Housing Wire

APRIL 7, 2021

Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. There might even more intensity this year, since 2020’s spring homebuying season was limited by virus-related lockdowns,” Duncan said.

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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. Home sales.

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Housing Market Marketing Inventory Sellers 546

Housing Wire

MAY 21, 2021

Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.). .” from a year ago.

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Housing Market Marketing New Listings Mortgage 540

Housing Wire

SEPTEMBER 17, 2021

Despite several indicators of a slowing housing market, prospective home buyers should not get too excited – inventory remains limited and changes are in line with the traditional seasonal slowdown, according to RE/MAX ’s August national housing report. increase in median home sale price from August 2020.

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Housing Market Marketing Inventory Buyers 511

Housing Wire

DECEMBER 2, 2020

As 2020 comes to an end, realtor.com ’s economists believe that the housing inventory shortage won’t be as dire in 2021. Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said.

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Housing Market Marketing Inventory Buyers 528

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 479

Housing Wire

FEBRUARY 8, 2021

Following two months of steady declines, Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, rose in January. The post Fannie Mae reports rising confidence in housing market appeared first on HousingWire. The HSPI rose 3.7

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Housing Market Marketing Mortgage Design 545

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.

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Appraisal Buzz

SEPTEMBER 5, 2024

With the total number of homes on the market at its greatest point since May 2020 and interest rates about to start declining, buyers will have more options this autumn. The Realtor.com August Housing Trends Report shows that the number of homes actively for sale increased by 35.8% decrease from the previous year. “In

Sellers 397

Sellers Housing Market Buyers Marketing 397

Housing Wire

DECEMBER 29, 2021

A bullish housing market. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. economy continue to recover from the lows of April of 2020, but the 2021 economic data shows it has been one of the hottest years in many decades. What a year 2021 has been.

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Housing Market Marketing Construction Mortgage 534

Housing Wire

OCTOBER 5, 2021

home sellers received four or more offers on their home in 2021, according to Zillow’s latest consumer housing trends report. Typical sellers received two offers, which is the same as the past three years. Overall, sellers were typically white (72%) and selling in suburban areas (51%) in the South (41%).

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Sellers Inspection Buyers Finance 545

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

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

JUNE 21, 2022

Total housing inventory has collapsed to all-time lows since 2020 and because this happened during the years 2020-2024, it created forced bidding and drove prices well above my 23% five-year home-price growth model in just two years. NAR Research : The median existing-home price for all housing types in May was $407,600, up 14.8%

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Housing Market Marketing Inventory Mortgage 540

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. Weekly inventory change : (Dec.15-22)

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Housing Market Marketing Inventory New Listings 538

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. economy, especially the mortgage and housing sector.

Housing Market 523

Housing Market Marketing Supply Chain Mortgage 523

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? Supply growth could also come from more sellers, such as investors or distressed borrowers unloading. more sellers than the same week a year ago.

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Housing Market Marketing Inventory Sellers 418

Housing Wire

DECEMBER 3, 2020

Even prior to the pandemic , housing inventory had hit record lows, and the problem has only gotten worse as demand continues to rise. Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market.

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Inventory Housing Market Marketing New Listings 546

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 28, 2022

home sellers made a pretty penny in 2021, with the nationwide realized profit growing by 45% year-over-year, according to a new analysis published by real estate data vendor ATTOM this week. For comparison sake, in 2019 a home seller’s realized profit averaged out to about $55,000, the report said.

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Sellers Investing Investors Housing Market 459

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. Housing recession. national home price decline.

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Housing Market Marketing Inventory New Listings 543

Housing Wire

JANUARY 10, 2023

of home sellers gave concessions to homebuyers in Q4 of 2022, through money for repairs and mortgage-rate buydowns. This represents the highest increase of any three-month period since July 2020 when Redfin started tracking this data. In Q3 of 2022 and Q4 of 2021, sellers gave concessions in 30% of home sales.

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Sellers Real Estate Agent Buyers Mortgage 482

Housing Wire

FEBRUARY 21, 2023

Last June, the Federal Reserve said it wanted a housing reset , which meant it wanted higher mortgage rates to destroy the housing market. Today, the Federal Reserve achieved its primary goal; the days on the market are now above 30 days, which was the most important data line to get housing back to somewhat normal.

Housing Market 435

Housing Market Marketing Inventory Sellers 435

Housing Wire

JUNE 24, 2024

Sellers can just wait it out, and it looks like the U.S. housing market is seeing that now. I think it’s worth examining if sellers will indeed just wait it out now. The big takeaway is that we’ll have more inventory than 2020 starting in July. The pace of sellers has plateaued for the year. The western U.S.

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Inventory Sellers New Listings Property Taxes 458

Housing Wire

JUNE 28, 2022

This data line lags the current housing market as it’s a few months old. Since the summer of 2020, I have talked about how to cool down home sales: we need the 10-year yield to break over 1.94%. Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. The 20-City Composite posted a 21.2%

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Housing Market Marketing Inventory Investors 482

Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. Have higher rates worked? Some data to consider: 1.

Housing Market 511

Housing Market Marketing Mortgage Inventory 511

Housing Wire

JANUARY 4, 2021

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum. A buyer’s market in 2021?

Housing Market 546

Housing Market Marketing Buyers Real Estate Agent 546

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 Market Marketing Inventory Buyers 435

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

DECEMBER 30, 2020

While the United States may not have been prepared to combat a deadly virus, a quick and robust response from the Federal Reserve , along with changing consumer preferences, created a perfect storm that resulted in a record year for the housing and mortgage industries. Quite the opposite. Quite the opposite.

Mortgage 545

Mortgage Investors Housing Market Marketing 545

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 529

Housing Market Marketing Real Estate Agent Real Estate 529

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 Market Buyers Agents Marketing 468

Housing Wire

MAY 2, 2023

The housing market functions differently than other markets because it can be characterized as a heterogeneous, thinly traded, illiquid market. In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. The result is fewer sales.

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Housing Market Marketing Sellers Inventory 418

Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. As a result, the local housing market is going to be subdued in 2023, especially in the first half of the year. Fewer homeowners opted to sell.

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Housing Market Marketing Inventory Sellers 459

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. year over year.

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Buyers Housing Market Marketing Sellers 468

Housing Wire

OCTOBER 10, 2022

Despite continued home price appreciation and a volatile mortgage rate environment that has resulted in the least affordable housing market in decades, there remains a minority of consumers who still feel that now is a good time to buy a home. The housing market index fell 1.2 points in September to 60.8,

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Housing Market Marketing Real Estate Agent Real Estate 418

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 Market Agents Marketing Inventory 448