Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. What’s happening with inventory? Normally by this point in September, available inventory is declining slightly each week.

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Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We being outbound.

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Housing Wire

APRIL 11, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

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Housing Wire

JANUARY 20, 2023

The phrase “in like a lion, out like a lamb” is typically used to describe the month of March, but it is also applicable to existing home sales trends in 2022. million, according to a report from the National Association of Realtors (NAR) released Friday. million existing homes were sold in 2022, down 17.8% After posting a 6.5%

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Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”

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Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. NAR lists the current inventory at 1.22 million, with a peak in 2007 a tad over 4 million.

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Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings. From 2022 to 2023 alone, rates rose 15%.

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Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

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Housing Wire

OCTOBER 1, 2022

The monthly Realtors Confidence Index helps to dispel many of the myths and cut through the noise of what is currently happening in the market. The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. All cash buyers now stand at 24%.

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Housing Wire

JULY 22, 2021

million, according to the National Association of Realtors. You can thank a rise in housing inventory for the gains. million in June 2020 as housing inventory has slowly improved in recent months. Total housing inventory at the end of June amounted to 1.25 from May’s inventory and down 18.8% Sales climbed 22.9%

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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. market share, while first-quarter 2022 saw a record high of 34.4%. The available inventory of existing homes rose by 22% year over year in Q3 2034. Census Bureau.

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Housing Wire

JANUARY 13, 2022

This article is part of our Housing 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. enters the third year of the pandemic, the 2022 housing market remains on stable ground. While interest rates are projected to rise in 2022 to 3.5% As the U.S. Demographics.

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Housing Wire

NOVEMBER 20, 2024

With this assumption — in addition to ongoing affordability issues and low inventory — HousingWire’s analysts foresee home-price appreciation of 3.5%, less than the 5% growth seen in typical years. This growth is in line with upward trends in inventory that began in 2022, when available homes for sale tanked to roughly 250,000.

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Housing Wire

SEPTEMBER 23, 2022

The claim by the authors that single-family rental home companies “swoop up much of the inventory” of homes from potential homebuyers is, in fact, not supported by the data in any way, shape, or form. of the nation’s total housing inventory. Rather, large companies own less than 1.5% to 67.6%; Nashville from 71.1%

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Housing Wire

JULY 23, 2024

I have often discussed four months of supply and active inventory between 1.52 In the previous decade, active inventory ranged between 1.52 In late 2022 and early 2023, mortgage rates dipped more than 1% and purchase apps had a positive streak that filtered itself into sales prints. Unsold inventory sits at a 4.1-month

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Housing Wire

DECEMBER 20, 2023

While sales are still tracking below last year’s levels, the gap between 2022 and 2023 has narrowed considerably. million, according to the National Association of Realtors. Compared to November 2022, existing home sales retreated 7.3%, down from 4.12 Housing inventory fell 1.7% Meanwhile, unsold inventory sat at a 3.5-month

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Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

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Housing Wire

OCTOBER 19, 2023

million, according to the National Association of Realtors. Compared to September 2022, existing home sales slumped 15.4%, down from 4.68 million in September 2022. ” On the bright side, home buyers had more homes to choose from in September as housing inventory posted a 2.7% higher than in September 2022.

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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 loss of population has softened housing demand, as has the rapid rise in mortgage rates that began in the spring of 2022. Inventory in the city has also risen sharply, giving buyers more options and more leverage in negotiations.

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Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 On the bright side, housing inventory rose 1.8% lower than October 2022 when inventory was at 1.22 Meanwhile, unsold inventory sat at a 3.6-month months in October 2022.

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Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

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Housing Wire

FEBRUARY 7, 2024

After closing out 2023 with its first annual membership decline since 2012, the National Association of Realtors is still struggling with its membership count. January marked the third consecutive month of membership declines for NAR and the month’s Realtor count marks the lowest level since May 2021. This is down 2.1% Washington, D.C.

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Housing Wire

OCTOBER 26, 2023

in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” Compared to 2022, NAR expects the sale of new homes to grow by 4.5%

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Inventory Contracts Housing Market Realtors 407

Housing Wire

SEPTEMBER 21, 2023

The housing market continues to cool amid high mortgage rates , affordability challenges and still-low inventory. million, according to a new report from the National Association of Realtors (NAR). Despite a sharp drop in home sales compared to August 2022, the median existing-home sales price rose 3.9% from August 2022.

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Inventory Realtors Housing Market Mortgage 443

Housing Wire

FEBRUARY 22, 2024

The housing market in the state of Florida saw higher median home prices, more real estate listings and a higher number of active listings during the month of January, according to data released Thursday by Florida Realtors , a state-based trade organization for real estate professionals. ” Closed sales of single-family homes grew 0.6%

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Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The market in Indianapolis is very cyclical,” Carrie Holle, Realtor and principal of the Carrie Holle Group with Compass , told HousingWire.

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Housing Wire

NOVEMBER 18, 2024

Home insurance premiums have climbed 45% from 2017 to 2022, contributing to a slowing sales market. In California, where housing affordability is a longstanding issue, low inventory and intense competition have driven the average home value to $771,057, with Los Angeles nearing $947,245, according to Zillow data. Last year, 44.5

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Housing Wire

APRIL 30, 2024

It was the largest annualized increase recorded since November 2022. in February, the fastest annual rate since November 2022. For-sale inventory increased 14.8% Meanwhile, the National Association of Realtors reported that existing home sales increased by 9.5% National Home Price Index posted a 6.4% the previous month.

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Inventory Realtors Buyers Marketing 452

Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

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Housing Wire

MAY 29, 2024

The National Association of Realtors (NAR) reported that it had 1,509,195 members at the end of April, a decline of 2.96% from the 1,554,604 members it had at the end of 2023 but higher than its numbers in February and March. million in October 2022 before gradually declining. Realtors who have paid their membership dues by Jan.

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Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. offers, according NAR’s REALTORS® Confidence Index.

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Housing Wire

OCTOBER 19, 2023

Sales are still falling, home prices keep rising, and inventory is still negative year over year. million in September 2022). From NAR : According to the REALTORS® Confidence Index , properties typically remained on the market for 21 days in September, up from 20 days in August and 19 days in September 2022.

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Housing Wire

FEBRUARY 20, 2024

million homeowners added between 2012 and 2022. According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% and 51.1%, respectively. The overall U.S.

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Housing Wire

JANUARY 29, 2024

Last week, the National Association of Realtors released their December pending sales data. The headline was an impressive 8% jump over December of 2022. As the year progressed, most of 2023 saw 20-30% fewer home sales than 2022. That’s the active inventory across the country. Home sales were very very slow last year.

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Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. Supply being near all-time lows is one thing, but existing home sales aren’t crashing like they did in 2022. All four U.S.

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Inventory Housing Market New Listings Marketing 501

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). He also expects more sellers to enter the market, as they adapt to prolonged higher rates.

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Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. I hadn’t developed a network for mortgage lending with Realtors,” Woodward said about his work at Interfirst in Indiana. of UWM’s mix in 2021, and company executives expect that number to grow in 2022 as rates climb.

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