Housing Wire

MARCH 18, 2024

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. They climbed starting Jan.

Inventory 384

Inventory New Listings Sellers Contracts 384

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings.

Insurance 363

Insurance Inventory Marketing Real Estate 363

Housing Wire

FEBRUARY 12, 2024

Each week — for several months now — inventory levels of unsold homes on the market has been expanding compared to last year. Even as inventory declined this week, it’s relatively growing compared to a year ago. This week, inventory fell by half a percent. 14,000 of those new listings are already in contract.

Sellers 350

Sellers Housing Market Buyers New Listings 350

Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. What’s happening with inventory? Normally by this point in September, available inventory is declining slightly each week.

Inventory 481

Inventory Contracts New Listings Mortgage 481

Housing Wire

AUGUST 21, 2023

Buyers in this real estate market notice these affordability changes, and so we can see in the data fewer home purchase offers, slightly climbing unsold inventory, and slightly more price reductions for the homes that are on the market. Rising rates make more inventory. So how much inventory will we add this fall?

Inventory 369

Inventory Contracts Buyers Sellers 369

Housing Wire

JANUARY 10, 2024

Between leveraging your personal network, filming YouTube videos and even the unpleasant task of cold prospecting, real estate professionals today wear all the hats. Yet, in a competitive real estate market, agents don’t always have the luxury of investing months into long-term brand-building.

Real Estate 323

Real Estate Real Estate Agent Tools Agents 323

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

MARCH 22, 2024

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. When you buy through our links, we may earn a commission.

Real Estate 364

Real Estate Sellers Real Estate Agent Tools 364

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. Inventory is slowly but steadily increasing over last year, which means slightly more options for buyers this spring. There are now 258,000 single family homes in contract.

Housing Market 524

Housing Market Marketing Inventory Contracts 524

Housing Wire

NOVEMBER 2, 2023

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. These providers offer a rapid and cost-effective means for real estate agents to gather a list of potential clients and ultimately boost sales.

Real Estate 345

Real Estate Real Estate Agent Tools Agents 345

Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. Tightened supply was largely responsible for a 10.6% and West (96.9)

Inventory 493

Inventory Contracts Housing Market Buyers 493

Housing Wire

NOVEMBER 7, 2023

It’s a fact: Buyer-side commissions are no longer a guarantee and no longer an entitlement. Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. For Sale By Owners are the same.

Clients 362

Clients Buyers Real Estate Agent Real Estate 362

Housing Wire

AUGUST 7, 2023

As a result, the available inventory of homes for sale is slightly higher each week. Higher mortgage rates mean higher monthly payments, less affordability for home buyers and slightly fewer transactions. With fewer transactions, inventory is building just a bit as we approach the end of the summer.

Inventory 282

Inventory New Listings Contracts Buyers 282

Housing Wire

JANUARY 19, 2023

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. In other markets, including the Cleveland district, low inventory levels hindered home prices from dropping further.

Inventory 375

Inventory Housing Market Marketing Construction 375

Housing Wire

JULY 17, 2023

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.

Real Estate 283

Real Estate Marketing Inventory Contracts 283

Housing Wire

AUGUST 14, 2023

When we contemplate the potential of AI and Web3 technologies in real estate , it goes beyond simply revolutionizing how consumers search for homes and take ownership of assets. The stakes in real estate are higher, and the cost of making a mistake is substantial. Why was it such a game changer?

Real Estate 329

Real Estate Real Estate Agent Marketing Technology 329

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. of homes that went under contract that month, according to a new report from Redfin. They’re getting cold feet,” said Jaime Moore, a Redfin Premier real estate agent in Reno, Nevada. The median U.S.

Buyers 390

Buyers Mortgage New Listings Real Estate Agent 390

Housing Wire

DECEMBER 19, 2023

The inventory picture There are now 539,000 single-family homes on the market unsold, which is up 3.2% Housing inventory climbed late in the year as mortgage rates rose. Rates are falling now and if that continues, buyers will jump and inventory will fall well into the first quarter of 2024. than last year at this time.

Sellers 424

Sellers Marketing Inventory Contracts 424

Housing Wire

MAY 30, 2024

“The impact of escalating interest rates throughout April dampened home buying, even with more inventory in the market,” NAR chief economist Lawrence Yun said in a statement. New-home sales , which are also based on contract signings, fell 4.7% New-home sales , which are also based on contract signings, fell 4.7% In March , U.S.

Real Estate Agent 326

Real Estate Agent Inventory Realtors Buyers 326

Housing Wire

OCTOBER 24, 2022

In May, I wrote about the signs to watch for a real estate market slowdown. It’s now October, we’ve had the biggest spike in mortgage rates we’ve seen in decades, and all the signs of a slowdown are here: Inventory is rising. Home buyers got spooked when mortgage rates passed 5.5%. The price of new listings is dropping.

Real Estate 308

Real Estate Marketing Inventory Sellers 308

Housing Wire

FEBRUARY 5, 2024

This is not a recipe to keep the home buyer momentum we saw building in December. As mortgage rates remain higher than last year, inventory is higher than last year as well. Remember that the way to more selection for home buyers is with higher mortgage rates. Higher rates equals higher inventory. There are 8.8%

Mortgage 403

Mortgage Inventory Sellers New Listings 403

Housing Wire

APRIL 22, 2024

We’re watching inventory , which continues to grow by 3% each week. Housing inventory When we look at the active inventory of unsold homes on the market, we can definitely see the impact of higher mortgage rates in the past month. Normally, inventory is climbing at this point in the second quarter. Now we’re at 69,000.

Inventory 474

Inventory New Listings Sellers Contracts 474

Housing Wire

MARCH 6, 2024

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

Mortgage Real Estate Inventory Construction 346

Housing Wire

FEBRUARY 20, 2024

Inventory is climbing vs. last year, and home prices have stayed flat for three weeks now. And as demand slows, inventory grows. Inventory is up over last year and is about to turn the corner and start climbing for the spring selling season, probably within a couple weeks. Is it too much inventory?

Mortgage 481

Mortgage Inventory Sellers New Listings 481

Housing Wire

AUGUST 28, 2020

In the age of COVID-19, Peck Barham knew that prospective home buyers would pepper him with questions about home offices as they decamped downtown Birmingham for the spacious suburbs. And about 70% of the people he works with are getting pools installed, specifically buyers with older kids. The post Two home offices?

Real Estate Agent 471

Real Estate Agent Real Estate Agents Buyers 471

Housing Wire

APRIL 29, 2024

The bearish take is that there are many more sellers than buyers and inventory is rising. Even if the imbalance of more sellers than buyers continues, more sales will happen, especially compared to last year at this time. Housing inventory There are now 556,000 single-family homes on the market. orate further?

Sellers 462

Sellers Marketing Inventory Contracts 462

Housing Wire

MAY 13, 2024

Inventory continues to build at the national level, something that’s happening most rapidly in the South. If you need to communicate about the real estate market with buyers and sellers, you should join us. real estate market as of mid-May 2024. It’s the peak season for buyers and sellers.

New Listings 402

New Listings Contracts Inventory Sellers 402

Housing Wire

MARCH 25, 2024

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. Housing inventory The available inventory of unsold homes continued to climb last week. Last year, inventory was still declining in March. Now it’s on the rise.

New Listings 479

New Listings Inventory Contracts Sellers 479

Housing Wire

MAY 21, 2024

For many, buying a home is a complex process, and navigating the real estate market’s rules and regulations can be tricky, especially in states where property sale prices remain a secret. Work with a real estate professional with MLS access In non-disclosure states, the role of real estate agents becomes even more crucial.

Real Estate Agent 395

Real Estate Agent Real Estate Inspection Tools 395

Housing Wire

FEBRUARY 26, 2024

Inventory is rising across the country as home-buying affordability takes another hit. As demand slows, inventory grows. Last year at this time, we were seeing surprising home buyer demand with rates having fallen to the low 6s. Inventory There are now 498,000 single-family homes available unsold on the market around the U.S.

Sellers 401

Sellers Inventory New Listings Contracts 401

Housing Wire

AUGUST 30, 2023

An index of 100 is equal to the level of contract activity in 2001. “The small gain in contract signings shows the potential for further increases in light of the fact that many people have lost out on multiple home buying offers,” said NAR Chief Economist Lawrence Yun. Meanwhile the Northeast (63.2) and the Midwest (77.5)

Inventory 396

Inventory Contracts Buyers Realtors 396

Housing Wire

JANUARY 29, 2024

Homes in contract rises There are more homes in contract now than last year at this time. Sales growth is not guaranteed This week there were 56,000 contracts started for single-family home purchases. Home sales grow There are now 276,000 single family homes in contract — 5% more than last year at this time.

Contracts 390

Contracts Inventory Housing Market Mortgage 390

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. After looking at listings online, a prospective homebuyer typically reaches out to a real estate agent who then gives them a list of recommended lenders and LOs.

Buyers 373

Buyers Agents Loan Officers Real Estate 373

Housing Wire

JANUARY 19, 2023

“Housing starts fell again in December, but there are hopeful signs that builders will see a boost in buyer traffic in the coming months and new housing construction may have bottomed,” Lisa Sturtevant, BrightMLS’ chief economist, said in a statement. Builders watched inventories rise as buyers canceled contracts and new orders dried up.

Inventory 379

Inventory Construction Development Housing Market 379

Housing Wire

SEPTEMBER 30, 2020

” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices. “I 20, the National Association of Realtors said that contract signings were up 23% year over year. Over the last four weeks ending on Sept.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

MAY 28, 2021

Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market. ” How real estate agents can alleviate consumer pain points in a tight market. But that’s not slowing down buyers. from a year ago.

Buyers 413

Buyers Real Estate Agent Real Estate Inventory 413

Housing Wire

MAY 20, 2024

Price reductions typically peak in November before resetting for the holidays and the fresh inventory in the spring. Both dynamics are elevated this year: more of the homes on the market have taken price cuts and the slope is pretty steep — meaning more homes each week are cutting prices because they don’t have offers from buyers.

Inventory 392

Inventory New Listings Sellers Contracts 392