Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

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Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We being outbound. “We

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Housing Wire

SEPTEMBER 5, 2024

It was the 10th straight month of annualized growth and for-sale inventory is now at its highest level since May 2020. This dovetails with recent pending sales data from the National Association of Realtors. less than the average August from 2017 to 2019. And Redfin data shows that pending sales dropped 8.4%

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Housing Wire

NOVEMBER 22, 2024

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. That’s a factor too of higher inventory.” “Apartment rents have dropped by nearly 15% in two years, which is warp speed for the housing market.

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Housing Wire

JANUARY 14, 2025

Solares joins Compass from her most recent role as senior vice president of sales at Douglas Elliman , where she oversaw $2 billion in high-end inventory. The Louisiana Tech University graduate was recognized as 2019 Education Volunteer of the Year by Florida Realtors , among other accolades.

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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 We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings. In comparison, the average U.S.

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Housing Wire

AUGUST 21, 2020

million, the National Association of Realtors said in a report on Friday. One sour note was a shortage of inventory that has plagued the market since 2019. Unsold inventory sits at a 3.1-month month figure recorded in July 2019, he said. Unsold inventory sits at a 3.1-month The median price increased 8.5%

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Housing Wire

NOVEMBER 19, 2020

million, according to a report from the National Association of Realtors on Thursday. At the end of October, housing inventory totaled 1.42 from October 2019. Housing inventory is now at a record low of 2.5 Existing home sales grew for the fifth consecutive month in October, up 4.3% million units, down 2.7%

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Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

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Housing Wire

JANUARY 22, 2021

Today the National Association of Realtors reported existing home sales for the month of December were at 6,760,000, a beat of estimates. increase from the same month in 2019. Also covered in the NAR report was housing inventory. Inventory is at all-time lows of 1.9

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Housing Wire

JULY 13, 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

JULY 20, 2021

In 2018-2019, total housing market 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 and 1.92 million to 5.61 million to 5.61

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Housing Wire

AUGUST 12, 2020

A new quarterly report from the National Association of Realtors revealed that median single-family home prices rose year over year in 96% of its measured markets in the second quarter. Historically low inventory continues to reinforce and even increase prices in some areas.”. lower than total inventory at the end of Q2 2019.

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Housing Wire

FEBRUARY 22, 2024

from December to a seasonally adjusted annual rate of 4 million in January, according to a report from the National Association of Realtors (NAR). In fact, by the end of January, for-sale housing inventory was at 1.01 While inventory is less depleted, it remains well below the pre-pandemic level of January 2019.

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Housing Wire

SEPTEMBER 17, 2021

The report attributes this decrease to the normal seasonal slowdown, causing the shortage of inventory to slow as well. 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.

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Housing Wire

APRIL 23, 2021

A National Association of Realtors’ report from 2020’s end found the highest volume of home sales since 2006. But the NAR reported this week that home sales in March fell for the second month in a row as inventory plunged and home prices climbed to record levels. But with a third of U.S.

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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 Also, we are starting the year with fresh new all-time lows in inventory.

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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 gain compared with 2019. The seasonally-adjusted index measuring signed contracts was up 15.5% That would bring the full-year total to 5.4

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Housing Wire

JUNE 10, 2024

The salary needed to buy a starter home, for instance, has nearly doubled since the start of 2019, according to data from Redfin. Meanwhile, inventory levels remain at historic lows that contribute to a severe lack of affordability across the country. Other factors are keeping millennials on the sidelines.

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Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. For the first time since November 2022, pending home sales fell in March, posting a 5.2%

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Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

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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 Total Inventory data fell in this report from 1.31 It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52 I am a big fan of inventory to 2019 levels. Unsold inventory sits at a 3.2-month

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Housing Wire

OCTOBER 28, 2021

“It’s worth noting that there will be less inventory until the end of the year compared to the summer months, which happens nearly every year.”. Yun expects inventory levels to pick up again in 2022 and that buyers who have temporarily paused their search will return to the market in the new year. Presented by: Auction.com.

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Housing Wire

SEPTEMBER 30, 2024

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 According to Lisa Comito, the president of Greater Bergen Realtors and a broker at Howard Hanna Rand Realty. in early May to 47.88 as of Sept. As of Sept.

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Appraisal Buzz

DECEMBER 30, 2024

A new report from the National Association of Realtors (NAR) has found that pending home sales gained 2.2% Consumers appeared to have recalibrated expectations regarding mortgage rates and are taking advantage of more available inventory, said NAR Chief Economist Lawrence Yun. regions, with the West leading the pack. in November.

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Housing Wire

MAY 10, 2022

As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers.

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Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened.

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Housing Wire

SEPTEMBER 3, 2024

Inventory has already started increasing and new listing activity should continue to grow this fall,“ she added. Prospective buyers are still being stymied by an overall lack of for-sale inventory in many areas of the country. The National Association of Realtors (NAR) reported last week that pending sales declined by 8.5%

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Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. In November of 2019 the number of single-family homes for sale was at 6,000. The real estate market As of Jan. 19, down from 54.79% on Nov.

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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

JUNE 22, 2021

million, the National Association of Realtors reported on Tuesday. “Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” said Lawrence Yun, NAR’s chief economist. Unsold inventory sits at a 2.5-month

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Inventory Buyers Realtors Housing Market 448

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. million in January 2019.

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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. There is] a lot of upsizing right now,” Stewart said. “I

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Housing Market Marketing Inventory Realty 468

Housing Wire

MAY 14, 2024

In March, first-time buyers were responsible for 32% of sales, up from 26% in February and 28% a year prior, according to data from the National Association of Realtors. In addition to making buyers more prudent in their purchases, local real estate professionals also say interest rates are to blame for the area’s lack of inventory.

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Housing Wire

SEPTEMBER 13, 2021

This limited inventory and strong demand is reflected in the 14% increase of the median home-sale price to $358,250, with the median asking price of newly listed homes at $353,500. 5 had a price drop, which is the highest level of price drops per week since October 2019.

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Housing Wire

MAY 25, 2023

After falling for the first time since November 2022 in March , pending home sales remained unchanged in April, according to data released Thursday by the National Association of Realtors (NAR). Not all buying interests are being completed due to limited inventory ,” Lawrence Yun , the chief economist of NAR, said in a statement.

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Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. Inventory is always seasonal. Today inventory levels are at 1.02

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