Housing Wire

DECEMBER 9, 2023

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. 2022 was a historic year for housing as we had the most significant home sales crash ever, and mortgage rates went from 3% to 7% in the same year.

Mortgages 533

Mortgages Sales As-is Closing 533

Housing Wire

MARCH 9, 2024

With rates going lower, we saw 11% week-to-week growth. Weekly housing inventory data The positive story for housing in 2024 has been the inventory growth we have seen year-over-year. Yes, I know it’s not a lot of homes, but growth is growth, people! However, that changed last week.

Mortgages 491

Mortgages As-is Sales Closing 491

Coldwell Banker

AUGUST 18, 2022

The Coldwell Banker brand retained more than $869 million in sales volume and welcomed four new companies in Q2 2022. The post Coldwell Banker Real Estate Reveals Growth Milestones for Q2 2022 appeared first on Coldwell Banker Blue Matter.

Branding 109

Branding Sales 109

Housing Wire

APRIL 29, 2024

growth team, while Felix Bravo was appointed to the role of vice president of global growth. Weaver will be supported by three newly appointed regional vice presidents of growth: Frank Panunto, Russ Laggan and Tony King. million in 2022. The firm’s $143.578 billion in sales volume earned it the No. 3 spot in the rankings.

Commercial 421

Commercial Brokerage Agents Industrial 421

Housing Wire

APRIL 30, 2024

It was the largest annualized increase recorded since November 2022. in February, the fastest annual rate since November 2022. Markets in the Midwest and Northeast regions posted some of the fastest-growing home prices, while Southern markets saw slower price growth. National Home Price Index posted a 6.4% the previous month.

Sales 479

Sales Mortgages Marketing 479

Housing Wire

MARCH 23, 2024

We saw the benefit of lower mortgage rates with the last two existing home sales reports, which showed growth. As we can see in the chart below, the 10-year yield and mortgage rates have made a massive move higher since 2022. What have 2022, 2023, and 2024 shown us? When mortgage rates fall, demand picks up.

Mortgages 515

Mortgages Sales As-is Marketing 515

Housing Wire

JANUARY 13, 2024

6-13): Inventory rose from 471,349 to 473,406 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 931,002 I don’t want to jinx this because active inventory rose last year at this time. 2022 21.7% 2022 21.7%

Mortgages 533

Mortgages Sales As-is Marketing 533

Housing Wire

DECEMBER 8, 2023

After today’s jobs report , which showed unemployment at 3.7%, it’s now clear that the Federal Reserve does not need to create a job-loss recession to bring down the growth rate of inflation. Job openings got all the way to 12 million in March 2022 and are currently at 8.7 Now, on to the report. percent, the U.S.

Staging 528

Staging Land Sales As-is 528

Housing Wire

APRIL 6, 2024

Although I expect some of the weekly data to rebound next week as a result, growth in active and new listings is still trending slower than I thought would happen in 2024. This model was based on rates over 7.25% , but even when mortgage rates headed toward 8% last year, we didn’t see that kind of growth in inventory. 2022: 17.6%

Mortgages 473

Mortgages Land As-is Marketing 473

Housing Wire

MARCH 16, 2024

The growth rate of inflation has fallen a lot on the year-over-year data, but mortgage rates haven’t gone down, which isn’t surprising to me as my mantra has been: “Labor over Inflation.” I know it’s not a lot, but growth is growth. It hasn’t been a lot of growth historically, but growth is growth.

Marketing 500

Marketing Mortgages As-is Sales 500

Housing Wire

APRIL 5, 2024

The data shows that wage growth is cooling down and the job opening quits rate is below pre-COVID-19 levels. Since 2022, I haven’t believed the Fed would pivot until the labor market breaks. I believe too many people put too much weight on the inflation growth rate slowing as the primary driver for lower mortgage rates.

Land 485

Land Mortgages Marketing Construction 485

Housing Wire

JANUARY 20, 2024

13-20): Inventory fell from 473,406 to 472,852 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 933,746 Yes, the inventory growth rate slowed weekly, but I will take it! 12-19) : Inventory rose from 505,223 to 506,414 Same week last year (Jan.

Mortgages 541

Mortgages Sales As-is Marketing 541

Housing Wire

FEBRUARY 5, 2024

The ICE Home Price Index for December reported an annual growth rate of 5.6%, up from 5.1% This acceleration, however, is a residual effect of last spring and summer’s strong run of growth, with more recent data suggesting that the growth rate will begin to cool in the coming months, the report noted. million to 3.8

Debt-to-income ratio 458

Debt-to-income ratio Marketing Equity Loans 458

Housing Wire

FEBRUARY 10, 2024

While weekly inventory is still falling, we have year-over-year growth in total active listing and new listings data. A perfect example was in 2022: when housing inventory rose faster as demand crashed, the percentage of price cuts rose faster. What is all this data pointing to?

Mortgages 515

Mortgages Sales As-is Closing 515

Housing Wire

FEBRUARY 13, 2024

In early 2022, real estate listing giant Zillow began discussing its visions for a “Housing Super App.” Central to Zillow’s Super App vision has been its growth pillars , which now include rentals in addition to touring, financing, seller solutions, enhancing its partner network and integrating its services.

Purchase and sale agreement 409

Purchase and sale agreement Agents Finance Loans 409

Housing Wire

FEBRUARY 4, 2024

This is due to demand rising late in one year, pushing through the early part of the next year and preventing inventory growth. A perfect example was in 2022: when housing inventory rose faster as demand crashed, the percentage of price cuts rose faster. The growth rate of inflation is slowing down noticeably.

Mortgages 517

Mortgages Staging As-is Marketing 517

Housing Wire

MARCH 7, 2024

Homeowners saw an average increase of slightly more than $24,000 compared to Q4 2022, adding up to a collective gain of $1.3 The equity growth in the three Northeast states was attributed to “the recent healthy home price increases” in that area of the country. billion (4%) from the $336 billion total in fourth-quarter 2022.

Equity 485

Equity Mortgages Loans As-is 485

Housing Wire

NOVEMBER 11, 2023

Total housing inventory growth has been slow in 2023, but with rising mortgage rates over the last few months, inventory has grown a bit faster than average. The housing inventory growth rate has decelerated for three weeks, and we were barely positive last week, with an increase of only 59 homes. Weekly inventory change (Nov.

Mortgages 491

Mortgages Branding Sales As-is 491

Housing Wire

JANUARY 6, 2024

Traditionally, one third of all homes get a price cut before they sell and when demand gets weaker, this percentage increases, which we saw in 2022 when prices were falling in the second half of the year. Before Christmas came, we had an excellent six-week positive growth trend as mortgage rates fell almost 1.5%

Mortgages 542

Mortgages As-is Branding Marketing 542

Housing Wire

NOVEMBER 4, 2023

Job openings data was fine, but the ADP jobs report came in as a miss, jobless claims came in worse than anticipated, and the jobs Friday report showed a slowdown in job and wage growth. It looks like I will bat a whopping 0 in 2023 for my higher rates inventory growth level forecast. 28, according to Altos Research.

Mortgages 500

Mortgages Staging As-is Marketing 500

Housing Wire

MAY 20, 2024

The company attributed a quarterly gain in production revenue to higher net gains on loans held for sale at fair values due to higher volumes in its direct-to-consumer channel, which the company expanded in 2022. The company also reported growth in its wholesale channel, according to the report.

Principal 440

Principal Investor Loans Mortgages 440

Better Dwelling

DECEMBER 21, 2021

The Canadian Real Estate Association (CREA) is forecasting huge growth for the average home price in 2022. Just six months ago, they had been expecting the boom in 2021 to be followed by slow growth. Now in a market flooded with easy money, they […].

Industrial 115

Industrial Marketing 115

Housing Wire

APRIL 18, 2024

Supply being near all-time lows is one thing, but existing home sales aren’t crashing like they did in 2022. The supply and demand equilibrium changed after November 2022, and that itself has kept prices rising even with existing home sales still trending at the lowest levels ever for the third calender year.

Sales 491

Sales Investor Finance Marketing 491

Housing Wire

NOVEMBER 3, 2023

But, job growth is returning to its average pace. Remember, if we didn’t have COVID-19 and job growth stayed on trend with population growth from February of 2020, we easily should have between 157 million – 159 million total people employed, and today we are at 156,930,000. High school graduate and no college: 4.0%

Mortgages 496

Mortgages Land As-is Marketing 496

Housing Wire

SEPTEMBER 16, 2023

The last four weeks of new listings data have been the most volatile since mortgage rates breached 6% in 2022. As I have stressed, weakness in demand can lead to inventory growth over time, it’s just that in 2023, the growth is much slower than what we saw in 2022. What’s going on with housing inventory ?

Mortgages 491

Mortgages Closing Sales Marketing 491

Housing Wire

MARCH 30, 2024

Unfortunately, I batted a whopping zero last year since inventory growth never hit that level for even one week — even when mortgage rates hit 8%. Here are the number of new listings for last week over the last several years: 2024: 59,854 2023: 48,442 2022: 56,258 For context, new listings data at this time in 2010 ran at 326,266.

Mortgages 485

Mortgages As-is Marketing Industrial 485

Housing Wire

AUGUST 17, 2023

With the housing industry down across the board, upstart title insurance firms couldn’t maintain strong growth rates in 2023. 5000 list, a growth-based ranking of U.S.-based Nine title insurers made the list in 2022. 1115 in 2022. 4,206 in 2023 with a three-year growth rate of 106%. AccuTitle was No.

Title 370

Title Brokerage Industrial Mortgages 370

Housing Wire

NOVEMBER 25, 2023

Weekly housing inventory data As we head toward the end of the year and start the countdown to Christmas, it looks certain that I will not have even one week of the kind of inventory growth I was hoping for when mortgage rates got above 7.25%. Housing inventory fell this week, which is 100% related to seasonality.

Mortgages 536

Mortgages As-is Sales Marketing 536

Housing Wire

JUNE 9, 2023

They went all in during COVID-19 in 2020, doubled down in 2021 as the forbearance crash bros but really bet the farm on a massive home-price crash in 2023 after the most significant home sales crash ever in 2022. In 2022, mortgage rates got as high as 7.37%, so the question was: how low do rates have to go for housing demand to get better?

Mortgages 546

Mortgages Staging Sales Marketing 546

Housing Wire

DECEMBER 2, 2023

That economic growth and lower jobless claims data, on top of the Fed being hawkish at their Fed meeting, sent the 10-year yield over 5% making the Fed policy very restrictive. The call was that if mortgage rates rose above 7.25% , we would see more inventory growth — between 11,000-17,000 weekly. In Q3, the U.S.

Mortgages 543

Mortgages As-is Marketing Closing 543

Housing Wire

FEBRUARY 22, 2024

The company reduced its cost structure by nearly 20% in 2023 following a nearly 25% reduction in 2022, but lower origination volume failed to keep the company profitable as the industry is still going through a challenging period for mortgage lending. compared to the $19 billion volume in Q4 2022. billion for all of 2022.

Mortgages 432

Mortgages Principal Lending Loans 432

Housing Wire

JANUARY 2, 2024

single-family rent growth softened year-over-year in October, but remained above pre-pandemic levels. annual growth in September. Rent growth was also the lowest since the summer of 2020. For these categories, rent-growth changes in October 2023 over October 2022 were: Lower-priced: Rent growth was down 3.3%

Principal 441

Principal Finance Marketing 441

Housing Wire

DECEMBER 30, 2023

We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow. 9, 2022, and they’ll be ready for what’s coming next. So today’s tracker is focused on 2023, the inventory data, and how different this year was from 2022.

Mortgages 515

Mortgages Sales Marketing As-is 515

Housing Wire

FEBRUARY 17, 2024

As we can see below, we are more than double the lows we saw in March of 2022, when I had already deemed the housing market savagely unhealthy. We should see the seasonal bottom soon and then the traditional increase in active inventory to match the growth in new listings data.

Mortgages 535

Mortgages Sales As-is Marketing 535

Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. 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. However, I need to put some context into what happened in 2022.

Marketing 458

Marketing Mortgages As-is Sales 458

Housing Wire

FEBRUARY 15, 2024

billion net loss in 2022 due to the drastic housing market slowdown in the second half of the year, Opendoor greatly curtailed its spending and home acquisition speed in 2023. Indicative of Opendoor’s scaled-back approach to business was the fact that it bought just 11,246 homes in 2023, compared to 34,962 homes in 2022.

Investor 420

Investor As-is Marketing Mortgages 420

Housing Wire

JANUARY 5, 2024

Slowing job growth doesn’t mean a recession, but today’s jobs report tells me that the significant job gains we were accustomed to in the early part of the COVID-19 recovery period are ending, which ties nicely to how I thought labor would recover after COVID. We should get back all the jobs lost to COVID-19 by September of 2022.

Marketing 500

Marketing Staging Land Construction 500