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 From the peak, contracts and closings are significantly off.

Real Estate 40

Real Estate Marketing Contracts Sellers 40

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

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. 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% 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. Rates are off their recent peak of a couple weeks ago, but the latest economic news is still very strong, and the markets are growing less sanguine about interest rates easing significantly soon.

Inventory 424

Inventory New Listings Sellers Contracts 424

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

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. That’s down 8.5%

Inventory 468

Inventory Contracts New Listings Sellers 468

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.

Real Estate 367

Real Estate Real Estate Agent Tools Agents 367

Housing Wire

JANUARY 16, 2024

Home sellers are starting to ease back into the market, new listings are finally exceeding the levels of a year ago. 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. Inventory ticked up this week. It’s not a boom.

Inventory 451

Inventory New Listings Sellers Contracts 451

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 480

Mortgage Inventory New Listings Housing Market 480

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 402

Insurance Inventory Marketing Real Estate 402

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 434

Inventory New Listings Housing Market Sellers 434

Housing Wire

APRIL 29, 2024

The weekly volume of new listings is now higher than at anytime last year. The bearish take is that there are many more sellers than buyers and inventory is rising. The bearish take is that there are many more sellers than buyers and inventory is rising. housing market at the end of April 2024. orate further?

Sellers 490

Sellers Marketing Inventory Contracts 490

Housing Wire

MARCH 25, 2024

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. Now it’s on the rise.

New Listings 498

New Listings Inventory Contracts Sellers 498

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? Inventory is inching up.

Real Estate 496

Real Estate Marketing Inventory New Listings 496

Housing Wire

MAY 6, 2024

Inventory increases aren’t occurring at a super fast pace, but the number of homes on the market across the country keeps expanding. The good news for the housing market is that the pace of sales is gradually improving due to the expanded supply. housing market as we roll into May 2024. Click that to reserve your spot now.

Inventory 433

Inventory Contracts Sellers New Listings 433

Housing Wire

APRIL 22, 2024

We’re watching inventory , which continues to grow by 3% each week. Housing inventory When we look at the active inventory of unsold homes on the market, we can definitely see the impact of higher mortgage rates in the past month. Normally, inventory is climbing at this point in the second quarter.

Inventory 509

Inventory New Listings Sellers Contracts 509

Housing Wire

MAY 13, 2024

Inventory continues to build at the national level, something that’s happening most rapidly in the South. Pacific time, Altos Research holds its monthly webinar, where we dive deep on all of the local data trends and the leading indicators for what will happen in the remainder of 2024. real estate market as of mid-May 2024.

New Listings 262

New Listings Contracts Inventory Sellers 262

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 456

Inventory Contracts Sellers New Listings 456

Housing Wire

JANUARY 22, 2024

For several weeks, I’ve been reporting data that shows the housing market growing in 2024. Those metrics, specifically the pace of new listings and new sales contracts, slowed this week. Our immediate sales metric of homes that get offers within a couple days of listing also slowed. 50,000 new pendings.

Real Estate 433

Real Estate New Listings Contracts Inventory 433

Housing Wire

APRIL 13, 2024

Now that this technical level has been broken, 2024 is going to be a lot more interesting, something I discussed in an interview with Yahoo Finance. Weekly housing inventory data Usually, I would jump for joy at last week’s inventory growth. One item to note for this year is the year-over-year comparisons on active inventory.

Inventory 465

Inventory Mortgage New Listings Retail 465

Appraisal Today

MARCH 8, 2024

I’m always looking for something new = Shifting Tides in the Housing Market: A February 2024 Perspective By Kevin Hecht Excerpts: As we navigate through the early months of 2024, the U.S. A1: Back Half of 2024? – My wild guess is that rate cuts will be in the back half of 2024. Not in March. Not in June.

Appraisal 81

Appraisal Contracts Real Estate Housing Market 81

Housing Wire

FEBRUARY 20, 2024

Inventory is climbing vs. last year, and home prices have stayed flat for three weeks now. And as demand slows, inventory grows. Inventory is up over last year and is about to turn the corner and start climbing for the spring selling season, probably within a couple weeks. Is it too much inventory?

Mortgage 502

Mortgage Inventory Sellers New Listings 502

Housing Wire

APRIL 9, 2024

Tomorrow, CPI data will be big for the bond market and mortgage rates, but the real story for 2024 is that mortgage rate spreads have improved this year,” HousingWire lead analyst Logan Mohtashami said. Additionally, last week added only 55,000 new listings for single-family homes, down 8.5% from the week prior and down 1.5%

Mortgage 402

Mortgage New Listings Inventory Contracts 402

Housing Wire

FEBRUARY 26, 2024

Inventory is rising across the country as home-buying affordability takes another hit. As demand slows, inventory grows. As a result, inventory is higher and future sales price indicators are also softer than they were a year ago. Inventory There are now 498,000 single-family homes available unsold on the market around the U.S.

Sellers 433

Sellers Inventory New Listings Contracts 433

Housing Wire

OCTOBER 31, 2023

At least, that’s what the data seems to suggest as inventory grows and new listings decline at a less aggressive rate than last year. Inventory creeps up There are now 562,000 single-family homes on the housing market. Don’t be surprised if inventory keeps climbing next week into November. Don’t have time?

New Listings 494

New Listings Inventory Contracts Housing Market 494

Housing Wire

NOVEMBER 6, 2023

Inventory continues to build There are 567,000 single-family homes on the market. Housing inventory. Remember the Altos rule: If mortgage rates go up, inventory will build in 2024. If rates fall, inventory will also come down again. If rates fall, inventory will also come down again. from last week.

Housing Market 502

Housing Market Marketing Inventory Contracts 502

Housing Wire

OCTOBER 10, 2023

Inventory continues to grow faster than last year at this time. Higher rates equal more inventory, and lower rates equal less inventory. If mortgage rates were to fall between now and January, expect to see inventory decline again next year like it did for most of this year. That’s up a fraction from last week.

Mortgage 435

Mortgage Inventory Contracts Sellers 435

Listing Spark

MARCH 9, 2023

in Austin and inventory rose from 0.6 months supply of inventory is getting to be much more balanced. Closed sales in January were down 27% and new listings were up 16%. New listings climbed 63% month over month indicating that sellers are feeling more confident with the market. [00:08:59]-[00:09:04]

Real Estate 28

Real Estate Marketing Sellers Home Value 28

Housing Wire

SEPTEMBER 12, 2023

There are no signs of any surge in listings, and as a result we’ve seen a floor on home prices. New contracts dipped as affordability is out of reach for so many. Inventory is very low and just inching up now week over week late in the summer. Before that change, it looked as though inventory had peaked for the year.

Contracts 397

Contracts Inventory Housing Market Buyers 397

Housing Wire

JANUARY 19, 2024

Today, we need context for the growth we’ll see in existing home sales in 2024. Remember, with median sales prices and inventory, it’s very seasonal. Something notable about this report: Total active listings as the NAR tracks them almost broke under 1 million again. from December 2022 ($366,500).

Housing Market 449

Housing Market Inventory Contracts Marketing 449

Housing Wire

AUGUST 1, 2023

So today we’ll look at the current price trends and the leading indicators to see if we can make some sense of where that comes from and what we can see already for 2024. The median price of the new listings this week is $399,900. The median price of the homes in contract is $385,000. Maybe we’ll pass it in 2024.

Inventory 364

Inventory Contracts Buyers Mortgage 364

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. It’s not unusual for a little jump in new listings in September.

Housing Market 440

Housing Market Marketing Inventory New Listings 440

Housing Wire

JULY 24, 2023

Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. In the chart below, the light portion of each bar represents the new contracts each week. But, there were another 15,000 condos and townhomes that went into contract this week.

Inventory 323

Inventory Contracts New Listings Buyers 323

Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. Here are some of the big questions to ponder in 2024.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Listing Spark

FEBRUARY 7, 2024

As we enter into 2024, we are stepping out of one of the most turbulent years for real estate in Texas in some time. Buyers had lost confidence in the direction of the market and wanted to wait and see how things would shake out with the FED’s potential rate cuts in 2024. in 2023 Active listings jumped 13.9% in 2022 to 3.3

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Lamacchia Realty

JANUARY 25, 2024

2023 was a notable year in real estate history, but if we had to put our finger on what stood out, it was how the number of homes listed was the lowest in over two decades. It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. A lot of it had to do with anemic inventory.

Inventory 69

Inventory Sellers Contracts Buyers 69

Lamacchia Realty

JANUARY 25, 2024

The market’s resilience can be attributed more to the decrease in inventory than the decline in sales. This report, the first one we are publishing for Rhode Island, examines sales, average prices, the number of active listings, and listings under contract for 2023 compared to 2022. Sales Decline by 23.2%

Inventory 56

Inventory Sellers Buyers Real Estate 56