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It is no secret that housinginventory is low. As of June 2, there were 433,104 single family homes on the market nationwide, according to data from Altos Research. households earn $75,000 or less, meaning that in a balanced market, 51% of the homes for sale would be affordable to buyers in this income bracket.
The National Association of Realtors (NAR) has announced 10 top hot spots for the 2025 housingmarket based on economic, demographic and housing factors predicted to significantly impact local markets. Areas with a larger share of these homeowners may see an uptick in listings, helping to ease supply constraints.
Additionally, analysts believe the steep decline of the housingmarket over the past 18 months and the commission lawsuits may lead many low producing or more casual agents to leave the business, allowing the top performing agents, who typically have a higher commission split with their broker, to gain more market share.
In a tight housingmarket with a shortage of inventory and soaring rates, many homebuyers are opting for ARMs, which carry lower rates for an initial period of fixed interest and amortize over a 30-year term. . For the next six months, we expect ARMs to have some popularity,” said Johnson.
When recent comparable sales are limited, the Case-Shiller Index offers empirical data that helps appraisers make informed time adjustments, ensuring that property values reflect current market conditions. This historical data can be critical for retrospective appraisals or when evaluating investment potential.
In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. As a result, there’s less demand for the available inventory, creating more price adjustments. See chart below.
Unlocking the Basics: Part 2 of Housing Statistics for Beginners In my last blog post, which was the first installment in this multi-part series, I discussed why it is important for agents to be aware of local housing statistics. In a seller’s market, where there are more buyers than available homes, prices might be higher.
The housingmarket around the Greater Boston area is enduring a market climate never seen before as a result of the COVID-19 pandemic. Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since.
As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market.
2022 started with low inventory and high competition as predicted , but by April rates began their ascent and the market began its shift. Since then, as rates and inflation have continued to influence consumer sentiment and spending, inventory has remained low as sellers hesitate to dive into the market.
Houston HousingMarket Forecast: Current Data & 2021 Predictions. Concerned about a housingmarket crash? SUMMARY: Coming off a record year, the Houston real estate market started 2021 in a seller’s market. The market will see an influx of price drops and hikes due to low inventory and high demand.
One of the many matters of importance to Americans is your strategy for housing. As the rest of the country waits, debates, and predicts an economic recession, the United States housingmarket has been languishing in a historic one for nearly 3 years. Per a 2024 study by Immigration Impact, nearly 1.6
Unique Properties, Rocket Mortgage Sues HUD, Trump Shifts in HousingMarket? Rocket Mortgage Sues HUD Over Regulatory, Enforcement Discrepancies Donald Trumps Second Term Could Bring Significant Shifts to the HousingMarket Report: Whats Driving the Recent Refi Boom? Mortgage applications increased 5.4
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