Housing Wire

SEPTEMBER 19, 2023

This “higher for longer” conventional wisdom is working its way through the housing market. I interviewed Dr. Jessica Lautz from the National Association of Realtors for the Altos podcast and we talked about the prospect of 8% mortgage rates. There are 345,000 single-family homes in the contract pending stage.

Housing Market 439

Housing Market Marketing Inventory New Listings 439

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. in November.

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Contracts Housing Market Construction Inventory 478

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We As states reopen, Yun expects the market to remain hot.

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Contracts Realtors New Listings Real Estate 501

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?

Housing Market 344

Housing Market Marketing New Listings Contracts 344

Housing Wire

JANUARY 3, 2023

according to data released last Wednesday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. Yet, mortgage applications point to a thawing, but still cold, housing market as mortgage rates come down.”. month-over-month drop that resulted in an index reading of 73.9,

Contracts 498

Contracts Housing Market Realtors Construction 498

Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. Tightened supply was largely responsible for a 10.6% respectively.

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Inventory Contracts Housing Market Buyers 511

Housing Wire

JULY 31, 2024

After plummeting to an all-time low in May , pending home sales bounced back a bit in June, with the Pending Home Sales Index rising 4.8%, according to data released Wednesday by the National Association of Realtors (NAR). A reading of 100 is equal to the level of contract activity in 2001. The index rose from a reading of 70.8

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Housing Market Contracts Inventory Realtors 443

Housing Wire

APRIL 28, 2022

For the fifth consecutive month, pending home sales declined in March from February, down 1.2%, signaling a potential return to “much calmer” conditions, according to the National Association of Realtors. The post A more “normalized” housing market is on the horizon: NAR appeared first on HousingWire.

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Housing Market Marketing Contracts Mortgage 353

Housing Wire

OCTOBER 28, 2022

according to data released Friday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. Persistent inflation has proven quite harmful to the housing market,” Lawrence Yun, NAR’s chief economist, said in a statement. This is the fourth consecutive month of declines.

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Contracts New Listings Realtors Housing Market 515

Housing Wire

AUGUST 10, 2020

According to the National Association of Realtors , contract signings kicked off strong in August , with the most contract signings last week in the Midwest, at 21%. Since homebuying season was pushed back from this spring, realtor.com ’s Housing Market Recovery Index reported that August is the new May.

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Agents Business Inventory Real Estate Agent 544

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. 20, the National Association of Realtors said that contract signings were up 23% year over year. Now, believe it or not, fall home-buying season is in full swing.

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Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

MAY 30, 2024

in April compared to March as rising mortgage rates weighed on the market, according to data released Thursday by the National Association of Realtors (NAR). New-home sales , which are also based on contract signings, fell 4.7% Pending home sales sales dropped 7.7% Year over year, pending transactions fell 7.4%. All four U.S.

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Real Estate Agent Inventory Realtors Buyers 504

Housing Wire

SEPTEMBER 28, 2023

in August, according to data released Thursday by the National Association of Realtors (NAR). 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. Buyers are hitting affordability ceilings, causing some of them to sit out the market.

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Housing Market Contracts Government Buyers 441

Housing Wire

OCTOBER 1, 2020

“As a result of low mortgage rates that have stayed under three percent since July, the housing market has seen a strong, upward trajectory during a very uncertain time,” said Khater. Pending home sales, measuring signed contracts to purchase properties, soared 8.8% However, this time surpassed his expectations, he said.

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Mortgage Housing Market Contracts Realtors 542

Housing Wire

SEPTEMBER 26, 2024

After hitting the second-lowest level on record in July , pending home sales rose slightly in August, according to data released Thursday by the National Association of Realtors (NAR). A reading of 100 is equal to the level of contract activity in 2001. On a regional basis, contract signings rose in the Midwest (up 3.2%

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Contracts Realtors Housing Market Mortgage 356

Housing Wire

DECEMBER 11, 2024

This valuable information can significantly enhance our understanding of housing economics and what is coming next. The question is: How can we harness the data to give you more confidence when talking about the housing market? We have observed that pending contracts improved when mortgage rates dropped to around 6%.

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Contracts Housing Market Inventory Mortgage 363

Housing Wire

JULY 28, 2022

Mortgage rates leading up to June’s Fed rate hike surpassed the 6% level as higher-than-expected inflation data triggered volatility in the market, which led to turbulence in mortgage rates. 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.”.

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Housing Market Marketing Loan Officers Buyers 319

Housing Wire

DECEMBER 30, 2024

A report released Monday by the National Association of Realtors (NAR) showed an increase in pending home sales for the fourth consecutive month. NAR’s Pending Homes Sales Index (PHSI) report is a forward-looking source that predicts home sales based on contract signings. The report found that pending home sales jumped 2.2%

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Inventory Buyers Housing Market Mortgage 383

Appraisal Buzz

OCTOBER 30, 2024

The National Association of REALTORS (NAR) reports that pending home sales increased in September. increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8,

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Contracts Buyers Inventory Mortgage 418

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 Market Marketing Inventory Buyers 354

Housing Wire

NOVEMBER 30, 2020

in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% pending home sales fell 1.1% compared to a year ago.

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Inventory Realtors Contracts Development 535

Appraisal Buzz

JULY 31, 2024

increase was reported in June pending home sales by the National Association of REALTORS (NAR). The rise in housing inventory is beginning to lead to more contract signings,” said Lawrence Yun, NAR Chief Economist. The level of contract activity in 2001 is represented by an index of 100. In a new report, an estimated 4.8%

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Contracts Inventory Buyers Housing Market 397

Housing Wire

DECEMBER 30, 2020

year-over-year, according to a report from the National Association of Realtors. Year-over-year, contract signings increased by 16.4%. Although month-over-month contract activity fell in all four major regions, there were still gains in pending home sales transactions. Presented by: WFG.

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Contracts Inventory Realtors Government 535

Housing Wire

MAY 10, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. April was National Fair Housing Month. In February, NAR in partnership with Realtor.com released The Double Trouble of the Housing Market report.

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Housing Market Realtors Buyers Inventory 434

Housing Wire

AUGUST 30, 2023

in July, according to data released Wednesday by the National Association of Realtors (NAR). However, unlike the market for new homes , which has recovered convincingly above last year’s lows (+31.5%), pending home sales continue to lag behind year-ago levels (-14.0%). An index of 100 is equal to the level of contract activity in 2001.

Inventory 430

Inventory Contracts Buyers Realtors 430

Housing Wire

NOVEMBER 21, 2024

Home prices firmed up in today’s existing home sales report , but we caught on to this trend two months ago with our Housing Market Tracker. From the National Association of Realtors : Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – expanded 3.4%

Mortgage 411

Mortgage Housing Market Inventory Contracts 411

Housing Wire

NOVEMBER 3, 2023

Thanks to provisions in both Anywhere’s and RE/MAX’s settlement agreements , as well as Redfin’s announcement that it would be requiring agents to cancel their National Association of Realtors membership, much of the speculation has focused on what will become of NAR’s 1.5 million members. Certainly there are a lot of places in the U.S.

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Realtors Agents Contracts Brokerage 433

Housing Wire

JANUARY 29, 2024

Last week, the National Association of Realtors released their December pending sales data. We shared that sales growth data back in December as it was happening in the housing market. We shared that sales growth data back in December as it was happening in the housing market. So, this growth is fragile.

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Contracts Inventory Housing Market Mortgage 424

Appraisal Buzz

DECEMBER 19, 2024

The National Association of Realtors reports that existing-home sales increased in November. Lisa Sturtevant, Chief Economist for Bright MLS, revealed her thoughts on the Existing Home Sales report: The National Association of Realtors reported this morning that existing home sales were at a seasonally-adjusted rate of 4.15

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Inventory Realtors Buyers Contracts 396

Housing Wire

DECEMBER 16, 2022

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. The housing affordability crisis has pushed potential buyers to the sidelines.

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Buyers Realtors Inventory Sellers 489

Housing Wire

JUNE 27, 2024

After rising in March , pending home sales continued to slide in May, with the Pending Home Sales Index (PHSI) posting its second consecutive month of declines to reach a record low, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001.

Inventory 493

Inventory Contracts Realtors Buyers 493

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 Market Inventory Buyers Real Estate 468

Housing Wire

MAY 25, 2023

After falling for the first time since November 2022 in March , pending home sales remained unchanged in April, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. annual drop recorded in March.

Inventory 356

Inventory Housing Market Contracts Government 356

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. After posting a 2.5% compared to a year ago. in 2023 and 5.4%

Housing Market 428

Housing Market Realtors Contracts Buyers 428

Housing Wire

DECEMBER 10, 2020

At the National Association of Realtors Real Estate Forecast Summit on Thursday, NAR’S Chief Economist Lawrence Yun explained that although many are working from home now, he doesn’t expect that change to be permanent. In October, homebuyer traffic increased 32% year over year, while pending contracts increased 20% year over year.

Real Estate 496

Real Estate Realtors Housing Market Contracts 496

Appraisal Buzz

JANUARY 27, 2022

Pending home sales fell in December, denoting two straight months of declines, according to the National Association of Realtors. regions posted both month-over-month and year-over-year drops in contract activity. An index of 100 is equal to the level of contract activity in 2001. The post Housing Market Sees a 3.8%

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Housing Market Contracts Marketing Realtors 195

Housing Wire

OCTOBER 12, 2022

The forecast for the housing market in 2023 gets worse by the month, with the latest report predicting a million-plus decline in existing home sales. The slowing effect on the housing market of the higher mortgage rate environment has been largely predictable, and home prices appear to have already begun trending downward.”.

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Contracts Modernization Housing Market Mortgage 448