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Residential real estate activity picks up despite low inventory

Housing Wire

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. New York – The residential sales market has been strong across the District.

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Zillow and Redfin partner on new construction listings

Housing Wire

Zillow Group ‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market. New single-family home sales rose 23.8% New single-family home sales rose 23.8%

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How to make at least $100,000 in 100 days as a real estate agent

Housing Wire

Real estate agents: You can turn the next quarter into your best one yet by following this profitable and proactive plan. There are people who will absolutely be buying or selling real estate in the next 100 days. The only question is whether you will be the one to list (or sell) the next homes in your market.

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Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes

Housing Wire

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 346
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Unsold inventory is rising across the country

Housing Wire

Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. New listings climbed during the past week and there are now 72,000 more single-family homes on the market.

Inventory 511
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Indiana’s housing market is primed to bounce back in 2024

Housing Wire

Last year was a tough one for the Indiana real estate market. We were up year over year in inventory , but we were at a 25 year low on new listings.” Both buyers and sellers are coming back to the market,” Fischer said. Very few new construction homes are going up in our area,” Diamond said.

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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 375