Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. This year looks similar to 2021 data, which bottomed on April 9 , so April could be the turning point.

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Housing Market Marketing Mortgage Inventory 539

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. A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above.

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Housing Market Marketing Inventory Sellers 545

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Now that we’re in 2024, the Federal Reserve ‘s rate hike cycle is over, so let’s look at what that means for housing demand and home prices. Let’s look at that dynamic.

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Housing Market Marketing New Listings Construction 527

Housing Wire

SEPTEMBER 27, 2023

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. housing market has surged by more than $2.6 After experiencing a temporary hiccup between July 2022 to January 2023, the U.S.

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Housing Market Marketing Inventory Finance 510

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

Housing Wire

APRIL 16, 2023

One thing to notice is that the new listing data in 2022 was higher than in 2021. Purchase application data Purchase application data has been one of the most improved housing market data lines since Nov. Last week initial jobless claims increased by 11,000, and the four-week moving average also rose to 240,000.

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Inventory Housing Market Marketing New Listings 522

Housing Wire

DECEMBER 7, 2022

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%. This was something that wouldn’t happen in 2020 and 2021, based on my forecast. Naturally, with those two variables in place, demand will collapse.

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Housing Market Mortgage Marketing Inventory 540

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. Again, I am a bit mindful here due to Easter. However, starting on Nov.

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Inventory Housing Market Marketing New Listings 543

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. 31, 2021-Jan. 30, 2022-Jan.

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Inventory Housing Market Marketing New Listings 520

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. Finally, the significant observation I see with the inventory data this year versus last year is that last year’s new listing data was higher than in 2021.

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Inventory Housing Market Marketing New Listings 519

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 496

Housing Wire

MAY 7, 2023

However, one thing is for sure, housing is not going to crash due to large-scale panic-selling — a scare tactic of late 2021 that didn’t work then or now. New listing data was trending at all-time lows in 2021 abd 2022 and now it’s creating a new all-time low trend in 2023. The total NAR inventory is still 980,000.

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Inventory Housing Market Marketing New Listings 503

Housing Wire

JULY 9, 2023

This is truly a savagely unhealthy housing market as we have too many people chasing too few homes. 2023: 58,813 2022: 90,336 2021: 68,328 The 10-year yield and mortgage rates Mortgage rates started the week at 7.03% and ended at 7.14%. bond market doesn’t see a job-loss recession happening soon.

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Inventory Housing Market Marketing New Listings 476

Housing Wire

JUNE 18, 2023

This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. As you can see in the chart below, the collapse of the purchase application data has stalled out, and if this didn’t happen, we would be having a different conversation about the housing market today.

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Housing Market Marketing Inventory New Listings 472

Housing Wire

APRIL 3, 2023

Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. It looks similar to 2021 data, which bottomed on April 9. So April will be very telling on the weekly housing inventory with Altos Research.

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Inventory Housing Market Marketing New Listings 491

Housing Wire

JULY 2, 2023

We have often discussed that the housing market dynamics changed starting Nov. We had new listings growth from 2021 to 2022, but that’s not the case this year. Since May 15, that trend has continued to the point that inventory in America is now negative year over year.

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Inventory Housing Market Marketing New Listings 480

Housing Wire

MAY 21, 2023

It was a wild ride for the housing market last week! However, at this time last year, we saw some new listings growth versus 2021 levels. Purchase application data The housing market shifted significantly when mortgage rates peaked late year and started to fall.

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Housing Market Marketing Inventory New Listings 495

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. This means buyers have more say now in the home-buying process.

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Housing Wire

OCTOBER 24, 2024

The company noted that the supply of properties available at auction dropped to its lowest level since Q3 2021, when the post-pandemic federal foreclosure moratorium was still active. Buyers have also been less active despite the Federal Reserve ’s 50-basis-point cut to benchmark rates last month.

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Housing Market Marketing Retail Development 471

Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. In a regular market, they would be closer to 5.25%.

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Inventory Housing Market Marketing Mortgage 469

Housing Wire

JANUARY 9, 2023

With many homebuilders feeling the impact of rising mortgage rates on new-home sales, delivering units for rent is expected to continue to become a larger segment of the overall single-family housing market.”. Single-family homebuilders, too, are looking to capitalize on the build-for-rent market, with Lennar Corp.,

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Housing Market Marketing Construction Development 545

Housing Wire

DECEMBER 28, 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 Mortgage 503

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Let’s dive into the trend lines of the housing market. The show-me part of the housing market starts with this bounce from an extreme bottom. Weekly inventory change (Jan.

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Inventory Housing Market Marketing New Listings 465

Housing Wire

MAY 14, 2023

The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. Can you imagine the housing market at that point?

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Housing Market Marketing Inventory New Listings 449

Housing Wire

JUNE 8, 2023

It’s been a brutal 15-month period for the housing market since the Federal Reserve began escalating its benchmark interest rate in March 2022 to combat rising inflation. Since then, the Fed has bumped rates 10 times, effectively putting the brakes on what had been a hot housing market. as of March 20 to 114.42

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Housing Market Marketing Investing Mortgage 461

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. We have an insurance problem,” said Charlotte Johnson , a Keller Williams agent based in Mandeville.

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Insurance Housing Market Marketing Agents 416

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 348

Housing Wire

JUNE 25, 2023

Also, we must remember that even in 2021, when we had 3% mortgage rates, new listing data was trending at all-time lows. The data shows a noticeable decline year over year, and 2021/2022 were already working from all-time lows. Nothing good is happening in housing when days on market are so low. Since Nov.

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Inventory Housing Market Marketing New Listings 435

Housing Wire

DECEMBER 20, 2024

Investor purchases at the national level peaked in June 2021 at 148,670. This is a notable change from the years immediately after the COVID-19 pandemic, when investor purchases of single-family homes exploded along with owner-occupied purchases. compared to September 2023.

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Housing Wire

SEPTEMBER 24, 2024

People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. According to data from Altos Research , the median home price jumped by almost 20% in the first seven months of the pandemic, then jumped another 11% in the first four months of 2021.

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Housing Market Marketing Property Taxes Inventory 385

Housing Wire

DECEMBER 19, 2024

million in March 2024 , and its the highest year-over-year increase since a 23% gain in June 2021. 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 397

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 406

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 426

Housing Wire

MARCH 29, 2024

It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. Looking at the number, 2023 was the lowest year in the past 28 years for sales, so it was a bit of an oddity compared to what we’d seen in the second half of 2020, all of 2021 and the first half of 2022.”

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Housing Market Agents Marketing Inventory 389

Appraisal Buzz

AUGUST 22, 2024

The number of zombie foreclosures in the United States has reached its lowest level since 2021, according to a new report from ATTOM Data, a property data provider. housing market. This figure is virtually unchanged from the previous quarter, highlighting the stability in the housing market. housing market.

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Housing Market Marketing Home Value Investors 361

Appraisal Buzz

JUNE 19, 2024

It found the loan program has withstood various market changes, accounting for as much as 11% of new home mortgages in the postwar building boom. Total VA loan volume in 1947 was more than $3 billion, compared to its $447 billion peak in 2021, according to the study.

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Housing Market Marketing Real Estate Agent Real Estate 394

Housing Wire

JUNE 4, 2023

With so few new listings and stable housing demand, it’s been hard getting much of a kick in inventory growth. Here are the number of new listings for this week over the last several years: 2021 72,643 2022 71,113 2023 55,226 With higher mortgage rates, active inventory should be growing more.

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Inventory Housing Market Marketing New Listings 434