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Housing Wire
NOVEMBER 23, 2022
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.
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.
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Housing Wire
NOVEMBER 23, 2022
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.
Housing Wire
OCTOBER 28, 2022
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%
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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%
Housing Wire
OCTOBER 31, 2022
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
Housing Wire
JULY 20, 2022
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%
Housing Wire
NOVEMBER 22, 2021
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%
Housing Wire
MAY 24, 2022
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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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.
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. We ended 2020 with 5,640,000 existing home sales which was only roughly 130,000 more than 2017 levels.”
Housing Wire
SEPTEMBER 28, 2022
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.
Housing Wire
JUNE 24, 2022
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
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Housing Wire
SEPTEMBER 29, 2021
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.
Housing Wire
AUGUST 18, 2022
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.
Eyes on Housing
NOVEMBER 23, 2022
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.
Housing Wire
NOVEMBER 30, 2022
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
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Housing Wire
OCTOBER 26, 2022
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.
Housing Wire
AUGUST 23, 2022
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.
Housing Wire
SEPTEMBER 29, 2022
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%
Housing Wire
FEBRUARY 18, 2022
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
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Housing Wire
OCTOBER 28, 2021
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.
Housing Wire
NOVEMBER 25, 2020
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.
Housing Wire
DECEMBER 22, 2021
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.
Housing Wire
NOVEMBER 18, 2022
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%
Housing Wire
JANUARY 20, 2022
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
Housing Wire
NOVEMBER 30, 2022
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.
Housing Wire
MAY 27, 2021
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.”.
Housing Wire
SEPTEMBER 22, 2022
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
Housing Wire
APRIL 26, 2021
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.
Housing Wire
DECEMBER 23, 2021
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.
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