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Residential real estate activity picks up despite low inventory

Housing Wire

Boston – Contacts around the District attribute the still-low sales numbers to low inventories more than to weak demand, as slightly lower mortgage rates have helped bring more buyers to the market. Existing home sales have fallen moderately in this district, and prices have continued to rise as the market heats up again.

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Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes

Housing Wire

The outlook for future economic growth remained generally positive as economists, market experts and business organization leaders interviewed for the report noted expectations for stronger demand and less restrictive financial conditions over the next six to 12 months.

Mortgages 448
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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. However, housing affordability worsened.

Marketing 448
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New home sales rebound, but builders are still wary

Housing Wire

However, with that said, it’s still just an OK housing market for me based on how I view the new home sales market. months and below, this is an excellent market for the builders. months, this is an OK market for the builders. months and above, the builders will pull back on construction. When supply is 4.4

Sales 476
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Buyers are being picky — here’s how you can navigate it as a real estate agent

Housing Wire

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Agents 476
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The 2021 housing market recap by Logan Mohtashami

Housing Wire

Now that we are just a few days away from 2022, it’s time to take a look at the positive and the negative housing stories of 2021. Housing permits are growing and this is a good thing for the economy and construction jobs. We do have some very positive stories about the housing market in 2021, but not all is perfect, of course.

Marketing 534
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The nation’s housing market is on a correction course

Housing Wire

Several leading housing-market economists also are projecting the deceleration in home prices will continue in near the future as homebuyer demand ebbs — with one economist even predicting that prices will decline in some particularly hot markets across the nation. The market is going to go into correction,” he said. “I

Marketing 418