Housing Wire

FEBRUARY 4, 2024

How will mortgage rates impact seasonal inventory in 2024? It’s not what I wanted to see in 2024, but I have to be realistic since we are already in February. Also, when mortgage rates rise, the inventory peak happens later in the year. Is the seasonal bottom going to happen later than I want?

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Inventory Mortgage New Listings Housing Market 493

Housing Wire

JANUARY 2, 2024

real estate market is in and it may surprise you, but pretty much all the signals for housing in 2024 are pointing for growth now. This implies that there are more than enough buyers at these prices and these mortgage rates to keep activity happening in housing. The sales are growing in 2024.

Housing Market 524

Housing Market Marketing Inventory Contracts 524

Housing Wire

APRIL 26, 2024

home sellers reaped slimmer profit margins on median-priced single-family homes and condominiums during the first quarter of 2024. in the fourth quarter of 2023, according to Attom ’s 2024 U.S. Investment returns for sellers fell for the second straight quarter. Home Sales Report. on a quarterly basis to $330,000.

Sellers 387

Sellers Housing Market Investing Marketing 387

Housing Wire

APRIL 27, 2024

I have a simple model with mortgage rates being above 7.25%: weekly inventory data should grow between 11,000-17,000 per week. Weekly housing inventory data We’ve now had back-to-back weeks of healthy housing inventory growth and spring 2024 is much healthier than spring 2023. The mortgage spread data got worse last week.

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Inventory Housing Market Marketing New Listings 495

Housing Wire

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. What will the housing market look like in 2024?

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Sellers Marketing Inventory Contracts 424

Housing Wire

NOVEMBER 30, 2023

Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year. Homebuyer traffic will increase in 2024, fueled by lower mortgage rates and more existing-home inventory. Existing-home sales will end 2024 at 4.6

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Buyers Housing Market Sellers Inventory 431

Housing Wire

DECEMBER 7, 2022

Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? Now, with five weeks of data in front of us, we can say they have stabilized the market. Mortgage rates went from a low of 2.5%

Housing Market 540

Housing Market Mortgage Marketing Inventory 540

Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. He paid $4,700 in 2022, $11,500 in 2023 and received a quote of $28,000 for 2024. Additionally, the state’s 90-day average Altos Market Action Index score was 32.75

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Insurance Housing Market Marketing Agents 380

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The Federal Reserve recently signaled plans to slash interest rates three times in 2024, shifting toward the next phase in its monetary policymaking. “It

Mortgage 438

Mortgage Loan Officers Inventory Business 438

Housing Wire

FEBRUARY 23, 2024

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb. We’ve got this total rate-lock event.”

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Housing Market Marketing Inventory Buyers 464

Housing Wire

NOVEMBER 14, 2023

As 2023 draws to a close soon, housing inventory has been rising very late in the year. Last year at this time, sellers and homebuyers hit the brakes hard. Watch the weekly housing market recap video above to get the latest housing market data download from Altos Research.

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Housing Market Marketing Inventory Contracts 421

Housing Wire

NOVEMBER 6, 2023

held up in 2023, sales volume in the housing market cratered. Consumers care about home prices and mortgage rates; the industry cares about transaction volume. The industry is in a deep housing recession this year. To get the weekly picture of the housing market, watch the video above. Housing inventory.

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Housing Market Marketing Inventory Contracts 475

Housing Wire

JANUARY 6, 2024

I believe this was the most overlooked housing story of the last year because even as mortgage rates rose all the way to 8% , the home price cut percentage data was always about 4% lower year over year. Now that mortgage rates have fallen and as we start the brand new year, we need to focus on this data line more.

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Inventory New Listings Housing Market Mortgage 540

Housing Wire

MAY 15, 2024

This is an excerpt of a HousingWire Research report titled: What Everyone Needs to Know about Mortgage Rate Lock-in, by Altos President Mike Simonsen. housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. That’s a swing of 17% fewer sellers in just a matter of days.

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Mortgage New Listings Inventory Sellers 366

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. We still see more sellers than last year. The pace of sales inched down, too.

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Sellers Inventory New Listings Contracts 401

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housing market ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.

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Sellers Inventory Housing Market New Listings 498

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At as of March 6, 2024. There is nothing to show.”

Housing Market 391

Housing Market Buyers Agents Marketing 391

Housing Wire

MARCH 18, 2022

You can see why I have been on team higher mortgage rates for some time now because we don’t have any other way to get off this madness. Total inventory data is deficient, and this was my biggest fear in the years 2020-2024, and it happened. One of the critical data lines that I want to see improve this year is days on market.

Housing Market 540

Housing Market Marketing Inventory Sellers 540

Housing Wire

DECEMBER 13, 2023

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. While the central bank did not completely rule out the possibility of a rate increase in 2024, that action seems unlikely. What does this mean for mortgage rates?

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Inventory Housing Market Mortgage Law 457

Housing Wire

MARCH 23, 2024

Mortgage rates had a chance to break to new highs this year, but the Federal Reserve took a moderate tone at the last Fed meeting. We saw the benefit of lower mortgage rates with the last two existing home sales reports, which showed growth. Then mortgage rates rose, facilitating five weeks of negative purchase application data.

Mortgage 503

Mortgage Inventory New Listings Housing Market 503

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. They may find that relief for mortgage rates next year, according to forecasts from various industry experts compiled by HousingWire.

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Inventory Construction Mortgage Buyers 457

Housing Wire

MARCH 2, 2024

The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. The idea is that nobody will trade their low mortgage rates to buy another home — even though this happened every week last year. With mortgage rates higher, will this stop inventory from growing year over year?

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Inventory Mortgage New Listings Housing Market 531

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 5, 2024

As of March 29, the San Francisco-Oakland-Fremont metropolitan area was the fourth-hottest housing market in the country. The Bay Area metro had a 90-day average Market Action Index score of 61.19, according to data from Altos Research. Altos considers anything above a Market Action Index of 30 to be a seller’s market.

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Housing Market Marketing Inventory Agents 375

Housing Wire

NOVEMBER 27, 2023

Watch the video above to get the latest housing market update from Altos Research. Inventory (finally) peaks for the year Housing inventory was down by 0.7% Inventory hit 566,000 homes on the market, meaning there are 0.5% A few more sellers appear to be braving the market each week. Short on time?

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New Listings Contracts Inventory Housing Market 479

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). “The bond market is forcing the Fed to pivot.”

Real Estate 450

Real Estate Inventory Sellers Realtors 450

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Mortgage rates. Home price s.

Housing Market 529

Housing Market Marketing Inventory New Listings 529

Housing Wire

FEBRUARY 21, 2023

Last June, the Federal Reserve said it wanted a housing reset , which meant it wanted higher mortgage rates to destroy the housing market. Today, the Federal Reserve achieved its primary goal; the days on the market are now above 30 days, which was the most important data line to get housing back to somewhat normal.

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Housing Market Marketing Inventory Buyers 401

Appraisal Buzz

APRIL 11, 2024

But unlike housing markets of the past, this market isn’t being driven by low mortgage rates or low home prices – the current trickle of sales is coming mainly from people who are facing life events that require them to sell their homes and move.

Housing Market 195

Housing Market Marketing Inventory Sellers 195

Housing Wire

DECEMBER 11, 2023

Watch the video above to get the latest housing market update from Altos Research. There are some local markets, for example Austin Texas or condos in San Francisco where the data shows prices falling. Last year mortgage interest rates rose by 450 basis points from 3% to 7.5%. is up 2% to 3% over last year at this time.

Inventory 436

Inventory Contracts Sellers Housing Market 436

Housing Wire

APRIL 26, 2024

The national real estate brokerage found that the nationwide median sale price reached $420,357 in March 2024. In Texas and Florida , however, key market signals show diverging trends. year over year in March, although growth in listings is expected to subside due to the lock-in effect of higher mortgage rates.

Housing Market 343

Housing Market Marketing Insurance Sellers 343

Housing Wire

MARCH 6, 2024

Housing professionals already know that high mortgage rates are bad for business. But with mortgage rates ascending past 7% according to HousingWire’s Mortgage Rates Center , those hopes have so far been dashed in 2024. percentage points—sellers take notice. 31% in 2023-2024. in 2019-2020, 16.9-17.2%

Mortgage 381

Mortgage Sellers New Listings Buyers 381

Housing Wire

DECEMBER 14, 2023

The holidays have come early for the mortgage industry. Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. The 30-year, fixed mortgage rate averaged 6.95% for the week ending Dec. on Thursday.

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Mortgage New Listings Loan Officers Inventory 476

Sacramento Appraisal Blog

FEBRUARY 14, 2024

Pulling comps in 2024 is tough. I also have some market recap visuals to unpack what’s been happening in 2024 so far. UPCOMING SPEAKING GIGS: 2/19/24 Matt the Mortgage Guy YouTube […] The post The challenge of pulling comps in 2024 first appeared on Sacramento Appraisal Blog. Think about it this way.

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Appraisal Marketing Mortgage New Listings 309

Housing Wire

FEBRUARY 15, 2024

“In a potentially improving housing market, we are excited to build on our competitive advantages, accelerate our strategic agenda, and deliver even greater value to Anywhere affiliated agents, franchisees, and shareholders in the year ahead.”

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Housing Market Marketing Brokerage Agents 334

Housing Wire

MARCH 7, 2024

Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. Zillow posits that this shift is driven by higher mortgage rates in the post-pandemic era.

Sellers 374

Sellers Buyers Real Estate Inventory 374

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. Housing permits and starts are falling now, even with the backlog of homes in the system. With less transaction volume , general incomes in the housing sector are falling.

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Housing Market Marketing Inventory Sellers 545