Housing Wire

JULY 3, 2024

Today’s housing market suffers from affordability issues due to mortgage rates in the 7s and high home prices. People are quick to panic over any part of the housing market that looks stressed, fearing we’ll see 2008 levels of destruction all over again. Why choose 2011?

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Housing Market Marketing New Listings Contracts 355

Housing Wire

JANUARY 22, 2024

Indianapolis, which had 880,600 residents as of July 2022, offers a very strong and steady real estate market that attracts buyers looking for a more affordable lifestyle. It also boasts a strong labor market, adding 28,500 jobs in November 2023 compared to November 2022, according to data released by the Bureau of Labor Statistics (BLS).

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Housing Market Marketing Logistics Real Estate 435

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. This is why the days on the market are so low historically after 2020.

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Housing Market Marketing Inventory Mortgage 533

Housing Wire

AUGUST 6, 2024

Redfin CEO Glenn Kelman said Tuesday on the company’s second-quarter 2024 earnings call that he expects business to improve when the housing market speeds up after mortgage rates come down. Kelman addressed the impact of the settlement that the National Association of Realtors (NAR) agreed to regarding buyer agent commissions.

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Housing Market Marketing Brokerage Agents 423

Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. In 2023, 4.09 Prospective homebuyers have been shut out of the market by a lack of inventory. million existing homes were sold, the fewest since 1995.

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Inventory Realtors Housing Market Construction 459

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. The mortgage market is projected to slip further to $2.17 trillion in 2022.

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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. million and has fallen for four months. .

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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. economy, especially the mortgage and housing sector.

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Housing Market Marketing Supply Chain Mortgage 523

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. The core problem?

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Housing Market Marketing Inventory Buyers 469

Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Against that backdrop, Zillow identified prime markets for first-time homebuyers , and half of them were nestled in the Midwest.

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Housing Market Marketing Training New Listings 422

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. What ensued next was a rapid cooldown, which saw the median list price fall by more than $100,000 by mid-February 2023 to $533,000. Technically we are still in a seller’s market.

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Housing Market Agents Marketing Inventory 404

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. 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.

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Buyers Realtors Inventory Sellers 493

Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

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Inventory Housing Market Realtors Mortgage 508

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 443

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Here’s what that buyer behavior in the second half of 2022 is telling us about two key retail market trends in 2023: 1.

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Retail Sellers Buyers Market Value 457

Housing Wire

MARCH 18, 2024

For agents navigating and servicing the American housing market , acknowledging its profound evolution over recent decades is crucial. The rise in rental demand is underscored across a variety of channels, including on BrightMLS systems, where data in 2023 showed a 12.4% Or, they are going back to renting!

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Real Estate Agent Housing Market Real Estate Agents 376

Housing Wire

MAY 3, 2024

Andrea Bushnell, the CEO of North Carolina Realtors , said this issue is not just confined to the Charlotte area. “I According to United Van Lines ’ 2023 National Movers Study , North Carolina was the No. metros with the highest net in-migration in 2023. “We This influx of new residents is driving up demand for housing.”

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Inventory Housing Market Marketing Real Estate 335

Housing Wire

MARCH 13, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Given the current market, my business is at least about 60% renters and the other 30% to 40% is buyers and sellers,” Tsai said. But, home prices were still up over 15% year over year, ac-cording to Redfin.

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Housing Market Marketing Tenants Buyers 349

Housing Wire

SEPTEMBER 19, 2023

Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still. This “higher for longer” conventional wisdom is working its way through the housing market. Obviously, mortgage rates have been stubbornly over 7% for a couple of months. Now, you’re looking at 7.5%

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Housing Market Marketing Inventory New Listings 451

Housing Wire

NOVEMBER 13, 2023

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers.

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Real Estate Agent Real Estate Agents Sellers 395

Housing Wire

OCTOBER 12, 2022

The forecast for the housing market in 2023 gets worse by the month, with the latest report predicting a million-plus decline in existing home sales. The mortgage market is projected to slip further to $1.3 trillion in 2023, according to the government-sponsored enterprise. million in 2023.

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Contracts Modernization Housing Market Mortgage 448

Housing Wire

DECEMBER 13, 2022

The National Association of Realtors predicts there will be 4.78 million existing home sales in 2023, down 6.8% In addition to a further drop in existing home sales, Yun said he expects the annual median home price to remain relatively flat year over year in 2023, rising just 0.3% from the 5.13 to $384,500.

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Realtors Housing Market Mortgage Real Estate 434

Housing Wire

DECEMBER 14, 2022

Growing concerns of a recession, led by the Federal Reserve ’s continued interest rate hikes next year, will prompt mortgage rates to trend lower in 2023, according to numerous experts. by the end of 2023, according to fresh projections, up from an estimate of 3.9% by the end of 2023, dropping slightly from the projected 7.5%

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Mortgage Housing Market Sellers Buyers 447

Housing Wire

JULY 21, 2022

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data.

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Housing Market Buyers Marketing Retail 423

Housing Wire

SEPTEMBER 23, 2022

You think things are bad in the housing market now? trillion in 2023 will look awfully rosy. Even the most battle-tested industry players are preparing for one of the strongest housing market corrections in decades. Probably, the housing market needs to go to a correction to get to that place.”

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Housing Market Marketing Mortgage Buyers 369

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

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Housing Market Marketing Loan Officers Mortgage 448

Housing Wire

MARCH 24, 2023

2022 was a roller coaster year, continuing the strong pandemic and post-pandemic fueled housing market through the first half of the year. Then, in the third quarter, we saw an abrupt stop to the record-breaking housing market. of all Realtors. 1 spot in transaction sides for the past four years. “In

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Brokerage Real Estate Realty Agents 414

Housing Wire

SEPTEMBER 19, 2024

The Federal Reserve ’s interest rate cut on Wednesday, which was larger than some people expected, couldn’t have come at a better time for the housing market. million, according to the National Association of Realtors (NAR). Sluggish sales left total housing inventory at 1.35 That was a 4.2% from a year ago.

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Inventory Housing Market Inspection Sellers 408

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market.

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Renovations Realtors Construction Mortgage 418

Housing Wire

MARCH 1, 2023

The 2023 Tech100 Real Estate winners are changing the home sales process forever – from home search to lead management solutions, and remote closing to transaction management software. The table below shows the 2023 winners. These are the companies and solutions helping real estate professionals propel their businesses forward in 2023.

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Real Estate Property Management Investing Realty 448

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. from January 2023.

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New Listings Real Estate Realtors Inventory 442

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. million, according to a report from the National Association of Realtors (NAR) released Tuesday. Buyers have started adjusting their expectations and are ready to get back into the market,” Sturtevant said.

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Inventory Buyers Housing Market Contracts 353

Cleveland Appraisal Blog

JANUARY 5, 2023

Welcome to 2023! We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. What are housing prices going to do in the spring? Let’s talk about it.

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Housing Market Marketing Appraisal Inventory 369

Housing Wire

NOVEMBER 6, 2024

A stagnant housing market hasn’t held back Zillow ’s mortgage business. Compared to the first nine months of 2023, Zillow’s origination channel revenue grew 41% to $104 million. Zillow believes its end-to-end service options are allowing it to convert more of these types of homebuyers. While Zillow shares dropped 6.5%

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Mortgage Real Estate Real Estate Agent Realtors 375

Housing Wire

JULY 19, 2024

According to a second-quarter 2024 report from Texas Realtors, the number of active listings from April to June of this year were up 40.8% months in Q2 2023 to 4.6 Sales were down 3% compared to Q2 2023, falling to 93,417. Interest rates are a big part of the story,” Texas Realtors Chairman Jef Conn said in a statement.

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Inventory Realtors Housing Market Buyers 452

Housing Wire

APRIL 28, 2022

For the fifth consecutive month, pending home sales declined in March from February, down 1.2%, signaling a potential return to “much calmer” conditions, according to the National Association of Realtors. by 2023, Yun said. “As Yun forecasts the 30-year fixed mortgage rate will reach 5.3% The average mortgage rate should jump to 5.4%

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Housing Market Marketing Contracts Mortgage 353

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. Pending home sales rose 8.3% in November.

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Contracts Housing Market Construction Inventory 480