Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). According to an NAR outlook, home sales are projected to rise significantly in 2024 and 2025 as the housing market steadily returns to normal. increase between 2024 and 2025 to a pace of 5.35 Pending home sales rose 8.3%

Contracts 445

Contracts Housing Market Construction Inventory 445

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. The top three spots in the ranking were Buffalo, New York, and Cincinnati and Columbus, Ohio. The real estate market As of Jan.

Housing Market 386

Housing Market Marketing Logistics Real Estate 386

Housing Wire

APRIL 25, 2024

“I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We There is no way you can stay on top of things unless you hire someone to watch new listings pop up every 10 minutes. We couldn’t even see it. It is so hard to compete with that.”

Buyers 374

Buyers Marketing Inventory Investors 374

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. Of course this isn’t the healthiest housing inventory story. However, that hasn’t been the case so far in 2024.

Inventory 472

Inventory Housing Market New Listings Buyers 472

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

FEBRUARY 29, 2024

month over month in January, according to the newest data from the National Association of Realtors (NAR). 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% Pending home sales dropped 4.9%

Contracts 371

Contracts Inventory Realtors New Listings 371

Housing Wire

MAY 8, 2024

“In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We Year over year , Compass gained 26 basis points of market share, bringing its total share of home sales in Q1 2024 to 4.76%.

Agents 335

Agents Brokerage Real Estate Clients 335

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. Something notable about this report: Total active listings as the NAR tracks them almost broke under 1 million again. Below are charts with today’s report and the trend.

Housing Market 405

Housing Market Inventory Contracts Marketing 405

Housing Wire

FEBRUARY 23, 2024

Here are some charts reviewing today’s report with a host of data lines from the NAR existing home sales report: [link] A few critical glaring points: active inventory is still historically low, and so is monthly supply data. This means 2024 is starting to look a lot like 2023 unless rates fall soon.

Inventory 423

Inventory Mortgage New Listings Marketing 423

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. It’s not unusual for a little jump in new listings in September.

Housing Market 405

Housing Market Marketing Inventory New Listings 405

Housing Wire

MARCH 29, 2024

And closed sales were also up about 1%, so overall just a little bit more of the same,” said Clare Losey, housing economist for the Austin Board of Realtors. Additionally, Austin’s median list price has remained stable even as inventory has risen drastically from the troughs it reached in the spring months of 2021 and 2022.

Housing Market 353

Housing Market Agents Marketing Inventory 353

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. Total Inventory data fell in this report from 1.31 million to 1.28

Inventory 437

Inventory Housing Market New Listings Mortgage 437

Housing Wire

AUGUST 10, 2023

The words “think” and “guess” have no place in your playbook for how to avoid margin compression and keep profits up in 2024. Register HousingWire: Logan, starting broad, I want to set up this discussion by starting with inventory and where it stands right now. Logan Mohtashami: Inventory is still savagely unhealthy.

New Listings 268

New Listings Inventory Business Marketing 268

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 2024 will likely show an increase in sales too because Q1 this year was still recovering. Inventory There are now 479,000 single-family homes on the market across the U.S. is $450,000 again this week.

Inventory 285

Inventory Contracts New Listings Buyers 285

Will Springer Realtor

FEBRUARY 13, 2024

The number of newly listed homes more than doubled from December and increased moderately compared with the same time last year, according to data from the Northwest Multiple Listing Service (MLS). Total inventory remains low, however, keeping prices higher on an annual basis. months’ inventory, up from 1.4 King had 1.8

New Listings 54

New Listings Buyers Inventory Lending 54

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. 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. in 2023 Active listings jumped 13.9% in 2022 to 3.3

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Lamacchia Realty

DECEMBER 21, 2023

november 2023 south florida housing report Broward County In November of 2023, Broward County single-family homes as well as c ondos/townhomes saw decreases in closed sales and pending sales, but increases in average price and new listings. An increase in active inventory as well as new listings is great news for buyers!

New Listings 53

New Listings Real Estate Inventory Sellers 53

Lamacchia Realty

JANUARY 30, 2024

If we were to pinpoint the standout factor, it would be the remarkably low number of homes listed, the lowest in over two decades. 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. Maine Sales Decreased by 18.9%

Inventory 54

Inventory Sellers Buyers Contracts 54

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

Movoto

MARCH 8, 2024

And with the biggest inventory spike in nearly 3 years experienced in February, it looks like the market is starting to heat up. The housing market just saw its biggest inventory spike in nearly 3 years “New listings for homes for sale climbed 12.9% Louis; [link] , February 28, 2024. March 4, 2024, [link].

Real Estate 36

Real Estate Inventory New Listings Realtors 36

Lamacchia Realty

DECEMBER 19, 2023

The number of homes listed increased by 5.7% Mortgage rates in November fell from the October highs, coming down to the low 7s towards the end of the month, per Mortgage News Daily. Inventory levels in Connecticut are not increasing nearly enough to meet the buyer demand in the market. when compared to this time last year.

Real Estate 57

Real Estate Sellers Home Value Buyers 57

Lamacchia Realty

DECEMBER 19, 2023

Mortgage rates in November fell from the October highs, coming down to the low 7s towards the end of the month, per Mortgage News Daily. 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

Will Springer Realtor

SEPTEMBER 12, 2023

fewer new listings, the rate of sales rose 1.7% Two data points stood out from the latest report by the Northwest Multiple Listing Service: The aforementioned new listings for all homes in the county – 2684 – is at a low not seen for an August since records were shared with brokers (like me) dating back to the mid-1990s. “I

Finance 68

Finance Inventory Construction Buyers 68

Listing Spark

SEPTEMBER 25, 2023

Fewer New Listings The number of new listings hitting the markets has continued to fall, mainly because a substantial segment of the market that was both buying and selling has essentially disappeared. The Rise of New Construction Homes New construction is stepping up to fill the void in the market.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Will Springer Realtor

NOVEMBER 14, 2023

Worsening affordability issues and lower-than-usual inventory have prompted many consumers to watch this housing market from the sidelines – without the picket lines. New listings for all home types in King County stood at 2157, a whopping 25% drop from September to October. Single-family inventory narrowed to 1.7

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

MAY 14, 2024

The trend is somewhat similar in the category of single-family homes (which our MLS includes townhomes), with the number of new listings in King up 26% YoY and 18% since March (2551). Active listings (available as of May 1) rose 16% for the month to 1727 homes but were 6.2% months of inventory, including 1.3 There are 2.0

Marketing 36

Marketing Inventory Buyers Sellers 36

Will Springer Realtor

MARCH 12, 2024

The picture was somewhat similar for single-family homes as a stand-alone category, with new listings up 38% (1845) and sales 41% (1064) stronger month-to-month, but the YoY numbers were more telling, up 31% and down 4.2%, respectively. Months of inventory continue to be a burden on all buyers. Inventory is at 1.3

Buyers 57

Buyers Construction Sellers Inventory 57

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. The 802 new listings last month were a low not seen since records were archived online from 1990.

Mortgage 36

Mortgage Real Estate Law Lending 36

Will Springer Realtor

DECEMBER 12, 2023

To a happy 2024! = Inventory continues to shrink to levels not seen since the days of disco, shag carpets and pet rocks. Just for Fun: In December 2022, the National Association of Realtors® projected mortgage interest rates would be 5.7% What does 2024 look like for the national housing scene and across Seattle/King County?

Real Estate 36

Real Estate Buyers Housing Market Law 36

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

Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. also the oldest age of a first-timer ever recorded by the National Association of Realtors® (NAR). homes shy of what’s needed today.

Buyers 36

Buyers Development Construction New Listings 36

Will Springer Realtor

OCTOBER 11, 2022

Mark Zandi, chief economist at Moody’s Analytics, is far more bearish, predicting prices will fall about 10% nationally over the next 12-18 months if the country avoids a recession (which is unlikely) and drop roughly 20% by 2024 if the U.S. That’s according to a survey of 1,002 Hispanic Americans by The National Association of Realtors®. >>

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

FEBRUARY 9, 2022

People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. The House version, HB 1782 , is backed by developer and Realtor® lobbyists, Habitat for Humanity and environmental groups, according to The Seattle Times. Inventory remains a big concern. home buyers. There are 0.4

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

MAY 12, 2021

Roughly 20 million Millennials will be entering their 30s, typically the time they purchase their first home, between now and 2024. >> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. They have declined for two consecutive months, according to the National Association of Realtors®.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

MAY 9, 2022

Thankfully, the 2024 planned opening of Link light rail ’s East Link Extension to Bellevue and Redmond will present a viable option if living on the other side of Lake Washington. That includes 621 fewer Pending contracts in April 2022 than the previous April, as the net number of new listings remains on average lower than in years past.

Architecture 36

Architecture Design Buyers Construction 36