Housing Wire

FEBRUARY 26, 2024

We still see more sellers than last year. The housing market data has been changing very rapidly this year. Inventory There are now 498,000 single-family homes available unsold on the market around the U.S. New pendings We’ve been sharing how the sales rate has been trying to expand for 2024. Almost 1% dip.

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Sellers Inventory New Listings Contracts 401

Housing Wire

DECEMBER 11, 2023

Watch the video above to get the latest housing market update from Altos Research. We can see that while inventory rises with rates and falls with rates, that there is no signal of any flood of sellers. If we had a flood of sellers, that would be bearish for home prices. Why we’ll have more home sales in 2024 than 2023.

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Inventory Contracts Sellers Housing Market 436

Housing Wire

JANUARY 4, 2024

After a 2023 of real estate brokers saying they feel “neutral” or “pessimistic” about the housing market, some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey are optimistic that the next three months will be positive. ” The value education was mentioned across the board.

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Brokerage Real Estate Training Buyers 365

Housing Wire

MAY 28, 2024

More people coming off the sidelines to sell their homes is a healthy signal for the market. No one wants a scenario in which there’s a flood of sellers but no buyers. real estate market at the end of May 2024. Inventory There are 595,000 single-family homes on the market now. There just aren’t enough sellers yet.

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Inventory New Listings Contracts Sellers 511

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. But, 2024 is starting stronger than last year. Could the housing market change and slow again in 2024? The data does not show any slowing on any of the active market metrics.

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Real Estate Marketing Inventory New Listings 487

Housing Wire

OCTOBER 31, 2023

To get the weekly picture of the housing market, watch the video above. Inventory creeps up There are now 562,000 single-family homes on the housing market. There are far fewer sellers now than in any recent year. However, last year’s seller decline was much more steep. Don’t have time? That’s up 1.5%

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New Listings Inventory Contracts Housing Market 466

Housing Wire

MAY 22, 2024

Looking ahead, price growth will cool down in the second half of 2024 because of increased inventory and more homes taking a price cut before selling. The chart below shows that the inventory growth rate picked up more in 2024 after March. This isn’t the case in 2024. from March to a seasonally adjusted annual rate of 4.14

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Inventory New Listings Housing Market Contracts 449

Housing Wire

NOVEMBER 20, 2023

It looks like this is evidence that housing markets are returning to normal rather than a case of sellers panicking, but it’s worth keeping an eye on. After all, more sellers means more sales in 2024. Watch the video above to get the latest housing market update from Altos Research.

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Inventory New Listings Housing Market Sellers 393

Housing Wire

SEPTEMBER 19, 2023

This “higher for longer” conventional wisdom is working its way through the housing market. It shows obvious slowing demand, but is also a reflection of the fact that most of the year we had more buyers than sellers of residential real estate. There are 345,000 single-family homes in the contract pending stage.

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Housing Market Marketing Inventory New Listings 405

Housing Wire

MAY 6, 2024

The good news for the housing market is that the pace of sales is gradually improving due to the expanded supply. On May 16, Altos Research is hosting its monthly webinar, where we dive deep on all of the local data trends, as well as the leading indicators for what should happen the rest of 2024.

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Inventory Contracts Sellers New Listings 392

Housing Wire

APRIL 1, 2024

At the same time, seller volume dried up. But now sellers are coming back into the market. All of these signals point to rising home sales in 2024. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. More sellers means more sales in 2024.

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Inventory New Listings Contracts Sellers 457

Housing Wire

MAY 13, 2024

All in all, you can see how effectively 7% mortgage rates have slowed the housing market. Pacific time, Altos Research holds its monthly webinar, where we dive deep on all of the local data trends and the leading indicators for what will happen in the remainder of 2024. real estate market as of mid-May 2024.

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New Listings Contracts Inventory Sellers 402

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.

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Inventory Contracts New Listings Sellers 441

Housing Wire

OCTOBER 10, 2023

The same trends in the housing market in recent weeks are still dominant this week. To find out more of my weekly housing market insights backed by Altos Research data, watch the video above. To find out more of my weekly housing market insights backed by Altos Research data, watch the video above.

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Mortgage Inventory Contracts Sellers 391

Housing Wire

APRIL 22, 2024

After a couple weeks of big jumps for mortgage rates , we’re still seeing relatively surprising strength in the housing market. housing market for the week of April 22. There are 130,000 more homes on the market now than last year at this time. In fact, there are more new sellers this week than in any week of 2023.

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Inventory New Listings Sellers Contracts 474

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. The median existing- home price for all housing types in October was $391,800, down from $394,300 in September but up 3.4% Looking at the four major U.S. All four U.S.

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Inventory Realtors New Listings Contracts 377

Housing Wire

MAY 20, 2024

There are more homes sitting on the market that didn’t get offers at their original list price and have had to reduce their prices than in any recent May. Well, I have revised down my estimates for national home-price appreciation for 2024. The second dynamic to watch here is how many sellers are cutting their prices each week.

Inventory 392

Inventory New Listings Sellers Contracts 392

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. The housing market data has been changing very rapidly this year. New listings rise New listings continue to show us that more sellers are interested in this market this year.

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Mortgage Inventory Sellers New Listings 481

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.

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Inventory Agents Real Estate Sellers 364

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. The only way inventory would grow in 2024 is if mortgage rates climbed. My response at the time was actually the opposite.

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Inventory New Listings Sellers Real Estate 499

Housing Wire

JANUARY 16, 2024

real estate housing market signals have been gradually building for a couple of months. Home sellers are starting to ease back into the market, new listings are finally exceeding the levels of a year ago. As a result, we’re starting to see slightly more available supply of homes on the market. That’s a 1.2%

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Inventory New Listings Sellers Contracts 419

Housing Wire

OCTOBER 16, 2023

The leading indicators for sales prices show that 2023 will end with home price gains of 1-2% over 2022, but the 2024 outlook is weakening and depends on your view of mortgage rates in Q1 and whether home prices will appreciate next year. Here are some of the takeaways: There are now 546,000 single-family homes on the market — 3.5%

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Inventory Contracts Sellers New Listings 435

Housing Wire

JANUARY 29, 2024

We shared that sales growth data back in December as it was happening in the housing market. Homes in contract rises There are more homes in contract now than last year at this time. Sales growth is not guaranteed This week there were 56,000 contracts started for single-family home purchases.

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Contracts Inventory Housing Market Mortgage 390

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.

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Housing Market Inventory Contracts Marketing 405

Housing Wire

MARCH 18, 2024

As we started 2024, the signals in the U.S. real estate market were for inventory growth, sales growth and home-price growth across the U.S. At the time, I observed that even if mortgage rates stayed flat, the momentum seemed to be in the cards for broad, slow growth in the market. However, mortgage rates didn’t stay flat.

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Inventory New Listings Sellers Contracts 384

Housing Wire

SEPTEMBER 12, 2023

housing market now. That’s frankly surprising given how cold the housing market froze last fall. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers. New contracts dipped as affordability is out of reach for so many. Offers stopped and sellers cut their prices.

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Contracts Inventory Housing Market Buyers 363

Housing Wire

MAY 1, 2024

On Wednesday evening, during the firm’s Q1 2024 earnings call with investor and analysts, CEO Rich Barton took a contrary view: Zillow is just beginning to unlock its revenue generating potential. “In In a hostile housing market and a noisy industry environment, why is Zillow outperforming?” he posited.

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Agents Real Estate Contracts Real Estate Agent 335

Housing Wire

MARCH 28, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. annually in February 2024. NAR’s Pending Home Sales Index increased to 75.6 in February, up from 74.3 in January. On a year-over-year basis, pending sales were down 7%. On a year-over-year basis, all four U.S.

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Inventory Realtors Contracts Sellers 418

Movoto

MAY 22, 2024

It’s beautiful from corner to corner, hence why the Colorado housing market is always one to watch. Whether you’re moving to Colorado, selling your Colorado home , or considering a business venture in the state, it’s valuable to first understand the Colorado real estate market. New listings are seemingly surging.

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Housing Market Marketing Real Estate New Listings 36

Housing Wire

MARCH 25, 2024

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. This annualizes to only 4.3

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New Listings Inventory Contracts Sellers 479

Lamacchia Realty

FEBRUARY 27, 2024

JANUARY 2024 massachusetts housing report MASSACHUSETTS Home Sales Down, Average Prices Up Home sales are down 5.2% year over year, with January 2024 at 3,751 compared to 3,956 last January. 2024: 4,702 2023: 4,330 2022: 4,636 Pending Home Sales: The number of homes placed under contract is down by 0.4%

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Sellers Real Estate Buyers Inventory 62

Lamacchia Realty

FEBRUARY 27, 2024

JANUARY 2024 connecticut housing report CONNECTICUT Home Sales Down, Average Price Up Home sales are down 5.4% year over year, with January 2024 at 2,082 compared to 2,200 last January. Single families: 1,686 (2023) | 1,600 (2024) Condominiums: 514 (2023) | 482 (2024) Average sale price has increased by 11.8%

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Sellers Real Estate Buyers Inventory 58

Housing Wire

APRIL 15, 2024

How will homebuyers and sellers react and how quickly can we measure it? New listings Inventory growth is from a combination of fewer buyers as affordability worsens, but also gradually improving seller volume. But each week in 2024 is averaging 13% more sellers than last year at this time. But the U.S.

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Inventory Mortgage New Listings Sellers 373

Lamacchia Realty

FEBRUARY 27, 2024

JANUARY 2024 MAINE housing report MAINE Home Sales Down, Average Price Up Home sales are down 3.6% year over year, with January 2024 at 904 compared to 938 last January. Single families: 768 (2023) | 745 (2024) Condominiums: 101 (2023) | 87 (2024) Multi-families: 69 (2023) | 72 (2024) Average sale price increased 21.7%

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Sellers Real Estate Buyers Inventory 56

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 The 90-day average number of new listings as of mid-March 2024 was 170 in Naples-Marco Island, and 432 in Cape Coral-Fort Myers).

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Insurance Inventory Marketing Real Estate 363

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.

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Agents Realtors Clients Real Estate Agent 332

Lamacchia Realty

FEBRUARY 23, 2024

JANUARY 2024 new hampshire housing report NEW HAMPSHIRE Home Sales Up, Average Price Up Home sales are up 10.8% year over year, with January 2024 at 967 compared to 873 last January. 2024: 1,140 2023: 967 2022: 1,095 Pending Home Sales: The number of homes placed under contract is up by 6.1%

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Sellers Real Estate Buyers Inventory 55