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 466

Inventory Construction Mortgage Buyers 466

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 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

APRIL 22, 2021

According to the National Association of Realtors, March’s existing-home sales came in at 6.01 For the housing market, the COVID crisis started in earnest the week of March 23, as that is the last week we saw positive year-over-year data in 2020 before COVID-19 really took us for a ride. From NAR: My biggest fear for the U.S.

Housing Market 539

Housing Market Marketing Realtors Inventory 539

Housing Wire

MAY 21, 2021

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. housing market for 2020 to 2024 is that home prices could escalate to an unhealthy level. The post Existing home sales data: A bad sign for housing market?

Housing Market 541

Housing Market Marketing Inventory Realtors 541

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 458

Real Estate Inventory Sellers Realtors 458

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 I use the 1.52-1.93

Housing Market 524

Housing Market Marketing Inventory Realtors 524

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. Pending home sales rose 8.3% in November.

Contracts 458

Contracts Housing Market Construction Inventory 458

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 Regarding the monthly supply for housing, we want this to get above four months as soon as possible. million , down 3.4% from the previous month and 8.6% from last year.

Housing Market 540

Housing Market Marketing Inventory Mortgage 540

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

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Housing Market Marketing Inventory Mortgage 490

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.

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Housing Market Inventory Realtors Construction 472

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 402

Inventory Realtors New Listings Contracts 402

Lamacchia Realty

JANUARY 3, 2024

Amy Wallick Discusses 2024 Housing Market on NBC News Boston Amy Wallick was recently featured on an NBC News Boston segment, where she discusses what we can expect in 2024 for the housing market.

Housing Market 58

Housing Market Marketing Realtors Realty 58

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 399

Inventory Agents Real Estate Sellers 399

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 421

Housing Market Realtors Contracts Buyers 421

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 488

Inventory Housing Market New Listings Buyers 488

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.

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Agents Realtors Clients Real Estate Agent 372

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 388

Inventory Contracts Housing Market Realtors 388

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 403

Inventory Housing Market Realtors Buyers 403

Housing Wire

APRIL 30, 2024

million families under the Equitable Housing Finance Plans ”by educating consumers, reducing closing costs, introducing innovation into underwriting, and combating appraisal bias,” the agency stated. On Tuesday, several housing groups and trade associations lauded the agency for passing the new rule.

Lending 369

Lending Finance Government Realtors 369

Housing Wire

NOVEMBER 22, 2023

The housing market has not hit the bottom in existing home sales yet, Fannie Mae projected. With mortgage rates having previously soared to around 8% , existing home sales will likely decline further to bottom out in early 2024. million , according to the National Association of Realtors. million in 2024 and 5.3

Housing Market 406

Housing Market Mortgage Realtors Business 406

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 437

Inventory Realtors Housing Market Construction 437

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 479

Housing Market Realtors Business Marketing 479

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%

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Construction Inventory Realtors Housing Market 360

Housing Wire

APRIL 25, 2024

in March compared to February despite rising mortgage rates , according to data released Thursday by the National Association of Realtors (NAR). million home sales in 2024, a 9% increase from 2023. Pending home sales increased by 3.4% Sales were essentially flat compared to one year ago. in March, up from 75.6

Inventory 413

Inventory Buyers Realtors Investors 413

Housing Wire

MARCH 28, 2024

month over month, according to the newest data released Thursday by the National Association of Realtors (NAR). annually in February 2024. Pending home sales increased modestly in February despite rising mortgage rates , growing 1.6% NAR’s Pending Home Sales Index increased to 75.6 in February, up from 74.3 in January.

Inventory 448

Inventory Realtors Contracts Sellers 448

Housing Wire

OCTOBER 26, 2023

trillion, before an expected 19% rebound in 2024 as rates finally start to trend downward,” Broeksmit said in a statement. The housing market remains resilient However, recent home sales readings stressed the resiliency of the housing market as buyers kept shopping despite the challenging environment.

Mortgage 439

Mortgage Inventory Housing Market Realtors 439

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.

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Realtors Agents Brokerage Contracts 424

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 496

Inventory Housing Market Realtors Mortgage 496

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 418

Inventory Realtors Contracts Construction 418

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. Rinse and repeat, anyone?

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Real Estate Sellers Housing Market Realtors 64

Housing Wire

APRIL 17, 2024

The latest findings from Relitix’s Agent Movement Index (AMI) for March 2024 reveal a nuanced landscape in the real estate sector, with shifts in agent activities suggesting stabilizing and evolving market conditions. The broader impact of the National Association of Realtors (NAR) settlement is still unfolding.

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Real Estate Agent Real Estate Agents Brokerage 406

Housing Wire

JANUARY 24, 2024

Limited housing supply and a continuation of high home prices in many markets nationwide in 2023 restricted many first-time homebuyers from entering the housing market and finding their dream homes. by the end of 2024. Buying a home is the largest purchase most Americans will make in their lifetime.

Insurance 440

Insurance Sellers Buyers Housing Market 440

Housing Wire

MAY 10, 2023

Lawrence Yun , the National Association of Realtors ’ chief economist, took a stronger stance during the “Residential Economic Issues and Trends Forum” at NAR’s ongoing Legislative Meeting. According to Yun, the Fed’s rate hikes have hurt regional banks and the housing market. in 2023 before dropping below 6.0%

Housing Market 368

Housing Market Insurance Realtors Buyers 368

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. The Federal Reserve wanted to see the bidding wars end and the days on the market grow.

Inventory 473

Inventory Marketing Housing Market New Listings 473

Housing Wire

FEBRUARY 29, 2024

month over month in January, according to the newest data from the National Association of Realtors (NAR). ” Lower mortgage rates buoyed buyer demand in early 2024, but rates started to inch back up toward 7% in February. Pending home sales dropped 4.9% NAR’s Pending Home Sales Index (PHSI) decreased to 74.3 in December.

Contracts 407

Contracts Inventory Realtors New Listings 407

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 424

Agents Technology Housing Market Training 424

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. he posited.

Agents 372

Agents Real Estate Contracts Real Estate Agent 372