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. Second, because people think of home sellers as being locked-in by high interest rates. That’s 15% growth over the pace of 2023.

Inventory 499

Inventory New Listings Sellers Real Estate 499

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. million active listings, but at just 1.28 Home prices ebb and flow, pricing was working in the sense that sellers met homebuyers to a degree. Image by Brandon Johnson/HW Media.). million today. Now fast forward to 2022.

Sellers 498

Sellers Inventory Housing Market New Listings 498

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.

Inventory 392

Inventory New Listings Sellers Contracts 392

Housing Wire

MAY 28, 2024

New listings climbed during the past week and there are now 72,000 more single-family homes on the market. It appeared that new listings might be on the decline already, but the pace picked up a tad this week, which is encouraging. No one wants a scenario in which there’s a flood of sellers but no buyers.

Inventory 511

Inventory New Listings Contracts Sellers 511

Housing Wire

MARCH 6, 2024

Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates. percentage points—sellers take notice. Facing these realities, many would-be sellers decide to stay put. This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings.

Mortgage 381

Mortgage Sellers New Listings Buyers 381

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. 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.

Mortgage 351

Mortgage New Listings Inventory Sellers 351

Housing Wire

MAY 13, 2024

If you need to communicate about the real estate market with buyers and sellers, you should join us. It’s the peak season for buyers and sellers. Inventory in 2023 didn’t really accelerate until mortgage rates approached 8% in the fall. There are more sellers now as rates have stayed higher for longer.

New Listings 402

New Listings Contracts Inventory Sellers 402

Housing Wire

APRIL 27, 2024

Active weekly housing inventory growth slowed slightly last week, but it’s still running at a healthier clip than in 2023. Weekly housing inventory data We’ve now had back-to-back weeks of healthy housing inventory growth and spring 2024 is much healthier than spring 2023. Last year, we never hit that target. 2022: 19.2%

Inventory 495

Inventory Housing Market Marketing New Listings 495

Housing Wire

FEBRUARY 14, 2024

Meanwhile, other homes are lingering on the market for months and driving up the typical age of listings on Zillow to 72 days. To lure more buyers, sellers are coming to terms with the market conditions and are agreeing to apply price cuts to their homes. In January, one in five houses listed on Zillow included a price cut.

New Listings 361

New Listings Sellers Housing Market Buyers 361

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

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. More sellers means more sales can happen.

Inventory 474

Inventory New Listings Sellers Contracts 474

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.

Real Estate 362

Real Estate Buyers Tools Real Estate Agent 362

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 slightly more sellers each week. Currently 32.8%

Real Estate 487

Real Estate Marketing Inventory New Listings 487

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.

New Listings 479

New Listings Inventory Contracts Sellers 479

Housing Wire

OCTOBER 31, 2023

At least, that’s what the data seems to suggest as inventory grows and new listings decline at a less aggressive rate than last year. New listings decline isn’t as steep as a year ago There were only 53,000 new listings (single-family homes) unsold this week, plus 10,000 more new listings that are already in contract.

New Listings 466

New Listings Inventory Contracts Housing Market 466

Housing Wire

FEBRUARY 26, 2024

The average cost of a policy increased 40% in 2023 alone, according to a report by Redfin. Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return. It’s causing buyers to rethink their plans.”

HOA 458

HOA Law Insurance New Listings 458

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. In other words, seller growth continues.

Inventory 441

Inventory Contracts New Listings Sellers 441

Housing Wire

DECEMBER 9, 2023

This happened even with higher home prices and higher mortgage rates in 2023. Naturally, some people thought home prices would crash in 2023 as many market players said prices always follow volume. What happened between June 2022 to June 2023 can be confusing, so if you need more clarity I suggest listening to this podcast.

Mortgage 517

Mortgage Inventory New Listings Sellers 517

Housing Wire

MARCH 2, 2024

Let’s take a look at the inventory data this year to test this premise, since for many months it has been a working theory of mine that new listings data behavior last year marked a bottom and even going into 2024 we should see more sellers. Here is a look at inventory last week: Weekly inventory change (Feb.

Inventory 531

Inventory Mortgage New Listings Housing Market 531

Housing Wire

NOVEMBER 25, 2023

Instead, let’s look at the future: If the 10-year yield can break under 4.34% with some kick from bond buyers, we have an excellent shot at getting under 7%. Most home sellers are buyers, and we want the new listings data to show growth year over year since it appears that we have formed a bottom in 2023.

Inventory 521

Inventory Mortgage New Listings Buyers 521

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.

Insurance 363

Insurance Inventory Marketing Real Estate 363

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. More home sellers are coming back to the market each week. At that time, there were more sellers and more sales.

Inventory 392

Inventory Contracts Sellers New Listings 392

Housing Wire

APRIL 15, 2024

economy continues to be powerfully strong and with each new economic data release, it seems less likely that we’ll see the Federal Reserve cut short-term interest rates any time soon. How will homebuyers and sellers react and how quickly can we measure it? Home prices recovered in 2023 very quickly though. But the U.S.

Inventory 373

Inventory Mortgage New Listings Sellers 373

Housing Wire

DECEMBER 2, 2023

For my 2023 forecast , my range for the 10-year yield was 3.21%-4.25% , which meant mortgage rates between 5.75%-7.25%. One concern with higher mortgage rates was that more sellers — who are traditional buyers — would not list their homes. Mortgage rates and the 10-year yield We are back! Weekly inventory change (Nov.

Mortgage 542

Mortgage Inventory New Listings Sellers 542

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

OCTOBER 3, 2023

As housing inventory builds in the housing market due to waning buyer activity, home prices show little to no signs of letting up. This is an obvious indication of slower buyer demand amid higher interest rates. None of the inventory increase is from a surge of sellers, though. Don’t have time?

Inventory 391

Inventory Sellers Buyers New Listings 391

Housing Wire

SEPTEMBER 13, 2022

Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter. It wasn’t the rate move that caught my attention — it was the new listing data. As you can see below, that sharp move to 6.25% caused new listing data to stall at first.

Mortgage 513

Mortgage Inventory New Listings Sellers 513

Housing Wire

NOVEMBER 5, 2023

Real estate prospecting is a necessary activity for agents aiming to build a robust pipeline of buyer and seller leads. However, it often yields quicker results as it entails direct engagement with potential buyers and existing property owners. It could be next week, it could be next year. Why not join them?

Real Estate 387

Real Estate Tools Real Estate Agent Open Houses 387

Housing Wire

MAY 28, 2023

Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. Here’s a quick rundown of the last week: Active inventory grew 8,914 week to week, even though new listing data is still trending at all-time lows in 2023.

Housing Market 487

Housing Market Mortgage Marketing Inventory 487

Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. However, at the current trend, we will break below the lows in the price cut percentage data that we saw in 2023 in the spring of this year. The bottom has been in March and April in the past few years.

Inventory 536

Inventory Mortgage New Listings Sellers 536

Housing Wire

NOVEMBER 11, 2023

Total housing inventory growth has been slow in 2023, but with rising mortgage rates over the last few months, inventory has grown a bit faster than average. The question now is: Have we hit the seasonal peak in inventory for 2023? That is the critical period for new listing data to grow; remember, most sellers are buyers.

Inventory 442

Inventory New Listings Mortgage Retail 442

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

FEBRUARY 4, 2024

New listings were trending at the lowest levels ever in 2023, but that should not be the case in 2024. New listings were trending at the lowest levels ever in 2023, but that should not be the case in 2024. Here is a look at last week: Weekly inventory change (Jan. But at least it’s positive!

Inventory 493

Inventory Mortgage New Listings Housing Market 493

Housing Wire

FEBRUARY 7, 2024

It’s no secret that 2023 was a difficult year to buy a home. 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. New data from the U.S.

Inventory 383

Inventory Sellers Mortgage Marketing 383

Housing Wire

JANUARY 13, 2024

So let’s hope for more home sellers in 2024. 6-13): Inventory rose from 471,349 to 473,406 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 931,002 I don’t want to jinx this because active inventory rose last year at this time.

Inventory 519

Inventory New Listings Retail Mortgage 519

Housing Wire

DECEMBER 21, 2022

.” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well. Since the credit standards have improved post-2010, we shouldn’t see distressed sellers until a job loss recession happens, even if sales fall noticeably.

Inventory 505

Inventory New Listings Housing Market Sellers 505

Housing Wire

JANUARY 22, 2024

Indianapolis, which had 880,600 residents as of July 2022, offers a very strong and steady real estate market that attracts buyers looking for a more affordable lifestyle. It also boasts a strong labor market, adding 28,500 jobs in November 2023 compared to November 2022, according to data released by the Bureau of Labor Statistics (BLS).

Housing Market 386

Housing Market Marketing Logistics Real Estate 386