Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above.

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Housing Wire

JANUARY 16, 2023

The weekly data shows some good news for the housing market ! With mortgage rates also falling, I am hopeful that more people will list their homes and buy another, so we can get back to a more functional housing market. 13, 2023): Rose From 471,349 – 472,688. This is good news for the housing market.

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Appraisal Buzz

SEPTEMBER 5, 2024

The Realtor.com August Housing Trends Report shows that the number of homes actively for sale increased by 35.8% Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% In April we noted that rising for-sale inventory was likely to lead to more balance between buyers and sellers.

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Housing Wire

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. What will the housing market look like in 2024?

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Housing Wire

NOVEMBER 22, 2023

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. It’s a savagely unhealthy housing market out there, and these economists unpack what that means for you. Register for the virtual event on Dec.

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Housing Wire

DECEMBER 30, 2024

All the housing market data for 2024 is in, and its fair to say that the housing market surprised us again! However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. There are some signals that seller volume is starting to creep back to normal levels.

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Housing Wire

DECEMBER 16, 2024

As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Almost every market in the country has more homes available now than at the end of 2023. A few states have more homes on the market now than any time in the last eight to 10 years. more than a year ago.

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Housing Wire

NOVEMBER 18, 2024

What will the housing market look like in 2025? For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more. New listings One way reason it will be hard for inventory to grow more than 17% next year is that there are still not enough sellers to get there.

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Housing Wire

APRIL 27, 2024

Active weekly housing inventory growth slowed slightly last week, but it’s still running at a healthier clip than in 2023. Weekly housing inventory data We’ve now had back-to-back weeks of healthy housing inventory growth and spring 2024 is much healthier than spring 2023. Last year, we never hit that target.

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Appraisal Buzz

OCTOBER 31, 2024

from Q4 of 2023 and 3.3% Despite their potential to draw in vandalism and spread community blight, zombie foreclosures continue to have little to no effect on the majority of local housing markets. This was a decrease from 8,903 in Q4 of 2023 but an increase of 1.5% were in foreclosure, according to the data.

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Housing Wire

APRIL 26, 2024

home sellers reaped slimmer profit margins on median-priced single-family homes and condominiums during the first quarter of 2024. in the fourth quarter of 2023, according to Attom ’s 2024 U.S. Investment returns for sellers fell for the second straight quarter. Home Sales Report. on a quarterly basis to $330,000.

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Housing Wire

APRIL 16, 2023

Purchase application data rose again, with more positive than negative data in 2023. Here’s a quick rundown of the last week: Active inventory fell 5,383 last week, and new listing data is still trending at all-time lows in 2023. This is one reason housing inventory has taken so long to bottom out.

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Housing Wire

NOVEMBER 14, 2023

As 2023 draws to a close soon, housing inventory has been rising very late in the year. Last year at this time, sellers and homebuyers hit the brakes hard. Watch the weekly housing market recap video above to get the latest housing market data download from Altos Research.

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Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Does that mean we are heading back to all-time lows in inventory again for 2023? However, the year-over-year data is still critical to keep track of for the housing market. 6, 2023): Fell from 490,809 to 471,349 Same week last year: (Dec.

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Inventory Housing Market Marketing New Listings 534

Housing Wire

NOVEMBER 6, 2023

held up in 2023, sales volume in the housing market cratered. The industry is in a deep housing recession this year. If we get lucky with mortgage rates, though, we might just be at the bottom of the housing market recession right now. To get the weekly picture of the housing market, watch the video above.

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Housing Wire

OCTOBER 26, 2024

We’ve seen some growth in new listings this year compared to 2023 levels, which is good for housing. However, with the recent spike in mortgage rates , it’s possible some sellers are just going to call it quits. Mortgage spreads The mortgage spread story has been positive in 2024, whereas it was negative in 2023.

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Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housing market in the second half of 2022? Those trends are likely to continue in 2023.

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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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Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. This week’s trading in the bond market will be exciting with the upcoming inflation data.

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Housing Wire

JULY 6, 2024

Now that we are halfway through the year, we can see that active inventory in America is growing, unlike what happened in 2023. This is precisely what the doctor ordered for the housing market. As we can see below, it’s a much healthier year in inventory growth data than in 2023. However, this year, spreads have improved.

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Housing Wire

JULY 2, 2023

We have often discussed that the housing market dynamics changed starting Nov. So the fact that housing demand stabilized and inventory is now negative year over year needs the context that 2022 was a once-in-a-lifetime event. As you can see in the chart below, 2023 inventory growth is very slow compared to 2022.

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Housing Wire

OCTOBER 21, 2024

Despite the Florida hurricanes, and in the face of recently rising mortgage rates , unsold inventory of homes on the market climbed this week by about 1%. The seasonal changes in the housing market are very different from what they used to be with inventory peaking two or three months later in the year. In fact, no.

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Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. Weekly housing inventory Since new listing data was trending at all-time lows in 2023, some feared we wouldn’t see the typical spring inventory increase.

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Inventory Housing Market Marketing New Listings 523

Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. Between 2018 and 2023, homeowners insurance rates in Louisiana jumped 24.9%, according to an analysis by S&P Global. From 2022 to 2023 alone, rates jumped 21.2%.

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Housing Wire

FEBRUARY 26, 2024

We still see more sellers than last year. The housing market data has been changing very rapidly this year. Inventory There are now 498,000 single-family homes available unsold on the market around the U.S. Last week showed good growth in sales over 2023, and I mentioned that it might be fleeting. is $429,000.

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Sellers Inventory New Listings Contracts 454

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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Appraisal Buzz

JUNE 10, 2024

There seems to be continued debate among appraisers, reviewers, and underwriters regarding seller concessions. A particular point of contention in this debate is whether or not it is appropriate to adjust seller concessions on a dollar-for-dollar basis. 09, Adjustments to Comparable Sales ). 09, Adjustments to Comparable Sales ).

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Appraisal Buzz

AUGUST 14, 2024

homebuyers as a strong economy bolsters the housing market, according to the Realtor.com 2024 Forecast Update. After hitting their lowest point since May 2023 earlier this month, rates are expected to continue falling as the Federal Reserve potentially relaxes its tight monetary policy, thanks to improving inflation trends.

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Housing Wire

MARCH 30, 2023

But while rates have dropped, the housing market has continued to be challenged by low inventory levels. “Spring sellers should start getting their home ready for sale, keeping in mind that it took longer than expected to prep.” ” Surging rates ahead? Mortgage rates, directly correlated to the U.S.

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Housing Wire

JULY 29, 2024

That implies a continued slow down for home sales in the second half of the year — fewer buyers and fewer sellers, too. I wonder whether the 2024 housing market is beyond saving? housing market at the end of July 2024. That’ll be a 20% increase over the end of 2023. Sellers seem to be backing off.

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Housing Market Marketing Inventory New Listings 384

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 Wire

SEPTEMBER 12, 2024

A recent SmartAsset analysis of 2023 Home Mortgage Disclosure Act (HMDA) pinpointed where boomers are most active within the U.S. housing market. This means that baby boomers have the most economic power when it comes to housing markets, as sellers are more likely to accept offers where financing is least likely to fall through.”

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Housing Market Marketing Insurance Sellers 438

Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. million existing home sales in 2024, a little increase over 2023’s 4.1 In 2025, Zillow projects that buyer markets will expand to the Southwest as inventory continues to become stranded in reasonably priced cities.

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Appraisal Buzz

JULY 9, 2024

June 2024 Housing Metrics – National Median list price per sq.ft: Change over June 2023: (+3.4%) Change over June 2019: (+52.6) to $445,000) (+39.1%) Active listings: (+36.7 %) (-31.1%) New listings: (+6.3%) (-24.4%) Median days on market: (+2 days to 45 days) (-8 days) Share of active listings with price reductions: (+4.2

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

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Housing Wire

DECEMBER 20, 2024

Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. compared to September 2023. Home sales in 2024 have been well below historic norms. But even investors have purchased fewer homes this year.

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Housing Wire

JUNE 20, 2024

On the sell side, agents say that low mortgage rates from a purchase or refinance transaction in late 2020 or early 2021 are keeping many potential sellers in their home. “A Despite the state’s tight inventory, the housing market is not as hot as one might expect.

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