Housing Wire

JUNE 25, 2023

Mortgage rates were again in a small range, hanging near 7%. The affordability hit with higher mortgage rates has impacted new listings data since most sellers are buyers, thus facilitating an all-time low in new listings data. Nothing good is happening in housing when days on market are so low. Unless the U.S.

Marketing 407

Marketing Mortgages Days on market Sales 407

Housing Wire

FEBRUARY 23, 2024

Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. This is nothing dramatic, but similar to what we saw in 2023 when mortgage rates rose from 5.99% up to 7.25%.

Sales 467

Sales Days on market Mortgages Investor 467

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. Purchase apps look out for 30-90 days, so it will be some time before this hits the home sales data.

Marketing 493

Marketing Mortgages Sales As-is 493

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 505

Marketing Mortgages Sales As-is 505

Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. First, mortgage lending standards have remained high after the last bubble. People can afford to pay their mortgages. As a result of the fallout from the great recession, mortgage quality has been far more regulated and viewed with suspicion.

Marketing 487

Marketing Equity Mortgages Short sale 487

Housing Wire

MARCH 18, 2022

You can see why I have been on team higher mortgage rates for some time now because we don’t have any other way to get off this madness. To get the housing market to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 NAR Research : Unsold inventory sits at a 1.7-month months and down from 2.0

Marketing 542

Marketing Investor Sales Days on market 542

Housing Wire

DECEMBER 21, 2022

In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” Lawrence Yun, NAR’s chief economist, said in a statement. However, in recent weeks, mortgage rates have declined and currently hover around 6.3%. million homes, which represents 3.3

Sales 382

Sales Mortgages Principal Days on market 382

Housing Wire

NOVEMBER 2, 2022

Despite new language in the Federal Open Market Committee statement that suggested a potential slowdown in curbing inflation, Federal Reserve Chairman Jerome Powell maintained a hawkish tone on raising the federal funds rates during Wednesday’s press conference. Once inflation is contained, mortgage rates will start to drift lower.

Industrial 406

Industrial Mortgages Fixed-rate mortgage Principal 406

Housing Wire

NOVEMBER 19, 2020

Days on market fell from 36 days to 21 days on a year-over-year basis. The housing market is hot. You may be told that future moderation indicates “cracks in the housing market, but don’t buy into it. Before COVID-19, housing market data broke out for the first time in a long time. year over year.

Marketing 545

Marketing Sales Mortgages Days on market 545

Housing Wire

DECEMBER 29, 2021

A bullish housing market. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. mortgage rates, so on the mortgage rate side of the equation, it’s never been better. What a year 2021 has been. We started the year with many pundits saying that the U.S.

Marketing 532

Marketing Equity Construction Bankruptcy 532

Housing Wire

JANUARY 20, 2023

housing market , we just experienced an event that most people never thought could happen. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. The days on market were too low.

Sales 540

Sales Days on market Mortgages Lending 540

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. But it’s clear that the dramatic shift in the market is about more than just seasonal fluctuations.

Marketing 321

Marketing Mortgages Equity Days on market 321

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 395

Marketing Inspection Sales Lending 395

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

Keeping Current Matters

SEPTEMBER 2, 2021

There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning. Mortgage Rates.

Marketing 258

Marketing Days on market Mortgages Residential 258

Inman

JANUARY 19, 2023

Slowing mortgage rate growth impacted homebuyers and sellers in different ways in December, according to Zillow's latest market report. The dip was enough for buyers to navigate the winter market, but wasn't enough for would-be sellers to list.

Mortgages 149

Mortgages Marketing Days on market 149

The Close

FEBRUARY 20, 2024

In real estate, the market is tied to the basic economic rule of supply and demand, which determines if a market is a buyer’s market vs seller’s market. Sure, certain seasons might have more foot traffic than others, but the housing market could vary drastically from neighborhood to neighborhood.

Marketing 91

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

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. There are a few factors contributing to the cooling in buyer demand: Mortgage rates: Mortgage rates have risen significantly in recent months, making it more expensive to buy a home.

Marketing 98

Marketing Days on market Investor Sales 98

Marco Santarelli

OCTOBER 3, 2023

The Little Rock housing market is currently experiencing a period of change and uncertainty. Home prices have seen a slight decrease compared to the previous year, yet the market remains relatively competitive. Several factors contribute to the present state of the Little Rock housing market.

Marketing 98

Marketing Pre-approval Days on market Commercial 98

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 365

Short sale MLS Banks Loans 365

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Agents 445

Agents Equity New Construction Days on market 445

Bigger Pockets

MAY 15, 2023

Two real estate markets still look like they’ve got room to grow in 2023, even as home prices face downward pressure for high mortgage rates and days on market begin […]

Marketing 102

Marketing Days on market Mortgages 102

Zillow Market Reports

APRIL 12, 2024

All five comprise the most expensive markets among the 50 largest in the U.S. It’s not a coincidence that these five metros are also where the highest share of homeowners are likely locked into their mortgage rate. In many markets where new and total inventory has recovered, buyers are gaining traction in negotiations.

Marketing 89

Marketing New Construction Construction Mortgages 89

Real Trends

NOVEMBER 28, 2022

Logan digs into the housing market data on pricing, days on market, inventory and demographics to give real estate professionals a real-time look at what’s happening today and how that will play out in the market in 2023. I said, “Okay, I’ve got 133 million people still working, and mortgage rates just went down.

Marketing 103

Marketing Days on market Brokerage Mortgages 103

Realty Biz

MARCH 13, 2024

While rising prices and mortgage rates present challenges, it’s still possible to find your dream home with the right strategy. This article explores the key factors home buyers need to know about the Maryland housing market this year. While a market correction is possible, conditions do not point to a 2008-level housing crash.

Pre-approval 91

Pre-approval Marketing Inspection Closing costs 91

Marco Santarelli

OCTOBER 4, 2023

The Missoula housing market is a competitive one, with home prices rising steadily in recent years. One is the city's strong economy and job market. Market Dynamics in Missoula, MT Missoula, MT is a buyer's market in August 2023 , which means that the supply of homes is greater than the demand for homes.

Marketing 98

Marketing Pre-approval Investor Days on market 98

Housing Wire

JANUARY 20, 2023

The housing market may have started 2022 out with a bang, but it exited the year with a whimper,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.” year-over-year increase in December to $366,900.

Sales 381

Sales MLS Mortgages Marketing 381

Marco Santarelli

OCTOBER 4, 2023

The Newark housing market is currently in a competitive state, with a median sale price of $440,000 in August 2023. Homes in Newark are typically on the market for 49 days before selling and receive an average of 3 offers. The Newark real estate market is relatively small, with a population of just over 311,000 people.

Marketing 89

Marketing Due diligence Investor Pre-approval 89

Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. I have been talking about the range of inventory that I need to see to remove the ‘ savagely unhealthy’ housing market theme. A boring and balanced (B&B) housing market is the best housing market. This means 4%+ mortgage rates.

Sales 509

Sales Mortgages As-is Marketing 509

Windemere Selling

MARCH 8, 2023

Your local market conditions dictate the real estate climate around you. Where things are on the buyer’s/seller’s market spectrum will impact how you and your Windermere real estate agent approach selling your home. The housing market is categorized as a seller’s market when demand for homes is greater than the supply on the market.

Marketing 93

Marketing Days on market MLS Agents 93

Marco Santarelli

DECEMBER 23, 2023

How is the Kissimmee housing market doing currently? Let us talk about the Kissimmee housing market , exploring its trends, and forecast for 2024. Median Sale Price on the Rise One of the most notable aspects of the Kissimmee housing market is the steady increase in the median sale price despite rising mortgage rates in 2023.

Marketing 98

Marketing Investor Development Sales 98

Broke Agent Media

MARCH 28, 2023

metros with housing markets that have cooled down the fastest from February 2022 to February 2023. Housing markets in tech hubs and pandemic hotspots are cooling the fastest this year, while markets in Connecticut, New York and areas in the Midwest are holding up the best. Is your market heating up or slowing down this spring?

Seller concession 98

Seller concession Marketing Sales Industrial 98

Broke Agent Media

FEBRUARY 6, 2023

BAM Key Details: According to the Knock Buyer Seller Market Index report, continuing shifts in the U.S. housing market will increase the number of buyers’ markets from 13 to 34 by the end of 2023. According to the Knock Buyer Seller Market Index report, continuing shifts in the U.S. That’s actually good news for buyers.

Marketing 98

Marketing Days on market Sales As-is 98

Housing Wire

MAY 9, 2022

housing market follow Canada? In short, the answer is no, we won’t have the type of home-price velocity that Canada has experienced because our housing market is more diverse than theirs. housing market is more tied to mortgage buyers. When mortgage rates rise, two things always happen here in America.

Short sale 529

Short sale Mortgages Equity Sales 529

Marco Santarelli

NOVEMBER 8, 2023

The Des Moines housing market is currently considered a hot market. Homes in Des Moines are typically selling after just 11 days on the market. Overall, the Des Moines housing market is expected to remain strong in 2023, but there are signs that it may be cooling slightly. However, for now, the outlook is positive.

Marketing 97

Marketing Investor Property Management Days on market 97

Housing Wire

NOVEMBER 30, 2023

Kenon Chen: The challenge that’s in front of everyone continues to be the market itself, and then housing affordability. With mortgage rates continuing to remain high and home prices remaining high because of low supply, we’ve had another year of a reduced market. SW: What keeps you up at night?

Loans 427

Loans Technology Days on market Investor 427

Marco Santarelli

NOVEMBER 5, 2023

The Greenville housing market has experienced a remarkable transformation in recent years, driven by a surge in demand and a limited supply of available homes. This dynamic market presents both opportunities and challenges for buyers and sellers alike. Greenville is a seller’s market in September 2023.

Marketing 98

Marketing Investor Sales Days on market 98