Housing Wire

SEPTEMBER 26, 2023

This is a demand-driven slowdown, because new listings supply is still running 9% to 10% fewer homes for sale each week than this time last year. We’re seeing fewer new sellers each week, but inventory is building as homebuyers wait to see if mortgage rates will come down to make purchases more affordable.

Inventory 482

Inventory Contracts New Listings Mortgage 482

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 couldn’t even see it. It is so hard to compete with that.”

Buyers 383

Buyers Marketing Inventory Investors 383

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. Existing-home sales dropped 4.1% in October from the prior month , reaching a seasonally adjusted annual rate of 3.79

Inventory 384

Inventory Realtors New Listings Contracts 384

Housing Wire

OCTOBER 28, 2022

according to data released Friday by the National Association of Realtors. Yun noted that new listings are down compared to a year ago, as many existing homeowners do not want to give up the 3.0% or lower mortgage rate they locked in at. The new normal for mortgage rates could be around 7% for a while,” Yun added. “On

Contracts 513

Contracts New Listings Realtors Housing Market 513

Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. Redfin : Realtor.com : Altos Research : Clearly, we are seeing a slowdown in new listings as the data has been negative now for months. What does this mean?

Inventory 519

Inventory New Listings Housing Market Sellers 519

Housing Wire

JANUARY 22, 2024

“The market in Indianapolis is very cyclical,” Carrie Holle, Realtor and principal of the Carrie Holle Group with Compass , told HousingWire. There is always a big slowdown between Thanksgiving and New Year. Holle’s business was down about 10% in 2023 compared to 2022, which she attributes almost exclusively to elevated mortgage rates.

Housing Market 394

Housing Market Marketing Logistics Real Estate 394

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

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 347

Inventory Housing Market Realtors Buyers 347

Housing Wire

MAY 24, 2021

The National Association of Realtors Confidence Index Survey for April reveals how hot the housing market is. Per the report, homes that sold had five offers on average , and nearly 50% of homes sold for more than their list price during the four weeks ending May 16. Mortgage purchase applications also decreased 4% week over week.

Realtors 471

Realtors Buyers Housing Market New Listings 471

Housing Wire

MARCH 8, 2024

70 towns, 90 new listings Local agents say the county’s tight inventory situation is largely to blame. “We We have been complaining about the lack of inventory for as long as I can remember, but then we at least had more listings,” Danny Yoon , an Edgewater, New Jersey-based Sotheby’s International Realty agent, said.

Housing Market 399

Housing Market Buyers Agents Marketing 399

Housing Wire

SEPTEMBER 19, 2023

It’s not unusual for a little jump in new listings in September. Obviously, mortgage rates have been stubbornly over 7% for a couple of months. That’s a change in expectation of mortgage rates. Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still.

Housing Market 412

Housing Market Marketing Inventory New Listings 412

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. As mortgage rates rose more and more, the October to January data was going to show big negative prints.

Inventory 461

Inventory Marketing Housing Market New Listings 461

Housing Wire

JANUARY 29, 2021

drop in November , according to a report from the National Association of Realtors. There is a high demand for housing and a great number of would-be buyers, and therefore sales should rise with more new listings,” Yun said. pending home sales dipped to the tune of 0.3% in December following a 2.6% Real Estate Tech Demo Day.

Contracts 529

Contracts Real Estate Housing Market Technology 529

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 441

Inventory Housing Market New Listings Mortgage 441

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 431

Inventory Mortgage New Listings Marketing 431

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 467

Real Estate Brokerage Realtors Real Estate Agent 467

Housing Wire

AUGUST 10, 2023

This is why we brought HousingWire Lead Analyst Logan Mohtashami, Kate Amor, senior vice president and head of enterprise products at Guaranteed Rate , and Arjun Dhingra, who lead sales and business development at All Western Mortgage , together for a preview of the information you can expect to hear at HousingWire Annual in Austin Texas, from Oct.

New Listings 277

New Listings Inventory Business Marketing 277

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. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% All four U.S.

Inventory 476

Inventory Housing Market New Listings Buyers 476

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. That’s the largest year over year existing home sales decrease since 2007. ”

Housing Market 393

Housing Market Marketing Inventory New Listings 393

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. million homes, according to the National Association of Realtors. Conventional mortgage loans composed 74.4%

Housing Market 493

Housing Market Marketing Inventory Construction 493

Housing Wire

OCTOBER 21, 2022

On Thursday the National Association of Realtors reported that we had a 23.8% With such massive home-price growth in 2020 and 2021 breaking my affordability model, I knew we were at high risk of a more significant sales decline than usual if the 10-year yield broke over 1.94%, which meant 4% + mortgage rates. However, going from 2.5%

Housing Market 286

Housing Market Inventory New Listings Mortgage 286

Housing Wire

FEBRUARY 25, 2021

in January from December, according to a report from the National Association of Realtors. 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 now, low mortgage rates are increasing buyers’ purchase power across the country.

Supply Chain 399

Supply Chain Inventory Housing Market Contracts 399

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

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. Home sales continue to ascend in the first month of the year, as buyers quickly snatched up virtually every new listing coming on the market.” year-over-year. A total of 5.64

Inventory 542

Inventory Sellers Real Estate Buyers 542

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

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 411

Housing Market Real Estate Agent Marketing Real Estate 411

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 294

Inventory Contracts New Listings Buyers 294

Housing Wire

OCTOBER 20, 2023

According to a 2022 tech survey conducted by the National Association of Realtors ® (NAR), a growing number of real estate agents attest to social media’s positive impact on their business. 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 352

Real Estate Agents Real Estate Agent Clients 352

Empire Appraisal Group

AUGUST 25, 2022

Rising mortgage rates means lower expectations for sellers. Source: Rising mortgage rates means lower expectations for sellers – Orange County Register (ocregister.com). Now, you have more options, even though you may have to move to a lower price range since higher mortgage rates mean bigger mortgage payments.

Sellers 78

Sellers Mortgage Agents Clients 78

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.” Last year was a tough one for the Indiana real estate market. as of February 29, 2024.

Housing Market 403

Housing Market Marketing Inventory Construction 403

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. This sounds odd to people because mortgage rates went all the way to 8% , and price growth was picking up. Sales faded 6.2% All four U.S.

Housing Market 414

Housing Market Inventory Contracts Marketing 414

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.” from March to 5.85 from April 2020 as every region recorded a price increase.

Inventory 414

Inventory Buyers New Listings Marketing 414

Housing Wire

FEBRUARY 28, 2024

Who doesn’t want to learn mortgage secrets banks don’t want you to know? All created by Realtors, for Realtors. As a Realtor, you have endless opportunities for content creation. Touring a new listing? Only 12% of Realtors currently use TikTok to market their business. Visit Coffee & Contracts 3.

Real Estate 406

Real Estate Marketing Tools Contracts 406

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

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.

Marketing 335

Marketing Housing Market Inventory New Listings 335

Housing Wire

SEPTEMBER 8, 2023

If you’re in the real estate industry, you certainly know that the average time from mortgage application to closing has been hovering around 50 days. It’s not a point of pride or badge of honor for any mortgage, title, real estate or valuation firm. How do your new orders come in?

Real Estate Agent 320

Real Estate Agent Real Estate Project Management Agents 320

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.

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New Listings Bracketing Inventory Realty 55