Housing Wire

AUGUST 2, 2024

properties sold at foreclosure auction, showed that this trend is being fueled by rising levels of inventory on the retail market. Data from Altos Research found that the inventory of single-family homes for sale was up 40% year over year at the end of July.

Inventory 476

Inventory Retail Buyers Renovations 476

Housing Wire

MARCH 27, 2025

For all of 2024, buyers put down an average of $29,900, or 14.4% “As inventory recovers, the housing market is very slowly tilting toward more balance between buyers and sellers. ” How can buyers afford to put more down? . ” How can buyers afford to put more down? Down payments were 3.4

Buyers 248

Buyers Inventory Housing Market Government 248

Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”

Inventory 488

Inventory Renovations Real Estate Government 488

Housing Wire

DECEMBER 18, 2024

“Buyers remained active in the purchase market , helped by gradually improving inventory conditions and a more positive outlook on the economy and job market. Meanwhile, government loan activity increased across all loan types, excluding U.S. Purchase activity was up 1% during the week. of all applications.

Mortgage 395

Mortgage Contracts Government Inventory 395

Housing Wire

APRIL 8, 2021

The Conventional MCAI that measures loans not backed by the government gained.8%. The Government MCAI that includes mortgages backed by the Federal Housing Administration , the Veterans Administration and the U.S. The post Looser mortgage credit may give first-time buyers a chance appeared first on HousingWire.

Buyers 521

Buyers Mortgage Housing Market Government 521

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. Mortgage rates followed suit, walloping buyers’ purchasing power. New data from the U.S.

Inventory 459

Inventory Sellers Mortgage Marketing 459

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

Inventory 435

Inventory Renovations Supply Chain Buyers 435

Appraisal Buzz

MARCH 27, 2025

As inventory recovers, the housing market is very slowly tilting toward more balance between buyers and sellers. Todays home sales are skewed toward higher-end homes, and this means larger down payments from more financially prepared, high-earning buyers as entry-level and lower-earning buyers sit out.

Buyers 248

Buyers Inventory Housing Market Government 248

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

Real Estate 497

Real Estate Buyers Agents Sellers 497

Appraisal Buzz

FEBRUARY 5, 2025

Demand at distressed property auctionsfor both foreclosure auctions and bank-owned (REO) auctionshas drifted lower to end 2024 as market headwinds such as rising retail inventory and higher-for-longer mortgage rates intensified for the local community developers buying at auction.

Retail 334

Retail Inventory Housing Market Sellers 334

Appraisal Buzz

OCTOBER 23, 2024

Just waiting for the market to correct and find balance,” wrote one Auction.com buyer, in response to a survey regarding the impact of market conditions on bidding and purchasing behavior at auction. The survey was conducted between Sept. A lot of customers also cited election-related uncertainties as a rationale for delaying purchases.

Retail 370

Retail Marketing Inventory Buyers 370

Housing Wire

FEBRUARY 26, 2025

Buyers, sellers and practitioners in the housing market pay close attention to the headlines that emerge from various changes in market activity, and sometimes those headlines can lead to fear. But there is also a 28% surge in inventory compared to this time in 2024, though the inventory increases are not evenly distributed nationally.

Housing Market 225

Housing Market Marketing Inventory Sellers 225

Appraisal Buzz

JULY 6, 2021

The Urban Institute (UI) says it appears that the current sellers’ market is having a negative impact on government backed loans and the borrowers who need to use them. The post Sellers Are Rejecting FHA/VA Backed Offers; Buyers Passing Instead of Compromising appeared first on Appraisal Buzz.

Sellers 370

Sellers Buyers Government Inventory 370

Housing Wire

DECEMBER 7, 2020

For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month Keep this rule of thumb in mind for the future, below 4.3 Existing Home Supply.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

FEBRUARY 13, 2025

Nationwide housing inventory showed a glimmer of recovery toward the end of 2024. But these new listings aren’t attracting buyers, and pending home sales dropped 4.2% Tariffs and federal workforce reductions are also troubling many buyers and sellers. month over month in January. According to the report, Washington, D.C.,

Buyers 315

Buyers Government New Listings Inventory 315

Housing Wire

APRIL 19, 2023

However, with limited for-sale housing inventory, these higher rates are primarily challenging for potential first-time homebuyers. in the conventional market, but decreased by 14% in the government space. As the banking crisis stabilized last week, mortgage rates increased, reducing borrower demand for home loans. the week prior.

Buyers 397

Buyers Mortgage Marketing Inventory 397

Housing Wire

MAY 10, 2021

And the conversations are different right now for buyers — you’re going to be competing for homes, and you have to bring your A-game and a really competitive offer.” “We’re seeing a big shift in what buyers are willing to pay to get here — they’re coming to the table with cash, even during the pandemic.”

Buyers 339

Buyers Real Estate Agent Real Estate Inventory 339

Housing Wire

SEPTEMBER 13, 2023

It allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. Moreover, many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. So why is this program so rare?

Mortgage 459

Mortgage Government Advertising Buyers 459

Housing Wire

MARCH 26, 2025

This is what happens when you have government by a committee of 900, Cantrell said. We have been vocal in our position on Clear Cooperation, advocating for reform that balances buyer visibility and seller choice, an Anywhere spokesperson wrote in an email. It is just classic NAR propaganda.

Sellers 369

Sellers Real Estate Agents Brokerage 369

Housing Wire

APRIL 14, 2023

The benefits of homeownership only accrue if first-time buyers can both successfully purchase a home at a reasonable price and remain in it for the long-term, weathering various economic cycles. However, buyers are contending with rising interest rates , high home prices and constrained inventory. Mortgage Insurers.

Finance 370

Finance Buyers Insurance Housing Market 370

Housing Wire

SEPTEMBER 7, 2023

But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. You’ve got current economic conditions that are not opportunistic for a homebuyer right now, inflation is still out there and it’s all constraining buyers’ ability to spend. “You’ve

Buyers 418

Buyers Agents Loan Officers Real Estate 418

Housing Wire

SEPTEMBER 28, 2023

Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said. Some would-be home buyers are taking a pause and readjusting their expectations about the location and type of home to better fit their budgets.”

Housing Market 497

Housing Market Contracts Government Buyers 497

Housing Wire

AUGUST 26, 2021

” Khater added that purchase application demand is improving, but very low inventory is the major obstacle to higher home sales. Lower rates led to an increase in refinance applications, with government loan applications jumping 10 percent to the highest level since May 2021.”. increase from last year at the same time.

Mortgage 493

Mortgage Inventory Government Construction 493

Housing Wire

NOVEMBER 11, 2022

“For most parts of the country, home prices are holding steady since available inventory is extremely low,” Yun said. While the unprecedented uptick in mortgage rates led to a lack of demand from buyers, it has also acted as a deterrent for homeowners, who are hesitant to list their homes for sale in a tough market.

Inventory 508

Inventory Housing Market Realtors Mortgage 508

Housing Wire

MARCH 24, 2021

Refinance activity dropped to its slowest pace since September 2020 – down a full 5% – with declines in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. Inadequate housing inventory continues to put upward pressure on home prices,” Kan said.

Mortgage 497

Mortgage Contracts Inventory Buyers 497

Housing Wire

MAY 7, 2021

A recent study by the National Association of Home Builders found that regulations imposed by all levels of government on new homes account for $93,870, or 23.8%, of the current average sales price ($397,300). To illustrate how costs have soared , the $35,872 is on top of the $93,870 imposed by the government.

Construction 488

Construction Inventory Government Development 488

Housing Wire

OCTOBER 15, 2020

“It appears that an increased number of vacant foreclosure properties may be an unintended consequence of the foreclosure moratoria put in place by federal, state and local governments,” said Rick Sharga, executive vice president at RealtyTrac, a subsidiary of ATTOM Data Solutions, in the report. Seeking new inventory sources.

Buyers 360

Buyers Development Renovations Retail 360

Housing Wire

SEPTEMBER 8, 2022

Since many people think of housing as a wealth creator — and we want more Americans to have more wealth — then the government needs to make sure demand stays high enough for that wealth product to grow. This can lead to home prices getting out of control , especially when total inventory gets to all-time lows.

Inventory 544

Inventory Law Housing Market Design 544

Housing Wire

FEBRUARY 13, 2024

Lower rates are likely to make homeownership accessible to more buyers and it should prompt some potential sellers who are locked in at a rate of 3% or less to list. In Birmingham, ERA King Real Estate agent Anna-Maria Ellison said that even without lower mortgage rates, she is seeing buyers return to the market. “It As of Feb.

Construction 435

Construction Supply Chain Inventory Agents 435

Housing Wire

DECEMBER 30, 2020

“The latest monthly decline is largely due to the shortage of inventory and fast-rising home prices,” said Lawrence Yun, NAR’s chief economist. pending home sales slid for the third consecutive month in November, dropping 2.6% year-over-year, according to a report from the National Association of Realtors.

Contracts 535

Contracts Inventory Realtors Government 535

Appraisal Buzz

MAY 22, 2024

“Rates coming down from recent highs spurred some borrowers to act, with increases across both conventional and government refinance applications. Purchase activity continues to lag despite this recent decline in rates, down 11 percent from a year ago, as potential buyers still face limited for-sale inventory and high list prices.”

Mortgage 431

Mortgage Government Inventory Buyers 431

Housing Wire

JULY 1, 2024

In the game of housing crisis Rochambeau, we play with income, inventory, and policy. Inventory cannot beat inadequate incomes, but better compensation policies can. Drawing on these trends as guides, it becomes evident that new inventory would be impotent in the crisis, slipping into the same unyielding snare of income inequality.

Real Estate 532

Real Estate Government Inventory Housing Market 532

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. “Buyers are still lining up a feverish pace,” Yun said. “Buyers are still lining up a feverish pace,” Yun said.

Supply Chain 448

Supply Chain Inventory Buyers Realtors 448

Housing Wire

SEPTEMBER 11, 2024

As of Wednesday, many loan officers were quoting in the low 6% range for conventional conforming mortgages, and in the mid-to-high 5% range for government loan products. In the chart below we’re calculating a typical mortgage payment for a home buyer at any given moment over the last three years. Over time, incomes grow.

Mortgage 468

Mortgage Insurance Inventory Buyers 468

Housing Wire

DECEMBER 15, 2021

decline in applications for government loans. Would-be homebuyers are finding it hard to compete with FHA and VA loans in a purchase market defined by low inventory. Housing demand remains strong as the year comes to an end amidst tight inventory and steep home-price growth,” Kan said. Refinances represented 63.3%

Inventory 435

Inventory Contracts Government Mortgage 435

Housing Wire

SEPTEMBER 7, 2021

Last week, the Biden administration unveiled a multi-pronged proposal for federal agencies to address the lack of housing inventory, ahead of action from Congress. billion — in government sponsored enterprise investments in Low-Income Housing Tax Credit projects. But Broeksmit pointed out that bigger changes depend on Congress.

Construction 448

Construction Government Inventory Finance 448

Housing Wire

AUGUST 3, 2023

government credit rating downgrade caused mortgage rates to rise this week,” said Sam Khater, Freddie Mac’s chief economist. Despite higher rates and lower purchase demand, home prices have increased due to very low unsold inventory.” Scarce inventory leads to a modest pace of sales for existing homes.

Mortgage 370

Mortgage Inventory Government Buyers 370