Housing Wire

JULY 26, 2023

Despite yet another increase in homebuilder sentiment , the sales pace of new homes declined month over month in June, according to data published on Wednesday by the U.S. In June, the sales pace of new homes fell 2.5% On a year-over-year basis, however, new home sales were up 23.8%. from a month prior, but down 3.6%

Sales 353

Sales Marketing New Construction MLS 353

Housing Wire

MAY 2, 2023

The housing market functions differently than other markets because it can be characterized as a heterogeneous, thinly traded, illiquid market. In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. The result is fewer sales.

Mortgages 385

Mortgages Sales Marketing Equity 385

Housing Wire

SEPTEMBER 19, 2023

Home sales each week continue to be at depressed levels. We counted only 59,000 new pending sales this week. This is alarming because this was the moment last year when the market turned south. This “higher for longer” conventional wisdom is working its way through the housing market. and imagining 5.5% That’s a 1.9%

Mortgages 427

Mortgages Marketing Sales Residential 427

Housing Wire

SEPTEMBER 26, 2023

After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S. In August, the sales pace of new homes fell 8.7% On a year-over-year basis, new home sales were up 5.8%. On a year-over-year basis, new home sales were up 5.8%.

Sales 446

Sales Mortgages As-is MLS 446

Housing Wire

JUNE 22, 2023

The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Nothing good happens in the housing market when the days on market are at a teenager level or lower. What do I mean by savagely unhealthy?

Marketing 522

Marketing Mortgages Days on market Sales 522

Housing Wire

MAY 23, 2023

In a country with more than 330 million people, there are only 70,000 new homes available for sale today in the U.S. housing market. And with total active house listings in America near all-time lows, that is all we have for completed units for sale. Why have the homebuilders’ stocks done so well recently? percent (±11.8

Sales 523

Sales Mortgages Construction Marketing 523

Housing Wire

SEPTEMBER 7, 2023

Most years, available inventory of unsold homes on the market peaks in August. Last year, the change in mortgage rates was rapid enough to drive home sales prices down. There’s no getting around the fact that sales are slow , demand is held back because the cost of money is so much higher than it has been recently.

Sales 441

Sales Mortgages Agents Marketing 441

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. This is why the days on the market are so low historically after 2020. million, up from 1.03

Marketing 537

Marketing Mortgages Sales Days on market 537

Housing Wire

MAY 21, 2021

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

Sales 541

Sales Mortgages Marketing 541

Housing Wire

AUGUST 23, 2023

Builders are taking advantage of the housing market inventory issues , which is why new home sales are growing yearly, even with higher mortgage rates. As we can see in the chart below, new home sales are growing, even with the negative revisions we have seen in the report. Currently, we have 75,000 new homes ready for sale.

Mortgages 369

Mortgages Sales Construction Marketing 369

Housing Wire

JULY 20, 2023

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). Sales were also down significantly from a year prior. Total existing home sales slipped 3.3% Year-over-year, sales dropped 18.9%

Sales 308

Sales Mortgages MLS Construction 308

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. They were withdrawing volatility from the market, and they were lowering rates to benefit consumers.

FHA loan 435

FHA loan Mortgages Marketing Loans 435

Housing Wire

APRIL 25, 2023

Don’t they know the new home sales apocalypse is here? In their haste, they miss the bigger picture of the housing market. In reality, housing economic modeling takes a lot of work, and some people instead choose marketing gimmicks to make a name for themselves. months at the current sales rate. percent (±15.2

Sales 489

Sales Mortgages Construction Marketing 489

Housing Wire

JUNE 22, 2021

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. At the time, I said: “The rule of thumb I am using for 2021 is that existing home sales, if they’re doing good, should be trending between 5,840,000- 6,200,000.

Sales 457

Sales Marketing As-is 457

Housing Wire

JULY 29, 2021

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% Pending home sales in the South fell 3.0% on the index in June, an 8.7%

Sales 451

Sales Mortgages Marketing Industrial 451

Housing Wire

JUNE 27, 2023

New home sales in May rose 12.2% Sales of new single‐family houses came in at a seasonally adjusted annual rate of 763,000, according to estimates released jointly Tuesday by the U.S. Strong new home sales have gotten the new construction industry back on track to deliver much-needed inventory for this undersupplied market.

Sales 366

Sales New Construction Construction Residential 366

Housing Wire

JULY 19, 2023

Existing home sales have declined approximately 30% since mortgage rates started rising in the fall of 2021, according to First American ’s Potential Home Sales Model for June 2023. First American’s model measures what a healthy market level of home sales should be, based on economic, demographic and housing market fundamentals.

Sales 340

Sales Mortgages Marketing As-is 340

Housing Wire

SEPTEMBER 12, 2023

housing market now. That’s frankly surprising given how cold the housing market froze last fall. We have significantly fewer home sales happening. We have significantly fewer home sales happening. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers.

Sales 401

Sales Mortgages Marketing New Construction 401

Housing Wire

MARCH 21, 2023

Existing home sales had a huge beat of estimates on Tuesday. To understand why we had such a beat in sales, you only need to go back to Nov. The weekly growth in purchase application data during those months stabilized housing sales to a historically low level. We understood why sales collapsed during COVID-19.

Mortgages 503

Mortgages Sales Bankruptcy Marketing 503

Housing Wire

AUGUST 22, 2023

The housing market continues to cool amid high mortgage rates , low inventory and rising property insurance rates. Despite a sharp drop in home sales compared to the year-earlier period, the median existing-home sales price rose 1.9% It was the fourth time the monthly median sales price exceeded $400,000, according to the NAR.

Sales 321

Sales MLS Mortgages Marketing 321

Housing Wire

JULY 20, 2023

The savagely unhealthy housing market continues as existing home sales are near record lows, and the days on the market are still at a teenager level, with home prices rising in 2023. Ladies and gentlemen, this was the fear and now the reality of the savagely unhealthy housing market. million in June. million in June.

Marketing 352

Marketing Mortgages Sales Days on market 352

Housing Wire

SEPTEMBER 15, 2023

A mortgage industry veteran with over three decades of experience, Saso was previously a divisional sales manager at Nations Lending. In his role as chief production officer, Saso will be responsible for overseeing sales on a national level.

Mortgages 403

Mortgages Sales Residential Lending 403

Housing Wire

SEPTEMBER 26, 2023

Mortgage Machine Services , a digital origination technology provider, has appointed Dan McGrew as director of sales. In this role, McGrew will shoulder the responsibility of marketing the company’s digital products, including the flagship loan origination system (LOS) Mortgage Machine. based boutique SAP consulting firm.

Mortgages 293

Mortgages Sales Loans Lending 293

Housing Wire

MAY 18, 2023

Existing home sales declined yet again in April, according to a report from the National Association of Realtors (NAR), released Thursday. monthly increase in February , existing home sales were back down again in March , a trend that continued into April, with existing home sales posting a 3.4% After posting a surprise 14.5%

Sales 398

Sales Mortgages Marketing As-is 398

Housing Wire

AUGUST 23, 2023

After a slump in June, the sales pace of new homes picked up month over month in July, according to data published on Wednesday by the U.S. In July, the sales pace of new homes climbed 4.4% On a year-over-year basis, new home sales were up 31.5%. On a year-over-year basis, new home sales were up 31.5%. It was up 4.8%

Sales 343

Sales Mortgages MLS Finance 343

Housing Wire

JULY 26, 2023

But the new home sales report begs to differ. We only have 72,000 new homes completed for sale in a country of 335 million people, and active inventory is near all-time lows. The new home sales market isn’t the best avenue for completed units available for sale and it hasn’t been that way for a long time.

Sales 337

Sales Construction Marketing As-is 337

Housing Wire

JUNE 18, 2023

This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. As you can see in the chart below, the collapse of the purchase application data has stalled out, and if this didn’t happen, we would be having a different conversation about the housing market today. million this year.

Mortgages 487

Mortgages Marketing Sales Banks 487

Housing Wire

JANUARY 3, 2023

Pending home sales fell for the sixth consecutive month in November, recording a 4.0% Falling home sales and construction have hurt broader economic activity.”. Year over year, the Pending Home Sales Index was down 37.8%, marking the 18 th consecutive month of annual declines.

Sales 503

Sales Mortgages Construction Marketing 503

Housing Wire

JANUARY 20, 2023

And existing home sales crashed in 2022 from a peak of around 6.5 housing market , we just experienced an event that most people never thought could happen. However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.” The days on market were too low.

Sales 541

Sales Mortgages Days on market Marketing 541

Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! I have never believed in this concept because of how the housing market credit channels work.

Sales 525

Sales Mortgages Marketing Residential 525

Housing Wire

APRIL 25, 2023

New home sales posted yet another increase in March, rising 9.6% This is the fourth straight month of new home sales increases. On a year-over -year basis, however, new home sales are still down 3.4%. On a year-over -year basis, however, new home sales are still down 3.4%. months of supply at the current sales pace.

Sales 417

Sales Construction New Construction Mortgages 417

Housing Wire

JUNE 22, 2023

Existing home sales marginally increased in May , but were still down significantly from a year prior, according to the latest report from the National Association of Realtors (NAR). Total existing home sales rose 0.2% Year-over-year, sales dropped 20.4% Year-over-year, sales dropped 20.4% Sales in the South rose 1.5%

Sales 362

Sales Mortgages MLS Construction 362

Housing Wire

DECEMBER 9, 2020

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. appeared first on HousingWire.

Sales 475

Sales Marketing As-is 475