Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I I have buyers that are looking, but to find a house that you love enough to pay a high price for — and to be at over a 6.5%

Inventory 371

Inventory Buyers Agents Real Estate 371

Housing Wire

APRIL 1, 2024

At the same time, seller volume dried up. But now sellers are coming back into the market. Total available inventory is gradually climbing about 1% per week — last year it was still declining in April. As we roll into the second quarter, we should have accelerating inventory growth each week.

Inventory 457

Inventory New Listings Contracts Sellers 457

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. In some markets, more than 50% of active listings have experienced a price cut, according to Altos Research. the month prior.

Sellers 494

Sellers Buyers Inventory Real Estate Agent 494

Housing Wire

MAY 8, 2024

Housing credit channels directly impact housing inventory channels. Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. This matters because inventory was already heading toward all-time lows before COVID-19.

Inventory 417

Inventory Law New Listings Sellers 417

Housing Wire

MAY 23, 2024

The market continues to grapple with insufficient inventory , Redfin reported. New listings have risen approximately 8% compared to last year, yet overall inventory remains below typical spring levels. Simultaneously, persistently high housing costs have driven pending home sales down by 4.2%

Inventory 345

Inventory Sellers New Listings Buyers 345

Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We being outbound. “We

Inventory 291

Inventory Housing Market Marketing Real Estate 291

Housing Wire

AUGUST 22, 2023

“Home sellers are buyers” — this is a phrase that I have been using in my economic work to explain the reality of the housing market recently. So, when home prices and mortgage rates rise so quickly, some sellers won’t list , which means they’re not buying either. Unsold inventory sits at a 3.3-month

Sellers 353

Sellers Marketing Inventory Housing Market 353

Housing Wire

APRIL 25, 2024

“It is extremely competitive,” DeRoussel said of the Cincinnati housing market. “We Buyers are really struggling.” According to data from Altos Research , the Cincinnati metro area (which includes portions of Ohio, Kentucky and Indiana) currently has a Market Action Index score of 54, while the state of Ohio has a score of 55.

Buyers 376

Buyers Marketing Inventory Investors 376

Housing Wire

APRIL 8, 2024

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. Here’s how 2024 is shaping up: There are now more listings, more active inventory and more sales than a year ago. We’re slowly emerging from a supply-constrained market.

Inventory 442

Inventory Contracts New Listings Sellers 442

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 365

Insurance Inventory Marketing Real Estate 365

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

Housing Market 392

Housing Market Buyers Agents Marketing 392

Housing Wire

MAY 21, 2024

The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday. NAR has also advocated for the VA to change its rule around buyer broker compensation.

Buyers 510

Buyers Agents Real Estate Agent Real Estate 510

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. We still see more sellers than last year. This the first inventory increase of the year.

Sellers 402

Sellers Inventory New Listings Contracts 402

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. Since 2020, the seasonal inventory bump has happened later than usual — not until March or April.

Inventory 511

Inventory Housing Market Marketing New Listings 511

Housing Wire

APRIL 15, 2024

How will homebuyers and sellers react and how quickly can we measure it? Higher mortgage rates have forced available inventory to climb all year. Housing inventory There are now 526,000 single-family homes active unsold on the market. jump in unsold inventory in a week is very notable. That’s up 2.6%

Inventory 374

Inventory Mortgage New Listings Sellers 374

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. At the time, I observed that even if mortgage rates stayed flat, the momentum seemed to be in the cards for broad, slow growth in the market. I talk frequently about how rising rates creates rising inventory.

Inventory 385

Inventory New Listings Sellers Contracts 385

Housing Wire

OCTOBER 3, 2023

As housing inventory builds in the housing market due to waning buyer activity, home prices show little to no signs of letting up. Inventory continues to move up Available inventory of single-family homes for sale this week rose to 535,000 units, up 1.2% Fewer offers are being made, so inventory is building.

Inventory 392

Inventory Sellers Buyers New Listings 392

Housing Wire

MARCH 2, 2024

The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. Let’s take a look at the inventory data this year to test this premise, since for many months it has been a working theory of mine that new listings data behavior last year marked a bottom and even going into 2024 we should see more sellers.

Inventory 531

Inventory Mortgage New Listings Housing Market 531

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey. In a similar vein, “getting listings” was the third-largest hurdle cited by agents.

Inventory 366

Inventory Agents Real Estate Sellers 366

Housing Wire

MAY 14, 2024

“Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said. Nationwide, the share of buyers who are first-time buyers has risen in recent months. Nationwide, the share of buyers who are first-time buyers has risen in recent months.

Buyers 360

Buyers Inventory Landlords Real Estate 360

Housing Wire

JANUARY 16, 2023

Housing inventory increased by 1,339 homes nationwide. The weekly data shows some good news for the housing market ! The weekly inventory data, which had fallen faster than I had anticipated the last few weeks, has now seen a slight uptick. Weekly housing inventory. Weekly inventory change: (Jan.

Inventory 531

Inventory Housing Market Marketing Mortgage 531

Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. Since May 15, that trend has continued to the point that inventory in America is now negative year over year. We have often discussed that the housing market dynamics changed starting Nov. In March of 2022 we had the lowest inventory levels ever recorded in history.

Inventory 448

Inventory Housing Market Marketing New Listings 448

Housing Wire

MARCH 30, 2023

But while rates have dropped, the housing market has continued to be challenged by low inventory levels. Altos Research data shows that the weekly inventory fell from 414,278 on March 17 to 413,169 on March 24. Altos Research data shows that the weekly inventory fell from 414,278 on March 17 to 413,169 on March 24.

Inventory 509

Inventory Housing Market Marketing Mortgage 509

Appraisal Buzz

MAY 20, 2024

As an appraiser, you’re already familiar with buzzwords like seller’s and buyer’s markets. A seller’s market indicates demand is high and inventory is low, while a buyer’s market means inventory is high and demand is low. Navigate a seller’s market by considering the following.

Appraisal 370

Appraisal Marketing Sellers Valuation 370

Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Does that mean we are heading back to all-time lows in inventory again for 2023? During the last four weeks and especially this past week, we are seeing inventory decline faster than expected. Weekly housing inventory. 30, 2022-Jan.

Inventory 520

Inventory Housing Market Marketing New Listings 520

Housing Wire

JUNE 5, 2023

“In a sense, the gridlocked housing market has been feeding on itself,” Andy Walden , VP of enterprise research strategy at Black Knight, said. Tightening credit availability, elevated rates, inventory shortages and strengthening home prices are adding to affordability challenges, the report notes. In turn, the 100 largest U.S.

Inventory 378

Inventory Buyers Housing Market Mortgage 378

Housing Wire

MAY 17, 2023

Incenter Diligence Solutions , a provider of due diligence and document management services for the mortgage industry, announced on Wednesday that it has expanded offerings for the mortgage servicing rights (MSR) trading market. “Buyers and sellers need a diligence firm that can customize reporting in a timely manner.

Sellers 329

Sellers Buyers Clients Technology 329

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

Real Estate 471

Real Estate Buyers Agents Sellers 471

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Real Estate Agent 404

Real Estate Agent Real Estate Buyers Agents 404

Housing Wire

APRIL 6, 2022

Nearly 65% of homeowners planning to sell this year expect to list by the end of summer, which should provide a much-needed influx of inventory that should slow the explosive home price growth seen during the pandemic, according to a Realtor.com survey of prospective sellers.

Inventory 471

Inventory Sellers Buyers Marketing 471

Housing Wire

JANUARY 12, 2023

The housing inventory shortage dominated much of the conversation surrounding the housing market in 2022, but thanks to softening homebuyer demand, the number of active listings finished the year up 54.7% Despite this sizable yearly increase, active housing inventory was down 33.4% compared to December 2019 and 38.2%

Inventory 519

Inventory Buyers New Listings Sellers 519

Housing Wire

JUNE 25, 2023

Summer is here, and housing inventory is finally growing! The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. Here’s a quick rundown of the last week: Active inventory grew 8,886 weekly.

Inventory 404

Inventory Housing Market Marketing New Listings 404

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. Mortgage rates followed suit, walloping buyers’ purchasing power. New data from the U.S.

Inventory 384

Inventory Sellers Mortgage Marketing 384

Housing Wire

FEBRUARY 23, 2024

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb. Altos considers anything over 30 to be a seller’s market.

Housing Market 464

Housing Market Marketing Inventory Buyers 464

Housing Wire

JANUARY 13, 2024

Last week, housing inventory grew and the number of price cuts fell, which is expected at this time of the year. I hope the next thing we see is housing inventory grow at the level it typically does in January or February instead of being delayed until March or April. So let’s hope for more home sellers in 2024.

Inventory 520

Inventory New Listings Retail Mortgage 520

Housing Wire

APRIL 5, 2024

As of March 29, the San Francisco-Oakland-Fremont metropolitan area was the fourth-hottest housing market in the country. The Bay Area metro had a 90-day average Market Action Index score of 61.19, according to data from Altos Research. Altos considers anything above a Market Action Index of 30 to be a seller’s market.

Housing Market 377

Housing Market Marketing Inventory Agents 377

Housing Wire

NOVEMBER 25, 2023

Lower mortgage rates tend to take housing supply off the market and demand has been picking up lately as rates have fallen. However, the recent drop in housing inventory has more to do with seasonality factors than lower mortgage rates. The question now is what will inventory look like in the spring if mortgage rates keep falling?

Inventory 522

Inventory Mortgage New Listings Buyers 522