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 There is also some pent-up desire to sell being released by a steadier interest rate environment and an overall slower market. From 2022 to 2023 alone, rates rose 15%.

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Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

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Housing Wire

FEBRUARY 24, 2023

New home sales started off 2023 on a positive note, rising 7.2% January marked a surge of people signing contracts to buy new homes. The uptick in the sales pace resulted in just 439,000 new homes remaining on the market at the end of the month, representing 7.9 months of supply at the current sales pace, down from 8.7

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Housing Wire

NOVEMBER 2, 2023

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. Below, we evaluated several platforms to find the top eight lead generation providers agents can buy real estate leads from in 2023.

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Real Estate Real Estate Agent Tools Agents 345

Housing Wire

JANUARY 8, 2024

Based on the trends we can see after the start of the year, I’ll project 2024 will see about 15% home sales growth over 2023. 2023 started with recovery, but slowed down in Q3 as mortgage rates hit 8%. Could the housing market change and slow again in 2024? The data does not show any slowing on any of the active market metrics.

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Real Estate Marketing Inventory New Listings 487

Housing Wire

MAY 28, 2024

It’s the end of May and unsold inventory on the market is increasing across the U.S. Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. real estate market at the end of May 2024.

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Inventory New Listings Contracts Sellers 511

Housing Wire

NOVEMBER 29, 2023

In the ever-competitive real estate market, creating a consistent flow of real estate buyer leads is strategy for success. But beyond first-timers, we’ll show you how to attract real estate buyers of all kinds through a multi-tiered marketing approach that boosts both your visibility and credibility with potential buyers.

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Real Estate Buyers Tools Real Estate Agent 362

Housing Wire

FEBRUARY 28, 2024

If you’re struggling to market your business on social media, or worse, haven’t even started yet, you might be in for a rude awakening in 2024. Prioritize reputation over reach The key to successful social media marketing is to build meaningful connections with people in your farm area who want to buy or sell real estate.

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Real Estate Marketing Tools Contracts 397

Housing Wire

JANUARY 25, 2023

As mortgage rates continue to decline, Chad Earnest’s mantra with his referral partners in 2023 is “no buyer left behind.” He makes co-marketing investments and helps partners with their databases by looking for any missed opportunity in the market. The primary focus is on borrowers who may be credit-challenged.

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Buyers Mortgage Real Estate Agent Contracts 467

Housing Wire

OCTOBER 18, 2022

Homebuilder confidence continued its downward spiral in October, hitting its lowest level since August 2012, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Tuesday. Three other indices monitored by the NAHB also posted declines in October.

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Housing Wire

MAY 13, 2024

hits peak homebuying season, the signals across the country are mixed at best as some markets are accelerating while others are slowing quickly. 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.

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New Listings Contracts Inventory Sellers 402

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. January sales reflect purchase contracts made in November or December, and there is evidence that in many markets, the housing market has bottomed out and buyers are beginning to return to the market.”

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Inventory Buyers Housing Market Contracts 343

Housing Wire

MARCH 13, 2024

The DOJ’s statement was in relation to the settlement agreement reached between the Nosalek plaintiffs and MLS PIN in July 2023. Since the initial filing, the plaintiffs and MLS PIN have filed two amended agreements in order to appease the DOJ, which first became involved in the suit in early October 2023.

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Housing Wire

JANUARY 22, 2024

For several weeks, I’ve been reporting data that shows the housing market growing in 2024. Those metrics, specifically the pace of new listings and new sales contracts, slowed this week. New listings and new contracts both still show a bit of improvement over 2023, but the growth rates have slid back down.

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Real Estate New Listings Contracts Inventory 387

Housing Wire

DECEMBER 23, 2022

This article is part of our 2022-23 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. at the end of 2022.

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Housing Market Marketing Inventory Buyers 353

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. The froth is out of the market.

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Real Estate Marketing Inventory Contracts 283

Housing Wire

MARCH 28, 2023

2023 began as 2022 had ended, with U.S. Buyers in the market still find themselves competing over relatively few homes for sale, a fact which continues to prop up home prices,” Lisa Sturtevant, the chief economist at BrightMLS , said in a statement. The annual growth rate in December was 4.4%. in January. to a reading of 109.07.

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Housing Wire

MARCH 27, 2023

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. According to Redfin’s analysis, Austin, Texas has experienced the most rapidly cooling housing market in the nation over the last year.

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Housing Wire

SEPTEMBER 19, 2023

This is alarming because this was the moment last year when the market turned south. Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still. This “higher for longer” conventional wisdom is working its way through the housing market. It’s a pretty abrupt change.

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Housing Market Marketing Inventory New Listings 405

Housing Wire

MAY 6, 2024

Inventory increases aren’t occurring at a super fast pace, but the number of homes on the market across the country keeps expanding. But keep in mind that May 2023 was the weakest comparison point in sales pricing. The good news for the housing market is that the pace of sales is gradually improving due to the expanded supply.

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Inventory Contracts Sellers New Listings 392

Housing Wire

APRIL 8, 2024

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. We’re slowly emerging from a supply-constrained market. Sales in 2023 were held back because there were not enough homes to buy. But they’re all gaining over last year.

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Inventory Contracts New Listings Sellers 441

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. We’ll reach out to those loan officers in markets where we have existing retail branch locations. The goal is to expand its overall market share to 1% this year from 0.6%.

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Loan Officers Marketing Retail Renovations 333

Housing Wire

DECEMBER 20, 2022

Economists believe that if the trend continues, the market will be able to improve in the second half of 2023. . “The latest data on the housing market show that homebuilders are pulling back the pace of new construction in response to low levels of traffic, and we expect this weakness in demand will persist in 2023, as the U.S.

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Mortgage Housing Market Retail Contracts 403

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. ” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) But the housing market in the second half of 2022? A mortgage rate lockdown freezes the housing market.

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Housing Market Marketing Real Estate Agent Real Estate 490

Housing Wire

DECEMBER 13, 2022

As brokers and LOs close out a challenging year and set their sights on 2023, it could be tempting to take a pessimistic view. However, there are actionable steps and strategies they can take to ensure 2023 is as profitable as possible. There are lenders who are well-capitalized and prepared for this market.

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Clients Technology Real Estate Agent Business 365

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. NAR’s Pending Home Sales Index (PHSI) increased to 77.3

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Contracts Housing Market Construction Inventory 445

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. It is keeping the pressure on buyers to shop wisely,” Kent Redding, a local Berkshire Hathaway Home Services agent, said.

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Housing Market Marketing Inventory Buyers 344

Housing Wire

MAY 22, 2024

As you can see below, even though home prices rose in 2023, the median sales price showed negative year-over-year growth in April, May and June of last year. As you can see above, starting in September of 2023, we saw steady year-over-year price growth increases in the data, making the year-over-year price comps harder this year.

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Inventory New Listings Housing Market Contracts 449

Housing Wire

MARCH 25, 2024

The Fed met last week and we escaped dramatic changes in the markets. There are now 513,000 single family homes unsold on the market. We’ll finish the year with over 600,000 homes on the market unless rates reverse and fall quickly. We currently have 24% more homes on the market than a year ago. Now it’s on the rise.

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New Listings Inventory Contracts Sellers 479

Housing Wire

FEBRUARY 20, 2024

Even as money is more expensive and there are more sellers than a year ago, we can also see slight home sales growth over 2023. Dramatically few home sales was the story of 2023. The housing market data has been changing very rapidly this year. Inventory is back at 2019 levels in many of these markets.

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Mortgage Inventory Sellers New Listings 481

Sacramento Appraisal Blog

JANUARY 16, 2023

How are appraisers handling concessions to the buyer? Could a seller credit damage the chance of appraising at the purchase contract? These questions weren’t asked a year ago, but welcome to the 2023 housing market. The post How are appraisers handling concessions?

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Appraisal Contracts Real Estate Housing Market 341

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. More home sales are happening, but we can also see — once adjusted for seasonal patterns — that sales should be much higher now if a real market recovery were underway.

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Inventory New Listings Sellers Contracts 474

Housing Wire

MARCH 11, 2024

The suspicion was that there were a bunch of sellers who were waiting to sell: Once rates fell these sellers would come rushing back to this real estate market and we’d finally see inventory grow. Inventory stats Looking at last week’s numbers: There are now just over 500,000 single family homes on the market in the U.S.

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Inventory New Listings Sellers Real Estate 499

Housing Wire

OCTOBER 31, 2023

As a result, there may be a light at the end of the tunnel in this crazy market cycle. 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. This has been a supply-constrained market, and it’s not just a demand thing.

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New Listings Inventory Contracts Housing Market 466

Housing Wire

SEPTEMBER 7, 2023

Rising mortgage rates mean rising inventory as home buyer demand slows quickly. Most years, available inventory of unsold homes on the market peaks in August. Supply of homes on the market does not appear to have reached the peak for 2023. There are 8% fewer homes on the market now than last year at this time.

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Contracts Inventory Buyers New Listings 402

Housing Wire

MAY 2, 2024

The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market. Treasury market — jumping to as high as 121 in mid-April after ending March near 85.

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Marketing Mortgage Investors Sellers 361

Housing Wire

APRIL 30, 2024

Mortgage rates inched higher last week ahead of the Federal Reserve ’s Federal Open Markets Committee on Wednesday and the national jobs report on Friday. As of April 26, there were 556,000 single-family homes on the market, up 2.4% About 13,000 additional properties were added to the market during the previous week.

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Mortgage New Listings Inventory Sellers 351