Here’s how to fix the housing market inventory crisis

Housing Wire

housing market is in the midst of an inventory crisis. At the same time, home sales have soared close to record highs , suggesting the housing market suffers exclusively from a supply (and not demand) problem. housing market desperately needs. The U.S.

Millions will enter housing market in 2021: Zillow

Housing Wire

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. Specifically, housing markets like Portland, Maine , Bay City, Mich.

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Will the Housing Market Bloom This Spring?

Keeping Current Matters

Spring is almost here, and many are wondering what it will bring for the housing market. Here’s what a few industry experts have to say about the housing market and how it will bloom this season. The experts are very optimistic about the housing market right now.

COVID-19 remains “wildcard” in 2021 housing market

Housing Wire

Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said. Realtor.com forecasts that 2021 will continue to be a robust seller’s market.

These are the most competitive housing markets in the U.S.

Housing Wire

In the most competitive housing markets in the country, virtually every buyer has immaculate credit, a few hundred thousand dollars – or more – for a downpayment and knows what their mortgage options are. In the nearby San Francisco housing market, where the average home sells for $1.4

How homebuilders are competing in this crazy market

Housing Wire

The state of the market means increased competition among homebuilders, who are grappling with how to keep prices affordable as their own costs rise. The post How homebuilders are competing in this crazy market appeared first on HousingWire.

Even with low inventory, expect a strong 2021 housing market

Housing Wire

Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market. The post Even with low inventory, expect a strong 2021 housing market appeared first on HousingWire.

How Pueblo, Colorado became a hot housing market

Housing Wire

One example is Colorado’s housing market, which has seen the effects of an insanely competitive market combined with low inventory push buyers into secondary cities – and sometimes, beyond.

Housing market outlook for 2021…and beyond

Housing Wire

With it behind us, let’s look ahead at several housing market trends that are likely in 2021 and beyond. Get $75 off your initial membership with coupon code “intro75” The post Housing market outlook for 2021…and beyond appeared first on HousingWire.

Buyer & Seller Perks in Today’s Housing Market

Keeping Current Matters

Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Frank Martell, President and CEO of CoreLogic , explains : “ Positive factors like record-low interest rates and a booming housing market encouraged many families to enter homeownership.

The housing market outlook for 2021

Housing Wire

Get $75 off your initial membership with coupon code “intro75” The post The housing market outlook for 2021 appeared first on HousingWire. Magazine Mortgage Real Estate 2021 forecast Housing market outlook HWplus MBAThere is no place like home.

What It Means To Be in a Sellers’ Market

Keeping Current Matters

Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase. Home prices are appreciating in today’s sellers’ market. For Sellers Housing Market Updates Pricing Content Hub

The Hawaii housing market heats up

Housing Wire

That trend is holding true for the housing market in Hawaii, located about 2,500 miles west of the mainland. But the rising costs aren’t deterring buyers from the Hawaii housing market, with many buying sight-unseen. “I That’s kind of the hottest market, I would say.”.

What bonds are telling us about the housing market

Housing Wire

Think of the markets as capitalist soothsayers. The markets react to what has the potential to make money for companies, good or bad, and what has the potential to prevent companies from making money. Also, whether they believe there will be economic and housing market growth.

Chopra warns of post-COVID housing market fallout

Housing Wire

In his confirmation hearing Tuesday before the Senate Banking Committee , Chopra, President Joe Biden’s choice for director of the Consumer Financial Protection Bureau , emphasized that the CFPB has to be ready for housing market fallout due to the pandemic.

Homes in Boise, Idaho are “flying off the market”

Housing Wire

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 Especially if a home has acreage, it will “fly off the market.”.

Will we have a buyer’s housing market in 2021?

Housing Wire

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum.

2021 housing market outlook: No signs of slowing

Housing Wire

2020 has been a remarkably strong year for the housing market. Incredibly, next year’s housing market outlook is poised to be much stronger. The market should shatter that pace in 2021, potentially hitting 6.9

Invest in real estate, not the stock market

Housing Wire

The stock market is a funny game. The stock market is at an all-time high, finishing 2020 at record levels. But these gains are a temporary disguise, masking the true future of a volatile market. A homebuyer’s guide to a competitive housing market. The stock market.

The last stand for forbearance housing market crash bros?

Housing Wire

Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing? . We know the current status of the housing market in America is vigorous, if not hot.

Compass aims for $10B+ market valuation

Housing Wire

would give the brokerage a “fully diluted market value of $12.5 Reuters and other outlets Tuesday morning pegged Compass’s hoped-for market value at $10 billion. Realogy has more than double Compass’s market share (and endured its own $356 million loss in 2020) but traded at $15.09

Market Topics

BubbleInfo

2021 Bidding Wars Frenzy Jim's Take on the Market Market Buzz Market Surge Spring KickI love hearing from new readers! Hi Jim, I have recently stumbled upon your blog and find it very interesting as I am an appraiser in San Diego.

RedfinNow launches in Phoenix housing market

Housing Wire

Phoenix is the first market RedfinNow has launched in 2021, following the launch of San Francisco and Seattle early last month. RedfinNow is entering an already crowded market, joining the likes of Zillow , Opendoor and Keller Offers as well as bridge solutions like Knock Home Swap.

The housing market is hot, but not in a bubble

Housing Wire

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.

The Luxury Market Is Attracting Buyers in 2021

Keeping Current Matters

In their most recent Luxury Market Report , the Institute for Luxury Home Marketing (ILHM) shares: “In a snapshot of 2020, despite the devasting effects of the coronavirus pandemic, the luxury real estate market has seen one of its strongest years since 2008.

The purchase market is an opportunity for the title industry

Housing Wire

Prognosticators are already suggesting the mortgage market has recently “peaked.” If the past two decades are any indication, the impending purchase-dominated market will bring discussion of softening margins and higher expenses. How well you market yourself.

Title 232

First-time homebuyers fueling hot Des Moines housing market

Housing Wire

The Des Moines housing market has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Housing inventory in the Des Moines housing market is tight.

Sellers Are Returning to the Housing Market

Keeping Current Matters

In today’s housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand. Now, however, we’re seeing sellers slowly starting to come back into the market, a bright spark for potential buyers.

As prices rise, Utah housing market less of a bargain

Housing Wire

As movers flock to secondary cities in search of more land for less cash, the Utah housing market – land of ski slopes and mountain trails – has become a popular destination, especially for those leaving California.

Compass losing money, gaining market share

Housing Wire

The post Compass losing money, gaining market share appeared first on HousingWire. The numbers are in: Compass lost $270 million in 2020, and the residential real estate brokerage generated $3.7 billion in revenue.

Luxury housing market inspires ‘total frenzy’ in vacation boom towns

Housing Wire

And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housing markets are still crazy right now. Miami Realtor Ines Flax, with One Sotheby’s International , said her housing market is heating up this winter.

What to expect from the 2021 housing market

Housing Wire

From this stronghold I have been able to see past the chaos and view the economy and the future of the housing market through the lens of my core economic principles. million, my number for an outperforming market. Here’s what I think that means for the 2021 housing market.

2021 housing market forecast: It’s about politics, not economics

Housing Wire

At the same time, the housing market has shown surprising resilience , with price growth and home sales rising to new heights. Without renewal, our housing market forecasts show 2021 could highlight the underlying economic damage from the pandemic. housing market was spared catastrophe.

Knock Home Swap expands presence in Florida market

Housing Wire

Knock ’s Home Swap solution is now available in three new markets in Florida: Homeowners in Miami, Fort Lauderdale and West Palm Beach can buy their next home before selling their current one. Knock entered the Florida market in October. with plans to expand to 21 markets by mid-2021.

Knock Home Swap solution enters the Florida market

Housing Wire

Knock Home Swap has expanded into Orlando, Florida and Tampa, Florida, its first markets in the Sunshine State. In these markets Home Swap will be offered through Keller Williams Realty of Central Florida , Keller Williams LeHeup Group and Keller Williams Suburban Tampa – The Chadwick Group.