Is housing market demand starting to weaken?

Housing Wire

Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. Homes in May are also on the market for an average of only 17 days.

Local housing markets across the country

Housing Wire

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their market.

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Homebuyers are growing weary of the housing market

Housing Wire

Homebuyers are feeling pretty discouraged by the housing market these days. In fact, four of the HPSI’s six components measuring market expectations increased month over month. Borrowers who aren’t stuffing their pockets full of refi savings may be making it up on the job market.

Housing market inventory is starting to recover

Housing Wire

That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae.

Fannie alters 2021 forecast due to housing market shortage

Housing Wire

A full month of sub-3% mortgage rates , ongoing housing market supply constraints, and a 300% increase in lumber prices over the past 15 months has prompted Fannie Mae ‘s Economic and Strategic Group to revise several of its 2021 forecasts. That could boost the housing market.

Should government help create housing market supply?

Housing Wire

In 2021, we already have the unhealthiest housing market — in terms of low housing market supply and multiple bids for each sale — than we have had in the last 10 years. The post Should government help create housing market supply?

Working with buyers in the nation’s hottest housing market

Housing Wire

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. It is just a super tight housing market.

Scottsdale housing market: Not just for snowbirds anymore

Housing Wire

But the Scottsdale housing market, and Arizona as a whole, has seen an enormous uptick in out-of-state movers in the past 14 months — when the COVID-19 pandemic began spreading across the country, ultimately allowing people to work from home and seek larger, more cost-effective lots to live on.

Existing home sales data: A bad sign for housing market?

Housing Wire

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. housing market for 2020 to 2024 is that home prices could escalate to an unhealthy level. The post Existing home sales data: A bad sign for housing market?

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What a dismal jobs report means for the housing market

Housing Wire

HousingWire spoke to housing market economists and mortgage industry veterans to get their take on how they believe the jobs report will impact the mortgage and housing industries. The post What a dismal jobs report means for the housing market appeared first on HousingWire.

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.

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.

Doug Duncan to speak at Engage Marketing June 17

Housing Wire

That information is still critical this year, that’s why we’ve invited Doug Duncan , senior vice president and chief economist at Fannie Mae , to speak at HousingWire’s virtual Engage Marketing event on June 17.

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.

What’s next for the overheated housing market?

Housing Wire

For the housing market, the COVID crisis started in earnest the week of March 23, as that is the last week we saw positive year-over-year data in 2020 before COVID-19 really took us for a ride. We now have what I would consider to be the unhealthiest housing market in the last 10 years.

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.

Fannie Mae reports rising confidence in housing market

Housing Wire

Following two months of steady declines, Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, rose in January. Is the housing market recovering?

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.

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.

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.”.

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.

Regardless of price, Austin homes still flying off the market

Housing Wire

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. Homes are staying on the market an average of 24 days, Redfin reported. The jumbo market for brokers is back in a huge way.

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.”.

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.

Should you buy a home in a super-hot housing market?

Housing Wire

If you bought into the theories being peddled by this crash-cult crowd (who, by the way, have been infecting the discourse of economics since the creation of social media and YouTube channels) then you would have believed that the second housing market bubble crash was imminent during 2020.

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.

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

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.

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.

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 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 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.

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

Purchase market is poised to topple refi’s reign in 2021

Housing Wire

While 2021 likely won’t approach the record breaking tizzy of 2020, the housing market will continue to flourish on the strength of the purchase market, according to economists at the Mortgage Bankers Association.

How appraisers value homes in a hot housing market

Housing Wire

As anyone involved in the residential real-estate market knows, bidding wars – and contract prices exceeding the list price – are the norm today in many markets around the nation. The post How appraisers value homes in a hot housing market appeared first on HousingWire.

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.

Why we can’t build our way out of this hot housing market

Housing Wire

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. make corrections to the misguided lending standards) to have a stable, growing housing market once again — and this took time.

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.

The Right Expert Will Guide You Through This Unprecedented Market

Keeping Current Matters

In a normal market, it’s good to have an experienced guide coaching you through the process of buying or selling a home. However, the market we’re in today is far from normal. Today’s housing market is full of extremes. For Buyers For Sellers Housing Market Updates Content Hub