Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. Existing home sales have more legs to go lower, especially now that new listing data is falling.

Inventory 458

Inventory Housing Market New Listings Mortgage 458

Housing Wire

JANUARY 29, 2024

Most economists forecast mortgage rates to decline in 2024, stoking optimism about the housing market. According to the newest Bloomberg Markets Live Pulse Survey (MLIV Pulse), the rate on the 30-year fixed mortgage will fall to 5.5% million existing homes were sold, according to the National Association of Realtors.

Mortgage 415

Mortgage Inventory Investors New Listings 415

Housing Wire

FEBRUARY 22, 2024

The housing market in the state of Florida saw higher median home prices, more real estate listings and a higher number of active listings during the month of January, according to data released Thursday by Florida Realtors , a state-based trade organization for real estate professionals. from the same time last year. .

New Listings 441

New Listings Realtors Real Estate Inventory 441

Housing Wire

APRIL 25, 2024

In 2024, agents have two choices; learn how to run your entire business from the apps on your phone or tablet, or find a new career. To help, we reviewed hundreds of options to put together this list of the best real estate apps for 2024. When you buy through our links, we may earn a commission.

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Real Estate Agents Open Houses Tools 440

Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.” But as the calendar flipped to 2024 and as we inch closer to the spring selling season, Fischer said things have started to pick up.

Housing Market 441

Housing Market Marketing Inventory Construction 441

Movoto

MARCH 8, 2024

Interest Rates The average interest rate for a 30-year fixed mortgage started the month at 6.94%, which is at the low end of the 52-week range. When mortgage rates drop, they should do so before any cuts are made to the federal funds rate. Mortgage rates are expected to fall, but not until the second half of the year.

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Real Estate Inventory New Listings Realtors 36

Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The top three spots in the ranking were Buffalo, New York, and Cincinnati and Columbus, Ohio. Things will pick up in the next week or two.”

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Housing Market Marketing Logistics Real Estate 441

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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Buyers Marketing Inventory Investors 432

Housing Wire

FEBRUARY 28, 2024

If you’re struggling to market your business on social media, or worse, haven’t even started yet, you might be in for a rude awakening in 2024. Who doesn’t want to learn mortgage secrets banks don’t want you to know? All created by Realtors, for Realtors. Visit Coffee & Contracts 3.

Real Estate 458

Real Estate Marketing Tools Contracts 458

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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Housing Market Buyers Agents Marketing 441

Housing Wire

AUGUST 10, 2023

The words “think” and “guess” have no place in your playbook for how to avoid margin compression and keep profits up in 2024. But, the really painful trend is new listings data. New listings data is trending at the lowest levels ever recorded in U.S. That took another downfall toward the middle part of last year.

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New Listings Inventory Business Marketing 368

Housing Wire

JANUARY 19, 2024

Today, we need context for the growth we’ll see in existing home sales in 2024. We don’t have any data that shows sales are crashing from this low level: this is key when looking at the future because it does give us a place to grow sales as long as mortgage rates fall. This is a positive for housing in 2024 as most sellers are buyers.

Housing Market 473

Housing Market Inventory Contracts Marketing 473

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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Real Estate Buyers Sellers Inventory 68

Housing Wire

SEPTEMBER 19, 2023

It’s not unusual for a little jump in new listings in September. Obviously, mortgage rates have been stubbornly over 7% for a couple of months. That’s a change in expectation of mortgage rates. Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still.

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Housing Market Marketing Inventory New Listings 450

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. National mortgage originations closed the year at less than $1.5 2024 Texas Housing Market Predictions Coming out of a brutal year for real estate in Texas, we are expecting to find some relief in 2024.

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

FEBRUARY 13, 2024

And, despite the rise in new listings, the number of homes still on the market on Feb. The figures were promising from the single-family-home category as well, with new listings jumping 129% (1335) from December in King and up a negligible 0.5% fewer listings than December and 28% below January 2023 figures.

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New Listings Buyers Inventory Lending 54

Housing Wire

JULY 24, 2023

Last week the National Association of Realtors (NAR) reported that existing home sales declined in June to an annual rate of 4.2 2024 will likely show an increase in sales too because Q1 this year was still recovering. The trends in this chart show how quickly home buyers reacted to the big mortgage rate jumps in 2022.

Inventory 370

Inventory Contracts New Listings Buyers 370

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. Treasurys and mortgage-backed securities. Fully 60% of mortgaged homeowners have lending rates below 4.0%

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Mortgage Real Estate Law Lending 36

Lamacchia Realty

JANUARY 30, 2024

The attempt to restore equilibrium in interest rates, following their drastic drop in 2020, brought about then of pandemic-induced rates, resulting in a sustained presence of higher monthly mortgage payments. The frenzied market of 2021 was unsustainable, and consumers and REALTORS alike hoped for a return to normalcy.

Inventory 54

Inventory Sellers Buyers Contracts 54

Lamacchia Realty

DECEMBER 21, 2023

november 2023 south florida housing report Broward County In November of 2023, Broward County single-family homes as well as c ondos/townhomes saw decreases in closed sales and pending sales, but increases in average price and new listings. An increase in active inventory as well as new listings is great news for buyers!

New Listings 53

New Listings Real Estate Inventory Sellers 53

Lamacchia Realty

DECEMBER 19, 2023

The number of homes listed increased by 5.7% Mortgage rates in November fell from the October highs, coming down to the low 7s towards the end of the month, per Mortgage News Daily. Make sure you are staying prepared with updated preapprovals and informed regarding your different mortgage options. What’s next?

Real Estate 57

Real Estate Sellers Home Value Buyers 57

Lamacchia Realty

DECEMBER 19, 2023

The number of homes listed increased by 7.3% Mortgage rates in November fell from the October highs, coming down to the low 7s towards the end of the month, per Mortgage News Daily. Make sure you are staying prepared with updated preapprovals and informed regarding your different mortgage options. What’s next?

Real Estate 57

Real Estate Sellers Buyers Realtors 57

Listing Spark

SEPTEMBER 25, 2023

A Dip in New Mortgages With interest rates soaring to unexpected heights, many prospective homebuyers have taken a step back from applying for new mortgages. Texas Mortgage Rates Going Forward Looking at the information shared above, it’s clear that we’ve been through quite a ride in the housing market.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Will Springer Realtor

APRIL 9, 2024

For housing and mortgage professionals, however, these apparent highlights are persistent nuisances. New listings (+17%), available homes at the start of April (+5.0%) and listings going under contract – also known as Pending sales – (+24%) were solidly higher when comparing month to month. above the list price.

Marketing 60

Marketing Inventory Buyers Sellers 60

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% At least that’s what some economists have expressed. Only buyers and sellers who must move are doing so.

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

MAY 14, 2024

Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. 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). Far from the Fed’s 2.0%

Marketing 36

Marketing Inventory Buyers Sellers 36

Will Springer Realtor

NOVEMBER 14, 2023

Sales activity across the county is at historic lows; no October has experienced fewer listings in King County – not even close – since at least 1992 when records were first archived online. New listings for all home types in King County stood at 2157, a whopping 25% drop from September to October. in 2024 and 4.5M

Inventory 36

Inventory Buyers Sellers New Listings 36

Will Springer Realtor

MARCH 12, 2024

This divergence of data put the mortgage market on its heels over the past several weeks and essentially reset rates after trending lower in December and January. As a result, home buyers and sellers across Seattle/King County saw a mixed bag of activity in February, according to the Northwest Multiple Listing Service (MLS).

Buyers 57

Buyers Construction Sellers Inventory 57

Will Springer Realtor

MAY 13, 2024

” Bough presided over a trial last year that ended in a $1.8B (yes, with a “B”) verdict against the National Association of Realtors® (NAR). MAY HOUSING UPDATE Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength.

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HOA Transportation Construction Buyers 36

Will Springer Realtor

AUGUST 11, 2023

also the oldest age of a first-timer ever recorded by the National Association of Realtors® (NAR). NAR’s Housing Affordability Index is a good measure of whether a household earns enough to qualify for a mortgage on a typical home. None of the Seattle-area counties were on the list. >> >> Bellevue is rated No.

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Buyers Development Construction New Listings 36

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. When you raise [mortgage] rates to the point they’re at today, it breaks the back of housing.”. falls into a recession.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

FEBRUARY 9, 2022

“That’s a triple whammy hitting potential homebuyers,” notes Len Kiefer, deputy chief economist at Freddie Mac, which buys many of our mortgage loans from lenders. People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. The new fees will take effect on April 1. “As

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

DECEMBER 12, 2023

To a happy 2024! = It was a year of gyrating mortgage rates and stubbornly high home prices. Mortgage rates rose and rose again to more than 8% but have since mercifully fallen by nearly a percentage point. Just for Fun: In December 2022, the National Association of Realtors® projected mortgage interest rates would be 5.7%

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Real Estate Buyers Housing Market Law 36

Will Springer Realtor

MAY 9, 2022

Thankfully, the 2024 planned opening of Link light rail ’s East Link Extension to Bellevue and Redmond will present a viable option if living on the other side of Lake Washington. That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. Some believe it can’t.

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Architecture Design Buyers Construction 36

Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Roughly 20 million Millennials will be entering their 30s, typically the time they purchase their first home, between now and 2024. Rainier-esque peak of a decade past!

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Real Estate Inventory Buyers Construction 36