Housing Wire

DECEMBER 16, 2022

After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. 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 460

Buyers Realtors Inventory Sellers 460

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.

New Listings 389

New Listings Realtors Real Estate Inventory 389

Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. What’s happening with inventory? Normally by this point in September, available inventory is declining slightly each week.

Inventory 481

Inventory Contracts New Listings Mortgage 481

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.

Real Estate 449

Real Estate Inventory Sellers Realtors 449

Housing Wire

NOVEMBER 30, 2023

If you’re exploring a real estate career in Akron, Cincinnati, Cleveland, Columbus, Toledo, or any other city in the Buckeye State, then your first step is to choose from the many real estate classes in Ohio to complete the 120 hours of approved pre-licensing education that the state requires.

Real Estate 362

Real Estate Real Estate Agent Law Inspection 362

Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

Inventory 488

Inventory Housing Market Realtors Mortgage 488

Housing Wire

SEPTEMBER 14, 2023

Over one-third (34%) of prospective buyers have yet to purchase a home because there are not enough homes for sale in their budget, according to a new survey from the National Association of Realtors. The Realtor survey was sent out in late July to 55,751 randomly-selected residential Realtors.

Buyers 388

Buyers Inventory Realtors Finance 388

Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The real estate market As of Jan. 10, 2023. “The 19, down from 54.79% on Nov.

Housing Market 381

Housing Market Marketing Logistics Real Estate 381

Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

Mortgage 417

Mortgage Real Estate Agent Inventory Housing Market 417

Housing Wire

MAY 15, 2024

The National Association of Realtors , via its Seasonally Adjusted Annual Rate of Existing Home Sales series, reported that the peak home sales volume of 6.6 million by October of 2023 (when rates crossed over 8%). million fewer home sales between March 2022 and December 2023. The lower rates go, the fewer home sellers we have.

Mortgage 361

Mortgage New Listings Inventory Sellers 361

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.

Realtors 297

Realtors Agents Inventory Modernization 297

Housing Wire

APRIL 18, 2024

million in February, according to a report released Thursday by the National Association of Realtors (NAR). The inventory of existing homes has been steadily increasing, despite elevated mortgage rates. At the end of March, total housing inventory sat at 1.11 Meanwhile, unsold inventory sat at a 3.2-month

Inventory 334

Inventory Real Estate Agent Sellers Buyers 334

Housing Wire

JANUARY 29, 2024

In 2023, elevated mortgage rates froze sales of existing homes , which slid to their lowest pace since 1995. In 2023, only 4.09 million existing homes were sold, according to the National Association of Realtors. High rates further exacerbated the national inventory shortage and contributed to the surge in home prices.

Mortgage 414

Mortgage Inventory Investors New Listings 414

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 341

Mortgage Real Estate Inventory Construction 341

Housing Wire

DECEMBER 13, 2022

The National Association of Realtors predicts there will be 4.78 million existing home sales in 2023, down 6.8% Lawrence Yun, the trade organization’s chief economist, announced this prediction on Tuesday during NAR’s fourth annual year-end Real Estate Forecast Summit. from the 5.13 to $384,500. annual increase in 2022.

Realtors 399

Realtors Mortgage Housing Market Real Estate 399

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 We were up year over year in inventory , but we were at a 25 year low on new listings.” in mid-January 2024. as of February 29, 2024.

Housing Market 390

Housing Market Marketing Inventory Construction 390

Housing Wire

MARCH 21, 2024

million, up from 4 million in January, according to a report released Thursday by the National Association of Realtors (NAR). million units in February 2023. The inventory of existing homes has been steadily increasing, despite elevated mortgage rates. Existing home sales rose 9.5% Year over year, sales dipped 3.3%, down from 4.53

Inventory 398

Inventory Realtors Marketing Mortgage 398

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Adjusting to a “new normal”.

Renovations 372

Renovations Realtors Construction Mortgage 372

Housing Wire

APRIL 19, 2024

from February to March, according to a report released Friday by the Pennsylvania Association of Realtors (PAR). On a year-over-year basis, sales were down 10.5%, but the 8,790 transactions that closed last month were a positive sign for real estate professionals in the Keystone State. “We Home sales in Pennsylvania jumped 23.6%

Realtors 295

Realtors Inventory Real Estate Sellers 295

Housing Wire

MAY 14, 2024

But local real estate professionals would beg to differ. In March, first-time buyers were responsible for 32% of sales, up from 26% in February and 28% a year prior, according to data from the National Association of Realtors. With a 90-day average median list price of $4.3 There really isn’t a sense of urgency in the market.

Buyers 354

Buyers Inventory Landlords Real Estate 354

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . About 70% of Prosperity’s production comes from affiliate realtors.

Mortgage 342

Mortgage Real Estate Real Estate Agent Realtors 342

Housing Wire

MAY 8, 2024

Robert Reffkin is confident that Compass and its agents have what it takes to continue growing and succeeding in the changing real estate environment. “In million net loss reported in Q1 2023. million, compared to Q1 2023’s free cash-flow loss of $59 million. First, more buyers are using agents in 2023 than in 2003.

Agents 330

Agents Brokerage Real Estate Clients 330

Housing Wire

JANUARY 26, 2024

We’ve all heard the news: over 60,000 real estate agents left the profession in the first half of 2023. Whether you’re newly licensed or an experienced agent who had a productive year — if you’re looking for a change, it’s likely you’ve started receiving emails, letters, and phone calls from all kinds of real estate firms.

Real Estate 371

Real Estate Brokerage Agents Real Estate Agent 371

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. in January.

Inventory 339

Inventory Buyers Housing Market Contracts 339

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 monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis.

Realtors 403

Realtors Buyers Inventory Sellers 403

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

Inventory 312

Inventory Marketing Business Buyers 312

Housing Wire

OCTOBER 26, 2023

in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” in 2023, reaching an annual rate of 670,000. in September.

Inventory 349

Inventory Contracts Housing Market Realtors 349

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. Housing inventory fell 1.7% Meanwhile, unsold inventory sat at a 3.5-month million home sales nationally by the end of 2023. million. “The

Inventory 360

Inventory Housing Market Realtors Buyers 360

Housing Wire

MARCH 6, 2023

He was cautiously optimistic for a better 2023. With the industry cooling down slower than expected, LOs are having to work harder and get creative to overcome the double whammy of surging rates and a lack of inventory. Monson had hoped for a “spring rush,” but recently, somebody turned the spigot back off.

Loan Officers 360

Loan Officers Inventory Real Estate Agent Buyers 360

Housing Wire

MARCH 29, 2024

But like the temperatures, which are far from the triple-digit figures the residents of the Texas state capital will see in the coming months, local real estate professionals say that even though the market is warming up, it is nowhere near the frenzy at the height of the COVID-19 pandemic.

Housing Market 348

Housing Market Agents Marketing Inventory 348

Housing Wire

MARCH 21, 2024

Will this mark the high point for sales this year like it did in 2023? When mortgage rates headed lower at the end of 2022 into 2023, we had 12 weeks of positive weekly purchase application data. million in February 2023). million in February 2023). That filtered itself into one massive report in March.

Inventory 446

Inventory Housing Market Mortgage Marketing 446

Housing Wire

NOVEMBER 1, 2023

While the industry has yet to find out what Judge Stephen Bough’s injunction will say and the three defendants, the National Association of Realtors , Keller Williams and HomeServices of America , have vowed to appeal the decision, Barton believes his firm will thrive regardless the outcome.

Real Estate 418

Real Estate Advertising Agents Realtors 418

Housing Wire

DECEMBER 10, 2023

Housing inventory is near all-time lows, but big institutional investors like Invitation Homes or BlackRock aren’t to blame. 2023 has seen its share of crazy housing myths ( Airbnb crash anyone?) 2023 has seen its share of crazy housing myths ( Airbnb crash anyone?), The answer is no — not even close.

Investors 517

Investors Inventory Buyers Real Estate 517

Housing Wire

APRIL 17, 2024

Expect 2024 to be mildly better than 2023 with mortgage rates falling in the second half of the year, housing experts opined in their forecasts at the end of the year. It is unsurprising, then, that real estate stocks have suffered since the FOMC’s March meeting and the recent job and inflation reports.

Mortgage 446

Mortgage Brokerage Real Estate Tenants 446

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%

Mortgage 409

Mortgage Housing Market Buyers Sellers 409

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. in 2023 and 5.6% year over year in 2023 to 1.44 million for all of 2023.

Inventory 382

Inventory Realtors Contracts Construction 382