Housing Wire

JUNE 22, 2023

The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Nothing good happens in the housing market when the days on market are at a teenager level or lower.

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Appraisal Buzz

OCTOBER 11, 2024

“Let’s not mistake correlation for causation,” said researcher and Deputy Chief Economist for First American Financial Corporation Odeta Kushi , who publishes quarterly analyses of housing market data and trends. A housing recession does not necessarily kick things off.”

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Housing Wire

JANUARY 23, 2023

Here’s the housing market rundown for the last week: Purchase application data had a solid week-to-week gain of 25%. Housing inventory decreased by 566 units, which is not a significant decline. Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important.

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Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. year over year, and nearly identical to the 2,492 homes sold in February 2020 prior to the COVID-19 pandemic. recorded in mid-February 2020.

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Housing Wire

DECEMBER 16, 2024

Zillow also reported that, after a tumultuous five years, many measures of the housing market are trending closer to historic norms. Notably, while the flow of new listings to the market is still nearly 14% lower than it was before the COVID-19 pandemic, its much improved to compared to the deficit of 25% in March 2024.

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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

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. This is why the days on the market are so low historically after 2020.

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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

FEBRUARY 23, 2024

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb.

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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

FEBRUARY 13, 2023

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. Weekly housing inventory continues to decline, as we saw a decrease of 13,238 units, double the amount we had this time last year. From 2014 to 2016, housing inventory bottomed out in January.

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Housing Wire

OCTOBER 24, 2024

Weaker demand from the local community developers buying at auction suggests continued weakness in the retail housing market into early 2025 given that those local community developers are anticipating retail market conditions about six months into the future,” Daren Blomquist, vice president of market economics at Auction.com, said in a statement.

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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

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. Since 2020, the seasonal inventory bump has happened later than usual — not until March or April. Traditionally after May, volumes will fall; this hasn’t been the case post-2020.

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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. Weekly inventory change (Feb. million to reach 2019 levels.

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Housing Wire

JULY 19, 2022

The June housing starts data beat estimates with positive revisions, however, this doesn’t change the housing market recession call that I made last month. However, we can all agree that the housing market materially changed in March once the 10-year yield broke over 1.94% with duration.

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Housing Wire

SEPTEMBER 6, 2024

To that end, Veterans United Home Loans conducted a study to find which housing markets are best for current and former military members in these two generations. It concluded that the most favorable markets are on the East Coast and in the Midwest. The city that topped the list is Tampa. and the quality of life score ranks No.

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Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. From March 2020 to July 2022, the median home price rose 23% before hitting a brief lull. 25 statewide in 2023 transaction volume.

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Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Let’s dive into the trend lines of the housing market. The show-me part of the housing market starts with this bounce from an extreme bottom. Weekly inventory change (Jan.

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Housing Wire

JANUARY 30, 2023

Here’s the housing market rundown for the last week: Purchase application data showed positive weekly growth again — and the bounce from the bottom is more noticeable now. Housing inventory decreased by 6,468 units, a more pronounced decline from the previous week. housing market. Weekly inventory change (Jan.

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Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. The week ahead We have some big things happening in housing market data this week!

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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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Appraisal Buzz

AUGUST 19, 2024

Meanwhile, pending sales – a more current gauge of demand that includes both existing and newly-constructed homes – fell to the lowest level of any month on record aside from April 2020, when the pandemic brought the housing market to a halt. They declined 2.9% from a month earlier and 5.8% year over year in July.

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Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At You aren’t getting that, but there is still a lot of competitive bidding.”

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Housing Wire

MARCH 29, 2024

It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. From 2020 until the middle of 2022, the Austin metro area was turning heads for its massive influx of homebuyers and its exponential home price growth.

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Housing Wire

DECEMBER 28, 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. months nationally.

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Housing Wire

MAY 7, 2023

The NAR data going back decades shows how difficult it has been to get back to anything normal on the active listing side since 2020. Even though the labor market is currently showing signs of getting softer , there is no job-loss recession yet. Mortgage rates in a regular market should be 5.25% today but are at 6.5%.

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Housing Wire

MARCH 1, 2024

23, 2024, the 90-day average for single family listings in the state was 9,927, down from 14,314 single family listings in late February 2020. “It Statewide, as inventory has dwindled over the past four years, the median list price has understandably risen, jumping from a 90-day average of $198,900 in late-February 2020 to $294,900 as of Feb.

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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 Despite the state’s tight inventory, the housing market is not as hot as one might expect.

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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. Sellers are coming back to this housing market. That’s the most since 2020 — before the pandemic. They essentially bypass the active market.

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Housing Wire

JANUARY 6, 2023

Despite several rate hikes throughout the second half of 2022, the labor market finished the year strong. And that could spell trouble for the housing market in 2023 as the Federal Reserve looks to bring inflation down through aggressive interest rate hikes. Very strong, according to the latest jobs report.

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Housing Wire

AUGUST 14, 2024

Since the beginning of the COVID-19 pandemic, Denver has been one of the hottest markets in the country having absorbed considerable inbound migration from California, New York, Texas, and Chicago, among other areas. According to data from CoreLogic, Denver’s average price per square foot has risen 35% since 2020.

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Appraisal Buzz

MAY 31, 2024

The state of the nation in rentals Realtor.com reports that April 2024 marked the ninth year-over-year rent decline for apartments observed since the metric began being tracked in 2020. The post Graduating Into the Housing Market first appeared on The MortgagePoint. The report found asking rents dropping by 0.7%

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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. New listings, meanwhile, grew slightly on a monthly and yearly basis but were 21% lower than the same month in 2019. Inventory growth has slowed, the company noted, but with about 1.18

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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.

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Housing Wire

JUNE 4, 2023

9, 2020, we have had 17 positive and 10 negative prints. Over these last three weeks, the cumulative decline was -3.93%. For the year, we are at a wash: after making some holiday adjustments, we have had 10 positive prints versus 10 negative prints. Since Nov.

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Housing Wire

JANUARY 29, 2024

Read on to learn more about what Doug Duncan – Fannie Mae’s senior vice president and chief economist — and Mark Palim – Fannie Mae’s vice president and deputy chief economist – had to say about the housing market, the Fed’s interest rate cut timeline and their views on overcapacity in the industry. How close are we from being done?

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