Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. So far, so good in 2024. New listings data While new listings data isn’t growing in significant terms year over year — sorry, silver tsunami crowd — it is showing growth year over year.

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Inventory Mortgage New Listings Sellers 540

Housing Wire

DECEMBER 14, 2023

“Given inflation continues to decelerate and the Federal Reserve Board’s current expectations that they will lower the federal funds target rate next year, we likely will see a gradual thawing of the housing market in the new year,” Sam Khater, Freddie Mac’s chief economist said in a statement. One LO said he quoted an FHA borrower at 5.7%.

Mortgage 481

Mortgage New Listings Loan Officers Inventory 481

Housing Wire

SEPTEMBER 22, 2023

Adding to buyers’ affordability pain, median home prices rose 3.4% 17, total active listings were at 806,701, down 16.2% However, new listings have stabilized, ticking up slightly since the beginning of September. 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 444

Housing Wire

JANUARY 13, 2024

So let’s hope for more home sellers in 2024. 6-13): Inventory rose from 471,349 to 473,406 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 931,002 I don’t want to jinx this because active inventory rose last year at this time. 2022 21.7%

Inventory 530

Inventory New Listings Retail Mortgage 530

Housing Wire

MARCH 9, 2024

In my 2024 forecast , I put the 10-year yield range between 3.21%-4.25% , with a critical line in the sand at 3.37%. Moving the needle doesn’t take much since we all know we have buyers ready to go and home sales are at record lows. Let’s look at this week’s tracker data to get clues for the future.

Mortgage 469

Mortgage Inventory New Listings Housing Market 469

Housing Wire

MARCH 6, 2024

But with mortgage rates ascending past 7% according to HousingWire’s Mortgage Rates Center , those hopes have so far been dashed in 2024. This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings. 31% in 2023-2024. in 2019-2020, 16.9-17.2%

Mortgage 413

Mortgage Sellers New Listings Buyers 413

Housing Wire

JANUARY 26, 2024

According to an NAR outlook, home sales are projected to rise significantly in 2024 and 2025 as the housing market steadily returns to normal. The trade organization projects a 13% increase in existing home sales between 2023 and 2024 for an annualized pace of 4.62 increase between 2024 and 2025 to a pace of 5.35 million units.

Contracts 454

Contracts Housing Market Construction Inventory 454

Housing Wire

DECEMBER 9, 2023

9): Inventory fell from 550,302 to 536,409 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 569,898 For context, active listings for this week in 2015 were 1,050,971 The new listing data has been trending at the lowest levels ever for 17 months now. Weekly inventory change (Dec.

Mortgage 529

Mortgage Inventory New Listings Sellers 529

Housing Wire

APRIL 18, 2024

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. However, that hasn’t been the case so far in 2024.

Inventory 478

Inventory Housing Market New Listings Buyers 478

Housing Wire

FEBRUARY 29, 2024

.” Lower mortgage rates buoyed buyer demand in early 2024, but rates started to inch back up toward 7% in February. We expect future pending home sales to improve over last year’s levels, though at a muted pace, given the pull-back in new listing growth,” CoreLogic chief economist Selma Hepp said in a statement. “We

Contracts 403

Contracts Inventory Realtors New Listings 403

Housing Wire

FEBRUARY 22, 2024

Even though the Federal Reserve ’s Federal Open Market Committee (FOMC) expressed cautious optimism at its meeting in January, policymakers are in no rush to apply rate cuts in 2024. Recent surges in new listings bode well for a strong homebuying season this spring.

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Mortgage New Listings Housing Market Buyers 421

Housing Wire

NOVEMBER 25, 2023

Instead, let’s look at the future: If the 10-year yield can break under 4.34% with some kick from bond buyers, we have an excellent shot at getting under 7%. However, with mortgage rates down to 7.32%, we need to keep a closer eye on the weekly data, especially going into spring 2024, if rates fall more.

Inventory 533

Inventory Mortgage New Listings Buyers 533

Housing Wire

NOVEMBER 9, 2022

In the previous expansion, one of my long-term calls was that the MBA purchase application data will never hit the volume level of 300 until the years 2020-2024. The years 2020-2024 were going to be the time when total home sales could finally reach 6.2 New listing data is down 5% year to date, as you can imagine.

New Listings 487

New Listings Inventory Housing Market Sellers 487

Housing Wire

DECEMBER 2, 2023

Mortgage rates almost fell below 7%, the 10-year yield is below 4.25% again, and people are seriously talking about Fed rate cuts in 2024. One concern with higher mortgage rates was that more sellers — who are traditional buyers — would not list their homes. What a week! Purchase application data Hello, early Christmas present!

Mortgage 542

Mortgage Inventory New Listings Sellers 542

Sacramento Appraisal Blog

JANUARY 30, 2024

But in 2024 there’s a flicker of hope as sellers have thawed out just a bit. Stuck in place. Not moving. That pretty much describes sellers. I’ll explain what I mean below, and I suspect many markets around the country are experiencing a similar trend. Any thoughts?

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Sellers Appraisal Marketing New Listings 364

Housing Wire

NOVEMBER 11, 2023

We saw some good growth this week, and hopefully, in 2024, we can close the gap and get back to 2021-2022 data on new listings. We saw some good growth this week, and hopefully, in 2024, we can close the gap and get back to 2021-2022 data on new listings. Weekly inventory change (Nov.

Inventory 471

Inventory New Listings Mortgage Retail 471

Housing Wire

APRIL 24, 2024

Property Insights help you save, note, and assign MLS property listings of interest to your clients within Top Producer’s CRM. The MLS integration then updates the status and relevant information of listings attached to each of your clients. Today, buyers expect an immediate response to their inquiries.

Real Estate 346

Real Estate Clients Tools Contracts 346

Housing Wire

NOVEMBER 18, 2022

When I outlined my 23% five-year growth model for 2020-2024, it was to have a marker for when price growth got too hot. However, I knew the years 2020-2024 would see better demand from the bump in demographics. Seasonal impacts are the norm with housing, and new listing data is negative 6% year to date.

Inventory 468

Inventory Marketing Housing Market New Listings 468

Housing Wire

DECEMBER 21, 2022

” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well. This explains why total active listing inventory data has been stable over the decades, with the exception of 2006-2011, when those forced distressed credit home sellers couldn’t buy.

Inventory 522

Inventory New Listings Housing Market Sellers 522

Housing Wire

FEBRUARY 7, 2024

This was likely a reflection of the prolonged decline in vacant homes for sale, which made it difficult for would-be buyers to find a home to purchase. Mortgage rates followed suit, walloping buyers’ purchasing power. We got an early test in December and January when the FOMC forecasted rate cuts in 2024.

Inventory 411

Inventory Sellers Mortgage Marketing 411

Housing Wire

FEBRUARY 23, 2024

Our data lines here at Housing — which track things weekly — show inventory is growing year over year with new listings growth as well. This means 2024 is starting to look a lot like 2023 unless rates fall soon. From NAR : Total existing-home elevated 3.1% from December to a seasonally adjusted annual rate of 4.00

Inventory 452

Inventory Mortgage New Listings Marketing 452

Housing Wire

APRIL 25, 2024

In 2024, agents have two choices; learn how to run your entire business from the apps on your phone or tablet, or find a new career. To help, we reviewed hundreds of options to put together this list of the best real estate apps for 2024. Think of it as another concierge service to offer your buyers to help you stand out.

Real Estate 359

Real Estate Agents Open Houses Tools 359

Housing Wire

MARCH 8, 2024

The notifications were approved by Judge Stephen Bough, who is overseeing the Sitzer/Burnett suit, on January 11, 2024, and the usage of settlement fund to pay for the distribution of the notifications was approved on Feb. If recipients wish to opt out or object they must do so by April 13, 2024. she asked. “It

Agents 407

Agents Legal Realtors Clients 407

Housing Wire

APRIL 25, 2024

“I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We There is no way you can stay on top of things unless you hire someone to watch new listings pop up every 10 minutes. Buyers are really struggling.” We couldn’t even see it.

Buyers 396

Buyers Marketing Inventory Investors 396

Hank Miller Team

JANUARY 9, 2024

What is the forecast for the Atlanta real estate market in 2024? The high water marks of late spring '22 are visible Rate shocks bottomed in late '22 and over'23 prices climbed back ending up in all categories Peaks to current see about even list prices with 5-5.5 Spring typically sees listings jump, we will see it again this year.

Real Estate 40

Real Estate Marketing Contracts Sellers 40

Housing Wire

JANUARY 10, 2024

Once a lead is input into its CRM, Zurple sparks conversations via text or email with your leads from all sources, and alerts them to new listings in their area of interest. It’s highly effective for connecting agents and brokers with local buyer leads.

Real Estate 357

Real Estate Real Estate Agent Tools Agents 357

Housing Wire

SEPTEMBER 22, 2022

With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years. Existing home sales have more legs to go lower, especially now that new listing data is falling. However, the secondary negative impact was going to be more painful.

Inventory 452

Inventory Housing Market New Listings Mortgage 452

Housing Wire

FEBRUARY 22, 2024

The hope is that a potential cooling of interest rates will contribute to a stronger market in 2024, according to Florida Realtors President Gia Arvin, a broker-owner with Matchmaker Realty in Gainesville. “New listings of single-family homes were up 16.7% ” Closed sales of single-family homes grew 0.6%

New Listings 422

New Listings Realtors Real Estate Inventory 422

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” But as the calendar flipped to 2024 and as we inch closer to the spring selling season, Fischer said things have started to pick up. in mid-January 2024. as of February 29, 2024. According to Altos Research, as of Feb.

Housing Market 423

Housing Market Marketing Inventory Construction 423

Housing Wire

JANUARY 29, 2024

Most economists forecast mortgage rates to decline in 2024, stoking optimism about the housing market. Most forecasts call for rates to bounce within the 6% to 7% range in 2024, marking the first annualized decline after three straight years of gains. On the bright side, new listings rose 2.2% by the end of this year.

Mortgage 415

Mortgage Inventory Investors New Listings 415

Housing Wire

DECEMBER 7, 2022

million, the equilibrium balance between a buyer and seller marketplace that has been here for four decades. One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual. Total inventory levels. NAR: Total Inventory levels 1.22

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At as of March 6, 2024. There is nothing to show.”

Housing Market 420

Housing Market Buyers Agents Marketing 420

Housing Wire

AUGUST 3, 2022

This is why I focused my readers on the years 2020-2024, because if home prices only grew by 23% over five years, we would be ok. They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. We see some of this in the active listing data as new listings are declining.

Mortgage 501

Mortgage Inventory Sellers Housing Market 501

Housing Wire

MARCH 11, 2024

The only way inventory would grow in 2024 is if mortgage rates climbed. New listings To watch whether supply and demand might get out of balance with higher mortgage rates, keep an eye on the new listings volume this spring, not just the total inventory. There were 59,000 new listings unsold this week.

Inventory 505

Inventory New Listings Sellers Real Estate 505

Housing Wire

APRIL 1, 2024

New listing volume last week was 18% more than a year ago. All of these signals point to rising home sales in 2024. NAR reported 33% all cash buyers, which is the most since 2014 when buyers were still cleaning up distressed properties. That’s 60,000 new listings and another 17,000 immediate sales.

Inventory 462

Inventory New Listings Contracts Sellers 462

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. But, 2024 is starting stronger than last year. But, 2024 is starting stronger than last year. So the sales rate is already growing for 2024.

Real Estate 492

Real Estate Marketing Inventory New Listings 492

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. Things will pick up in the next week or two.”

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Housing Market Marketing Logistics Real Estate 417