Housing Wire

OCTOBER 8, 2021

home prices are quickly shifting the affordability calculus for prospective homebuyers in 2021 — even though mortgage rates have remained near record lows. from a year ago to $356,700, according to the National Association of Realtors. Even with an average 30-year fixed rate mortgage of 2.84% in August , the 14.9% Among 75 U.S.

Renovations 542

Renovations Inventory Marketing Property Taxes 542

Housing Wire

JULY 10, 2024

In a difficult housing market for Realtors, experience matters — a lot. That’s the conclusion of the 2024 Member Profile poll from the National Association of Realtors (NAR), which shows a sharp divergence in income when comparing more experienced agents to their less experienced colleagues.

Realtors 397

Realtors Inventory Agents Clients 397

Housing Wire

JULY 22, 2021

million, according to the National Association of Realtors. You can thank a rise in housing inventory for the gains. million in June 2020 as housing inventory has slowly improved in recent months. Total housing inventory at the end of June amounted to 1.25 from May’s inventory and down 18.8% Sales climbed 22.9%

Inventory 508

Inventory Buyers Realtors Construction 508

Housing Wire

JUNE 26, 2024

Homebuilders with unsold inventory are feeling the pinch of high mortgage rates — and it’s showing up in new-home sales data. This inventory pileup could start to affect new-home prices. The new-home sales numbers contrast substantially with the existing-home sales report for May from the National Association of Realtors (NAR).

Inventory 409

Inventory Realtors Marketing Mortgage 409

Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. What’s happening with inventory? Consumers are very sensitive to changes in mortgage rates , and rates are still rising. from last week.

Inventory 503

Inventory Contracts New Listings Mortgage 503

Housing Wire

OCTOBER 23, 2024

million, according to data released Wednesday by the National Association of Realtors (NAR) On a year-over-year basis, existing-home sales were down 3.5% And while the slower sales pace may not be great news for real estate professionals, it has resulted in an uptick in inventory , which is good news for homebuyers. After falling 2.5%

Inventory 367

Inventory Realtors Buyers Real Estate 367

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. As mortgage rates rose more and more, the October to January data was going to show big negative prints.

Inventory 487

Inventory Marketing Housing Market New Listings 487

Housing Wire

JULY 24, 2024

Homebuilders are still getting squeezed by high mortgage rates. The drop in sales is causing a rapid rise in unsold inventory. According to the June existing sales report from the National Association of Realtors (NAR), sales declined, but the price jumped 4.1% Though new home inventory in June remained elevated at a 9.3-month

Inventory 393

Inventory Construction Realtors Marketing 393

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. The perplexing part: Why are home prices not declining in this environment?

Inventory 478

Inventory Renovations Real Estate Government 478

Housing Wire

SEPTEMBER 5, 2024

Data released Thursday by Realtor.com and Redfin shows that even as more homes are being listed for sale and mortgage payments are becoming more affordable, fewer transactions are occurring. It was the 10th straight month of annualized growth and for-sale inventory is now at its highest level since May 2020.

Inventory 431

Inventory Buyers Sellers Mortgage 431

Housing Wire

AUGUST 26, 2021

The average 30-year fixed-rate mortgage held steady at 2.87% for the week ending in August 26, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates declined slightly to 2.86%. This week’s near constant mortgage rates may not yet reflect a rise in U.S.

Mortgage 493

Mortgage Inventory Government Construction 493

Housing Wire

NOVEMBER 8, 2024

With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action.

Realtors 348

Realtors Marketing Loan Officers Sellers 348

Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

Mortgage 456

Mortgage Real Estate Agent Inventory Housing Market 456

Housing Wire

OCTOBER 1, 2022

Mortgage interest rates have risen quickly in the past few months further eroding affordability. The monthly Realtors Confidence Index helps to dispel many of the myths and cut through the noise of what is currently happening in the market. In 2008, 49% of Realtors had a client with a distressed sale, today it is only 1%.

Realtors 402

Realtors Housing Market Marketing Buyers 402

Housing Wire

JANUARY 29, 2024

Most economists forecast mortgage rates to decline in 2024, stoking optimism about the housing market. According to the newest Bloomberg Markets Live Pulse Survey (MLIV Pulse), the rate on the 30-year fixed mortgage will fall to 5.5% million existing homes were sold, according to the National Association of Realtors.

Mortgage 415

Mortgage Inventory Investors Housing Market 415

Housing Wire

OCTOBER 23, 2024

Ohio REALTORS, one of the largest and most influential real estate associations in the Midwest, has announced its partnership with HousingWire , the leading source for housing market news and information. This partnership underscores Ohio REALTORS ‘ commitment to supporting its members through education and professional development.

Realtors 362

Realtors Agents Marketing Real Estate 362

Housing Wire

MARCH 25, 2021

The broader economy showed signs of recovery last week, pushing the average mortgage rate for a 30-year fixed loan up eight basis points to 3.17%, according to Freddie Mac ’s Primary Mortgage Market Survey. million, according to the National Association of Realtors. That’s a full 5% drop. Sales of existing homes fell 6.6%

Mortgage 539

Mortgage Construction Realtors Inventory 539

Housing Wire

JULY 1, 2021

The average 30-year fixed-rate mortgage fell four basis points from the week prior to 2.98%, according to data released Thursday by Freddie Mac ‘s PMMS. Within the past almost three months, mortgage rates have only peaked above 3% one time. More recently, however, mortgage applications dipped 6.9%

Mortgage 511

Mortgage Housing Market Realtors Inventory 511

Housing Wire

SEPTEMBER 3, 2024

With the calendar shifting to September and the next meeting of Federal Reserve policymakers only two weeks out, mortgage rates continue to recede and evidence suggests that borrowers are reacting to more favorable housing market conditions. Lower rates have recently sparked more activity in the mortgage market. year over year.

Mortgage 461

Mortgage Inventory Buyers Sellers 461

Housing Wire

MAY 15, 2024

This is an excerpt of a HousingWire Research report titled: What Everyone Needs to Know about Mortgage Rate Lock-in, by Altos President Mike Simonsen. housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. million in January 2021 (when mortgage rates were 2.7%) fell to 3.9

Mortgage 402

Mortgage New Listings Inventory Sellers 402

Housing Wire

NOVEMBER 21, 2024

The difference is mortgage rates: even with inventory growing at a healthy clip this year, mortgage rates just heading down toward 6% for a brief period of time resulted in higher prices in a seasonally soft period. However, that didn’t happen. from September to a seasonally adjusted annual rate of 3.96 million in October.

Mortgage 411

Mortgage Housing Market Inventory Contracts 411

Appraisal Buzz

AUGUST 14, 2024

Mortgage relief is on the horizon for U.S. The report predicts a year-end rise in both for-sale inventory and the median sales price of existing homes, projecting increases of 14.5% and 4.6%, respectively, despite ongoing challenges from elevated mortgage rates. The forecast anticipates a 14.5% decline in home prices to a 4.6%

Housing Market 395

Housing Market Marketing Mortgage Inventory 395

Housing Wire

OCTOBER 26, 2023

Average mortgage rates on 30-year fixed home loans continued their march towards 8% this week as the Treasury yield surpassed 5%. Rates have been steadily climbing for seven straight weeks, the longest consecutive increase since Spring 2022, according to Freddie Mac ‘s Primary Mortgage Market Survey. million units sold.

Mortgage 443

Mortgage Inventory Housing Market Realtors 443

Housing Wire

OCTOBER 18, 2023

As the 30-year fixed mortgage rate increased for the sixth consecutive week to 7.70%, mortgage applications slumped, hitting their lowest level since 1995. Mortgage applications decreased 6.9% 13, compared to the week prior , according to weekly mortgage application data from the MBA. for the week ending Oct. from 14.4%

Mortgage 450

Mortgage Realtors Inventory Marketing 450

Housing Wire

JULY 10, 2024

“Anything under $300,000 or $350,000 has really good activity, but above that, I think interest rates have really affected buyers in those price ranges,” said Eddie Campos, the president of Northwest Ohio Realtors and an associate at RE/MAX Preferred Associates. “I 1 challenge for his buyers is the current inventory situation.

Inventory 345

Inventory Buyers Agents Inspection 345

Housing Wire

APRIL 17, 2024

Expect 2024 to be mildly better than 2023 with mortgage rates falling in the second half of the year, housing experts opined in their forecasts at the end of the year. The pessimism is visible in mortgage rates. Freddie Mac ‘s weekly Primary Mortgage Market Survey is climbing back towards 7%.

Mortgage 477

Mortgage Brokerage Real Estate Tenants 477

Housing Wire

JUNE 4, 2024

Even after dropping considerably over the past month, mortgage rates remain well above 7% ahead of the next U.S. Mortgage rates were nearly flat on weekly basis as HousingWire ’s Mortgage Rates Center showed that the average 30-year rate for conforming loans was 7.23% on Tuesday, down only 2 basis points from one week ago.

Mortgage 426

Mortgage Inventory Realtors Development 426

Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We being outbound. “We

Inventory 324

Inventory Housing Market Marketing Real Estate 324

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgage 491

Mortgage Real Estate Agent Renovations Finance 491

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% million units last month from July, according to the National Association of Realtors (NAR). Will Savage, an LO at PMC Mortgage.

Mortgage 435

Mortgage Loan Officers Buyers Inventory 435

Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

Inventory 508

Inventory Housing Market Realtors Mortgage 508

Housing Wire

MARCH 6, 2023

There were leads, referrals and action in January, after people returned from holiday vacations and rates declined, said Don Monson, branch manager at Sente Mortgage. With the industry cooling down slower than expected, LOs are having to work harder and get creative to overcome the double whammy of surging rates and a lack of inventory.

Loan Officers 379

Loan Officers Inventory Real Estate Agent Buyers 379

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). The impact of escalating interest rates throughout April dampened home buying, even with more inventory in the market,” NAR chief economist Lawrence Yun said in a statement.

Real Estate Agent 504

Real Estate Agent Inventory Realtors Buyers 504

Housing Wire

FEBRUARY 8, 2024

Home prices increased in the fourth quarter of 2023 as mortgage rates declined. metro markets analyzed registered home price increases, up from 82% in the previous quarter, according to a report from the National Association of Realtors (NAR). Sales were restrained due to limited inventory,” Yun said. More than 85% of U.S.

Mortgage 405

Mortgage Realtors Inventory Marketing 405

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). The PHSI fell 2.1% from April to a reading of 70.8 on a yearly basis.

Inventory 493

Inventory Contracts Realtors Buyers 493

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened.

Housing Market 540

Housing Market Marketing Inventory Mortgage 540

Housing Wire

MARCH 28, 2024

Pending home sales increased modestly in February despite rising mortgage rates , growing 1.6% month over month, according to the newest data released Thursday by the National Association of Realtors (NAR). Ongoing job gains are clearly increasing demand along with more inventory.” Overall, active inventory grew 14.8%

Inventory 450

Inventory Realtors Contracts Sellers 450