Housing Wire

SEPTEMBER 17, 2021

Despite several indicators of a slowing housing market, prospective home buyers should not get too excited – inventory remains limited and changes are in line with the traditional seasonal slowdown, according to RE/MAX ’s August national housing report. Low inventory is another indication of a still-scorching housing market.

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Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing Inventory. That would be a positive for demand.

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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. This article is part of our ongoing 2023 Housing Market Forecast series. After this series wraps, join us on May 30 for the next Housing Market Update Event.

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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) to $445,000) (+39.1%) Active listings: (+36.7 %) (-31.1%) New listings: (+6.3%) (-24.4%) Median days on market: (+2 days to 45 days) (-8 days) Share of active listings with price reductions: (+4.2

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Housing Wire

DECEMBER 10, 2021

As we approach the end of another hot year for the market, homebuyers and sellers are eagerly looking ahead to the 2022 housing market. Will the market continue its streak of strong growth, or are we finally about to see a slow down? Demand will continue to be strong into 2022.

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Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. And all of those prospective homeowners flocking to the city are fighting for the same small pool of houses.

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Housing Wire

JULY 29, 2024

That implies a continued slow down for home sales in the second half of the year — fewer buyers and fewer sellers, too. I wonder whether the 2024 housing market is beyond saving? housing market at the end of July 2024. Inventory is up in every state, and several states have more unsold inventory now than in 2019.

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Housing Wire

JUNE 20, 2024

On the sell side, agents say that low mortgage rates from a purchase or refinance transaction in late 2020 or early 2021 are keeping many potential sellers in their home. “A As of June 14, the state had a 90-day average of 10,393 single-family active listings on the market. I think people really got used to the lower interest rates.

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Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above.

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Housing Wire

DECEMBER 16, 2024

As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Almost every market in the country has more homes available now than at the end of 2023. Ten states have more inventory unsold than in 2019, which was the last sort of normal year before the pandemic.

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Housing Wire

JANUARY 16, 2023

The weekly data shows some good news for the housing market ! With mortgage rates also falling, I am hopeful that more people will list their homes and buy another, so we can get back to a more functional housing market. This is good news for the housing market. NAR total inventory data is currently at 1.14

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Housing Wire

JANUARY 28, 2022

home sellers made a pretty penny in 2021, with the nationwide realized profit growing by 45% year-over-year, according to a new analysis published by real estate data vendor ATTOM this week. For comparison sake, in 2019 a home seller’s realized profit averaged out to about $55,000, the report said.

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Housing Wire

SEPTEMBER 12, 2024

Attractive properties in hot markets are still selling quickly, but some metros — or neighborhoods within them — have flipped further in favor of buyers.“ 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. 29 to Oct.

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Housing Wire

JULY 17, 2024

A newly released episode of the Real Estate Insiders Unfiltered Podcast explores the future state of buyer and seller relationships in the housing market after the National Association of Realtors ‘ (NAR) business practice changes take effect Aug. Zorn explained how he would approach a seller in the new market.

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Housing Wire

MAY 4, 2023

On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. All major housing market metrics point to a restrained housing market. The number of new listings coming on the market this spring is lower than it has been in more than a decade.

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Housing Wire

FEBRUARY 21, 2023

Last June, the Federal Reserve said it wanted a housing reset , which meant it wanted higher mortgage rates to destroy the housing market. Today, the Federal Reserve achieved its primary goal; the days on the market are now above 30 days, which was the most important data line to get housing back to somewhat normal.

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Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

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Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. However, we are noticeably down from the 2019 levels.

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Housing Wire

OCTOBER 7, 2024

Mortgage rates bounced back up over the last couple days, and it demonstrates how fragile this housing market recovery could be. Even the withdrawal rate of frustrated home sellers declined over the last month. Texas has 44% more homes on the market that last year and 24% more unsold homes on the market now than in 2019.

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Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Traditionally, we do see housing inventory fall in the month of December, however, we clearly saw in the second half of 2022 that higher rates created more days on the market and inventory was lingering longer. That’s a big one-week change.

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Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housing market in the second half of 2022? over asking price. High octane stuff.

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Housing Wire

DECEMBER 12, 2024

Institutional sellers at distressed property auctions have gradually lowered pricing over the last six months as rising retail inventory and stubbornly high mortgage rates act as twin headwinds for buyers purchasing at these auctions. The after-repair value is the estimated full market value of a property in fully repaired condition.

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Housing Wire

JULY 15, 2024

If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. Good inflation data came in last week, the bond market rallied and mortgage rates took a notable dip below 7% for the first time in months. If so, how should we expect the housing market to react?

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Housing Wire

DECEMBER 19, 2024

Known for its rural communities, quaint towns, scenic lakes and mountain vistas, New Hampshire is probably not where you would expect to find one of the nations hottest housing markets but the data says otherwise. 18, with a market action index score of 55.77.

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Housing Wire

JUNE 21, 2022

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. Because housing is shelter, people don’t sell their homes to be homeless; it’s where they live. We should all be rooting for more inventory to end this madness.

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Housing Wire

JULY 29, 2024

Warmer summer weather has brought cooler housing market conditions to Montana. The market right now just feels like it’s a bit lukewarm,” said Brian Huskey , a Billings, Montana-based ERA American Real Estate agent. This was the slowest June we’ve seen in many years in our market,” Durham, a luxury-focused agent, said.

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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 29, 2021

A bullish housing market. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been. The excellent.

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Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. As a result, the local housing market is going to be subdued in 2023, especially in the first half of the year.

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Housing Wire

JUNE 28, 2022

This data line lags the current housing market as it’s a few months old. Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. million, the housing market can be sane again, even though those levels were the historically low levels of inventory going back to 1982.

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Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. Current housing Inventory is still not suitable for a healthy housing market. but now U.S.

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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. In 2024, she is optimistic that sellers will sell and more buyers will come to the market, as there is a big pent-up demand. Indianapolis is more affordable than much of the country. Things will pick up in the next week or two.”

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Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. million in January of 2019. Have higher rates worked?

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Housing Wire

APRIL 26, 2024

My advice to sellers is to price your home fairly,” Chen Zhao, economic research lead at Redfin, said in a statement. Even though sellers are getting top dollar at the moment, they should price competitively to attract buyers from the start and avoid having to drop their price as stubbornly high mortgage rates eat into buying budgets.

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Housing Wire

MAY 3, 2022

HousingWire: How are existing home sales trends and inventory affecting the housing market right now? Logan Mohtashami: Existing home sales look about right to me this year; this was the pre 5% housing market. million in January of 2019. Rates went lower in 2019, and sales rebounded toward the end of the year.

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Housing Wire

MARCH 7, 2024

Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. more than at other times of the year, equating to an additional $7,700 on the typical U.S.

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Appraisal Buzz

JUNE 14, 2024

There have only been two months in the last decade with fewer home sales: October 2023, when mortgage rates reached a 23-year high, and May 2020, when the pandemic brought the housing market to a halt and home sales to an all-time low. The average home for sale in May lasted 32 days on the market. Ongoing U.S. year-over-year.

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