Housing Wire

FEBRUARY 29, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Meanwhile, new home sales , which are also a measure of contract signings, reached a seasonally adjusted annual rate of 661,000 in January, up 1.5% Overall active inventory improved 7.9% from December’s annualized rate.

Contracts 419

Contracts Inventory Realtors New Listings 419

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. in 2024, and housing starts will fall 7.3% annual in 2024 to 1.54 to $390,000 in 2024. year over year. and West (59.4)

Inventory 426

Inventory Realtors Contracts Construction 426

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. Clark’s team of 73 loan originators who cover the East Coast funded $81 million in loans in January 2024, up 35% from January 2023.

Loan Officers 415

Loan Officers Mortgage Buyers Inventory 415

Housing Wire

JANUARY 23, 2024

With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. Well into January, we are already seeing properties go under contract in the first weekend with multiple offers. Will we get more inventory? The strategy has changed for buyers.

Real Estate Agent 444

Real Estate Agent Real Estate Buyers Agents 444

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. in 2024, according to NAR’s forecast. million in 2024. next year, to $395,000. “Home prices will be influenced by how much inventory is brought to market. in 2024, to 820,000. million, or 5.4%, in 2024. in 2023, settling at 4.38

Construction 366

Construction Inventory Realtors Housing Market 366

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. I was already using buyer broker contracts, but now use them 100% of the time.

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Agents Realtors Clients Real Estate Agent 389

Housing Wire

AUGUST 3, 2023

Opendoor has committed to deliver at least 100 basis points of contribution margin improvement by 2024, increasing the annual target range to 5% to 7%, with a goal of eventually returning to positive adjusted net income. Meanwhile, Opendoor’s inventory balance reached $1.1 The contribution margin was negative 4.6% in Q2 2023.

Inventory 356

Inventory Contracts Sellers Housing Market 356

Housing Wire

FEBRUARY 27, 2024

SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. Exclusivity: No Trial period: No Contract requirements: Annual contract required SmartZip is a lead generation, marketing and CRM solution founded in 2008.

Advertising 407

Advertising Tools Real Estate Sellers 407

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 383

Loan Officers Mortgage Lending Retail 383

Housing Wire

FEBRUARY 28, 2022

regions, only the West registered an increase in month-over-month contract activity. Unlike the surge in make-up demand we saw at the end of 2020, this recent outperforming data should moderate just due to traditional demand limits with the housing market at record low inventory levels. Of the four major U.S. This is critical.

Inventory 410

Inventory Housing Market Realtors Marketing 410

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.

Inventory 420

Inventory Mortgage New Listings Sellers 420

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. From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% Total Inventory data fell in this report from 1.31 Unsold inventory sits at a 3.2-month

Inventory 458

Inventory Housing Market New Listings Mortgage 458

Housing Wire

OCTOBER 13, 2023

With the official launch set for the first quarter of 2024, Home Data Solutions secured 50 state licenses and has relationships with 700+ MLSs. In the current environment where mortgage lenders are in a big contraction given the lack of inventory, rising interest rates and affordability challenges, lenders need support, Moon noted.

Technology 397

Technology Business Contracts Mortgage 397

Hank Miller Team

JANUARY 9, 2024

What is the forecast for the Atlanta real estate market in 2024? drops in contract and sale prices All categories saw positive growth out of the Dec '22-Jan '23 lows Home prices for Q1 '24 into Q2 '24 in the greater Atlanta real estate market will be heavily influenced by inventory.

Real Estate 40

Real Estate Marketing Contracts Sellers 40

Housing Wire

JANUARY 10, 2024

In this article, we explore nine exceptional real estate lead generation companies that can supercharge your lead generation efforts, each with its unique strengths and limitations.

Real Estate 379

Real Estate Real Estate Agent Tools Agents 379

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

Housing Market 414

Housing Market Marketing Contracts Finance 414

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 65

Sellers Realtors Buyers Inventory 65

Housing Wire

APRIL 1, 2024

Total available inventory is gradually climbing about 1% per week — last year it was still declining in April. As we roll into the second quarter, we should have accelerating inventory growth each week. All of these signals point to rising home sales in 2024. More sellers means more sales in 2024. That’ll feel like a lot!

Inventory 466

Inventory New Listings Contracts Sellers 466

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. But the evidence is the opposite.

Inventory 508

Inventory New Listings Sellers Real Estate 508

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 471

Inventory Contracts New Listings Sellers 471

Housing Wire

NOVEMBER 27, 2023

If you follow real estate data closely, you’ll know that inventory rose late into November. Inventory (finally) peaks for the year Housing inventory was down by 0.7% Inventory hit 566,000 homes on the market, meaning there are 0.5% There’s nothing bullish on the horizon for home prices in 2024. Short on time?

New Listings 495

New Listings Contracts Inventory Housing Market 495

Housing Wire

MARCH 18, 2024

As we started 2024, the signals in the U.S. real estate market were for inventory growth, sales growth and home-price growth across the U.S. Last year, the most common view was that mortgage rates would fall in 2024. I talk frequently about how rising rates creates rising inventory. They climbed starting Jan.

Inventory 430

Inventory New Listings Sellers Contracts 430

Housing Wire

DECEMBER 4, 2023

Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housing market. New listings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November. Inventory is 1.2%

Housing Market 491

Housing Market Marketing Inventory New Listings 491

Housing Wire

JUNE 2, 2023

The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. What does Ishbia think about surging mortgage rates , lack of housing inventory and monetary and policy pressures ? We’ll get a lot better in 2024.

Retail 368

Retail Inventory Mortgage Loan Officers 368

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. Binney said.

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Inspection Real Estate Agent Real Estate Insurance 408

Housing Wire

JANUARY 16, 2024

The longer we stay with mortgage rates higher, the more inventory will build closer to where it used to be. Higher mortgage rates means more inventory. If mortgage rates fall into the 5s this spring, you should expect the available inventory to decline as demand picks up rapidly. Inventory ticked up this week.

Inventory 455

Inventory New Listings Sellers Contracts 455

Housing Wire

NOVEMBER 2, 2023

While its expensive setup fee and contract terms may not be ideal for all agents, Zurple’s emphasis on lead quality, lead prioritization and automated nurturing campaigns make it suitable for real estate professionals aiming to streamline the efficacy of their email marketing efforts. Zurple is that assistant you’ve been looking for.

Real Estate 401

Real Estate Real Estate Agent Tools Agents 401

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I Due to the demand from move-up buyers in Tiller’s area, the average days on market for homes with a median price of roughly $190,000 was just 17 days as of early March 2024.

Inventory 418

Inventory Buyers Agents Real Estate 418

Listing Spark

SEPTEMBER 27, 2023

As 2024 approaches, you might be thinking about the year ahead: your professional growth goals, changes you want to make in your work processes, and how you’re going to retain business against competitors, both human and software. Here are some of the most dynamic aspects of real estate that you’ll encounter throughout 2023.

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Realtors Investing Real Estate Clients 36

Housing Wire

APRIL 29, 2024

The bearish take is that there are many more sellers than buyers and inventory is rising. In addition to a higher number of new listings, there were also more new contracts started this week than in any week in 2023. housing market at the end of April 2024. Two years ago, inventory was jumping along with mortgage rates.

Sellers 471

Sellers Marketing Inventory Contracts 471

Appraisal Today

APRIL 5, 2024

To see the listing with 19 photos, Click Here == LoanDepot Appraisal Discrimination Settlement By Peter Christensen, March 28, 2024 Connolly and Mott v. The second development in the case is that on March 22, 2024, the attorneys for Drs. a state-of-the-art home gym, salon, yoga room. No pickleball court. District Court, Maryland.

Appraisal 75

Appraisal Contracts Business Construction 75

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.

Insurance 409

Insurance Inventory Marketing Real Estate 409

Housing Wire

NOVEMBER 20, 2023

Last week, I asserted that housing inventory growth had finished for the year. This week, the available inventory of unsold single-family homes crept up minimally. After all, more sellers means more sales in 2024. After all, more sellers means more sales in 2024. Turns out I was wrong! What does that mean?

Inventory 440

Inventory New Listings Housing Market Sellers 440

Housing Wire

DECEMBER 11, 2023

Inventory is declining for the holidays There are now 546,000 single-family homes on the market. Inventory is finally declining for the holidays. The last few months as mortgage rates rose, inventory rose too. Rates have stabilized, and inventory if falling into the new year. That’s 1.75% fewer than last week.

Inventory 464

Inventory Contracts Sellers Housing Market 464

Housing Wire

FEBRUARY 24, 2024

Mortgage rates and the 10-year yield The 10-year yield is the key for housing in 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%. Weekly housing inventory data My favorite housing data line for 2024 has been seeing the increase in inventory year over year.

Mortgage 484

Mortgage Inventory New Listings Housing Market 484

Housing Wire

OCTOBER 16, 2023

Available inventory of unsold homes rose by 1.8% The leading indicators for sales prices show that 2023 will end with home price gains of 1-2% over 2022, but the 2024 outlook is weakening and depends on your view of mortgage rates in Q1 and whether home prices will appreciate next year. Will we see inventory growth YoY by November?

Inventory 458

Inventory Contracts Sellers New Listings 458

Appraisal Today

JANUARY 5, 2024

Five USPAP Myths Dispelled in 2024 USPAP By Daniel A. Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. Excerpts: 4 Bedrooms, 4.5 baths, 4,000 sq.ft.,

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Appraisal Contracts Legal Business 74