MarketNsight, a leading real estate data and analysis provider, presented its state-of-the-market report and 2024 predictions during Market Watch calling for zoning reform and new housing solutions. "Nationwide job growth of nearly 3 million jobs in 2023 underscores the urgent need for increased housing supply to accommodate new workforce entrants, whether they rent or buy," said John Hunt, Principal and Chief[...]
MarketNsight, a leading real estate data and analysis provider, reports after 13 consecutive weeks with rates over 7%, the housing market has broken the lows in pending sales set in November 2022. History may be repeating itself, however, and the market may be near the bottom. “Rates peaked two weeks ago, and pending sales have continued to fall through November[...]
MarketNsight, a leading real estate data and analysis provider, reports that year-to-year pending sales turned positive the last week of October for the first time since the second week of June 2022. “Don’t get too excited – the last week of October 2023 is being compared to a very bad October 2022,” said John Hunt, Principal and Chief Analyst at MarketNsight.[...]
MarketNsight, a leading real estate data and analysis provider, reports that even after six weeks in a row with 30-year fixed mortgage rates higher than 7%, pending sales are performing better than in the fall of 2022. “Home buyers have become accustomed to higher rates, and the market continues to be driven by the lack of housing supply,” said John Hunt,[...]
MarketNsight identifies 7% as the new sensitivity threshold for mortgages. The leading real estate data and analysis provider reports that rates in the second week of August 2023 rose to 7.09% - surpassing the 20-year highs set last fall. On the way to 7.09%, pending sales rapidly declined, completely reversing the positive trend witnessed in the third week of July[...]
Bright Spot: New home pending sales are up 48% year over year since February MarketNsight, a leading real estate data and analysis provider, reports that pending sales in July were down 18% year to year – showing no significant change from the 19% decrease revealed in its January 2023 update. Unless interest rates drop significantly in the next few months, pending[...]
MarketNsight, a leading real estate data and analysis provider, reports that June’s collapse in housing inventory ushered in 2023’s first significant price increase. In late June, total inventory turned negative year over year for the first time in 13 months. Two weeks later, the effect of this drop in inventory was reflected in prices. Prices in July 2023 were up 6%[...]
MarketNsight Reports on First Half of 2023 This week, MarketNsight, a leading real estate data and analysis provider, revealed housing data through the end of June 2023. Of note, year-to-year housing inventory has collapsed since January and was negative in June for the first time in 13 months. Months of supply (MOS) at the end of June 2023 was 1.8. According to[...]
MarketNsight Offers Housing Forecast at MarketWatch Atlanta MarketNsight, a leading provider of real estate data and analysis, recently hosted its biannual MarketWatch Atlanta event via Zoom, releasing data on the state of the Atlanta new home industry. According to John Hunt, Principal and Chief Analyst at MarketNsight, the housing shortage in Atlanta (especially related to entry-level housing) and elsewhere throughout the[...]
Contrary to many recent headlines, the housing market remains active and dynamic, according to new data from MarketNsight. Despite a perceptible decrease in demand, the industry research leader reports that home sales continue at a robust 80% of last year's pace, with buyers signing contracts, even with interest rates exceeding 6%. “Increases in the market share of new homes continue to[...]