Posts filtered by tags: Housing Market[x]


Annual Home Price Growth Strong but Moderation Forecast for 2022

U.S. annual home price growth for October 2021 remained strong at 18% in October— the highest recorded in the 45-year history of CoreLogic’s Home Price Index (HPI). However, monthly price growth has slowed from its April peak, signaling a continued slowdown in the coming months. The findings: U.S. home prices increased 18% in October YoY. Month-over-month, they increased by 1.3%. Appreciation of detached properties (19.5%) was 6.6 percentage points higher than attached properties (12.9%). CoreL...
Tags: Utah, Florida, Real Estate, News, Housing Market, Radio, Idaho, Arizona, Teams, National, Agents, Affordability, Naples, Latest News, Industry News, Real Estate News

Salt Lake City Projected to be 2022 Top Housing Market

The nation’s top housing markets are driven by strong local economies, tech sector job growth and affordability, according to realtor.com®’s latest forecast. The Top Housing Markets of 2022 were primarily located in the Mountain West, Midwest and New England. They will likely experience the strongest combined growth in home sales and listing prices among the 100 largest U.S. metros, said the company. Across these 10 markets, home sales are expected to grow by 11.6% year-over-year in 2022—almost ...
Tags: Jobs, News, Housing Market, Economy, Radio, Luxury, Teams, National, Salt Lake City, Columbus, Agents, Worcester, Affordability, New England, Latest News, Industry News

Economic Pessimism Reaches Decade High, Buyers Realize Lack of Leverage

Sellers and buyers are at odds in today’s market as homeowners retain the edge and buyers continue to battle it out for their purchases—a trend that may be waning, however, according to recent reports. The Fannie Mae Home Purchase Sentiment Index® (HPSI) decreased 0.8 points to 74.7 in November, reporting the greatest economic pessimism in 10 years. Four of the index’s six components decreased month-over-month. In November, 74% of respondents said it was a good time to sell a home, compared to t...
Tags: Real Estate, News, Homeownership, Selling, Housing Market, Economy, Radio, National, Mortgage, Latest News, Industry News, Homebuying, Fannie Mae, Real Estate News, Fannie Mae Home, HPSI

Registration Open for Brian Buffini’s Annual ‘Bold Predictions 2022 Real Estate Market Outlook’

Brian Buffini, founder and chairman of Buffini & Company, will continue to navigate what the future holds for real estate, and what agents need to do to succeed, in his annual “Bold Predictions” market outlook, on Mon., Dec. 13, 2021 at 1 p.m. (ET)/10 a.m. (PT). The online broadcast, “Brian Buffini’s Bold Predictions: 2022 Real Estate Market Outlook,” will also include an interview with Dr. Lawrence Yun, chief economist and senior vice president of research at the National Association of REALTOR...
Tags: News, Housing Market, Radio, National, Forecast, Agents, Coaching, Latest News, Industry News, NAR, National Association of Realtors, Lawrence Yun, Brokers, Brian Buffini, Buffini & Company, Buffini

Construction Making Headway but Builders Have to Play Catch-Up

The inventory shortage has been a prominent issue in housing for years, but how much work do builders have ahead of them in order to keep up with sky-high demand? A new Zillow report shows builders still have to fill a 1.35 million new-home construction shortfall caused by a decade of underbuilding. Key findings: Zillow estimates that, since 2008, there has been a shortfall of 1.35 million homes in just the 35 largest U.S. metros, with growth stunted due to slowing population growth. More homes...
Tags: Real Estate, News, Housing Market, Radio, Miami, National, Construction, Seattle, Zillow, Latest News, Industry News, Phoenix, Builders, Inventory, Real Estate News, Jeff Tucker

Luxury Homeownership: Sustainability a Key Buying Factor, COVID Continues Impacting Trends

Demand for luxury home purchases has not dwindled even as the pandemic’s volatile nature continues to pose challenges in real estate. According to a 2022 State of Luxury Real Estate (SOLRE) report, authored by Luxury Portfolio International® (PLI), home prices in the segment are expected to continue increasing as supply struggles to meet high demand. While most luxury buyers (74%) are still reporting strong personal economic confidence, 75% say they are very concerned their discretionary spendin...
Tags: Europe, Feature, Real Estate, News, Marketing, Selling, Housing Market, Radio, Luxury, Middle East, Teams, National, North America, Agents, Latest News, Industry News

New Mortgages Fall, Sparking Fears of Market Slowdown

A significant drop in mortgage originations for the second consecutive quarter has industry insiders worried, as borrowers appear to be shying away from both refinance and new purchase lending in what is traditionally a peak season, according to a new report from ATTOM Data Solutions. After dropping 3% in the second quarter of 2021, new mortgage originations fell an alarming 8% overall in Q3 this year. This is the first time in more than two years the industry has seen consecutive quarterly decr...
Tags: Real Estate, News, Housing Market, Radio, Teams, National, Mortgage, Lending, Financing, Agents, Latest News, Industry News, Consumer, Real Estate News, Jesse Williams, Brokers

Register for RISMedia’s ‘Rocking in the New Year 2022,’ Taking Place Jan. 6

Join RISMedia and our all-star line-up of real estate leaders and visionaries to gear up for maximum success in the New Year. Power brokers, subject matter experts, top-producing agents and some of the industry’s best coaches and trainers will share critical advice and hands-on strategies for tackling the challenges and optimizing the opportunities that lie ahead in 2022 in our next virtual event. With 20-plus sessions and more than 50 speakers, and two separate, customized tracks for brokers an...
Tags: Real Estate, News, Marketing, Business Planning, Social Media, Housing Market, Radio, Teams, National, Agents, Coaching, Latest News, Industry News, Success Tips, Real Estate Agent, Brokers

Brand Report: Canadian Real Estate Prices Expected to Rise 9.2% in 2022

RE/MAX is anticipating steady price growth across the Canadian real estate market in 2022, with inter-provincial migration continuing to be a key driver of housing activity in many regions, based on surveys of RE/MAX brokers and agents, as reflected in the 2022 Canadian Housing Market Outlook Report. Key findings: Migration between provinces expected to continue in 2022, potentially impacting local Canadian real estate conditions, according to 53% of RE/MAX brokers (20 out of 38) Forty-nine per...
Tags: News, Housing Market, Radio, Canada, Luxury, Teams, National, Halifax, Agents, Latest News, Industry News, Moncton, Atlantic Canada, Real Estate News, Christopher Alexander, Leger

Should You Sell Your Home If You Owe More Than It’s Worth?

While people buy homes with the intent to build equity, life happens and sometimes homeowners end up underwater, upside down or with negative equity. What do these terms mean? The balance owed on the mortgage is more than the house is currently worth. Winding Up With Negative Equity Housing prices rise and fall with changes in the market. If you borrow a large percentage of your home’s purchase price, even a small drop in its value can lead to negative equity. If you spend more on a property tha...
Tags: News, Selling, Housing Market, Radio, Mortgage, Lending, Financing, Latest News, Industry News, Consumer, Consumer Content, ACESocial, Negative Equity Housing

NAR to Host Forecast Summit on Dec. 15

The National Association of REALTORS® (NAR) will be hosting its Real Estate Forecast Summit: The Year Ahead on Dec. 15 at 1 p.m. ET, taking a look at the economy and residential and commercial real estate markets. During this free, two-hour webinar, NAR Chief Economist Dr. Lawrence Yun will be joined by speakers across several industry organizations, think tanks and universities. Their review of 2021 and a look ahead into 2022 will cover: Economic Outlook Housing Market Outlook Profile of Home ...
Tags: News, Housing Market, Radio, National, Forecast, Webinar, Latest News, Industry News, NAR, National Association of Realtors, Lawrence Yun, Real Estate Webinar, Real Estate Event, National Association of REALTORS®, Virtual Event

Permanent Living Transforms Resort Towns, Vacation Homes

They say if you love what you do, you won’t work a day in your life. But what if you live where you vacation, does that make every workday a holiday? Maybe not quite, but even so, thousands of people across the country have begun looking at their second homes, or at traditionally vacation areas, for more permanent living arrangements—a trend which has long-term implications for the industry at large, as well as revealing a bevy of new, disparate challenges in seasonal cities from coast to coast....
Tags: Feature, Florida, News, California, Oregon, Los Angeles, San Francisco, Housing Market, Radio, Pennsylvania, Airbnb, National, Vail, Palm Springs, Big Sky, Industry News

Forecast: 2022 Real Estate Market Will be a Mixed Bag

From remote work trends impacting where people can live to affordability issues cropping up as home prices rise, the real estate markets in 2022 will have a fair share of new challenges and opportunities. According to the realtor.com® 2022 Housing Forecast, next year is set to be a mixed bag. Housing trends to watch in 2022: While 2020-2021 brough a home-buying frenzy largely fueled by first-time millennial homebuyers, potential homeowners will face increased competition for at least the next t...
Tags: News, Interest Rates, Housing Market, Radio, Teams, National, Forecast, Agents, Affordability, Predictions, Latest News, Industry News, Consumer, Real Estate News, Real Estate Market, Brokers

Single-Family Home Prices Continue Upward Momentum

Home prices for single-family properties continued their upward trajectory in September, going against typical seasonal market slowdowns, according to the most recent S&P CoreLogic / Case-Shiller Indices. The organization reported an 19.5% annual increased in September, down from 19.8% in August. The 10-City Composite increased 17.8% YoY, down from 18.6% the previous month. The 20-City Composite increased 19.1% YoY, down from 19.6% in the previous month. The markets with the highest YoY home pri...
Tags: Agents, Brokers, Consumer, Industry News, Latest News, Lead Story, National, News, Teams, Case-Shiller, CoreLogic, Feature, Home Prices, Home Values, Housing Market, Real Estate

Pending Home Sales Rebounded in October

Pending home sales increased in October, rebounding from September’s decline, according to the National Association of REALTORS® (NAR). Overall, contract activity increased monthly in each of the four major U.S. regions. However, on a yearly basis, two regions (West and Northeast) reported drops and two others (Midwest and South) increased. The Pending Home Sales Index (PHSI), which is a forward-looking indicator of home sales based on contract signings, rose 7.5% to 125.2 in October. An index o...
Tags: Feature, Real Estate, News, Housing Market, Radio, Luxury, Teams, National, Realtors, Agents, Latest News, Industry News, Midwest, Freddie Mac, Northeast, NAR

Wedding vs. Homeownership: New Survey Measures Modern Priorities

Americans pressed pause on many milestones in 2020, but in 2021 they reignited plans to buy and sell homes. The real estate market is strong according to the National Association of REALTORS® and homeownership is top of mind for Americans. In fact, 82% of unmarried Americans would rather invest in a home than pay for a big expensive wedding,   from Coldwell Banker Real Estate LLC. Conducted online by The Harris Poll among over 2,000 U.S. adults, the survey reveals what’s on homebuyers’ and selle...
Tags: Real Estate, News, Homeownership, Marketing, Housing Market, Radio, Wedding, Teams, National, Survey, Agents, Pew Research Center, Latest News, Industry News, Homebuying, Ricardo Rodriguez

Regional Spotlight: Northern Virginia Homes Prices Climb as Inventory Drops

Differing from the nation’s overall housing market, home sales in Northern Virginia were down slightly in October from September; however, prices continued to grow while inventory shrank from October 2020, mirroring the national market, according to the Northern Virginia Association of REALTORS® (NVAR). Locally and nationally, homes sales decreased from the frenzy of October 2020. “Price and availability are the housing stories of the year—both for our market and nationally. One goes up as the o...
Tags: Real Estate, News, Virginia, Selling, Housing Market, Radio, Supply, Realtors, Latest News, Industry News, Homebuying, Inventory, Northern Virginia, NAR, McLaughlin, National Association of Realtors

Pets Are Increasingly Influencing their Owners’ Housing Decisions

(TNS)—Hannah Wood, a work-from-home product manager for a healthcare company, would like to relocate to Philadelphia to live near her mother, but she’s struggling to find a place that will welcome her roommate, Lea, a 55-pound, mixed-breed dog. Wood initially had hoped to buy a house, but the current competitive market has her searching for a rental, and landlords often limit the size and breed of dog. “Many only accept dogs up to 15 or 20 pounds, which excludes like 60% of all breeds,” she said...
Tags: New York, News, Pets, Selling, Housing Market, Radio, Pennsylvania, Philadelphia, National, Lea, Portland Oregon, Mia, Bentley, Zillow, Wood, Lucy

Regional Spotlight: Florida’s Median Prices March Forward

Florida’s housing market showed higher median prices, more cash sales and tight inventory levels in October compared to a year ago, according to Florida REALTORS® latest housing data. “In markets across the state, the for-sale inventory continues at low levels, and that puts pressure on prices and also impacts closed sales—some buyers may have paused their home search for now,” said 2021 Florida REALTORS®  President Cheryl Lambert in a statement. “Last month, the median time to a contract was 12...
Tags: Florida, Real Estate, News, Housing Market, Radio, Latest News, Industry News, Inventory, Freddie Mac, Real Estate News, Real Estate Market, Home Values, Home Prices, Florida Realtors, Florida Realtors ® Research Department, Cheryl Lambert

New-Home Sales Continue Upward Momentum as Buyer Demand Remains Strong

Sales of new single‐family houses increased 0.4% in October 2021, posting a seasonally adjusted annual rate of 745,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development.  This is 23.1% below the October 2020 estimate of 969,000. Market breakdown: New-Home Sales: 745,000 For-Sale Inventory: 389,000 Months’ Supply:  6.3 Median Price: $407,700 What the industry is saying: “After a significant increase in September, new-home sales improved even further in Octo...
Tags: Real Estate, News, Housing Market, Radio, Teams, Hud, National, Agents, Latest News, Industry News, U S Census Bureau, Consumer, Department of Housing and Urban Development, Census Bureau, Real Estate News, Brokers

Fair Housing Isn’t Enough: Report Shows Racial Disparity Fight Still Needs Support

Overall, overt housing discrimination has lessened through the years following regulations guided by Fair Housing laws; however, it is nowhere near completely dissipated. And while some may not be able to identify it in their day to day, the diversity homeownership gap is a clear example of the persisting challenges that must be addressed, as discussed by the National Association of Real Estate Brokers (NAREB) (SHIBA) Report. In fact, the study found that the gap in homeownership between Black...
Tags: Real Estate, News, Minneapolis, Diversity, Housing Market, Radio, Teams, National, Pope, Lending, Discrimination, Agents, White, Black, Latest News, Industry News

Suburbia Trending as Work-From-Home Options Grow

Suburban housing demand is increasing, according to a new report from realtor.com®, as work-from-home and flexible schedule options become the norm, allowing potential homebuyers to purchase outside their commuting zone. The findings: Share of suburban home shoppers increased 42.1% since the onset of COVID and took a 24% bigger share on September realtor.com® views than listings in urban areas Suburban housing is still relatively affordable compared to expensive urban areas, but buyer demand i...
Tags: Real Estate, News, Housing Market, Radio, Luxury, Teams, National, Agents, Suburbs, Homeowners, Latest News, Industry News, Homebuying, Suburbia, Hale, Consumer

Real Estate Forecast Summit Happening on Dec. 15

NAR PULSE—Join National Association of REALTORS® Chief Economist Dr. Lawrence Yun and a panel of experts for this free webinar, Dec. 15 from 1 to 3 p.m. ET. They will review 2021 and discuss the forces that will shape the real estate market and the economy in 2022. Topics include economic, housing and commercial market outlooks. Register today! New! REALTOR® L.E.A.D DEI Course The REALTOR® L.E.A.D. learning experience has launched a brand-new course that unpacks diversity, equity and inclusion ...
Tags: News, Housing Market, Radio, National, Agents, Latest News, Industry News, Best Practices, NAR, Real Estate News, Lawrence Yun, Brokers, Real Estate Education, REALTOR® Store, National Association of REALTORS®, Real Estate Courses

American Pie: The Main Course for 2022?

There are now a record number of real estate professionals with a seat at the table eyeing a piece of the American real estate pie: a delectable dish made up of nearly seven million ingredients we call transactions, stirred in with a tasty sum of $85 billion paid in real estate commissions last year. But before we watch our wallets expand like a holiday waistline, let’s have a look at how the table has been set. Commission InDOJestion There’s nothing like a DOJ investigation to ruin one’s party....
Tags: News, Interest Rates, Housing Market, Radio, United States, Inflation, Omaha, National, Mortgage Rates, Doj, Agents, Coaching, Latest News, Industry News, Best Practices, Mike Ryan

Millennials Collaborating to Attain the American Dream of Homeownership

The affordability issues in the housing market aren’t going away for younger buyers. The financial challenges hindering millennial homeownership have been well documented between overwhelming student loan debt and record-level home prices. However, some within the cohort are carving their own path to the American dream through teamwork. “Affordability is a key issue for young buyers or first-time homebuyers entering into the market with limited housing inventory, so pooling incomes with a roomma...
Tags: Feature, Real Estate, New York, News, Homeownership, Housing Market, Radio, Millennials, National, Seattle, Smith, Agents, Wall Street Journal, Latest News, Industry News, Homebuying

Existing-Home Sales Down YoY, But Monthly Increases Show Low Inventory Not Holding Buyers Back

Existing-home sales, recording a seasonally adjusted annual rate of 6.34 million in October, bumped down 5.8% compared to last year, according to the latest data from the National Association of REALTORS® (NAR). While they’re lagging behind on a yearly basis, consistent monthly increases show home sales remain relatively stable despite continued challenges impacting affordability, such as low inventory. Single-family home sales increased to a seasonally adjusted annual rate of 5.66 million in Oc...
Tags: Feature, News, Housing Market, Radio, Teams, National, Agents, Latest News, Industry News, Inventory, NAR, National Association of Realtors, Real Estate News, Lawrence Yun, Home Sales, Leslie Rouda Smith

Home Prices Keep Shattering Records: How Can Buyers Cope?

(TNS)—Home prices can’t keep going up forever. Can they? During the COVID-19 contagion, Americans proved willing to pay a premium for homes—so much so that home prices shattered all records. Spurred by historically low mortgage rates, lack of inventory and a pandemic-inspired nesting instinct, buyers keep bidding up home prices. The median price of an existing home has topped $350,000 for the first time. The median price of new homes just eclipsed $400,000. This boom is a boon for sellers and a ...
Tags: Real Estate, News, Housing Market, Radio, National, North Carolina, Latest News, Industry News, Homebuying, NAR, McBride, Rust Belt, U S Census Bureau, Bankrate, Consumer, National Association of Home Builders

5 reasons to be optimistic about the 2022 housing market

At the National Association of Realtors' national conference on Friday, NAR Chief Economist Lawrence Yun shared promising insights about 2022.
Tags: Housing Market, Economy, Radio, Inflation, NAR, National Association of Realtors, Lawrence Yun, Markets & Economy, Select, Homebuyers, Housing Crash, Down Payment Assistance, Summer 2021

Housing Markets Likely to Normalize in 2022, Says NAR’s Lawrence Yun

Is the economy back to normal? It’s the question everyone wants answered as we navigate through a semi-return to normalcy amid the pandemic, and it’s the question Dr. Lawrence Yun, chief economist of the National Association of REALTORS® (NAR), posed as he opened the Residential Economic Issues & Trends Forum at NAR’s annual REALTOR® Conference & Expo, this year held in-person at the San Diego Convention Center in California. While several market indicators lagged throughout the pandemic, the ho...
Tags: Feature, News, California, Interest Rates, Housing Market, Radio, Inflation, National, Mortgage, Latest News, Industry News, NAR, National Association of Realtors, Yun, San Diego Convention Center, Lawrence Yun

As Real Estate Changes, NAR’s Shannon McGahn Is Always Trying to Stay a Step Ahead

Real estate is a dynamic industry and one that’s only true constant is change. This has been evident to anyone who’s been following the industry since at least The Great Recession. And certainly the pandemic has reinforced that idea. The industry has seen moments of extreme lows and, now, extreme highs. Often, some of this ebb and flow in real estate is impacted by public policy. It serves as a steward that can ensure stability in the market. And behind that policy are individuals like Shannon M...
Tags: Feature, News, Supreme Court, Congress, Cdc, Washington, Senate, White House, America, Housing Market, Power, Radio, Hawaii, House, Fema, San Diego

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