Housing Wire

JANUARY 20, 2023

The phrase “in like a lion, out like a lamb” is typically used to describe the month of March, but it is also applicable to existing home sales trends in 2022. month-over-month increase in January , existing home sales trended downward throughout the rest of the year. On a yearly basis, existing home sales were down 34% in December.

Sales 361

Sales MLS Mortgages Marketing 361

Housing Wire

NOVEMBER 2, 2022

And with Fed rates expected to rise even further, industry experts and economists don’t expect mortgage rates to stabilize for at least another year. Mortgage rates , which are currently near a 22-year high, declined slightly from last week ahead of the Fed’s sixth rate hike announcement. million units from 6.18

Industrial 399

Industrial Mortgages Fixed-rate mortgage Principal 399

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. This is why the days on the market are so low historically after 2020.

Marketing 535

Marketing Sales Mortgages Days on market 535

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 This level is still within my 2022 forecast sales range between 5.74 Last year I discussed sales levels coming back down to 5.84 Last year I discussed sales levels coming back down to 5.84

Marketing 542

Marketing Investor Sales Days on market 542

Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Then rates went up almost 1% over several weeks, completely reversing the gains.

Marketing 421

Marketing Mortgages Days on market Sales 421

Housing Wire

JUNE 25, 2023

Mortgage rates were again in a small range, hanging near 7%. But, last year saw the biggest home sales crash ever recorded in history, so the rise in inventory last year happened because of an abnormal event and we were working from a very low bar. Nothing good is happening in housing when days on market are so low.

Marketing 404

Marketing Mortgages Days on market Sales 404

Housing Wire

DECEMBER 28, 2022

First, mortgage lending standards have remained high after the last bubble. People can afford to pay their mortgages. There won’t be forced home sales like we saw in the crisis. As a result of the fallout from the great recession, mortgage quality has been far more regulated and viewed with suspicion.

Marketing 483

Marketing Equity Mortgages Short sale 483

Housing Wire

NOVEMBER 19, 2020

Existing home sales came in at a whopping 6,850,000 , beating estimates with the highest print since 2006. Days on market fell from 36 days to 21 days on a year-over-year basis. Cash buyers remain at a historically high level of 19%, the same as last year, while sales grew 26.6% The housing market is hot.

Marketing 545

Marketing Sales Mortgages Days on market 545

Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. 9, 2022, until February and we can see how that is playing out in home sales. million in 2023.

Marketing 455

Marketing Mortgages Sales As-is 455

Housing Wire

JANUARY 23, 2023

Here’s the housing market rundown for the last week: Purchase application data had a solid week-to-week gain of 25%. Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important. Last week’s housing market data provided mixed news. Since Nov.

Marketing 502

Marketing Mortgages Sales As-is 502

Real Trends

JULY 20, 2022

As the housing market continues to cool, existing home sales fell in June for the fifth consecutive month. The seasonally adjusted sales rate for existing homes fell 5.4% The sales pace is down 14.2% Both mortgage rates and home prices have risen too sharply in a short span of time.”. compared to a year ago.

Sales 103

Sales Days on market Mortgages Marketing 103

Housing Wire

JUNE 8, 2022

Verification solutions provider Xactus wants to court more lenders through its active listing data in a tight housing market. Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood.

Short sale 336

Short sale MLS Banks Loans 336

Housing Wire

JUNE 11, 2023

After seeing disappointing inventory growth two weeks ago , which I chalked up to the Memorial Day holiday, I was hoping for a big push in active listings last week, but that didn’t happen. And, the recent uptick in mortgage rates to almost 7% slowed purchase application data again. Of course, we have a third story in this U.S.

Marketing 497

Marketing Mortgages Banks Land 497

Housing Wire

MARCH 31, 2021

The NAR’s pending home sale index managed to fall below 100 in the Northeast (92.3) An index of 100 is equivalent to the level of pending sales in 2001. Gradually increasing mortgage rates, heightened home prices and inventory levels at historic lows finally coalesced in February to depress in-contract deals. respectively.

Sales 493

Sales Days on market Marketing Mortgages 493

Realty Biz

JANUARY 19, 2024

According to Zillow, houses listed for sale in the first half of May sell six days faster than average. A survey by Realtor.com disclosed that 50% of homes sold in the spring selling season were on the market for less than a month. Set a competitive price using current market trends by analyzing recent sales data.

Sales 109

Sales Staging As-is Agents 109

Housing Wire

JANUARY 23, 2024

home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Agents 424

Agents Equity New Construction Days on market 424

Keeping Current Matters

SEPTEMBER 2, 2021

Mortgage Rates. If we look at the 30-year mortgage rate chronicled by Freddie Mac , we can see the average rates by decade: 1970s: 8.86%. Today, the average mortgage rate stands at 2.87%, which is very close to the historic low. Currently, mortgage rates are anything but usual, typical, or routine. 1980s: 12.7%.

Marketing 257

Marketing Days on market Mortgages Residential 257

Marco Santarelli

MAY 1, 2024

February defied expectations in the US housing market , with home prices surging 6.4% This marks the eighth consecutive month of gains, highlighting the housing market's unexpected resilience even with higher mortgage rates. year-over-year according to the Case-Shiller Index. on a non-seasonally adjusted basis.

Mortgages 52

Mortgages Marketing Days on market Sales 52

RIS Media

MARCH 31, 2021

Demand is booming and mortgage rates are still low, but pending home sales continued to contract in February due to a razor-thin inventory, according to the latest report from the National Association of REALTORS® (NAR). Only the upper-end market is experiencing more activity because of reasonable supply.

Sales 105

Sales Days on market Industrial Mortgages 105

Housing Wire

MAY 9, 2022

housing market is more tied to mortgage buyers. foreign buyers have always been less than 300,000 of total home sales for many years. When you think about our total home sales being between 5-6 million, foreign investment isn’t that much. When mortgage rates rise, two things always happen here in America.

Short sale 527

Short sale Mortgages Equity Sales 527

Real Trends

MARCH 18, 2022

The existing home sales rollercoaster ride continues. drop in December , existing home sales were again down in February, dropping 7.2% The February sales pace is also down 2.4% Experts attribute this decrease to low inventory, rising mortgage rates and continued home price increases. “It After jumping 6.7% This is a 2.4%

Sales 79

Sales Days on market Mortgages Marketing 79

Housing Wire

OCTOBER 1, 2022

The real estate market has shifted, and we are in a new housing paradigm. Mortgage interest rates have risen quickly in the past few months further eroding affordability. However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years.

Marketing 388

Marketing Inspection Sales Lending 388

Housing Wire

OCTOBER 24, 2022

In May, I wrote about the signs to watch for a real estate market slowdown. It’s now October, we’ve had the biggest spike in mortgage rates we’ve seen in decades, and all the signs of a slowdown are here: Inventory is rising. And, there are fewer immediate sales. Home buyers got spooked when mortgage rates passed 5.5%.

Marketing 316

Marketing Mortgages Equity Days on market 316

Housing Wire

MARCH 21, 2023

Existing home sales had a huge beat of estimates on Tuesday. To understand why we had such a beat in sales, you only need to go back to Nov. 9, when mortgage rates started to fall from 7.37% to 5.99%. The weekly growth in purchase application data during those months stabilized housing sales to a historically low level.

Sales 489

Sales Mortgages Bankruptcy Marketing 489

Housing Wire

DECEMBER 29, 2021

Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. However, not only did the U.S. These households got sub-3.5%

Marketing 529

Marketing Equity Construction Bankruptcy 529

Realty Biz

APRIL 18, 2022

Rapidly rising mortgage rates may help to reduce housing demand this spring, as the worsening affordability causes more buyers to be priced out of the market, experts say. Mortgage applications are already down more than 6%, according to a report by Redfin. Keep an eye on days-on-market and a decrease in multiple offers.

Mortgages 95

Mortgages Days on market Sales Marketing 95

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. From the index : I know it seems strange, but existing home sales are falling, and the monthly supply of new homes is at 10.9 million listings.

Bankruptcy 382

Bankruptcy Days on market Sales Short sale 382

Inman

MARCH 30, 2023

Realtor.com's latest monthly report reveals a market full of contradictions as mortgage rates continue to drive consumer sentiment and activity.

Sales 134

Sales Mortgages Marketing Days on market 134

Realtor.com

JULY 1, 2021

The number of new listings for sale increased 10.9% However, the overall number of homes for sale was down 43.1% The dearth of properties for sale boosted median list prices 12.7% “It’s a shift away from an overheated market to a new normal,” says Realtor.com® year over year, to reach $385,000. .

Sales 122

Sales Days on market Marketing Mortgages 122

Housing Wire

MARCH 21, 2024

Today’s existing home sales report was a massive beat , similar to what happened last year in this month. Will this mark the high point for sales this year like it did in 2023? Unless mortgage rates go lower, that’s what we should expect, because that’s what happened last year. million in February.

Sales 472

Sales Mortgages Days on market Investor 472

Realtor.com

DECEMBER 1, 2022

High mortgage rates—which, as of Wednesday, hover at 6.58% for a 30-year fixed-rate loan—are a stark reminder that many buyers might still struggle on the affordability front. After the COVID-19 pandemic-fueled homebuying rush reduced the number of homes for sale to all-time lows, the inventory of housing has since rebounded.

Mortgages 120

Mortgages Seller concession Closing costs Sales 120

Realtor.com

FEBRUARY 3, 2023

Getty Images Mortgage rates have dropped yet again—could this spell an opportunity for homebuyers? Meanwhile, the number of homes for sale is soaring, flying 71% higher for the week ending Jan. Meanwhile, the number of homes for sale is soaring, flying 71% higher for the week ending Jan. 2, according to Freddie Mac.

Mortgages 91

Mortgages Sales Marketing Loans 91

Real Trends

APRIL 8, 2022

Soaring mortgage rates are largely to blame, according to Redfin’s economists. The report examined housing market data in over 400 U.S. During this time period, 3% of homes for sale each week on average had a price drop, with 12% dropping their price over the course of the four-week period. percentage points in 2019.

Mortgages 86

Mortgages Days on market Marketing Sales 86

BAM Media

MAY 19, 2024

Prospective buyers in most markets today are feeling less intense competition than in recent spring shopping seasons. Pressure is easing up as mortgage rates raise costs and sellers return. However, the pool of homes for sale remains remarkably low. That said, 13 days is still fast by historical standards. Albany, NY (98.5)

Marketing 52

Marketing Construction Days on market Mortgages 52

Real Trends

DECEMBER 27, 2022

How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents. A sale is considered pending until the seller formally accepts an offer from a buyer. It should be reassuring for all real estate agents that not many home sales fall through.

Sales 60

Sales Home sale contingency Pre-approval Inspection 60

Marco Santarelli

OCTOBER 5, 2023

The Baton Rouge housing market is currently experiencing a slight cooling in buyer demand , resulting in a more balanced market. In August 2023 , the median sale price of a home in Baton Rouge was $239,000 (Redfin) , showing an 11.2% Despite the cooling in buyer demand, the Baton Rouge housing market remains relatively strong.

Marketing 98

Marketing Days on market Investor Sales 98

Broke Agent Media

APRIL 5, 2023

Of the 271 home features and design terms researched, the top ten listed here added the highest sale premiums. While some of the top features also led to faster home sales, others contributed to longer days on market. to the sale price, while trendy extras like terrazzo and “she sheds” added 2.5% Open shelving (3.5)

Days on market 98

Days on market Sales Design Lending 98