Housing Wire
JANUARY 20, 2023
However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market. Days on market growing One of the reasons I called the housing market savagely unhealthy in 2022 was that houses flew off the shelves once they were listed.
Housing Wire
AUGUST 8, 2024
That gets rolled into their debt-to-income ratio, which means they look like a riskier buyer, which means their mortgage loan gets priced higher, which means they have an additional disadvantage because the cost of lending goes up for them. So, this is a further challenge for them to even enter the housing market.”
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Housing Wire
MARCH 6, 2024
Contacts cited modest declines in mortgage rates since last fall as a likely reason for buyers’ increased willingness to enter the market. Although inventory levels remained low, listings increased by modest to significant margins around the First District in recent months, lending increased optimism for sales moving forward.
Housing Wire
DECEMBER 28, 2022
First, mortgage lending standards have remained high after the last bubble. Next year we are going to see inventory continue to accumulate as months-supply-of-inventory returns to levels in line with a balanced market (5-6 months) or possibly even buyers-market (6+months). There will be two key differences between 2023 and 2010.
Housing Wire
OCTOBER 1, 2022
The median days on market is just 16 days — a slight increase from the record low seen in the last two months of 14 days. In comparison, in 2011, homes took 96 days to sell. . Another reason why distressed sales are likely low, is that lending standards remain tight.
Housing Wire
AUGUST 30, 2022
Nor can we ever have a credit sales boom again with lending standards back to normal. From Realtor.com : Even with demand weakness in recent months, days on market are still low. From the NAR : In the last existing home sales report, you can see the year-over-year decline on the days on market data. From Redfin.
Housing Wire
OCTOBER 20, 2023
To demonstrate this, share regular updates with posts that include stats, such as the average sale prices in your city or in desirable neighborhoods, the number of active listings, the average days on market, and more. Sharing your success lends to your credibility as an agent. These should be posted in addition to testimonials.
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