Housing Wire

JULY 24, 2023

Last week the National Association of Realtors (NAR) reported that existing home sales declined in June to an annual rate of 4.2 Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. Homes typically take 30-45 days in contract.

Inventory 282

Inventory Contracts New Listings Buyers 282

Housing Wire

DECEMBER 16, 2022

This article is part of our Housing 2022-23 forecast series. The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. offers, according NAR’s REALTORS® Confidence Index.

Buyers 461

Buyers Realtors Inventory Sellers 461

Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. regions, but declined in the West, according to the National Association of Realtors. Overall, contract signings were down 21.1% from February 2022. After nearly a year, the housing sector’s contraction is coming to an end,” he said in a statement Wednesday.

Contracts 280

Contracts Realtors Home Value Housing Market 280

Housing Wire

APRIL 27, 2023

For the first time since November 2022, pending home sales fell in March, posting a 5.2% month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. year over year. year over year to 4.56

Inventory 383

Inventory Realtors Contracts Construction 383

Housing Wire

OCTOBER 31, 2023

In August, pending home sales , existing home sales and new home sales all fell compared to the previous month, as mortgage rates climbed and inventory remained scarce. in September year over year to $394,300, according to the National Association of Realtors. During the first week of June, mortgage rates were at 6.79%.

Inventory 435

Inventory Housing Market Contracts Realtors 435

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement.

Inventory 414

Inventory Renovations Contracts Buyers 414

Housing Wire

APRIL 29, 2021

The National Association of Realtors released encouraging news Thursday about the future of the housing market. The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 in March, after two consecutive months of decline. population.”.

Contracts 414

Contracts Inventory Construction Realtors 414

Housing Wire

SEPTEMBER 28, 2023

in August, according to data released Thursday by the National Association of Realtors (NAR). below the August 2022 level. An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. All four regions of the U.S.

Housing Market 412

Housing Market Contracts Government Buyers 412

Housing Wire

JANUARY 19, 2024

from December 2022 to $382,600 – the sixth consecutive month of year-over-year price increases. Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. from December 2022 ($366,500). Sales faded 6.2% from the previous year.

Housing Market 402

Housing Market Inventory Contracts Marketing 402

Housing Wire

SEPTEMBER 29, 2022

according to data released Wednesday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. year over year in 2022, to 5.19 According to Yun, limited inventory and almost non-existent distressed property sales have supported home prices, which he predicts will rise by 9.6%

Contracts 327

Contracts Realtors Inventory Marketing 327

Housing Wire

SEPTEMBER 19, 2023

Meanwhile, the available inventory of unsold homes is growing. This week, inventory grew faster than it did last year at this time. This week was the biggest week of inventory increase all year, with inventory growing by over 9,000 single-family homes. Last year, inventory climbed dramatically for months.

Housing Market 401

Housing Market Marketing Inventory New Listings 401

Housing Wire

FEBRUARY 28, 2022

On Friday, the National Association of Realtors released its pending home sales data showing a third month of declines. Even though the recent existing-home sales data has been outperforming my expectations , the pending home sales data to me looks more in line with my expectations for 2022. 2022 Pending home sales.

Inventory 397

Inventory Housing Market Realtors Marketing 397

Housing Wire

OCTOBER 12, 2022

trillion in 2022, a $78 billion decline from last month’s forecast. million, according to the National Association of Realtors. million in 2022 and 3.93 annualized in the third quarter of 2022 due to strong net export and inventory investment activity, before contracting 0.7% from a year ago. .

Contracts 414

Contracts Modernization Housing Market Mortgage 414

Housing Wire

NOVEMBER 21, 2022

The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. million in 2022 before dropping to 4.42 trillion in 2022. trillion in 2022. million, according to the National Association of Realtors. million in 2023 and then climbing to 5.25 million in 2024.

Contracts 354

Contracts Government Mortgage Buyers 354

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. million, according to a report from the National Association of Realtors (NAR) released Tuesday. Inventory remains low, but buyers are beginning to have better negotiating power,” Yun added. from January 2022.

Inventory 340

Inventory Buyers Housing Market Contracts 340

Housing Wire

FEBRUARY 28, 2023

The 2022 housing market was largely characterized by the swift slowdown in demand caused by rapidly rising mortgage rates. year over year in 2022, according to data from the National Association of Realtors , home prices still managed to rise 5.8% Low inventory has propped up home prices in many markets,” she said.

Inventory 359

Inventory Housing Market Contracts Realtors 359

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 342

Mortgage Real Estate Inventory Construction 342

Housing Wire

DECEMBER 13, 2022

The National Association of Realtors predicts there will be 4.78 million existing home sales expected to close in 2022. million existing homes sold in 2022 already represent a 16% year-over-year decrease and the lowest number of existing home sales since 2014. annual increase in 2022. from the 5.13 to $384,500.

Realtors 399

Realtors Mortgage Housing Market Real Estate 399

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% Total Inventory data fell in this report from 1.31 It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52

Inventory 435

Inventory Housing Market New Listings Mortgage 435

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.

Housing Market 397

Housing Market Realtors Buyers Inventory 397

Housing Wire

OCTOBER 21, 2021

in September after waning in August, according to a new report National Association of Realtors released Thursday. The gain in existing home-sales in September reflects contracts signed earlier in the summer,” Mike Fratantoni, MBA SVP and chief economist said in a statement. Existing-home sales rose 7.0% from a year ago.

Inventory 398

Inventory Buyers Realtors Contracts 398

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. Home prices will be influenced by how much inventory is brought to market.

Construction 336

Construction Inventory Realtors Housing Market 336

Housing Wire

JULY 29, 2021

in June, according to the National Association of Realtors , which tracks the metric. (An An index of 100 is equal to the average level of contract activity during 2001, the first year examined. million in 2022 from 6 million in 2021. The overall pending home sales index fell 1.9% million.). .

Marketing 433

Marketing Buyers Realtors Real Estate 433

Housing Wire

DECEMBER 19, 2022

Also helping buyers is an increase in housing inventory, Ridenour Lindsey said. “It It is hard to tell if more homes are being listed or if things are just sitting a bit longer, but there is definitely more inventory,” she said. Since then, prices have cooled considerably, dropping to a median of $605,000 in August 2022, just 1.0%

Marketing 318

Marketing Inventory Buyers Housing Market 318

Housing Wire

APRIL 28, 2022

For the fifth consecutive month, pending home sales declined in March from February, down 1.2%, signaling a potential return to “much calmer” conditions, according to the National Association of Realtors. by the fourth quarter, resulting in a 2022 mortgage rate average of 4.9%.

Housing Market 326

Housing Market Marketing Contracts Mortgage 326

Raleigh Realty

FEBRUARY 19, 2022

One of the first questions new Realtors have for me is always 'how much money will I make in my first year?' How much commissions you make in your first year as a Realtor will be entirely dependent on you and how much business you're able to generate. What is the average price of sold homes in your area?

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Lamacchia Realty

DECEMBER 28, 2021

The inventory of homes for sale and the number of homes being listed for sale were not nearly enough to satisfy the buyer demand. In fact, our REALTORS had multiple properties that had over 30 offers! Even though the inventory of homes for sale at any given time all year stayed lower than ever, it did not decrease sales overall.

Sellers 74

Sellers Inventory Buyers Realtors 74

The Robert Weiler Company

SEPTEMBER 7, 2022

Data through the first half of 2022 has been tallied on Ohio land for sale. All indicators show an extremely positive trend that will likely continue through the rest of 2022 and beyond. And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. billion).

Marketing 78

Marketing Real Estate Investing Retail 78

Housing Wire

AUGUST 17, 2023

In my previous article about renegotiating your vendor contracts , I talked about taking an inventory of your systems, providers and contracts so you can work with your vendors to get better pricing. But continuous tweaks like this can keep your business on the right path and mean the difference between profit and loss.

Real Estate 254

Real Estate Contracts Tools Training 254

Empire Appraisal Group

JUNE 22, 2022

Florida Realtors economist : In 1Q 2022, half of new Fla. listings went under contract in 12 days – but look beyond that one statistic to see the shift in market speed. ORLANDO, Fla –Florida Realtors market metrics – such as closed sales, median sale price and active inventory – summarize what’s happening in your market.

Marketing 78

Marketing Contracts Realtors Tools 78

Lamacchia Realty

JANUARY 27, 2023

The 2022 Connecticut Year in Review Housing Report breaks down sales, new listings, new pending sales, active inventory, and average price compared to the 2021 market and analyzes what the data means for the current housing market and beyond. In 2022, there were fewer sales in Connecticut than in 2021, down 18.8%

Inventory 52

Inventory Sellers Buyers Real Estate 52

Lamacchia Realty

JANUARY 27, 2023

In this area, there were 2,452 fewer sales in 2022 than there were in 2021 , a 16.4% 2019 – 2022 Home Sales by Month Home sales were down every month in 2022 when compared to 2021, but that isn’t surprising given that 2021 as well as the second half of 2020 exhibited a frenzied post-Covid market. Sales Down 16.4% to $566,391.

Buyers 59

Buyers Sellers Inventory Realty 59

Housing Wire

SEPTEMBER 7, 2023

That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Attorneys, Realtors and clients are a big part of our repeat business.” There will likely be fewer Realtors, the sales volume will be handled by fewer Realtors.

Buyers 370

Buyers Agents Loan Officers Real Estate 370

Housing Wire

JULY 28, 2022

But they do agree on one thing: Higher interest rates will quell housing demand, which will allow inventory to rebound and, eventually, spur the return of reluctant buyers. Lawrence Yun, chief economist for the National Association of Realtors, doesn’t believe raising interest rates by 75 bps will have an effect on mortgage rates.

Housing Market 299

Housing Market Marketing Loan Officers Buyers 299

Empire Appraisal Group

MARCH 16, 2023

Use Data | Florida Realtors Hard Convincing Sellers Not to Overprice? Use Data By Jennifer Warner Florida Realtors economist : Many sellers today plan to overprice their home, but overpricing isn’t new. Houses received multiple strong offers soon after a house went on the market, often going under contract within a matter of days.

Sellers 78

Sellers Inventory Realtors Clients 78

Empire Appraisal Group

FEBRUARY 29, 2024

CHICAGO – Homeowners who decline to use a real estate agent to sell their property are twice as likely to say they weren’t satisfied with the selling experience, according to a new survey from Clever Real Estate of 1,000 home sellers in 2022 and 2023.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Empire Appraisal Group

DECEMBER 14, 2023

Orlando came closest to the national numbers in 2023 and 2022, and while Miami saw a decline in concessions, it was on par with national ones. in 2022 Orlando : 34.3% in 2022 Tampa : 43.1% in 2022 The data is based on sales by Redfin’s agents. in 2022 Orlando : 34.3% in 2022 Tampa : 43.1% Roughly 53,000 U.S.

Sellers 78

Sellers Buyers Agents Contracts 78