,000 this year, a gain of 14% from 2019, the forecast said. . The dollar-volume record will be boosted by $2.4

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Housing Wire

SEPTEMBER 23, 2022

You think things are bad in the housing market now? Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Probably, the housing market needs to go to a correction to get to that place.” ” Where is the housing market heading?

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Housing Wire

AUGUST 27, 2020

year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” said Yun.

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Housing Wire

JULY 13, 2021

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. In 2018-2019, total housing inventory was in the range between 1.52 million and 1.92

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Housing Wire

NOVEMBER 19, 2020

million, according to a report from the National Association of Realtors on Thursday. “The surge in sales in recent months has now offset the spring market losses,” NAR Chief Economist Lawrence Yun said. At the end of October, housing inventory totaled 1.42 from October 2019. million units, down 2.7%

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Housing Wire

JUNE 10, 2024

This is according to a recent column published by Fortune , which examined the dynamics that could contribute to boomers staying in their homes longer while many millennials are challenged to enter the housing market in the first place. Data shared with the outlet indicated that baby boomers make up roughly one-third of all U.S.

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Housing Wire

MAY 10, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. April was National Fair Housing Month. In February, NAR in partnership with Realtor.com released The Double Trouble of the Housing Market report.

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Housing Wire

AUGUST 13, 2020

Even with this week’s uptick, very low rates are providing a significant boost to the housing market that continues to hold up well during this time of uncertainty,” said Sam Khater, Freddie Mac’s chief economist. from a year ago, the National Association of Realtors said in a July 22 report. In 2019, the average rate was 3.9%.

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Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. Once that happens, I can finally take the savagely unhealthy housing market theme off my talking points. What does this mean? million to 1.93

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Housing Wire

APRIL 23, 2021

soared 18% year-over-year in March 2021 to a median of $356,000, according to a report Redfin released Friday that provided stark evidence of a housing market where demand greatly exceeds supply. Homes sold in March were on the market for 21 days, per the report, the shortest period between listing and sale since 2012.

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Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. This is happening, and in the long run, this is a plus for the housing market.

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Cleveland Appraisal Blog

JANUARY 5, 2023

We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. How have the rapidly increasing mortgage interest rates impacted the housing market in Northeast Ohio?

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Housing Wire

APRIL 11, 2022

The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built too many homes versus the real demand curve, and monthly supply proves that. Inventory from 2010 to 2019 was high enough that we didn’t see major bidding wars.

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Housing Wire

NOVEMBER 22, 2024

“Apartment rents have dropped by nearly 15% in two years, which is warp speed for the housing market. What’s more, operating costs for apartment and SFR (single-family rental) operators are up significantly since 2019 due to higher property taxes, insurance, and payroll costs. 20 — $4 less than the national average.

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Housing Wire

SEPTEMBER 17, 2021

In 2018-2019, total housing inventory was in the range between 1.52 million, and that level of inventory helped to drive real home-price growth in 2019 into negative territory briefly. million homes, according to the National Association of Realtors. million homes, according to the National Association of Realtors.

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Housing Wire

SEPTEMBER 22, 2021

The National Association of Realtors reported existing home sales for August came in at a very tiny beat of estimates at 5,880,000. Now that we are a few days away from October, we can again say that the housing bubble boys and the forbearance crash bros have whiffed just as severely in 2021 as they did in 2020.

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Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . I am a big fan of inventory to 2019 levels.

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Housing Wire

FEBRUARY 18, 2022

The National Association of Realtors reported that existing home sales for January came in as a big beat at 6.5 This couldn’t have happened from the years 2008-2019 as the population was both too young and too old to get total net demand of over 6.2 The real goal is to get the days a house is on the market to grow.

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Housing Wire

DECEMBER 10, 2020

At the National Association of Realtors Real Estate Forecast Summit on Thursday, NAR’S Chief Economist Lawrence Yun explained that although many are working from home now, he doesn’t expect that change to be permanent. In 2019] only 6% worked from home.”. So what was going to happen with so many people losing jobs?

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Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I There is also some pent-up desire to sell being released by a steadier interest rate environment and an overall slower market. In comparison, the average U.S.

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Housing Wire

SEPTEMBER 3, 2024

With the calendar shifting to September and the next meeting of Federal Reserve policymakers only two weeks out, mortgage rates continue to recede and evidence suggests that borrowers are reacting to more favorable housing market conditions. The National Association of Realtors (NAR) reported last week that pending sales declined by 8.5%

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