Housing Wire

DECEMBER 30, 2024

NAR’s Pending Homes Sales Index (PHSI) report is a forward-looking source that predicts home sales based on contract signings. “Despite higher mortgage rates in November and persistent affordability challengers, buyers took advantage of more inventory as pending home sales reached the highest level in nearly two years.

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Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. What’s happening with inventory? Normally by this point in September, available inventory is declining slightly each week.

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Housing Wire

JUNE 17, 2021

Overall, the MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 741,000 units in May 2021. “Since reaching a survey-high 927,000 units in October 2020, the annual pace of new home sales has now fallen around 20 percent, weighed down by low housing inventory and rising prices,” said Kan.

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Housing Wire

MARCH 26, 2023

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In a regular market, they would be closer to 5.25%. million.

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Inventory Housing Market Marketing Mortgage 476

Housing Wire

JANUARY 8, 2021

The country was paralyzed amid the current health crisis and many borrowers and sellers alike are frightened to enter purchase contracts and move forward with transactions already in progress. The post 2021 means new challenges for mortgage lending appeared first on HousingWire.

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Housing Wire

MARCH 6, 2025

Will inventory levels skyrocket as federal workers leave? Weekly housing inventory ramps up What do we see in the data on housing inventory levels in the D.C. Weekly housing inventory ramps up What do we see in the data on housing inventory levels in the D.C. But inventory remains well below historical averages.

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Inventory New Listings Government Housing Market 298

Housing Wire

APRIL 23, 2021

While 2021 likely won’t approach the record breaking tizzy of 2020, the housing market will continue to flourish on the strength of the purchase market, according to economists at the Mortgage Bankers Association. How outsourcing gives lenders an advantage in 2021’s purchase market. “February of 2021, that had grown to $3.7

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Marketing Housing Market Inventory Mortgage 488

Housing Wire

AUGUST 7, 2023

As a result, the available inventory of homes for sale is slightly higher each week. With fewer transactions, inventory is building just a bit as we approach the end of the summer. When will inventory peak for the year? Inventory Inventory is still climbing just a bit each week as we approach the end of the season.

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Housing Wire

JANUARY 19, 2023

compared to 2021, according to a report released Thursday by U.S. Builders watched inventories rise as buyers canceled contracts and new orders dried up. from December 2021. As the housing market slowed from its frenzied peak in 2022 due to soaring mortgage rates, homebuilders pulled back. Census Bureau and the U.S.

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Housing Wire

SEPTEMBER 29, 2022

An index of 100 is equal to the level of contract activity in 2001. The direction of mortgage rates – upward or downward – is the prime mover for home buying, and decade-high rates have deeply cut into contract signings,” Lawrence Yun, NAR’s chief economist, said in a statement. “If Presented by: Evocalize. All four major U.S.

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Contracts Realtors Inventory Marketing 418

Housing Wire

APRIL 14, 2021

from the week ending April 2, with rising mortgage rates and low inventory contributing to the slowdown and leading to a decline in purchase mortgage activity, said Joel Kan, MBA’s associate vice president of economic and industry forecasting. It’s the sixth consecutive week of falling mortgage applications. Applications were down 3.7%

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Housing Wire

JUNE 2, 2021

Mortgage applications dropped for the second straight week , this time down 4% for the week ending May 28, 2021, according the Mortgage Bankers Association ‘s weekly mortgage applications survey. This week’s data was compared to mortgage applications from the week of Memorial Day in 2020.

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Mortgage Contracts Inventory Construction 543

Housing Wire

FEBRUARY 8, 2025

Weekly pending sales The latest weekly pending contract data from Altos Research offers valuable insights into current trends in housing demand. Inventory is making a strong effort to recover after the challenges of the past five years, even with record-low sales. Weekly inventory change (Jan. Weekly inventory change (Jan.

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Mortgage Inventory New Listings Contracts 490

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. in 2022.

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Housing Wire

APRIL 28, 2021

decrease in applications in its latest report for the week ending April 23, 2021. Mortgage applications decreased despite mortgage rates falling for the third week in a row, indicating high prices and low inventory, said Joel Kan, MBA associate vice president of economic and industry forecasting.

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Mortgage Contracts Inventory Marketing 488

Housing Wire

SEPTEMBER 13, 2021

Still, the 69,563 homes that went into contract represented a 9% decrease from the high point set in May 2021. from 55% in early July 2021, according to Redfin. from 55% in early July 2021, according to Redfin. Also noted as seasonally typical is the 16% decline in new home listings from the 2021 peak in June.

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Housing Wire

JULY 14, 2021

After several consecutive weeks of drops, mortgage applications jumped 16% for the week ending July 9, 2021, according to the latest report from the Mortgage Bankers Association. “We continue to see ebbs and flows as housing demand remains strong, but for-sale inventory remains low,” he said. from 61.6% the previous week.

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Mortgage Contracts Inventory Investors 521

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. its highest level since January 2021. Increased inventory of homes for sale, near historic low mortgage rates and favorable demographics means more housing demand, ” Odeta Kushi, the First American deputy chief economist said in a statement. lower than the same time last year.

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Housing Wire

MARCH 31, 2021

The 30-year fixed rate also dropped, reported at 3.33% after seven weeks of increases – but it’s still almost half a percentage point higher than the beginning of 2021. Record-low inventory is pushing home-price growth at double the rate from a year ago, and even above the 10% growth rates seen in 2005,” Kan said.

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Housing Wire

DECEMBER 4, 2020

CoreLogic released its final three-year housing and mortgage outlook report for the year on Thursday, and if numbers hold up, the data company predicts 2021 will maintain its unprecedented sales and record low mortgage rates as the economy continues to recover. Especially when contract interest rates for refis are below 3%.

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Mortgage Contracts Construction Inventory 518

Housing Wire

MAY 22, 2024

So, it was necessary to highlight that for this report because our fresh current inventory data paints a different picture. Looking ahead, price growth will cool down in the second half of 2024 because of increased inventory and more homes taking a price cut before selling. from the previous year ($385,800). All four U.S.

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Inventory New Listings Housing Market Contracts 514

Housing Wire

MAY 12, 2021

for the week ending May 7, 2021, according to the most recent report from the Mortgage Bankers Association. After weeks of decreases , mortgage applications rose 2.1% Aiding the jump in mortgage applications was another sub-3% week of mortgage rates , which fell officially to 2.96%. The refinance share of activity increased to 61.3%

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Mortgage Contracts Inventory Marketing 468

Housing Wire

MAY 5, 2021

from the previous week, according to the latest report from the Mortgage Bankers Association for the week ending April 30, 2021. This is a sign that the competitive purchase market, driven by low housing inventory and high demand, is pushing prices higher and weighing down on activity. Mortgage applications dropped again , falling 0.9%

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Mortgage Contracts Government Inventory 448

Housing Wire

JULY 21, 2021

“That’s the lowest level since January 2021.” “ Limited inventory and higher prices are keeping some prospective homebuyers out of the market,” Kan said. “ Limited inventory and higher prices are keeping some prospective homebuyers out of the market,” Kan said. from 64.1%

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Mortgage Marketing Contracts Inventory 476

Housing Wire

SEPTEMBER 25, 2024

Inventory is still building. This week, available inventory of unsold homes rose again across the country, in almost every state. Home prices jump The median price of the homes that went into contract this week jumped to $389,900. It’s the second week in a row with an uptick in the price of the homes going into contract.

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Inventory New Listings Sellers Contracts 467

Housing Wire

FEBRUARY 12, 2024

Each week — for several months now — inventory levels of unsold homes on the market has been expanding compared to last year. Even as inventory declined this week, it’s relatively growing compared to a year ago. This week, inventory fell by half a percent. 14,000 of those new listings are already in contract.

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Sellers Housing Market Buyers New Listings 467

Housing Wire

MARCH 24, 2021

Inadequate housing inventory continues to put upward pressure on home prices,” Kan said. The dip in applications is linked to broader trends in the housing market: more than a year of low inventory is forcing interested buyers to snag whatever they can get their hands on, even if it’s overpriced.

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Mortgage Contracts Inventory Buyers 497

Housing Wire

FEBRUARY 3, 2021

“Average purchase loan amounts in early 2021 continue to rise across all loan types, driven by a strong pace of home sales, tight housing inventory and high home- price growth.” ” The FHA share of total mortgage applications decreased to 9.1% the week prior. The VA share of total mortgage applications decreased to 12.1%

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Mortgage Contracts Government Inventory 459

Housing Wire

FEBRUARY 17, 2021

The housing market in early 2021 continues to be constrained by low inventory and higher prices. The average contract interest rate for 5/1 ARMs decreased to 2.83% from 2.92%. The average contract interest rate for 5/1 ARMs decreased to 2.83% from 2.92%.

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Mortgage Contracts Government Inventory 468

Housing Wire

MARCH 10, 2021

The 30-year fixed mortgage rate climbed to 3.26% last week, which is the highest since last July and up 40 basis points since the start of 2021.”. Climbing rates are combining with low inventory and high home prices to keep mortgage applications low, Kan said. The VA share of total mortgage applications decreased to 11.1% from 12.3%

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Mortgage Contracts Government Inventory 448

Housing Wire

JUNE 23, 2021

for the week ending June 18, 2021, per the latest report from the Mortgage Bankers Association. With inventory tight, the slowdown in demand has yet to impact prices, meaning the summer will likely remain a strong seller’s market.”. For the second week in a row, mortgage applications increased — this time, up 2.1% the previous week.

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Mortgage Contracts Construction Government 454

Housing Wire

NOVEMBER 30, 2020

However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% Realtors cited a combination of high demand and low inventory, which are making conditions more competitive and exerting upward pressure on prices. pending home sales fell 1.1% compared to a year ago. Presented by: Fannie Mae.

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Inventory Realtors Contracts Development 535

Housing Wire

SEPTEMBER 22, 2022

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. That was a huge red flag, hence all the statements in 2021 about unhealthy housing. . From NAR Research : “Total existing-home sales notched a minor contraction of 0.4%

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Inventory Housing Market New Listings Mortgage 482

Housing Wire

FEBRUARY 28, 2022

regions, only the West registered an increase in month-over-month contract activity. My premise was that the pending home sales data should moderate from the surge in make-up demand we saw in 2020 and then spill over into the first two months of 2021. Of the four major U.S. Last year, I had a similar theme with pending home sales.

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Inventory Housing Market Realtors Marketing 435

Housing Wire

OCTOBER 20, 2022

regions experiencing month over month contractions. million in September 2021. In contrast, the average rate in 2021 was 2.96%. increase year over year compared to September 2021, when the median home price was $355,100. in May 2021. Housing inventory also decreased last month, but just slightly, dropping from 1.25

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Inventory Contracts Mortgage Realtors 418

Housing Wire

DECEMBER 10, 2021

At this moment, about 25% of properties are going into contract essentially immediately every week (around 20,000 of them within hours or days of listing) — even as supply and transaction volume declines through the end of the year. Low inventory will continue to be a major issue. That being said, keep an eye on rising interest rates.

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Housing Market Marketing Inventory Sellers 543

Housing Wire

MAY 11, 2021

the biggest increase in luxury-home sales in the first quarter of 2021 was Miami, with sales up 101.1% The consequences of low inventory finally caught up with the broader housing market in February, with tightened supply largely responsible for a 10.6% When looking at the largest markets in the U.S., from a year earlier.

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Mortgage Inventory Contracts Buyers 476