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. million, according to the National Association of Realtors. In addition, the unsold existing homes inventory has slipped for three consecutive months, ending October at 1.22 year over year.

Contracts 357

Contracts Government Mortgage Buyers 357

Housing Wire

FEBRUARY 29, 2024

month over month in January, according to the newest data from the National Association of Realtors (NAR). For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Overall active inventory improved 7.9% Pending home sales dropped 4.9% NAR’s Pending Home Sales Index (PHSI) decreased to 74.3

Contracts 371

Contracts Inventory Realtors New Listings 371

Housing Wire

JANUARY 29, 2024

Last week, the National Association of Realtors released their December pending sales data. 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. That’s already in the bag.

Contracts 390

Contracts Inventory Housing Market Mortgage 390

Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). 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. annual in 2024 to 1.54

Inventory 387

Inventory Realtors Contracts Construction 387

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. Always will too,” one wrote.

Agents 332

Agents Realtors Clients Real Estate Agent 332

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). An index of 100 is equal to the level of contract activity in 2001. in 2024, according to NAR’s forecast. million in 2024.

Construction 339

Construction Inventory Realtors Housing Market 339

Housing Wire

JANUARY 19, 2024

Today, we need context for the growth we’ll see in existing home sales in 2024. Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. This is a positive for housing in 2024 as most sellers are buyers.

Housing Market 405

Housing Market Inventory Contracts Marketing 405

Housing Wire

SEPTEMBER 19, 2023

Meanwhile, the available inventory of unsold homes is growing. This week, inventory grew faster than it did last year at this time. This week was the biggest week of inventory increase all year, with inventory growing by over 9,000 single-family homes. Last year, inventory climbed dramatically for months.

Housing Market 405

Housing Market Marketing Inventory New Listings 405

Housing Wire

JULY 24, 2023

Last week the National Association of Realtors (NAR) reported that existing home sales declined in June to an annual rate of 4.2 Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. Homes typically take 30-45 days in contract.

Inventory 285

Inventory Contracts New Listings Buyers 285

Listing Spark

SEPTEMBER 27, 2023

The real estate industry is no exception, and realtors who specialize in (or at least serve) property investment clients are seeing the beginnings of a complete technological transformation through AI and increasingly smart tools , such as property investment software. Realtors provide insights for pricing strategies.

Realtors 36

Realtors Investing Real Estate Clients 36

Housing Wire

FEBRUARY 28, 2022

On Friday, the National Association of Realtors released its pending home sales data showing a third month of declines. From NAR : “Pending home sales slumped in January, continuing what is now a three-month drop in transactions, the National Association of Realtors reported. Of the four major U.S. This is critical.

Inventory 398

Inventory Housing Market Realtors Marketing 398

Housing Wire

NOVEMBER 30, 2023

Program follows a blueprint developed by the OH Association of Realtors®. From tips on getting your real estate license in Ohio to national housing inventory news, we provide the most up-to-date information and insights you need to build a successful real estate career. Athens Campus location.

Real Estate 367

Real Estate Real Estate Agent Law Inspection 367

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 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%

Inventory 437

Inventory Housing Market New Listings Mortgage 437

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

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 Bellevue ($570,000).

New Listings 54

New Listings Buyers Inventory Lending 54

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

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. Binney said.

Inspection 383

Inspection Real Estate Agent Real Estate Insurance 383

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

Housing Wire

SEPTEMBER 7, 2023

Attorneys, Realtors and clients are a big part of our repeat business.” Sitzer/Burnett is scheduled to head to trial in mid-October and Moehrl is expected to head to court in the first half of 2024 with Nosalek most likely following shortly thereafter. Anywhere Real Estate just settled two of the cases for a total of $83.5

Buyers 373

Buyers Agents Loan Officers Real Estate 373

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

Housing Wire

MARCH 15, 2024

NAR said that the changes , if approved by the court, will go into effect in mid-July 2024. But its members noticed “many real estate agents are already writing sales contracts that require the buyer to pay the buyer’s real estate commission.”

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Will Springer Realtor

APRIL 9, 2024

It was particularly true on the Eastside, where sales surged 52% from February to March and 9% year-on-year (YoY) and inventory narrowed to under a month (29 days) before all homes for sale would theoretically be under contract if no others hit the market. months (20 days) of available inventory. Inventory stood at 1.3

Marketing 60

Marketing Inventory Buyers Sellers 60

Housing Wire

AUGUST 16, 2023

That alone suggests better days ahead for IMBs, even if rates don’t fall into the 6s for a few more months, the secondary market remains a mess, and seasonality results in low volume in the first quarter of 2024. Goldman Sachs economists predict that the cut will come by the end of June 2024.

Retail 323

Retail Real Estate Agent Business Mortgage 323

Lamacchia Realty

MARCH 26, 2024

As you can see in the chart below, Florida has the highest shift in rising inventory over the past twelve months. Source Condo inventory has been rising more than single families as sales have been decreasing since 2023. Source Inventory rises when more sellers are listing than buyers are buying.

Bracketing 60

Bracketing HOA Sellers Buyers 60

Lamacchia Realty

DECEMBER 19, 2023

2023: 4,890 2022: 4,924 2021: 5,992 Pending Home Sales: The number of homes placed under contract is down by 12% when compared to November 2022. Even though inventory levels are increasing, they aren’t increasing enough to meet the buyer demand in the market. What does this mean for Buyers ? What does this mean for Sellers ?

Real Estate 63

Real Estate Sellers Buyers Realtors 63

Lamacchia Realty

DECEMBER 19, 2023

2023: 2,765 2022: 2,617 2021: 3,476 Pending Home Sales: The number of homes placed under contract is down by 5.2% Inventory levels in Connecticut are not increasing nearly enough to meet the buyer demand in the market. Be sure to work with an expert REALTOR® to make sure you are getting the most out of the home buying experience!

Real Estate 57

Real Estate Sellers Home Value Buyers 57

Lamacchia Realty

DECEMBER 19, 2023

2023: 1,321 2022: 1,231 2021: 1,530 Pending Home Sales: The number of homes placed under contract is up by 0.7% Even though inventory levels are increasing, they aren’t increasing enough to meet the buyer demand in the market. Working with an experienced REALTOR® can help you get the most money for your home!

Real Estate 56

Real Estate Sellers Buyers Realtors 56

Birmingham Appraisal

FEBRUARY 13, 2024

Understanding these metrics enables agents to adjust pricing strategies based on inventory levels and buyer demand, optimizing the chances of selling a property quickly and at the best possible price. In the second post of my series , we covered average and median sold prices, average days on the market, and months of inventory.

Real Estate 61

Real Estate Buyers Inventory Appraisal 61

Will Springer Realtor

SEPTEMBER 12, 2023

The number of homes going under contract – known in the industry as Pending sales – fell to 2340, an August figure not seen in King since 2010 when there were only 1580 in the heart of the housing crisis. Inventory was little changed from July to August. months’ inventory, down from 1.5 Condo inventory stayed at 1.8

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

MAY 14, 2024

Every key data point from the Northwest Multiple Listing Service (MLS) gained ground against the previous month – as often happens with the spring housing season taking stride – including the number of new and active listings, homes going under contract and final sales. months of inventory, including 1.3 In addition to King County’s 2.9%

Marketing 36

Marketing Inventory Buyers Sellers 36

Empire Appraisal Group

JANUARY 11, 2023

But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. Housing inventory is expected to remain tight in 2023, with housing starts below historical averages and fewer homeowners willing to sell, said NAR Chief Economist Lawrence Yun.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Appraisal Today

SEPTEMBER 8, 2023

However, some experts, including Lawrence Yun, Chief Economist at the National Association of Realtors, anticipate a drop to about 6% by next spring, influenced by economic factors and the Federal Reserve’s decisions. Still, a revival in purchase originations is anticipated in 2024 as the market adjusts and more homes become available.

Appraisal 80

Appraisal Contracts Business Construction 80

Listing Spark

SEPTEMBER 25, 2023

Increasing Days on Market and Months Supply of Inventory Days on market and the months’ supply of inventory have witnessed a steady climb, indicating that homes on the market are taking longer to sell. Seize the moment to leverage the increased inventory and negotiate favorable prices. YOY) Months Supply of Inventory: 3.5

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve recently updated its forecast, hinting at a potential decrease of about 75 basis points (0.75%) in its short-term lending rate by the year’s end – promising news for borrowers in 2024. 1, that requires buyers wishing to work with a licensed real estate broker to sign a services contract. But by how much?

Mortgage 36

Mortgage Real Estate Law Lending 36

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. The high-rise has hit a high mark of more than 75% sold inventory – impressive when you consider urban condos have lagged behind the rush for homes post-pandemic.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Appraisal Today

MAY 5, 2023

= Grassroots Lobbying 101: How Appraisers Can Effect Change By Isaac Peck, WorkingRE Excerpts: The appraisal profession is relatively small, and its political influence is modest—especially when compared with organizations like the National Association of Realtors (NAR) and the National Association of Home Builders (NAHB). percent from 0.4

Appraisal 52

Appraisal Contracts Architecture Law 52

Will Springer Realtor

MAY 13, 2024

Housing inventory nationwide flipped from oversupply to undersupply about a dozen years ago when consumers and the banking industry began to slowly rebound financially from the Great Recession. America’s shortfall is most acute with the most vulnerable, as affordable housing inventory has been shrinking for decades.

HOA 36

HOA Transportation Construction Buyers 36