Housing Wire

DECEMBER 9, 2024

Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Does the housing market start to get back to normal? The pandemic boom took off in April 2020, came to a crescendo in Q1 2022 after a two-year buying frenzy, and hit an abrupt halt in July 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

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

FEBRUARY 12, 2024

But home sellers are gradually easing back into this housing market. Any time inventory rises, you start to see housing crash hyperbole on social media. There were 66,000 new listings this week, of which 14,000 are already in contract. Sellers are coming back to this housing market.

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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.

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Housing Wire

SEPTEMBER 12, 2024

million homes on the market, buyers have the most properties to choose from since September 2020. The typical home sold in August took 20 days to go under contract, up from 18 days in July but down from 26 days in August 2019. Inventory growth has slowed, the company noted, but with about 1.18 29 to Oct.

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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.

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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.

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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.

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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.”.

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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.

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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.

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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.

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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).

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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.

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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.

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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.

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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.

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Housing Wire

JUNE 30, 2021

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

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Housing Wire

OCTOBER 16, 2020

Since 2012, the median sale price of homes in ZIP codes with a low wildfire risk has increased 101% compared to an 88% increase for homes in high-risk ZIP codes, per a Redfin analysis of the housing market and U.S. In the 12 months ending August 2020, homes in high-risk ZIP codes sold for an average of 3.9% Forest Service.

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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.

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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

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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

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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.

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Housing Wire

OCTOBER 18, 2021

Homebuilder confidence continued to rise in October despite increasing affordability issues due to rising material prices and ongoing shortages, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report released on Monday.

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Housing Wire

DECEMBER 4, 2020

CoreLogic released its final three-year housing and mortgage outlook report for the year on Thursday, and if numbers hold up, the data company predicts 2021 will maintain its unprecedented sales and record low mortgage rates as the economy continues to recover. Especially when contract interest rates for refis are below 3%.

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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.

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Housing Wire

DECEMBER 24, 2020

The housing market is poised to finish the year strong as low mortgage rates continue to fuel homebuyer demand and refinance activity,” said Sam Khater, Freddie Mac’s chief economist. According to First American’s Potential Home Sales Model, historically low rates significantly drove the housing rebound from April through October.

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Housing Wire

AUGUST 31, 2021

“While the housing market feels like it has legs that never get tired, inventory and affordability constraints are still expected to put a damper on price growth,” said CoreLogic Deputy Chief Economist Selma Hepp. from June 2020. annual growth rate logged the month prior, in May 2021. Presented by: Flueid. “We

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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.

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Housing Wire

JANUARY 19, 2021

The forecasted growth is significantly more than the revised numbers for 2020, which Fannie Mae projects will end up as a 2.7% contraction. trillion in 2020, while refinance originations could reach $2.2 trillion in 2020. Fannie Mae ‘s latest forecast projects economic growth to hit 5.3% in 2021, an increase of 0.8

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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%.

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Housing Wire

JULY 5, 2021

Contract signings rose in all regions in May compared to the prior month and one year ago. Here is what is happening: The COVID-19 shutdowns paused sales during what looked to be a solid market going into the first few months of 2020. The May 2021 Pending Home Sales Index of 114.7 is the highest reading for May since 2005.

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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

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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%.

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Housing Wire

FEBRUARY 9, 2021

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the worst economic contraction since the Great Depression. Improvements were driven by the conventional segment of the mortgage market, as lenders added ARM loans with lower credit score and higher LTV requirements,” Kan said.

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Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. Like I have often said, professional grifters have plagued the housing sector for many years and shouldn’t be looked to as fundamental economic sources of information.

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