Housing Wire

APRIL 22, 2021

For the second consecutive month, existing-home sales fell, according to the latest National Association of Realtors report. from March 2020 ($280,700), as prices increased in every region. The sales for March would have been measurably higher, had there been more inventory.” from February’s inventory but down 28.2%

Inventory 476

Inventory Buyers Realtors Investors 476

Housing Wire

MAY 27, 2021

Like new and existing sales, pending home sales felt the strain of exhausted home inventory in April ? according to Thursday data from the National Association of Realtors. The upper-end market is still moving sharply as inventory is more plentiful there.”. from April 2020. dropping 4.4% higher year-over-year.

Inventory 468

Inventory Realtors Contracts Marketing 468

Housing Wire

OCTOBER 8, 2021

from a year ago to $356,700, according to the National Association of Realtors. In the most recent month with data available on that follow-up question, 66% surveyed said that it was a bad time to buy a home because prices are too high, up from just 12% who said prices were too high in July 2020. Renovated Inventory to the Rescue.

Renovations 543

Renovations Inventory Marketing Property Taxes 543

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. However, I knew the years 2020-2024 would see better demand from the bump in demographics.

Inventory 493

Inventory Marketing Housing Market New Listings 493

Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 435

Inventory Housing Market Marketing Modernization 435

Housing Wire

SEPTEMBER 5, 2024

It was the 10th straight month of annualized growth and for-sale inventory is now at its highest level since May 2020. This dovetails with recent pending sales data from the National Association of Realtors. from August 2023, “indicating that the inventory of smaller and more affordable homes continues to grow in share.“

Inventory 468

Inventory Buyers Sellers Mortgage 468

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 a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings.

Insurance 448

Insurance Inventory Marketing Real Estate 448

Housing Wire

MAY 21, 2021

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. I have been saying we should expect home sales to moderate since the end of summer 2020, and that is what we see in this report. This sales trend looks very normal to me. My biggest fear for the U.S.

Housing Market 541

Housing Market Marketing Inventory Realtors 541

Housing Wire

JULY 23, 2024

I have often discussed four months of supply and active inventory between 1.52 In the previous decade, active inventory ranged between 1.52 From NAR: Total housing inventory registered at the end of June was 1.32 Unsold inventory sits at a 4.1-month million and 2.4 All four major U.S. regions posted sales declines.

Marketing 493

Marketing Inventory Housing Market Buyers 493

Housing Wire

NOVEMBER 13, 2020

Low mortgage rates and record-low housing inventory has driven home price increases throughout the year. The National Association of Realtors is saying that the median single-family home price grew year over year in all 181 metro areas it tracks. lower than the total inventory at the end of Q3 last year. In the U.S.,

Inventory 539

Inventory Realtors Buyers Development 539

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Unsold inventory sits at a 3.0-month

Inventory 518

Inventory Housing Market Marketing Realtors 518

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened.

Housing Market 540

Housing Market Marketing Inventory Mortgage 540

Housing Wire

DECEMBER 22, 2020

million, according to a report from the National Association of Realtors on Tuesday. Home sales in November took a marginal step back, but sales for all of 2020 are already on pace to surpass last year’s levels,” said Lawrence Yun, NAR’s chief economist. At the end of November, housing inventory declined yet again, totaling 1.28

Inventory 521

Inventory Housing Market Realtors Marketing 521

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.” Over the last four weeks ending on Sept.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

AUGUST 21, 2020

million, the National Association of Realtors said in a report on Friday. rate for a 30-year fixed mortgage fell to a record low of 2.88% in the first week of August, the eighth time in 2020 the weekly rate has set a record in a Freddie Mac series that goes back almost five decades. Unsold inventory sits at a 3.1-month

Inventory 546

Inventory Realtors Real Estate Housing Market 546

Housing Wire

AUGUST 23, 2021

in July from the month prior, a report published by the National Association of Realtors on Monday found. A notable development: After a year of extremely tight housing inventory , the housing market is showing signs of finally adding housing stock. The inventory of unsold homes rose by 7.3% Existing-home sales grew by 2.0%

Inventory 488

Inventory Housing Market Buyers Realtors 488

Housing Wire

NOVEMBER 30, 2020

in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices.

Inventory 535

Inventory Realtors Contracts Development 535

Housing Wire

DECEMBER 19, 2024

The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 And that number includes a huge caveat as June 2020 was at the height of the COVID-19 pandemic lockdowns. The housing industry is getting an early Christmas gift. million, a 4.8% While thats a 4.7%

Inventory 362

Inventory Realtors Housing Market Real Estate 362

Housing Wire

NOVEMBER 22, 2021

The National Association of Realtors ‘ existing home sales report for October came in at a solid beat of estimates at 6.34 A big part of my work since the end of 2020 is explaining to people that housing data was going to moderate because the make-up demand from COVID created a surge in sales that is very abnormal. million in 2020.

Inventory 539

Inventory Housing Market Investors Buyers 539

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. The real story in housing has been the price boom that we have seen since 2020.

Housing Market 528

Housing Market Marketing Inventory Realtors 528

Housing Wire

FEBRUARY 18, 2022

The National Association of Realtors reported that existing home sales for January came in as a big beat at 6.5 When you add move-up, move-down, cash and investor buyers into the mix, you will have steady replacement buyer demand from 2020-to 2024. Also, we are starting the year with fresh new all-time lows in inventory.

Inventory 501

Inventory Housing Market Buyers Investors 501

Housing Wire

AUGUST 6, 2020

mortgage rates for a 30-year fixed mortgage fell to an all-time low of 2.88% this week, the eighth time in 2020 the weekly rate has set a record in a Freddie Mac series that goes back almost five decades. In June, the inventory of homes on the market fell to a four-month supply, according to the National Association of Realtors.

Mortgage 518

Mortgage Inventory Buyers Housing Market 518

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. From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% in October.

Inventory 532

Inventory Contracts Training Investors 532

Housing Wire

JULY 13, 2021

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. In 2018-2019, total housing inventory was in the range between 1.52 in May and a peak of 74.1%

Inventory 511

Inventory Housing Market Real Estate Agent Buyers 511

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 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. Total Inventory data fell in this report from 1.31 million to 1.28

Inventory 482

Inventory Housing Market New Listings Mortgage 482

Housing Wire

MARCH 22, 2021

Rising home prices, limited inventory and the uptick in mortgage rates continued to deter some homebuyers last month as sales of existing homes fell 6.6% million, according to the National Association of Realtors. 2020, as prices rose in every region. 2020, as prices rose in every region. in the Northeast, up 14.2%

Supply Chain 448

Supply Chain Inventory Realtors Housing Market 448

Housing Wire

JUNE 22, 2021

million, the National Association of Realtors reported on Tuesday. from May 2020 ($283,500). “Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market,” said Lawrence Yun, NAR’s chief economist.

Inventory 448

Inventory Buyers Realtors Housing Market 448

Housing Wire

MAY 21, 2021

million, the National Association of Realtors reported on Friday. Despite the decline, housing demand is still strong compared to one year ago, evidenced by existing home sales from this January to April, which are up 20% compared to 2020. from April 2020 as every region recorded a price increase. from March to 5.85

Inventory 448

Inventory Buyers New Listings Marketing 448

Housing Wire

DECEMBER 18, 2020

According to the latest Central Texas Housing Report from the Austin Board of Realtors , the median sales price in the city of Austin rose 10.1% There is currently only one month’s worth of housing inventory in Austin. in November, bringing the average home price up to $433,493. Additionally, residential sales increased by 28.8%

Realtors 476

Realtors Inventory Housing Market Real Estate 476

Housing Wire

NOVEMBER 19, 2020

million, according to a report from the National Association of Realtors on Thursday. At the end of October, housing inventory totaled 1.42 Housing inventory is now at a record low of 2.5 Existing home sales grew for the fifth consecutive month in October, up 4.3% from September to a seasonally adjusted annual rate of 6.85

Inventory 545

Inventory Realtors Housing Market Marketing 545

Housing Wire

FEBRUARY 28, 2022

On Friday, the National Association of Realtors released its pending home sales data showing a third month of declines. From NAR : “Pending home sales slumped in January, continuing what is now a three-month drop in transactions, the National Association of Realtors reported. We ended 2020 with 5.64 Of the four major U.S.

Inventory 435

Inventory Housing Market Realtors Marketing 435

Housing Wire

MAY 27, 2021

In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually. Record low rates lit the fire under what was a scorching hot market in 2020 with some economists speculating rising rates may be the best option for cooling it back down.

Mortgage 488

Mortgage Inventory Housing Market Construction 488

Housing Wire

MARCH 6, 2023

With the industry cooling down slower than expected, LOs are having to work harder and get creative to overcome the double whammy of surging rates and a lack of inventory. from a year ago to $359,000 in January, marking 131 straight months of year over year increases, the National Association of Realtors (NAR) said.

Loan Officers 397

Loan Officers Inventory Real Estate Agent Buyers 397

Housing Wire

MAY 15, 2024

The National Association of Realtors , via its Seasonally Adjusted Annual Rate of Existing Home Sales series, reported that the peak home sales volume of 6.6 Available inventory of homes to buy follows a reliable seasonal trend with the low in Q1 and the high in Q3 of each year (except for the 2020 pandemic year).

Mortgage 459

Mortgage New Listings Inventory Sellers 459

Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. It’s not uncommon to hear that bids on homes are that high, according to Stacie Herrig, a Realtor with Epic Realty in Meridian, Idaho, and sometimes she can see 10 to 20 offers on a home.

Marketing 534

Marketing Realty Housing Market Realtors 534

Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.” Like elsewhere in the country, Indiana has struggled with housing inventory. According to Altos Research, as of Feb.

Housing Market 468

Housing Market Marketing Inventory Construction 468