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. recorded in July 2022. a year prior and the 51.72 million in mid-April to $2.9 million in mid-July.

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Housing Market Marketing Real Estate Agent Inventory 445

Housing Wire

DECEMBER 21, 2024

Federal Reserve Chairman Jerome Powell played the Grinch last week for the housing market, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. Weekly pending sales The latest weekly pending contract data from Altos Research offers an exciting glimpse into the real-time dynamics of housing demand.

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Housing Market Marketing Inventory New Listings 284

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.

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Housing Market Marketing Sellers Buyers 477

Housing Wire

JULY 29, 2024

I wonder whether the 2024 housing market is beyond saving? housing market at the end of July 2024. Inventory is slightly up since last week There are 677,000 single-family houses unsold on the market right now, plus another 180,000 condos. They’re doing pre-marketing. It dropped after July that year.

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Housing Market Marketing Inventory New Listings 456

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

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.

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Housing Market Agents Marketing Inventory 448

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 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.

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Housing Market Marketing Inventory Clients 393

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.

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Housing Market Retail Marketing Sellers 366

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.

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Housing Market Marketing Mortgage Contracts 476

Housing Wire

JUNE 10, 2024

For every 50 basis point change in mortgage rates, the monthly payment for this house would change by $112.In In the 24 months beginning March 2022, the U.S. housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. million fewer home sales between March 2022 and December 2023.

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Mortgage Inventory New Listings Sellers 468

Housing Wire

MAY 15, 2024

In the 24 months beginning March 2022, the U.S. housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. million fewer home sales between March 2022 and December 2023.

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Mortgage New Listings Inventory Sellers 459

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 514

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.

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Housing Market Inventory Marketing New Listings 511

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.

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Buyers Housing Market Marketing Sellers 468

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.

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Housing Market Marketing Inventory Realtors 230

Housing Wire

APRIL 26, 2024

That figure was up 5% year over year and was only 3% below the peak price of $432,496 in May 2022. In Texas and Florida , however, key market signals show diverging trends. The national real estate brokerage found that the nationwide median sale price reached $420,357 in March 2024. Redfin reported that among the 10 U.S.

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Housing Market Marketing Insurance Sellers 467

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%

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Real Estate Investors HOA Housing Market 488

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.

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Inventory New Listings Housing Market Mortgage 521

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 221

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

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 505

Housing Wire

JUNE 20, 2024

In 2021, HousingWire published an article spotlighting Austin as one of the hottest housing markets in the country. 1 in population growth for eight straight years and The Wall Street Journal named it the hottest job market in 2019 and 2020. Contrast that with June 2022, when the average was a mere 29 days.

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Inventory Real Estate Housing Market Real Estate Agent 486

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? Since the lows of 2022, we have seen an increase in active inventory.

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Contracts Housing Market Inventory Mortgage 441

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.

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Inventory Housing Market New Listings Marketing 505

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.

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Inventory Valuation Housing Market Marketing 382

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

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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.

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Mortgage Inventory New Listings Housing Market 518

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.

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Realtors Housing Market Construction Real Estate 468

Appraisal Buzz

DECEMBER 5, 2024

The recent surge in immigration to the United States has ignited discussions about its potential effects on the housing market, particularly concerning housing costs. Senior Research Analyst Riordan Frost from the Harvard Joint Center for Housing Studies, recently took a deeper dive into the impact of immigration on the U.S.

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Construction Housing Market Marketing Buyers 418

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.

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Mortgage Inventory New Listings Housing Market 521

Housing Wire

JANUARY 6, 2024

Traditionally, one third of all homes get a price cut before they sell and when demand gets weaker, this percentage increases, which we saw in 2022 when prices were falling in the second half of the year. Weekly housing inventory data Here is a look at the first week of the year: Weekly inventory change (Dec.

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Inventory New Listings Housing Market Mortgage 542

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.

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Construction Housing Market Investors Marketing 526

Housing Wire

MARCH 27, 2024

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few. Listings jumped at both the state and city levels in 2021 and 2022.

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Brokerage Realty Real Estate Inventory 476

Housing Wire

JULY 5, 2024

I believe the Fed won’t pivot until the labor market breaks. That has been my position since 2022 and we are starting to see some early signs of them successfully attacking the U.S. labor market in the past few months, something I talked about on a recent HousingWire Daily podcast.

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Housing Wire

NOVEMBER 23, 2024

24): Inventory fell from 569,898 to 565,875 The all-time inventory bottom was in 2022 at 240,497 The inventory peak for 2024 so far is 739,434 For some context, active listings for this week in 2015 were 1,104,310 New listings data While active inventory didn’t rise, we did get a nice boost in new listings this last week.

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Mortgage Inventory New Listings Contracts 514

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.

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Inventory Housing Market Mortgage Marketing 545