Housing Wire

DECEMBER 30, 2024

There are a few markets in the South where home prices have inched down recently and every bit helps buyers but those prices have not adjusted much, and theres no sign of any major correction in the works. There are 30% fewer home sales in process than at the start of 2022 when the pandemic frenzy was still underway.

Housing Market 543

Housing Market Marketing New Listings Inventory 543

Housing Wire

APRIL 23, 2024

New home sales have been one of the brighter housing stories since the home sales crash in 2022 — as we can see in the chart below, new home sales have been able to grow since then. This is one reason why the homebuilder stocks have done so well since November of 2022.

Inventory 514

Inventory Construction Mortgage Buyers 514

Appraisal Buzz

MARCH 11, 2025

As buyers become serious about property looking before their summer vacation and the start of the new school year in the fall, search traffic usually peaks before Memorial Day. Sellers can list their house when the most buyers are seeking by focusing on late spring. Homes listed in the final two weeks of May sold for 1.6%

Sellers 393

Sellers Buyers Inventory Housing Market 393

Housing Wire

MARCH 18, 2025

New home sales arent crashing anymore New home sales peaked in October of 2020 with 1,031,000 new home sales and then in 2022 that number crashed all the way down to 519,000 by June. However, after that decline and when mortgage rates started to fall late in 2022 home sales rebounded all the way back to 741,0000.

Construction 436

Construction Inventory Housing Market Mortgage 436

Housing Wire

NOVEMBER 20, 2024

Of the surveyed pool, 42% have sold since late 2022 as rising mortgage rates cooled the post-pandemic market. home seller paid a 2.55% commission to the real estate agent hired by their buyer, down from an average of 2.62% in January. Almost two-thirds of respondents (61%) go as far as calling cash buyer companies “scams.”

Real Estate Agent 476

Real Estate Agent Real Estate Agents Sellers 476

Housing Wire

MARCH 31, 2025

Cash buyers dominate the market, accounting for 42% of home purchases. ” Population growth in Tampa has significantly rebounded with nearly 52,000 new residents in 2022-2023, up from a loss of nearly 13,000 in 2019-2020. .” Migration wave reshapes Florida economy Florida gained nearly 2.76

Insurance 448

Insurance Property Taxes Construction Transportation 448

Appraisal Buzz

OCTOBER 31, 2024

Commissions paid to real estate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17 , according to a new analysis from Redfin. Traditionally, sellers paid the buyer’s agent commission as well as their own agent’s commission.

Real Estate Agent 386

Real Estate Agent Real Estate Agents Sellers 386

Housing Wire

NOVEMBER 22, 2024

Investors are finding a balance after several years of whiplash: They bought up homes at a frenzied pace in 2021 and the beginning of 2022, then quickly backed off when the housing market slowed as mortgage rates rose,” Redfin senior economist Sheharyar Bokhari said in a statement. Investors purchased $38.8 Now there’s a middle ground.

Investors 488

Investors Real Estate HOA Housing Market 488

Housing Wire

JULY 23, 2024

Record-high home prices and elevated mortgage rates are prompting buyers to back out of home purchase agreements at elevated levels. Redfin ’s newest housing market report shows that buyers backed out of 56,000 purchase agreements in June, which constitutes 14.9% This share also breached 16% in October 2022 and October 2023.

Buyers 459

Buyers HOA Property Taxes Inspection 459

Housing Wire

NOVEMBER 13, 2024

“We’re excited to introduce a new level of service for second-home buyers and their agents,” Karlinski, a Compass agent in Aspen, Colorado , said in a statement. A report from Compass found that in 2022 alone, 10 U.S. markets saw homes priced at $10 million or more sell for the first time.

Agents 370

Agents Marketing Luxury Properties Real Estate 370

Housing Wire

NOVEMBER 4, 2024

Newly released data from the annual profile of home buyers and sellers by the National Association of Realtors (NAR) shows just how dramatically this trend has manifested since the financial crisis of 2008. While the median age of buyers gradually increased over the course of two decades, the COVID-19 pandemic sped it up.

Real Estate Agent 345

Real Estate Agent Buyers Sellers Realtors 345

Appraisal Buzz

NOVEMBER 1, 2024

at the beginning of 2022 and 30.5% year-over-year, in part because to builders’ efforts to attract buyers with incentives including cash toward closing costs and mortgage-rate buydowns. in Q2 of 2022. in Q1 of 2022. in Q1 of 2022. in Q1 of 2022. “A That is lower than the record-high 34.4% a year ago.

Construction 370

Construction Inventory Real Estate Agent Agents 370

Appraisal Buzz

MARCH 17, 2025

The conventional index reached its highest level since June 2022, Kan said. The post Rise in Mortgage Credit Availability Offers Buyers More Options first appeared on The MortgagePoint. The post Rise in Mortgage Credit Availability Offers Buyers More Options appeared first on Appraisal Buzz. To read the full report, click here.

Buyers 221

Buyers Mortgage Government Lending 221

Housing Wire

JANUARY 27, 2025

In 2022, it was the end of the post-pandemic boom and buyers were rushing to get a home before mortgage rates climbed, so there was steep price appreciation in the first half of the year. But by June, prices peaked for the year while remaining below the June 2022 peak. More sellers means more selection for buyers.

Inventory 396

Inventory Sellers New Listings Contracts 396

Housing Wire

AUGUST 26, 2024

year over year in July to reach their highest level since October 2022. year over year to its highest level since October 2022. Not only do you have young families and investors looking at starter homes, you also have buyers who have been forced to consider less-expensive options due to near-record home prices.

Buyers 448

Buyers Inventory Marketing Contracts 448

Housing Wire

NOVEMBER 26, 2024

The numbers represent the slowest pace of new-home sales since November 2022, when the seasonally adjusted annual rate was 596,000. The post-pandemic low point occurred in July 2022, when the rate fell to 519,000. decline compared to September and a 9.4% decline year over year. The median sale price of a new home hit $437,300, a 4.7%

Inventory 448

Inventory Sellers Development Mortgage 448

Housing Wire

JANUARY 9, 2025

On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. In contrast, during the pandemic, the median-price peak jumped from $279,000 in 2019 to $319,000 in 2021 before falling to $310,000 in 2022. Data from Altos Research supports Feinsteins observations. as of Jan. a year ago.

Housing Market 418

Housing Market Inventory Marketing Sellers 418

Housing Wire

JULY 22, 2024

We’re rebounding inventory after the holiday, so it’s not that much of a surprise, and it’s less of a jump than what was happening at this time in 2022. will be significant enough move in rates to move the needle for buyers. It’s notable here that we’re about to cross over with the 2022 line. Freddie Mac reported rates at 6.8%.

Buyers 488

Buyers Inventory New Listings Sellers 488

Housing Wire

MARCH 27, 2025

For all of 2024, buyers put down an average of $29,900, or 14.4% “As inventory recovers, the housing market is very slowly tilting toward more balance between buyers and sellers. ” How can buyers afford to put more down? . ” How can buyers afford to put more down? Down payments were 3.4

Buyers 248

Buyers Inventory Housing Market Government 248

Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” There is no doubt that buyers will experience several highs and lows during the course of the year. Zillow predicts 4.3

Housing Market 396

Housing Market Tenants Marketing Mortgage 396

Housing Wire

OCTOBER 31, 2024

Real estate wire fraud—a scam in which a buyer is tricked into wiring funds to a fraudster—has surged as home prices have risen. FBI data shows that scams in real estate deals have skyrocketed over the last 10 years from under $9 million in losses in 2015 to $446 million in 2022.

Real Estate 476

Real Estate Government Tools Buyers 476

Housing Wire

SEPTEMBER 5, 2024

in 2022, according to HUD. Because FHA accepts lower credit scores , higher debt-to-income ratios and lower down payments than most conventional mortgages, first-time buyers have relied on them due to the ongoing affordability challenges in today’s housing market from elevated prices and mortgage rates. of the U.S.

Buyers 476

Buyers Real Estate Agent Inspection Real Estate 476

Housing Wire

FEBRUARY 24, 2025

There are obviously fewer buyers who can afford these prices. In 2024, we saw a notable increase in buyer demand when mortgage rates got close to 6%. It happened in 2022 and you can see it in this chart here. In 2022, thats the green line here. 2024 had the opposite pattern from 2022 at the end of the year.

Inventory 495

Inventory New Listings Sellers Contracts 495

Housing Wire

FEBRUARY 20, 2025

In contrast, first-time buyers accounted for only 44% of the market, down from 50% in 2023. The share rebounded to 55% in 2022 and reached a record 63% in 2023, outpacing other racial groups and the broader housing market. These factors disproportionately impact lower-income households and Black buyers in particular, Zillow said.

Housing Market 364

Housing Market Buyers Law Lending 364

Housing Wire

MAY 14, 2024

“Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said. Nationwide, the share of buyers who are first-time buyers has risen in recent months. Nationwide, the share of buyers who are first-time buyers has risen in recent months.

Buyers 448

Buyers Inventory Landlords Real Estate 448

Appraisal Buzz

NOVEMBER 4, 2024

housing market is split into two groups: first-time buyers struggling to enter the market and current homeowners buying with cash,” said Jessica Lautz, NAR Deputy Chief Economist and VP of Research. First-time buyers decreased to 24% of the market share (32% last year). For first-time buyers, this number jumps to 64%.

Real Estate Agent 370

Real Estate Agent Buyers Sellers Real Estate 370

Housing Wire

OCTOBER 29, 2024

According to Bright MLS, it’s the slowest annual gain in 2024 thus far and the first monthly decline since December 2022. Economists pointed to lower mortgage rates as the reason for slower growth.

Mortgage 487

Mortgage Sellers Buyers Housing Market 487

Housing Wire

MARCH 31, 2025

That pace slowed dramatically in 2022 and turned negative in January 2023. In 2022, we could see very specific, very rapid moments of home prices dropping. Ive highlighted those in the green line here from 2022. Home prices actually dropped in June and again in September 2022. A crash is not underway. Stay tuned for that.

New Listings 472

New Listings Inventory Housing Market Sellers 472

Housing Wire

FEBRUARY 3, 2025

The company’s newest National Housing Market Outlook shows that buyers are gravitating toward government-backed loans in their search for affordability. As a result, more buyers are turning to products like Federal Housing Administration (FHA) loans, which accounted for 24% of primary home purchases in 2024, and U.S.

Government 431

Government Loan Officers Buyers Finance 431

Housing Wire

APRIL 10, 2024

Perhaps the most striking detail gleaned from a HousingWire analysis of millions of single-family purchase mortgages is how much more homebuyers had to pay in 2023 compared to 2022. The rapid run-up in mortgage rates after years of low rates was a shock to buyers and a disincentive for prospective sellers to list their homes.

Buyers 468

Buyers Mortgage Brokerage Inventory 468

Appraisal Buzz

FEBRUARY 26, 2025

The median sales price increased in January to the highest level since 2022, as more high-end homes were sold, Kushi says. The good news for potential first-time home buyers is the share of new homes sold below $300,000 remains higher than last years level of 14 percent.

Construction 414

Construction Buyers Appraisal Mortgage 414

Housing Wire

APRIL 9, 2025

The settlement eliminated the ability of listing agents to advertise commissions in the MLS, instead shifting compensation negotiations from agent and seller to seller and buyer. Only 27% plan to pay the buyers agent commission, a practice that was nearly universal before 2024.

Sellers 417

Sellers Agents Real Estate Agent Real Estate 417

Housing Wire

OCTOBER 28, 2024

Sales are coming in a little better each week compared to last year and 2022. Compare that to the price curves of either of the last two years — fourth quarter in 2023 and especially 2022. In other words, buyers are showing their willingness to buy at these current prices. The big change in rates was 2022.

Inventory 476

Inventory New Listings Sellers Contracts 476

Appraisal Buzz

FEBRUARY 25, 2025

As inflation continues to impact the wallet of Americans, potential home buyers are being impacted as well. The amount of money homebuyers are putting down is higher than a year ago mainly because home prices are up: A higher price means buyers typically make a bigger deposit. homebuyers down payment was 16.3% The median U.S.

Buyers 377

Buyers Renovations Mortgage Housing Market 377

Housing Wire

DECEMBER 16, 2024

These are mortgages secured before mortgage rates began to rise sharply in 2022. Homeowners who might want to move are reluctant to give up their existing mortgage rates, particularly pandemic buyers who purchased at rates near 3%. Locked-in mortgages have been widely credited with cutting off housing inventory.

Housing Market 418

Housing Market Marketing Inventory Realtors 418

Appraisal Buzz

NOVEMBER 21, 2024

New homes are an attractive alternative for many buyers as existing inventory is still tight in many markets around the country and a newly constructed home provides additional customization options. The average loan size picked up to almost $410,000, the highest in the survey since August 2022.

Mortgage 370

Mortgage Buyers Contracts Construction 370

Housing Wire

JANUARY 22, 2025

While stubbornly high mortgage rates are keeping a lid on buyer demand and home value growth, and a response from builders has kept multifamily rent growth stable for many months, rents for detached single-family homes continue to accelerate. Meanwhile, apartment rents averaged $1,812 per month in December, up 2.4% year over year and 26.2%

Inventory 448

Inventory Home Value Housing Market Buyers 448