Appraisal Buzz

OCTOBER 11, 2024

“Let’s not mistake correlation for causation,” said researcher and Deputy Chief Economist for First American Financial Corporation Odeta Kushi , who publishes quarterly analyses of housing market data and trends. A housing recession does not necessarily kick things off.”

Housing Market 418

Housing Market Marketing Construction Real Estate 418

Appraisal Buzz

DECEMBER 30, 2024

If youre thinking about buying or selling a house and wondering about the housing market, youre not the only one. The real estate market has seen a lot of unusual trends in the past couple of years, so it makes sense that youd want the latest market update before you make any major decisions! Is It a Buyers Market?

Housing Market 363

Housing Market Marketing Inventory Real Estate 363

Housing Wire

DECEMBER 16, 2024

The COVID-19 pandemic turned a number of nontraditional cities into housing market hotspots. While some of those markets have since seen a reversal of fortunes, 2025 may bring a few more surprises. Locked-in mortgages have been widely credited with cutting off housing inventory.

Housing Market 392

Housing Market Marketing Inventory Realtors 392

Housing Wire

JANUARY 2, 2024

This implies that there are more than enough buyers at these prices and these mortgage rates to keep activity happening in housing. While a robust housing market is generally a positive thing, this is not all good news to every person. Inventory ends higher The year finished with 513,000 single-family homes on the market.

Housing Market 530

Housing Market Marketing Inventory Contracts 530

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. Last week, we returned close to recent lows.

Housing Market 465

Housing Market Mortgage Inventory Marketing 465

Housing Wire

APRIL 27, 2024

Here’s the new listings data for last week over the last several years: 2024: 70,665 2023: 63,236 2022: 72,009 Price-cut percentage In an average year, one-third of all homes take a price cut — this is standard housing activity. 2022: 19.2% When mortgage rates increase, demand falls and the price-cut percentage grows.

Inventory 510

Inventory Housing Market Marketing New Listings 510

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 416

Housing Market Marketing Inventory Sellers 416

Appraisal Buzz

DECEMBER 16, 2024

As Baby Boomers age out of their homes, will it help create enough inventory to boost the housing market? As per a recent report from Zillow , it all depends on the specific housing market. In 2022, there were roughly 20.9 Thats compared to the 8.1 Among the 50 largest U.S. Louis (19%) and New Orleans (18%).

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Housing Market Marketing Inventory Appraisal 370

Housing Wire

DECEMBER 21, 2024

Relatively cheap housing, low taxes, looser COVID-19 restrictions and an influx of major employers turned Texas housing markets into hotspots after the pandemic began in March 2020. The year-over-year median price change in baby San Jose turned negative at the end of 2022.

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Housing Market Inventory Marketing Technology 393

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?

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Housing Market New Listings Marketing Mortgage 486

Housing Wire

JUNE 20, 2024

That was down from 49,473 active single-family listings in June 2019, and only slightly better than the all-time low of 9,570 active single-family listings set in late April 2022, according to data from Altos Research. Despite the state’s tight inventory, the housing market is not as hot as one might expect.

Housing Market 406

Housing Market Agents Marketing Inventory 406

Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. Compared to the record rent growth in 2022, the market for apartment tenants was comparatively favorable this year. As 2025 draws near, mortgage rates are once again in the news. Pets deserve homes too!

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Housing Market Tenants Marketing Mortgage 396

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. Rates spiked in the autumn of 2022.

Housing Market 438

Housing Market Marketing Mortgage Contracts 438

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.

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Inventory Construction Mortgage Buyers 479

Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. From March 2020 to July 2022, the median home price rose 23% before hitting a brief lull. 25 statewide in 2023 transaction volume.

Housing Market 374

Housing Market Marketing Sellers Buyers 374

Housing Wire

MARCH 16, 2024

Here’s the weekly new listing data for last week over several previous years: 2024: 59,542 2023: 41,415 2022: 54,542 For some historical context, new listing data this week in 2010 was 306,020. But as someone who didn’t buy the mortgage rate lockdown premise that inventory can’t grow with higher rates, this year is a good test case.

Housing Market 450

Housing Market Inventory Marketing New Listings 450

Housing Wire

JANUARY 29, 2024

Read on to learn more about what Doug Duncan – Fannie Mae’s senior vice president and chief economist — and Mark Palim – Fannie Mae’s vice president and deputy chief economist – had to say about the housing market, the Fed’s interest rate cut timeline and their views on overcapacity in the industry. How close are we from being done?

Housing Market 481

Housing Market Marketing Mortgage Investors 481

Housing Wire

AUGUST 14, 2024

The loss of population has softened housing demand, as has the rapid rise in mortgage rates that began in the spring of 2022. Altos Research’s Market Action Index exposes how dramatically the dynamic has changed between buyers and sellers over the last couple years. year over year.

Buyers 410

Buyers Housing Market Marketing Sellers 410

Housing Wire

DECEMBER 19, 2024

Known for its rural communities, quaint towns, scenic lakes and mountain vistas, New Hampshire is probably not where you would expect to find one of the nations hottest housing markets but the data says otherwise. 18, with a market action index score of 55.77.

Housing Market 363

Housing Market Marketing Inventory Clients 363

Housing Wire

JANUARY 13, 2025

While the current focus is rightfully on containing the blazes and protecting residents, its worth taking stock of where housing markets stand in the affected parts of the Los Angeles metro area. Data from Altos Research shows an area with expensive housing, rising inventory and conditions that lean favorable to sellers.

Housing Market 285

Housing Market Marketing Sellers New Listings 285

Housing Wire

DECEMBER 12, 2024

Register today to attend the Housing Economic Summit in Dallas, on Feb. The summit is designed to give you a comprehensive understanding of the economic factors driving the housing market in 2025 and what it all means for your business. 26, 2025 and hear Daren Blomquist in person.

Housing Market 333

Housing Market Retail Marketing Sellers 333

Appraisal Buzz

NOVEMBER 7, 2024

pushing the measure of consumer confidence to its highest level since February 2022 and significantly higher than the all-time low recorded two years ago. The post Consumers Feeling Better About Housing Market Despite High Home Prices first appeared on The MortgagePoint. points in October to 74.6,

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Housing Market Marketing Mortgage Finance 370

Housing Wire

JANUARY 7, 2025

housing market. For mortgage rates to go lower, we need to focus on the labor market, which has been critical to every economic cycle in recent history, and particularly the labor market for residential construction and remodeling, Mohtashami wrote. That was up 2 basis points (bps) from a week ago.

Housing Market 316

Housing Market Mortgage Marketing Inventory 316

Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

Inventory 499

Inventory New Listings Housing Market Mortgage 499

Housing Wire

DECEMBER 19, 2024

The COVID-19 pandemic turned previously sleepy cities into boomtowns.Expanded or permanent work-from-home policies gave people more flexibility in where to live, and those in uber-expensive markets like San Francisco and Manhattan took advantage by moving to areas where they could get more space for less money. Migration data from the U.S.

Inventory 462

Inventory Valuation Housing Market Marketing 462

Housing Wire

APRIL 18, 2024

Supply being near all-time lows is one thing, but existing home sales aren’t crashing like they did in 2022. The supply and demand equilibrium changed after November 2022, and that itself has kept prices rising even with existing home sales still trending at the lowest levels ever for the third calender year. million in March.

Inventory 493

Inventory Housing Market New Listings Buyers 493

Housing Wire

NOVEMBER 22, 2024

housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. in Q1 2022, when investors were taking advantage of low mortgage rates. As the U.S. Investors purchased $38.8 Now there’s a middle ground. Miami saw a 19.4%

Investors 421

Investors Real Estate HOA Housing Market 421

Housing Wire

JANUARY 25, 2024

This is one reason I raised my fifth recession red flag for Housing on June 16, 2022 as I saw that higher mortgage rates would impact new home sales and housing permits. 9, 2022, not only helped the housing market build more homes, but it also boosted the U.S. Now, on to the report. percent (±24.2

Construction 507

Construction Housing Market Inventory Marketing 507

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.

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New Listings Inventory Contracts Housing Market 498

Housing Wire

AUGUST 4, 2024

Weekly housing inventory data The best story in 2024 has been inventory growth. We can’t have a functional housing market with the inventory levels we saw from 2020-2023. This year we’ve gotten enough inventory growth to create a buffer so we don’t have another savagely unhealthy housing market when mortgage rates fall.

Mortgage 498

Mortgage Inventory New Listings Housing Market 498

Housing Wire

MARCH 23, 2024

As we can see in the chart below, the 10-year yield and mortgage rates have made a massive move higher since 2022. However, whenever the 10-year yield falls with duration, as we saw toward the end of 2022 and into 2023, it sends mortgage rates lower, and we can grow sales from these record-low levels.

Mortgage 514

Mortgage Inventory New Listings Housing Market 514

Housing Wire

JANUARY 2, 2025

The labor market is getting softer but hasnt broken yet, as it has before every recession post World War II. In late 2022, global markets faced turmoil and economic indicators suggested a weakening economy, leading the 10-year yield to drop to around 3.37% before rebounding.

Mortgage 462

Mortgage Construction Housing Market Marketing 462

Housing Wire

NOVEMBER 5, 2024

The COVID-19 pandemic impacted the housing market like no event since the 2008 financial crisis, but some of the trends induced by the pandemic are starting to reverse. Between 2017 and 2021, rural areas and small towns had remarkably consistent shares of the home purchase market at about 13% and 22%, respectively.

Realtors 429

Realtors Housing Market Construction Real Estate 429

Housing Wire

FEBRUARY 7, 2024

in 2022, but is in line with the pre-pandemic rate of 3.9% No states posted a year-over-year decline, a first since late 2022. The resilient job market continues to buoy mortgage demand, although the inventory of homes for sale remains slim. year over year in December, according to CoreLogic ’s Home Price Index.

Inventory 477

Inventory Housing Market Mortgage Marketing 477

Housing Wire

JULY 10, 2024

The important message in the mortgage data is that even as the economy perhaps finally slows and even as mortgage rates stay higher for longer than anyone expected, the housing market remains buoyed by an incredible cushion of very strong borrowers. Let’s take a look at what we know about American mortgages right now.

Inventory 533

Inventory Housing Market Mortgage Marketing 533

Housing Wire

MARCH 2, 2024

Most home sellers are buyers of homes, so the action we are seeing this year is a healthy step in the right direction to get more balance in the housing market. 2023: 31% 2022: 17.2 % Mortgage rates and the 10-year yield The 10-year yield is the key for housing in 2024.

Inventory 534

Inventory Mortgage New Listings Housing Market 534

Housing Wire

DECEMBER 19, 2023

Many say housing leads the economy into a recession, which has been the case for decades since higher rates tend to put the U.S. However, the housing market dynamics changed on Nov. 9, 2022 , positively impacting new home sales. percent)* above the November 2022 rate of 1,427,000. economy into a recession.

Construction 487

Construction Housing Market Investors Marketing 487