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. Overall, the Midwest, the Great Lakes and the South regions will get a lot of attention in 2024, according to Zillow ’s study.

Housing Market 386

Housing Market Marketing Logistics Real Estate 386

Housing Wire

APRIL 25, 2024

While DeRoussel’s experience sounds exactly like many of the stories that emerged from the pandemic-fueled homebuying frenzy of 2020 and 2021, this happened just a few weeks ago in early April 2024. “It It is extremely competitive,” DeRoussel said of the Cincinnati housing market. “We Buyers are really struggling.”

Buyers 374

Buyers Marketing Inventory Investors 374

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 Total inventory data is deficient, and this was my biggest fear in the years 2020-2024, and it happened. This level is still within my 2022 forecast sales range between 5.74 million and 6.16 million level.

Housing Market 540

Housing Market Marketing Inventory Sellers 540

Housing Wire

MAY 21, 2021

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. housing market for 2020 to 2024 is that home prices could escalate to an unhealthy level. The post Existing home sales data: A bad sign for housing market?

Housing Market 540

Housing Market Marketing Inventory Realtors 540

Housing Wire

DECEMBER 13, 2023

Among all the experts’ forecasts for 2024, there is no number more tightly watched than mortgage rates, as those rates will undoubtedly impact sales, prices and construction as well. Mortgage rates The experts unanimously foresee lower mortgage rates in 2024, although none expect rates to fall below 6%. million to 5.07

Inventory 457

Inventory Construction Mortgage Buyers 457

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 353

Housing Market Agents Marketing Inventory 353

Housing Wire

APRIL 22, 2021

According to the National Association of Realtors, March’s existing-home sales came in at 6.01 For the housing market, the COVID crisis started in earnest the week of March 23, as that is the last week we saw positive year-over-year data in 2020 before COVID-19 really took us for a ride. From NAR: My biggest fear for the U.S.

Housing Market 538

Housing Market Marketing Realtors Inventory 538

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. The real story in housing has been the price boom that we have seen since 2020. million and 1.93 I use the 1.52-1.93

Housing Market 514

Housing Market Marketing Inventory Realtors 514

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. The survey also delved into the use of real estate agents.

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Real Estate Agent Agents Real Estate Buyers 453

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). 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. Pending home sales rose 8.3% in November.

Contracts 445

Contracts Housing Market Construction Inventory 445

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

JUNE 21, 2022

The housing nightmare continues. The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Regarding the monthly supply for housing, we want this to get above four months as soon as possible. million , down 3.4% from the previous month and 8.6% from last year.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. Prospective home buyers experienced another difficult month due to the persistent lack of housing inventory and the highest mortgage rates in a generation,” NAR Chief Economist Lawrence Yun said in a statement. Existing-home sales dropped 4.1% All four U.S.

Inventory 377

Inventory Realtors New Listings Contracts 377

Housing Wire

NOVEMBER 30, 2023

in October on a month-over-month basis, according to data released Thursday by the National Association of Realtors (NAR). Historically high rates harmed the housing market in October Annualized existing home sales remained below 4 million in October, the lowest rate since 2010. down from 72.6 in September.

Housing Market 444

Housing Market Inventory Realtors Construction 444

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. This change in buyer expectations is adding to the slowness right now. That’s 12% fewer than last year.

Housing Market 405

Housing Market Marketing Inventory New Listings 405

Housing Wire

APRIL 3, 2024

The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), made up a combined 38% of the home purchase market last year, up from 28% in 2022, according to the 2024 Home Buyers and Sellers Generational Trends report from the National Association of Realtors (NAR).

Marketing 503

Marketing Buyers Sellers Realtors 503

Housing Wire

JANUARY 22, 2021

Today the National Association of Realtors reported existing home sales for the month of December were at 6,760,000, a beat of estimates. This also closed the books on 2020’s housing market as we finished out the year at 5,640,000 total existing-home sales — a 5.6% housing market in 2020 appeared first on HousingWire.

Housing Market 545

Housing Market Marketing Inventory Realtors 545

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. million to 4.98

Housing Market 478

Housing Market Marketing Inventory Mortgage 478

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey.

Inventory 364

Inventory Agents Real Estate Sellers 364

Housing Wire

NOVEMBER 21, 2022

The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. million in 2024. The mortgage market is projected to slip further, however, to $1.74 With rates at escalated levels, it is affecting home buyers facing affordability challenges. .

Contracts 357

Contracts Government Mortgage Buyers 357

Housing Wire

DECEMBER 18, 2023

In her first national interview since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, National Association of Realtors (NAR) president Tracy Kaspe r said the trade group would continue to advocate for what it feels is best for consumers. “We

Real Estate 410

Real Estate Realtors Buyers Real Estate Agent 410

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.

Housing Market 58

Housing Market Marketing Realtors Realty 58

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 the same time last year. .

New Listings 394

New Listings Realtors Real Estate Inventory 394

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.

Agents 332

Agents Realtors Clients Real Estate Agent 332

Housing Wire

APRIL 18, 2024

million in February, according to a report released Thursday by the National Association of Realtors (NAR). There are nearly six million more jobs now compared to pre-COVID highs, which suggests more aspiring home buyers exist in the market.” At the end of March, total housing inventory sat at 1.11 million, down from 4.38

Inventory 339

Inventory Real Estate Agent Sellers Buyers 339

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. However, that hasn’t been the case so far in 2024. NAR: Total housing inventory registered at the end of March was 1.11 This is never a good thing for housing.

Inventory 472

Inventory Housing Market New Listings Buyers 472

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). in 2024 Despite these conditions, Yun still expects annual existing home sales to drop 11.1% annual jump in 2024.

Housing Market 393

Housing Market Realtors Contracts Buyers 393

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.“ Membership dipped just below 1.5

Realtors 301

Realtors Agents Inventory Modernization 301

Housing Wire

DECEMBER 20, 2023

million, according to the National Association of Realtors. The latest weakness in existing home sales still reflects the buyer bidding process in most of October when mortgage rates were at a two-decade high before the actual closings in November,” NAR Chief Economist Lawrence Yun said in a statement. Existing-home sales grew 0.8%

Inventory 365

Inventory Housing Market Realtors Buyers 365

Housing Wire

MAY 7, 2024

Redfin showcased pockets of growth in the first quarter of 2024 despite challenging housing market conditions. Market conditions recently got worse, but Redfin got better in the first quarter of 2024,” Glenn Kelman, CEO of Redfin, said in a statement. The brokerage posted revenue of $225.5

Marketing 325

Marketing Brokerage Advertising Agents 325

Housing Wire

APRIL 25, 2024

in March compared to February despite rising mortgage rates , according to data released Thursday by the National Association of Realtors (NAR). million home sales in 2024, a 9% increase from 2023. The number of buyers who are bringing all cash to the transactions has been on the rise. “The Pending home sales increased by 3.4%

Inventory 377

Inventory Buyers Realtors Investors 377

Housing Wire

AUGUST 24, 2023

Fannie Mae maintains its baseline call for a recession to occur – forecasting it to begin in the first half of 2024. In its July ESR note , Fannie Mae projected a modest recession beginning in Q4 2023 or Q1 2024. on a Q4/Q4 basis and revised its 2024 GDP growth prediction to a 0.2% decline from 0.1% down from 4.88

Construction 262

Construction Retail Mortgage Contracts 262

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. by the end of 2024. Buying a home is the largest purchase most Americans will make in their lifetime.

Insurance 423

Insurance Sellers Buyers Housing Market 423

Housing Wire

JANUARY 19, 2024

Today, we need context for the growth we’ll see in existing home sales in 2024. 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

OCTOBER 26, 2023

trillion, before an expected 19% rebound in 2024 as rates finally start to trend downward,” Broeksmit said in a statement. The housing market remains resilient However, recent home sales readings stressed the resiliency of the housing market as buyers kept shopping despite the challenging environment.

Mortgage 409

Mortgage Inventory Housing Market Realtors 409

Housing Wire

SEPTEMBER 21, 2023

The housing market will remain subdued until the Federal Reserve starts cutting rates next year, according to economists and housing pros following the central bank’s Wednesday announcement to leave the benchmark rate unchanged in the target range of 5.25%-5.5%. in 2024 and 5.1%

Real Estate 368

Real Estate Mortgage Buyers Inventory 368

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). in 2024, according to NAR’s forecast. million in 2024. in 2024, to 820,000. Meanwhile, housing starts are forecast drop 5.3%

Construction 339

Construction Inventory Realtors Housing Market 339