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. The price of new listings is dropping. or even 7%, buyers once again stopped abruptly.

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Real Estate Marketing Inventory Sellers 320

Housing Wire

MAY 3, 2024

To that I say, timing is everything in real estate. As the spring selling season kicks off, many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase. In Denver in particular, new listings increased 29.12% month-over-month and 22.63% year-over-year.

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Inventory Lending Real Estate Housing Market 352

Housing Wire

MARCH 12, 2021

Real Estate Exchange (REX) filed an antitrust lawsuit Tuesday in federal court against Zillow , accusing the company of anticompetitive behavior related to showing certain homes on its platform. Real Estate Tech Demo Hour. Tune in March 16th to experience demos from the most innovative real estate technology solutions.

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Real Estate Brokerage Realtors Real Estate Agent 475

Housing Wire

MAY 28, 2021

“We are seeing a typical late-spring slowdown in new listings and pending sales, but prices don’t typically peak until late August, and their growth remains completely unhinged,” said Daryl Fairweather, Redfin’s chief economist. ” How real estate agents can alleviate consumer pain points in a tight market.

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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 There were nine new pending contracts for every 10 new listings, a slower rate than the 9.9

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Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

MAY 8, 2024

Robert Reffkin is confident that Compass and its agents have what it takes to continue growing and succeeding in the changing real estate environment. “In We have brought down expenses and continue to grow our agent count and inventory advantage,” Reffkin said. First, more buyers are using agents in 2023 than in 2003.

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Agents Brokerage Real Estate Clients 382

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. Of course this isn’t the healthiest housing inventory story. from the previous year ($375,300). All four U.S.

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Inventory Housing Market New Listings Buyers 486

Housing Wire

JULY 28, 2023

New listings of starter homes dropped 23% from a year earlier in June, the biggest drop since the start of the pandemic, the report found. Austin buyers must earn $92,000, down 3.3% year over year, and Phoenix buyers must earn $86,100, down about 1%. In June, the typical starter home sold for a record $243,000, up 2.1%

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Buyers Housing Market Investors Real Estate 370

Housing Wire

SEPTEMBER 22, 2023

Adding to buyers’ affordability pain, median home prices rose 3.4% Meanwhile, available inventory continues to dwindle as many homeowners stay put to keep their relatively low mortgage rates. 17, total active listings were at 806,701, down 16.2% New listings are down 6.7% For the four weeks ending Sept.

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New Listings Inventory Buyers Mortgage 449

Housing Wire

DECEMBER 21, 2022

In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun.

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Inventory New Listings Housing Market Sellers 525

Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. But now this is a real risk. We are getting closer to that period where total inventory traditionally falls. The parts of the U.S.

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Mortgage Inventory New Listings Sellers 518

Housing Wire

FEBRUARY 14, 2024

Meanwhile, other homes are lingering on the market for months and driving up the typical age of listings on Zillow to 72 days. To lure more buyers, sellers are coming to terms with the market conditions and are agreeing to apply price cuts to their homes. Total inventory was up more than 3% from January 2023. year over year.

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New Listings Sellers Housing Market Buyers 401

Housing Wire

JANUARY 20, 2023

December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates,” Lawrence Yun, NAR’s chief economist, said in a statement. But as sales slowed in December, the inventory of unsold existing homes also receded, dropping 13.4% A total of 5.03 year over year.

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Inventory Housing Market Realtors Buyers 372

Housing Wire

JULY 29, 2022

metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market. Table 1, below, reports the 10 hottest U.S.

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Housing Market Sellers Marketing New Listings 405

Housing Wire

APRIL 5, 2022

Home price appreciation in February climbed 20% over the previous year, marking the 12th month of consecutive double-digit gains , according to figures released Tuesday by real estate analytics firm CoreLogic. A key shift will come in inventory levels, suggests Frank Nothaft, chief economist at CoreLogic.

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Sellers Inventory New Listings Real Estate 454

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. On the bright side, housing inventory rose 1.8% lower than October 2022 when inventory was at 1.22 All four U.S.

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Inventory Realtors New Listings Contracts 403

Housing Wire

JULY 13, 2021

bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns, said Laura Sechrist Molenda, a Redfin real estate agent based in Southern California. But recently, we’ve started to see buyers get cold feet. million and 1.92 million to 5.61

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Inventory Housing Market Real Estate Agent Buyers 497

Housing Wire

JUNE 21, 2023

Move-up buyers made up just 11% of sellers in May, while those looking for a smaller home accounted for 12% of all sellers. of sales were rental or investment properties or second homes , according to a survey of 1,063 listing agents. of buyers in the region paid above the seller’s original list price. a month ago.

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Sellers Investing Inventory Buyers 345

Housing Wire

MAY 20, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. This rapid increase in prices, coupled with local housing inventory dropping over 50% in 2021, has meant times are tough for buyers looking to settle in Bluffton. Bluffton, South Carolina.

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Housing Market Marketing Real Estate Agent Real Estate 397

Housing Wire

MARCH 6, 2024

This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings. This data, courtesy of Altos, shows that new listings retreat when rates rise and accelerate when rates fall: High rates are bad, too, for the sellers who decided to list their homes.

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Mortgage Sellers New Listings Buyers 422

Housing Wire

DECEMBER 28, 2022

The last time we saw prices decline, the combination of declining prices and bad mortgages forced inventory onto the market. This time, declining prices are likely tempering the pace of inventory going onto the market rather than accelerating. Since the beginning of 2020, inventory levels have been historically low.

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Housing Market Marketing Inventory Mortgage 487

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.

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Sellers Clients Inventory Agents 284

Housing Wire

APRIL 26, 2023

Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. Prices are still expensive, forcing buyers to look at less expensive homes or areas not as preferred. There are still so many borrowers looking to purchase a home.

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Mortgage Loan Officers New Listings Government 395

Housing Wire

APRIL 3, 2023

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., “In many areas of the country, that dynamic – low inventory and a modest rise in demand – led to an uptick in home prices.”

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Inventory New Listings Housing Market Mortgage 395

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. From the index : I know it seems strange, but existing home sales are falling, and the monthly supply of new homes is at 10.9 Housing inventory issue with no booming demand.

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Inventory New Listings Law Housing Market 383

Housing Wire

SEPTEMBER 22, 2022

Existing home sales have more legs to go lower, especially now that new listing data is falling. A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. million to 1.28

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Inventory Housing Market New Listings Mortgage 453

Housing Wire

AUGUST 27, 2020

year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”.

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Contracts Realtors New Listings Real Estate 481

Housing Wire

NOVEMBER 28, 2023

In September, existing home sales fell, while pending home sales and new home sales rose compared to the previous month. Low levels of existing home inventory contributed to keeping home prices elevated. Simultaneously, new listing volume is up at the end of November, which might cool home prices down.

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New Listings Contracts Inventory Sellers 374

Sacramento Appraisal Blog

FEBRUARY 7, 2023

There is so much talk about buyers sitting on the sidelines right now, but let’s talk about sellers who are also sitting. This is a local trend, but it’s something showing up in many markets across the country also.

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Sellers Housing Market Marketing Real Estate 325

Birmingham Appraisal

JUNE 28, 2022

Has There Been a Shift In The Real Estate Market? From all indications, there has been a definite shift in the real estate market. 5 Real Estate Stats To Keep An Eye On. 1) Active Listings – Active listings in both Jefferson and Shelby County have increased since February. Conclusion.

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Real Estate Marketing Inventory Sellers 52

Listing Spark

SEPTEMBER 30, 2020

It’s a new month, but it hasn’t gotten any easier for buyers out there. That’s great news if you are a seller though. . In short, huge demand that inventory simply can’t keep up with. As their cost goes up, they pass those along to buyers. What’s driving this? Hard to say.

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Real Estate Marketing Inventory New Listings 69

Listing Spark

JUNE 16, 2023

In this episode of Real Estate Real Fast, Aaron Jistel, the co-founder of ListingSpark and an experienced real estate broker, provides a comprehensive overview of the current state of the Texas real estate market. Listen to the full episode for Spring 2023 trends in the Texas Real Estate Market.

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Real Estate Marketing Inventory Sellers 36

Housing Wire

JUNE 6, 2023

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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Inventory Real Estate Construction New Listings 427

Housing Wire

MAY 30, 2023

Low housing inventory and still-strong demand kept prices high in March, according to the latest according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. The annual growth rate in March 2023 was up 0.7%. On a month-over-month basis, the index was up 1.3% before seasonal adjustment.

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Mortgage Inventory Construction New Listings 404

Hank Miller Team

JANUARY 9, 2024

What is the forecast for the Atlanta real estate market in 2024? The high water marks of late spring '22 are visible Rate shocks bottomed in late '22 and over'23 prices climbed back ending up in all categories Peaks to current see about even list prices with 5-5.5 This assumes that no new listings are added to the market.

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Real Estate Marketing Contracts Sellers 40

Housing Wire

NOVEMBER 18, 2022

Total housing inventory at the end of October was 1.22 Unsold inventory sits at a 3.3-month Inventory levels are still tight, which is why some homes for sale are still receiving multiple offers,” Yun said. .” Both a pullback in demand and limited supply remain vexing problems for the housing market. ”

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Housing Market Marketing Inventory New Listings 413

Housing Wire

NOVEMBER 16, 2020

But the virus has had anything but a negative impact on real estate in El Paso. According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. Interest rates were so low, at 2.5% 7,” Raitu said.

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Housing Market Real Estate Agent Marketing Real Estate 417