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% However, for now, the labor market is getting softer, but not breaking.

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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.”

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Housing Wire

JANUARY 9, 2025

Despite the frequency of departures, real estate agents in the state say the housing market remains strong. On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. Statewide, the housing market has a 90-day average Altos Market Action Index score of 44.18

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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? The number of unsold homes on the market is finally getting closer to 2019 levels. But, the market change isnt evenly distributed.

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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. In the upper quarter of the market, which Altos defines as homes priced between $1.38

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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.

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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. Buyers think it’s a buyer’s market. Sellers think it’s a seller’s market. 25 statewide in 2023 transaction volume.

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Housing Wire

JULY 29, 2024

Any sales growth momentum in the real estate market we might have had early in the year is gone. I wonder whether the 2024 housing market is beyond saving? housing market at the end of July 2024. Right now, there are 40% more homes unsold on the market than last year at the end of July.

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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!

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Housing Wire

JUNE 20, 2024

As of June 14, the state had a 90-day average of 10,393 single-family active listings on the market. 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.

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Housing Wire

OCTOBER 7, 2024

Ironically, a strong employment situation in the country drives the bond market to higher rates. The purchase market is slower to respond, and the data now is still showing the positive impact of lower rates of recent weeks. The median price of all the homes on the market is now $440,000, that’s unchanged from last year.

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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

AUGUST 14, 2024

Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. The deal is indicative of how details matter in a market like Denver where home-price growth has slowed dramatically after a surge in post-pandemic migration to the metro area caused valuations to rise sharply in a short period of time.

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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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Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. As the market gradually recovers, 2025 should bring more sales and relatively moderate increases in property values. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” Zillow predicts 4.3

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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 Empty-nest households tend to be in markets that are less expensive.

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Housing Wire

MARCH 16, 2024

I can’t see the 10-year yield below 3.37% unless the labor market breaks — meaning jobless claims over 323,000 on the four-week moving average. That means I can’t see mortgage rates going below 6%, especially with the spreads being bad, until the labor market or the economy gets weaker.

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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.

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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. 18, with a market action index score of 55.77.

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Housing Wire

DECEMBER 12, 2024

The after-repair value is the estimated full market value of a property in fully repaired condition. In some cases, this capped credit bid is lower than the market-driven reserve price. Register today to attend the Housing Economic Summit in Dallas, on Feb. 26, 2025 and hear Daren Blomquist in person.

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Housing Wire

JANUARY 7, 2025

housing market. Market observers believe that the cuts will be paused when the Fed meets again at the end of January. Last week, the labor department reported a seasonally adjusted annual rate of 211,000 unemployment claims a lower-than-expected figure which signaled that the labor market isnt breaking, according to Mohtashami.

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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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Housing Wire

JULY 5, 2024

With today’s jobs report and all the reports we got during this jobs week, can we finally say the Federal Reserve is winning its war against the labor market? I believe the Fed won’t pivot until the labor market breaks. labor market in the past few months, something I talked about on a recent HousingWire Daily podcast.

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Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. housing market at the end of April 2024. Housing inventory There are now 556,000 single-family homes on the market. of the market. There’s two ways to interpret these trends. That’s up 2.4%

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Housing Wire

APRIL 3, 2024

The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), made up a combined 38% of the home purchase market last year, up from 28% in 2022, according to the 2024 Home Buyers and Sellers Generational Trends report from the National Association of Realtors (NAR).

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Housing Wire

JULY 23, 2024

Today’s existing home sales report shows that the existing home market is now almost balanced. We are very close to getting this balance nationally and in some markets we’re already there. million as a balanced market, but this equation has a second variable tied to today’s housing economics: affordability.

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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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Housing Wire

JANUARY 29, 2025

The Federal Reserve didnt raise or cut interest rates today, but the meeting highlighted something I have been emphasizing since 2022: the Fed is shaping its policy around the labor market more than inflation. However, the Fed only cut rates when they believed the labor market was softening in the second half of 2024.

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Housing Wire

JANUARY 24, 2025

Existing home sales ended the year on a positive note , which aligns with our weekly Housing Market Tracker data, but something surprising is that home prices firmed up late in the year as well. However, housing demand surged when mortgage rates fell in the early 1980s during a recession. Also, the monthly supply is 3.3

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Housing Wire

NOVEMBER 22, 2024

But the narrative is more complex in niche markets like the Texas capital of Austin. Social media posts have fueled speculation that Austin’s rental market is in freefall. Gerli told HousingWire in an emailed response that normalizing market conditions would be indicated by a slow and gradual decline in rents. by September.

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Housing Wire

FEBRUARY 7, 2025

The labor market is showing signs of softness but is not breaking down yet, which has kept mortgage rates higher for longer. Since 2022, my guiding principle has been that the labor market is more important than inflation in determining mortgage rates. Again, the theme holds: the labor market is getting softer but not breaking.

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Housing Wire

MAY 23, 2024

As the chart below shows, the housing sector generally poses a future risk to labor if the single-family permits data continues to decline. When single-family permit demand collapsed in 2022 , we still had a healthy backlog of homes that needed to be finished. While that was happening, we also had 5-unit permits expand as well.

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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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Housing Wire

NOVEMBER 4, 2024

As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. This marked the lowest market share for new homes in three years. market share, while first-quarter 2022 saw a record high of 34.4%. Census Bureau.

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Housing Wire

NOVEMBER 20, 2024

The 2024 housing market is shaping out to be one of the slowest in recent memory, but what can the industry expect in 2025? HousingWire Lead Analyst Logan Mohtashami and Altos Research Founder Mike Simonsen have compiled a comprehensive forecast for the 2025 housing market.

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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. It was hard to find a house anywhere — and Austin was no exception.

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Housing Wire

MAY 3, 2024

The labor market isn’t tight anymore and that will eventually be good news for mortgage rates. The current state of the labor market results from a series of events, with COVID-19 being a significant catalyst. Today the labor market is less tight, but the Fed would love to see this number even lower, down to 7 million.

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