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Federal Reserve Chairman Jerome Powell played the Grinch last week for the housingmarket, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. Weekly pending sales The latest weekly pending contract data from Altos Research offers an exciting glimpse into the real-time dynamics of housing demand.
This article was reposted with permission from Ramsey Solutions. The article originally appeared on the Ramsey Solutions Articles page. See original article here. If youre thinking about buying or selling a house and wondering about the housingmarket, youre not the only one. Is It a Buyers Market?
In the last few months in my articles for HousingWire, I have written that monthly supply has been rising and that this increasing supply was the most critical metric for the housingmarket, specifically the new home sales market. adjusted estimate of new houses for sale at the end of June was 353,000.
Nevertheless, some supposedly erudite thinkers on the housingmarket are saying this, so I thought I should investigate. If the housingmarket was in the grips of some mass hysteria of irrational purchasing, we would expect to see certain hallmarks in the data. The post Is the housingmarket really 20% overbuilt?
This is the fourth installment of our economist Q&A series, as we work to answer the top 2021 housingmarket questions. The 2021 housingmarket forecasts have focused on everything from home prices to mortgage rates. This article has been lightly edited for length and clarity.
According to the National Association of Realtors, existing home sales for April’s housingmarket came in at 5,8500,000. In the last existing home sales article for HousingWire, I wrote that we should see some sales prints under 5,840,000. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis.
The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire’s Lead Analyst Logan Mohtashami answered questions on what to make of the latest housing data, his forecast for the rest of this year, and whether or not the housingmarket is returning to normal. This was my big fear. Become a member today.
The market is going to crash. Have you been seeing more doom and gloom housing headlines? This week I’ve had quite a few articles emailed to me. This time it’s going to be even worse. I sure have. What do you think of this one? What do stats actually show? What do I say to […].
When you hear people say that the current housingmarket is like 2008 all over again, you may want to remind them of the huge differences between this market and that one. The previous economic expansion, from 2010-2019, wasn’t a housing bubble. Because of this I am calling this the unhealthiest housingmarket post-2010.
The housingmarket continues to be hot in most of the country, but there are signs that the party may be coming to an end. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. The post Is the housingmarket cooling down? Start an HW+ Membership now for less than $1 a day. Already a member?
This is the third installment of our economist Q&A series of the top housingmarket forecasts for 2021 that focus on everything from home sales to mortgage rates. This article has been lightly edited for length and clarity. Frank Nothaft Executive and Chief Economist at CoreLogic. The rest of this content is for HW+ members.
Starting this week, I will analyze weekly data in a HousingMarket Tracker article every Monday to provide a status update on the U.S. housingmarket and economy. This weekly tracker will give you updates on the data lines that don’t need to wait for monthly housing data reports. . Housingmarket inventory.
If you bought into the theories being peddled by this crash-cult crowd (who, by the way, have been infecting the discourse of economics since the creation of social media and YouTube channels) then you would have believed that the second housingmarket bubble crash was imminent during 2020. housingmarket. But the U.S.
The stock market reacted negatively to the news regarding tariffs, resulting in significant selling and a shift towards the bond market. In this week’s HousingMarket Tracker , I mentioned that the 10-year yield level was stubbornly resistant and that we needed bad news to break through it.
An often-forgotten turn of luck for the American economy is that the housingmarket entered a period of the best housing demographics ever recorded in history the same year that COVID grabbed hold of us. As I always stress every time I can, housing broke out before COVID-19 hit us. Become a member today.
A recent article published by CNBC showed that internet searches for the term “housing crash” had gone up 2,450% in the past month. A lot of folks are concerned about a housingmarket crash. The post The housingmarket won’t crash in 2021. I understand the concern. A home is your shelter.
During the previous economic expansion from 2008 to 2019, the housingmarket was subject to the constant refrain of build more homes. We first had to whittle down the excess inventory and get our financial house in order (i.e., Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. Already a member?
housingmarket this year? If we stick to the facts, however, we can glean a few important take-homes as to what risks the housingmarket faces for 2021 and beyond. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. Start an HW+ Membership now for less than $1 a day. Become a member today.
The updates include a customizable HousingMarket Data tool that gives users the power to customize charts and data on the HousingWire site and a gifting tool that allows subscribers to share news and articles with people in their network without a HousingWire subscription.
The housingmarket has been wild the last few years, making weekly data more critical. This is why I’ve created the HousingMarket Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday. The 10-year yield shows where mortgage rates will go.
Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. The post Supply of new homes shows a stabilizing housingmarket appeared first on HousingWire. Exclusive access to the HW+ Slack community and virtual events. HousingWire Magazine delivered to your home or office. Become a member today.
Over the next two days, we will observe how the market reacts to this news and anything that happens over the weekend. However, as mentioned in the HousingMarket Tracker article over the weekend, if there were ever a week to see bond yields and mortgage rates go lower, it would be this week. Housing data!
This article is part of our 2022 – 2023 HousingMarket Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.
That begins to change the equation for some homebuilders, who were absolutely thriving in an ultra-low-inventory housingmarket environment. . adjusted estimate of new houses for sale at the end of May was 330,000. months is what we saw during decent housingmarket demand in the previous cycle. Already a member?
I knew some extreme YouTube fanatical housing crash bears would use the negative year-over-year data in purchase applications to promote a housing crash premise. This was why early in 2021, I wrote an article that said to expect that purchase application data would be negative but not overreact. Become a member today.
The 2022 housingmarket was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing recession. That would be a positive for demand.
It’s the current, not the waves, that will propel longstanding changes in the American housingmarket, said Logan Mohtashami , HousingWire’s lead analyst. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. The post What to expect next from today’s hot housingmarket? Become a member today.
But today’s housingmarket has forced him to pivot to remain successful. This market is like nothing we’ve ever seen,” he said. “In The house sold for $1.5 There’s plenty of advice available to help buyers and sellers navigate the current housingmarket. By 10 a.m., But what about real estate agents?
Almost three months ago, I wrote that based on the year-over-year growth in purchase applications, the housingmarket should have a few existing home sales under 5,840,000. This, to me, would be considered a good year for housing. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis.
I have been part of the mortgage banking industry since 1983 — 39 years to date through different housingmarkets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housingmarket like the one in 2020 and 2021. economy, especially the mortgage and housing sector.
Articles about rates, housing inventory and inflation were among our most popular, including: Purchase mortgage rates fall same week as Fed rate hike New home sales make it clear, housing is in a recession The nation’s housingmarket is on a correction course.
A bullish housingmarket. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. The housingmarket didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been. The excellent.
Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housingmarkets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housingmarkets. Aspen, Colorado. Become a member today. Already a member?
Regarding the monthly supply for housing, we want this to get above four months as soon as possible. This would be a more traditional level for the housingmarket; we are making some progress here but not where we want to be yet. The post The savagely unhealthy housingmarket is now a nightmare appeared first on HousingWire.
These are the words real estate agents use when asked to describe the current state of the market and what it’s like to buy a home today. Buyers are facing unprecedented challenges, they say, due to a confluence of housingmarket conditions: Pricing. The post Is this housingmarket affordable for the average shopper?
This article is part of our 2022-23 HousingMarket Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.
This article is part of our HousingWire 2022 forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.
Prospective homeowners enter the housingmarket with two questions: Where do I begin? Zillow also provides articles and resources alongside assistance options — including options unaffiliated with Zillow Home Loans. How much home can I afford? Fortunately, home buying doesn’t have to remain confusing for new buyers.
This was the last thing we needed to see for the HousingMarket , which went from unhealthy to savagely unhealthy. What I am hoping for is that higher rates create more days on the market, cool price growth down, and at some point this year, we stop being negative and be positive on a year-over-year basis.
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 housingmarket. This article is part of our ongoing 2023 HousingMarket Forecast series. After this series wraps, join us on May 30 for the next HousingMarket Update Event.
This article is part of our 2022 – 2023 HousingMarket Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 HousingMarket Update. As a result, the local housingmarket is going to be subdued in 2023, especially in the first half of the year.
I recently wrote that 2025 could be a wildcard for the Fed and the economy as we observe the completed units by builders are piling up, and housing starts and permits are already at recession levels. As I write this article, the 10-year yield stands at 4.62%, down from a recent high of 4.81% earlier this week on Tuesday.
This article is part of our 2022-23 HousingMarket Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.
Editor’s note: This is the third in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, which was decided on Oct. 31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. It is no secret that many first-time homebuyers are struggling.
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