Housing Wire

JULY 22, 2021

million, according to the National Association of Realtors. You can thank a rise in housing inventory for the gains. million in June 2020 as housing inventory has slowly improved in recent months. Total housing inventory at the end of June amounted to 1.25 from May’s inventory and down 18.8% Sales climbed 22.9%

Inventory 488

Inventory Buyers Realtors Construction 488

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. ” 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.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

MAY 15, 2024

The National Association of Realtors , via its Seasonally Adjusted Annual Rate of Existing Home Sales series, reported that the peak home sales volume of 6.6 million in January 2021 (when mortgage rates were 2.7%) fell to 3.9 It’s simple: When money is very cheap, we want to own real estate.

Mortgage 366

Mortgage New Listings Inventory Sellers 366

Housing Wire

APRIL 20, 2022

Bonnie Williamson never intended to be a real estate agent. As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 Gault and Wexler both came from real estate families and have been in the industry for over 20 years.

Real Estate Agent 371

Real Estate Agent Real Estate Agents Brokerage 371

Housing Wire

APRIL 22, 2021

For the second consecutive month, existing-home sales fell, according to the latest National Association of Realtors report. The sales for March would have been measurably higher, had there been more inventory.” ” Total housing inventory at the end of March amounted to 1.07 from February’s inventory but down 28.2%

Inventory 439

Inventory Buyers Realtors Investors 439

Housing Wire

JANUARY 26, 2024

We’ve all heard the news: over 60,000 real estate agents left the profession in the first half of 2023. Whether you’re newly licensed or an experienced agent who had a productive year — if you’re looking for a change, it’s likely you’ve started receiving emails, letters, and phone calls from all kinds of real estate firms.

Real Estate 376

Real Estate Brokerage Agents Real Estate Agent 376

Housing Wire

DECEMBER 30, 2020

year-over-year, according to a report from the National Association of Realtors. “The latest monthly decline is largely due to the shortage of inventory and fast-rising home prices,” said Lawrence Yun, NAR’s chief economist. The post Pending home sales continue to slip as 2021 approaches appeared first on HousingWire.

Contracts 532

Contracts Inventory Realtors Government 532

Housing Wire

MARCH 6, 2023

With the industry cooling down slower than expected, LOs are having to work harder and get creative to overcome the double whammy of surging rates and a lack of inventory. from a year ago to $359,000 in January, marking 131 straight months of year over year increases, the National Association of Realtors (NAR) said.

Loan Officers 364

Loan Officers Inventory Real Estate Agent Buyers 364

Housing Wire

SEPTEMBER 23, 2022

The claim by the authors that single-family rental home companies “swoop up much of the inventory” of homes from potential homebuyers is, in fact, not supported by the data in any way, shape, or form. of the nation’s total housing inventory. Rather, large companies own less than 1.5%

Inventory 320

Inventory Housing Market Investors Investing 320

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

Inventory 317

Inventory Marketing Business Buyers 317

Housing Wire

FEBRUARY 7, 2024

After closing out 2023 with its first annual membership decline since 2012, the National Association of Realtors is still struggling with its membership count. January marked the third consecutive month of membership declines for NAR and the month’s Realtor count marks the lowest level since May 2021. This is down 2.1%

Realtors 395

Realtors Agents Brokerage Inventory 395

Housing Wire

MARCH 29, 2024

But like the temperatures, which are far from the triple-digit figures the residents of the Texas state capital will see in the coming months, local real estate professionals say that even though the market is warming up, it is nowhere near the frenzy at the height of the COVID-19 pandemic.

Housing Market 353

Housing Market Agents Marketing Inventory 353

Housing Wire

APRIL 25, 2024

While DeRoussel’s experience sounds exactly like many of the stories that emerged from the pandemic-fueled homebuying frenzy of 2020 and 2021, this happened just a few weeks ago in early April 2024. “It Cincinnati is a great place to live,” said Julie Back , the executive sales vice president of Sibcy Cline Realtors.

Buyers 374

Buyers Marketing Inventory Investors 374

Housing Wire

SEPTEMBER 29, 2022

according to data released Wednesday by the National Association of Realtors. According to Yun, limited inventory and almost non-existent distressed property sales have supported home prices, which he predicts will rise by 9.6% The post Pending home sales down nearly 25% from 2021 in August appeared first on HousingWire.

Contracts 331

Contracts Realtors Inventory Marketing 331

Housing Wire

JANUARY 20, 2023

million, according to a report from the National Association of Realtors (NAR) released Friday. from 2021, which NAR attributes to the “rapidly escalating interest rate environment.” But as sales slowed in December, the inventory of unsold existing homes also receded, dropping 13.4% from November to a pace of 4.02 A total of 5.03

Inventory 338

Inventory Housing Market Realtors Buyers 338

Housing Wire

NOVEMBER 4, 2022

The National Association of Realtors (NAR) released a report on Friday that found 88% of all first-time homebuyers in the U.S. The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%. million in 2021, up from 50.5

Buyers 338

Buyers Sellers Real Estate Agent Real Estate 338

Housing Wire

JANUARY 20, 2022

In 2021, homebuyers who successfully purchased a home viewed a median of only eight properties before completing their transaction, according to a report by the National Association of Realtors , published on Tuesday. According to NAR , low inventory is partly to blame for the homebuyers looking at fewer homes than before.

Buyers 414

Buyers Inventory Open Houses Technology 414

Housing Wire

NOVEMBER 1, 2023

While the industry has yet to find out what Judge Stephen Bough’s injunction will say and the three defendants, the National Association of Realtors , Keller Williams and HomeServices of America , have vowed to appeal the decision, Barton believes his firm will thrive regardless the outcome.

Real Estate 423

Real Estate Advertising Agents Realtors 423

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

DECEMBER 28, 2021

By the fall, real estate agents in Boise, Idaho were passing around a video they didn’t like but couldn’t resist watching. real estate in 2022 may see challenges to its biggest enterprises, including the National Association of Realtors and Zillow , and shifting adjustments to how work is done amid the coronavirus pandemic.

Real Estate 440

Real Estate Realty Brokerage Realtors 440

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. In 2018-2019, total housing inventory was in the range between 1.52 million and 1.92

Inventory 493

Inventory Housing Market Real Estate Agent Buyers 493

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 We are still going to suffer from lack of inventory.”

Housing Market 391

Housing Market Buyers Agents Marketing 391

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. For a well-prepared real estate brokerage, this holds a promising future.

Inventory 542

Inventory Sellers Real Estate Buyers 542

Housing Wire

SEPTEMBER 17, 2021

The report attributes this decrease to the normal seasonal slowdown, causing the shortage of inventory to slow as well. Instead of 25 to 30 offers on turnkey homes, we’re now seeing five to seven,” Nicole Dege, a Redfin real estate agent from Orlando said in a statement. In August, 58.8% metros listed in the report, with 86.7%

Buyers 425

Buyers Inventory Real Estate Agent Agents 425

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

APRIL 28, 2022

Residential real estate brokerages will not do as well in 2022 as they did in 2021, but let’s not get carried away. billion in quarterly revenue, but the vast majority of that is from home sale commissions, which largely are returned to the company’s independent contractor real estate agents. Realogy generated $1.6

Mortgage 332

Mortgage Brokerage Agents Real Estate Agent 332

Housing Wire

FEBRUARY 19, 2024

According to Ben Metcalf, managing director of the Terner Center for Housing Innovation at UC Berkeley, the homeownership rate for California is 50 percentage points lower than the rest of the nation at only 44% in 2021. California [has been] the most inventory-constrained market for years.” What’s the solution?

Law 450

Law Inventory Real Estate Government 450

Housing Wire

NOVEMBER 8, 2023

The slide, presented in March 2021, forecasted that Offerpad would sell nearly 15,000 homes in 2023. Shrinking share, continuing losses The leading iBuyers have accounted for more than 1% of existing sales in only one year: when Zillow was clearing its books of the ill-fated Zillow Offers’ inventory. Opendoor lost about $1.4

Marketing 395

Marketing Inventory Renovations Investors 395

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. Unlike loan officers, whose commissions are highly regulated by the government, real estate agent commissions are based largely on long-standing industry practices and market forces. Congratulations!” You just sold your house.” And that was that!

Agents 388

Agents Real Estate Agent Brokerage Real Estate 388

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . billion production volume in 2021.

Mortgage 347

Mortgage Real Estate Real Estate Agent Realtors 347

Housing Wire

DECEMBER 18, 2020

And it’s a trend that is only going to get worse, as real estate company Redfin reports that hot housing markets in major southern cities , including Austin, will become less affordable in 2021. There is currently only one month’s worth of housing inventory in Austin. and sales dollar volume soared 47.2%

Realtors 441

Realtors Inventory Housing Market Real Estate 441

Housing Wire

AUGUST 28, 2023

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. HousingWire published a deep dive on the topic in June 2021. AMC surcharges are typically passed on to the customer. Meanwhile, 39% said they had challenges finding sellers.

Appraisal 362

Appraisal Logistics Valuation Appraisal Process 362

Housing Wire

AUGUST 21, 2020

Existing-home sales jumped 25% in July from June, beating the prior record of a 21% gain set a month earlier , as low mortgage rates fueled demand for real estate. million, the National Association of Realtors said in a report on Friday. One sour note was a shortage of inventory that has plagued the market since 2019.

Inventory 546

Inventory Realtors Real Estate Housing Market 546

Housing Wire

AUGUST 1, 2023

from the previous year, according to a new report from the National Association of Realtors. Residential Real Estate report surveyed members about transactions with international clients who purchased and sold U.S. Sharply lower housing inventory in the U.S. Foreign buyers purchased $53.3 billion worth of U.S.

Buyers 345

Buyers Realtors Real Estate Inventory 345

Housing Wire

SEPTEMBER 13, 2021

Still, the 69,563 homes that went into contract represented a 9% decrease from the high point set in May 2021. from 55% in early July 2021, according to Redfin. from 55% in early July 2021, according to Redfin. Also noted as seasonally typical is the 16% decline in new home listings from the 2021 peak in June.

Housing Market 536

Housing Market Marketing Inventory Brokerage 536

Housing Wire

NOVEMBER 19, 2020

million, according to a report from the National Association of Realtors on Thursday. “With news that a COVID-19 vaccine will soon be available, and with mortgage rates projected to hover around 3% in 2021, I expect the market’s growth to continue into 2021.” At the end of October, housing inventory totaled 1.42

Inventory 545

Inventory Realtors Housing Market Marketing 545

Housing Wire

DECEMBER 22, 2020

million, according to a report from the National Association of Realtors on Tuesday. At the end of November, housing inventory declined yet again, totaling 1.28 Housing inventory hit another record low in November, totaling 2.3 months worth of inventory. A year ago, inventory was at 3.7 This is down 9.9%

Inventory 489

Inventory Housing Market Realtors Marketing 489