Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

Housing Market 391

Housing Market Buyers Agents Marketing 391

Housing Wire

MARCH 6, 2023

With the industry cooling down slower than expected, LOs are having to work harder and get creative to overcome the double whammy of surging rates and a lack of inventory. It’s not so much that it’s more of a buyers market, but it’s less of a seller’s market,” Sam Wax, partner and loan originator at My Easy Mortgage , said.

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Loan Officers Inventory Real Estate Agent Buyers 364

Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.” Both buyers and sellers are coming back to the market,” Fischer said. Last year was a tough one for the Indiana real estate market.

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Housing Market Marketing Inventory Construction 395

Housing Wire

FEBRUARY 19, 2021

Lawrence Yun, chief economist for the National Association of Realtors , said last month that he expected momentum to carry over from the end of 2020. million homes were sold in 2020, up 5.6% Sales easily could have been even 20% higher if there had been more inventory and more choices,” Yun said. from December.

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Inventory Sellers Real Estate Buyers 542

Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Unsold inventory sits at a 3.0-month

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Inventory Housing Market Marketing Realtors 505

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened.

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Housing Market Marketing Inventory Mortgage 539

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. The report attributes this decrease to the normal seasonal slowdown, causing the shortage of inventory to slow as well. million and 1.92

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Buyers Inventory Real Estate Agent Agents 425

Housing Wire

JANUARY 20, 2023

million, according to a report from the National Association of Realtors (NAR) released Friday. With the exception of May 2020, when the pandemic had virtually shut down housing market activity, this is the lowest level of monthly home sales in 12 years.” Despite the monthly drop, the unsold inventory at the end of December is up 10.2%

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Inventory Housing Market Realtors Buyers 338

Housing Wire

AUGUST 23, 2021

in July from the month prior, a report published by the National Association of Realtors on Monday found. A notable development: After a year of extremely tight housing inventory , the housing market is showing signs of finally adding housing stock. The inventory of unsold homes rose by 7.3% Existing-home sales grew by 2.0%

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Inventory Buyers Housing Market Realtors 457

Housing Wire

MARCH 29, 2024

Buyers are still buying and sellers are still selling. From 2020 until the middle of 2022, the Austin metro area was turning heads for its massive influx of homebuyers and its exponential home price growth. I feel like the market we are in, from an inventory standpoint, feels similar to last year.”

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Housing Market Agents Marketing Inventory 353

Housing Wire

NOVEMBER 4, 2022

The National Association of Realtors (NAR) released a report on Friday that found 88% of all first-time homebuyers in the U.S. Lautz said she is not surprised by the record -ow number of first-time buyers, attributing the reasons to housing affordability, high home prices, rising interest rates and lack of home inventory.

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Buyers Sellers Real Estate Agent Real Estate 338

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years. Total Inventory data fell in this report from 1.31 million to 1.28

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Inventory Housing Market New Listings Mortgage 437

Housing Wire

MAY 3, 2023

According to RealTrends’ historical data, agent commissions reached a high point in 1991 at an average of 6.10% and fell to a nadir of 4.94% in 2020 before climbing to 5.06% in 2021 and 5.32% in 2022. Relatedly, discount brokerages have promised big savings to sellers for decades. They were wrong. They’ve never caught on.

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Agents Real Estate Agent Brokerage Real Estate 388

Housing Wire

NOVEMBER 8, 2023

presentation to investors in the blank-check SPAC that took the company public in 2020. Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. “The largest, undisrupted market in the U.S.,”

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Marketing Inventory Renovations Investors 395

Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% in October.

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Inventory Contracts Training Investors 527

Housing Wire

MAY 27, 2021

In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually. Record low rates lit the fire under what was a scorching hot market in 2020 with some economists speculating rising rates may be the best option for cooling it back down.

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Mortgage Inventory Housing Market Construction 457

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions.

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Sellers Realtors Buyers Inventory 64

Housing Wire

JULY 13, 2021

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. Two of my buyers just had their offers accepted because the sellers’ first buyers backed out.

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Inventory Housing Market Real Estate Agent Buyers 493

Housing Wire

NOVEMBER 12, 2020

According to the National Association of Realtors 2020 Profile of Home Buyers and Sellers, 47% of potential homebuyers said student loan debt was the biggest obstacle in saving for a downpayment. Over the course of this year, home prices have continued to tick upward due to low inventory and high demand.

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Buyers Realtors Sellers Inventory 435

Housing Wire

MAY 21, 2021

million, the National Association of Realtors reported on Friday. Despite the decline, housing demand is still strong compared to one year ago, evidenced by existing home sales from this January to April, which are up 20% compared to 2020. from April 2020 as every region recorded a price increase. from March to 5.85

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Inventory Buyers New Listings Marketing 413

Housing Wire

FEBRUARY 13, 2024

We are very bullish on Alabama and its long-term prospects,” Jeremy Walker, CEO of the Alabama Realtors Association , said. “We Lower rates are likely to make homeownership accessible to more buyers and it should prompt some potential sellers who are locked in at a rate of 3% or less to list. As of Feb.

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Construction Supply Chain Inventory Agents 353

Lamacchia Realty

DECEMBER 11, 2023

THE HIDDEN COSTS OF SELLING YOUR HOME WITHOUT A REALTOR® There is no denying it, the housing market has been a rollercoaster over the last several years. From the Covid-19 driven frenzy in 2020 to the significant inventory slowdown this year , buyers , sellers , and agents have all had adapt and grow comfortable with change.

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Realtors Real Estate Agent Sellers Realty 71

Housing Wire

MAY 10, 2022

As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers.

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Housing Market Realtors Buyers Inventory 400

Housing Wire

AUGUST 27, 2020

year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. million, a 1.1%

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Contracts Realtors New Listings Real Estate 477

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. Kanacki said that when it came to seasonal buying, “we’re still riding the wave with 2020.” Over the last four weeks ending on Sept.

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Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

OCTOBER 21, 2021

in September after waning in August, according to a new report National Association of Realtors released Thursday. Year-over-year, inventory of unsold homes decreased 13% in September to 1.27 NAR’s 2020 profile of home buyers and sellers found that the annual share of first-time buyers was 31%. from a year ago.

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Inventory Buyers Realtors Contracts 399

Housing Wire

DECEMBER 3, 2020

1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. It’s not uncommon to hear that bids on homes are that high, according to Stacie Herrig, a Realtor with Epic Realty in Meridian, Idaho, and sometimes she can see 10 to 20 offers on a home.

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Marketing Realty Realtors Housing Market 531

Housing Wire

FEBRUARY 10, 2023

Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire. Literally, we’re right back to being a seller’s market again.” So more realtors in the area have started working with us. And usually, once they work with us, we hold on to them.

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Marketing Inventory Loan Officers Buyers 349

Housing Wire

JANUARY 29, 2021

drop in November , according to a report from the National Association of Realtors. “Greater participation of sellers and builders in the months ahead will make home sales possible while easing some of the pressure on price growth, which is currently rising at a double-digit percent rate and has been for almost six months.”

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Contracts Real Estate Housing Market Technology 529

Housing Wire

OCTOBER 26, 2023

After filing a motion for a mistrial Wednesday morning, citing several grievances including “vulgar” footage from a Tom Ferry podcast featuring Allan Dalton and references to the Department of Justice’s investigation of the National Association of Realtors (NAR), defendant HomeServices of America learned it didn’t get its way.

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Buyers Sellers Agents Law 356

Cleveland Appraisal Blog

JANUARY 5, 2023

Interestingly, the highest number of pending sales we saw in recent years was in December 2020. While we still have a significant shortage of housing inventory in Cuyahoga County, we had more active listings last month than we had in December 2020 and 2021. How much of their list price can sellers expect to see in future months?

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Housing Market Marketing Appraisal Inventory 369

Housing Wire

DECEMBER 22, 2021

The National Association of Realtors reported that existing home sales for November came in hot at 6.46 We ended 2020 with 5.64 million , so every single existing home sales print in 2021 has been higher than what we closed in 2020 — which was higher than any single year from 2008 to 2019. million and 6.2 million and 6.2

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Inventory Housing Market Investors Marketing 456

Housing Wire

DECEMBER 28, 2021

real estate in 2022 may see challenges to its biggest enterprises, including the National Association of Realtors and Zillow , and shifting adjustments to how work is done amid the coronavirus pandemic. million homes sold at the end of September, according to National Association of Realtors data. on pace for 6.29 July was the plateau.

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Real Estate Realty Brokerage Realtors 440

Housing Wire

MARCH 9, 2022

From 2010 to 2020, middle-income households gained $2.1 trillion in housing wealth, according to a new study by the National Association of Realtors , released on Wednesday. “These escalating home values were no doubt beneficial to homeowners and home sellers,” Yun said in a statement. In 2020, just 27.7%

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Home Value Realtors Marketing Inventory 433

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . About 70% of Prosperity’s production comes from affiliate realtors.

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Mortgage Real Estate Real Estate Agent Realtors 347

Housing Wire

MARCH 25, 2021

. “During the course of the pandemic, ‘home’ had become more important than ever, and as a result, strong purchase demand continues—but buyers also outnumber the sellers,” Khater said. million, according to the National Association of Realtors. That’s a full 5% drop. Sales of existing homes fell 6.6% month-over-month.

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Mortgage Construction Realtors Inventory 539

Empire Appraisal Group

MARCH 4, 2021

Housing Markets With the Highest, Lowest Inventories. Source: Housing Markets With the Highest, Lowest Inventories | Realtor Magazine. Housing inventories aren’t being replenished fast enough for home shoppers. month supply at the current sales pace, according to the National Association of REALTORS®.

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Inventory Housing Market Marketing Realtors 60