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. That is how fast things changed — a by-product of a sector where the prices of homes were getting out of control after 2020. Housing inventory. Home sales.

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Housing Market Marketing Inventory Sellers 546

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. So where does all that drama leave us for 2023? Mortgage rates.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

NOVEMBER 22, 2024

housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. a year earlier and the lowest share since the end of 2020. in neighboring Fort Lauderdale, indicating growing apprehension for the Florida housing market.

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Investors Real Estate HOA Housing Market 488

Housing Wire

APRIL 23, 2023

Can we now say that the housing market ‘s spring selling season is finally underway? Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. months shows how far we are from 2008 housing economics.

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Inventory Housing Market Marketing New Listings 545

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. million in May. million).

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Housing Market Marketing Inventory Law 526

Housing Wire

DECEMBER 7, 2022

Now, with five weeks of data in front of us, we can say they have stabilized the market. Since the summer of 2020, I have believed the housing market could change in terms of cooling down, but it would require the 10-year yield to break over 1.94%. The question then was: What would lower mortgage rates do to this data?

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Housing Market Mortgage Marketing Inventory 544

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 Market Marketing Inventory Mortgage 539

Housing Wire

DECEMBER 23, 2023

housing market and that they need to be pro-housing again. Even with all the drama we have dealt with in 2022-2023, the housing market stayed intact and never broke. However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. 1, 2024.

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Housing Market Marketing Inventory New Listings 538

Housing Wire

FEBRUARY 5, 2025

However, if home prices hadn’t skyrocketed alongside mortgage rates , we would have more younger homebuyers entering the market and we would have a slightly higher homeownership rate than todays 65.7% My housing economic model started in 2010 and I separated my work into two different timelines. in Q2 of 2016.

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Buyers Housing Market Marketing Mortgage 460

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 Market Marketing Inventory New Listings 516

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 Market Marketing Construction Real Estate 418

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

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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Inventory Housing Market Marketing New Listings 542

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. However, even with that, the labor market, while getting softer, hasn’t broken yet.

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Inventory Housing Market Marketing New Listings 525

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 Market Marketing Real Estate Agent Real Estate 529

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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Inventory Housing Market Marketing Mortgage 516

Appraisal Buzz

DECEMBER 5, 2024

The recent surge in immigration to the United States has ignited discussions about its potential effects on the housing market, particularly concerning housing costs. Senior Research Analyst Riordan Frost from the Harvard Joint Center for Housing Studies, recently took a deeper dive into the impact of immigration on the U.S.

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Construction Housing Market Marketing Buyers 418

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. Buyers think it’s a buyer’s market. Sellers think it’s a seller’s market. 25 statewide in 2023 transaction volume.

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Housing Market Marketing Sellers Buyers 478

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

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. Here is a look at last year’s seasonal housing inventory increase using the NAR data.

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Inventory Housing Market Marketing New Listings 513

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. Altos considers anything above a Market Action Index score of 30 to be a seller’s market.

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Housing Market Marketing Real Estate Agent Inventory 446

Housing Wire

DECEMBER 19, 2024

And that number includes a huge caveat as June 2020 was at the height of the COVID-19 pandemic lockdowns. The jump in sales gives the market momentum heading into 2025, which is expected to outperform 2024. The existing-home sales report comes as major real estate companies are releasing their forecasts for the 2025 housing market.

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Inventory Realtors Housing Market Real Estate 459

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 Market Marketing Insurance Buyers 459

Housing Wire

MARCH 17, 2025

Fluctuating interest rates have been a feature of the housing market over the last three years. Our 2025 housing market predictions are based on the assumption that lower mortgage rates will spur demand and boost the number of homes sales transactions. As mortgage rates rose, homebuyer demand slowed and inventory grew.

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Inventory New Listings Housing Market Sellers 422

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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Inventory Housing Market Marketing New Listings 505

Housing Wire

OCTOBER 21, 2024

In a housing market shaped by uncertainty, military veterans and service members are emerging as some of the most confident and prepared homebuyers, outpacing their civilian counterparts. This was driven by optimism about the housing market and economy. This marks a shift from last year when civilians were more bullish.

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Finance Housing Market Buyers Mortgage 476

Appraisal Buzz

OCTOBER 23, 2024

Just waiting for the market to correct and find balance,” wrote one Auction.com buyer, in response to a survey regarding the impact of market conditions on bidding and purchasing behavior at auction. The remaining 45% claimed that their inclination to purchase was unaffected by market conditions.

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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. Again, agents attribute the cooler market to interest rates.

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Housing Market Agents Marketing Inventory 448

Housing Wire

JUNE 11, 2023

I did a podcast on why I believe this is happening post-2020 when it wasn’t normal in the past. Here are the number of new listings for this week over the last several years for perspective: 2021: 79,827 2022: 86,625 2023: 63,583 After 2010, housing inventory can grow in the U.S., First, it took the longest time in U.S.

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Inventory Housing Market Marketing New Listings 523

Housing Wire

MARCH 31, 2025

In August, the median monthly rent in Miami was $2,944 a 42% jump since 2020. Homeowners now spend 35% to 45% of their income on housing costs, far above the recommended 28% threshold, Cotality explained. Cash buyers dominate the market, accounting for 42% of home purchases.

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Insurance Property Taxes Construction Transportation 430

Housing Wire

FEBRUARY 25, 2025

annually since 2020 , led by markets in Florida, North Carolina, Southern California, and Arizona. Home prices stalled during the second half of the year with markets in the West dropping the fastest. San Francisco , the lowest-performing major market since 2020, saw prices drop by 4.5% Home prices were up 3.9%

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Housing Market New Listings Inventory Sellers 366

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. 18, with a market action index score of 55.77.

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Housing Wire

AUGUST 14, 2024

Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. The deal is indicative of how details matter in a market like Denver where home-price growth has slowed dramatically after a surge in post-pandemic migration to the metro area caused valuations to rise sharply in a short period of time.

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Buyers Housing Market Marketing Sellers 468

Housing Wire

NOVEMBER 5, 2024

The COVID-19 pandemic impacted the housing market like no event since the 2008 financial crisis, but some of the trends induced by the pandemic are starting to reverse. Between 2017 and 2021, rural areas and small towns had remarkably consistent shares of the home purchase market at about 13% and 22%, respectively.

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Realtors Housing Market Construction Real Estate 468

Housing Wire

DECEMBER 18, 2024

They say housing leads the economy in and out of a recession. Currently, housing starts are back at the levels seen during the COVID-19 recession in 2020. The key points of this report indicate that the Federal Reserve has overlooked the housing market for years. We will soon find out.

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Construction Modernization Mortgage Housing Market 510

Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. Both pose threats to access to capital, the cost of materials and labor, and future housing values.

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Housing Market Marketing Construction Development 545

Housing Wire

MARCH 18, 2025

But in a turbulent housing market , it may have been this innovation that ultimately ended Redfin’s run as a standalone company. They still have to bear the cost of those agents, despite production not being there in a terrible housing market.” Redfin leaned into that, and it didn’t work.”

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Brokerage Agents Housing Market Realty 377