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

DECEMBER 21, 2024

Federal Reserve Chairman Jerome Powell played the Grinch last week for the housing market, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures.

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Sacramento Appraisal Blog

MAY 11, 2022

The housing market has shifted over the past month. That’s what the stats are showing, and it’s what we’re hearing from the trenches. Today I want to highlight what’s been happening in Sacramento, and unpack what I mean by “shift” too since this word can be sensationalized.

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Housing Wire

NOVEMBER 6, 2023

held up in 2023, sales volume in the housing market cratered. The industry is in a deep housing recession this year. If we get lucky with mortgage rates, though, we might just be at the bottom of the housing market recession right now. To get the weekly picture of the housing market, watch the video above.

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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

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

JANUARY 4, 2023

This article is part of our 2022 – 2023 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

DECEMBER 10, 2021

As we approach the end of another hot year for the market, homebuyers and sellers are eagerly looking ahead to the 2022 housing market. Will the market continue its streak of strong growth, or are we finally about to see a slow down? I’ll also highlight which variables we should be watching for unexpected market shifts.

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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

JULY 6, 2024

This is precisely what the doctor ordered for the housing market. In March of 2022, we only had 240,000 active single-family homes available for sale, leading me to call the housing market savagely unhealthy as we simply had too many people chasing too few homes. Last week, we returned close to recent lows.

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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

DECEMBER 9, 2024

Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Does the housing market start to get back to normal? Each week has very few sellers, but lower demand means longer time on market and growing inventory of unsold homes. Two and a half years.

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Sacramento Appraisal Blog

JULY 6, 2022

A quick change in rates has led to a quick change in the housing market. UPCOMING (PUBLIC) SPEAKING GIGS: 7/15/2022 Lunch & Learn Big Market Update (sign up here)) […]. We didn’t see much difference right away in the stats, but we are finally getting some good numbers now. Let me show you what I mean.

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Housing Wire

DECEMBER 16, 2024

Lets look at last weeks data and see if we can tease out the signals for impact on the 2025 housing market. Housing inventory It is December, of course, so inventory is falling for the season. There will be fewer homes on the market each week until February or so. Can there be too many homes for sale?

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Housing Wire

MAY 4, 2023

All major housing market metrics point to a restrained housing market. The number of new listings coming on the market this spring is lower than it has been in more than a decade. Sales and new pending contracts are below pre-pandemic levels. What can we expect in 2023? Buyer disappointment.

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Housing Wire

JULY 29, 2024

Any sales growth momentum in the real estate market we might have had early in the year is gone. New home sales contracts are coming in pretty consistently fewer than last year — 4.9% Our Immediate sales measure of homes that get listed, take offers and go into contract in a few days is also notably lower than last year.

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Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. In a regular market, they would be closer to 5.25%.

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Housing Wire

FEBRUARY 12, 2024

But home sellers are gradually easing back into this housing market. Any time inventory rises, you start to see housing crash hyperbole on social media. There were 66,000 new listings this week, of which 14,000 are already in contract. Sellers are coming back to this housing market.

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Housing Wire

SEPTEMBER 19, 2023

This “higher for longer” conventional wisdom is working its way through the housing market. There are 345,000 single-family homes in the contract pending stage. In this chart the height of each bar is the total count of homes in contract. There were still 390,000 single-family homes under contract last year mid-September.

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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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Housing Wire

SEPTEMBER 12, 2024

The typical home sold in August took 20 days to go under contract, up from 18 days in July but down from 26 days in August 2019. Additionally, Zillow reported that “competition is stiff for attractive listings, with more than one-third of homes selling for over asking price.“ Homes are also selling more quickly compared to pre-pandemic days.

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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

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

JULY 3, 2024

Today’s housing market suffers from affordability issues due to mortgage rates in the 7s and high home prices. People are quick to panic over any part of the housing market that looks stressed, fearing we’ll see 2008 levels of destruction all over again. Why choose 2011?

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Housing Wire

NOVEMBER 11, 2024

We’re also at the seasonal decline time for the housing market. We have two more weeks where I expect more inventory of unsold homes on the market. We’re looking at the newly pending contracts here. We counted 51,000 new sales started this week for single family homes plus another 10,000 condo sales contracts.

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Sacramento Appraisal Blog

OCTOBER 2, 2024

And even the housing market feels a bit like the ’90s. Big pants, Nirvana t-shirts, and Doc Martens. Let’s talk about it.

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Housing Wire

JANUARY 19, 2023

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. 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.

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Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. 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. “Job in December, up from 71.6 in November.

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Sacramento Appraisal Blog

JANUARY 17, 2024

UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright & Mike Gobbi Event 9am (on Zoom here) 02/01/24 Gateway Event (private) 2/09/24 PCAR WCR Event […] The post The spring housing market is waking up & random stats first appeared on Sacramento Appraisal Blog.

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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 3, 2023

“Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates , which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home,” Lawrence Yun, NAR’s chief economist, said in a statement. On a month over month basis, all four of the major U.S.

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Housing Wire

JANUARY 22, 2024

For several weeks, I’ve been reporting data that shows the housing market growing in 2024. Those metrics, specifically the pace of new listings and new sales contracts, slowed this week. New listings and new contracts both still show a bit of improvement over 2023, but the growth rates have slid back down.

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Housing Wire

JULY 31, 2024

A reading of 100 is equal to the level of contract activity in 2001. NAR chief economist Lawrence Yun attributed some of the uptick to an increase in housing inventory. Even more inventory is expected to come onto the housing market in the upcoming months ahead of the normal, seasonal declines in the winter.”

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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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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

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

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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