3 Graphs To Show This Isn’t a Housing Bubble
Keeping Current Matters
AUGUST 2, 2022
With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble.
Keeping Current Matters
AUGUST 2, 2022
With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble.
Keeping Current Matters
AUGUST 30, 2022
One of the biggest questions people are asking right now is: what’s happening with home prices?
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Eye on Housing
AUGUST 11, 2022
Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 42.8% of new and existing homes sold between the beginning of April and end.
BubbleInfo
AUGUST 31, 2022
Yesterday’s Case-Shiller Index for San Diego was 425.26, which is 11% higher than it was in January. But check how the trend increased between January and now. Prices rose as fast as ever in early 2021 (yellow above). If they would have mellowed out along my red line, then we would have experienced slightly-increasing prices […].
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Real Trends
AUGUST 12, 2022
As homebuyer demand slows, potential sellers are becoming more hesitant about listing their homes. During the four-week period ending on August 7, the number of new listings fell 12% year over year, according to a report published by Redfin on Thursday. This is the steepest decline in new listings since June 2020. Observers attribute the decline in new listings to sellers’ awareness of diminishing housing demand, as well as their trepidation of obtaining a new mortgage in this rising mortgage ra
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Eye on Housing
AUGUST 10, 2022
Consumer prices eased slightly from a 40-year high in July as declines in energy prices offset increases in food and shelter indexes. Despite this improvement, inflation remains above an 8% rate for a fifth straight month. The food index recorded its largest annual gain since May 1979 as all six major grocery store food group indexes increased. Nonetheless, it is.
Keeping Current Matters
AUGUST 23, 2022
If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months.
Maximum Exposure Real Estate
AUGUST 22, 2022
What is a Home Inspector? Are you looking to find an outstanding home inspector? Choosing a home inspector is part of the home buying process, a decision that can significantly impact your satisfaction with your future home. A home inspector is a professional engaged in performing the service of assessing a property’s condition. It can […].
Housing Wire
AUGUST 5, 2022
What a crazy day for my economic model! On the same day, the Bureau of Labor Statistics (BLS) revealed that we’ve recovered all the jobs lost to COVID-19 and I am raising my sixth recession red flag. When I wrote the America is back recovery model on April 7, 2020, and then retired it on Dec. 9, 2020, I knew one data line would lag the most: jobs!
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
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Real Trends
AUGUST 2, 2022
Despite rising home prices , rents and mortgage rates , nationwide, the homeownership rate was up and the rental vacancy rate was down during the second quarter of 2022 compared to a year prior, according to data released Tuesday by the U.S. Census Bureau. During the second quarter, the homeownership rate rose to 65.8% from 65.4% a year prior, which the reports notes is not a statistically significant difference.
HomeLight
AUGUST 11, 2022
DISCLAIMER: This blog post is meant to be used for educational purposes only, not legal advice. If you need assistance navigating the legalities of selling a home without the signature of all the owners, HomeLight encourages you to reach out to your own advisor. Selling a home is a big decision that can significantly impact everyone involved. Because home ownership is complex, the process of selling a home requires multiple steps and signatures to make sure that the ownership is conveyed from se
Eye on Housing
AUGUST 15, 2022
Builder confidence fell for the eighth straight month in August as elevated interest rates, ongoing supply chain problems and high home prices continue to exacerbate housing affordability challenges. In another sign that a declining housing market has failed to bottom out, builder confidence in the market for newly built single-family homes fell six points in August to 49, marking the.
Keeping Current Matters
AUGUST 25, 2022
If you’re thinking about buying a home, you likely have a lot of factors on your mind.
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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.
Maximum Exposure Real Estate
AUGUST 22, 2022
What Does a Real Estate Agent Do All Day Anyway? Lots of people wonder what a real estate agent does on a daily basis. In the real estate business, a real estate agent’s day can be constantly different. Do they sit around all day waiting for the phone to ring? Do they really do anything […]. The post What Does a Real Estate Agent Do For Buyers and Sellers appeared first on Maximum Real Estate Exposure.
Housing Wire
AUGUST 16, 2022
Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. Housing completion data is still struggling to get some traction, but in the coming months, builders should be able to get more housing completions done while housing permits and starts for single-family homes are in decline.
Marco Santarelli
AUGUST 6, 2022
Here's what some of the experts predict will happen in the housing market in the next five years. According to Zillow, the current typical value of homes in the United States is $354,165. This value is seasonally adjusted and only includes the middle price tier of homes. In June 2021, the typical value of homes was $295,000. Home values have gone up 19.8% over the past year.
HomeLight
AUGUST 16, 2022
With mortgage interest rates in flux and trending upward after nearly two years of rock-bottom percentages, prospective homebuyers across the country are wondering when mortgage rates will go down again. While no one can predict these kinds of things with absolute certainty, understanding how mortgage rates work — including the factors that drive these numbers in the first place — can lend valuable context clues.
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Eye on Housing
AUGUST 19, 2022
An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. During the housing boom of recent quarters, this led to a rise for new single-family home size. However, as the housing market weakens this trend appears to be reversing. According to second quarter 2022 data from the.
Keeping Current Matters
AUGUST 5, 2022
Some Highlights. The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022. Home prices are forecast to rise more moderately than last year. Mortgage rates will respond to inflation, and home sales will be more in line with pre-pandemic years. Connect with a local real estate professional so you can make your best move this year.
Maximum Exposure Real Estate
AUGUST 7, 2022
What is an Estate Sale? Are you a potential estate seller? The words “estate sale” can mean different things to different people. There are indeed multiple ways to interpret the definition of an estate sale. For example, most people who are not real estate agents think of an estate sale as an auction where furniture […]. The post Best Tips For Estate Sellers appeared first on Maximum Real Estate Exposure.
Housing Wire
AUGUST 10, 2022
One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. What does this mean? Some have said this is evidence of a soft landing for housing since we are in August and it doesn’t look like we are going to even get to the peak inventory levels we saw in 2019 this year, or even breach the lower levels of 2019 on the national data.
Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty
Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.
Brownstoner
AUGUST 1, 2022
It is months away, but perhaps thinking about an illuminated cold-season walk through the crisp air at Brooklyn Botanic Garden will get you through the rest of the summer heat. The glimmering spectacle, which debuted in 2021, will light up the garden from November 16 through January 8, 2023, with some… Read More > The post Anticipating Cold Weather, Ticket Sales Launch for Return of Lightscape to Brooklyn Botanic Garden appeared first on Brownstoner.
GeekEstate Agents & Brokers
AUGUST 18, 2022
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Dwellsy] With rent prices getting higher than most tenants can keep up and an application process for good units that feels more like applying for a job than a place to live, renting these days is tough. Before even having to afford, apply, get approved for, and move into a new place tenants need to find it, preferably without pay-to-play search results.
Eye on Housing
AUGUST 15, 2022
The prices of building materials rose 0.4% in July (not seasonally adjusted) even as softwood lumber prices increased 2.3%, according to the latest Producer Price Index (PPI) report. Prices have surged 35.7% since January 2020, although 80% of the increase has occurred since January 2021. The PPI for goods inputs to residential construction, including energy, decreased 1.2% as the prices of.
Keeping Current Matters
AUGUST 9, 2022
There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years.
Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.
In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.
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