Housing Wire

MAY 29, 2024

The National Association of Realtors (NAR) reported that it had 1,509,195 members at the end of April, a decline of 2.96% from the 1,554,604 members it had at the end of 2023 but higher than its numbers in February and March. You can find more information in our recent update in Realtor Magazine.“ How many is unclear.

Realtors 302

Realtors Agents Inventory Modernization 302

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). In 2023, new-home sales are up 5% year to date, Yun said.

Real Estate 450

Real Estate Inventory Sellers Realtors 450

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. from January 2023.

New Listings 395

New Listings Realtors Real Estate Inventory 395

Housing Wire

APRIL 18, 2024

million in February, according to a report released Thursday by the National Association of Realtors (NAR). The inventory of existing homes has been steadily increasing, despite elevated mortgage rates. At the end of March, total housing inventory sat at 1.11 Meanwhile, unsold inventory sat at a 3.2-month

Inventory 341

Inventory Real Estate Agent Sellers Buyers 341

Housing Wire

NOVEMBER 30, 2023

Homebuyer traffic will increase in 2024, fueled by lower mortgage rates and more existing-home inventory. After a very difficult market for buyers who have had to contend with an atypical housing market in 2023, home shoppers will find more listings to choose from in 2024,” Lisa Sturtevant, Bright MLS chief economist, said in a statement.

Buyers 432

Buyers Housing Market Sellers Inventory 432

Housing Wire

DECEMBER 20, 2023

While sales are still tracking below last year’s levels, the gap between 2022 and 2023 has narrowed considerably. million, according to the National Association of Realtors. Housing inventory fell 1.7% Meanwhile, unsold inventory sat at a 3.5-month million home sales nationally by the end of 2023. million. “The

Inventory 367

Inventory Housing Market Realtors Buyers 367

Housing Wire

FEBRUARY 22, 2024

from December to a seasonally adjusted annual rate of 4 million in January, according to a report from the National Association of Realtors (NAR). million in January 2023. In fact, by the end of January, for-sale housing inventory was at 1.01 Unsold inventory sits at a 3-month supply at the current sales pace, down from 3.1

Inventory 398

Inventory Sellers Buyers Realtors 398

Housing Wire

OCTOBER 12, 2022

The forecast for the housing market in 2023 gets worse by the month, with the latest report predicting a million-plus decline in existing home sales. trillion in 2023, according to the government-sponsored enterprise. Looking ahead to the full year 2023, Fannie Mae expects an average home price decline of 1.5%. million in 2023.

Contracts 414

Contracts Modernization Housing Market Mortgage 414

Housing Wire

APRIL 19, 2024

from February to March, according to a report released Friday by the Pennsylvania Association of Realtors (PAR). This spring represents a window of opportunity for buyers and sellers who want to enter the market.” Data released Thursday by the National Association of Realtors (NAR) revealed a 4.3% decline in U.S.

Realtors 300

Realtors Inventory Real Estate Sellers 300

Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. 10, 2023. “The In 2024, she is optimistic that sellers will sell and more buyers will come to the market, as there is a big pent-up demand.

Housing Market 387

Housing Market Marketing Logistics Real Estate 387

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 319

Inventory Marketing Business Buyers 319

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. After the series wraps, join us on May 30th for the HW+ Virtual 2023 Forecast Event. 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.

Realtors 407

Realtors Buyers Inventory Sellers 407

Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.” Altos considers anything above a reading of 30 to be a seller’s market. in mid-January 2024. as of February 29, 2024.

Housing Market 396

Housing Market Marketing Inventory Construction 396

Housing Wire

MARCH 6, 2023

He was cautiously optimistic for a better 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. Monson had hoped for a “spring rush,” but recently, somebody turned the spigot back off.

Loan Officers 365

Loan Officers Inventory Real Estate Agent Buyers 365

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

DECEMBER 14, 2022

Growing concerns of a recession, led by the Federal Reserve ’s continued interest rate hikes next year, will prompt mortgage rates to trend lower in 2023, according to numerous experts. by the end of 2023, according to fresh projections, up from an estimate of 3.9% by the end of 2023, dropping slightly from the projected 7.5%

Mortgage 411

Mortgage Housing Market Buyers Sellers 411

Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. Prospective home buyers experienced another difficult month due to the persistent lack of housing inventory and the highest mortgage rates in a generation,” NAR Chief Economist Lawrence Yun said in a statement. On the bright side, housing inventory rose 1.8%

Inventory 379

Inventory Realtors New Listings Contracts 379

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. . About 70% of Prosperity’s production comes from affiliate realtors.

Mortgage 349

Mortgage Real Estate Real Estate Agent Realtors 349

Housing Wire

APRIL 17, 2024

The spring home-buying season got off to a slow start in California , where sales of single-family homes declined from February to March, according to a report released Wednesday by the California Association of Realtors (CAR). in first-quarter 2024 compared to Q1 2023. And last month’s level of unsold inventory was up 23.8%

Insurance 371

Insurance Housing Market Realtors Inventory 371

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. This scenario is similar to 2023 when rates fell.

Inventory 473

Inventory Housing Market New Listings Buyers 473

Empire Appraisal Group

DECEMBER 14, 2023

1 in 3 Sellers Granting Buyer Concessions By Kerry Smith Two Fla. SEATTLE – Home sellers gave concessions to buyers in 35% of U.S. home sales during the third quarter (3Q) of 2023, according to a report from Redfin – about the same as one year earlier (35.9%) but up from 27.6% in 2023, down from 40.0% a year earlier.

Sellers 78

Sellers Buyers Agents Contracts 78

Housing Wire

MAY 8, 2024

million net loss reported in Q1 2023. million, compared to Q1 2023’s free cash-flow loss of $59 million. We have brought down expenses and continue to grow our agent count and inventory advantage,” Reffkin said. First, more buyers are using agents in 2023 than in 2003. That is an improvement over its $150.2

Agents 336

Agents Brokerage Real Estate Clients 336

Housing Wire

JANUARY 29, 2024

Last week, the National Association of Realtors released their December pending sales data. As the year progressed, most of 2023 saw 20-30% fewer home sales than 2022. Inventory falls slightly When I say inventory would fall with falling mortgage rates here’s what I mean. That’s the active inventory across the country.

Contracts 391

Contracts Inventory Housing Market Mortgage 391

Housing Wire

MARCH 29, 2024

Buyers are still buying and sellers are still selling. What ensued next was a rapid cooldown, which saw the median list price fall by more than $100,000 by mid-February 2023 to $533,000. Overall, things are kind of continuing from where they were in 2023 with a very modest change in the median sales price.

Housing Market 355

Housing Market Agents Marketing Inventory 355

Appraisal Buzz

MARCH 28, 2024

compared with February 2023, according to the National Association of Realtors (NAR). Ongoing job gains are clearly increasing demand along with more inventory.” There will be a steady rise in inventory from recent growth in home building,” Yun adds. Pending home sales increased 1.6% in the Northeast and fell 6.5%

Inventory 195

Inventory Housing Market Contracts Realtors 195

Housing Wire

DECEMBER 20, 2023

From the National Association of Realtors (NAR): Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – elevated 0.8% In 2023, we had one big bounce in sales and then sales trended lower all year long as mortgage rates went from 6% to 8%. Unsold inventory sits at a 3.5-month

Housing Market 430

Housing Market Marketing Inventory Realtors 430

Housing Wire

OCTOBER 20, 2023

Particularly in the 2023 economy, with interest rates on mortgage rates stubbornly perched around 7.5% and dwindling inventory in most states, today’s brokers must get creative to keep a fresh pipeline of homebuyers coming through the door. Advertising on Zillow can put your website in front of millions of potential buyers and sellers.

Real Estate 369

Real Estate Tools Open Houses Advertising 369

Housing Wire

FEBRUARY 20, 2024

According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home Buying in America,” Asian and Hispanic Americans achieved historic heights in homeownership rates in 2022 of 63.3% But it fell slightly from 2021 (65.4%) due to higher mortgage rates and inventory constraints. The overall U.S.

Buyers 380

Buyers Inventory Realtors Mortgage 380

Housing Wire

MAY 14, 2024

In March, first-time buyers were responsible for 32% of sales, up from 26% in February and 28% a year prior, according to data from the National Association of Realtors. In addition to making buyers more prudent in their purchases, local real estate professionals also say interest rates are to blame for the area’s lack of inventory.

Buyers 360

Buyers Inventory Landlords Real Estate 360

Housing Wire

JANUARY 20, 2023

million, according to a report from the National Association of Realtors (NAR) released Friday. December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates,” Lawrence Yun, NAR’s chief economist, said in a statement. from November to a pace of 4.02 A total of 5.03 year over year.

Inventory 340

Inventory Housing Market Realtors Buyers 340

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. “I think that some sellers will give up on their low interest rate because of life events, such as a new child, retirement, marriages, divorces, etc. .”

Inventory 457

Inventory Construction Mortgage Buyers 457

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. The slide, presented in March 2021, forecasted that Offerpad would sell nearly 15,000 homes in 2023. “The largest, undisrupted market in the U.S.,”

Marketing 396

Marketing Inventory Renovations Investors 396

Housing Wire

JANUARY 19, 2023

Declining mortgage rates spurred the demand for home loans at the beginning of 2023, spreading optimism across the industry. After months of a slowing housing market, sellers are offering more discounts to close deals and mortgage lenders are launching programs to protect their clients’ rates.

Mortgage 381

Mortgage Sellers Housing Market Buyers 381

Housing Wire

SEPTEMBER 19, 2023

Meanwhile, the available inventory of unsold homes is growing. This week, inventory grew faster than it did last year at this time. This week was the biggest week of inventory increase all year, with inventory growing by over 9,000 single-family homes. Last year, inventory climbed dramatically for months.

Housing Market 406

Housing Market Marketing Inventory New Listings 406

Lamacchia Realty

FEBRUARY 14, 2024

ARE YOU A "WANT-TO-BE" SELLER IN 2024? From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions.

Sellers 64

Sellers Realtors Buyers Inventory 64

Lamacchia Realty

JANUARY 30, 2024

2023 marked a significant chapter in real estate history, on the state level in Maine as well as nationally. This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. Maine Sales Decreased by 18.9%

Inventory 54

Inventory Sellers Buyers Contracts 54

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. In 2023, nearly half of appraisers surveyed said fee pressure was their biggest challenge, up 20 percentage points since last year.

Appraisal 363

Appraisal Logistics Valuation Appraisal Process 363