Housing Wire

JANUARY 4, 2021

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum. Will 2021 be more of the same?

Housing Market 546

Housing Market Marketing Buyers Real Estate Agent 546

Housing Wire

OCTOBER 8, 2021

home prices are quickly shifting the affordability calculus for prospective homebuyers in 2021 — even though mortgage rates have remained near record lows. Despite average 30-year mortgage rates that have remained below 3% for most of 2021, the rapid home price increases are eroding affordability for average wage earners. Among 75 U.S.

Renovations 542

Renovations Inventory Marketing Property Taxes 542

Housing Wire

APRIL 7, 2021

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. Specifically, housing markets like Portland, Maine , Bay City, Mich. ” Real estate agents and LOs: the great collaboration. .

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. trillion in mortgage originations in 2021. This is what I call a supply-constrained market. “In

Inventory 447

Inventory Renovations Real Estate Government 447

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. The number of homes “held off market” – second homes, vacation homes and others that are neither for-sale, for-rent or occupied – shrank.

Inventory 383

Inventory Sellers Mortgage Marketing 383

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Let’s dive into the trend lines of the housing market. The show-me part of the housing market starts with this bounce from an extreme bottom. This week inventory fell 8,664 units from the previous week.

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Inventory Housing Market Marketing New Listings 434

Housing Wire

NOVEMBER 16, 2023

Despite multiple class-action antitrust commission lawsuits , increased uncertainty over mortgage rates and low housing inventory , Compass CEO and founder Robert Reffkin says “there has never been a better time to be in real estate than right now.” Good times, like 2021, create bad habits.

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Real Estate Agents Buyers Clients 409

Housing Wire

MAY 1, 2024

That puts the national inventory up 31.9% Even looking at the state level may obscure particularities of the markets within them. Inventories shrank universally nationwide through the second quarter of 2021 and began to recover through the second quarter of 2023, but so far in 2024, Texas and Florida have dominated listings growth.

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Inventory Agents Marketing Mortgage 390

Housing Wire

DECEMBER 2, 2020

As 2020 comes to an end, realtor.com ’s economists believe that the housing inventory shortage won’t be as dire in 2021. Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said.

Housing Market 505

Housing Market Marketing Inventory Buyers 505

Housing Wire

AUGUST 13, 2021

The aftermath of the COVID-19 crisis, plus solid housing demographics, has created a genuine problem with housing inventory. Record low inventory has resulted in a hectic housing market with forced bidding becoming typical rather than the exception. The post What will fix the housing market inventory shortage?

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Inventory Housing Market Marketing Buyers 510

Housing Wire

JULY 28, 2023

Outsiders to the real estate industry may assume that the tight market has real estate agents hanging up their hats. In reality, today’s agents are seizing the market and feeling confident. Real estate agents are still confident in the industry and the market. The answer is undeniable.

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Real Estate Agent Real Estate Agents Housing Market 367

Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. What’s happening with inventory? There are now 528,000 single-family homes on the market. That’s an increase of 1.8% from last week.

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Inventory Contracts New Listings Mortgage 481

Housing Wire

APRIL 6, 2021

housing market is in the midst of an inventory crisis. is hovering near record lows , caused by a pandemic-induced housing inventory death-spiral. At the same time, home sales have soared close to record highs , suggesting the housing market suffers exclusively from a supply (and not demand) problem.

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Inventory Housing Market Marketing Landlords 544

Housing Wire

JANUARY 12, 2023

The housing inventory shortage dominated much of the conversation surrounding the housing market in 2022, but thanks to softening homebuyer demand, the number of active listings finished the year up 54.7% Despite this sizable yearly increase, active housing inventory was down 33.4% from December 2021.

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Inventory Buyers New Listings Sellers 518

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. Once that happens, I can finally take the savagely unhealthy housing market theme off my talking points. What does this mean? million to 1.93

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Inventory New Listings Housing Market Sellers 519

Housing Wire

JANUARY 26, 2022

Experienced real estate investors often say that there are opportunities in every market — whether prices are rising or falling, whether the trends lean towards a buyers’ market or a seller’s market. It’s simply a matter of adjusting your investment strategy to optimize current market conditions.

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Real Estate Investors Inventory Business 424

Housing Wire

JULY 5, 2023

Gerli cites data from a company called AllTheRooms to make the case that the Airbnb /short-term rental market is “crashing” and it will have a big impact on inventory. A nearly 50% drop in revenue in some markets! Revenue per listing is down, but it’s not down by a third or more in those markets, according to AirDNA.

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Inventory Housing Market Marketing Sellers 388

Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. Additionally, the state’s 90-day average Altos Market Action Index score was 32.75 Altos classifies scores above 30 to be indicative of a sellers’ market.

Insurance 380

Insurance Housing Market Marketing Agents 380

Housing Wire

APRIL 19, 2021

A lot of folks are concerned about a housing market crash. Real estate investors buy to flip a home for a profit or get rental income, but they’re not the majority of buyers in America each year. Last year and this year have been crazy for real estate. The post The housing market won’t crash in 2021.

Housing Market 540

Housing Market Marketing Real Estate Investing 540

Housing Wire

AUGUST 20, 2023

Last week, mortgage rates hit a 21st-century high, the 10-year yield closed slightly higher than my peak forecast for 2023 , and housing inventory growth was still slow. Weekly housing inventory Mortgage rates have been near or above 7% for the last few months, and active listings growth has been slow during this tenure.

Inventory 366

Inventory Mortgage New Listings Sellers 366

Housing Wire

DECEMBER 25, 2020

Real estate agents across the U.S. Fannie Mae Chief Economist Doug Duncan said he expects existing home sales to ultimately “be up a percent or more in 2021. Fannie Mae Chief Economist Doug Duncan said he expects existing home sales to ultimately “be up a percent or more in 2021. Join today with an HW+ Membership !

Real Estate Agent 545

Real Estate Agent Housing Market Inventory Real Estate 545

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. Inventory issues. Emerging out of the pandemic, the first half of 2021 showed that there is a historically low housing inventory across multiple markets in the U.S.

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Mortgage Inventory Real Estate Technology 506

Housing Wire

AUGUST 6, 2023

The housing inventory data from last week makes me wonder if we are starting the seasonal decline in active listings in August. Saying that the housing inventory growth in 2023 has been disappointing is an understatement. Then the growth rate was so slow that we had weeks of negative year-over-year inventory data.

Inventory 363

Inventory New Listings Mortgage Housing Market 363

Housing Wire

APRIL 24, 2024

The Dallas-Fort Worth-Arlington metro area had the largest increase in population count between 2021 and 2022 of any metro area in the country, adding more than 170,000 people , according to the U.S. It is unsurprising, then, that Texas has seen a boom in new real estate brokerage offices in the past five years. Census Bureau.

Brokerage 327

Brokerage Realty Marketing Real Estate 327

Housing Wire

MARCH 29, 2024

It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. The market is still strong,” said Wendy Cash, a broker at Austin area-based Century 21 Hellmann Stribling. Technically we are still in a seller’s market.

Housing Market 353

Housing Market Agents Marketing Inventory 353

Housing Wire

MAY 19, 2021

A full month of sub-3% mortgage rates , ongoing housing market supply constraints, and a 300% increase in lumber prices over the past 15 months has prompted Fannie Mae ‘s Economic and Strategic Group to revise several of its 2021 forecasts. months of housing market supply sat ready on the market. drop in April.

Housing Market 510

Housing Market Marketing Mortgage Inventory 510

Housing Wire

MAY 17, 2023

Industry economists attribute the uptick in housing starts and builder confidence to the low level of existing home inventory. In April, the inventory of existing homes for sale totaled just 980,000, far lower than the long-term average of about 2.3 As a result, prospective buyers may turn to the new-home market. million homes.”

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Inventory Construction Development Housing Market 358

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time. How can housing inventory be so low today when it skyrocketed back in 2009? housing market.

Inventory 492

Inventory Housing Market Construction Marketing 492

Housing Wire

FEBRUARY 12, 2024

Each week — for several months now — inventory levels of unsold homes on the market has been expanding compared to last year. Even as inventory declined this week, it’s relatively growing compared to a year ago. This week, inventory fell by half a percent. Sellers are coming back to this housing market.

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Sellers Housing Market Buyers New Listings 350

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

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Inventory Marketing Business Buyers 317

Housing Wire

APRIL 25, 2024

While DeRoussel’s experience sounds exactly like many of the stories that emerged from the pandemic-fueled homebuying frenzy of 2020 and 2021, this happened just a few weeks ago in early April 2024. “It It is extremely competitive,” DeRoussel said of the Cincinnati housing market. “We We are going to see an increase in inventory.

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Buyers Marketing Inventory Investors 374

Housing Wire

JULY 29, 2022

Fast-rising home prices and interest rates coupled with a slipping economy helped to cool the nation’s housing market in June leading to a nearly 2% increase in the number of homes on the market. That marks the first month since July 2019 (pre-pandemic) that housing inventory increased year over year. year over year.

Inventory 457

Inventory Housing Market Inspection Marketing 457

Housing Wire

AUGUST 7, 2023

As a result, the available inventory of homes for sale is slightly higher each week. The surprisingly strong economy has the markets assuming the Fed will keep rates higher for longer, therefore, mortgage rates follow suit. With fewer transactions, inventory is building just a bit as we approach the end of the summer.

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Inventory New Listings Contracts Buyers 282

Housing Wire

JUNE 21, 2022

The 2021 real estate market was one for the ages: record low interest rates and housing inventory gave way to record high home prices and sales. The top four — Realogy Brokerage Group (RBG), HomeServices of America , Compass and eXp Realty — now have 20% market share in the U.S. and sales volume.

Brokerage 294

Brokerage Real Estate Realty Agents 294

Housing Wire

JUNE 21, 2022

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. from May 2021 ($355,000), as prices increased in all regions. home-price growth data.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

JANUARY 26, 2024

We’ve all heard the news: over 60,000 real estate agents left the profession in the first half of 2023. Whether you’re newly licensed or an experienced agent who had a productive year — if you’re looking for a change, it’s likely you’ve started receiving emails, letters, and phone calls from all kinds of real estate firms.

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Real Estate Brokerage Agents Real Estate Agent 376

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