Housing Wire

NOVEMBER 13, 2023

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers.

Real Estate Agent 346

Real Estate Agent Real Estate Agents Sellers 346

Housing Wire

MARCH 29, 2024

It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. The market is still strong,” said Wendy Cash, a broker at Austin area-based Century 21 Hellmann Stribling. Buyers are still buying and sellers are still selling.

Housing Market 350

Housing Market Agents Marketing Inventory 350

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We In mid-June 2023, the statewide 90-day average Altos Market Action Index score hit a high for year of 53.99, before sliding down to a trough of 40.03

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Housing Market Marketing Inventory Construction 391

Housing Wire

APRIL 3, 2024

Millennials replaced baby boomers as the largest group of homebuyers in 2023. Notably, 32% of all buyers in 2023 were first-timers (up from 26% in the prior year), with millennials comprising 75% of this demographic. Similarly, sellers showed a high likelihood of reusing or referring their agents.

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Marketing Buyers Sellers Realtors 501

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

MARCH 13, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Given the current market, my business is at least about 60% renters and the other 30% to 40% is buyers and sellers,” Tsai said. But, home prices were still up over 15% year over year, ac-cording to Redfin.

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Housing Market Marketing Tenants Buyers 334

Housing Wire

SEPTEMBER 19, 2023

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. of the homes on the market have taken a price cut recently from their original list price. Up to 36.6%

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Housing Market Marketing Inventory New Listings 401

Housing Wire

FEBRUARY 22, 2024

The housing market in the state of Florida saw higher median home prices, more real estate listings and a higher number of active listings during the month of January, according to data released Thursday by Florida Realtors , a state-based trade organization for real estate professionals. from January 2023.

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New Listings Realtors Real Estate Inventory 390

Housing Wire

NOVEMBER 30, 2023

Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year. Here’s what homebuyers and sellers can expect in 2024, according to Bright MLS: Mortgage rates will fall, ranging between 6% and 6.5% million, up 12% from 2023’s 4.1

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Buyers Housing Market Sellers Inventory 428

Housing Wire

MAY 15, 2024

housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. That’s a swing of 17% fewer sellers in just a matter of days. million by October of 2023 (when rates crossed over 8%).

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Mortgage New Listings Inventory Sellers 363

Housing Wire

DECEMBER 14, 2022

Growing concerns of a recession, led by the Federal Reserve ’s continued interest rate hikes next year, will prompt mortgage rates to trend lower in 2023, according to numerous experts. by the end of 2023, according to fresh projections, up from an estimate of 3.9% by the end of 2023, dropping slightly from the projected 7.5%

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Mortgage Housing Market Buyers Sellers 410

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. The mortgage market is projected to slip further to $1.3 trillion in 2023, according to the government-sponsored enterprise. million in 2023.

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Contracts Modernization Housing Market Mortgage 414

Housing Wire

MAY 29, 2024

The National Association of Realtors (NAR) reported that it had 1,509,195 members at the end of April, a decline of 2.96% from the 1,554,604 members it had at the end of 2023 but higher than its numbers in February and March. You can find more information in our recent update in Realtor Magazine.“ How many is unclear.

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Realtors Agents Inventory Modernization 298

Housing Wire

DECEMBER 20, 2023

While sales are still tracking below last year’s levels, the gap between 2022 and 2023 has narrowed considerably. million, according to the National Association of Realtors. Sales were subdued in 2023 because of high mortgage rates and a lack of inventory Overall, Lisa Sturtevant, chief economist at Bright MLS, expects to see 4.1

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Inventory Housing Market Realtors Buyers 361

Cleveland Appraisal Blog

JANUARY 5, 2023

Welcome to 2023! We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. What are housing prices going to do in the spring? Let’s talk about it.

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Housing Market Marketing Appraisal Inventory 369

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). In 2023, new-home sales are up 5% year to date, Yun said.

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Real Estate Inventory Sellers Realtors 449

Housing Wire

APRIL 17, 2024

The spring home-buying season got off to a slow start in California , where sales of single-family homes declined from February to March, according to a report released Wednesday by the California Association of Realtors (CAR). in first-quarter 2024 compared to Q1 2023. From 2018 through 2023, effective rates jumped by 33.8%

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Insurance Housing Market Realtors Inventory 366

Housing Wire

APRIL 12, 2023

Industry players are largely pessimistic about the economic climate and expect interest rates to trend up in the near term future, according to the HousingWire Q2 2023 LenderPulse survey. Economic and Housing Market Outlook Amid the Federal Reserve ‘s efforts to tame inflation, 44.5% Of the 155 completed surveys, 32.3%

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Mortgage Marketing Loan Officers Real Estate Agent 297

Housing Wire

MAY 14, 2024

The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025. “We We found that buyers stepping into the 2024 housing market have much to learn from previous shoppers,” the report stated. More than 80% of recent buyers asked for at least one seller concession.

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Real Estate Agent Agents Real Estate Buyers 452

Housing Wire

APRIL 18, 2024

million in February, according to a report released Thursday by the National Association of Realtors (NAR). At the end of March, total housing inventory sat at 1.11 months in March 2023. As of April 12, there were 526,000 active single-family listings on the market, up 2.6% Existing home sales receded by 4.3%

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Inventory Real Estate Agent Sellers Buyers 336

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. After the series wraps, join us on May 30th for the HW+ Virtual 2023 Forecast Event. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

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Realtors Buyers Inventory Sellers 404

Lamacchia Realty

JANUARY 11, 2024

has released their “Top Producing REALTORS®,” for all of 2023! This program recognizes the Top 10 REALTORS® out of the over 500 agents in Lamacchia Realty by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the year! Lamacchia Realty, Inc.

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Realtors Realty Real Estate Agents 66

Housing Wire

MAY 7, 2024

Redfin showcased pockets of growth in the first quarter of 2024 despite challenging housing market conditions. million, an increase of 5% compared to the first quarter of 2023. million in Q1 2023 and well above its $23 million loss in Q4 2023. The brokerage posted revenue of $225.5

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Marketing Brokerage Advertising Agents 323

Lamacchia Realty

OCTOBER 11, 2023

has released its “Top Producing REALTORS®,” for September 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Most recently, Amy was named in the Boston Agent Magazine’s 2023 Who’s Who list !

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Realtors Realty Real Estate Clients 74

Housing Wire

APRIL 19, 2024

from February to March, according to a report released Friday by the Pennsylvania Association of Realtors (PAR). This spring represents a window of opportunity for buyers and sellers who want to enter the market.” Data released Thursday by the National Association of Realtors (NAR) revealed a 4.3% decline in U.S.

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Realtors Inventory Real Estate Sellers 297

Lamacchia Realty

SEPTEMBER 7, 2023

has released its “Top Producing REALTORS®,” for August 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Most recently, Eileen was ranked on the 2023 RealTrends America’s Best Real Estate Professionals list!

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Realty Realtors Real Estate Clients 74

Housing Wire

JANUARY 19, 2023

Declining mortgage rates spurred the demand for home loans at the beginning of 2023, spreading optimism across the industry. After months of a slowing housing market, sellers are offering more discounts to close deals and mortgage lenders are launching programs to protect their clients’ rates.

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Mortgage Sellers Housing Market Buyers 376

Lamacchia Realty

JULY 7, 2023

has released its “Top Producing REALTORS®,” for June 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Most recently, Kevin was ranked on the 2023 Real Trends America’s Best Real Estate Professionals list.

Realtors 74

Realtors Realty Real Estate Clients 74

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 According to an analysis by S&P Global , between 2018 and 2023, homeowners insurance rates in Florida have jumped by 43.2%. From 2022 to 2023 alone, rates rose 15%.

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Insurance Inventory Marketing Real Estate 359

Housing Wire

APRIL 18, 2024

This is a byproduct of the qualified mortgage rule of 2010, which has been a game-changer not only for the housing market but for the overall U.S. This scenario is similar to 2023 when rates fell. NAR: Total housing inventory registered at the end of March was 1.11 This is never a good thing for housing.

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Inventory Housing Market New Listings Buyers 470

Lamacchia Realty

AUGUST 9, 2023

has released its “Top Producing REALTORS®,” for July 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Most recently, Shauna was ranked on the 2023 RealTrends America’s Best Real Estate Professionals list.

Realtors 63

Realtors Realty Real Estate Clients 63

Housing Wire

JANUARY 24, 2024

Limited housing supply and a continuation of high home prices in many markets nationwide in 2023 restricted many first-time homebuyers from entering the housing market and finding their dream homes. nationally since 2004, according to an analysis of industry financial statements.

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Insurance Sellers Buyers Housing Market 421

Lamacchia Realty

JANUARY 3, 2024

Amy Wallick Discusses 2024 Housing Market on NBC News Boston Amy Wallick was recently featured on an NBC News Boston segment, where she discusses what we can expect in 2024 for the housing market.

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Housing Market Marketing Realtors Realty 58

Appraisal Buzz

MARCH 28, 2024

compared with February 2023, according to the National Association of Realtors (NAR). Affordability constraints and still-low inventory levels will continue to dampen housing market potential,” adds Odeta Kushi, deputy chief economist for First American , in a statement. Pending home sales increased 1.6%

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Inventory Housing Market Contracts Realtors 195

Housing Wire

OCTOBER 3, 2023

As the commission lawsuits heat up, real estate brokers are gearing up to add buyer representation agreements and training, cut costs and hone value propositions, according to RealTrends Q4 2023 BrokerPulse survey. Some 22% said they were pessimistic, compared with 14% in the Q3 2023 survey.

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Real Estate Brokerage Agents Training 332

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. Better buyer and seller presentations to break down payment to a more granular level,” was one agent’s response. Always will too,” one wrote.

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Agents Realtors Clients Real Estate Agent 329

Housing Wire

JANUARY 20, 2023

million, according to a report from the National Association of Realtors (NAR) released Friday. The housing market may have started 2022 out with a bang, but it exited the year with a whimper,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. “The from November to a pace of 4.02 A total of 5.03 year over year.

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Inventory Housing Market Realtors Buyers 335