Housing Wire

JANUARY 29, 2024

Most economists forecast mortgage rates to decline in 2024, stoking optimism about the housing market. Most forecasts call for rates to bounce within the 6% to 7% range in 2024, marking the first annualized decline after three straight years of gains. of investors have priced in a cut of at least a quarter point in March.

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Housing Wire

APRIL 25, 2024

“I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We There is no way you can stay on top of things unless you hire someone to watch new listings pop up every 10 minutes. We couldn’t even see it. It is so hard to compete with that.”

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Housing Wire

MARCH 8, 2024

as of March 6, 2024. 70 towns, 90 new listings Local agents say the county’s tight inventory situation is largely to blame. “We I was able to bring my clients to multiple listings for their consideration, but now I can only show them one or two in a given week. Altos considers any score above 30 to be a seller’s market.

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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. by year-end. Not in March.

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Housing Wire

JANUARY 19, 2024

Today, we need context for the growth we’ll see in existing home sales in 2024. In the CNBC interview, I stressed that we do have one positive on the inventory side of things: we are seeing new listings data growth. This is a positive for housing in 2024 as most sellers are buyers.

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Listing Spark

JANUARY 22, 2024

In the first quarter of 2023 alone, real estate investors flipped 72,960 homes. For both new and experienced real estate investors, this bodes well for the 2024 market. Why Every Real Estate Investor Needs Technology Decades ago, real estate investment was a very manual and slow-moving process.

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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.

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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. trillion compared to $2.75 trillion in 2021.

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Housing Wire

FEBRUARY 21, 2023

NAR Research : First-time buyers were responsible for 31% of sales in January; Individual investors purchased 16% of homes; All-cash sales accounted for 29% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 33 days.

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Housing Wire

APRIL 20, 2023

If we are trending below 4 million — a possibility with new listing data trending at all-time lows — then we have much weaker demand than people think. That growth isn’t cooling as much as I would like, tied to my years 2020-2024 price-growth model for a stable housing market. Now if we get a few sales prints above 4.6

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Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve played the role of Santa Claus and delivered an unexpected present just before Christmas in the form of a forecast for lower interest rates in 2024. The 802 new listings in December was a low not seen since records were archived online from 1990. and a median forecast drop of 75 points (0.75%) in 2024.

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Will Springer Realtor

DECEMBER 12, 2023

The year in residential real estate nears its end amid twists and turns like a good book but it’s waiting for the storyline to improve as we fill out the empty pages in 2024. The Eastside led the way with a 33% drop-off in new listings (420) and Seattle fell 31% (586). Since January 2022 – when home sales were 6.3M higher YoY.

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Will Springer Realtor

JANUARY 9, 2024

The Federal Reserve recently updated its forecast, hinting at a potential decrease of about 75 basis points (0.75%) in its short-term lending rate by the year’s end – promising news for borrowers in 2024. The Fed’s revised lending forecast sparked a celebratory mood among investors, particularly those tracking U.S.

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Mortgage Real Estate Law Lending 36

Will Springer Realtor

JUNE 11, 2024

The single-family-home category – which includes townhomes – shows a 25% climb in new listings (3198) from April and a 33% rise year-on-year (YoY), and many of those homes remain on the market. One wonders, as the number of active listings climbs when will supply meet demand. At least one academic believes it will be soon.

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Buyers Inventory Finance Housing Market 51

Will Springer Realtor

AUGUST 15, 2023

The season has been shaped by slumping new listings, a slowly climbing number of homes sitting on the market from previous months, fewer closed sales compared to last year and prices moving plus/minus five percentage points year-on-year (YoY). monthly decline in available Seattle listings (793). by the end of 2024.

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Will Springer Realtor

SEPTEMBER 12, 2023

fewer new listings, the rate of sales rose 1.7% Two data points stood out from the latest report by the Northwest Multiple Listing Service: The aforementioned new listings for all homes in the county – 2684 – is at a low not seen for an August since records were shared with brokers (like me) dating back to the mid-1990s.

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Will Springer Realtor

MARCH 12, 2024

The picture was somewhat similar for single-family homes as a stand-alone category, with new listings up 38% (1845) and sales 41% (1064) stronger month-to-month, but the YoY numbers were more telling, up 31% and down 4.2%, respectively. percentage points by the end of this year – assuming inflation continued a downward trend.

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Buyers Construction Sellers Inventory 56

Will Springer Realtor

MAY 14, 2024

The trend is somewhat similar in the category of single-family homes (which our MLS includes townhomes), with the number of new listings in King up 26% YoY and 18% since March (2551). Active listings (available as of May 1) rose 16% for the month to 1727 homes but were 6.2% in April and 16% YoY to a median of $670,000.

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Will Springer Realtor

MAY 13, 2024

That’s according to a report from ATTOM Data Solutions, which noted Seattle metro was the second-most active major market (1M+ population) for flipped homes purchased by investors with financing, at 56.1%, behind only San Diego (56.4%). >> With the settlement, a wave of new listings hit the market in the past several weeks.

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Will Springer Realtor

JUNE 13, 2023

This means the negative YoY price decline – which is in a range of minus 7%-11%, depending on the submarket – will slowly return to positive territory, likely by early 2024. Mortgage rates are generally established by investors who buy them in bulk as securities.

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Buyers Inventory Construction Finance 36

Will Springer Realtor

OCTOBER 11, 2022

While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. falls into a recession. OCTOBER HOUSING UPDATE.

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