Housing Wire

APRIL 22, 2024

After a couple weeks of big jumps for mortgage rates , we’re still seeing relatively surprising strength in the housing market. More home sales are happening, but we can also see — once adjusted for seasonal patterns — that sales should be much higher now if a real market recovery were underway.

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Sales Mortgages Closing Marketing 528

Housing Wire

MARCH 26, 2024

Last year might best be described as a risk-prone atmosphere for the single-family rental sector and the related fix-and-flip market. We didn’t call it a bear market, but we did call it a lack of liquidity, which I think is more accurate,” said L.D. In 2023, the landscape for home flipping across the U.S.

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Investor Marketing Construction Loans 458

Housing Wire

APRIL 25, 2024

“It is extremely competitive,” DeRoussel said of the Cincinnati housing market. “We According to data from Altos Research , the Cincinnati metro area (which includes portions of Ohio, Kentucky and Indiana) currently has a Market Action Index score of 54, while the state of Ohio has a score of 55. Buyers are really struggling.”

Marketing 432

Marketing Investor Agents Inspection 432

Housing Wire

APRIL 30, 2024

economy, higher single-family home prices, and the credit quality of our book of business continue to be important factors affecting our performance,” CEO Priscilla Almodovar said in prepared remarks, noting that Fannie Mae delivered a profit for a 25th consecutive quarter. housing market. “The strength of the U.S.

Finance 416

Finance Loans Banks Mortgages 416

Housing Wire

APRIL 8, 2024

We’re slowly emerging from a supply-constrained market. As sellers gently re-enter the market, more home sales can happen and are happening. Inventory There are now 513,000 single family homes for sale on the market. There remain about 25% more homes on the market now than a year ago. That’s down 8.5%

Sales 473

Sales Mortgages Marketing As-is 473

Housing Wire

APRIL 30, 2024

Mortgage rates inched higher last week ahead of the Federal Reserve ’s Federal Open Markets Committee on Wednesday and the national jobs report on Friday. As of April 26, there were 556,000 single-family homes on the market, up 2.4% About 13,000 additional properties were added to the market during the previous week.

Mortgages 421

Mortgages Loans Marketing As-is 421

Housing Wire

APRIL 26, 2024

home sellers reaped slimmer profit margins on median-priced single-family homes and condominiums during the first quarter of 2024. We saw a similar downward pattern from late 2022 into early 2023, and then the market surged. in the fourth quarter of 2023, according to Attom ’s 2024 U.S. Home Sales Report.

Sales 432

Sales Marketing Mortgages 432

Housing Wire

MARCH 22, 2024

The landscape for home flipping across the country was challenging in 2023 as fewer single-family homes and condominiums were flipped and investment returns on these projects declined. A total of 308,922 single-family homes and condos were flipped in 2023, down 29.3% from the 436,807 flips in 2022. in 2022 and 35.7%

Investor 500

Investor Sales Closing Marketing 500

Housing Wire

APRIL 16, 2024

I haven’t been a Fed pivot person since 2022 — I don’t think the Fed will pivot until the labor market breaks. This isn’t just people who work in apartments and single-family homes, as remodeling employment is also high here. Since January 2023, as 5-unit permits have fallen, single-family permits have risen.

Construction 473

Construction Residential Mortgages As-is 473

Housing Wire

FEBRUARY 21, 2024

Blackstone had already invested heavily in the single-family rental space when it bought Home Partners of America in a deal that valued the company at $6 billion in 2021. The deal came on the front end of market hype about the build-to-rent space, which cooled somewhat in 2023 as higher interest rates prompted a pullback by builders.

Investor 473

Investor Construction Commercial Sales 473

Housing Wire

APRIL 29, 2024

The RHPI measures the price changes of single-family properties throughout the U.S., Among the top 50 markets tracked, 22 were overvalued in March, meaning that the median existing-home sale price exceeded home purchasing power. Home sellers would rather withdraw from the market than sell at lower prices.” “The

Mortgages 420

Mortgages Marketing Sales 420

Housing Wire

APRIL 23, 2024

Mortgage rates kept climbing on the back of a string of market-moving news. If rates go higher, it will impact sales, but I am hoping it doesn’t prevent more sellers coming into the marketplace” Even after several weeks of mortgage rate increases, the housing market remains strong. from February to March.

Mortgages 466

Mortgages Loans Sales Marketing 466

Housing Wire

APRIL 1, 2024

But now sellers are coming back into the market. There are still a lot of people who assume that mortgage rates need to fall before we see a rebound in home sales, but the data shows that we only need stability in the mortgage markets. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country.

Sales 466

Sales Mortgages Closing Staging 466

Housing Wire

APRIL 17, 2024

The spring home-buying season got off to a slow start in California , where sales of single-family homes declined from February to March, according to a report released Wednesday by the California Association of Realtors (CAR). The organization reported that the state’s seasonally adjusted annualized rate of sales fell by 7.8%

Sales 432

Sales Marketing Mortgages 432

Housing Wire

MARCH 12, 2024

So, what should we take away from this number, seeing that market participants are still worried about 1970s inflation and some don’t want to see any rate cuts this year? How is this possible when the stock market has recovered, the labor market is intact, and the economy is growing above trend? Well, it did! Why is this key?

Mortgages 504

Mortgages Investor As-is Marketing 504

Housing Wire

APRIL 18, 2024

There are nearly six million more jobs now compared to pre-COVID highs, which suggests more aspiring home buyers exist in the market.” As of April 12, there were 526,000 active single-family listings on the market, up 2.6% Meanwhile, new construction of both single-family and multifamily homes receded in March.

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Sales New Construction MLS Construction 421

Housing Wire

APRIL 9, 2024

Tomorrow, CPI data will be big for the bond market and mortgage rates, but the real story for 2024 is that mortgage rate spreads have improved this year,” HousingWire lead analyst Logan Mohtashami said. Additionally, last week added only 55,000 new listings for single-family homes, down 8.5% from the week prior and down 1.5%

Mortgages 441

Mortgages Banks Loans Marketing 441

Housing Wire

MARCH 11, 2024

The suspicion was that there were a bunch of sellers who were waiting to sell: Once rates fell these sellers would come rushing back to this real estate market and we’d finally see inventory grow. Inventory stats Looking at last week’s numbers: There are now just over 500,000 single family homes on the market in the U.S.

Mortgages 508

Mortgages Sales Marketing As-is 508

Housing Wire

APRIL 23, 2024

The new home market has been an outsized share of the housing inventory, so homebuilders have been able to attract prospective homebuyers who are seeing very limited supply in the existing home market,” Bright MLS chief economist Lisa Sturtevant said in a statement. This figure represents an 8.8%

Sales 442

Sales MLS Mortgages Development 442

Housing Wire

JANUARY 31, 2024

The pandemic-era boom in single-family rental prices is over, according to CoreLogic ‘s Single-Family Rent Index. That has kept multifamily and single-family renters from making the jump to home ownership, thereby keeping rental demand high. in November, the latest data available.

Principal 458

Principal Construction Property Management Mortgages 458

Housing Wire

MARCH 25, 2024

month supply of new single-family homes, according to census and HUD data. Affordability remains a challenge in the housing market, particularly for first-time homebuyers. For the week ending March 15, there were 507,000 single-family homes on the market in the U.S., At the current sales pace, there is an 8.4-month

Sales 465

Sales New Construction Construction MLS 465

Housing Wire

APRIL 5, 2024

As of March 29, the San Francisco-Oakland-Fremont metropolitan area was the fourth-hottest housing market in the country. The Bay Area metro had a 90-day average Market Action Index score of 61.19, according to data from Altos Research. Altos considers anything above a Market Action Index of 30 to be a seller’s market.

Marketing 432

Marketing Agents As-is Loans 432

Housing Wire

MARCH 26, 2024

The 10-year yield is up a few basis points this week as the market gets ready to digest the next big piece of economic data: Friday’s PCE inflation report. The following week, we have jobs week with four economic labor reports for the bond market to focus on.” More inventory on the market means that more sales can take place.

Mortgages 496

Mortgages Loans As-is Marketing 496

Housing Wire

MARCH 25, 2024

The Fed met last week and we escaped dramatic changes in the markets. There are now 513,000 single family homes unsold on the market. There are now 513,000 single family homes unsold on the market. We’ll finish the year with over 600,000 homes on the market unless rates reverse and fall quickly.

Mortgages 500

Mortgages Sales Marketing As-is 500

Housing Wire

MAY 3, 2024

We’ve been a sellers’ market here for at least the past eight years, but probably closer to 10 or 11.“ Statewide as of April 26, the 90-day average number of single-family active listings was 19,399, according to data from Altos Research. “We have just not had any luck getting a lot of inventory increase here in Charlotte.

Marketing 246

Marketing Construction New Construction Development 246

Housing Wire

JANUARY 3, 2024

Real Estate Market Outlook 2024. In 2024, Austin, Dallas, Nashville and Atlanta will add the most units to their markets. For investors, single-family rentals have emerged as a better hedge against slowing rents than apartments in 2023. Construction completions have already peaked in Chicago, Washington, D.C.

Construction 458

Construction Commercial Property Management Residential 458

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. At the time, I observed that even if mortgage rates stayed flat, the momentum seemed to be in the cards for broad, slow growth in the market. New listings Last week, 59,000 new single-family listings came to market.

Mortgages 441

Mortgages Sales Marketing As-is 441

Housing Wire

APRIL 16, 2024

As the market enters the peak homebuying season, last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate may be close to or above the 7% level for longer than previously expected. “As We saw a bounce in demand early in the year as rates fell.

Mortgages 431

Mortgages Investor Loans Sales 431

Housing Wire

FEBRUARY 23, 2024

housing market. And according to Freddie Mac ‘s Primary Mortgage Market Survey, the average rate inched closer to 7% this week. Fannie Mae, however, remains optimistic that housing market activity will pick up as existing home sales and new single-family housing starts are expected to grow modestly in 2024.

Marketing 466

Marketing Fixed-rate mortgage Sales Mortgages 466

Housing Wire

MARCH 19, 2024

Mortgage rates remained flat this week ahead of the next meeting of the Federal Open Market Committee (FOMC). As mortgage rates rise, the number of unsold homes tends to grow too as demand slows, leaving more inventory to sit on the market. In the week ending March 15, there were 507,000 single-family homes on the market in the U.S.,

Mortgages 421

Mortgages Loans As-is Marketing 421

Housing Wire

MARCH 14, 2024

The slightly more upscale single-family listings for move-up buyers with children looking for their forever home just aren’t coming on the market right now, and demand is still very high.” For Matt Salway in the Virginia Beach metro area, the tight inventory conditions are creating a rather hot market.

Agents 432

Agents Seller concession Marketing Days on market 432

Housing Wire

FEBRUARY 26, 2024

When some people say millions of new homes are about to hit the market because we have so many homes under construction, this means they don’t read or understand the new home sales report. months and below, this is an excellent market for builders. months , this is just an OK market for builders. When supply is 4.4-6.4

Construction 530

Construction Sales Mortgages Development 530

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

Agents 441

Agents Marketing Investor Inspection 441

Housing Wire

FEBRUARY 20, 2024

The housing market data has been changing very rapidly this year. New listings rise New listings continue to show us that more sellers are interested in this market this year. With just under 50,000 new listings unsold coming to the market this week, that’s now 16% more than the same week a year ago. Is it too much inventory?

Mortgages 504

Mortgages Sales Marketing As-is 504

Housing Wire

DECEMBER 5, 2023

In the third quarter of 2023, single-family and multifamily home construction grew in outlying areas instead of urban centers. Released quarterly, the HBGI gauges housing construction growth in various regions using county-level information about single- and multifamily building permits. in Q3 2023 from a year ago.

New Construction 450

New Construction Construction Marketing As-is 450

Housing Wire

FEBRUARY 23, 2024

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb. Altos considers anything over 30 to be a seller’s market.

Marketing 473

Marketing Agents Inspection Days on market 473

Housing Wire

FEBRUARY 7, 2024

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system.

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