Housing Wire

OCTOBER 24, 2022

In May, I wrote about the signs to watch for a real estate market slowdown. The price of new listings is dropping. Key takeaway: when imagining the possible outcomes for the 2023 market, it looks like that 5.5% The holidays usually see far fewer sellers — most sellers wait until January to list their homes.

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Real Estate Marketing Inventory Sellers 319

Housing Wire

FEBRUARY 14, 2024

Meanwhile, other homes are lingering on the market for months and driving up the typical age of listings on Zillow to 72 days. To lure more buyers, sellers are coming to terms with the market conditions and are agreeing to apply price cuts to their homes. In January, one in five houses listed on Zillow included a price cut.

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New Listings Sellers Housing Market Buyers 395

Housing Wire

MAY 8, 2024

Robert Reffkin is confident that Compass and its agents have what it takes to continue growing and succeeding in the changing real estate environment. “In million net loss reported in Q1 2023. Compass executives, however, were not deterred by this news as the firm yet again finished the quarter free cash-flow positive at $5.9

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Agents Brokerage Real Estate Clients 372

Housing Wire

OCTOBER 13, 2023

Berg told ALTA One attendees that they should be particularly wary of escrow account “shenanigans” and that they need to keep tabs on how builders and real estate agents are shifting funds around through escrow accounts. You all in this room are the biggest targets for impersonation in a real estate transaction.

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Real Estate Agent Real Estate Agents Sellers 422

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. It wasn’t the rate move that caught my attention — it was the new listing data. Can you blame home sellers? The parts of the U.S.

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Mortgage Inventory New Listings Sellers 518

Housing Wire

FEBRUARY 7, 2024

It’s no secret that 2023 was a difficult year to buy a home. With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. New data from the U.S.

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Inventory Sellers Mortgage Marketing 413

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. That is a real live talking point, but it will require a job loss recession. Confused by this?

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Inventory New Listings Housing Market Sellers 523

Housing Wire

NOVEMBER 28, 2023

Home prices rallied in September, as homebuyers still outnumbered sellers. 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. Home prices posted a 3.9%

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New Listings Contracts Inventory Sellers 364

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

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. That’s where we come in.

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Real Estate Contracts Clients Real Estate Agent 78

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. Things are starting to look up in 2023 with a break in mortgage rates. [00:05:15]-[00:05:31]

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Real Estate Marketing Sellers Home Value 28

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 active listings rose by only 4,401. The new listing data has been trending at the lowest levels ever for over 12 months now.

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Inventory Mortgage New Listings Sellers 370

Housing Wire

APRIL 18, 2024

This scenario is similar to 2023 when rates fell. The one thing that is positive this year which is different than last year is new listing data is rising year over year, nothing spectacular, but it’s a positive story for housing This means we have more sellers that will be buyers in 2024. million units, up 4.7%

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Inventory Housing Market New Listings Buyers 485

Housing Wire

NOVEMBER 21, 2023

While circumstances for buyers remain tight, home sellers have done well as prices continue to rise year-over-year, including a new all-time high for the month of October,” Yun said. “In 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 400

Housing Wire

JANUARY 20, 2023

In a typical spring market, sellers lead buyers, with new listings coming on the market in the early part of the year before buyers start thinking about shopping,” Sturtevant said. Despite the monthly drop, the unsold inventory at the end of December is up 10.2% year over year.

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Inventory Housing Market Realtors Buyers 367

Housing Wire

FEBRUARY 6, 2023

Altos Research Weekly Chart Hopefully, we will get the seasonal inventory push sooner in 2023 than we did in the last two years. 27 – Feb 3, 2023): Fell From 465,654 t o 456,990 Same week last year (Jan. And should we be concerned if new listing data doesn’t grow much this year? Weekly inventory change (Jan.

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Inventory Housing Market Marketing New Listings 456

Housing Wire

APRIL 29, 2024

The weekly volume of new listings is now higher than at anytime last year. It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. orate further?

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Sellers Marketing Inventory Contracts 485

Housing Wire

FEBRUARY 28, 2024

To help, I put together my best strategies for real estate social media marketing that still work in 2024, common mistakes to avoid, how to choose which platforms to focus on, and my favorite free and paid social media tools that can cut your work in half. Social media gives you the perfect opportunity to build a brand that resonates.

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Real Estate Marketing Tools Contracts 432

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.

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New Listings Realtors Real Estate Inventory 423

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.

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Inventory Housing Market New Listings Mortgage 452

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. Home prices ebb and flow, pricing was working in the sense that sellers met homebuyers to a degree. To have a balanced housing market, we need active listings to rise yearly, which they typically do; 2020 was an anomaly.

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Sellers Inventory Housing Market New Listings 501

Housing Wire

JANUARY 8, 2024

Based on the trends we can see after the start of the year, I’ll project 2024 will see about 15% home sales growth over 2023. These are very clear trends as we start the new year. 2023 started with recovery, but slowed down in Q3 as mortgage rates hit 8%. There are slightly more sellers each week. Currently 32.8%

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Real Estate Marketing Inventory New Listings 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. One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. 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

NOVEMBER 5, 2023

In an ever-changing real estate market, agents are looking for the best way to generate leads. In light of the recent NAR lawsuit outcome , seller leads are even more crucial. Companies like SmartZip can quickly and easily generate a list of potential home sellers based on data, not just a zip code.

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Real Estate Tools Real Estate Agent Agents 207

Housing Wire

FEBRUARY 26, 2024

We still see more sellers than last year. Each week, there are more new listings than a year ago, allowing inventory to build and eventually leading to more home sales this year than last. Last week showed good growth in sales over 2023, and I mentioned that it might be fleeting. But that sales growth rate is fragile too.

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Sellers Inventory New Listings Contracts 427

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. As you can see above, starting in September of 2023, we saw steady year-over-year price growth increases in the data, making the year-over-year price comps harder this year.

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Inventory New Listings Housing Market Contracts 466

Housing Wire

MARCH 11, 2024

The suspicion was that there were a bunch of sellers who were waiting to sell: Once rates fell these sellers would come rushing back to this real estate market and we’d finally see inventory grow. Second, because people think of home sellers as being locked-in by high interest rates. Last week, 30.5%

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Inventory New Listings Sellers Real Estate 505

Housing Wire

NOVEMBER 16, 2023

New findings from the National Association of Realtors (NAR) show a fresh picture of who’s buying and selling homes, with more first-time buyers entering the market and families looking for homes that fit multiple generations. For real estate professionals, the changing landscape is a call to action.

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Real Estate Marketing Real Estate Agent Tools 392

Housing Wire

MAY 13, 2024

If you need to communicate about the real estate market with buyers and sellers, you should join us. real estate market as of mid-May 2024. It’s the peak season for buyers and sellers. Inventory in 2023 didn’t really accelerate until mortgage rates approached 8% in the fall. That’s up 1.5%

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New Listings Contracts Inventory Sellers 440

Housing Wire

NOVEMBER 5, 2023

Real estate prospecting is a necessary activity for agents aiming to build a robust pipeline of buyer and seller leads. The objective is to build relationships, understand the needs of potential clients, and position yourself as a go-to resource when they are ready to buy or sell real estate.

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Real Estate Tools Real Estate Agent Open Houses 422

Listing Spark

SEPTEMBER 25, 2023

It’s been a wild ride for Texas real estate this year! Navigating Texas Real Estate with Rising Interest Rates We’re heading into Q4 of a tough year for the real estate market. Here are five of the biggest change in the Texas Real Estate market.

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Real Estate Sellers New Listings Inventory 69

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. sellers and buyers) began to restore itself. Sales Down 18.8%

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Inventory Sellers Buyers Real Estate 49

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 491

Empire Appraisal Group

JUNE 22, 2023

Both new listings and total listings have dropped to their lowest levels on record for this time of year. The last three potential sellers I’ve met are people moving out of the country. I’m also working with someone who’s moving out of town for a new job and another person who needs a smaller home for health reasons.”

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Mortgage Sellers Buyers New Listings 78

Housing Wire

MARCH 22, 2024

“I think one of the major trends we are seeing is that our overall inventory is up 60% year over year compared to 2023,” said PJ Smith, president of the Naples Area Board of Realtors and the broker-owner of Naples Golf to Gulf Real Estate. “We Smith attributes the uptick in inventory to a bump in new listings.

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Insurance Inventory Marketing Real Estate 396

Housing Wire

MAY 20, 2024

The second dynamic to watch here is how many sellers are cutting their prices each week. But we can see that there is an upper limit to affordability for homebuyers and sellers should absolutely be aware of this before they list their homes. New listings New listings appear to have peaked for the year three weeks ago.

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Inventory New Listings Sellers Contracts 416

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. The top three spots in the ranking were Buffalo, New York, and Cincinnati and Columbus, Ohio. The real estate market As of Jan.

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