Housing Wire

AUGUST 22, 2024

How did existing home sales grow with all the recent negative press about demand? First, we have to put context into the bounce: we are working from the lowest levels ever in home sales, so any small, minor move in purchase application data can bounce sales from here. Year-over-year, sales fell 2.5% (down from 4.05

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Housing Wire

JANUARY 13, 2025

Unlike a lot of forecasters in the mortgage world, a few months ago our projection included the notion that with strong jobs data and some inflation fears, the bond market could indeed push mortgage rates over 7%. Those scenarios are possible, and its going to be fascinating to see how the bond markets react to new administration policies.

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Housing Wire

DECEMBER 19, 2024

The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 The jump in sales gives the market momentum heading into 2025, which is expected to outperform 2024. The growth also bucks the historic trend of sales dropping between October and November.

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Housing Wire

DECEMBER 30, 2024

A report released Monday by the National Association of Realtors (NAR) showed an increase in pending home sales for the fourth consecutive month. NAR’s Pending Homes Sales Index (PHSI) report is a forward-looking source that predicts home sales based on contract signings. The report found that pending home sales jumped 2.2%

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Housing Wire

NOVEMBER 18, 2024

What will the housing market look like in 2025? For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more. Last week, there were 9% more newly pending home sales than the same week a year ago and home sales are ticking down for the season.

Marketing 448

Marketing Sales Mortgages As-is 448

Housing Wire

NOVEMBER 26, 2024

After a year of strong results, sales of newly built homes took a major step back last month. Department of Housing and Urban Development (HUD) shows new-home sales in October clocking in at a seasonally adjusted annual rate of 610,000 — a 17.3% The median sale price of a new home hit $437,300, a 4.7% Census Bureau and the U.S.

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Sales MLS Mortgages Development 448

Housing Wire

JANUARY 20, 2025

We counted 10% fewer home sales for the week than the same week a year ago. In the fourth quarter of 2024, sales were coming in at 5% to 10% more than the year prior. Those sales gains have evaporated and even reversed. This housing market is on hold until mortgage rates come down. There are 177,000 condos on the market.

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Housing Wire

AUGUST 23, 2024

The new home sales report had such a big beat today that many people had to double-check the numbers — and I get it. The estimates were for 623,000 but the sales came in at 739,000. This isn’t my first rodeo with new home sales data and I believe these numbers will be revised lower, but a beat is a beat.

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Housing Wire

OCTOBER 23, 2024

Existing-home sales continued their downward trend in September. from July to August , sales again trended down last month, dropping 1% to a seasonally adjusted annual rate of 3.84 million, according to data released Wednesday by the National Association of Realtors (NAR) On a year-over-year basis, existing-home sales were down 3.5%

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Sales Investor Development Mortgages 463

Housing Wire

OCTOBER 30, 2024

Lower mortgage rates in September had a measurable impact on home sales. According to data released Wednesday by the National Association of Realtors (NAR), pending home sales in September jumped 7.4% An index reading of 100 equates to sales activity in 2001. “A compared to August and 2.6% year over year. In the U.S.

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Sales Mortgages As-is Finance 476

Housing Wire

NOVEMBER 4, 2024

The hardest position to take in analyzing the housing market is one that is contrarian and bullish. When everyone knows that the housing market is sluggish and weak, but the data shows surprising strength. Home sales are significantly better than they were last year at this time. more homes on the market than last year.

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Sales Staging Mortgages Closing 395

Housing Wire

JANUARY 24, 2025

Existing home sales finished 2024 on a high note after a dismal year for the housing market. The December report from the National Association of Realtors (NAR) shows existing-home sales at a seasonally adjusted annual rate of 4.24 Sales in 2024 finished at just 4.06 Available existing homes for sale fell to 1.15

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Sales New Construction MLS Construction 360

Housing Wire

DECEMBER 21, 2024

Federal Reserve Chairman Jerome Powell played the Grinch last week for the housing market, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures.

Marketing 504

Marketing Mortgages Sales As-is 504

Housing Wire

NOVEMBER 26, 2024

Did today’s new home sales report really show an epic crash in sales? New home sales reports can be quite volatile from month to month. In this case, several factors contributed to the substantial decline in new home sales. In this case, several factors contributed to the substantial decline in new home sales.

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Housing Wire

OCTOBER 24, 2024

With new-home sales growing since 2022, why are housing starts at recessionary levels? I recently raised this concern about housing construction and new home sales in an interview on CNBC. However, let’s examine today’s new-home sales report to see what we can learn and why I am concerned about housing starts.

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Sales Construction Mortgages Residential 488

Housing Wire

DECEMBER 16, 2024

As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Almost every market in the country has more homes available now than at the end of 2023. A few states have more homes on the market now than any time in the last eight to 10 years.

Marketing 418

Marketing Sales As-is Closing 418

Housing Wire

DECEMBER 19, 2024

Some people might have been surprised by existing home sales growth for the last two months, but they would have known what was happening if they followed our weekly Housing Market Tracker data. On a year-over-year basis, the NAR median sales price index has been growing higher for three months in row. million in November.

Sales 492

Sales Mortgages Design As-is 492

Housing Wire

OCTOBER 7, 2024

Home sales and home prices have been improving for several weeks. Ironically, a strong employment situation in the country drives the bond market to higher rates. The purchase market is slower to respond, and the data now is still showing the positive impact of lower rates of recent weeks. Last year’s home sales were low.

Mortgages 476

Mortgages Marketing Sales As-is 476

Housing Wire

DECEMBER 9, 2024

Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Does the housing market start to get back to normal? The number of unsold homes on the market is finally getting closer to 2019 levels. We know sales are inching up, too. Two and a half years.

Marketing 418

Marketing Sales As-is Mortgages 418

Housing Wire

DECEMBER 28, 2024

The most positive development in the housing market over 2024 has been the increase in active housing inventory , which is approaching the levels seen in 2019. Although those 2019 levels represent a five-decade low before COVID-19, the market was still functioning better than it did from 2020 to 2023. Weekly inventory change (Dec.

Marketing 514

Marketing Mortgages Sales Finance 514

Housing Wire

DECEMBER 20, 2024

Home sales in 2024 have been well below historic norms. Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. Price growth is slowing down so there’s less flippers in the market. But even investors have purchased fewer homes this year.

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Housing Wire

DECEMBER 10, 2024

The housing market got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. The turbulence in rates has trickled down to individual markets like Cincinnati, where real estate agents say they dont know what to expect from sale to sale. That has really boosted up a lot of our sales.

Marketing 370

Marketing Land Sales Mortgages 370

Housing Wire

SEPTEMBER 5, 2024

Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market.

Mortgages 493

Mortgages Marketing Construction Sales 493

Housing Wire

OCTOBER 11, 2024

The real estate data analysis firm noted that the index “has been slightly increasing to flat over the last year, which is expected given the minimal changes affecting the factors that typically drive changing risk in mortgage market.” Purchase loans (0.9%) had higher levels of risk than refinances (0.58%). in 2024 and 1.9%

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Mortgages Sales Loans Lending 516

Housing Wire

DECEMBER 16, 2024

Dramatic mortgage rate movements are destined to play a major role in the coming year, according to Zillow ‘s newest forecast , which also calls for declining mortgage rates to be a catalyst for home-sales growth and home-price appreciation in 2025. million sales a number that Zillow expects to rise slightly to 4.16

Marketing 370

Marketing Sales Mortgages As-is 370

Housing Wire

NOVEMBER 4, 2024

As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. This marked the lowest market share for new homes in three years. market share, while first-quarter 2022 saw a record high of 34.4%. The sales pace was down 3.5%

As-is 370

As-is Marketing Construction New Construction 370

Housing Wire

DECEMBER 17, 2024

Its hard to imagine something more disruptive to a housing market than a hurricane. 9, housing markets in the Tampa area came to a complete halt as sellers took their homes off the market. 9, housing markets in the Tampa area came to a complete halt as sellers took their homes off the market.

Marketing 397

Marketing Sales Agents As-is 397

Housing Wire

AUGUST 26, 2024

Move Sales , OpCity Acquisitions , OpCity Inc. The latest complaint, which is seeking class-action status, was filed on Friday by eight real estate agents in Los Angeles County Superior Court. The suit claims that NAR, along with Move Inc., and REA Group Ltd.

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Purchase and sale agreement Sales Agents Design 514

Housing Wire

OCTOBER 22, 2024

For-sale inventory of single-family homes is up 33% from a year ago. New pending sales are also on the rise, with the 60,000 homes going under contract last week representing a 9% increase from the same week last year and an 11% increase from the same week in 2022. 18 to 6.15% on Tuesday. With mortgage rates back above 6.5%

Mortgages 468

Mortgages Marketing Construction Sales 468

Housing Wire

NOVEMBER 12, 2024

Home Depot raised its fiscal outlook after strong third-quarter 2024 sales, driven by demand for seasonal goods and hurricane preparation in the Southeast. retailer by market capitalization reported $40.2 billion in sales for the quarter ending Oct. Comparable sales declined 1.3% Revenue was up 6.6% drop in the U.S. —

Marketing 435

Marketing Sales 435

Housing Wire

SEPTEMBER 12, 2024

For one, it’s easier to qualify for more of the homes on the market now that mortgage rates are a bit lower. Attractive properties in hot markets are still selling quickly, but some metros — or neighborhoods within them — have flipped further in favor of buyers.“ Redfin reported last week that pending sales fell 8.4%

Marketing 482

Marketing Mortgages Loans Sales 482

Housing Wire

SEPTEMBER 6, 2024

In 2022, I argued that the Federal Reserve won’t pivot until the labor market breaks. This means that the Fed will need to create such a slowdown in the labor market that nobody will question their action when they pivot. In the last three months, things have cooled down in the labor market.

Marketing 514

Marketing Construction Residential Mortgages 514

Housing Wire

JANUARY 9, 2025

Despite the frequency of departures, real estate agents in the state say the housing market remains strong. On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. Statewide, the housing market has a 90-day average Altos Market Action Index score of 44.18 as of Jan.

Marketing 418

Marketing Agents As-is Mortgages 418