Housing Wire

AUGUST 29, 2024

Unsold inventory of homes on the market has been climbing in the U.S. In general, inventory rises with rates because more expensive money slows demand. When demand slows, inventory grows. Inventory is climbing but it’s still pretty restricted. And importantly, inventory isn’t growing everywhere equally.

Inventory 482

Inventory Real Estate Housing Market Construction 482

Housing Wire

JUNE 24, 2024

Inventory grew by almost 14,000 homes this week. Available inventory of unsold homes continues to grow but that growth in seems a bit less intense than it could be. He expects the second half of the year to see even more inventory growth. Inventory increases by 2.2% Sellers can just wait it out, and it looks like the U.S.

Inventory 458

Inventory Sellers New Listings Property Taxes 458

Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. Weekly housing inventory The numbers this week are unfortunate: inventory should be growing like it does at this time every year.

Inventory 505

Inventory Housing Market Marketing New Listings 505

Housing Wire

JUNE 4, 2023

Last week we saw a noticeable slowdown in housing inventory growth that I hope has more to do with a holiday week than a trend. Here’s a quick rundown of the last week: Active inventory grew 3,180 weekly , and new listing data fell week to week and is still trending at an all-time low in 2023. From the St.

Inventory 468

Inventory Housing Market Marketing New Listings 468

Housing Wire

OCTOBER 8, 2021

home price increase translated into a monthly mortgage payment of $1,179 on a median-priced home — not including property taxes and insurance. Renovated Inventory to the Rescue. Top Markets for Renovated Inventory. The post Top markets for affordable renovated housing inventory appeared first on HousingWire.

Renovations 543

Renovations Inventory Marketing Property Taxes 543

Housing Wire

SEPTEMBER 19, 2023

Title premium volume continued to trend downward during the second quarter of 2023 as high mortgage rates and low housing inventory continued to plague the real estate industry. billion in title insurance premiums, down from $6.21 billion in title insurance premiums, down from $6.21 Commonwealth Land Title Insurance Co.

Insurance 435

Insurance Real Estate Marketing Inventory 435

Appraisal Buzz

JULY 24, 2024

This trend is contributing to a glut of unsold inventory. The total number of homes for sale recorded its largest year-over-year gain in June, as listings remain on the market longer, causing inventory to accumulate. The rise in stale inventory is most pronounced in Texas and Florida.

Inventory 435

Inventory Marketing HOA Contracts 435

Housing Wire

JUNE 25, 2023

Summer is here, and housing inventory is finally growing! The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. Here’s a quick rundown of the last week: Active inventory grew 8,886 weekly. million Last year at this time it was 1.15

Inventory 435

Inventory Housing Market Marketing New Listings 435

Housing Wire

APRIL 13, 2021

Title insurers wrote $19.2 low inventory. “The true test of whether 2020 volume represents a unique event will be whether the historically low inventory of homes for sale continues into the summer,” Tomb said. Just how fruitful was 2020 for title insurers? segment pretax margin of title insurance and services.

Insurance 370

Insurance Inventory Marketing Mortgage 370

Housing Wire

MAY 9, 2022

The American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to the trade group’s Market Share Analysis , published Friday. The title insurance industry generated $26.2 The title insurance industry generated $26.2

Insurance 370

Insurance Home Value Inventory Real Estate 370

Housing Wire

JULY 26, 2023

We immediately reach out to an insurance agent to see the insurability of the house because it is becoming more and more of a problem,” Armstrong, a Compass agent in San Diego, told HousingWire’s Brooklee Han in a feature we published Tuesday. Insurance policies for homeowners are skyrocketing. The result?

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Insurance Housing Market Marketing Supply Chain 370

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

Housing Wire

JUNE 26, 2023

In the title insurance industry this resulted in a drop in capital adequacy , according to a report released Friday by Fitch Ratings. Rising mortgage rates , lower homebuyer demand and fewer homeowners choosing to sell their homes caused the housing market to slow during the second half of 2022.

Insurance 370

Insurance Housing Market Inventory Marketing 370

Housing Wire

SEPTEMBER 11, 2024

Other holding costs for real estate include taxes and insurance. According to S&P Global, insurance premiums increased nationally by 34% between 2017 and 2023, with even more increases hitting homeowners in 2024. In particular, insurance can be a significant portion of monthly payments.

Mortgage 468

Mortgage Insurance Inventory Buyers 468

Housing Wire

AUGUST 7, 2024

Single-family rental (SFR) investors are worried about the rising cost of home insurance, but the majority expect to buy more properties in the next year as mortgage rates cool and home-price growth subsides. This is due in part to skyrocketing insurance costs in many parts of the country. home insurance rates jumped 11.3%

Investors 459

Investors Real Estate Insurance Landlords 459

Housing Wire

DECEMBER 2, 2024

Despite being the beneficiaries of historic increases in home-price appreciation during and after the COVID-19 pandemic , older baby boomers — many of whom are approaching the age of 80 in 2025 — are now finding themselves challenged by a dearth of housing inventory that can best accommodate living in later life.

Insurance 418

Insurance Inventory Business Law 418

Housing Wire

OCTOBER 10, 2024

As of this week, the death toll has surpassed 230 and thousands of homes, many without flood insurance , have been destroyed. Insurance and inventory An alarming statistic is that most homeowners in these areas are not insured by the private insurance market or by the National Flood Insurance Program (NFIP).

Insurance 375

Insurance Inventory Property Taxes New Listings 375

Housing Wire

JUNE 10, 2024

The increase reflects rising home prices, which went up 40% since the beginning of the COVID-19 pandemic , mainly due to a lack of inventory, according to the study. It’s also due to growing property taxes and homeowners insurance premiums as providers exited states where risks are elevated.

Property Taxes 518

Property Taxes Insurance Home Value Inventory 518

Housing Wire

MARCH 21, 2024

House of Representatives ‘ Financial Services Subcommittee on Housing and Insurance. The biggest challenge in today’s housing market is the lack of inventory , Fratantoni said in his written statement on Wednesday. The Basel Endgame proposal — issued by the Federal Reserve , Federal Deposit Insurance Corp.

Insurance 453

Insurance Lending Inventory Mortgage 453

Housing Wire

NOVEMBER 22, 2024

As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. But acquisitions were also somewhat easier in these markets due to rising inventory.

Investors 434

Investors Mortgage Property Taxes Inventory 434

Appraisal Buzz

SEPTEMBER 4, 2024

According to a new study from Redfin , condo prices are falling in major Florida and Texas metros, as inventory piles up and buyers back off, as high HOA fees and insurance costs are making condos a tough sell in this current marketplace. In Houston, condo inventory is up 35.9%, pending sales are down 35.3%

HOA 397

HOA Insurance Inventory Investors 397

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. Available inventory of home for sale is ticking up Hence, homebuyers are encouraged to negotiate with sellers, who seem willing to make concessions.

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Sellers Buyers Inventory Real Estate Agent 516

Housing Wire

SEPTEMBER 12, 2024

That’s according to a Zillow report released Thursday in which the Seattle -based real estate company said that “lower mortgage rates and rising inventory are giving home buyers a window of opportunity at an unusual time of year.“ Beyond that, more inventory is becoming available — enough to improve buyer negotiating power.

Housing Market 482

Housing Market Marketing Inventory Buyers 482

Real Estate News

APRIL 19, 2024

Active listings are back to pre-pandemic levels, but home prices — and home insurance costs — keep going up, creating a tough market for buyers and sellers.

Inventory 295

Inventory Insurance Sellers Buyers 295

Housing Wire

APRIL 29, 2024

The bearish take is that there are many more sellers than buyers and inventory is rising. Housing inventory There are now 556,000 single-family homes on the market. Unsold inventory now is almost 32% higher than at this time last year — and it’s 90% higher compared to the end of April 2022. Mortgage rates are at 7.5%

Sellers 508

Sellers Marketing Inventory Contracts 508

Housing Wire

APRIL 17, 2024

And last month’s level of unsold inventory was up 23.8% Fewer insurance options may be hampering sales in the Golden State. Last month, State Farm General Insurance announcedthat it would not renew some 30,000 policies for single-family owner-occupied and rental homes. year over year, although it was down 13.3%

Insurance 459

Insurance Housing Market Realtors Inventory 459

Housing Wire

MAY 20, 2024

Price reductions typically peak in November before resetting for the holidays and the fresh inventory in the spring. In these markets, inventory is growing more rapidly and other costs, such as insurance and taxes, are up a lot. Inventory There are now 578,000 single-family homes unsold on the market. That’s up 1.7%

Inventory 468

Inventory New Listings Sellers Contracts 468

Housing Wire

AUGUST 3, 2022

For Auction.com clients, per the survey, some 23% expect their SDQ inventory as of June 2022 “to go to foreclosure auction in the following 12 months,” Auction.com reports. Some 20% of clients, however, expect more than 30% of their SDQ inventory to wind up in foreclosure over the next 12 months. Presented by: Altisource.

Inventory 482

Inventory Clients Government Sellers 482

Housing Wire

JUNE 18, 2023

Active housing inventory grew while new listing data fell. Here’s a quick rundown of the last week: Active inventory grew 8,041 weekly. Weekly housing inventory This year’s housing inventory theme has been a walking dead musical chorus of a zombie trying to escape a grave. 6% for a year. Slow and steady and late!

Housing Market 505

Housing Market Marketing Inventory New Listings 505

Housing Wire

OCTOBER 18, 2024

” A combination of soaring insurance rates and new regulations on condo association reserves and building maintenance work has created a surge in condo inventory in Florida. Inventory has also been surging — it was up to nearly 10,000 units last week, a sharp rise from about 6,300 a year ago.

Marketing 524

Marketing Mortgage Finance Lending 524

Housing Wire

OCTOBER 21, 2024

Yet ‘renting by choice’ is also on the rise as it offers flexibility, less financial commitment, and freedom from the burdens of property taxes, maintenance, and insurance. While many markets are chronically plagued by a housing shortage and low inventory, others are struggling with a rising oversupply and stalled sales.

Real Estate 493

Real Estate Marketing Insurance Property Taxes 493

Housing Wire

MAY 7, 2024

Even with the long-anticipated break in for-sale inventory, the surging cost of homeownership , further fueled by rising insurance and tax expenses, is holding potential home sales back, as is evident in the slow rise in sales compared with last year.

Inventory 459

Inventory Insurance Buyers Mortgage 459

Housing Wire

OCTOBER 24, 2024

Active inventory is growing here, but it isn’t the total active inventory we see in the chart below that makes the builders nervous — it’s the amount of completed units for sale with rising mortgage rates. Below are some charts showing the data lines related to the new home sales report.

Construction 488

Construction Property Taxes Inventory Mortgage 488

Housing Wire

MAY 21, 2023

New listings data fell, however, active inventory grew. Weekly housing inventory They say slow and steady wins the race; well, for housing inventory in 2023, it’s been terribly slow this spring. Here is my crazy stat for the week: Last year at this time, the weekly active inventory grew by 25,542 in just one week.

Housing Market 511

Housing Market Marketing Inventory New Listings 511

Appraisal Buzz

JUNE 11, 2024

In addition, insuring a home is becoming a harder chore than before as more-and-more insurance companies pull out of the state due to the cost of doing business from the repeated natural disasters that occur in the state. In Cape Coral, inventory is up 64%, median price per square foot is down 2.9%, and 37.5% a year earlier.

Insurance 370

Insurance Construction Housing Market Inventory 370

Housing Wire

MAY 6, 2024

Inventory increases aren’t occurring at a super fast pace, but the number of homes on the market across the country keeps expanding. Elevated mortgage rates slow demand so that inventory grows, but in years past, the total sales volume has been restricted by the limited supply. Let’s dig further into the details of the U.S.

Inventory 476

Inventory Contracts Sellers New Listings 476

Housing Wire

DECEMBER 9, 2024

We know inventory has been climbing all year. The northern cities have tight inventory and rising prices, some of the Sunbelt cities have the most inventory in many years, and some markets even have falling prices, too. Inventory is growing Lets start with supply. Inventory shrank every year for most of the decade.

Housing Market 418

Housing Market Marketing Inventory Sellers 418