Housing Wire

MARCH 28, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Ongoing job gains are clearly increasing demand along with more inventory.” from January to February due to steadily growing inventory. Overall, active inventory grew 14.8% annually in February 2024.

Inventory 428

Inventory Realtors Contracts Sellers 428

Housing Wire

FEBRUARY 29, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Meanwhile, new home sales , which are also a measure of contract signings, reached a seasonally adjusted annual rate of 661,000 in January, up 1.5% Overall active inventory improved 7.9% from December’s annualized rate.

Contracts 383

Contracts Inventory New Listings Realtors 383

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. in 2024, and housing starts will fall 7.3% annual in 2024 to 1.54 to $390,000 in 2024. year over year. and West (59.4)

Inventory 398

Inventory Realtors Contracts Construction 398

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Clark’s team of 73 loan originators who cover the East Coast funded $81 million in loans in January 2024, up 35% from January 2023.

Loan Officers 388

Loan Officers Mortgage Buyers Inventory 388

Housing Wire

JANUARY 23, 2024

With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. Well into January, we are already seeing properties go under contract in the first weekend with multiple offers. Will we get more inventory? The strategy has changed for buyers.

Real Estate Agent 414

Real Estate Agent Real Estate Buyers Agents 414

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. in 2024, according to NAR’s forecast. million in 2024. next year, to $395,000. “Home prices will be influenced by how much inventory is brought to market. in 2024, to 820,000. million, or 5.4%, in 2024. in 2023, settling at 4.38

Construction 349

Construction Inventory Realtors Housing Market 349

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%

Sellers 62

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%

Sellers 58

Sellers Real Estate Buyers Inventory 58

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%

Sellers 56

Sellers Real Estate Buyers Inventory 56

Lamacchia Realty

FEBRUARY 27, 2024

JANUARY 2024 SOUTH FLORIDA housing report SOUTH FLORIDA Home Sales Down, Average Price Up Home sales are down 0.5% year over year, with January 2024 at 4,420 compared to 4,442 last January. Single families: 2,064 (2023) | 2,162 (2024) Condos & Townhomes: 2,378 (2023) | 2,258 (2024) Average sale price increased 11.2%

Inventory 52

Inventory Sellers Real Estate Buyers 52

Housing Wire

AUGUST 3, 2023

Opendoor has committed to deliver at least 100 basis points of contribution margin improvement by 2024, increasing the annual target range to 5% to 7%, with a goal of eventually returning to positive adjusted net income. Meanwhile, Opendoor’s inventory balance reached $1.1 The contribution margin was negative 4.6% in Q2 2023.

Inventory 328

Inventory Contracts Sellers Housing Market 328

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% when compared to January 2023.

Sellers 54

Sellers Real Estate Buyers Inventory 54

Lamacchia Realty

FEBRUARY 27, 2024

JANUARY 2024 rhode island housing report RHODE ISLAND Home Sales Down, Average Price Up Home sales are down 7.3% year over year, with January 2024 at 636 compared to 686 last January. when compared to January 2023 2024: 989 2023: 953 2022: 1,098 Pending Home Sales: The number of homes placed under contract is up by 9.1%

Sellers 52

Sellers Real Estate Buyers Inventory 52

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. I was already using buyer broker contracts, but now use them 100% of the time.

Agents 345

Agents Realtors Clients Real Estate Agent 345

Housing Wire

FEBRUARY 27, 2024

SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. Exclusivity: No Trial period: No Contract requirements: Annual contract required SmartZip is a lead generation, marketing and CRM solution founded in 2008.

Advertising 366

Advertising Tools Real Estate Sellers 366

Housing Wire

JUNE 5, 2023

As with the rest of the country, the Chicago-area market is dealing with issues stemming from a lack of inventory , and until rates decline, it’s the first-time buyers that Lotsoff and Brok are primarily targeting for volume. billion in 2023 and expects a target production of $4 billion in 2024.

Loan Officers 372

Loan Officers Mortgage Lending Retail 372

Housing Wire

FEBRUARY 28, 2022

regions, only the West registered an increase in month-over-month contract activity. Unlike the surge in make-up demand we saw at the end of 2020, this recent outperforming data should moderate just due to traditional demand limits with the housing market at record low inventory levels. Of the four major U.S. This is critical.

Inventory 401

Inventory Housing Market Realtors Marketing 401

Appraisal Today

FEBRUARY 2, 2024

2024 Updated UAD and URAR – What does It Mean for You? The Appraisal World Is Changing January 25, 2024 Excerpts: There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. What exactly does this mean?

Appraisal 67

Appraisal Contracts Training Real Estate 67

Housing Wire

SEPTEMBER 22, 2022

With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years. From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% Total Inventory data fell in this report from 1.31 Unsold inventory sits at a 3.2-month

Inventory 443

Inventory Housing Market New Listings Mortgage 443

Hank Miller Team

JANUARY 9, 2024

What is the forecast for the Atlanta real estate market in 2024? drops in contract and sale prices All categories saw positive growth out of the Dec '22-Jan '23 lows Home prices for Q1 '24 into Q2 '24 in the greater Atlanta real estate market will be heavily influenced by inventory.

Real Estate 40

Real Estate Marketing Contracts Sellers 40

Will Springer Realtor

DECEMBER 19, 2023

As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. We experienced yet another unusual year for residential real estate – high interest rates, leading to affordability challenges amid low inventory. by December 2024. by the end of 2024.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Housing Wire

OCTOBER 13, 2023

With the official launch set for the first quarter of 2024, Home Data Solutions secured 50 state licenses and has relationships with 700+ MLSs. In the current environment where mortgage lenders are in a big contraction given the lack of inventory, rising interest rates and affordability challenges, lenders need support, Moon noted.

Technology 363

Technology Business Contracts Mortgage 363

Will Springer Realtor

FEBRUARY 13, 2024

Total inventory remains low, however, keeping prices higher on an annual basis. We know buyers are eager to purchase properties, as 39% more homes went under contract in January (1719 units) compared with the previous – admittedly quiet – month. months’ inventory, up from 1.4 months’ inventory (2.0 in Q3 2024 (6.6%) 5.8%

New Listings 54

New Listings Buyers Inventory Lending 54

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

Housing Market 385

Housing Market Marketing Contracts Finance 385

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions.

Sellers 64

Sellers Realtors Buyers Inventory 64

Listing Spark

FEBRUARY 7, 2024

As we enter into 2024, we are stepping out of one of the most turbulent years for real estate in Texas in some time. Buyers had lost confidence in the direction of the market and wanted to wait and see how things would shake out with the FED’s potential rate cuts in 2024. The only problem, nobody wanted a 7.5% or 8% interest rate.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. A year later, still no crash, which had more to do with the decrease in inventory than the decrease in sales. The number of homes placed under contract (pending), decreased by 17.7% A lot of it had to do with anemic inventory.

Inventory 69

Inventory Sellers Contracts Buyers 69

Housing Wire

APRIL 15, 2024

Higher mortgage rates have forced available inventory to climb all year. Housing inventory There are now 526,000 single-family homes active unsold on the market. jump in unsold inventory in a week is very notable. As mortgage rates rise, inventory rises. Or, to put it another way: demand slows, inventory grows.

Inventory 385

Inventory Mortgage New Listings Sellers 385

Housing Wire

JANUARY 10, 2024

In this article, we explore nine exceptional real estate lead generation companies that can supercharge your lead generation efforts, each with its unique strengths and limitations.

Real Estate 335

Real Estate Real Estate Agent Tools Agents 335

Lamacchia Realty

JANUARY 25, 2024

The market’s resilience can be attributed more to the decrease in inventory than the decline in sales. This report, the first one we are publishing for Rhode Island, examines sales, average prices, the number of active listings, and listings under contract for 2023 compared to 2022. Average prices for closed sales increased by 7.7%

Inventory 57

Inventory Sellers Buyers Real Estate 57

Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. Higher-coupon loans now may [offer] a higher rate of return for longer than someone might have anticipated in a rate assessment that was at the beginning of 2024.

Marketing 374

Marketing Mortgage Investors Sellers 374

Housing Wire

APRIL 1, 2024

Total available inventory is gradually climbing about 1% per week — last year it was still declining in April. As we roll into the second quarter, we should have accelerating inventory growth each week. All of these signals point to rising home sales in 2024. More sellers means more sales in 2024. That’ll feel like a lot!

Inventory 457

Inventory New Listings Contracts Sellers 457

Lamacchia Realty

JANUARY 25, 2024

This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Average prices for closed sales increased by 7.2% Sales Decline by 18.9%

Inventory 52

Inventory Sellers Buyers Contracts 52

Housing Wire

MARCH 11, 2024

Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The only way inventory would grow in 2024 is if mortgage rates climbed. But the evidence is the opposite.

Inventory 501

Inventory New Listings Sellers Real Estate 501

Housing Wire

JUNE 2, 2023

The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. What does Ishbia think about surging mortgage rates , lack of housing inventory and monetary and policy pressures ? We’ll get a lot better in 2024.

Retail 355

Retail Inventory Mortgage Loan Officers 355

Lamacchia Realty

JANUARY 25, 2024

This created an extreme scarcity of inventory and contributed to elevated prices, but it also led to a 22% decrease in the number of sales, leaving buyers eager. The resilience can be attributed mostly to the decrease in inventory. Additionally, it predicts what’s going to happen in real estate in 2024.

Inventory 52

Inventory Sellers Buyers Contracts 52

Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9%

Inventory 54

Inventory Sellers Buyers Contracts 54