Housing Wire

FEBRUARY 29, 2024

month over month in January, according to the newest data from the National Association of Realtors (NAR). Meanwhile, new home sales , which are also a measure of contract signings, reached a seasonally adjusted annual rate of 661,000 in January, up 1.5% Overall active inventory improved 7.9% Pending home sales dropped 4.9%

Contracts 371

Contracts Inventory Realtors New Listings 371

Housing Wire

APRIL 25, 2024

“I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We There is no way you can stay on top of things unless you hire someone to watch new listings pop up every 10 minutes. We are going to see an increase in inventory.

Buyers 374

Buyers Marketing Inventory Investors 374

Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. million, according to the N ational Association of Realtors. On the bright side, housing inventory rose 1.8% On the bright side, housing inventory rose 1.8%

Inventory 377

Inventory Realtors New Listings Contracts 377

Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Headwinds like mortgage rates , low inventory and rising rents are still strong, but easing,” Zillow Senior Economist Orphe Divounguy, said in a statement.

Housing Market 374

Housing Market Marketing Training New Listings 374

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. But new listings activity grew by 9.1%

Contracts 445

Contracts Housing Market Construction Inventory 445

Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The top three spots in the ranking were Buffalo, New York, and Cincinnati and Columbus, Ohio. The real estate market As of Jan.

Housing Market 386

Housing Market Marketing Logistics Real Estate 386

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.

Inventory 472

Inventory Housing Market New Listings Buyers 472

Housing Wire

JANUARY 20, 2023

million, according to a report from the National Association of Realtors (NAR) released Friday. 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. from November to a pace of 4.02 A total of 5.03

Inventory 338

Inventory Housing Market Realtors Buyers 338

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 Even if we get more listings, it is not going to be enough for people.

Housing Market 391

Housing Market Buyers Agents Marketing 391

Housing Wire

SEPTEMBER 19, 2023

Meanwhile, the available inventory of unsold homes is growing. This week, inventory grew faster than it did last year at this time. This week was the biggest week of inventory increase all year, with inventory growing by over 9,000 single-family homes. It’s not unusual for a little jump in new listings in September.

Housing Market 405

Housing Market Marketing Inventory New Listings 405

Housing Wire

FEBRUARY 23, 2024

Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. This is nothing dramatic, but similar to what we saw in 2023 when mortgage rates rose from 5.99% up to 7.25%. From NAR : Total existing-home elevated 3.1%

Inventory 423

Inventory Mortgage New Listings Marketing 423

Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.” Like elsewhere in the country, Indiana has struggled with housing inventory. According to Altos Research, as of Feb.

Housing Market 395

Housing Market Marketing Inventory Construction 395

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. Existing home sales have more legs to go lower, especially now that new listing data is falling.

Inventory 437

Inventory Housing Market New Listings Mortgage 437

Housing Wire

JULY 20, 2021

Mortgage applications for new home purchases in June decreased 3% from May and 23.8% year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. In 2018-2019, total housing market inventory was in the range between 1.52 in May and a peak of 74.1%

Housing Market 493

Housing Market Marketing Inventory Construction 493

Housing Wire

NOVEMBER 18, 2022

More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement. Total housing inventory at the end of October was 1.22 Unsold inventory sits at a 3.3-month ”

Housing Market 386

Housing Market Marketing Inventory New Listings 386

Housing Wire

AUGUST 27, 2020

in July, the third consecutive month of gains, fueled by low mortgage rates and unprecedented demand from consumers. 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 million, a 1.1%

Contracts 477

Contracts Realtors New Listings Real Estate 477

Housing Wire

JULY 24, 2023

Last week the National Association of Realtors (NAR) reported that existing home sales declined in June to an annual rate of 4.2 The trends in this chart show how quickly home buyers reacted to the big mortgage rate jumps in 2022. You can see why home prices will likely end the year up over 2022 unless mortgage rates spike again.

Inventory 285

Inventory Contracts New Listings Buyers 285

Housing Wire

FEBRUARY 19, 2021

Lawrence Yun, chief economist for the National Association of Realtors , said last month that he expected momentum to carry over from the end of 2020. Sales easily could have been even 20% higher if there had been more inventory and more choices,” Yun said. Total housing inventory at the end of January was 1.04

Inventory 542

Inventory Sellers Real Estate Buyers 542

Housing Wire

JANUARY 29, 2021

drop in November , according to a report from the National Association of Realtors. ” The overall drop in pending home sales over the final quarter of 2020 can be contributed to a lack of inventory, according to Lawrence Yun, NAR’s chief economist. pending home sales dipped to the tune of 0.3% in December following a 2.6%

Contracts 529

Contracts Real Estate Housing Market Technology 529

Housing Wire

FEBRUARY 25, 2021

in January from December, according to a report from the National Association of Realtors. And inventory shortages are the culprit. It’s no secret that low mortgage rates and societal shifts brought on by COVID-19 have collided to form a red-hot housing market. For the fifth consecutive month , U.S. million in 2020.

Supply Chain 399

Supply Chain Inventory Housing Market Contracts 399

Housing Wire

AUGUST 10, 2023

With regular reports and data coming out on what’s blocking inventory growth, the biggest factors impacting rates and the latest shifts in home sales, there’s a lot of information out there to help you inject more confidence into your business strategy. Logan Mohtashami: Inventory is still savagely unhealthy.

New Listings 268

New Listings Inventory Business Marketing 268

Housing Wire

OCTOBER 21, 2022

On Thursday the National Association of Realtors reported that we had a 23.8% year-over-year decline in existing home sales in September and total inventory has now fallen on back-to-back reports. The role of mortgage rates. Not only did mortgage rates break above 4%, we are now over 7%. However, going from 2.5%

Housing Market 283

Housing Market Inventory New Listings Mortgage 283

Housing Wire

JANUARY 19, 2024

We don’t have any data that shows sales are crashing from this low level: this is key when looking at the future because it does give us a place to grow sales as long as mortgage rates fall. Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year.

Housing Market 405

Housing Market Inventory Contracts Marketing 405

Housing Wire

MAY 21, 2021

million, the National Association of Realtors reported on Friday. “New listings volume got a decent bump in March and April, and more people believe it’s a good time to sell a home than at any time since the pandemic began.” ” While borrowers battle it out in the bidding trenches, unsold inventory sits at a 2.4-month

Inventory 413

Inventory Buyers New Listings Marketing 413

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. With shut-down orders in the spring, summer became the new home-buying season, but homebuyers were still incredibly active in August. Over the last four weeks ending on Sept.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

MARCH 12, 2021

Trulia and the National Association of Realtors are also named in the suit. Zillow now has brokerage licenses in all 50 states , which has allowed it to transition from being a listing distribution partner to a member of NAR and local Realtor associations, giving the company access to Internet Data Exchange (IDX) feeds.

Real Estate 465

Real Estate Brokerage Realtors Real Estate Agent 465

Housing Wire

JULY 20, 2023

The existing home sales market has stabilized from its waterfall drop in demand but is having difficulty growing sales with 7% mortgage rates. Even with mortgage rates near or above 7% for two months, we haven’t seen dramatic moves in the purchase application data or active and new listings data. Inventory between 1.52-1.93

Marketing 327

Marketing Housing Market Inventory New Listings 327

Housing Wire

NOVEMBER 16, 2020

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. Viescas added that, in El Paso County, there were 2,520 active Realtors as of Nov. Thank goodness Realtors were deemed essential.”.

Housing Market 408

Housing Market Real Estate Agent Marketing Real Estate 408

Cleveland Appraisal Blog

JANUARY 5, 2023

How have the rapidly increasing mortgage interest rates impacted the housing market in Northeast Ohio? While we still have a significant shortage of housing inventory in Cuyahoga County, we had more active listings last month than we had in December 2020 and 2021. Something else to watch is housing inventory.

Housing Market 369

Housing Market Marketing Appraisal Inventory 369

Empire Appraisal Group

JUNE 22, 2023

Why Few Listings? 82% Have a Mortgage Rate Below 5% Source: [link] By Kerry Smith Homeowners don’t want to lose a mortgage rate that saves them hundreds of dollars a month. And of today’s owners with a mortgage, 1 in 4 enjoys a rate less than 3%. Rates for current homeowners with a mortgage Below 6% : 91.8%

Mortgage 78

Mortgage Sellers Buyers New Listings 78

Housing Wire

MAY 20, 2022

According to the Hilton Head Area Association of Realtors , the median home sale price jumped 15.3% One of my agents has a client who is making an offer on a house that will probably end up going for over $250,000 over list price and most of what we are seeing is either all cash offers or eliminating contingencies.”.

Housing Market 364

Housing Market Marketing Real Estate Agent Real Estate 364

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. An increase in active inventory as well as new listings is great news for buyers!

New Listings 53

New Listings Real Estate Inventory Sellers 53

Empire Appraisal Group

MARCH 16, 2023

NEWS & MEDIA sorbetto / Getty Images Source: Hard Convincing Sellers Not to Overprice? Use Data | Florida Realtors Hard Convincing Sellers Not to Overprice? Use Data By Jennifer Warner Florida Realtors economist : Many sellers today plan to overprice their home, but overpricing isn’t new.

Sellers 78

Sellers Inventory Realtors Clients 78

Will Springer Realtor

APRIL 9, 2024

For housing and mortgage professionals, however, these apparent highlights are persistent nuisances. New listings (+17%), available homes at the start of April (+5.0%) and listings going under contract – also known as Pending sales – (+24%) were solidly higher when comparing month to month. Inventory stood at 1.3

Marketing 60

Marketing Inventory Buyers Sellers 60

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

AUGUST 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. The inventory crisis last year caused supply to drop lower than ever by fall and into the winter, which in turn caused prices to continue to increase significantly with demand.

New Listings 60

New Listings Inventory Buyers Realty 60

Empire Appraisal Group

JANUARY 4, 2023

Florida Realtors. NEW YORK – The U.S. Demand has plummeted as mortgage rates hit a two-decade high, but prices haven’t declined much in part because supply remains correspondingly low. The start of the year, of course, is when homeowners and real estate agents start to bring new inventory to market.

Inventory 78

Inventory Open Houses Sellers Real Estate 78