Housing Wire

AUGUST 20, 2023

Last week, mortgage rates hit a 21st-century high, the 10-year yield closed slightly higher than my peak forecast for 2023 , and housing inventory growth was still slow. Weekly housing inventory Mortgage rates have been near or above 7% for the last few months, and active listings growth has been slow during this tenure.

Inventory 369

Inventory Mortgage New Listings Sellers 369

Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. In other words, if there were more inventory, we would have more sales happening.”

Inventory 458

Inventory Renovations Real Estate Government 458

Appraisal Buzz

FEBRUARY 7, 2022

The latest edition of the RealtyTrac Investor Sentiment Survey has confirmed something many investors already knew: the real estate market is in a worse place than it was a year ago. The post Investor Sentiments Predict Tight Inventory, Inflation into 2022 appeared first on Appraisal Buzz.

Inventory 195

Inventory Investors Real Estate Appraisal 195

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. We are working from a shallow bar in this index – seven years of growth were taken away in one year in 2022. We have had back-to-back weeks of noticeable decline in the Altos weekly inventory data.

Inventory 451

Inventory Housing Market Marketing New Listings 451

Housing Wire

AUGUST 31, 2023

Adam Wiener, Redfin ’s president of real estate services, is leaving the brokerage after nearly 16 years of service, CEO Glenn Kelman announced in an email sent to employees on Tuesday. Finally, he was in charge of Redfin real estate services revenue. million, a decrease of 21% compared to the second quarter of 2022.

Real Estate 377

Real Estate Brokerage Insurance Tools 377

Housing Wire

JANUARY 30, 2023

Housing inventory decreased by 6,468 units, a more pronounced decline from the previous week. We had a waterfall dive in purchase apps in 2022 — a historic dive, I would say — so there is a shallow bar to bounce off of. As I have stressed for some time, this data line started to improve on November 9th, 2022.

Inventory 492

Inventory Housing Market Marketing Mortgage 492

Miller Samuel

DECEMBER 2, 2021

The Winter 2022 issue of Elliman Magazine was published this week and it is quite a beautiful publication. I created a chart for the publication which compares month listing inventory trends across a number of the markets we cover for Douglas Elliman.

Inventory 395

Inventory Real Estate Appraisal Marketing 395

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Inventory rising, historically low.

Inventory 394

Inventory Marketing Mortgage Supply Chain 394

Miller Samuel

APRIL 14, 2022

Listing inventory has essentially collapsed in most U.S. In the current issue of Elliman Magazine: Spring/Summer 2022 , my column "A Symptom of Chronic Inventory Lows: Bidding Wars Are Everywhere". For each issue of Elliman Magazine produced by Douglas Elliman , the same company that publishes most of our U.S.

Inventory 415

Inventory Housing Market Real Estate Marketing 415

Housing Wire

APRIL 6, 2022

Nearly 65% of homeowners planning to sell this year expect to list by the end of summer, which should provide a much-needed influx of inventory that should slow the explosive home price growth seen during the pandemic, according to a Realtor.com survey of prospective sellers.

Inventory 475

Inventory Sellers Buyers Marketing 475

Housing Wire

MARCH 22, 2024

2023 was a consequential year for real estate. The market grappled with low inventory and mortgage rates that gave many homebuyers a reason to pause. According to Altos Research , 2023 inventory bottomed in April at 406,206 active listings. eXp had 355,052 sides in 2023, down from 2022 when they had 397,138.

Brokerage 417

Brokerage Realty Real Estate Inventory 417

Housing Wire

JULY 5, 2023

Gerli cites data from a company called AllTheRooms to make the case that the Airbnb /short-term rental market is “crashing” and it will have a big impact on inventory. In some markets there are now 2-3x more homes listed on Airbnb than for sale, a situation that has robbed the housing market for inventory,” Gerli wrote in an email.

Inventory 394

Inventory Housing Market Marketing Sellers 394

Housing Wire

JUNE 1, 2022

I’m sure you’ve all heard ad nauseam about the low housing inventory impacting the market. Despite that, the 2022 RealTrends top real estate brokerage firms did a record number of transaction sides in 2021 (our 2022 rankings are based on 2021 data). And, the top firms grew market share at record rates.

Brokerage 365

Brokerage Real Estate Realty Insurance 365

Housing Wire

JANUARY 18, 2023

FCM) reduced the company’s size through 2022 amid a tough mortgage market. “The optimism is based on two factors: one, we’ve seen a nice trend in rates, moving lower over the last few weeks; and two, more and more houses are building up in inventory, so we’re seeing sellers being more willing to work with buyers.”

Inventory 437

Inventory Mortgage Retail Training 437

Housing Wire

JANUARY 20, 2023

The phrase “in like a lion, out like a lamb” is typically used to describe the month of March, but it is also applicable to existing home sales trends in 2022. The housing market may have started 2022 out with a bang, but it exited the year with a whimper,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement.

Inventory 357

Inventory Housing Market Realtors Buyers 357

Housing Wire

MARCH 27, 2024

Those advantages, coupled with cheap land, made the city a favorite for homebuilders like DR Horton and Lennar that brought plenty of new inventory to market. Listings jumped at both the state and city levels in 2021 and 2022. In this environment of high rates and tight inventory, brokerages have had to become sharp elbowed.

Brokerage 404

Brokerage Realty Real Estate Inventory 404

Housing Wire

JULY 1, 2022

On the heels of a global COVID -19 pandemic that keeps rearing its head, the housing economy is now faced with rising rates and dismal inventory. Tasked with an endless list of functions, this year’s 2022 Marketing Leaders did it all despite market turmoil. Mark Spain Real Estate. Anywhere Real Estate.

Marketing 383

Marketing Realty Real Estate Lending 383

Housing Wire

APRIL 24, 2024

The Dallas-Fort Worth-Arlington metro area had the largest increase in population count between 2021 and 2022 of any metro area in the country, adding more than 170,000 people , according to the U.S. It is unsurprising, then, that Texas has seen a boom in new real estate brokerage offices in the past five years. Census Bureau.

Brokerage 325

Brokerage Realty Marketing Real Estate 325

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. home sale price rose 3% year over year, reaching $420,846 in August, the largest annual increase since October 2022. According to the brokerage, 6.5%

Sellers 502

Sellers Buyers Inventory Real Estate Agent 502

Housing Wire

APRIL 20, 2021

In the past year, among the many challenges and difficulties brought on by the COVID-19 pandemic, the real estate and mortgage industries enjoyed a wave of success with low interest rates, refinance opportunities and etc. But if you’ve gotten this far I want to ask this question: how good is your real estate or mortgage CRM software?

Real Estate 407

Real Estate Mortgage Loan Officers Advertising 407

Housing Wire

NOVEMBER 4, 2023

After mortgage rates spiked to 8% in October, causing a riot in the real estate industry, we had an epic move lower in mortgage rates last week. I am running out of time as seasonality is kicking in, which means we are getting closer to the seasonal inventory decline for 2023. Weekly inventory change (Oct.

Mortgage 471

Mortgage Inventory New Listings Real Estate 471

Housing Wire

MARCH 9, 2022

the M&A-hungry parent of cloud-based real estate brokerage Fathom Realty , achieved supercharged growth in 2021. We believe that this should allow us to capture market share from real estate with old, traditional commission models.”. Fathom Holdings Inc. , million. “A Core services to bring profitability.

Inventory 333

Inventory Brokerage Realty Real Estate 333

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. Supply being near all-time lows is one thing, but existing home sales aren’t crashing like they did in 2022. All four U.S.

Inventory 481

Inventory Housing Market New Listings Buyers 481

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 339

Inventory Marketing Business Buyers 339

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). Consumers are happy with real estate service.

Real Estate 454

Real Estate Inventory Sellers Realtors 454

Housing Wire

DECEMBER 16, 2021

Nevertheless, while we view the trends described below as the most likely path for the economy and mortgage market in 2022, this news highlights the elevated level of uncertainty we’ve all been living with the past few years. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations.

Marketing 453

Marketing Mortgage Supply Chain Inventory 453

Housing Wire

MARCH 12, 2024

Despite elevated interest rates and tight inventory, the national Hispanic homeownership rate reached 49.5% million Hispanic households own their home, the National Association of Hispanic Real Estate Professionals ( NAHREP ) said in its 2023 State of Hispanic Homeownership Report released on Tuesday. In total, more than 9.5

Real Estate Agent 450

Real Estate Agent Real Estate Buyers Realty 450

Inman

SEPTEMBER 13, 2023

Windermere Real Estate Chief Economist Matthew Gardner revealed to Intel why an inventory surge in the fall of 2022 may have been a blip — and what that might mean for the housing market.

Housing Market 148

Housing Market Marketing Inventory Real Estate 148

Housing Wire

AUGUST 17, 2023

The first thing we go through when I work with real estate brokerages — whether it’s in helping them to streamline their technology or to prepare for sale — is their financials. And, one thing that I always spot in these financials is excess spending.

Real Estate 273

Real Estate Contracts Tools Training 273

Housing Wire

SEPTEMBER 21, 2023

from August 2022 ($391,700). This happened after March 2022 when rates spiked faster than any other time in recent history. However, that isn’t the true story; it’s only true when you compare it to the biggest sales collapse period ever, which happened in the second half of 2022. million in August 2022). All four U.S.

Inventory 508

Inventory Housing Market Mortgage Marketing 508

Housing Wire

FEBRUARY 1, 2022

Mainly, that home price gains, which are predicted to start 2022 above 10%, will slow to 3.5% by December 2022. A report published by Redfin this week found that overall inventory dropped to a record low in December, with just 1.8 The post CoreLogic: home price appreciation will cool in 2022 appeared first on HousingWire.

Supply Chain 407

Supply Chain Inventory Mortgage Housing Market 407

Housing Wire

JANUARY 12, 2023

Everyone in the mortgage and real estate industry is well aware of the shift in the market we experienced in 2022. Most, if not all, would describe the first half of 2022 and the last half of 2022 being two vastly different markets. .

Marketing 326

Marketing Inventory Real Estate Clients 326

Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

Realtors 420

Realtors Buyers Inventory Sellers 420

Hank Miller Team

MARCH 21, 2022

The 2022 market could not be more different than the 2010-12 market.over 100K homes were on the market during the darkest days. The Atlanta real estate market explosion is due in large part to its broad appeal, size and vast selection of properties.

Real Estate 98

Real Estate Marketing Sellers Inventory 98

Housing Wire

FEBRUARY 12, 2024

Loan volume between the third and fourth quarters declined by 21%, but that was far less than the 37% drop from Q3 2022 to Q4 2022, the report showed. Meanwhile, loan volume in the fourth quarter was up by 1% year over year, a significant increase from the annualized decline of 65% in Q4 2022.

Bracketing 441

Bracketing Mortgage Lending Inventory 441

Housing Wire

DECEMBER 26, 2023

Real estate experts say the performance reflects limited inventory in the country, a problem expected to continue in 2024. in October, marking nine consecutive monthly gains and the strongest national growth rate since 2022,” Luke said. The data released on Tuesday shows that home prices in all nine U.S.

Inventory 481

Inventory Real Estate Mortgage Marketing 481

Inman

JULY 12, 2023

Despite inventory hitting a 23-year low, the average Realtor ended last year on a solid note, according to the National Association of Realtors’ latest Member Profile survey, released Tuesday.

Real Estate Agent 118

Real Estate Agent Real Estate Realtors Agents 118