Housing Wire

OCTOBER 31, 2023

To get the weekly picture of the housing market, watch the video above. Inventory creeps up There are now 562,000 single-family homes on the housing market. There are far fewer sellers now than in any recent year. However, last year’s seller decline was much more steep. Don’t have time? That’s up 1.5%

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New Listings Inventory Contracts Housing Market 466

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. economy, especially the mortgage and housing sector.

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Housing Market Marketing Supply Chain Mortgage 513

Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. at the end of 2022.

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Housing Market Marketing Inventory Buyers 353

Housing Wire

MAY 28, 2024

More people coming off the sidelines to sell their homes is a healthy signal for the market. No one wants a scenario in which there’s a flood of sellers but no buyers. You can also see the light red line from 2022 when rates were first skyrocketing. Inventory in 2022 was building much more quickly than it is now.

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Inventory New Listings Contracts Sellers 511

Housing Wire

SEPTEMBER 19, 2023

This “higher for longer” conventional wisdom is working its way through the housing market. It shows obvious slowing demand, but is also a reflection of the fact that most of the year we had more buyers than sellers of residential real estate. There are 345,000 single-family homes in the contract pending stage.

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Housing Market Marketing Inventory New Listings 405

Housing Wire

APRIL 17, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. But, in 2022, as prices in the metro rose to never-before-seen levels, things started to change.

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Housing Wire

MAY 6, 2024

The good news for the housing market is that the pace of sales is gradually improving due to the expanded supply. housing market as we roll into May 2024. Housing inventory There are now just under 600,000 single-family homes on the market. There are now 83% more homes on the market than in May 2022.

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Inventory Contracts Sellers New Listings 392

Housing Wire

MAY 13, 2024

All in all, you can see how effectively 7% mortgage rates have slowed the housing market. If you need to communicate about the real estate market with buyers and sellers, you should join us. real estate market as of mid-May 2024. It’s the peak season for buyers and sellers. That’s up 1.5% for the week.

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New Listings Contracts Inventory Sellers 402

Housing Wire

APRIL 22, 2024

After a couple weeks of big jumps for mortgage rates , we’re still seeing relatively surprising strength in the housing market. housing market for the week of April 22. There are 130,000 more homes on the market now than last year at this time. In fact, there are more new sellers this week than in any week of 2023.

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Inventory New Listings Sellers Contracts 474

Housing Wire

NOVEMBER 20, 2023

It looks like this is evidence that housing markets are returning to normal rather than a case of sellers panicking, but it’s worth keeping an eye on. After all, more sellers means more sales in 2024. Watch the video above to get the latest housing market update from Altos Research. What does that mean?

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Inventory New Listings Housing Market Sellers 393

Housing Wire

AUGUST 14, 2023

Now, that extra little boost of demand seems to be gone from the housing market. There are about 10% fewer homes on the market now than there were in 2022 at this time. In 2022, mortgage rates climbed rapidly and inventory climbed rapidly. We measure the housing market. That’s the Altos Rule.

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Housing Market Inventory Marketing Buyers 345

Housing Wire

NOVEMBER 27, 2023

Watch the video above to get the latest housing market update from Altos Research. Inventory (finally) peaks for the year Housing inventory was down by 0.7% There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. Short on time? from last week.

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New Listings Contracts Inventory Housing Market 479

Housing Wire

APRIL 30, 2024

Unsold inventory was nearly 32% higher than at this time last year and 90% higher compared to the end of April 2022. “The It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. On the more bullish side, more inventory could result in more sales.

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Mortgage New Listings Inventory Sellers 351

Housing Wire

JANUARY 19, 2023

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

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Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. If a seller has those multiple offers, they are looking first at cash offers and may even consider a lower cash offer because they don’t have to worry about the property appraising for that price,” Garrett said. It is just a super tight housing market.

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Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. At the same time, seller volume dried up. But now sellers are coming back into the market. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country.

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Inventory New Listings Contracts Sellers 457

Housing Wire

MAY 20, 2024

The second dynamic to watch here is how many sellers are cutting their prices each week. Both dynamics are elevated this year: more of the homes on the market have taken price cuts and the slope is pretty steep — meaning more homes each week are cutting prices because they don’t have offers from buyers.

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Inventory New Listings Sellers Contracts 392

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. in 2022 but will drop to 4% in 2023. trillion in 2022 and $2.3

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Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

OCTOBER 1, 2022

However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5

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Realtors Housing Market Marketing Buyers 377

Housing Wire

JANUARY 29, 2024

The headline was an impressive 8% jump over December of 2022. We shared that sales growth data back in December as it was happening in the housing market. Homes in contract rises There are more homes in contract now than last year at this time. The question is, will this trend continue for the year?

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Contracts Inventory Housing Market Mortgage 390

Housing Wire

JANUARY 8, 2024

2022 started insanely strong and weakened rapidly in the second quarter. Could the housing market change and slow again in 2024? Sellers are coming back There are 499,000 single-family homes unsold on the market now. There are slightly more sellers each week. We can expect to have more sellers all year.

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Real Estate Marketing Inventory New Listings 487

Housing Wire

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. Following dampened activity from buyers, sellers provided increased concessions, such as temporary rate buydowns or paying closing costs to complete sales, the report noted.

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Housing Wire

MARCH 25, 2024

I like to point out that consumers are more sensitive to changes in mortgage rates than to the absolute levels, and since rates are now basically unchanged for the month, just easing down from the early March peak of 7.2%, sellers and buyers are tip-toeing back into the market. More sellers means more sales will happen.

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New Listings Inventory Contracts Sellers 479

Appraisal Buzz

DECEMBER 27, 2021

The housing market was hotter than ever last year, with pandemic-driven demand boosting home sales to their highest level in 14 years. There’s too little supply and too high a demand, a predicament that’s disrupted the housing and appraisal industries. of homes are valued lower than the contract price.

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Housing Wire

MARCH 18, 2024

Although I don’t have any capacity to predict interest rates, I do know what happens to the housing market if rates rise or fall from here. This week in 2022 was the last of the 3% mortgages. There are 250,000 more homes on the market now then when we exited the pandemic boom in March 2022.

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Inventory New Listings Sellers Contracts 384

Listing Spark

JUNE 21, 2022

Unless you’ve been living underneath a rock, you have likely heard talks of a housing market bubble that could burst at any moment. With such a rapidly changing market it can be difficult to know what to do. How do we know the housing market is shifting? First off, how do we know the housing market is shifting?

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Sellers Housing Market Marketing Inventory 69

Housing Wire

APRIL 15, 2024

How will homebuyers and sellers react and how quickly can we measure it? Available inventory of unsold homes on the market is 30% greater than last year at this time and 102% more than in mid-April 2022. There are 120,000 more homes on the market now than there were last year. But the U.S.

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Inventory Mortgage New Listings Sellers 373

Housing Wire

JANUARY 19, 2024

from December 2022 to $382,600 – the sixth consecutive month of year-over-year price increases. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. from December 2022 ($366,500). Sales faded 6.2%

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Housing Market Inventory Contracts Marketing 405

Housing Wire

MAY 22, 2024

Existing home sales missed estimates, but the story here has been the same for some time; we have been working from the lowest sales levels since the bottom at the end of 2022, and we can’t grow sales in any meaningful way until rates go lower and stay there. Year-over-year, sales fell 1.9% (down from 4.22 million in April 2023).

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Inventory New Listings Housing Market Contracts 449

Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. And existing home sales crashed in 2022 from a peak of around 6.5 housing market , we just experienced an event that most people never thought could happen.

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Inventory Housing Market New Listings Marketing 536

Housing Wire

OCTOBER 16, 2023

The leading indicators for sales prices show that 2023 will end with home price gains of 1-2% over 2022, but the 2024 outlook is weakening and depends on your view of mortgage rates in Q1 and whether home prices will appreciate next year. Here are some of the takeaways: There are now 546,000 single-family homes on the market — 3.5%

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Inventory Contracts Sellers New Listings 435

Housing Wire

SEPTEMBER 12, 2023

housing market now. That’s frankly surprising given how cold the housing market froze last fall. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers. New contracts dipped as affordability is out of reach for so many. We have significantly fewer home sales happening.

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Contracts Inventory Housing Market Buyers 363

Housing Wire

DECEMBER 11, 2023

Watch the video above to get the latest housing market update from Altos Research. We can see that while inventory rises with rates and falls with rates, that there is no signal of any flood of sellers. If we had a flood of sellers, that would be bearish for home prices. 30% fewer home sales this year than in 2022.

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Inventory Contracts Sellers Housing Market 436

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I While some properties are sitting on the market longer, Smith noted that those in good condition, priced well and in a desirable location are still selling quickly. “I

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Housing Wire

AUGUST 7, 2023

There are 10% fewer homes on the market now than there were in 2022 at this time. In fact, in 2022 inventory had also peaked in August, rounded the top and started declining for the fall when interest rates spiked in September. In 2022, inventory peaked during the last week of October. in just a few weeks.

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Inventory New Listings Contracts Buyers 282

Housing Wire

OCTOBER 12, 2022

The forecast for the housing market in 2023 gets worse by the month, with the latest report predicting a million-plus decline in existing home sales. trillion in 2022, a $78 billion decline from last month’s forecast. The mortgage market is projected to slip further to $1.3 million in 2022 and 3.93

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Contracts Modernization Housing Market Mortgage 414

Housing Wire

JULY 17, 2023

housing market could have a soft landing in 2023. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. A soft landing is how you end that crazy cycle without the massive pain of a market crash or bubble burst. That’s essentially unchanged from 2022.

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Real Estate Marketing Inventory Contracts 283