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Existing home sales now outperforming

Housing Wire

This means with only two more reports left so far in 2021 every single existing home sales print has been higher than the total closing level of 5.64 Then when you add move-up, move-down, cash, and investor buyers together, we should be able to always have total home sales — both new and existing — at 6.2 million in 2020.

Sales 539
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Housing market hinges on mortgage rates and supply, not commission structures

Housing Wire

“The other thing we are looking at is that the people who would really benefit from lower transaction costs are those who buy and sell homes at scale, which are the big investors. 17 , Simonsen has a few different markers he will be watching, including list-to-sale price ratio, days on market and the number of deals that fall through.

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Is the savagely unhealthy housing market back?

Housing Wire

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. However, we aren’t close to breaking that level on jobless claims.

Marketing 539
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The savagely unhealthy housing market is back

Housing Wire

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. million in May.

Marketing 526
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COVID couldn’t stop the U.S. housing market in 2020

Housing Wire

This also closed the books on 2020’s housing market as we finished out the year at 5,640,000 total existing-home sales — a 5.6% Compared to the previous year, days on market fell dramatically from 41 days to 21 days. increase from the same month in 2019. Mortgage demand picked up in 2020.

Marketing 545
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Single-family rental market shows little sign of cooling 

Housing Wire

Average monthly SFR listings for the first half of 2022 came in at 43,891, up nearly 58% year over year, while closed monthly listings over the period averaged 5,788, up nearly 11%. There’s an imbalance between supply and demand, so landlords, including institutional investors , they still have the power to determine the prices right now.”.

Marketing 397
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Existing home sales data continues to outperform

Housing Wire

million , so every single existing home sales print in 2021 has been higher than what we closed in 2020 — which was higher than any single year from 2008 to 2019. Then everyone went crazy on investors and iBuyers , suggesting that these people were holding up the entire housing market. Home prices and days on market.

Sales 516