Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. The speed at which home sales crashed in 2022 was historic, but in 2023, no matter how high mortgage rates got, new listings data didn’t create a new leg lower.

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Housing Wire

FEBRUARY 4, 2024

I am a very pro-housing supply person and will feel much better about the housing market when we return to pre-COVID-19 levels for total active listings. I am a very pro-housing supply person and will feel much better about the housing market when we return to pre-COVID-19 levels for total active listings.

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Housing Wire

MAY 30, 2023

On Tuesday the FHFA House Price Index hit an all-time high. In this article I’ll explain why this is happening and why we still have a savagely unhealthy housing market. If home sales were crashing at the same pace they were last year, we would all be having a different discussion. house prices rose 4.3

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Housing Wire

JANUARY 2, 2023

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. In a normal market, we wouldn’t need to be concerned about weekly data so much, but we aren’t living in normal times.

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Housing Wire

MAY 4, 2023

On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. On the other hand, inventory is still low, and homes are still selling fast, often with multiple offers. Home shoppers who are waiting to score a deal are going to be disappointed in 2023.

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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. 2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. million new and existing home sales combined.

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Housing Wire

DECEMBER 28, 2021

This article is part of our HousingWire 2022 forecast series. By the fall, real estate agents in Boise, Idaho were passing around a video they didn’t like but couldn’t resist watching. But home sales or real estate prices dropping may not be in the cards. “We Moreover, 2021 was a historic year for home prices.

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Housing Wire

NOVEMBER 13, 2023

I recently read editorials and articles by such esteemed publications as The Economist , Entrepreneur Magazine , and The Wall Street Journal concerning the antitrust real estate commission lawsuits. Home prices would likely fall.” Sales prices don’t go up or down based on closing costs.

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Housing Wire

APRIL 25, 2023

This article is part of our ongoing 2023 Housing Market Forecast series. This weakness in homebuyer demand and the ongoing purchasing power impact of higher interest rates has also begun to show up in home prices, which are down on a year-to-year basis for the first time in over a decade. To register, go here.

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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

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. But more recently, market conditions have done an about-face. However, instead of being dejected, now is the opportunity for everyone to become re-educated about what a “typical” housing market looks like. Bright MLS’ forecast suggests that there will only be 4.87

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Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. Home Prices will fall, but don’t expect 2010. Median home prices have declined for four straight months. Heading into 2023, it seems well within reason, given current trends, that a peak-to-trough decline in home prices of 10% is possible.

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Housing Wire

JUNE 27, 2023

New home sales are up 20% year over year, and existing home sales are down 20% year over year; this is something we don’t see very often. One group has the advantage here while the other doesn’t: The new home sales market is minuscule versus the existing one, and the builders sell their homes like a commodity.

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Housing Wire

MAY 23, 2023

These buyers are primarily local community developers who purchase distressed properties and then resell or rent those properties on the retail market following rehab — a process that typically takes about six months. The national median home price decreased 1.7% That mild correction has played out, with an emphasis on mild.

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Housing Wire

MARCH 31, 2022

The Dallas Fed on Thursday published an article titled: Real-Time Market Monitoring Finds Signs Of a Brewing U.S. The online reaction was immediate — housing must be about to crash. crew, this would mean home prices would have to get back to 2012 in a short amount of time. Home prices have grown 108.3%

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Housing Wire

JUNE 10, 2022

Below, Esser answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? His articles are always my favorite. His recent article, “Purchase apps are at 2009 level: where’s the inventory?” Based in New Jersey, Esser and her team have been recognized as the No.

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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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Housing Wire

MAY 10, 2022

This article is part of our housing market economic update series. The housing market is heading toward an inflection point — a rebalancing that will mean the end of the record-high price appreciation we’ve seen over the past year. The important thing to remember is that this rebalancing in no way should cause worry about a crash.

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Housing Wire

JUNE 14, 2021

I coined the term forbearance crash bros last year to show that people who screamed that housing would crash in 2020 simply weren’t equipped to talk about housing economics in 2020 and 2021. On Friday, Black Knight reported that the number of loans in forbearance are on the verge of falling below 2 million.

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Housing Wire

MAY 26, 2022

Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time. Let’s take a look here together because I have been worried about unhealthy home price growth since the breakout in housing demand in 2020, but it’s not because of record-breaking credit demand.

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Housing Wire

MARCH 16, 2023

Typically good economic data is bad for rates, especially in this environment, when a Fed member will come out and say building or buying homes is bad for fighting inflation. Like most recessions, when demand falls, so does production. Earlier Thursday morning, the 10-year yield was at 3.42%, but as I write this article, it’s 3.52%.

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Housing Wire

DECEMBER 29, 2021

economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. During this timeframe we have a historic one-time bump in ages 28-34 — the peak age for home buying.

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Housing Wire

MARCH 14, 2023

Of course, if the Fed keeps talking about 1970s-style entrenched inflation, I will keep telling them to leave their disco pants at home because this isn’t the 1970s. From the CoreLogic rental survey : Read more about why today doesn’t compare to 1970s inflation here. percent in January, the U.S.

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Housing Wire

JANUARY 12, 2023

This article is part of our 2022 – 2023 Housing Market Update series. Fueled by the work-from-home exurb mania which joined forces with the newly minted individual and institutional passive investors, outsized demand was created that defied demographics. history. .

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Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. Here’s what that buyer behavior in the second half of 2022 is telling us about two key retail market trends in 2023: 1. Here’s what that buyer behavior in the second half of 2022 is telling us about two key retail market trends in 2023: 1.

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Housing Wire

APRIL 13, 2022

What I am hoping for is that higher rates create more days on the market, cool price growth down, and at some point this year, we stop being negative and be positive on a year-over-year basis. Seasonal inventory is about to rise, so let’s hope for the best. To get access to the next Q&A, you can join HW+ here.

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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 needed to end this madness before we had prices escalate over 20% for another year.

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Housing Wire

MAY 28, 2023

Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. Active housing inventory , thankfully, saw some decent growth last week. Purchase application data had a second straight week of declines. These two factors sent bond yields shooting up. From the St.

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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. What is going on here? percent (±20.8 percent (±19.6

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Housing Wire

MARCH 22, 2024

We’ve compiled this house-hunting checklist you can review with your buyer clients to help them better understand the home-buying process. Make it about them and their needs, with you as their advocate. Make it about them and their needs, with you as their advocate. The elephant in the room needs to be discussed: the lawsuits.

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Housing Wire

DECEMBER 20, 2021

When COVID-19 was about to hit our economy, I forecasted that the 10-year yield recessionary yields should be in a range between -0.21%-0.62%. About a month later, I published my AB (America is Back) recovery model , which said that the 10-year yield should get back toward 1%. The forecast. Current conditions don’t support this.

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Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After two years of runaway home prices, the Federal Reserve stepped in to reverse engineer rampant inflation, and it has been utilizing the housing market as one of the main economic engines to achieve its objective. They eased below 6.5% in September 2022.

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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? We have been mindful that the data we got with housing starts yesterday, and today’s existing home sales data is backward-looking. To get access to the next Q&A on May 4th, you can join HW+ here.

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Housing Wire

FEBRUARY 1, 2024

A good real estate website includes more than just drool-worthy images of homes priced to sell. Your real estate website should serve multiple functions, almost like a digital business card with an MLS listing storefront, a booking platform, a home valuation page, and even your background story and biography.

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Housing Wire

MARCH 13, 2023

Given the current market, my business is at least about 60% renters and the other 30% to 40% is buyers and sellers,” Tsai said. Given the current market, my business is at least about 60% renters and the other 30% to 40% is buyers and sellers,” Tsai said. But, home prices were still up over 15% year over year, ac-cording to Redfin.

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Housing Wire

MAY 2, 2023

In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. In most markets, the seller, or supplier, makes their decision about adding supply to the market independent of the buyer, or source of demand, and their decision to buy.

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Housing Wire

JANUARY 26, 2022

This article is part of our HousingWire 2022 forecast series. Experienced real estate investors often say that there are opportunities in every market — whether prices are rising or falling, whether the trends lean towards a buyers’ market or a seller’s market. 2022 Forecast series. 5 predictions for the 2022 housing market.

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