Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). “The bond market is forcing the Fed to pivot.”

Real Estate 454

Real Estate Inventory Sellers Realtors 454

Housing Wire

NOVEMBER 30, 2023

Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year. Homebuyer traffic will increase in 2024, fueled by lower mortgage rates and more existing-home inventory. Existing-home sales will end 2024 at 4.6 to $394,200.

Buyers 444

Buyers Housing Market Sellers Inventory 444

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 Total inventory data is deficient, and this was my biggest fear in the years 2020-2024, and it happened. Housing is the cost of shelter to own the debt; it’s not an investment. million and 6.16

Housing Market 541

Housing Market Marketing Inventory Sellers 541

Housing Wire

DECEMBER 13, 2023

Among all the experts’ forecasts for 2024, there is no number more tightly watched than mortgage rates, as those rates will undoubtedly impact sales, prices and construction as well. Mortgage rates The experts unanimously foresee lower mortgage rates in 2024, although none expect rates to fall below 6%. million to 5.07

Inventory 461

Inventory Construction Mortgage Buyers 461

Housing Wire

MAY 14, 2024

Louis-based Clever Real Estate found that recent homebuyers, as well as people who are considering a home purchase in the next year, are experiencing a laundry list of difficulties. Last month, Clever surveyed a total of 920 Americans about their views of the home purchase process and real estate agents.

Real Estate Agent 458

Real Estate Agent Agents Real Estate Buyers 458

Housing Wire

NOVEMBER 30, 2023

Wondering how to get a real estate license in Ohio in 2024? Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. How long does it take to get a real estate license in Ohio?

Real Estate 373

Real Estate Real Estate Agent Brokerage Agents 373

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. The real story in housing has been the price boom that we have seen since 2020. million and 1.93

Housing Market 519

Housing Market Marketing Inventory Realtors 519

Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. 1] As a real estate broker in Illinois, it is not legal for you to work independently.

Real Estate Agent 378

Real Estate Agent Real Estate Agents Brokerage 378

Housing Wire

JUNE 21, 2022

The housing nightmare continues. The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Homeowners are in a better financial position than stock traders, which is why the idea of mass panic selling doesn’t reflect housing reality. million , down 3.4% from last year.

Housing Market 540

Housing Market Marketing Inventory Mortgage 540

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey.

Inventory 377

Inventory Agents Real Estate Sellers 377

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. Realtors & NAR have always had the client’s best interest. Always will too,” one wrote.

Agents 346

Agents Realtors Clients Real Estate Agent 346

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. million to 4.98

Housing Market 484

Housing Market Marketing Inventory Mortgage 484

Housing Wire

NOVEMBER 30, 2023

in October on a month-over-month basis, according to data released Thursday by the National Association of Realtors (NAR). Historically high rates harmed the housing market in October Annualized existing home sales remained below 4 million in October, the lowest rate since 2010. down from 72.6 in September.

Housing Market 456

Housing Market Inventory Realtors Construction 456

Will Springer Realtor

JANUARY 2, 2024

If you follow the Seattle/King County housing market closely as I do, then you cannot be faulted for thinking the past year was fairly similar to the one before. Our reflection on the real estate journey for 2023 unveiled a landscape of rising prices, economic uncertainties and shifting market dynamics.

Real Estate 65

Real Estate Sellers Housing Market Realtors 65

Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. Together, the two may suggest that there really is nowhere to go but up in 2024,” she said. “In Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. Existing-home sales dropped 4.1%

Inventory 388

Inventory Realtors New Listings Contracts 388

Housing Wire

MAY 15, 2024

housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. Researchers developed a framework for estimating the number of home sales in 2024 based on the current levels for mortgage rates.

Mortgage 380

Mortgage New Listings Inventory Sellers 380

Housing Wire

FEBRUARY 27, 2023

January’s pending home sales picked up right where they left off in 2022, posting the second consecutive month of increases, according to data released Monday by the National Association of Realtors (NAR). in 2024 Despite these conditions, Yun still expects annual existing home sales to drop 11.1% annual jump in 2024.

Housing Market 405

Housing Market Realtors Contracts Buyers 405

Housing Wire

OCTOBER 26, 2023

in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). in 2024, hitting 800,000 new homes. in 2024, to $445,800. In 2024, they should rise by 13.5% Lastly, they predict that housing starts will drop by 10.4%

Inventory 367

Inventory Contracts Housing Market Realtors 367

Housing Wire

MAY 1, 2024

In light of the jury verdict in the Sitzer/Burnett suit and the terms of the National Association of Realtor’s nationwide settlement agreement of the commission lawsuits , several prominent industry analysts believe Zillow will struggle with its financial performance. Eighty-percent of all real estate transactions across the U.S.

Agents 347

Agents Real Estate Contracts Real Estate Agent 347

Housing Wire

APRIL 18, 2024

This is a byproduct of the qualified mortgage rule of 2010, which has been a game-changer not only for the housing market but for the overall U.S. However, that hasn’t been the case so far in 2024. NAR: Total housing inventory registered at the end of March was 1.11 This is never a good thing for housing.

Inventory 480

Inventory Housing Market New Listings Buyers 480

Housing Wire

NOVEMBER 1, 2023

While the industry has yet to find out what Judge Stephen Bough’s injunction will say and the three defendants, the National Association of Realtors , Keller Williams and HomeServices of America , have vowed to appeal the decision, Barton believes his firm will thrive regardless the outcome.

Real Estate 435

Real Estate Advertising Agents Realtors 435

Housing Wire

DECEMBER 20, 2023

million, according to the National Association of Realtors. Higher rates and lack of resale inventory dampened the housing market in 2023. Falling rates will bring both more buyers and more sellers into the housing market,” Sturtevant said in a statement. Existing-home sales grew 0.8% Looking at the four major U.S.

Inventory 379

Inventory Housing Market Realtors Buyers 379

Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. Befitting a challenging year for the housing market , existing home sales closed out 2023 at a seasonally adjusted annual pace of 3.78 In 2023, 4.09

Inventory 425

Inventory Realtors Housing Market Construction 425

Housing Wire

MARCH 22, 2021

According to The National Association of Realtors, February’s existing home sales missed estimates , coming in at 6.2 For the housing market, the COVID crisis started in earnest in March of 2020. The data for February 2020 showed that the housing market was set to outperform all other sectors. year over year.

Housing Market 475

Housing Market Realtors Business Marketing 475

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). in 2024, according to NAR’s forecast. million in 2024. in 2024, to 820,000. Meanwhile, housing starts are forecast drop 5.3%

Construction 347

Construction Inventory Realtors Housing Market 347

Housing Wire

NOVEMBER 3, 2023

Thanks to provisions in both Anywhere’s and RE/MAX’s settlement agreements , as well as Redfin’s announcement that it would be requiring agents to cancel their National Association of Realtors membership, much of the speculation has focused on what will become of NAR’s 1.5 million members. Certainly there are a lot of places in the U.S.

Realtors 409

Realtors Agents Brokerage Contracts 409

Housing Wire

OCTOBER 10, 2023

CEDAR CREEK, Texas — At HousingWire Annual on Tuesday, HousingWire Lead Analyst Logan Mohtashami demystified “the madness” unfolding in the bonds market in front of an audience of more than 300 real estate and mortgage professionals. He noted the benchmark 10-year Treasury yield edged 4.8% for the first time since 2007.

Mortgage 297

Mortgage Realtors Real Estate Housing Market 297

Housing Wire

MARCH 15, 2024

Meanwhile, trade groups representing lenders believe that more details on the settlement are needed to understand its coming impact on the housing market. NAR said that the changes , if approved by the court, will go into effect in mid-July 2024. You should be finding buyers before real estate agents anyway.”

Buyers 501

Buyers Agents Mortgage Real Estate Agent 501

Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

Inventory 492

Inventory Housing Market Realtors Mortgage 492

Movoto

MARCH 8, 2024

To make the most of your homeownership journey, it’s essential that you pay close attention to the latest data, news, and concepts that are affecting real estate today. That’s why we’re introducing The Home Stretch, a monthly real estate roundup to help you make informed moves. March 4, 2024, [link].

Real Estate 36

Real Estate Inventory New Listings Realtors 36

Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). in 2024, and housing starts will fall 7.3% annual in 2024 to 1.54 annual increase in 2024, bringing existing home sales back up to 5.26 to $390,000 in 2024. year over year. in 2023 and 5.6%

Inventory 399

Inventory Realtors Contracts Construction 399

Housing Wire

SEPTEMBER 11, 2023

About 30% of Cliffco’s production volume consists of non-QMs and executives expect that share to grow to 40% in 2024. Currently licensed in 18 states, Cliffco plans to expand its footprint to 40 states by 2024. The market is retracting but it’s the best time to build,” Watanasuparp said.

Loan Officers 374

Loan Officers Agents Retail Technology 374

Lamacchia Realty

JANUARY 11, 2024

has released their “Top Producing REALTORS®,” for all of 2023! This program recognizes the Top 10 REALTORS® out of the over 500 agents in Lamacchia Realty by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the year! Cyndi Deshaies received her real estate license in March 2017.

Realtors 63

Realtors Realty Real Estate Agents 63

Housing Wire

NOVEMBER 2, 2023

In regards to the outcome of the Sitzer/Burnett commission lawsuit , Kelman said it was one that Redfin has long prepared for, which he felt was evident in the firm’s commitment to giving consumers a better deal and the announcement of their break from the National Association of Realtors. I feel a twinge of optimism. million in Q3 2022.

Agents 401

Agents Technology Housing Market Training 401

Lamacchia Realty

JANUARY 22, 2024

Additional Resources Amy Wallick Discusses 2024 Housing Market on NBC News Boston January 3, 2024 Read More » Amy Wallick Sworn in by Massachusetts Association of REALTORS® as 2024 President October 27, 2023 Read More » Press Read More » The post Amy Wallick Featured in a New Banker & Tradesmen Interview appeared first on Lamacchia Realty.

Realtors 58

Realtors Realty Real Estate Housing Market 58

Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict.

Real Estate 78

Real Estate Marketing Buyers Sellers 78

Lamacchia Realty

MARCH 12, 2024

As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market.

Buyers 67

Buyers Inspection Sellers Real Estate 67