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.

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Inventory Buyers Sellers Mortgage 433

Housing Wire

JANUARY 2, 2023

This is why I’ve created the Housing Market Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday. The Altos Research weekly inventory data looks ahead before the sales report inventory data. The 10-year yield shows where mortgage rates will go.

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Inventory Housing Market Marketing Mortgage 479

Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. One thing that I have stressed is that higher mortgage rates can create a slowdown in demand and thus allow more inventory to accumulate through a weakness in demand.

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Inventory New Listings Housing Market Sellers 526

Housing Wire

NOVEMBER 6, 2024

A stagnant housing market hasn’t held back Zillow ’s mortgage business. On its third-quarter earnings call Wednesday evening, the real estate portal giant reported that its mortgage revenue rose 63% year over year, driven by an 80% jump in purchase origination volume. While Zillow shares dropped 6.5%

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Mortgage Real Estate Real Estate Agent Realtors 375

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.

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Inventory Contracts New Listings Mortgage 504

Housing Wire

JANUARY 12, 2022

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020.

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Inventory Housing Market Mortgage Marketing 538

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?

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Inventory Renovations Real Estate Government 483

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.

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Inventory Buyers Agents Inspection 359

Housing Wire

AUGUST 10, 2020

As mortgage rates and housing inventory continue to hit record lows, potential homebuyers face an increasingly competitive environment. The post Low mortgage rates and low inventory resulted in more bidding wars in July, Redfin says appeared first on HousingWire. Last week , average U.S. Last week , average U.S.

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Inventory Mortgage Realtors Marketing 525

Housing Wire

APRIL 11, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

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Inventory Housing Market Marketing Modernization 512

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.

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Mortgage Inventory Buyers Sellers 474

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%

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Housing Market Marketing Mortgage Inventory 395

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.

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Inventory Marketing Housing Market New Listings 491

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% and West (96.9)

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Inventory Contracts Housing Market Buyers 511

Housing Wire

MAY 27, 2021

Like new and existing sales, pending home sales felt the strain of exhausted home inventory in April ? according to Thursday data from the National Association of Realtors. The upper-end market is still moving sharply as inventory is more plentiful there.”. dropping 4.4% from the previous month to an index of 106.2,

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Inventory Realtors Contracts Marketing 466

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.

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Mortgage Real Estate Agent Inventory Housing Market 462

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

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Inventory Housing Market Marketing Real Estate 335

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

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Mortgage New Listings Inventory Sellers 417

Appraisal Buzz

JUNE 28, 2024

compared with May 2023, as higher mortgage rates continued to keep homebuyers on the sidelines, according to the National Association of Realtors (NAR). The market is at an interesting point with rising inventory and lower demand,” says Lawrence Yun, chief economist for NAR, in a statement. Pending home sales decreased 2.1%

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Inventory Contracts Realtors Mortgage 195

Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 435

Inventory Housing Market Marketing Modernization 435

Appraisal Buzz

JUNE 21, 2024

million, according to the National Association of Realtors (NAR). increase in inventory. Eventually, more inventory will help boost home sales and tame home price gains in the upcoming months,” says Lawrence Yun, chief economist for NAR, in a statement. Existing-home sales decreased 0.7% The decrease in sales comes despite a 6.7%

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Inventory Buyers Realtors Appraisal 195

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%

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Inventory Buyers Realtors Construction 508

Appraisal Buzz

MAY 23, 2024

Lack of inventory, high home prices and rising mortgage rates slowed existing-homes sales in April. According to the National Association of Realtors (NAR), existing-home sales fell 1.9% Despite a 9% month-over-month increase in inventory in April, home prices continued to increase: The median existing-home price jumped 5.7%

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Inventory Realtors Housing Market Mortgage 195

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.

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Renovations Inventory Marketing Property Taxes 543

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.

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Mortgage Inventory Investors Housing Market 416

Housing Wire

APRIL 16, 2021

“An extremely tight supply of existing homes for sale combined with still-favorable mortgage rates and an improving labor market will continue to support demand for new housing. That’s depleting inventory across the country. ” The post Housing market inventory is starting to recover appeared first on HousingWire.

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Inventory Housing Market Marketing Supply Chain 545

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%.

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Realtors Housing Market Marketing Buyers 409

Housing Wire

NOVEMBER 4, 2024

As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. The available inventory of existing homes rose by 22% year over year in Q3 2034. New construction inventory has grown in recent months. year over year in September.

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Marketing Inventory Construction Realtors 292

Housing Wire

APRIL 22, 2021

For the second consecutive month, existing-home sales fell, according to the latest National Association of Realtors report. Consumers are facing much higher home prices, rising mortgage rates, and falling affordability, however, buyers are still actively in the market,” said Lawrence Yun, NAR chief economist. All four major U.S.

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Inventory Buyers Realtors Investors 475

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.

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Mortgage Inventory Realtors Development 439

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.

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Mortgage Inventory Housing Market Realtors 455

Housing Wire

NOVEMBER 20, 2024

Mortgage rates are a tricky variable in any forecast, particularly at this moment when the Federal Reserve may be slowing its roll on future interest rate cuts. HousingWire assumes mortgage rates will stay in a range between 5.75% and 7.25%. million) and the Mortgage Bankers Association (4.3 HousingWire’s 2025 forecast of 3.5%

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Marketing Inventory Housing Market Realtors 270

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 462

Mortgage Realtors Inventory Marketing 462

Appraisal Buzz

SEPTEMBER 19, 2024

Despite a decrease in mortgage rates, existing-home sales fell 2.5% million, according to the National Association of Realtors. Helping to drive up home prices was lack of inventory: Supply increased 0.7% The post Existing-Home Sales Fell Again in August, Despite Declining Mortgage Rates appeared first on Appraisal Buzz.

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Mortgage Inventory Realtors Sellers 221

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

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Inventory Marketing Business Buyers 357

Housing Wire

SEPTEMBER 26, 2024

Extending the traditional 30-year mortgage to 40 or even 50 years. As of May 2024, the median price of a single-family home in the state reached $904,210, while the median household income stands at $91,551 (California Association of Realtors, U.S. The case for 40- and 50-year mortgages While the 30-year mortgage has been a U.S.

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Mortgage Supply Chain Real Estate Investors 449

Housing Wire

AUGUST 20, 2024

After dropping significantly during the first two weeks of August, mortgage rates have plateaued ahead of a key economic announcement on Friday. The recent decline in mortgage rates has stoked optimism across the real estate and mortgage sectors after a tepid spring and summer of home sales.

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