Housing Wire

DECEMBER 20, 2023

percentage points above the average of four forecasts for the third quarter of 2024 and roughly 0.6 It also provided committee members’ forecasts of what would be the appropriate rate in 2024, which was based on their forecasts of inflation, GDP growth and other economic indicators. in the first half of 2024. 15, just 0.07

Mortgage 414

Mortgage Realtors Real Estate Marketing 414

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. However, I knew the years 2020-2024 would see better demand from the bump in demographics.

Inventory 471

Inventory Marketing Housing Market New Listings 471

Housing Wire

MARCH 22, 2024

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. When you buy through our links, we may earn a commission.

Real Estate 388

Real Estate Sellers Real Estate Agent Tools 388

Housing Wire

MARCH 28, 2024

month over month, according to the newest data released Thursday by the National Association of Realtors (NAR). Ongoing job gains are clearly increasing demand along with more inventory.” from January to February due to steadily growing inventory. Overall, active inventory grew 14.8% annually in February 2024.

Inventory 441

Inventory Realtors Contracts Sellers 441

Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”

Inventory 462

Inventory Renovations Real Estate Government 462

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). Meaningful gains will only occur with declining mortgage rates and rising inventory.” Existing-home inventory in March improved 14.4% Existing-home inventory in March improved 14.4%

Inventory 391

Inventory Buyers Realtors Investors 391

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). Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” in 2024, hitting 800,000 new homes. in 2024, to $445,800.

Inventory 377

Inventory Contracts Housing Market Realtors 377

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). Home sales should perform better in 2024 even if affordability remains a challenge According to Bright MLS’s forecast , mortgage rates will continue to trend downward in 2024, finishing the year at 6.2%.

Housing Market 465

Housing Market Inventory Realtors Construction 465

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). According to an NAR outlook, home sales are projected to rise significantly in 2024 and 2025 as the housing market steadily returns to normal. increase between 2024 and 2025 to a pace of 5.35 Pending home sales rose 8.3%

Contracts 457

Contracts Housing Market Construction Inventory 457

Appraisal Buzz

APRIL 25, 2024

compared with March 2023, according to the National Association of Realtors (NAR). NAR forecasts that existing-home sales will rise by 9% in 2024 to 4.46 in 2024 to 1.43 in 2024 to a record of $396,800 (from $389,800 in 2023) and another 1.8% in 2024 to a record of $396,800 (from $389,800 in 2023) and another 1.8%

Inventory 195

Inventory Construction Realtors Appraisal 195

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. Prospective homebuyers have been shut out of the market by a lack of inventory. Compared to a month ago, housing inventory was down 11.5% In 2023, 4.09

Inventory 433

Inventory Realtors Housing Market Construction 433

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. Of course this isn’t the healthiest housing inventory story. However, that hasn’t been the case so far in 2024.

Inventory 484

Inventory Housing Market New Listings Buyers 484

Housing Wire

MARCH 13, 2024

Known as the “Real Life Realtor,” she’s the brain behind Real Life Real Estate Training. The club is currently offering founding member pricing for $25 per month or $250, but it’s a limited-time offer available only under April 30, 2024. Candy Miles-Crocker Key Facts Newbies are welcome at Candy Miles Crocker’s program.

Real Estate 431

Real Estate Real Estate Agent Agents Training 431

Inman

NOVEMBER 6, 2023

Well, figures recently released by the National Association of Realtors (NAR) put the industry back in 2010. It's an oft-repeated adage that real estate is cyclical. That's because existing home sales have dropped over 15 percent year-over-year.

Inventory 168

Inventory Realtors Real Estate Marketing 168

Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). 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 year over year.

Inventory 410

Inventory Realtors Contracts Construction 410

Housing Wire

DECEMBER 20, 2023

million, according to the National Association of Realtors. Housing inventory fell 1.7% Meanwhile, unsold inventory sat at a 3.5-month Sales were subdued in 2023 because of high mortgage rates and a lack of inventory Overall, Lisa Sturtevant, chief economist at Bright MLS, expects to see 4.1 Existing-home sales grew 0.8%

Inventory 391

Inventory Housing Market Realtors Buyers 391

Housing Wire

FEBRUARY 29, 2024

month over month in January, according to the newest data from the National Association of Realtors (NAR). Overall active inventory improved 7.9% However, the timing and number of purchases will largely depend on the prevailing mortgage rates and inventory availability.” Pending home sales dropped 4.9% in December.

Contracts 396

Contracts Inventory Realtors New Listings 396

Housing Wire

FEBRUARY 22, 2024

from December to a seasonally adjusted annual rate of 4 million in January, according to a report from the National Association of Realtors (NAR). In fact, by the end of January, for-sale housing inventory was at 1.01 While inventory is less depleted, it remains well below the pre-pandemic level of January 2019.

Inventory 417

Inventory Sellers Buyers Realtors 417

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. Despite this, others expressed their support of NAR in their responses.

Agents 358

Agents Realtors Clients Real Estate Agent 358

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 Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month

Housing Market 542

Housing Market Marketing Inventory Sellers 542

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. million, or 5.4%, in 2024.

Construction 353

Construction Inventory Realtors Housing Market 353

Housing Wire

OCTOBER 26, 2023

“Purchase activity has slowed to a virtual standstill, affordability remains a significant hurdle for many and the only way to address it is lower rates and greater inventory.” trillion, before an expected 19% rebound in 2024 as rates finally start to trend downward,” Broeksmit said in a statement. million units sold.

Mortgage 432

Mortgage Inventory Housing Market Realtors 432

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. This was a miss from estimates and the third straight month of declines in sales. My biggest fear for the U.S.

Housing Market 541

Housing Market Marketing Inventory Realtors 541

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

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened.

Housing Market 540

Housing Market Marketing Inventory Mortgage 540

Housing Wire

JULY 20, 2022

But, there is one bright spot — inventory is rising. This has been a concern of mine after the summer of 2020 as inventory levels were breaking all-time lows, facilitating unhealthy home price growth during a more prominent demographic patch in U.S. The one positive: Inventory is rising. Once total inventory levels reach 1.52-1.93

Inventory 511

Inventory Housing Market Marketing Realtors 511

Listing Spark

SEPTEMBER 27, 2023

The real estate industry is no exception, and realtors who specialize in (or at least serve) property investment clients are seeing the beginnings of a complete technological transformation through AI and increasingly smart tools , such as property investment software. Realtors provide insights for pricing strategies.

Realtors 36

Realtors Investing Real Estate Clients 36

Housing Wire

FEBRUARY 23, 2024

Here are some charts reviewing today’s report with a host of data lines from the NAR existing home sales report: [link] A few critical glaring points: active inventory is still historically low, and so is monthly supply data. This means 2024 is starting to look a lot like 2023 unless rates fall soon.

Inventory 447

Inventory Mortgage New Listings Marketing 447

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. I was adamant about the price growth rule of 23% from 2020 to 2024. Wait, what?

Housing Market 522

Housing Market Marketing Inventory Realtors 522

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

NOVEMBER 8, 2023

In the years that followed, Zillow and Redfin shuttered their iBuying divisions, and the two remaining iBuyers accounted for a mere 0.61% of existing home sales through the first nine months of the year, based on the companies’ reported home sales and unadjusted existing home sales data published by the National Association of Realtors.

Marketing 412

Marketing Inventory Renovations Investors 412

Housing Wire

FEBRUARY 28, 2022

On Friday, the National Association of Realtors released its pending home sales data showing a third month of declines. From NAR : “Pending home sales slumped in January, continuing what is now a three-month drop in transactions, the National Association of Realtors reported. Of the four major U.S. This is critical.

Inventory 408

Inventory Housing Market Realtors Marketing 408

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. Although inventory is slightly higher now than this time last year, competition is still fierce. Additional Resources How Much Money Do I Need to Purchase a Home?

Buyers 70

Buyers Inspection Sellers Real Estate 70

Housing Wire

SEPTEMBER 11, 2023

Non-QM ripe for the taking Faced with a lack of inventory across the country, lenders have been exploring ways to create new buyers. About 30% of Cliffco’s production volume consists of non-QMs and executives expect that share to grow to 40% in 2024. Target buyers for Cliffco include non-traditional buyers seeking investor loans.

Loan Officers 381

Loan Officers Agents Retail Technology 381

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 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. Total Inventory data fell in this report from 1.31 million to 1.28

Inventory 453

Inventory Housing Market New Listings Mortgage 453

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. Unsold inventory sits at a 2.0-month

Housing Market 489

Housing Market Marketing Inventory Mortgage 489

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 444

Real Estate Advertising Agents Realtors 444