Housing Wire

MARCH 6, 2024

Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates. percentage points—sellers take notice. Facing these realities, many would-be sellers decide to stay put. This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings.

Mortgage 381

Mortgage Sellers New Listings Buyers 381

Housing Wire

MAY 8, 2024

Since most sellers are buyers, inventory should be stable if demand is stable. This is what happened post 2010: The millennials started to buy homes in 2013 and they finance 90% of those homes. Now, nobody is listing their homes to sell and buy unless they’re 100% pre-qualified. Demographics also play a role here.

Inventory 416

Inventory Law New Listings Sellers 416

Housing Wire

APRIL 19, 2024

High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market. A surge in new listings of luxury homes was not enough to curb the price growth associated with rising demand. New listings of luxury homes soared 18.5% Buyers are looking for that again.

Luxury Properties 406

Luxury Properties New Listings Buyers Housing Market 406

Housing Wire

SEPTEMBER 13, 2022

Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter. It wasn’t the rate move that caught my attention — it was the new listing data. As you can see below, that sharp move to 6.25% caused new listing data to stall at first.

Mortgage 513

Mortgage Inventory New Listings Sellers 513

Housing Wire

DECEMBER 14, 2023

Meanwhile, new listing activity also inched up slightly in recent weeks, another good sign for homebuyers who have more options. One LO said he quoted an FHA borrower at 5.7%. A promising winter market Business for the mortgage industry has picked up considerably since Thanksgiving, with homebuyers jumping on lower rates.

Mortgage 476

Mortgage New Listings Loan Officers Inventory 476

Housing Wire

APRIL 18, 2024

In an interview today with Yahoo Finance , I discussed how home prices are still rising this year. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% from the previous year ($375,300). All four U.S. regions registered price gains. million, and in 2007, it peaked at 4 million.

Inventory 472

Inventory Housing Market New Listings Buyers 472

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. King County new listings fell 13% from June to July (2158), led by a 20% slide in Seattle (690). on the Eastside. The county saw a 4.9%

Sellers 60

Sellers Buyers New Listings Inventory 60

Housing Wire

NOVEMBER 21, 2023

Prospective home buyers experienced another difficult month due to the persistent lack of housing inventory and the highest mortgage rates in a generation,” NAR Chief Economist Lawrence Yun said in a statement. The median existing- home price for all housing types in October was $391,800, down from $394,300 in September but up 3.4%

Inventory 377

Inventory Realtors New Listings Contracts 377

Housing Wire

AUGUST 18, 2023

Not prequalifying is unprofessional and can waste your time and the sellers. All pricing scripts are best used at the listing table! Don’t lose the listing of a motivated, have-to-sell seller over price. If they have sell, you have to take the listing! Are homes selling on average for 105% of the list price?

Sellers 350

Sellers Construction Real Estate Finance 350

Will Springer Realtor

MAY 9, 2023

The chart (below) puts it in sharp focus: Except for the pandemic year of 2020 when there were 2559 new listings that April, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. Where are all the sellers? There are 1.7 months in Seattle and 1.2

New Listings 59

New Listings Inventory Buyers Sellers 59

Housing Wire

OCTOBER 20, 2023

In this article, we’ll share ideas and tips, including the best way to present new listings and how to engage your followers with valuable educational content. Be sure to label on the photo or video that your post is a new listing, as people may miss the caption while scrolling.

Real Estate 342

Real Estate Agents Real Estate Agent Clients 342

Housing Wire

JULY 20, 2023

With record-low inventory nationwide, real estate agents seem to be hearing the same thing day in and day out: “I’d list my home, but where would I move?” For most agents, that’s the end of the conversation, ending the possibility of taking a new listing as well as facilitating the buyer side. Next, the house is new.

Sellers 273

Sellers Clients Inventory Agents 273

Housing Wire

JANUARY 22, 2024

Indianapolis, which had 880,600 residents as of July 2022, offers a very strong and steady real estate market that attracts buyers looking for a more affordable lifestyle. In 2024, she is optimistic that sellers will sell and more buyers will come to the market, as there is a big pent-up demand.

Housing Market 386

Housing Market Marketing Logistics Real Estate 386

Housing Wire

MARCH 1, 2024

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. With existing inventory down, Schuler said new construction has taken on a larger role in his market.

Housing Market 395

Housing Market Marketing Inventory Construction 395

Housing Wire

SEPTEMBER 7, 2023

Rising mortgage rates mean rising inventory as home buyer demand slows quickly. Mortgage rates have been rising, making homes more expensive to buyers and obviously slowing demand. This is an effective illustration of the impact this year’s higher mortgage rates are having on home buyer demand. Mortgage rates peaked at 7.5%

Contracts 402

Contracts Inventory Buyers New Listings 402

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. New data from the U.S. Mortgage rates followed suit, walloping buyers’ purchasing power.

Inventory 383

Inventory Sellers Mortgage Marketing 383

Housing Wire

MARCH 29, 2024

Buyers are still buying and sellers are still selling. We definitely noticed a downturn last year, which coincided with interest rates going up, and buyers just put the brakes on things and wanted to wait to see what was going to happen. It is going to be a more popular homebuying season for first-time buyers,” Losey said.

Housing Market 353

Housing Market Agents Marketing Inventory 353

Housing Wire

NOVEMBER 28, 2023

Home prices rallied in September, as homebuyers still outnumbered sellers. Home prices are expected to slow in the fourth quarter of 2023 Higher rates combined with a typical seasonal slowdown should push down the number of buyers on the market. Home prices posted a 3.9% annual gain in September, up from a 2.5%

New Listings 327

New Listings Contracts Inventory Sellers 327

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% While there were 5.8% There are 7.4%

Finance 68

Finance Inventory Construction Buyers 68

Housing Wire

NOVEMBER 5, 2023

Real estate prospecting is a necessary activity for agents aiming to build a robust pipeline of buyer and seller leads. However, it often yields quicker results as it entails direct engagement with potential buyers and existing property owners. It could be next week, it could be next year. Why not join them?

Real Estate 387

Real Estate Tools Real Estate Agent Open Houses 387

Housing Wire

MARCH 8, 2024

The mailers are titled “Notice of Proposed Settlements” and they began hitting the mailboxes of home sellers in mid-February. We’ve signed 47 new listings year to date, and we’ve had plenty of conversations with other sellers that we didn’t sign, but there are a lot more conversations surrounding transparency,” Posnick said. “It

Agents 377

Agents Legal Realtors Clients 377

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. What does this mean for Buyers ? What does this mean for Sellers ?

New Listings 53

New Listings Real Estate Inventory Sellers 53

Housing Wire

FEBRUARY 9, 2024

If you target luxury buyers and sellers, it’s worth considering this investment, which also comes with the ability to choose a DIY or done-for-you build-out. It gives you a “first mover advantage”, providing robust follow-up tools that help you nurture potential seller clients with ease.

Tools 411

Tools Real Estate Marketing Real Estate Agent 411

Will Springer Realtor

APRIL 9, 2024

“Cold water” comes from the central bank’s intent to maintain high financing costs for banks that borrow from other financial institutions. Despite a challenging financing environment, the Seattle/King County housing market is moving forward. However, we are missing the typical boost of sellers. above the list price.

Marketing 60

Marketing Inventory Buyers Sellers 60

Lamacchia Realty

MARCH 29, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by fall and into the winter, which in turn caused prices to continue to increase significantly.

New Listings 53

New Listings Inventory Realty Buyers 53

Empire Appraisal Group

MARCH 11, 2021

Buyers | Florida Realtors. It adds yet another challenge for local buyers. They describe how local buyers have lost out to COVID-driven buyers from New York and other northern states. That’s going to squeeze out locals using financing. Ever since January it’s been more of a Northeast buyer,” he said.

Buyers 78

Buyers Real Estate Realtors Brokerage 78

Lamacchia Realty

APRIL 27, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by fall and into the winter, which in turn caused prices to continue to increase significantly.

New Listings 55

New Listings Bracketing Inventory Realty 55

Lamacchia Realty

FEBRUARY 27, 2023

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. Broward County In January of 2023, Broward County single-family and condo/townhome closed sales, new listings, and pending sales decreased.

New Listings 54

New Listings Buyers Realty Sellers 54

Will Springer Realtor

AUGUST 11, 2023

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. An index score of 100 means that a buyer with a median U.S. income can qualify for financing on a median-priced home. In the 1990s, one-third of new homes were smaller than 1800 sq.

Buyers 36

Buyers Development Construction New Listings 36

Will Springer Realtor

FEBRUARY 13, 2024

The market is now in the process of thawing after a lengthy cool down, as buyers begin anew to seek change in their home dynamics. There is plenty of pent-up demand from prospective buyers who have watched for months from the sidelines as financing costs remained untenable. higher than January 2023. fewer (1842) than on Jan.

New Listings 54

New Listings Buyers Inventory Lending 54

Lamacchia Realty

MAY 26, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by fall and into the winter, which in turn caused prices to continue to increase significantly.

New Listings 36

New Listings Bracketing Inventory Realty 36

Empire Appraisal Group

JANUARY 4, 2023

Buyer demand has dropped due to rising rates, and seller supply slowed too, creating an uneasy balance. But if buyers drop or sellers expand more, it will impact prices. NEW YORK – The U.S. What Could Make Home Prices Drop in 2023? Source: What Could Make Home Prices Drop in 2023? Florida Realtors.

Inventory 78

Inventory Open Houses Sellers Real Estate 78

Lamacchia Realty

JULY 22, 2022

Sales are down now due to major mortgage rate increases crushing buyer affordability, and other buyers are pulling out of the home search with concerns of buying at the top of the market. Homes Listed for Sale. There were 49,839 new active listings in the first half of 2022 compared to 53,823 last year , a 7.4%

Sellers 73

Sellers Buyers Inventory Contracts 73

Will Springer Realtor

DECEMBER 12, 2023

The Eastside led the way with a 33% drop-off in new listings (420) and Seattle fell 31% (586). By comparison, there were exactly 2900 new listings across our county in November 20 years ago. While it joined the single-family category with far fewer new listings (down 33% in the last month alone!) higher YoY.

Housing Market 42

Housing Market Marketing New Listings Buyers 42

Will Springer Realtor

JANUARY 9, 2024

Perhaps too late in the year to make a difference to many, at least the Fed’s upbeat forecast offers renewed hope for the pent-up pool of prospective buyers – possibly sellers, too – to seek out a new home in the coming 12 months. The 802 new listings in December was a low not seen since records were archived online from 1990.

Housing Market 61

Housing Market Marketing Inventory Lending 61

Lamacchia Realty

JANUARY 24, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. Broward County single family sales, new listings and pending sales decreased, but average price increased year over year. Broward County. What's Ahead?

New Listings 49

New Listings Inventory Buyers Realty 49

Lamacchia Realty

FEBRUARY 25, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by fall into winter, which in turn caused prices to continue to increase significantly. Broward County.

New Listings 41

New Listings Inventory Realty Buyers 41