Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Housing Market 398

Housing Market Marketing Inventory Buyers 398

Housing Wire

APRIL 30, 2021

But the Scottsdale housing market, and Arizona as a whole, has seen an enormous uptick in out-of-state movers in the past 14 months — when the COVID-19 pandemic began spreading across the country, ultimately allowing people to work from home and seek larger, more cost-effective lots to live on. from 2010, per a recent U.S.

Housing Market 543

Housing Market Marketing Real Estate Real Estate Agent 543

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.

Housing Market 508

Housing Market Marketing Real Estate Agent Real Estate 508

Housing Wire

SEPTEMBER 23, 2020

trillion the MBA is forecasting for 2020. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) rose to 3.1% The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $510,400) fell to 3.35% from 3.41%. from 3.07%.

Housing Market 537

Housing Market Mortgage Contracts Marketing 537

Appraisal Buzz

JULY 11, 2022

of homes that went under contract that month, according to the latest analysis from Redfin. That’s the highest percentage since March and April 2020, when the housing market all but ground to a halt due to the onset of the coronavirus pandemic. The slowdown in housing-market competition is giving homebuyers. “The

Contracts 195

Contracts Housing Market Appraisal Marketing 195

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.

Housing Market 535

Housing Market Buyers Marketing Real Estate Agent 535

Housing Wire

JANUARY 26, 2024

It was the largest monthly jump in pending home sales since 2020. For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Job additions and income growth will further help with housing affordability, but increased supply will be essential to satisfying all potential demand.” in November.

Contracts 480

Contracts Housing Market Construction Inventory 480

Housing Wire

JULY 23, 2024

Redfin ’s newest housing market report shows that buyers backed out of 56,000 purchase agreements in June, which constitutes 14.9% of homes that went under contract. In March 2020 — the first month of the COVID-19 pandemic — buyers backed out of 16.6% But it’s not the highest percentage ever. of purchase agreements.

Buyers 446

Buyers HOA Property Taxes Inspection 446

Housing Wire

JANUARY 9, 2023

“With many homebuilders feeling the impact of rising mortgage rates on new-home sales, delivering units for rent is expected to continue to become a larger segment of the overall single-family housing market.”. on an annualized basis, according to Fannie Mae , to as much as 20%, according to some market forecasts. metro areas.

Housing Market 545

Housing Market Marketing Construction Development 545

Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. A healthy housing market is considered roughly six months of supply.

Inventory 511

Inventory Contracts Housing Market Buyers 511

Housing Wire

MAY 28, 2024

Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. There are more homes on the market now than anytime since August 2020. immediate sales).

Inventory 523

Inventory New Listings Contracts Sellers 523

Housing Wire

MAY 6, 2024

The good news for the housing market is that the pace of sales is gradually improving due to the expanded supply. housing market as we roll into May 2024. Housing inventory There are now just under 600,000 single-family homes on the market. More home sellers are coming back to the market each week.

Inventory 440

Inventory Contracts Sellers New Listings 440

Housing Wire

SEPTEMBER 28, 2024

Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently. However, considering the affordability challenges with the housing market , it’s good to see a flip in the housing data without rates getting under 6%.

Mortgage 504

Mortgage Inventory New Listings Contracts 504

Housing Wire

DECEMBER 2, 2021

During the four week period ending November 28, the number of active listings was a 23% decrease compared to the same time period in 2020 and a 42% drop compared to 2019. The number of new listings was also down compared to 2020, dropping 4%, but it was 12% higher than the number of new listing during the same time period in 2019.

Inventory 516

Inventory New Listings Contracts Housing Market 516

Housing Wire

SEPTEMBER 25, 2024

housing market boomed. Here’s all the latest housing market data. Home prices jump The median price of the homes that went into contract this week jumped to $389,900. It’s the second week in a row with an uptick in the price of the homes going into contract. Since 2020, the U.S. For years, the U.S.

Inventory 398

Inventory New Listings Sellers Contracts 398

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” said Yun. Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”.

Contracts 501

Contracts Realtors New Listings Real Estate 501

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. The more moderately priced regions of the South and Midwest are experiencing stronger signing of contracts to buy, which is not surprising,” Yun said in a statement. The homebuyer trend is illustrated in Realtor.com’s latest report on the hottest housing markets in the U.S.

Contracts 404

Contracts Inventory Housing Market Marketing 404

Housing Wire

MARCH 24, 2021

Refinance activity dropped to its slowest pace since September 2020 – down a full 5% – with declines in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. . That’s coupled with a rise in mortgage rates , too.

Mortgage 495

Mortgage Contracts Inventory Government 495

Housing Wire

AUGUST 4, 2024

Weekly housing inventory data The best story in 2024 has been inventory growth. We can’t have a functional housing market with the inventory levels we saw from 2020-2023. I stress that we needed this to have a regular housing market ever again! I talked about this on CNBC recently.

Mortgage 507

Mortgage Inventory New Listings Housing Market 507

Appraisal Buzz

JULY 12, 2024

Sale prices are still at record highs and overall housing expenditures are historically high, despite the fact that mortgage rates are dropping. Now is a good time–at least compared to the recent past–for serious house hunters to get under contract on a home,” said Daryl Fairweather, Chief Economist at Redfin.

Contracts 370

Contracts Inventory Buyers Sellers 370

Housing Wire

SEPTEMBER 22, 2022

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. . With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years.

Inventory 476

Inventory Housing Market New Listings Mortgage 476

Housing Wire

SEPTEMBER 7, 2021

One year ago this month, I coined the term forbearance crash bros , an updated name for the housing bubble boys who never got their housing crash in 2020 so they moved the collapse of housing to 2021. As we are in September 2021, we can safely say the housing crash has been moved once again to next year.

Contracts 544

Contracts Housing Market Marketing 544

Housing Wire

MARCH 14, 2024

“I have buyers that are looking, but to find a house that you love enough to pay a high price for — and to be at over a 6.5% Newcomb said that interest rates and higher prices, which have risen by more than $100,000 since March 2020, according to data from Altos Research , have caused her clients to be pickier when selecting a home.

Inventory 420

Inventory Buyers Agents Real Estate 420

Housing Wire

FEBRUARY 17, 2021

Since hitting a survey low in December, the 30-year fixed rate has slowly risen, and last week climbed to its highest level since November 2020,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. On an unadjusted basis, the Market Composite Index decreased 4% compared with the previous week.

Mortgage 460

Mortgage Contracts Government Inventory 460

Housing Wire

JULY 20, 2024

We finally have six weeks of numbers that hit my housing inventory growth model perfectly in 2024. Low inventory has plagued the housing market since the pandemic, plummeting to all-time lows in March of 2022 when we only had 240,000 single-family homes available for sale. Today that number is 668,383.

Inventory 524

Inventory New Listings Contracts Mortgage 524

Housing Wire

SEPTEMBER 3, 2024

Next year, a healthier housing market will see that number climb over 70,000 per week to maybe 80,000 sellers per week. Pending home sales stay the same There were 64,000 new contracts pending this week for single-family homes. The median price of the new contracts pending this week is $387,000.

Inventory 379

Inventory New Listings Contracts Buyers 379

Housing Wire

MAY 18, 2022

In the summer of 2020, I wrote that what would cool down housing is having the 10-year yield go over 1.94%, which means 4%+ mortgage rates. While historically low, 4%-5% and higher mortgage rates have constantly cooled down housing, especially when working from a solid uptrend. From Census: Housing Completions Privately?owned

Mortgage 484

Mortgage Construction Contracts Housing Market 484

Housing Wire

MAY 3, 2022

The venture capital investment is in addition to $1 billion in separate capital commitments from investors that Point has lined up to help fund what it calls home-equity investment (HEI) contracts. “We Homeowners, in turn, get to cash out a slice of their home equity with no payments due until the contract matures.

Contracts 438

Contracts Investors Investing Market Value 438

Appraisal Buzz

AUGUST 5, 2024

During the second quarter of 2024, the demand for distressed properties at auction displayed strong performance initially but showed signs of decline in June, even as the supply of available auction properties continued to contract, according to Auction.com’s latest Auction Market Dispatch report. “The

Retail 273

Retail Renovations Inventory Contracts 273

Housing Wire

AUGUST 11, 2021

It was the highest month-to-month growth since August of 2020. increase in FHA purchase applications could mean that some homebuyers are finding opportunities to enter the housing market. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 3.06% from 3.08%.

Mortgage 418

Mortgage Contracts Inventory Housing Market 418

Housing Wire

JUNE 30, 2021

Purchase applications for conventional loans also declined to its lowest level since May 2020.

Mortgage 448

Mortgage Contracts Investors Housing Market 448

Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market. In one of the most historical years in the U.S.

Inventory 540

Inventory Housing Market New Listings Marketing 540

Housing Wire

MAY 24, 2022

A lot of the housing data was lagging the rate move, so it wasn’t apparent that higher rates impacted the data yet. Going back to the summer of 2020, the one factor that I said could change the housing market was the 10-year yield getting above 1.94%. Except now, we have had massive price gains in 2020, 2021 and 2022.

Housing Market 417

Housing Market Inventory Construction Marketing 417

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 contracts fall through during the due-diligence period because of the sticker shock on insurance costs, so that is definitely a problem.”

Insurance 411

Insurance Inventory Marketing Real Estate 411

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. The index dropped to 116.7

Inventory 448

Inventory Renovations Contracts Buyers 448

Housing Wire

FEBRUARY 28, 2022

regions, only the West registered an increase in month-over-month contract activity. My premise was that the pending home sales data should moderate from the surge in make-up demand we saw in 2020 and then spill over into the first two months of 2021. “The We ended 2020 with 5.64 Of the four major U.S. million – 6.2

Inventory 433

Inventory Housing Market Realtors Marketing 433

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. Kanacki said that when it came to seasonal buying, “we’re still riding the wave with 2020.” Now, believe it or not, fall home-buying season is in full swing.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546