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. Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates. percentage points—sellers take notice. 31% in 2023-2024. in 2019-2020, 16.9-17.2%

Mortgage 419

Mortgage Sellers New Listings Buyers 419

Housing Wire

MAY 8, 2024

Since most sellers are buyers, inventory should be stable if demand is stable. So inventory slowly broke lower and lower as we came into the years 2020-2024. Now, nobody is listing their homes to sell and buy unless they’re 100% pre-qualified. So you can see why we have so few stressed sellers.

Inventory 442

Inventory Law New Listings Sellers 442

Housing Wire

MARCH 2, 2024

Let’s take a look at the inventory data this year to test this premise, since for many months it has been a working theory of mine that new listings data behavior last year marked a bottom and even going into 2024 we should see more sellers. Here is a look at inventory last week: Weekly inventory change (Feb.

Inventory 534

Inventory Mortgage New Listings Housing Market 534

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 485

Mortgage New Listings Loan Officers Inventory 485

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.

Inventory 531

Inventory New Listings Retail Mortgage 531

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.

Inventory 541

Inventory Mortgage New Listings Sellers 541

Housing Wire

MAY 3, 2024

As the spring selling season kicks off, many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase. In Denver in particular, new listings increased 29.12% month-over-month and 22.63% year-over-year. With only 1.3

Inventory 346

Inventory Lending Real Estate Housing Market 346

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 530

Mortgage Inventory New Listings Sellers 530

Housing Wire

MAY 8, 2024

“In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We Year over year , Compass gained 26 basis points of market share, bringing its total share of home sales in Q1 2024 to 4.76%.

Agents 363

Agents Brokerage Real Estate Clients 363

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 489

Inventory Housing Market New Listings Buyers 489

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 534

Inventory Mortgage New Listings Buyers 534

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 491

New Listings Inventory Housing Market Sellers 491

Housing Wire

FEBRUARY 7, 2024

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. Mortgage rates followed suit, walloping buyers’ purchasing power.

Inventory 417

Inventory Sellers Mortgage Marketing 417

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! Weekly inventory change (Nov.

Mortgage 543

Mortgage Inventory New Listings Sellers 543

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. Since the credit standards have improved post-2010, we shouldn’t see distressed sellers until a job loss recession happens, even if sales fall noticeably.

Inventory 524

Inventory New Listings Housing Market Sellers 524

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 475

Inventory New Listings Mortgage Retail 475

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 376

Real Estate Clients Tools Contracts 376

Housing Wire

MARCH 8, 2024

The mailers are titled “Notice of Proposed Settlements” and they began hitting the mailboxes of home sellers in mid-February. If recipients wish to opt out or object they must do so by April 13, 2024. What do the postcards say? Millions are expected to be sent out across America. “If she asked. “It

Agents 413

Agents Legal Realtors Clients 413

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 473

Inventory Marketing Housing Market New Listings 473

Housing Wire

DECEMBER 7, 2022

These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. As we can see below, none of that is happening today because the seller isn’t stressed.

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

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?

Sellers 488

Sellers Marketing Inventory Contracts 488

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

SmartZip primarily benefits experienced listing agents, yet any agent willing to nurture seller leads can thrive with this platform. The company provides robust marketing and nurturing tools, including a CRM with lead data, home valuation landing pages, direct mail campaigns, a comparative market analysis tool and more.

Real Estate 363

Real Estate Real Estate Agent Tools Agents 363

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 456

Inventory Housing Market New Listings Mortgage 456

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 411

Buyers Marketing Inventory Investors 411

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 379

Real Estate Agents Open Houses Tools 379

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. This doesn’t mean homebuyers don’t have something of an edge now: As inventory has increased and buying power has faded, the buyers who are available are dealing with a lot less competition as the bidding wars are ending. Now fast forward to 2022.

Sellers 504

Sellers Inventory Housing Market New Listings 504

Housing Wire

FEBRUARY 22, 2024

“Mortgage interest rates above 6% continued to impact potential homebuyers’ purchase power, while also contributing to a lock-in effect among would-be home sellers who bought their homes years ago with a mortgage rate of 3% to 4.5%,” the association explained in an announcement. “New listings of single-family homes were up 16.7%

New Listings 427

New Listings Realtors Real Estate Inventory 427

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 504

Mortgage Inventory Sellers Housing Market 504

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. Altos considers anything above a reading of 30 to be a seller’s market.

Housing Market 428

Housing Market Marketing Inventory Construction 428

Housing Wire

FEBRUARY 26, 2024

Last year at this time, we were seeing surprising home buyer demand with rates having fallen to the low 6s. 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. But we’re not there yet.

Sellers 431

Sellers Inventory New Listings Contracts 431

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 426

Housing Market Buyers Agents Marketing 426

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. The only way inventory would grow in 2024 is if mortgage rates climbed. There were 59,000 new listings unsold this week.

Inventory 508

Inventory New Listings Sellers Real Estate 508

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. Could the housing market change and slow again in 2024? That’s certainly possible.

Real Estate 496

Real Estate Marketing Inventory New Listings 496

Housing Wire

APRIL 1, 2024

At the same time, seller volume dried up. But now sellers are coming back into the market. New listing volume last week was 18% more than a year ago. All of these signals point to rising home sales in 2024. That’s 60,000 new listings and another 17,000 immediate sales. is $439,900.

Inventory 466

Inventory New Listings Contracts Sellers 466

Housing Wire

FEBRUARY 28, 2024

If you’re struggling to market your business on social media, or worse, haven’t even started yet, you might be in for a rude awakening in 2024. So if you want to actually generate leads from social media, focus on telling stories that resonate with local buyers and sellers. Guess what?

Real Estate 436

Real Estate Marketing Tools Sellers 436

Housing Wire

APRIL 22, 2024

We’re rapidly approaching the peak of the market in terms of seller listings, and as inventory builds, the sales rate will peak by the end of June. But when you add a spike in mortgage rates that makes homebuying less affordable, that leads to fewer buyers and inventory grows. More sellers means more sales can happen.

Inventory 506

Inventory New Listings Sellers Contracts 506