Here’s why new home sales are up along with prices

Housing Wire

Today new home sales beat estimates , and new home median sales prices hit an all-time high. Hopefully, I can make sense of this report, which showed the home sales beat estimates with prices still at all-time highs. In theory, the sales levels are lower than the data will show.

Sales 390

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. This was a miss from estimates and the third straight month of declines in sales. This sales trend looks very normal to me.

Sales 426
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New home sales continued to yo-yo in October

Housing Wire

Homebuilders must be feeling some whiplash, as new single-family home sales continued to yo-yo in October. After rebounding in August from a drop in July only to fall again in September , new home sales were back up in October, according to data released Wednesday by the U.S.

Sales 329

Pending home sales are down 31% from last year

Housing Wire

Pending home sales continued their downward spiral in September, recording a 10.2% Pending home sales have now fallen in 10 of the last 11 months. Economists predicted that pending home sales would drop by 4.0%

Sales 417

Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

In this webinar, Mary Maloney will demonstrate a methodology that will help you create a pipeline with continuous prospects.

Pending home sales dip as “seesaw” market continues

Housing Wire

Following a robust May, pending home sales declined in June. The overall pending home sales index fell 1.9% The volume of existing-home sales in 2001 was within the range of 5 to 5.5 Regionally, pending home sales in the Northeast increased 0.5%

Sales 377

Layoffs hit Sales Boomerang, Mortgage Coach

Housing Wire

Mortgage fintechs Sales Boomerang and Mortgage Coach reduced employee headcount by at least 20 this month as the industry struggles to stay afloat amid mortgage lenders rightsizing during one of the most challenging times. Mortgage Mortgage Coach mortgage layoffs Sales Boomerang

Sales 364

Existing home sales are still savagely unhealthy

Housing Wire

The savagely unhealthy housing market is continuing as we get closer to August. We still have the unhealthy dynamics of noticeable sales declines, but prices are still growing year over year. Sales were down 5.4% And, the median existing-home sales price climbed 13.4%

Sales 410

Existing home sales now outperforming

Housing Wire

The National Association of Realtors ‘ existing home sales report for October came in at a solid beat of estimates at 6.34 This number is above my trend sales peak of 6.2 million and that means we have had back-to-back existing home sales prints of over 6.2 NAR : Sales fell 5.8%

Sales 424

Are new home sales flagging a recession?

Housing Wire

Tuesday, the new home sales report officially put that sector in the penalty box, and we are very close to raising the fifth recession red flag. When new home sales and housing starts begin to fall together, a recession is usually not far away. From Census : Sales of new single?family

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The Complete Realtor: Tools to Successfully Manage Your Personal Life, Career, and Health

Speaker: Marki Lemons Ryhal, REALTOR, Keynote Speaker, 4X International Best Selling Author, and Podcaster at ReMarkiTable, LLC

In this webinar, Marki Lemons Ryhal will teach you how you can pivot and succeed as a real estate agent in the face of adversity!

2021 housing market forecast: What will fuel home sales?

Housing Wire

We already saw much of this movement in 2020, as home sales surged over 20% this fall, but many homeowners were nervous about listing during the pandemic and will be ready to sell in droves next year. This will send home sales to highs not seen since before the Great Recession of 2008.

Sales 390

Existing home sales: Unhealthy housing market continues

Housing Wire

Almost three months ago, I wrote that based on the year-over-year growth in purchase applications, the housing market should have a few existing home sales under 5,840,000. We ended 2020 with 5,640,000 existing home sales which was only roughly 130,000 more than 2017 levels.”

Sales 386

New home sales are up 28% — but don’t believe the hype

Housing Wire

New home sales came in as a massive beat of sales estimates, with a 28% month-to-month increase. And, out of the 461,000 new homes available for sale, only 49,000 have been completed and are available to be occupied. months and below, this is an excellent market for the builders.

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New home sales beats estimates, but what does it mean?

Housing Wire

New home sales beat the headline estimates and had positive revisions. First, we must never forget that the new home sales reports can be very wild month to month and that positive or negative revisions are widespread. From Census : New Home Sales Sales of new single?family

Sales 390

#Trending: How to Leverage Instagram’s Algorithm to Build Your Pipeline

Speaker: Eric Simon, Founder of The Broke Agent Media | Matt Lionetti, Real Estate Salesperson at The Agency

In this session, The Broke Agent and Matt Lionetti will break down the strategies they utilize to grow their Instagram accounts to over 360,000 and 40,000 followers. They will also discuss vertical video, podcasting, and the importance of producing consistent content!

Pending home sales data crushes housing bears

Housing Wire

Today’s pending home sales came in at a big beat of estimates, running at 8.1% One of my main goals for sharing housing sales data in 2021 is to give people a sales trend range to work off this year to know if home sales are doing well.

Sales 419

Savage: Even with sales down, home prices up 10.8% ?

Housing Wire

Today the National Association of Realtors reported that the trend of declining existing home sales, which we have seen since mortgage rates rose, is getting worse. The savagely unhealthy housing market continues — a function of starting the year at all-time lows in inventory.

Sales 422

New Home Sales Increase in October

Eyes on Housing

New home sales rebounded in October despite higher mortgage rates, likely due to low existing home inventory and builders using incentives to attract buyers to the new home market.

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Point-of-Sale Solutions Special Report

Housing Wire

In today’s market, lenders are looking to differentiate themselves from the competition by providing a superior experience for the borrower. Sponsored Content Magazine Point of sale Special Report Special Reports

Sales 195

How Enriching the Lives of Your Clients Leads to Greater Sales Success

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Join this fire-side chat to learn proven methods that will help you maintain your client relationships in an efficient manner.

Homebuilders buckle up as new home sales falter in September

Housing Wire

The new single-family home sales rollercoaster ride continues. After rebounding in August from a drop in July, new home sales were back down again in September, according to data released Wednesday by the U.S. The slower sales pace meant that inventory was back up in September.

Sales 311

The new home sales recession continues

Housing Wire

Tuesday’s new home sales report missed expectations and had negative revisions, which isn’t surprising given this sector of our economy simply can’t handle higher mortgage rates. From Census : Sales of new single?family We had missed sales estimates in 2013, 2014 and 2015.

Sales 312

Pending home sales down nearly 25% from 2021 in August

Housing Wire

Pending home sales continued to drop in August, recording a 1.0% The Pending Home Sales Index has declined for nine out of the past 10 months. Due to the rising mortgage rate environment and weaker overall economic activity, NAR said it expects existing-home sales to fall 15.2%

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Why did existing home sales beat expectations?

Housing Wire

The National Association of Realtors reported that existing home sales for January came in as a big beat at 6.5 This is well above my peak sales ranges for 2022, as the sales trend forecast was between 5.74 Total home sales for new and existing homes should be at 6.2

Sales 399

Millennials are Determined and Prices are Soaring: The Step-by-Step Formula for Closing More Sales to Millennial Buyers Fast!

Speaker: Paul Moya - CEO, Millennial Labs, and The Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World

Join Paul Moya, CEO of Millennial Labs and the Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World, as he shares insights and information about the importance of understanding a buyer and how their needs change with each generation.

Pending home sales down again in September

Housing Wire

After rising 8% in August, pending home sales dropped 2.3% in September, according to the National Association of Realtor’s pending home sales index report released on Thursday. Top markets for affordable renovated housing inventory.

Sales 364

New home sales juggernaut continues

Housing Wire

Sales of new homes rose to an annualized rate of 999,000 in October – 0.3% With October’s data in, new home sales have had the strongest three-month stretch since mid-2006, with each month falling just short of 1 million. months at the current sales rate.

Sales 419

Existing home sales data continues to outperform

Housing Wire

The National Association of Realtors reported that existing home sales for November came in hot at 6.46 This number is above my sales trend peak of 6.2 million, which means we have now had three straight months of sales of over 6.2 Home sales.

Sales 409

Days on market grow despite low inventory for existing homes

Housing Wire

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. NAR Research : Total existing-home sales decreased 5.9%

Did existing home sales peak in 2021?

Housing Wire

The National Association of Realtors reported that existing home sales for December came in as a miss of estimates at 6.18 This number is in line with my sales range for 2021 of 5.84 million, but a tad higher than my existing home sales range for 2022, which is between 5.74

Sales 393

Pending home sales are down 37% from last year

Housing Wire

Pending home sales continued to fall in October, recording a 4.6% Pending home sales have now fallen in 11 of the last 12 months. range, leading experts believe this may result in a slower pace of year-over-year pending home sales declines in coming months.

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Low inventory stifles April’s pending home sales

Housing Wire

Like new and existing sales, pending home sales felt the strain of exhausted home inventory in April ? Against a pandemic landscape from last April, however, pending home sales signings are 51.7% The upper-end market is still moving sharply as inventory is more plentiful there.”.

Sales 377

Existing home sales data shows extent of housing inflation

Housing Wire

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. NAR Research : “Year-over-year, sales faded by 19.9% (5.99

Sales 386

Home sale prices reach record highs — again

Housing Wire

The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year.

Sales 386

New home sales report is deja vu all over again

Housing Wire

Today the Census Bureau ‘ s new home sales report came in as a missed estimate at 744,000. This is in contrast to the existing home sales market, which I would say is outperforming. The new home sales marketplace has had a noticeable increase and has stayed higher.

Sales 393