Housing Wire

NOVEMBER 2, 2023

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. Below, we evaluated several platforms to find the top eight lead generation providers agents can buy real estate leads from in 2023.

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Real Estate Real Estate Agent Tools Agents 431

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. The trade organization projects a 13% increase in existing home sales between 2023 and 2024 for an annualized pace of 4.62

Contracts 458

Contracts Housing Market Construction Inventory 458

Housing Wire

NOVEMBER 21, 2023

Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. On the bright side, housing inventory rose 1.8% lower than October 2022 when inventory was at 1.22 Meanwhile, unsold inventory sat at a 3.6-month All four U.S.

Inventory 410

Inventory Realtors New Listings Contracts 410

Housing Wire

DECEMBER 13, 2023

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. percentage points in early December, when historically that spread has ranged between 1 to 2 percentage points.

Mortgage 409

Mortgage Marketing Investors Lending 409

Hank Miller Team

JANUARY 23, 2023

That message however, is often taken at face value and some home buyers expect a bargain basement spring. Best advice as to what home buyers should expect in the spring of 2023.understand Home buyers had a rough couple of years. Overnight and over the months, buyers fell out, unable to qualify as rates rose.

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Buyers Inventory Agents Contracts 98

Housing Wire

SEPTEMBER 6, 2023

“Both purchase and refinance applications fell, with the purchase index hitting a 28-year low, as prospective buyers remain on the sidelines due to low housing inventory and elevated mortgage rates,” said Joel Kan, MBA’s vice president and deputy chief economist. Department of Veteran Affairs loans’ share decreased to 11.3%

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Mortgage Contracts Inventory Buyers 421

Appraisal Buzz

MARCH 28, 2024

compared with February 2023, according to the National Association of Realtors (NAR). Month-over-month, contract signings climbed in the Midwest and South but sank in the Northeast and West. Ongoing job gains are clearly increasing demand along with more inventory.” Pending home sales increased 1.6% in the Midwest and 1.1%

Inventory 195

Inventory Housing Market Contracts Realtors 195

Housing Wire

DECEMBER 23, 2022

New home sales data last month was much stronger than had been anticipated; the market had expected a contraction of 4.7% Since July, about 10,000 contracts have been canceled each month, according to data from John Burns Consulting. Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. in November.

Contracts 384

Contracts Inventory Housing Market Mortgage 384

Housing Wire

NOVEMBER 28, 2023

home prices continued their rally in September 2023,” Craig Lazzara, managing director at S&P DJI , said in a statement.“Our in September, marking eight consecutive monthly gains since prices bottomed in January 2023. Low levels of existing home inventory contributed to keeping home prices elevated. by the end of September.

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New Listings Contracts Inventory Sellers 421

Housing Wire

APRIL 17, 2023

In early 2023, however, as inventory in Austin has become more and more constrained, buyers have become accustomed to the higher mortgage rates and demand has ticked up. “It It is keeping the pressure on buyers to shop wisely,” Kent Redding, a local Berkshire Hathaway Home Services agent, said. “It

Housing Market 397

Housing Market Marketing Inventory Buyers 397

Housing Wire

DECEMBER 23, 2022

After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. Six percent mortgage rates have also priced some buyers out of the market.

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Housing Market Marketing Inventory Buyers 410

Housing Wire

MARCH 27, 2023

Housing markets in tech hubs were in high demand during the pandemic, with potential buyers facing fierce competition on homes in cities like San Jose and Austin. In addition, just 16% of the homes in Austin went under contract within two weeks of hitting the market. according to Redfin’s data. Pending sales also dropped by 40%.

Housing Market 384

Housing Market Marketing Contracts Buyers 384

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Many of his buyers are still waiting for rates to come down before seeking preapproval for a mortgage. economy remains hot.

Loan Officers 421

Loan Officers Mortgage Buyers Inventory 421

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. in 2023 before increasing to 4.1% in 2023, settling at 4.38 Home prices will be influenced by how much inventory is brought to market. in 2023, to 720,000. from 2022 to 2023, to 1.47 in 2024, according to NAR’s forecast.

Construction 370

Construction Inventory Realtors Housing Market 370

Housing Wire

AUGUST 31, 2023

Despite continued high rates, low inventory is keeping house prices steady,” said Sam Khater, Freddie Mac’s chief economist. Incentivized by return-to-office demands, some buyers have adjusted to the higher mortgage rate environment and are moving forward with their home search, according to Realtor.com’s 2023 Hottest Zip Codes report.

Mortgage 421

Mortgage Housing Market Contracts Buyers 421

Housing Wire

APRIL 25, 2023

Home price trends moderated in February 2023,” Craig Lazzara, the managing director at S&P DJI, said in a statement. However, despite the recent uptick, the continued low inventory conditions are expected to keep home prices elevated nationally. The national index came in at a reading of 293.17 in February. to a reading of 297.68.

Inventory 397

Inventory Contracts Buyers Sellers 397

Housing Wire

SEPTEMBER 11, 2023

HousingWire: According to ATTOM Data Solutions‘ latest foreclosure market report, bank repossessions climbed 9% in the first half of 2023 compared to the first half of 2022. The good news for homeowners is that home values in most areas remain stable, and inventory levels for homebuyers are still low.

Inventory 410

Inventory Technology Design Tools 410

Housing Wire

OCTOBER 24, 2022

It’s now October, we’ve had the biggest spike in mortgage rates we’ve seen in decades, and all the signs of a slowdown are here: Inventory is rising. The big question is: how long will the market contraction last and when should we expect things to heat back up? Home buyers got spooked when mortgage rates passed 5.5%.

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Real Estate Marketing Inventory Sellers 324

Housing Wire

APRIL 26, 2023

Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. Prices are still expensive, forcing buyers to look at less expensive homes or areas not as preferred. Meanwhile, the peak for 2023 so far is 472,680.

Mortgage 397

Mortgage Loan Officers New Listings Government 397

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. Better buyer and seller presentations to break down payment to a more granular level,” was one agent’s response.

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Agents Realtors Clients Real Estate Agent 431

Housing Wire

SEPTEMBER 22, 2022

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% 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. I am a big fan of inventory to 2019 levels.

Inventory 458

Inventory Housing Market New Listings Mortgage 458

Housing Wire

OCTOBER 16, 2023

In August, Zillow ‘s 2023 Consumer Housing Trends Report proclaimed that half of all homebuyers are purchasing their first home, the highest share that Zillow has ever recorded. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. It never will be.

Agents 410

Agents Buyers Sellers Inventory 410

Housing Wire

JUNE 5, 2023

As with the rest of the country, the Chicago-area market is dealing with issues stemming from a lack of inventory , and until rates decline, it’s the first-time buyers that Lotsoff and Brok are primarily targeting for volume. billion in 2023 and expects a target production of $4 billion in 2024.

Loan Officers 384

Loan Officers Mortgage Lending Retail 384

Housing Wire

FEBRUARY 28, 2022

regions, only the West registered an increase in month-over-month contract activity. million as mortgage buyers became more active toward the end of the year, which breaks from the seasonal patterns. housing market is the inventory crisis, as we have started 2022 with fresh new all-time lows in inventory.

Inventory 410

Inventory Housing Market Realtors Marketing 410

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. compared to 2022. compared to 2022.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Housing Wire

APRIL 15, 2024

Higher mortgage rates have forced available inventory to climb all year. Housing inventory There are now 526,000 single-family homes active unsold on the market. jump in unsold inventory in a week is very notable. As mortgage rates rise, inventory rises. Or, to put it another way: demand slows, inventory grows.

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Inventory Mortgage New Listings Sellers 432

Housing Wire

NOVEMBER 2, 2022

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 7.06% on Wednesday from last week’s 7.16%, according to the Mortgage Bankers Association. . Tables have turned for some sellers.

Mortgage 410

Mortgage Sellers Contracts Buyers 410

Housing Wire

MAY 28, 2024

It’s the end of May and unsold inventory on the market is increasing across the U.S. Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. Higher rates create more inventory.

Inventory 298

Inventory New Listings Contracts Sellers 298

Housing Wire

MARCH 11, 2024

Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The only way inventory would grow in 2024 is if mortgage rates climbed. That’s 15% growth over the pace of 2023.

Inventory 508

Inventory New Listings Sellers Real Estate 508

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings. From 2022 to 2023 alone, rates rose 15%.

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Insurance Inventory Marketing Real Estate 421

Housing Wire

APRIL 8, 2024

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. Here’s how 2024 is shaping up: There are now more listings, more active inventory and more sales than a year ago. Inventory will climb again with this week’s data.

Inventory 473

Inventory Contracts New Listings Sellers 473

Housing Wire

JANUARY 2, 2024

Inventory is slowly but steadily increasing over last year, which means slightly more options for buyers this spring. We have more homes going into contract each week now than we did a year ago — supply and demand are climbing together. Inventory ends higher The year finished with 513,000 single-family homes on the market.

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Housing Market Marketing Inventory Contracts 528

Empire Appraisal Group

FEBRUARY 29, 2024

CHICAGO – Homeowners who decline to use a real estate agent to sell their property are twice as likely to say they weren’t satisfied with the selling experience, according to a new survey from Clever Real Estate of 1,000 home sellers in 2022 and 2023.

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Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

MAY 22, 2024

As you can see below, even though home prices rose in 2023, the median sales price showed negative year-over-year growth in April, May and June of last year. So, it was necessary to highlight that for this report because our fresh current inventory data paints a different picture. million in April 2023). million in April.

Inventory 504

Inventory New Listings Housing Market Contracts 504

Hank Miller Team

JULY 12, 2023

The first half of the Atlanta 2023 housing market shared many similarities with the first half of the 2022 real estate market. Atlanta Home Prices Q2 2023 The MSM was ebullient, just delighted when the housing market hit the brakes in the last half of 2022. Fewer buyers, fewer contract and sales. have a rate below 5.

Housing Market 40

Housing Market Marketing Buyers Sellers 40

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. Of my initial expectations this year — rising inventory, rising sales rates, rising prices — only rising inventory remains clear at this moment as we finish Q1 with rising interest rates. As we started 2024, the signals in the U.S.

Inventory 441

Inventory New Listings Sellers Contracts 441

Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. What’s happening with inventory? Normally by this point in September, available inventory is declining slightly each week.

Inventory 491

Inventory Contracts New Listings Mortgage 491