Housing Wire

DECEMBER 4, 2023

Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housing market. It’s looking like we’ll end 2023 with higher housing inventory than this time last year. It’s looking like we’ll end 2023 with higher housing inventory than this time last year. housing market in 2024.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

Housing Wire

JANUARY 4, 2023

This article is part of our 2022 – 2023 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.

Housing Market 532

Housing Market Marketing Mortgage Contracts 532

Housing Wire

NOVEMBER 6, 2023

held up in 2023, sales volume in the housing market cratered. The industry is in a deep housing recession this year. If we get lucky with mortgage rates, though, we might just be at the bottom of the housing market recession right now. To get the weekly picture of the housing market, watch the video above.

Housing Market 516

Housing Market Marketing Inventory Contracts 516

Housing Wire

JULY 6, 2024

This is precisely what the doctor ordered for the housing market. In March of 2022, we only had 240,000 active single-family homes available for sale, leading me to call the housing market savagely unhealthy as we simply had too many people chasing too few homes.

Housing Market 476

Housing Market Mortgage Inventory Marketing 476

Housing Wire

NOVEMBER 17, 2022

For this reason, the number of housing units “under construction” is the largest ever recorded in history because they were taking so long to finish. For the builders, they have a new problem: they had homes under contract and then mortgage rates jumped in the biggest fashion ever recorded in history.

Contracts 545

Contracts Construction Supply Chain Marketing 545

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. economy, especially the mortgage and housing sector.

Housing Market 523

Housing Market Marketing Supply Chain Mortgage 523

Housing Wire

JULY 29, 2024

Any sales growth momentum in the real estate market we might have had early in the year is gone. New home sales contracts are coming in pretty consistently fewer than last year — 4.9% Our Immediate sales measure of homes that get listed, take offers and go into contract in a few days is also notably lower than last year.

Housing Market 458

Housing Market Marketing Inventory New Listings 458

Housing Wire

JULY 15, 2024

If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. Good inflation data came in last week, the bond market rallied and mortgage rates took a notable dip below 7% for the first time in months. If so, how should we expect the housing market to react?

Housing Market 497

Housing Market New Listings Marketing Mortgage 497

Housing Wire

OCTOBER 7, 2024

The purchase market is slower to respond, and the data now is still showing the positive impact of lower rates of recent weeks. Mortgage rates bounced back up over the last couple days, and it demonstrates how fragile this housing market recovery could be. This is measuring the total count of homes that are under contract now.

Housing Market 476

Housing Market Marketing Mortgage Contracts 476

Sacramento Appraisal Blog

JULY 6, 2022

A quick change in rates has led to a quick change in the housing market. UPCOMING (PUBLIC) SPEAKING GIGS: 7/15/2022 Lunch & Learn Big Market Update (sign up here)) […]. We didn’t see much difference right away in the stats, but we are finally getting some good numbers now. Let me show you what I mean.

Housing Market 470

Housing Market Marketing Contracts Buyers 470

Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. It is just a super tight housing market. All of these tactics are new to those in the Austin area Van Dyke said, but wouldn’t be surprising to those used to competitive housing markets elsewhere.

Housing Market 535

Housing Market Buyers Marketing Real Estate Agent 535

Sacramento Appraisal Blog

JULY 11, 2022

“The housing market is getting back to normal.” UPCOMING (PUBLIC) SPEAKING GIGS: 7/15/2022 Lunch & Learn Market Update (sign up (for real estate agents)) 7/20/2022 Beer & Stats at Out of Bounds (sign up (for real estate agents)) 7/26/2022 […]. Well, yes and no. Let me explain.

Housing Market 442

Housing Market Real Estate Agent Marketing Real Estate 442

Housing Wire

DECEMBER 23, 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. at the end of 2022.

Housing Market 435

Housing Market Marketing Inventory Buyers 435

Housing Wire

DECEMBER 9, 2024

Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Does the housing market start to get back to normal? That shortage reached its crisis peak in January 2022. housing market , because more sellers implies more sales can happen.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

Housing Wire

MARCH 27, 2023

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. According to Redfin’s analysis, Austin, Texas has experienced the most rapidly cooling housing market in the nation over the last year.

Housing Market 397

Housing Market Marketing Contracts Buyers 397

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%.

Inventory 476

Inventory Housing Market Marketing Mortgage 476

Housing Wire

JANUARY 9, 2023

Both pose threats to access to capital, the cost of materials and labor, and future housing values. 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.”. as of November 2022.

Housing Market 545

Housing Market Marketing Construction Development 545

Housing Wire

SEPTEMBER 19, 2023

This “higher for longer” conventional wisdom is working its way through the housing market. I was hoping by now the easy year-on-year comparisons would show more sales in Q4 than in Q4 2022 but there’s just no sign of that happening. There are 345,000 single-family homes in the contract pending stage. and imagining 5.5%

Housing Market 476

Housing Market Marketing Inventory New Listings 476

Housing Wire

APRIL 17, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. But, in 2022, as prices in the metro rose to never-before-seen levels, things started to change.

Housing Market 418

Housing Market Marketing Inventory Buyers 418

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Housing Market 448

Housing Market Marketing Contracts Finance 448

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. in 2022 but will drop to 4% in 2023. trillion in 2022 and $2.3

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

Housing Wire

OCTOBER 31, 2023

To get the weekly picture of the housing market, watch the video above. Inventory creeps up There are now 562,000 single-family homes on the housing market. This would be the first inkling of a housing market where sales could start to post year-over-year gains. Don’t have time? That’s up 1.5%

New Listings 511

New Listings Inventory Contracts Housing Market 511

Housing Wire

DECEMBER 20, 2022

The economy improved in the second quarter of 2022, but don’t fool yourself. The housing market will continue to slow down in 2023 , even though mortgage rates have declined recently. in 2022 and drop 0.5% in 2022 and drop 0.5% So what does it mean for the housing market ? . decline next year. .

Housing Market 370

Housing Market Marketing Contracts Mortgage 370

Housing Wire

JANUARY 19, 2023

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 448

Inventory Housing Market Marketing Construction 448

Housing Wire

OCTOBER 1, 2022

However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5

Realtors 418

Realtors Housing Market Marketing Buyers 418

Housing Wire

MAY 19, 2022

Fannie Mae’s Economic and Strategic Research (ESR) Group dropped its projected 2022 real GDP to 1.3%, 0.8 It sees the second quarter of growth rebounding to 1.6%, despite the economy contracting 1.4% million houses in April, down 5.1% The post Fannie Mae reduces projected 2022 GDP to 1.3% in the first quarter.

Contracts 448

Contracts Mortgage Construction Development 448

Housing Wire

DECEMBER 11, 2024

This valuable information can significantly enhance our understanding of housing economics and what is coming next. The question is: How can we harness the data to give you more confidence when talking about the housing market? We have observed that pending contracts improved when mortgage rates dropped to around 6%.

Contracts 458

Contracts Housing Market Inventory Mortgage 458

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. The Fed report shows HELOC balances nationwide stood at a total of $336 billion at yearend 2022.

Housing Market 370

Housing Market Marketing Contracts Lending 370

Housing Wire

JANUARY 27, 2023

Pending home sales ended 2022 on a positive note. Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.” “This recent low point in home sales activity is likely over,” Lawrence Yun, NAR’s chief economist, said in a statement. compared to December 2021.

Contracts 448

Contracts Realtors Mortgage Buyers 448

Housing Wire

AUGUST 14, 2023

Now, that extra little boost of demand seems to be gone from the housing market. There are about 10% fewer homes on the market now than there were in 2022 at this time. In 2022, mortgage rates climbed rapidly and inventory climbed rapidly. We measure the housing market. That’s the Altos Rule.

Housing Market 370

Housing Market Inventory Marketing Buyers 370

Appraisal Buzz

DECEMBER 27, 2021

The housing market was hotter than ever last year, with pandemic-driven demand boosting home sales to their highest level in 14 years. There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. of homes are valued lower than the contract price.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Housing Wire

APRIL 28, 2022

.” Lawrence Yun, chief economist for the NAR , said the dip in contract signings suggests “multiple offers will soon dissipate and be replaced by much calmer and normalized market conditions.”. by the fourth quarter, resulting in a 2022 mortgage rate average of 4.9%.

Housing Market 353

Housing Market Marketing Contracts Mortgage 353

Housing Wire

NOVEMBER 27, 2023

Watch the video above to get the latest housing market update from Altos Research. Inventory (finally) peaks for the year Housing inventory was down by 0.7% There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. Short on time? from last week.

New Listings 508

New Listings Contracts Inventory Housing Market 508

Housing Wire

DECEMBER 7, 2024

We also see growth in our pending contract data compared to 2022 and 2023. Let’s get into the holiday spirit with this week’s Housing Market Tracker data! Weekly pending sales The weekly pending contract data from Altos Research offers an insightful look into real-time housing demand.

New Listings 505

New Listings Inventory Contracts Housing Market 505

Housing Wire

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. ” In the Dallas district, housing outlooks worsened, with those interviewed expecting “further erosion in sales and home starts in the near term.”

Housing Market 370

Housing Market Marketing Construction Inventory 370

Housing Wire

JANUARY 13, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. 2022 marked a unique time for homebuilders. of builders showed profitability with $1 million plus contracts on average.

Marketing 493

Marketing Contracts Supply Chain Project Management 493

Housing Wire

JANUARY 29, 2024

The headline was an impressive 8% jump over December of 2022. We shared that sales growth data back in December as it was happening in the housing market. Homes in contract rises There are more homes in contract now than last year at this time. The median price of the homes in contract is just under $385,000.

Contracts 448

Contracts Inventory Housing Market Mortgage 448