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. Six weeks ago, I talked about the new listings data and how we should have some flat to positive year-over-year prints on CNBC. Weekly inventory change (Oct.

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Mortgage Inventory New Listings Real Estate 471

Housing Wire

SEPTEMBER 16, 2023

The last four weeks of new listings data have been the most volatile since mortgage rates breached 6% in 2022. One week, we had the biggest decline in new listings data all year, which might indicate Americans are giving up on listing their homes. What’s going on with housing inventory ?

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Inventory New Listings Housing Market Mortgage 474

Empire Appraisal Group

AUGUST 3, 2023

NEWS & MEDIA Bilanol/Getty Images Plus Source: [link] Study: Real Estate Hot in Hurricane Ian-Hit Areas By Kerry Smith Storms rarely have a long-term effect on the local real estate market. Cape Coral-Fort Myers listings dropped for two months after Ian but rose for the six after that. FORT MYERS, Fla.

Real Estate 78

Real Estate New Listings Real Estate Agent Insurance 78

Housing Wire

SEPTEMBER 22, 2023

17, total active listings were at 806,701, down 16.2% However, new listings have stabilized, ticking up slightly since the beginning of September. 17 have been the most volatile since mortgage rates breached 6% in 2022. New listings are down 6.7% For the four weeks ending Sept. compared to a year ago.

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New Listings Inventory Buyers Mortgage 438

Housing Wire

SEPTEMBER 13, 2022

But now this is a real risk. Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter. in 2021 and as high as 6.25% in 2022. It wasn’t the rate move that caught my attention — it was the new listing data. The parts of the U.S.

Mortgage 517

Mortgage Inventory New Listings Sellers 517

Housing Wire

SEPTEMBER 10, 2023

Last week we saw a noticeable decline in new listings and active inventory was barely positive. Last year, we saw an active listing decline in the same week but then listing growth continued until Oct. Does this mean housing inventory has begun its seasonal decline? However, one week doesn’t make a trend.

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Inventory New Listings Retail Mortgage 472

Housing Wire

MARCH 6, 2024

This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings. This data, courtesy of Altos, shows that new listings retreat when rates rise and accelerate when rates fall: High rates are bad, too, for the sellers who decided to list their homes.

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Mortgage Sellers New Listings Buyers 404

Housing Wire

APRIL 18, 2024

Supply being near all-time lows is one thing, but existing home sales aren’t crashing like they did in 2022. The supply and demand equilibrium changed after November 2022, and that itself has kept prices rising even with existing home sales still trending at the lowest levels ever for the third calender year.

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Inventory Housing Market New Listings Buyers 481

Housing Wire

JULY 29, 2022

metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market. Table 1, below, reports the 10 hottest U.S.

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Housing Market Sellers Marketing New Listings 401

GoForrmz

OCTOBER 26, 2022

Get ahead with real estate automation The real estate market has seen a lot of unusual trends in the past couple years, and it’s no surprise things have been pretty weird. Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023.

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Real Estate Contracts Clients Real Estate Agent 78

Housing Wire

FEBRUARY 6, 2023

We are working from a shallow bar in this index – seven years of growth were taken away in one year in 2022. 9, 2022, it fits into the 30-90 day forward-looking sales data line. Now that rates are above 6%, we don’t see the same type of housing inflation data we had from 2020 up until rates broke over 5.875% in 2022.

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Inventory Housing Market Marketing New Listings 451

Housing Wire

NOVEMBER 21, 2023

Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 lower than October 2022 when inventory was at 1.22 months in October 2022. from October 2022’s $378,800. At the same time, existing inventory has likely already bottomed out and new listings are keeping steady despite normal seasonal declines.

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Inventory Realtors New Listings Contracts 393

Housing Wire

DECEMBER 21, 2022

From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun. Mortgage rates spiked in March, and then the new listing data started to decline at the end of June.

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Inventory New Listings Housing Market Sellers 518

Housing Wire

AUGUST 20, 2023

Last year, the seasonal decline took longer than usual, but 2022 was an abnormal year with mortgage rates. The new listing data has been trending at the lowest levels ever for over 12 months now. 9, 2022 , it’s been 21 positive prints versus 16 negative prints and one flat week. If we start from Nov.

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Inventory Mortgage New Listings Sellers 369

Birmingham Appraisal

JUNE 28, 2022

Has There Been a Shift In The Real Estate Market? From all indications, there has been a definite shift in the real estate market. Today I’m going to look at the trend in the first six months of 2022 and compare that to the two prior years. 5 Real Estate Stats To Keep An Eye On. Conclusion.

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Real Estate Marketing Inventory Sellers 52

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. To view the complete research, click here.

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Inventory Marketing Mortgage Supply Chain 394

Housing Wire

JULY 28, 2023

New listings of starter homes dropped 23% from a year earlier in June, the biggest drop since the start of the pandemic, the report found. from June 2022, according to Realtor.com economic researcher Hannah Jones. asking rent is just $24 shy of the $2,053 peak hit in 2022. Average mortgage rates hit 6.7% The typical U.S.

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Buyers Housing Market Investors Real Estate 370

Listing Spark

JUNE 16, 2023

In this episode of Real Estate Real Fast, Aaron Jistel, the co-founder of ListingSpark and an experienced real estate broker, provides a comprehensive overview of the current state of the Texas real estate market. Listen to the full episode for Spring 2023 trends in the Texas Real Estate Market.

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Real Estate Marketing Inventory Sellers 36

Housing Wire

MARCH 8, 2024

If you sold a home and paid a commission to a real estate agent, you may be part of class action settlements,” the postcards read. The firm was appointed as the designated settlement administrator for the suit in 2022, over a year prior to any settlement agreements being reached.

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Agents Legal Realtors Clients 398

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. Closed sales in January were down 27% and new listings were up 16%. months to 2.7

Real Estate 28

Real Estate Marketing Sellers Home Value 28

Housing Wire

FEBRUARY 22, 2024

The housing market in the state of Florida saw higher median home prices, more real estate listings and a higher number of active listings during the month of January, according to data released Thursday by Florida Realtors , a state-based trade organization for real estate professionals.

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New Listings Realtors Real Estate Inventory 414

Housing Wire

MAY 30, 2023

below its June 2022 peak.” Low inventory , maintained by an extremely low level of new listings coming onto the market, has fueled demand amongst the few buyers who can afford to stay shopping. increase in home prices in the first quarter of 2023 from the first quarter in 2022. compared to the fourth quarter of 2022.

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Mortgage Inventory Construction New Listings 398

Housing Wire

APRIL 26, 2023

The bottom for 2022 was 240,194. According to Logan Mohtashami, lead analyst at HousingWire, active and new listings fell two weeks ago based on Altos Research data. Meanwhile, the peak for 2023 so far is 472,680. The Easter holiday may have had an impact, he said. “If

Mortgage 392

Mortgage Loan Officers New Listings Government 392

Housing Wire

FEBRUARY 7, 2024

In 2022, the Federal Reserve began taking action to combat these market forces by raising interest rates, starting the second cycle of inventory changes. 2022-2023: The high-rate environment Over two years, the Federal Reserve hiked rates 11 times for a total increase of 5.25

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Inventory Sellers Mortgage Marketing 403

Housing Wire

OCTOBER 20, 2023

And with millennials emerging as the largest generation of homebuyers in today’s market, comprising 28% of all homebuyers, real estate agents need to master social media or they might miss out. 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 365

Real Estate Agents Real Estate Agent Clients 365

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%

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Inventory Sellers Buyers Real Estate 55

Eppraisal

MARCH 18, 2022

." In a recent fortune.com article written on February 17, 2022, Tristan Bove wrote, "The inventory of homes for sale is down 26% compared to last year, and forecasters see a rough year ahead." This is where almost all agents list their sellers' homes. You never know what your real estate agent may be missing.

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Real Estate Agent Agents Real Estate Sellers 68

Listing Spark

OCTOBER 13, 2022

The Texas real estate market has come crashing down. We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. How to vet real estate agents as a seller. 00:02:50] Peaking into the Fall 2022 Austin housing market. powered by Sounder.

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Housing Market Real Estate Marketing Buyers 36

Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. As many were quick to point out at the time, the number of new listings coming onto the market had not fallen. For those looking to buy in 2023, the market is going to feel a lot more normal than it did in 2021 or 2022. months nationally.

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Housing Market Marketing Inventory Mortgage 487

Housing Wire

SEPTEMBER 22, 2022

Existing home sales have more legs to go lower, especially now that new listing data is falling. A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. million in August.”

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Inventory Housing Market New Listings Mortgage 449

Housing Wire

JANUARY 30, 2023

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. Remember, though, that this is always the case. Weekly inventory change (Jan. million using the NAR inventory levels.

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Inventory Housing Market Marketing Mortgage 492

Housing Wire

AUGUST 30, 2022

I don’t need to see total active listing get back to the historical range of 2-2.5 New listings are declining now. Inventory is always seasonal, but the decline in new listings this year was not what I wanted to see. This is not encouraging news at all, in my view. From Redfin.

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Inventory New Listings Law Housing Market 383

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. Small spike in new listings After the first of the year we always see early price signals with the price of the cohort of new listings each week.

Real Estate 492

Real Estate Marketing Inventory New Listings 492

Housing Wire

APRIL 3, 2023

In February, the number of homes available for sale fell for the fifth consecutive month, and new listings ran 27% below pre-pandemic levels. In addition, 47 of 50 markets saw their active listing count decline that month. On the bright side, homeowners with mortgages still had $9.3 In February, it took 33.2%

Inventory 394

Inventory New Listings Housing Market Mortgage 394

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. In an unintentional collaboration, depressing news can have a chilling effect on the housing market.

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Housing Market Marketing Real Estate New Listings 78

Housing Wire

NOVEMBER 27, 2023

If you follow real estate data closely, you’ll know that inventory rose late into November. You also know that new listings are up over last year, too. New listings volume is up, too. There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales.

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New Listings Contracts Inventory Housing Market 489

Housing Wire

DECEMBER 4, 2023

New listings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November. Home prices will also be up and we have more homes under contract than we did at the end of 2022. We want new listings volume to show growth.

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Housing Market Marketing Inventory New Listings 487