Remove 2020 Remove New Listings Remove Realtors
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The mortgage rate lock-in didn’t start in 2022

Housing Wire

After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. We see the same pattern in the new listings rate each week.

Mortgage 426
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Buyers are struggling to compete in the white-hot Cincinnati market

Housing Wire

There is no way you can stay on top of things unless you hire someone to watch new listings pop up every 10 minutes. While DeRoussel’s experience sounds exactly like many of the stories that emerged from the pandemic-fueled homebuying frenzy of 2020 and 2021, this happened just a few weeks ago in early April 2024.

Buyers 432
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Indiana markets are indicative of the Midwest regional housing boom

Housing Wire

Indianapolis-area Realtor Annie Caruso, a founding member of Circle Real Estate, had a buyer coming from the Chicago area for just these reasons. Markets in Indiana could see a burst of new activity because of mortgage rates. That’s led to a rise in new listings in Indianapolis as more homeowners are putting their houses on the market.

Marketing 421
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Pending home sales surged in December: NAR

Housing Wire

month over month in December, according to the newest data from the National Association of Realtors (NAR). It was the largest monthly jump in pending home sales since 2020. But new listings activity grew by 9.1% Pending home sales rose 8.3% NAR’s Pending Home Sales Index (PHSI) increased to 77.3 in November.

Contracts 481
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Lower mortgage rates are bringing more borrowers out of the woodwork

Housing Wire

“This rate gap has kept some homeowners from listing their home for sale. Inventory has already started increasing and new listing activity should continue to grow this fall,“ she added. The National Association of Realtors (NAR) reported last week that pending sales declined by 8.5% at the end of the year.“

Mortgage 481
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‘Combative’ Portland housing market is having post-pandemic growing pains

Housing Wire

From March 2020 to July 2022, the median home price rose 23% before hitting a brief lull. But a year later, it was up by 32% compared to March 2020, according to data from Altos Research. 25 statewide in 2023 transaction volume. Altos considers a score above 30 to be indicative of a seller’s market.

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Existing home sales data shows extent of housing inflation

Housing Wire

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. We simply didn’t have enough housing products for people post 2020.

Inventory 479