Lamacchia Realty

JANUARY 27, 2023

The 2022 Connecticut Year in Review Housing Report breaks down sales, new listings, new pending sales, active inventory, and average price compared to the 2021 market and analyzes what the data means for the current housing market and beyond. In 2022, there were fewer sales in Connecticut than in 2021, down 18.8%

Inventory 52

Inventory Sellers Buyers Real Estate 52

Housing Wire

MARCH 25, 2024

I like to point out that consumers are more sensitive to changes in mortgage rates than to the absolute levels, and since rates are now basically unchanged for the month, just easing down from the early March peak of 7.2%, sellers and buyers are tip-toeing back into the market. In total, new listings data is 14% more than last year.

New Listings 492

New Listings Inventory Contracts Sellers 492

GoForrmz

OCTOBER 26, 2022

Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023. From virtual tours to real estate apps, it now takes less time and effort to communicate between sellers and buyers. Technology has now taken over and revamped the way we interact with property. That’s where we come in.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Housing Wire

MAY 13, 2024

If you need to communicate about the real estate market with buyers and sellers, you should join us. It’s the peak season for buyers and sellers. Remember that, back in 2022, as mortgage rates were rising quickly, so too was inventory. That’s actually 3% fewer new listings than last week. That’s up 1.5%

New Listings 440

New Listings Contracts Inventory Sellers 440

Eppraisal

JANUARY 10, 2023

It is imperative to find a buyer's agent who will work hard for you, understanding both your desires and financial realities in securing the ideal home. It is highly recommended to interview several real estate agents before you hire your "buyer's agent" While interviewing agents, there are five key questions to ask.

Agents 36

Agents Buyers Real Estate Agent Brokerage 36

Housing Wire

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. New listing volume last week was 18% more than a year ago. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. This year the dynamic is different.

Inventory 457

Inventory New Listings Contracts Sellers 457

Housing Wire

APRIL 22, 2024

We’re rapidly approaching the peak of the market in terms of seller listings, and as inventory builds, the sales rate will peak by the end of June. But when you add a spike in mortgage rates that makes homebuying less affordable, that leads to fewer buyers and inventory grows. So, it’s normal that inventory is growing now.

Inventory 507

Inventory New Listings Sellers Contracts 507

Housing Wire

APRIL 29, 2024

The weekly volume of new listings is now higher than at anytime last year. The bearish take is that there are many more sellers than buyers and inventory is rising. The bearish take is that there are many more sellers than buyers and inventory is rising. There’s two ways to interpret these trends. orate further?

Sellers 483

Sellers Marketing Inventory Contracts 483

Listing Spark

OCTOBER 13, 2022

What should buyers and sellers be doing right now? How the housing market affects the rest of the economy How to approach the current housing market as a seller Final advice for buyers in the current housing market Are buyers pulling out of contracts at the last minute? Or are some doing better than others?

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Housing Wire

APRIL 15, 2024

Available inventory of unsold homes on the market is 30% greater than last year at this time and 102% more than in mid-April 2022. In early 2022, inventory rose quickly and home prices fell in Q4 of that year. There were 66,000 new listings unsold last week plus another 20,000 immediate sales for 86,000 total new listings.

Inventory 406

Inventory Mortgage New Listings Sellers 406

Housing Wire

APRIL 30, 2024

Unsold inventory was nearly 32% higher than at this time last year and 90% higher compared to the end of April 2022. “The The weekly volume of new listings is now higher than at anytime last year,” Mike Simonsen, founder and president of Altos Research, wrote on Monday.

Mortgage 388

Mortgage New Listings Inventory Sellers 388

Housing Wire

MAY 6, 2024

There are now 83% more homes on the market than in May 2022. New listings There were 71,000 new, unsold listings of single-family homes across the country this week. These are new listings that are already under contract, so they’re not counted in the active inventory.

Inventory 425

Inventory Contracts Sellers New Listings 425

Listing Spark

MARCH 9, 2023

Episode Summary Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. ” [00:05:56] 2022 Real Estate Market in Austin, Texas In 2022, transaction numbers were down 19.1%

Real Estate 28

Real Estate Marketing Sellers Home Value 28

Housing Wire

AUGUST 7, 2023

Higher mortgage rates mean higher monthly payments, less affordability for home buyers and slightly fewer transactions. There are 10% fewer homes on the market now than there were in 2022 at this time. So, the number of homes on the market in 2022 increased in September and October which was very unusual. in just a few weeks.

Inventory 321

Inventory New Listings Contracts Buyers 321

Empire Appraisal Group

SEPTEMBER 8, 2022

The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. NEW YORK – The rock-hard foundation of the U.S. Consequently, prices of new homes should follow a similar downward path, although the trajectory is the question.

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Housing Wire

MARCH 18, 2024

This week in 2022 was the last of the 3% mortgages. There are 250,000 more homes on the market now then when we exited the pandemic boom in March 2022. At this moment in 2022, interest rates and inventory had started rising quickly together as the pandemic boom ended. Mortgage rates were still in the 3s in early March 2022.

Inventory 416

Inventory New Listings Sellers Contracts 416

Housing Wire

MARCH 22, 2024

In the nearby metro area of Cape Coral-Fort Myers , active single-family inventory over the previous 90 days averaged 6,500 listings as of March 15, above its March 2020 level of 5,044 listings and approaching its March 2019 level of 7,243 listings. Smith attributes the uptick in inventory to a bump in new listings.

Insurance 396

Insurance Inventory Marketing Real Estate 396

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. from last week.

Inventory 483

Inventory Contracts New Listings Mortgage 483

Housing Wire

OCTOBER 31, 2023

At least, that’s what the data seems to suggest as inventory grows and new listings decline at a less aggressive rate than last year. New listings decline isn’t as steep as a year ago There were only 53,000 new listings (single-family homes) unsold this week, plus 10,000 more new listings that are already in contract.

New Listings 488

New Listings Inventory Contracts Housing Market 488

Birmingham Appraisal

JUNE 28, 2022

Today I’m going to look at the trend in the first six months of 2022 and compare that to the two prior years. 1) Active Listings – Active listings in both Jefferson and Shelby County have increased since February. The first is that sales could be slowing down while new listings continue to enter the market.

Real Estate 52

Real Estate Marketing Inventory Sellers 52

Housing Wire

JANUARY 8, 2024

These are very clear trends as we start the new year. 2022 started insanely strong and weakened rapidly in the second quarter. There are now 247,000 single family homes in contract. That is 4.25% more homes in contract now than last year at this time. If they have buyers, the price of the new listings spikes up quickly.

Real Estate 488

Real Estate Marketing Inventory New Listings 488

Housing Wire

SEPTEMBER 7, 2023

Rising mortgage rates mean rising inventory as home buyer demand slows quickly. Mortgage rates have been rising, making homes more expensive to buyers and obviously slowing demand. Contrast that to last year, the light red line, when inventory kept climbing until rates finally peaked in November 2022. That’s this year.

Contracts 426

Contracts Inventory Buyers New Listings 426

Housing Wire

MARCH 6, 2024

The spring homebuying season, which got underway a bit earlier than usual, was off to a good start in districts like New York and Dallas. Boston: Residential Realtors expressed growing optimism as both property listings and pending home sales increased. Most expect their pipeline of contracts to keep construction busy through the year.

Mortgage 383

Mortgage Real Estate Inventory Construction 383

Housing Wire

AUGUST 1, 2023

All year, the strength of homebuyer demand and the tight supply of homes for sale has meant that the market pretty rapidly found a floor on the home-price correction of 2022. The number of buyers has been surprising. But, the price correction stopped right after December 2022. Home prices now are essentially unchanged from 2022.

Inventory 364

Inventory Contracts Buyers Mortgage 364

Housing Wire

JANUARY 19, 2024

from December 2022 to $382,600 – the sixth consecutive month of year-over-year price increases. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. from December 2022 ($366,500). Sales faded 6.2% All four U.S.

Housing Market 441

Housing Market Inventory Contracts Marketing 441

Housing Wire

SEPTEMBER 12, 2023

The point of the editorial seemed to be to scaremonger over government programs to help home buyers and student loan borrowers. So, the author tried to use new construction prices from back in April to describe the whole U.S. Supply of homes for sale is very low, and most of the year we’ve had more buyers than sellers.

Contracts 392

Contracts Inventory Housing Market Buyers 392

Housing Wire

JULY 17, 2023

In the fall of 2022 after mortgage rates jumped to 7.5%, I thought maybe we’d missed the soft landing call. By October 2022, it looked like 2023 would have rising inventory and falling home prices. But since January, home buyers have defied all expectations. That’s essentially unchanged from 2022. There was no crash.

Real Estate 322

Real Estate Marketing Inventory Contracts 322

Housing Wire

AUGUST 14, 2023

Mortgage rates have been stubbornly above 7% for two months and it sure looks like home buyers are growing weary. We can see signs that buyers are slowing, both in the sales volume and in the sales price data. This slowdown is not like last year, instead, it’s just slightly fewer buyers each week. That’s the Altos Rule.

Housing Market 365

Housing Market Inventory Marketing Buyers 365

Housing Wire

JULY 24, 2023

Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. In the chart below, the light portion of each bar represents the new contracts each week. But, there were another 15,000 condos and townhomes that went into contract this week.

Inventory 324

Inventory Contracts New Listings Buyers 324

Housing Wire

AUGUST 21, 2023

Buyers in this real estate market notice these affordability changes, and so we can see in the data fewer home purchase offers, slightly climbing unsold inventory, and slightly more price reductions for the homes that are on the market. And every uptick in mortgage rates leads to a downtick in the number of home buyers in the market.

Inventory 370

Inventory Contracts Buyers Sellers 370

Housing Wire

SEPTEMBER 19, 2023

It’s not unusual for a little jump in new listings in September. Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still. This change in buyer expectations is adding to the slowness right now. There are 345,000 single-family homes in the contract pending stage.

Housing Market 432

Housing Market Marketing Inventory New Listings 432

Lamacchia Realty

JULY 22, 2022

This Lamacchia Mid-Year Housing Report presents overall home sale statistics as of the first six months of 2022 compared to the same period last year, January 1 st to June 30 th , 2021. Prices increased in all the categories in the first half of 2022 over the same time period in 2021. Homes Listed for Sale. for singles, -14.7%

Sellers 73

Sellers Buyers Inventory Contracts 73

Will Springer Realtor

MAY 9, 2023

The chart (below) puts it in sharp focus: Except for the pandemic year of 2020 when there were 2559 new listings that April, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. Where are all the sellers? You can’t buy what’s not for sale!

New Listings 59

New Listings Inventory Buyers Sellers 59

Housing Wire

JULY 25, 2022

Fannie Mae ’s Economic and Strategic Research Group also released a recent report that projects year-over-year growth in home-price appreciation for 2022 will reach 16%. in 2022 but will drop to 4% in 2023. trillion in 2022 and $2.3 Freddie Mac projects that home-price growth will average 12.8% in 2021, Freddie Mac reports.

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

FEBRUARY 16, 2023

percent below the January 2022 rate of 1,841,000. percent) below the January 2022 rate of 1,666,000. percent)* above the January 2022 rate of 1,247,000. If the homebuilders and homebuyers knew rates would hit 7% in 2022, many would not have taken those contracts they’re canceling now. percent (±15.9 percent (±10.6

Construction 503

Construction Housing Market Inventory Mortgage 503

Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. 2022 was down in sales from 2021 just like this past year , and at that time , many were concerned that it was a sign the market was about to crash, something Anthony has repeatedly dispro ved. Sales Decline by 21.7%

Inventory 69

Inventory Sellers Contracts Buyers 69

Housing Wire

JANUARY 19, 2023

Available home inventory has remained low since the previous Federal Reserve Beige Book report, which was released in November 2022, as many sellers decided not to list — affecting the New York and Boston districts in particular. New York – The residential sales and rental markets showed further signs of cooling in late 2022.

Inventory 403

Inventory Housing Market Marketing Construction 403