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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Marketing Housing Market Construction Mortgage 429

Appraisal Buzz

MARCH 13, 2025

As housing affordability reached its lowest point since 2006, one group stood out in defying market trendssingle women. At the same time, their real median household income has risen more than 20% from 2000 to 2023, significantly improving their ability to purchase homes. housing trends.

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Housing Market Marketing Home Value Tools 394

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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Marketing Mortgage Government Retail 478

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. Two and a half years.

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Housing Market Marketing Inventory Sellers 418

Appraisal Buzz

FEBRUARY 12, 2025

And now people are moving to these safe, family-friendly havens not just for the peace and quiet, but for the strong job markets as well. A considerable number of movers want to live near a thriving job market that can support them should they lose a remote job. year-over-year between August 2023 and 2024.

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Marketing Home Value Real Estate Appraisal 405

Appraisal Buzz

NOVEMBER 22, 2024

Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housing market, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory. Among specialists, 32.8% elections. “A

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Buyers Luxury Properties Marketing Inventory 417

Housing Wire

NOVEMBER 12, 2024

retailer by market capitalization reported $40.2 from Q3 2023 despite a drop in big-ticket remodeling projects that were attributed to higher interest rates and economic uncertainty. in Q3 2023. per share, in Q3 2023. The world’s largest home improvement retailer and fourth-largest U.S. Revenue was up 6.6%

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Housing Market Marketing Retail Home Improvement 435

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. Housing inventory There are now 722,000 unsold single-family homes on the market around the U.S. of the homes on the market.

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Housing Market New Listings Marketing Inventory 448

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. million existing home sales in 2024, a little increase over 2023’s 4.1 increase in property values in 2025.

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Housing Market Tenants Marketing Mortgage 396

Housing Wire

DECEMBER 17, 2024

Homebuyers have become older and wealthier Young people are having a particularly hard time in the housing market. The median buyer is now 56 years old, up from 49 in 2023. According to a recent NAR survey, homebuyers are older than they used to be. Register today to attend the Housing Economic Summit in Dallas, on Feb.

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Housing Market Marketing Buyers Real Estate 397

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.

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Inventory Housing Market Marketing Sellers 418

Housing Wire

DECEMBER 10, 2024

Foreclosure Market Report. That represents a 3% decrease from October’s total of 30,784 and a 9% decline from November 2023. As we move into 2025, we’ll be closely monitoring how economic pressures and market dynamics may influence a potential rebound in activity.” “The slight decline in U.S.

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Marketing Real Estate Mortgage 370

Appraisal Buzz

NOVEMBER 25, 2024

Zillow is predicting a more active housing market in 2025 , but those hoping to buy — or even refinance — should buckle up for a bumpy ride and be ready to move when conditions are right. Zillow is forecasting that housing market activity will pick up in 2025 – but the big wildcard is mortgage rates, which will remain unpredictable.

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Housing Market Marketing Buyers Construction 365

Housing Wire

NOVEMBER 27, 2024

Despite the recent rise in mortgage rates, early indicators suggest that the housing market is pointed in the right direction. reading for the PHSI is the highest mark since March and the third highest dating back to December 2023. reading for the PHSI is the highest mark since March and the third highest dating back to December 2023.

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Marketing Realtors Housing Market Lending 370

Appraisal Buzz

APRIL 2, 2025

In its 2025 Industry Survey , Redfin dug deeper into how real estate agents view their careers, the housing market, and other hot-button industry issues. The 2025 Industry Survey highlights the opportunities and challenges agents see in this evolving market and the increasing pressures brought on by economic uncertainty and industry reforms.

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Real Estate Agent Real Estate Housing Market Agents 362

Appraisal Buzz

NOVEMBER 6, 2024

By the fall of 2023, mortgage rates had risen from historic lows of 2.65% in 2021 to a decade-high of 7.79%. Mortgage rates rose from 2.65% in 2021 to 7.79% in fall 2023, impacting home shoppers’ buying power. The most common way buyers have secured below-market rates is through special financing offers from sellers or home builders.

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Buyers Marketing Sellers Loan Officers 370

Housing Wire

OCTOBER 29, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. The market is not great, so we aren’t often dealing with multiple-offer situations. It is no secret that many first-time homebuyers are struggling.

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Marketing Real Estate Sellers Buyers 448

Housing Wire

MARCH 14, 2025

housing market is anything but stable right now and residents are feeling it. housing market using weekly data from Altos, which includes more than 60 different data points on every metro area in the country, to see how employment is changing the housing market. ’s job market. more homes on the market than 2024.

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Housing Market Marketing New Listings Inventory 370

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! Will Interest Rates Go Down in 2025?

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Housing Market Marketing Inventory Real Estate 363

Housing Wire

APRIL 5, 2025

Mortgage rates recently hit a year-to-date low, coinciding with ongoing market disruptions from tariffs. The more encouraging story, however, is that the spring season is shaping up positively for the housing market. With a backdrop of market volatility, the spreads got worse last week.

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Mortgage New Listings Inventory Housing Market 533

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. LAs housing market has largely stabilized after the turbulence of the post-pandemic years and the rapid rise of mortgage rates beginning in 2022.

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Housing Market Marketing Sellers New Listings 393

Housing Wire

NOVEMBER 22, 2024

In November 2023, CoreLogic reported a 2.7% 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. Apartment rents have dropped by nearly 15% in two years, which is warp speed for the housing market.

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Marketing Housing Market Property Taxes Construction 370

Housing Wire

DECEMBER 18, 2024

The company has an aggressive marketing goal to reach the No. Citis previous use of the URL was to redirect to learning center content within the home lending pages on the Citi domain, according to Head of Mortgage Marketing at Citi, Chip Burgard. Market share and brand authority Why launch this site now?

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Marketing Lending Retail Mortgage 418

Housing Wire

MARCH 15, 2025

Earlier this year, when mortgage rates soared to 7.26%, a cloud of worry hung over the housing market many feared that home sales would tumble in 2025, fueled by concerns about inflation and tariffs. This unexpected turn of events breathed new life into the market, pushing purchase application data into positive territory for the year.

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Mortgage New Listings Inventory Housing Market 537

Housing Wire

NOVEMBER 13, 2024

With fluctuating mortgage rates and economic pressure in the housing market, foreclosure activity ramped up in October 2024. Foreclosure Market Report on Tuesday. That’s up 4% from September’s total of 29,668 but down 11% from the October 2023 figure of 34,472. Attom released its October 2024 U.S.

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Housing Market Real Estate Government Mortgage 448

Housing Wire

JANUARY 29, 2025

Victims displaced due to the Los Angeles wildfires are straining Southern Californias already tight real estate and rental markets, according to a report from Homes.com. million in 2023, according to Altos data. The median list price in Orange County hit a peak of $2.1 million in 2024, up from a peak of $1.9

Marketing 351

Marketing Real Estate Agent Real Estate Inventory 351

Appraisal Buzz

DECEMBER 19, 2024

million in November 2023). More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%. month supply in November 2023 but lower than the 4.2-month from October to 4.15 million in November.

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Inventory Realtors Buyers Contracts 396

Housing Wire

DECEMBER 17, 2024

Applications to purchase newly built homes have seen annual increases since February 2023, as prospective homebuyers continue to favor new homes , given affordability challenges and constrained existing inventory , Joel Kan , the MBAs vice president and deputy chief economist, said in a statement.

Mortgage 397

Mortgage Marketing Inventory 397

Housing Wire

NOVEMBER 23, 2024

However, the 10-year yield has managed to maintain its position, and the downtrend observed in the charts since the 10-year yield was at 5% in 2023 is still in place. Mortgage spreads The mortgage spread situation has shown improvement in 2024, in contrast to its negative performance in 2023.

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Mortgage Inventory New Listings Contracts 514

Housing Wire

JANUARY 17, 2025

In a changing real estate market , mortgage lenders face increasing demand. The primary and secondary mortgage markets may be separate business components, but mortgage originators must understand both businesses intimately. Originators can bring new products to market when their underwriters can avoid the associated learning curve.

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Marketing Real Estate Tools Investors 368

Housing Wire

FEBRUARY 8, 2025

This situation contrasts with the challenges the market faced in 2023, during the banking crisis when the Federal Reserve was still raising rates. In 2023, spreads reached as high as 3.10%. If we had experienced the worst mortgage spreads of 2023, mortgage rates would be 0.72% higher today. Weekly inventory change (Jan.

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Mortgage Inventory New Listings Contracts 492

Appraisal Buzz

MARCH 20, 2025

from the 322,782 homes and condos flipped in 2023 and 32.4% in 2023 to 7.6% Profits and profit margins rose slightly in 2024 on typical buy-renovate-and-resell projects, but margins remained at one of their low points over the past decades, as investors continued struggling to take advantage of the nations housing market boom.

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Renovations Investors Finance Property Taxes 355

Housing Wire

JANUARY 16, 2025

That share was up from 53% in the second half of 2023 and 51% in the first half of 2024. Over the past four years, home prices have increased significantly in many markets, but recently the rate of growth has begun to slow. Only 8% were considered under-appraised, down from 12% in the second half of 2023. home prices rose by 3.6%

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Appraisal Valuation Home Value Housing Market 397

Appraisal Buzz

JANUARY 23, 2025

has experienced two decades of slow but steady housing market growth, paired with inventory growth that has suffered through both the Great Recession and the pandemic. In 2023, total inventory hit 144 million housing units, a 16.7% Only now is it returning to 2006-2007 levels, with a typical annual increase of over 1%. year-over-year.)

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Inventory Supply Chain Construction Housing Market 418

Housing Wire

JANUARY 17, 2025

percent)* below the December 2023 rate of 1,568,000. percent below the December 2023 rate of 1,530,000. As shown below, housing activity related to permits remains minimal, with single-family permits crucial to the market growing slowly. have been more effective in stimulating activity in the housing market. This is 15.8

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Mortgage Housing Market Construction Marketing 488

Housing Wire

MARCH 31, 2025

million new residents between 2021 and 2023, but the demographic shift tells a troubling story. Cash buyers dominate the market, accounting for 42% of home purchases. ” Population growth in Tampa has significantly rebounded with nearly 52,000 new residents in 2022-2023, up from a loss of nearly 13,000 in 2019-2020.

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Insurance Property Taxes Construction Transportation 448

Housing Wire

MARCH 20, 2025

decline from 2023 and a 32.4% in 2023 to 7.6% Conversely, a handful of smaller markets saw an uptick in flipping activity. in 2023 to 72% in 2024. Flips are moving more quickly The average time to complete a home flip in 2024 was 162 days, down slightly from 169 days in 2023. That marked a 7.7% to 109.1%, while St.

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Investors Finance Renovations Buyers 347