Housing Wire

FEBRUARY 4, 2024

How will mortgage rates impact seasonal inventory in 2024? Is the seasonal bottom going to happen later than I want? It’s not what I wanted to see in 2024, but I have to be realistic since we are already in February. Here is a look at last week: Weekly inventory change (Jan.

Mortgages 515

Mortgages Staging As-is Marketing 515

Housing Wire

JUNE 21, 2022

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. Now that mortgage rates have risen, demand is getting hit, while we are still showing 14.8%

Purchase and sale agreement 540

Purchase and sale agreement Marketing Sales Mortgages 540

The Close

FEBRUARY 20, 2024

Sure, certain seasons might have more foot traffic than others, but the housing market could vary drastically from neighborhood to neighborhood. Strategic home searching: The high inventory allows buyers to be choosy. A buyer’s market can be determined by calculating the months of inventory. They also need to move fast.

Marketing 91

Marketing Debt-to-income ratio MLS Pre-approval 91

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.

Days on market 537

Days on market Loans Mortgages Sales 537

Housing Wire

DECEMBER 20, 2021

Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. The 10-year yield and mortgage rates. That range dictated that mortgage rates would roughly stay between 3.5%-4.75%.

Mortgages 544

Mortgages Sales As-is Construction 544

Housing Wire

DECEMBER 23, 2020

From the Census Bureau: “Sales of new single-family houses in November 2020 were at a seasonally adjusted annual rate of 841,000, according to estimates released jointly today by the U.S. This is 11% (±9.5%) below the revised October rate of 945,000, but is 20.8% (±19.5%) above the November 2019 estimate of 696,000.”

Sales 527

Sales Construction Development Design 527

GeekEstate

DECEMBER 29, 2022

Many links included are to members-only articles, so won’t be accessible without an account already setup.]. Image created with: Jasper Prompt: New Years celebration over a city skyline reflecting houses reflecting technology with text reading “2022” Mortgage rates went up, and buying houses became harder.

MLS 62

MLS Title Residential Brokerage 62