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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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 real estate market As of Jan. And the median days on the market was 56 in December , compared to the national median of 43.

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Housing Market Marketing Logistics Real Estate 468

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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Marketing Buyers Sellers Realtors 526

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.

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Buyers Inventory Landlords Housing Market 488

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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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. These are mortgages secured before mortgage rates began to rise sharply in 2022.

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Housing Market Marketing Inventory Realtors 418

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 This level is still within my 2022 forecast sales range between 5.74 million and I am looking for more of the same in 2022, at the 5.74 million and 6.16 million level. from one year ago.

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Housing Market Marketing Inventory Sellers 542

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. million and 6.16

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Housing Market Marketing Inventory Mortgage 505

Housing Wire

JANUARY 27, 2023

Pending home sales ended 2022 on a positive note. according to data released Friday by the National Association of Realtors (NAR). Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.” month over month in December to a reading of 76.9,

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Contracts Realtors Mortgage Buyers 448

Housing Wire

DECEMBER 26, 2022

Starting this week, I will analyze weekly data in a Housing Market Tracker article every Monday to provide a status update on the U.S. housing market and economy. The housing market is one sector that can turn positive or negative very quickly depending on mortgage rates or one-time shocks like we saw with COVID-19. million.

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Housing Market Marketing Inventory Mortgage 516

Housing Wire

DECEMBER 20, 2023

I would argue yes, and the housing market today looks a lot like what we saw in late 2022. From the National Association of Realtors (NAR): Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – elevated 0.8% from November 2022 ($372,700). All four U.S.

Housing Market 482

Housing Market Marketing Inventory Realtors 482

Housing Wire

MAY 23, 2023

While it’s not as clear how long-lasting the rebound will be, it does still provide some much-needed good news for the spring and summer housing market. in April 2023, according to the National Association of Realtors (NAR). That mild correction has played out, with an emphasis on mild. The national median home price decreased 1.7%

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Housing Market Marketing Retail Sellers 459

Housing Wire

OCTOBER 19, 2023

The savagely unhealthy housing market continues to unfold as we approach Halloween. Too many people chasing too few goods — and days on the market are still under 30 days. It’s like we invited Freddy Krueger, Jason and Michael Meyers to come for a haunted housing market party. million in September 2022). The core problem?

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Housing Market Marketing Inventory Buyers 505

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022.

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Housing Market Marketing Inventory Mortgage 539

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. The housing market won’t be like this forever.

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Housing Market Marketing Supply Chain Mortgage 523

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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Marketing Inventory Housing Market Buyers 493

Housing Wire

JULY 24, 2024

Prospective buyers from out of state often come to Indiana for its growing job market, low taxes and relatively affordable housing. Indianapolis-area Realtor Annie Caruso, a founding member of Circle Real Estate, had a buyer coming from the Chicago area for just these reasons. This is reflected in home price data from Altos Research.

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Marketing Realtors Buyers Property Taxes 448

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 Market Marketing Sellers Buyers 479

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. Census Bureau.

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Marketing Inventory Construction Realtors 370

Housing Wire

OCTOBER 28, 2022

Panels featured top leaders, founders, and executives from across the housing system, to share thoughts on how to move the market forward. 00 Marketing Leaders Success Summit: The Logic of Emotion: How to Make Inaction Impossible. 01 Marketing Leaders Success Summit: 1+1=3 The Marketing Strategy of M&A.

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Lending Development Finance Technology 435

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. My rule to get the housing market out of the unhealthy stage is that we need total inventory back between 1.52

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Housing Market Marketing Inventory Realtors 528

Housing Wire

JANUARY 2, 2023

The housing market has been wild the last few years, making weekly data more critical. This is why I’ve created the Housing Market Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday. Purchase application data.

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Inventory Housing Market Marketing Mortgage 482

Housing Wire

OCTOBER 4, 2022

Each year, the HousingWire Vanguards represent an elite group of industry executives who are moving the housing market forward. The following profiles for our 2022 honorees include the origin stories of 100 industry elites who continue to have a major impact on the housing landscape. Head of Real Estate Markets. Company Name.

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Human Resources Lending Real Estate Technology 435

Housing Wire

SEPTEMBER 22, 2022

Economists at Fannie Mae say the Federal Reserve ‘s fiscal policy is having its desired effect on the housing market – home price growth began to slow in the summer, and the GSE says the housing slowdown will continue through 2023. trillion in 2022. The mortgage market is projected to slip further to $2.17

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Housing Market Supply Chain Marketing Inventory 435

Housing Wire

MARCH 29, 2024

It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. The market is still strong,” said Wendy Cash, a broker at Austin area-based Century 21 Hellmann Stribling. By late May 2022, this figure had risen to $650,000, according to data from Altos Research.

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Housing Market Agents Marketing Inventory 459

Housing Wire

JANUARY 13, 2023

For the non-QM lenders serving the single-family investment-property space who have managed interest-rates well to stay ahead of the market, however, there’s still plenty of opportunity to pick up market share, industry observers argue. . trillion — down by 15% compared with 2022. as of December — with an estimated 5.7

Marketing 448

Marketing Investing Investors Landlords 448

Housing Wire

AUGUST 22, 2023

“Home sellers are buyers” — this is a phrase that I have been using in my economic work to explain the reality of the housing market recently. That’s reflected in today’s existing home sales report by the National Association of Realtors (NAR), where they fell again. million in July 2022).

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Sellers Marketing Inventory Housing Market 370

Appraisal Buzz

JULY 18, 2022

Unless you’re living under a rock, you have heard that interest rates have been rapidly increasing since Q1 of 2022. It consistently climbed to 3.76% as of March 3, 2022, and as of the date I’m writing this, it is 5.81%. Naturally, this has forced buyers to seek lower price points or has completely eliminated them from the market.

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Sellers Marketing Market Value Home Value 435

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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Marketing Housing Market Property Taxes Construction 370

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

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Housing Market Buyers Agents Marketing 468

Housing Wire

APRIL 25, 2024

“It is extremely competitive,” DeRoussel said of the Cincinnati housing market. “We According to data from Altos Research , the Cincinnati metro area (which includes portions of Ohio, Kentucky and Indiana) currently has a Market Action Index score of 54, while the state of Ohio has a score of 55. Buyers are really struggling.”

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Buyers Marketing Inventory Investors 459

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. That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends.

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Realtors Housing Market Construction Real Estate 468

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We In mid-June 2023, the statewide 90-day average Altos Market Action Index score hit a high for year of 53.99, before sliding down to a trough of 40.03

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Housing Market Marketing Inventory Construction 468

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. At the height of the spring market, the typical home had 5.5

Buyers 497

Buyers Realtors Inventory Sellers 497

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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Realtors Agents Brokerage Inventory 448

Housing Wire

OCTOBER 9, 2023

A coalition of housing trade groups — including the Mortgage Bankers Association (MBA), National Association of Realtors (NAR) and National Association of Home Builders (NAHB) — called on the Federal Reserve to provide market certainty about the Fed’s rate path and its plans for the mortgage-backed securities (MBS) portfolio.

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Marketing Mortgage Realtors Real Estate 476

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. 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. One such measure is who is entering the market.

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Realtors Buyers Inventory Investors 459