Remove 2020 Remove Construction Remove New Listings Remove Realtors
article thumbnail

Pending home sales surged in December: NAR

Housing Wire

month over month in December, according to the newest data from the National Association of Realtors (NAR). It was the largest monthly jump in pending home sales since 2020. The trade group also predicts that rent growth will ease due to sizable growth in apartment construction over the past three years. in November.

Contracts 450
article thumbnail

Indiana’s housing market is primed to bounce back in 2024

Housing Wire

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

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A look at Knoxville’s hot housing market

Housing Wire

Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% How 2020 is still shaping the way lenders use data. year-over-year.

article thumbnail

Pending home sales drop, but there’s a silver lining

Housing Wire

in January from December, according to a report from the National Association of Realtors. And even with another month-to-month drop, pending home sales were 13% higher in January 2021 than they were in January 2020. These trends, along with an anticipated ramp-up in home construction will provide for much-needed supply.”.

article thumbnail

The housing market is losing steam

Housing Wire

This has dampened new home sales and quickened home-price growth.” ” Mark Palim, deputy chief economist at Fannie Mae , said anecdotal reports of builders delaying or turning down orders to clear a growing construction backlog appears to be borne out by the recent housing starts data. percent,” Palim said Tuesday.

article thumbnail

Texas Real Estate Trends: Q3 2023 Comprehensive Review

Listing Spark

Fewer New Listings The number of new listings hitting the markets has continued to fall, mainly because a substantial segment of the market that was both buying and selling has essentially disappeared. The Rise of New Construction Homes New construction is stepping up to fill the void in the market.

article thumbnail

HINTS OF SHARP INCREASE IN NEW CONSTRUCTION

Will Springer Realtor

Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. And many of the new projects are larger than in years past. Builders began construction on just under a million single-family homes in 2020. in existing-home sales April 2020-March 2021.