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. We don’t have any housing bubble or overheated demand data, nor can we.

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Days on market Marketing Sales Mortgages 473

Housing Wire

JULY 29, 2021

The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire’s Lead Analyst Logan Mohtashami answered questions on what to make of the latest housing data, his forecast for the rest of this year, and whether or not the housing market is returning to normal. HousingWire Magazine delivered to your home or office.

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Marketing Sales As-is Mortgages 534

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 from last year. But, the savagely unhealthy data line was that home prices are up 14.8%. home-price growth data. When you’re trying to sell your home, naturally, you’re a homebuyer too.

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Housing Wire

JULY 2, 2023

To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. Mortgage rates rose last week after the better-than-anticipated jobless claims data but even with higher rates, we also had a third week of positive purchase application data.

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Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 2020 and 2021 easily each have over 6.2 million new and existing home sales combined. Not even 5% mortgage rates in 2018 budged this data line too much.

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Housing Wire

MAY 3, 2022

HousingWire: The best way to start is to talk about purchase application data, can you break that down for us? Logan Mohtashami: Yes, purchase application data has always been a useful forward looking indicator for housing, especially when we are dealing with higher mortgage rates. What have we seen this year?

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Housing Wire

OCTOBER 7, 2020

Don’t call it a comeback, Good demographics and low mortgage rates have been here for years, Rockin’ the bubble boys Puttin’ the bears in fear. I have used this in other articles and interviews, which runs in line with my big macro take that what drives the housing market are mortgage rates and demographics.

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Housing Wire

AUGUST 21, 2020

Today, existing home sales blew out estimates , coming in at 5,860,000. With new home sales, pending home sales, housing starts, housing permits, and purchase applications already in v-shape recovery mode, this last metric completes the v-shaped recovery across the board for housing. Look, I get it.

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Housing Wire

DECEMBER 29, 2021

What a year 2021 has been. We started the year with many pundits saying that the U.S. economy continue to recover from the lows of April of 2020, but the 2021 economic data shows it has been one of the hottest years in many decades. million toward the end of the year. million toward the end of the year.

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Housing Wire

MARCH 26, 2023

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Here’s a quick rundown of the last week: The 10-year yield had a Lord of Rings battle at a critical technical level, pushing mortgage rates lower at the end of the week with no real break in the bond market.

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Housing Wire

SEPTEMBER 21, 2022

Before the pandemic, the historical average of annualized house price growth was approximately 4%. Yet, pandemic-era dynamics exacerbated an already large housing demand and supply imbalance, fueling record-breaking annual house price growth, peaking at nearly 21%. percentage points, more than any other age group. The headwinds.

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Housing Wire

MARCH 19, 2023

Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? New listing data collapsed, but we are putting an asterisk on that data line for this week. The economic data was OK last week.

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Housing Wire

MAY 9, 2022

Home prices in the U.S. have been skyrocketing since 2020, however, I often like to remind people that no matter how crazy home-price growth is in America, at least we aren’t Canada. When it comes to home prices — and especially home prices compared to income — our neighbors up north are like Godzilla to our gecko.

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Housing Wire

MARCH 15, 2022

HousingWire: Let’s start with a bang Logan, will the inventory crisis end this year? Logan Mohtashami: No, it will not, it’s gotten worse this year, and typically you can’t start a year at fresh new all-time lows and have that go away in the same calendar year. The goal for inventory is to get back to 1.52-1.93

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Housing Wire

FEBRUARY 8, 2021

million homes remain in forbearance and can therefore be considered at risk. Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing? . This means home price growth is getting too hot!

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Housing Wire

MARCH 28, 2022

Logan Mohtashami: One of the things about my work is that I never revise my forecast every month like some economists do because I tend to forecast ranges in data rather than adjust the estimates based on an event. For example, my home price growth forecast for 2022 was between 5.2% – 6.7%; at first, that looked like it was too small.

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Housing Wire

DECEMBER 16, 2021

The last two years have been a wild ride. We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. The improving job market is all to the positive.

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Housing Wire

FEBRUARY 14, 2022

Grace Alipour spoke loudly into the phone over the cries of her two-year-old being strapped into a car seat. “I I started at Redfin 12 years ago,” she said. But Alipour exited Redfin for Compass last month, due to Redfin’s sales expectations. With a two-year-old, I couldn’t meet the quota,” she said.

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Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Buckle up as we look at each factor individually. Home price s.

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Housing Wire

JUNE 18, 2023

The recent growth broke that streak, but demand is still low. Active housing inventory grew while new listing data fell. But, last year we had the biggest waterfall collapse in purchase application data ever for a single year, and since Nov. 9, 2022 , this data has been forming a bottom-end range.

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Marketing Mortgages Banks Sales 491

Housing Wire

JANUARY 2, 2023

The housing market has been wild the last few years, making weekly data more critical. I want to focus on these three data lines because they will give us a glimpse into the future, so we don’t have to wait for the existing home sales data, which can be old if the market turns.

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Marketing Mortgages Sales As-is 458

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. This data comes from the recent existing home sales report which has been outperforming lately.

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Days on market Loans Mortgages Sales 538

Housing Wire

JANUARY 19, 2024

Today, we saw existing home sales slip a bit month to month, which isn’t surprising to me as purchase application data started its positive run in November. That data line typically looks out 30-90 days for sales — it doesn’t move as fast as some people think. Sales faded 6.2% All four U.S.

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Housing Wire

DECEMBER 20, 2023

Did today’s existing home sales report give us a playbook for housing in 2024? I would argue yes, and the housing market today looks a lot like what we saw in late 2022. So let’s take a look at the playbook. Year-over-year, sales fell 7.3% (down from 4.12 million in November.

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Sales Marketing Days on market Mortgages 458

The Close

JUNE 22, 2023

Related Articles 7 Critical Parts of Every Real Estate Investment Business Plan How Smart Investors Decipher & Respond to Real Estate Market Cycles 9 Skills Agents Need to Work With Investors & Close 50-100 Deals a Year Is Right Now Really a Good Time to Invest in Real Estate? from this time last year.

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Housing Wire

DECEMBER 20, 2021

The 10-year yield and mortgage rates. For 2022, my range for the 10-year yield is 0.62%-1.94% , similar to 2021. We had a few times in the previous cycle where the 10-year yield was below 1.60% and above 3%. I’ve stuck to that channel forecast every year since — and for the most part that 10-year yield channel stuck.

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Mortgages Sales As-is Construction 544

Realty Biz

JUNE 26, 2021

This isn’t the first time the US has seen a strong sales market. compared to last year. Let’s look at the main drivers of this unprecedented Summer 2021 Housing Market (it’s a long list): Millennials are in their peak home buying years. Estimates are the cost of building has increased $80,000 for the average home.

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Housing Wire

DECEMBER 22, 2020

In recent articles, I have written that although current sales data for the U.S. Growth in home sales in recent months, I proposed, was primarily due to the catch-up demand from the stalled sales during the worst weeks of COVID-19. However, sales in total rose year-over-year, up 25.8%

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Housing Wire

MAY 26, 2022

The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Since the summer of 2020, this has been my main talking point on what can cool down housing ; it’s a 10-year yield above 1.94% , meaning rates above 4%. housing market.

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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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Marketing Mortgages As-is Construction 530

Housing Wire

NOVEMBER 23, 2022

Today new home sales beat estimates , and new home median sales prices hit an all-time high. My job is always to be the detective, not the troll so let’s take a look at today’s data, as there is a constant theme here that I have talked about for some time. months at the current sales rate.

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Housing Wire

NOVEMBER 22, 2021

The National Association of Realtors ‘ existing home sales report for October came in at a solid beat of estimates at 6.34 This number is above my trend sales peak of 6.2 million and that means we have had back-to-back existing home sales prints of over 6.2 million and 6.2 million and 6.2

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Housing Wire

DECEMBER 23, 2020

Reports on housing data are headline-driven, and headlines are designed to cause folks to overreact in both positive and negative ways. But, we hadn’t seen that moderation in any meaningful way until today’s new home sales data. But this kind of exponential growth is not sustainable.

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Redfin

FEBRUARY 8, 2024

So, in this Redfin article, we’ll explore the ten most bikeable cities in the U.S. Whether you’re a current resident or are looking for a new place to live, pump up your tires as we ride through the most bikeable cities in the United States. In fact, Minneapolis is home to 16 miles of protected bikeways and 98 miles of bike lanes.

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Housing Wire

JULY 26, 2022

Tuesday’s report on new home sales came in as a miss of estimates and prior revisions were all negative. This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. However, for the new home sales sector, it would put their business model at risk.

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Housing Wire

DECEMBER 30, 2022

This article is part of our 2022-23 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

JANUARY 26, 2024

We’ve all heard the news: over 60,000 real estate agents left the profession in the first half of 2023. Whether you’re newly licensed or an experienced agent who had a productive year — if you’re looking for a change, it’s likely you’ve started receiving emails, letters, and phone calls from all kinds of real estate firms.

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