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How this week’s Fed meeting could impact inventory

Housing Wire

real estate market were for inventory growth, sales growth and home-price growth across the U.S. Of my initial expectations this year — rising inventory, rising sales rates, rising prices — only rising inventory remains clear at this moment as we finish Q1 with rising interest rates. As we started 2024, the signals in the U.S.

Inventory 384
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Where are home prices headed this spring?

Housing Wire

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. 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. Now it’s on the rise.

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Pending-home sales drop 13% from a year ago as rates stay high: Redfin

Housing Wire

Adding to buyers’ affordability pain, median home prices rose 3.4% Meanwhile, available inventory continues to dwindle as many homeowners stay put to keep their relatively low mortgage rates. 17, total active listings were at 806,701, down 16.2% New listings are down 6.7% For the four weeks ending Sept.

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Pending home sales surged in December: NAR

Housing Wire

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 in 2025 to reach $405,200. in 2025 to reach $405,200. But new listings activity grew by 9.1% million and a 15.8%

Contracts 445
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A sub-7% mortgage rate brings holiday cheer

Housing Wire

“Given inflation continues to decelerate and the Federal Reserve Board’s current expectations that they will lower the federal funds target rate next year, we likely will see a gradual thawing of the housing market in the new year,” Sam Khater, Freddie Mac’s chief economist said in a statement.

Mortgage 476
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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

We have brought down expenses and continue to grow our agent count and inventory advantage,” Reffkin said. First, more buyers are using agents in 2023 than in 2003. Second, buyer agreements are not new. We found that more than 99% of new listings in March included offers to pay the buyer’s agent.

Agents 335
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A soft landing for the real estate market. What’s next?

Housing Wire

By October 2022, it looked like 2023 would have rising inventory and falling home prices. But since January, home buyers have defied all expectations. Sellers have not materialized, and buyers have been buying everything that becomes available. Inventory has fallen all year. I grew pretty bearish again. is $450,000.