Housing Wire

FEBRUARY 24, 2024

Mortgage rates have risen recently but they could be much worse than they are today. Mortgage rates and the 10-year yield The 10-year yield is the key for housing in 2024. In my 2024 forecast , I put the 10-year yield range between 3.21%-4.25% , with a critical line in the sand at 3.37%. That hasn’t happened.

Mortgage 445

Mortgage Inventory New Listings Housing Market 445

Housing Wire

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. New listing volume last week was 18% more than a year ago. All of these signals point to rising home sales in 2024. That brings us to 367,000 single-family homes in the contract pending stage.

Inventory 457

Inventory New Listings Contracts Sellers 457

Housing Wire

MAY 13, 2024

Home sales continue to run just a little ahead of last year’s pace, but with mortgage rates in the 7s, there are a ton of potential homebuyers sitting on the sidelines. All in all, you can see how effectively 7% mortgage rates have slowed the housing market. real estate market as of mid-May 2024. That’s up 1.5% for the week.

New Listings 402

New Listings Contracts Inventory Sellers 402

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. These are very clear trends as we start the new year. 2023 started with recovery, but slowed down in Q3 as mortgage rates hit 8%. But, 2024 is starting stronger than last year.

Real Estate 487

Real Estate Marketing Inventory New Listings 487

Housing Wire

APRIL 15, 2024

We saw a big jump in mortgage rates last week. The 30-year fixed rate mortgage, according to the HousingWire Mortgage Rates Center , is now over 7.2% — that’s 50 basis points above where we were at the start of the year. At that time, most of the voices in the media assumed that mortgage rates had peaked and would fall by now.

Inventory 373

Inventory Mortgage New Listings Sellers 373

Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. 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.

Inventory 377

Inventory Realtors New Listings Contracts 377

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. 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. increase between 2024 and 2025 to a pace of 5.35

Contracts 445

Contracts Housing Market Construction Inventory 445

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. So demand isn’t increasing.

Inventory 441

Inventory Contracts New Listings Sellers 441

Housing Wire

FEBRUARY 20, 2024

Mortgage rates are back over 7%. The economy has continued to be strong, so mortgage rates have defied expectations and remained very high. New listings rise New listings continue to show us that more sellers are interested in this market this year. That’s because mortgage rates have jumped over 7% again.

Mortgage 481

Mortgage Inventory Sellers New Listings 481

Housing Wire

JANUARY 22, 2024

For several weeks, I’ve been reporting data that shows the housing market growing in 2024. Those metrics, specifically the pace of new listings and new sales contracts, slowed this week. Our immediate sales metric of homes that get offers within a couple days of listing also slowed. 50,000 new pendings.

Real Estate 387

Real Estate New Listings Contracts Inventory 387

Housing Wire

APRIL 29, 2024

The weekly volume of new listings is now higher than at anytime last year. Mortgage rates are at 7.5% In addition to a higher number of new listings, there were also more new contracts started this week than in any week in 2023. Mortgage rates are now topping 7.5%, the highest levels seen this year.

Sellers 462

Sellers Marketing Inventory Contracts 462

Housing Wire

MARCH 25, 2024

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. Mortgage rates seem to have finally settled down. The longer mortgage rates stay higher, the more inventory will grow closer to the old levels. A year with 5.5

New Listings 479

New Listings Inventory Contracts Sellers 479

Housing Wire

OCTOBER 31, 2023

We may be nearing the bottom in home sales even if mortgage rates don’t decline. At least, that’s what the data seems to suggest as inventory grows and new listings decline at a less aggressive rate than last year. Consumers are more sensitive to changes in mortgage rates than to absolute levels.

New Listings 466

New Listings Inventory Contracts Housing Market 466

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. We’re watching a few key factors to see if homebuyers are backing off in the face of increased mortgage rates. With the most recent mortgage rate jump, inventory growth has also accelerated.

Inventory 474

Inventory New Listings Sellers Contracts 474

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 499

Inventory New Listings Sellers Real Estate 499

Housing Wire

MARCH 18, 2024

As we started 2024, the signals in 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. 1 and as of today, March 18, mortgage rates are 30-40 basis points higher than Jan.

Inventory 384

Inventory New Listings Sellers Contracts 384

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. New listings New listings appear to have peaked for the year three weeks ago.

Inventory 392

Inventory New Listings Sellers Contracts 392

Housing Wire

OCTOBER 10, 2023

Mortgage rates continue to climb. It’s not uncommon to hear rates quoted over 8% for a 30-year fixed mortgage. 8% mortgage rates are a new reality We’ve been talking about the impact of 8% mortgage rates for months. The path to finally having more selection for homebuyers is through higher mortgage rates.

Mortgage 391

Mortgage Inventory Contracts Sellers 391

Housing Wire

OCTOBER 16, 2023

It’s quite clear that homebuyers have hit the brakes waiting to see if mortgage rates recede from these multi-decade highs. There were only 57,000 new listings plus another 10,000 immediate sales. There are only 326,000 single-family homes in the contract pending stage. Note the inventory climb is not from sellers.

Inventory 435

Inventory Contracts Sellers New Listings 435

Housing Wire

MAY 6, 2024

As mortgage rates stay elevated and the number of unsold homes on the market grows — especially in the South — the leading indicators for future home sales prices continue to be softer than the current headlines suggest. That can change if mortgage rates fall dramatically, but the current trends show weakening home prices, not strengthening.

Inventory 392

Inventory Contracts Sellers New Listings 392

Housing Wire

NOVEMBER 6, 2023

Consumers care about home prices and mortgage rates; the industry cares about transaction volume. If we get lucky with mortgage rates, though, we might just be at the bottom of the housing market recession right now. Remember the Altos rule: If mortgage rates go up, inventory will build in 2024. Housing inventory.

Housing Market 475

Housing Market Marketing Inventory Contracts 475

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% NAR’s Pending Home Sales Index (PHSI) decreased to 74.3 in January, down from 77.3

Contracts 371

Contracts Inventory Realtors New Listings 371

Housing Wire

JANUARY 16, 2024

Home sellers are starting to ease back into the market, new listings are finally exceeding the levels of a year ago. The longer we stay with mortgage rates higher, the more inventory will build closer to where it used to be. Mortgage rates are higher than they were a year ago. Higher mortgage rates means more inventory.

Inventory 419

Inventory New Listings Sellers Contracts 419

Housing Wire

FEBRUARY 26, 2024

Price reductions ticked up this week for the first time since November in the face of rising mortgage rates. We can see the impact of higher mortgage rates slowing homebuyer demand. Now, mortgage rates are 100 basis points higher. New pendings We’ve been sharing how the sales rate has been trying to expand for 2024.

Sellers 401

Sellers Inventory New Listings Contracts 401

Housing Wire

NOVEMBER 29, 2023

Forming partnerships with mortgage brokers can be mutually beneficial. Your approach to connecting with buyers should be as diverse and dynamic as the market itself, adapting to changes and embracing new technologies. Canva is perfect for everything from new listings to brand promotion.

Real Estate 362

Real Estate Buyers Tools Real Estate Agent 362

Housing Wire

JANUARY 19, 2024

Today, we need context for the growth we’ll see in existing home sales in 2024. We don’t have any data that shows sales are crashing from this low level: this is key when looking at the future because it does give us a place to grow sales as long as mortgage rates fall. 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 12, 2023

There are no signs of any surge in listings, and as a result we’ve seen a floor on home prices. New contracts dipped as affordability is out of reach for so many. Last year inventory was about to start climbing again with that autumn spike in mortgage rates. The light portion of the bar are the new contracts that week.

Contracts 363

Contracts Inventory Housing Market Buyers 363

Housing Wire

SEPTEMBER 19, 2023

It’s not unusual for a little jump in new listings in September. Obviously, mortgage rates have been stubbornly over 7% for a couple of months. That’s a change in expectation of mortgage rates. Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still.

Housing Market 405

Housing Market Marketing Inventory New Listings 405

Housing Wire

AUGUST 1, 2023

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. After the mortgage rate spike in September 2022, we got significantly more bearish on home prices for 2023. If mortgage rates increase to the 7.5%

Inventory 341

Inventory Contracts Buyers Mortgage 341

Housing Wire

JULY 24, 2023

Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. In the chart below, the light portion of each bar represents the new contracts each week. But, there were another 15,000 condos and townhomes that went into contract this week.

Inventory 285

Inventory Contracts New Listings Buyers 285

Housing Wire

FEBRUARY 28, 2024

If you’re struggling to market your business on social media, or worse, haven’t even started yet, you might be in for a rude awakening in 2024. Who doesn’t want to learn mortgage secrets banks don’t want you to know? Visit Coffee & Contracts 3. Social media gives you the perfect opportunity to build a brand that resonates.

Real Estate 397

Real Estate Marketing Tools Contracts 397

Will Springer Realtor

FEBRUARY 13, 2024

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. And, despite the rise in new listings, the number of homes still on the market on Feb. fewer listings than December and 28% below January 2023 figures.

New Listings 54

New Listings Buyers Inventory Lending 54

Housing Wire

SEPTEMBER 22, 2022

Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . million in August.” million in August.”

Inventory 437

Inventory Housing Market New Listings Mortgage 437

Movoto

MAY 22, 2024

If you’re new to the process, you can follow our home-buying checklist to learn how to prepare and use a mortgage calculator , among other tools, to calculate a reasonable budget before moving to Colorado. New listings are seemingly surging. Because of demand, new houses emerging on the market tend to sell with ease.

Housing Market 36

Housing Market Marketing Real Estate New Listings 36

Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. 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. Here are some of the big questions to ponder in 2024.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

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. National mortgage originations closed the year at less than $1.5 2024 Texas Housing Market Predictions Coming out of a brutal year for real estate in Texas, we are expecting to find some relief in 2024.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Lamacchia Realty

JANUARY 25, 2024

With rates trying to reach equilibrium after their nosedive in 2020, everyone has had to accept that pandemic-era rates are a thing of the past and therefore higher monthly mortgage payments are here to stay. Lowest number of homes listed in recorded history, decreased by 18.7% Average prices for closed sales increased by 3.4%

Inventory 69

Inventory Sellers Contracts Buyers 69