Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 380

Mortgage Real Estate Inventory Construction 380

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Here’s my forecast for 2024: 10-year yield and mortgage rates For 2024, the 10-year yield range will be similar to 2023, but with a few different variables to watch. Instead, they closed 2023 at 6.67%.

Housing Market 527

Housing Market Marketing New Listings Construction 527

Housing Wire

JUNE 6, 2023

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. A strong economy and relatively high mortgage rates have pushed some movers to the rental market, boosting demand.

Real Estate 453

Real Estate Inventory Construction New Listings 453

Housing Wire

JANUARY 26, 2024

The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. million and a 15.8%

Contracts 478

Contracts Housing Market Construction Inventory 478

Housing Wire

AUGUST 3, 2022

To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% It’s savage man, truly savage with the mortgage rate rise.

Mortgage 513

Mortgage Inventory Sellers Housing Market 513

Housing Wire

OCTOBER 20, 2022

Mortgage rates have more than doubled from the beginning of the year and homebuyers facing affordability challenges are increasingly turning to adjustable-rate mortgages (ARMs) to reduce their monthly payments. The Freddie Mac’s index compiles purchase mortgage rates reported by lenders during the past three days.

Mortgage 424

Mortgage Sellers Buyers New Listings 424

Housing Wire

MAY 30, 2023

Low inventory , maintained by an extremely low level of new listings coming onto the market, has fueled demand amongst the few buyers who can afford to stay shopping. The average rate in March on a 30-year-fixed rate mortgage in March was 6.54%, with the rate dropping to 6.34% in April.

Mortgage 415

Mortgage Inventory Construction New Listings 415

Housing Wire

MAY 23, 2024

New home sales missed estimates , showing that demand isn’t crashing but not growing much either. However, we need to keep an eye on the housing construction data in this report because it has huge implications for the economic cycle, our recession risk and mortgage rates. In this report: 1.9 In this report: 1.9

Marketing 420

Marketing Construction Mortgage Housing Market 420

Housing Wire

MAY 28, 2024

Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. New listings climbed during the past week and there are now 72,000 more single-family homes on the market.

Inventory 515

Inventory New Listings Contracts Sellers 515

Housing Wire

JULY 20, 2021

Mortgage applications for new home purchases in June decreased 3% from May and 23.8% year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. This has dampened new home sales and quickened home-price growth.” percent,” Palim said Tuesday.

Housing Market 511

Housing Market Marketing Inventory Construction 511

Housing Wire

JANUARY 7, 2025

The new year has arrived, but little has changed regarding the direction of mortgage rates and their impact on the U.S. At HousingWire s Mortgage Rates Center on Tuesday, the 30-year fixed rate averaged 7.09%. ” Mortgage rates have continued to rise since the Federal Reserve meeting on Dec. housing market.

Housing Market 316

Housing Market Mortgage Marketing Inventory 316

Appraisal Buzz

JUNE 14, 2024

There have only been two months in the last decade with fewer home sales: October 2023, when mortgage rates reached a 23-year high, and May 2020, when the pandemic brought the housing market to a halt and home sales to an all-time low. Experts predict sales may increase later this year if mortgage rates gradually fall as projected.

Sellers 435

Sellers Buyers New Listings Mortgage 435

Inman

OCTOBER 19, 2023

Homebuyers are backing away from the market as mortgage rates continue to climb. But new listings aren't declining as quickly, Redfin reports.

New Listings 179

New Listings Buyers Marketing Mortgage 179

Housing Wire

APRIL 5, 2024

Headwinds like mortgage rates , low inventory and rising rents are still strong, but easing,” Zillow Senior Economist Orphe Divounguy, said in a statement. The increase in new listings this spring, due both to new construction and to more homeowners choosing to sell, will give buyers more options and help to ease price growth.

Housing Market 407

Housing Market Marketing Training New Listings 407

Housing Wire

JULY 20, 2023

Mortgage rates dropped to 6.78% this week, the biggest weekly decline since mid-March, as investors digested a raft of mixed incoming economic data. As inflation slows, mortgage rates decreased this week,” said Sam Khater, Freddie Mac ’s chief economist in a statement. By contrast, the 30-year was at 5.54% a year ago at this time. “As

Mortgage 288

Mortgage Construction Inventory Investors 288

Housing Wire

FEBRUARY 16, 2023

The truth is that if mortgage rates fell below 5.875% and kept going lower, everyone’s housing predictions would need to be revised this year because the builders can sell their homes with lower mortgage rates. This is why construction workers haven’t been laid off while other jobs in the housing market have been.

Construction 478

Construction Housing Market Inventory Mortgage 478

Housing Wire

AUGUST 23, 2023

Builders are taking advantage of the housing market inventory issues , which is why new home sales are growing yearly, even with higher mortgage rates. They will build as long as new home sales are growing. months, the builders will pause construction. Today, the U.S. When supply is 4.4-6.4 When supply is over 6.5

Mortgage 362

Mortgage Inventory Construction Sellers 362

Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. It also downsized its 2022 mortgage origination volume forecast by $55 billion to $3.25 trillion from the $4.36

Supply Chain 446

Supply Chain Inventory Government New Listings 446

Housing Wire

AUGUST 29, 2024

for two years, right along with rising mortgage rates. That means currently just over 700,000 single-family homes are unsold, with about 10% of those going into contract each week, and another 75,000 new listings. Since mortgage rates started rising in 2022, Americans have shifted into what we might call The Great Stay.

Inventory 479

Inventory Real Estate Housing Market Construction 479

Housing Wire

OCTOBER 20, 2020

” Mortgage Bankers Association Senior Vice President and Chief Economist Mike Fratantoni noted that single-family permits jumped 24.3% Builders are gearing up for an even faster pace in the months ahead, which is welcome news for households wanting to buy a new home,” Fratantoni said. . “The former rose 8.5%

Construction 494

Construction New Listings Housing Market Inventory 494

Housing Wire

JUNE 18, 2023

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Active housing inventory grew while new listing data fell. Mortgage rates hardly budged last week, even with the Federal Reserve ‘s announcement it was pausing rate hikes and CPI inflation reports.

Housing Market 472

Housing Market Marketing Inventory New Listings 472

Housing Wire

JANUARY 5, 2023

The 2022 housing market 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. Mortgage rates. So where does all that drama leave us for 2023?

Housing Market 530

Housing Market Marketing Inventory New Listings 530

Housing Wire

FEBRUARY 24, 2023

While the homebuilders weren’t surprised by the better-than-estimated new home sales report released Friday, some people were a bit shocked. 9 up until the early part of February as mortgage rates fell from 7.37% to 5.99%. To combat higher mortgage rates, builders have been cutting prices and buying down rates to move product.

Inventory 446

Inventory Construction Housing Market Mortgage 446

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” While Fischer attributes some of the uptick in activity to typical seasonality, he noted that the recent relative stability and even slight decreases in mortgage rates have also contributed. as of February 29, 2024. 23, 2024.

Housing Market 430

Housing Market Marketing Inventory Construction 430

Housing Wire

APRIL 15, 2024

New Orleans, San Antonio, Tampa, Orlando and Jacksonville are among the locales that posted the slowest month-over-month price growth in March. There are places where new construction relieved some pressure, and where homeowners are less locked into their mortgage, but not in the nation’s most expensive metros.

Housing Market 411

Housing Market Inventory Buyers New Listings 411

Housing Wire

JUNE 16, 2021

If the fed were to tighten policy, Fannie Mae’s ESR Group expects this to drag on upcoming housing market growth and even stifle home sales, house prices, construction and mortgage originations. million – an expected result of a market scrambling to get new builds up. Existing home sales pulled back in April by 2.7%

Housing Market 508

Housing Market Development New Listings Marketing 508

Housing Wire

JUNE 26, 2023

This lack of inventory has also resulted in the return of home price growth in recent months and has boosted new home construction, Fannie Mae ‘s Economic and Strategic Research (ESR) Group said Monday. The ESR group projects single-family mortgage originations for 2023 to be $1.59 Census Bureau showed that about 1.69

Inventory 351

Inventory Construction New Listings Housing Market 351

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 410

Inventory Housing Market Marketing Construction 410

Housing Wire

JULY 25, 2022

The Fannie Mae report projects “strong deceleration in home-price growth going forward” due to higher mortgage rates and the overall slowing economy affecting purchase demand. Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”.

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

Housing Wire

NOVEMBER 28, 2022

The downturn in the LEI reflects consumers’ worsening outlook amid high inflation and rising interest rates, as well as declining prospects for housing construction and manufacturing. In addition, we have a lot of two-unit construction built, which will bring more supply online. NAR total inventory data: 1,220,000 listings.

Transportation 522

Transportation Construction Housing Market Mortgage 522

Housing Wire

JANUARY 19, 2024

We don’t have any data that shows sales are crashing from this low level: this is key when looking at the future because it does give us a place to grow sales as long as mortgage rates fall. This sounds odd to people because mortgage rates went all the way to 8% , and price growth was picking up. Sales faded 6.2% All four U.S.

Housing Market 433

Housing Market Inventory Contracts Marketing 433

Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. Last year inventory was about to start climbing again with that autumn spike in mortgage rates. Last year’s late summer inventory growth was a reaction to a big change in mortgage rates. on the 30-year mortgage.

Contracts 394

Contracts Inventory Housing Market Buyers 394

Appraisal Buzz

OCTOBER 11, 2024

Pending sales—a more current gauge of housing market activity that includes both existing and newly constructed homes—fell to the lowest level on record aside from April 2020. Mortgage rates have been declining since spring, and in August dropped to the lowest level in over a year. New listings, seasonally adjusted 526,740 1.6%

New Listings 195

New Listings Buyers Housing Market Real Estate Agent 195

Housing Wire

DECEMBER 6, 2024

For buyers, you may want to link to new listings that fit their must-haves. This massive database goes back multiple decades and is consistently updated with each new census. Its the best place to find average mortgage rates. You can do the same with your social media channels.

Real Estate 328

Real Estate Clients Tools Sellers 328

Will Springer Realtor

OCTOBER 15, 2024

Now that the Federal Reserve has cut interest rates, home buyers should swarm the market with low-interest mortgages …. Consumers considering a change of address are holding out amid forecasts for lower mortgage interest rates in 2025. After the Fed rate cut, mortgage applications jumped 9% in a week. Hold on, there!

Housing Market 68

Housing Market Marketing Construction Buyers 68

McKissock

DECEMBER 10, 2021

They look at forecast models from seven different industry leaders: Zillow, Goldman Sachs, Redfin, Corelogic, Fannie Mae, Freddie Mac, and the Mortgage Bankers Association. “Higher mortgage rates will end double-digit price growth and new listings will hit a 10-year high,” predicts Redfin.

Housing Market 79

Housing Market Appraisal Marketing Appraisal Process 79

Empire Appraisal Group

SEPTEMBER 8, 2022

The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. NEW YORK – The rock-hard foundation of the U.S. Or to discourage mortgage brokers from lending. “The The number of home listings remains low nationally.

Housing Market 78

Housing Market Marketing Real Estate New Listings 78