article thumbnail

Majority of recent homebuyers have regrets: survey

Housing Wire

The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025. “We We found that buyers stepping into the 2024 housing market have much to learn from previous shoppers,” the report stated. More than 80% of recent buyers asked for at least one seller concession.

article thumbnail

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 477
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

For Zillow, 2023 is the year of execution

Housing Wire

With the resilient but still slower housing market conditions of the second quarter of 2023, Zillow reported that traffic to its apps and site was at 226 million average monthly unique users, down from 234 million a year ago. Barton also presented Zillow’s product roadmap, touching on different updates and projects underway.

Agents 357
article thumbnail

Is it really the worst time ever to buy a house in the U.S.? 

Housing Wire

To make matters worse, home-price growth in 2020 and 2021 was so high that it surpassed the five-year price-growth model of 23% I had set for 2020-2024, and that was just to be in an OK position going into 2025. So, I agree with the consumer survey and keep saying this is the unhealthiest housing market post-2010.

Inventory 370
article thumbnail

Is it really the worst time ever to buy a house in the U.S.? ?

Housing Wire

To make matters worse, home-price growth in 2020 and 2021 was so high that it surpassed the five-year price-growth model of 23% I had set for 2020-2024, and that was just to be in an OK position going into 2025. So, I agree with the consumer survey and keep saying this is the unhealthiest housing market post-2010.

Inventory 370
article thumbnail

Are home sellers finally coming back to the market?

Housing Wire

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?

Sellers 433
article thumbnail

Eastside Residential Market Sees Big Gains in Sales, Prices

Will Springer Realtor

Despite a challenging financing environment, the Seattle/King County housing market is moving forward. And that is to be expected as the market wakes out of its early year hibernation into the spring buying and selling season. However, we are missing the typical boost of sellers. More on this in a moment.)