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. Here’s how 2024 is shaping up: There are now more listings, more active inventory and more sales than a year ago. But they’re all gaining over last year.

Inventory 441

Inventory Contracts New Listings Sellers 441

Housing Wire

APRIL 29, 2024

The weekly volume of new listings is now higher than at anytime last year. The bearish take is that there are many more sellers than buyers and inventory is rising. The bearish take is that there are many more sellers than buyers and inventory is rising. That’s much more than at any point of 2023. orate further?

Sellers 462

Sellers Marketing Inventory Contracts 462

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. These are very clear trends as we start the new year. 2023 started with recovery, but slowed down in Q3 as mortgage rates hit 8%. There are now 247,000 single family homes in contract.

Real Estate 487

Real Estate Marketing Inventory New Listings 487

Housing Wire

APRIL 22, 2024

We’re rapidly approaching the peak of the market in terms of seller listings, and as inventory builds, the sales rate will peak by the end of June. But when you add a spike in mortgage rates that makes homebuying less affordable, that leads to fewer buyers and inventory grows. There are now 385,000 single-family homes under contract.

Inventory 474

Inventory New Listings Sellers Contracts 474

Housing Wire

APRIL 30, 2024

The weekly volume of new listings is now higher than at anytime last year,” Mike Simonsen, founder and president of Altos Research, wrote on Monday. The bearish take would be to highlight the fact that there are more sellers than buyers, which could lead to a decline in home prices in the near future.

Mortgage 351

Mortgage New Listings Inventory Sellers 351

Housing Wire

MARCH 11, 2024

New listings To watch whether supply and demand might get out of balance with higher mortgage rates, keep an eye on the new listings volume this spring, not just the total inventory. There were 59,000 new listings unsold this week. That’s 15% growth over the pace of 2023. Last week, 30.5%

Inventory 499

Inventory New Listings Sellers Real Estate 499

Housing Wire

MAY 20, 2024

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. This makes buyers even more price-sensitive. There were just under 68,000 new listings unsold this week.

Inventory 392

Inventory New Listings Sellers Contracts 392

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

MAY 6, 2024

But keep in mind that May 2023 was the weakest comparison point in sales pricing. New listings There were 71,000 new, unsold listings of single-family homes across the country this week. These are new listings that are already under contract, so they’re not counted in the active inventory.

Inventory 392

Inventory Contracts Sellers New Listings 392

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. The trade organization projects a 13% increase in existing home sales between 2023 and 2024 for an annualized pace of 4.62

Contracts 445

Contracts Housing Market Construction Inventory 445

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. New listings rise New listings continue to show us that more sellers are interested in this market this year.

Mortgage 481

Mortgage Inventory Sellers New Listings 481

Housing Wire

MARCH 22, 2024

I think one of the major trends we are seeing is that our overall inventory is up 60% year over year compared to 2023,” said PJ Smith, president of the Naples Area Board of Realtors and the broker-owner of Naples Golf to Gulf Real Estate. “We Smith attributes the uptick in inventory to a bump in new listings.

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Insurance Inventory Marketing Real Estate 363

Housing Wire

APRIL 15, 2024

Home prices recovered in 2023 very quickly though. New listings Inventory growth is from a combination of fewer buyers as affordability worsens, but also gradually improving seller volume. There were 66,000 new listings unsold last week plus another 20,000 immediate sales for 86,000 total new listings.

Inventory 373

Inventory Mortgage New Listings Sellers 373

Housing Wire

FEBRUARY 26, 2024

Last year at this time, we were seeing surprising home buyer demand with rates having fallen to the low 6s. Each week, there are more new listings than a year ago, allowing inventory to build and eventually leading to more home sales this year than last. And sure enough the number of new contracts started this week dipped.

Sellers 401

Sellers Inventory New Listings Contracts 401

Housing Wire

MARCH 18, 2024

Lower rates mean more buyer competition and less unsold inventory. New listings Last week, 59,000 new single-family listings came to market. New listings volume continues to run ahead of last year and we see more sellers than last year. This is a pivotal time for measuring buyer demand.

Inventory 384

Inventory New Listings Sellers Contracts 384

Housing Wire

AUGUST 7, 2023

Higher mortgage rates mean higher monthly payments, less affordability for home buyers and slightly fewer transactions. It started curving down, but in September the buyers stopped and inventory surged. It was that jump that stopped any buyers cold — the moment of change where people stopped buying.

Inventory 282

Inventory New Listings Contracts Buyers 282

Housing Wire

SEPTEMBER 7, 2023

Rising mortgage rates mean rising inventory as home buyer demand slows quickly. Supply of homes on the market does not appear to have reached the peak for 2023. Mortgage rates have been rising, making homes more expensive to buyers and obviously slowing demand. There are only 358,000 single family homes in contract pending now.

Contracts 402

Contracts Inventory Buyers New Listings 402

Housing Wire

SEPTEMBER 26, 2023

This is a demand-driven slowdown, because new listings supply is still running 9% to 10% fewer homes for sale each week than this time last year. We’re seeing fewer new sellers each week, but inventory is building as homebuyers wait to see if mortgage rates will come down to make purchases more affordable. from last week.

Inventory 481

Inventory Contracts New Listings Mortgage 481

Housing Wire

NOVEMBER 28, 2023

home prices continued their rally in September 2023,” Craig Lazzara, managing director at S&P DJI , said in a statement.“Our in September, marking eight consecutive monthly gains since prices bottomed in January 2023. Simultaneously, new listing volume is up at the end of November, which might cool home prices down.

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New Listings Contracts Inventory Sellers 327

Housing Wire

MARCH 6, 2024

The spring homebuying season, which got underway a bit earlier than usual, was off to a good start in districts like New York and Dallas. The benchmark rate was last changed in July 2023, when it was raised to a range of 5.25% to 5.5%. Most expect their pipeline of contracts to keep construction busy through the year.

Mortgage 346

Mortgage Real Estate Inventory Construction 346

Housing Wire

NOVEMBER 21, 2023

Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. At the same time, existing inventory has likely already bottomed out and new listings are keeping steady despite normal seasonal declines. All four U.S.

Inventory 377

Inventory Realtors New Listings Contracts 377

Housing Wire

AUGUST 1, 2023

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. The number of buyers has been surprising. After the mortgage rate spike in September 2022, we got significantly more bearish on home prices for 2023.

Inventory 341

Inventory Contracts Buyers Mortgage 341

Housing Wire

SEPTEMBER 19, 2023

It’s not unusual for a little jump in new listings in September. Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still. This change in buyer expectations is adding to the slowness right now. Last year, that new sales rate was plummeting each week.

Housing Market 405

Housing Market Marketing Inventory New Listings 405

Housing Wire

JANUARY 20, 2023

Outside of that time period, everything else from 1982 to 2023 was normal. From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. During that period, we saw new listing data decline.

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Inventory Housing Market New Listings Marketing 536

Housing Wire

JULY 24, 2023

It’s now obvious to everyone that home prices have held up in 2023 because demand has exceeded the very limited supply of homes to buy. 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 285

Inventory Contracts New Listings Buyers 285

Housing Wire

JULY 17, 2023

housing market could have a soft landing in 2023. By October 2022, it looked like 2023 would have rising inventory and falling home prices. But since January, home buyers have defied all expectations. Sellers have not materialized, and buyers have been buying everything that becomes available. I grew pretty bearish again.

Real Estate 283

Real Estate Marketing Inventory Contracts 283

Housing Wire

APRIL 26, 2023

Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. Prices are still expensive, forcing buyers to look at less expensive homes or areas not as preferred. Meanwhile, the peak for 2023 so far is 472,680.

Mortgage 383

Mortgage Loan Officers New Listings Government 383

Housing Wire

SEPTEMBER 12, 2023

The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. So, the author tried to use new construction prices from back in April to describe the whole U.S. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers.

Contracts 363

Contracts Inventory Housing Market Buyers 363

Lamacchia Realty

JANUARY 25, 2024

2023 was a notable year in real estate history, but if we had to put our finger on what stood out, it was how the number of homes listed was the lowest in over two decades. It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. Average prices for closed sales increased by 3.4%

Inventory 69

Inventory Sellers Contracts Buyers 69

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. 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. This is a positive for housing in 2024 as most sellers are buyers.

Housing Market 405

Housing Market Inventory Contracts Marketing 405

Housing Wire

AUGUST 21, 2023

Buyers in this real estate market notice these affordability changes, and so we can see in the data fewer home purchase offers, slightly climbing unsold inventory, and slightly more price reductions for the homes that are on the market. And every uptick in mortgage rates leads to a downtick in the number of home buyers in the market.

Inventory 369

Inventory Contracts Buyers Sellers 369

Housing Wire

MARCH 26, 2023

Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In my 2023 forecast, I said that if the economy stays firm, the 10-year yield range should be between 3.21% and 4.25% , equating to 5.75% to 7.25% mortgage rates.

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Inventory Housing Market Marketing Mortgage 434

Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Sales in New Hampshire declined by 18.9%

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Inventory Sellers Buyers Contracts 52

Housing Wire

FEBRUARY 28, 2024

PRO TIP: If you want scroll-stopping hooks and educational content like this without the writer’s block, check out the marketing company who wrote it: Coffee & Contracts. Visit Coffee & Contracts 3. So if you want to actually generate leads from social media, focus on telling stories that resonate with local buyers and sellers.

Real Estate 397

Real Estate Marketing Tools Contracts 397

Lamacchia Realty

JANUARY 25, 2024

In 2023, the Rhode Island real estate landscape underwent significant changes. A standout element was the unprecedented low number of homes listed ; a trend not observed in over two decades. reduction in sales, leaving prospective buyers eager to make a move. reduction in sales, leaving prospective buyers eager to make a move.

Inventory 57

Inventory Sellers Buyers Real Estate 57

Lamacchia Realty

JANUARY 25, 2024

2023 stood out as a significant year in Connecticut real estate. The most notable aspect was the record- low number of homes listed , a trend not witnessed in over two decades. Despite the necessity of a market adjustment, the process can be painful, and 2023 was most certainly not comfortable for anyone involved.

Inventory 52

Inventory Sellers Buyers Contracts 52

Lamacchia Realty

JANUARY 30, 2024

2023 marked a significant chapter in real estate history, on the state level in Maine as well as nationally. If we were to pinpoint the standout factor, it would be the remarkably low number of homes listed, the lowest in over two decades. 2023 Real Estate Performance Highlights The number of homes sold decreased by 18.9%

Inventory 54

Inventory Sellers Buyers Contracts 54