Housing Wire

DECEMBER 4, 2023

Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housing market. It’s looking like we’ll end 2023 with higher housing inventory than this time last year. It’s looking like we’ll end 2023 with higher housing inventory than this time last year. housing market in 2024.

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Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. economy, especially the mortgage and housing sector.

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Housing Wire

NOVEMBER 14, 2023

Watch the weekly housing market recap video above to get the latest housing market data download from Altos Research. Here are some key housing market data takeaways: Inventory peaks for the year There are 567,000 single-family homes on the market, which is unchanged from last week.

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Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”. It is just a super tight housing market.

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Housing Wire

OCTOBER 7, 2024

The purchase market is slower to respond, and the data now is still showing the positive impact of lower rates of recent weeks. Mortgage rates bounced back up over the last couple days, and it demonstrates how fragile this housing market recovery could be. This is measuring the total count of homes that are under contract now.

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Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housing market in the second half of 2022? over asking price. High octane stuff.

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Housing Wire

JUNE 21, 2021

Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. Generally, they go under contract in a day or two.”

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Housing Wire

OCTOBER 23, 2020

And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housing markets are still crazy right now. Contracts during this time also skyrocketed 62%. Miami Realtor Ines Flax, with One Sotheby’s International , said her housing market is heating up this winter.

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Housing Wire

JULY 15, 2024

If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. Good inflation data came in last week, the bond market rallied and mortgage rates took a notable dip below 7% for the first time in months. If so, how should we expect the housing market to react?

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Housing Wire

NOVEMBER 4, 2024

The hardest position to take in analyzing the housing market is one that is contrarian and bullish. When everyone knows that the housing market is sluggish and weak, but the data shows surprising strength. This week, we count 14% more homes in the contract pending stage now than a year ago.

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Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market 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.

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Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

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Housing Wire

JANUARY 13, 2025

Over time, our job at HousingWire will be to help everyone understand the market and financial impact that we can measure. Lets look at this weeks housing market data: Inventory dips Total inventory dipped this week to 624,000 single-family homes on the market. That was 3% fewer than the same week a year ago.

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Housing Wire

SEPTEMBER 7, 2023

She expects a market contraction this fall in the housing sector. However, high home prices and growing affordability challenges are the two factors weighing on prospective home buyers, said Sturtevant.

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Appraisal Buzz

FEBRUARY 21, 2025

The buyer rents the home as a tenant first, typically paying an up-front fee or down payment under an option contract to preserve the right to purchase the property within a set time period. Market Embraces Wave of Business Players About 2.4 Under a lease-purchase arrangement, the property seller also acts as the landlord. million U.S.

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Housing Wire

JANUARY 9, 2023

“With many homebuilders feeling the impact of rising mortgage rates on new-home sales, delivering units for rent is expected to continue to become a larger segment of the overall single-family housing market.”. on an annualized basis, according to Fannie Mae , to as much as 20%, according to some market forecasts.

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Housing Wire

JANUARY 6, 2025

These are new listings that take offers within a couple days of listing and go into contract immediately. We started tracking immediate sales during the pandemic, since the market at that time was dominated by multiple offers and bidding wars. There are 260,000 single-family homes in contract right now. Thats only 2.3%

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Cleveland Appraisal Blog

MARCH 30, 2021

This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. That is a lot of bread!

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Housing Wire

NOVEMBER 4, 2024

Having previously written about the Greater Boston housing market a few times for HousingWire, I’ve had the opportunity to get to know some of the area’s top agents and brokers. The homes I toured all went under contract within a week of being listed and, so far, at least two have sold for more than $20,000 over asking price.

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Housing Wire

JUNE 28, 2024

According to local real estate agents, the region’s housing market seems to have read the same memo, as June did not bring the same market boost as many have grown accustomed to. Data from Altos Research shows that the 90-day average number of days on market in Coos County is 49 days, up from 42 days a year ago.

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Housing Wire

OCTOBER 31, 2023

To get the weekly picture of the housing market, watch the video above. Inventory creeps up There are now 562,000 single-family homes on the housing market. This would be the first inkling of a housing market where sales could start to post year-over-year gains. Don’t have time? That’s up 1.5%

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Housing Wire

JANUARY 13, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. of builders showed profitability with $1 million plus contracts on average. Homebuilding Contract Values.

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Housing Wire

JULY 23, 2024

Mortgage rates continue to move lower this week even as higher borrowing costs have kept activity subdued across many areas of the housing market. Survey data released Tuesday by Bright MLS concluded that “affordability is increasingly becoming more of a challenge for potential homebuyers.“

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Housing Wire

SEPTEMBER 28, 2023

An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Yun also expressed concern about a possible government shutdown, which could worsen the conditions in the housing market. “It Existing home sales also fell in August, down 15.3%

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Housing Wire

SEPTEMBER 9, 2024

While inventory of unsold homes in the housing market in each of the last two years headed higher during September and October due to mortgage rate spikes, we’re seeing a more normal seasonal pattern now with inventory beginning to decline. In fact, for every two sales, there is another listing withdrawn from the market.

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Housing Wire

NOVEMBER 27, 2023

Watch the video above to get the latest housing market update from Altos Research. Inventory (finally) peaks for the year Housing inventory was down by 0.7% There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. Short on time? from last week.

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Housing Wire

JULY 28, 2022

If mortgage rates peak, Fratantoni said, “potential buyers who had been scared off by the rate spike, might find their way back to the housing market.”. Census and the Department of Housing and Urban Development. Signed contracts to purchase existing homes declined a wider-than-expected 8.6%

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Housing Wire

MAY 13, 2024

All in all, you can see how effectively 7% mortgage rates have slowed the housing market. New listings Slightly fewer new listings hit the market this week — 69,000 single-family homes that are newly listed, plus another 20,000 listed that are already under contract. Altos Research is measuring fewer days under contract.

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Housing Wire

NOVEMBER 20, 2023

It looks like this is evidence that housing markets are returning to normal rather than a case of sellers panicking, but it’s worth keeping an eye on. Watch the video above to get the latest housing market update from Altos Research. This week, the available inventory of unsold single-family homes crept up minimally.

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Housing Wire

OCTOBER 24, 2023

For home prices to adjust significantly, we need an imbalance of supply versus demand, and this market is surprisingly balanced. To get the weekly picture about the housing market, watch the video above. 23, there were 554,000 single-family homes on the market. Don’t have time?

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Appraisal Buzz

MARCH 14, 2025

Homebuyers who are lookingto purchasein a Special Flood Hazard Area (SFHA) may encounter challenges even after obtaining financing and getting ready to close because they cannot proceed without it. If the delay is too long, some contracts may expire, leading buyers to renegotiate or back out of the deal. How Will This Affect the U.S.

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Housing Wire

SEPTEMBER 28, 2021

Home price growth remained scorching hot as the housing market entered the dog days of summer, but data released in the weeks since indicate cooler days in the months to come,” Matthew Speakman a Zillow economist said in a statement. Taken together, these factors have created a double-whammy for home price growth.”.

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Housing Wire

AUGUST 31, 2021

“While the housing market feels like it has legs that never get tired, inventory and affordability constraints are still expected to put a damper on price growth,” said CoreLogic Deputy Chief Economist Selma Hepp. June marked the highest annual rate of home price growth since the index debuted in 1987, beating out the 16.8%

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Housing Wire

MARCH 15, 2024

Prospective homebuyers have more options to choose from in the housing market, which could help spur sales this spring. Despite an influx of new listings, the market remains competitive for attractive, well-priced properties. Such homes went under contract typically after 17 days on the market.

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Housing Wire

MAY 22, 2024

This growth is a positive housing story in 2024, something I talked about on Yahoo Finance this morning. One difference between 2023 and 2024 is that this year the pending contract data shows small but steady year-over-year sales growth. from March to a seasonally adjusted annual rate of 4.14 million in April.

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Housing Wire

NOVEMBER 24, 2020

. “These elevated levels of market competition have been placing upward pressure on prices for months, but home prices have just recently begun to take off in earnest. Homes went under contract two weeks faster in September than they did a year earlier, but construction is playing catch-up to feed the frenzy, said Speakman.

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Housing Wire

JANUARY 31, 2023

Because most home sales take several months from contract to closing, the data likely includes some deals struck in July and August.) Looking ahead, Lazzara expects prices to continue to soften given the uncertainties faced by the housing market and the economy as a whole. “As to a reading of 313.07.

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