Housing Wire

MARCH 2, 2024

Let’s take a look at the inventory data this year to test this premise, since for many months it has been a working theory of mine that new listings data behavior last year marked a bottom and even going into 2024 we should see more sellers. Here is a look at inventory last week: Weekly inventory change (Feb.

Inventory 533

Inventory Mortgage New Listings Housing Market 533

Housing Wire

DECEMBER 30, 2023

Since I believe most home sellers are also homebuyers, once new listings created a new low level after mortgage rates reached over 6% in 2022, it added another layer of home demand falling off a cliff. What we want to see in 2024 is new listing data growing in the spring season.

Inventory 501

Inventory New Listings Housing Market Mortgage 501

Housing Wire

APRIL 19, 2024

year over year in the first quarter of 2024, with the median price hitting a record $1.225 million, according to data from Redfin. A surge in new listings of luxury homes was not enough to curb the price growth associated with rising demand. New listings of luxury homes soared 18.5% Luxury home prices in the U.S.

Luxury Properties 425

Luxury Properties New Listings Buyers Housing Market 425

Housing Wire

MARCH 6, 2024

But with mortgage rates ascending past 7% according to HousingWire’s Mortgage Rates Center , those hopes have so far been dashed in 2024. Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates. percentage points—sellers take notice. 31% in 2023-2024. in 2019-2020, 16.9-17.2%

Mortgage 401

Mortgage Sellers New Listings Buyers 401

Housing Wire

DECEMBER 14, 2023

“Given inflation continues to decelerate and the Federal Reserve Board’s current expectations that they will lower the federal funds target rate next year, we likely will see a gradual thawing of the housing market in the new year,” Sam Khater, Freddie Mac’s chief economist said in a statement. One LO said he quoted an FHA borrower at 5.7%.

Mortgage 481

Mortgage New Listings Loan Officers Inventory 481

Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. So far, so good in 2024. New listings data While new listings data isn’t growing in significant terms year over year — sorry, silver tsunami crowd — it is showing growth year over year.

Inventory 539

Inventory Mortgage New Listings Sellers 539

Housing Wire

APRIL 6, 2024

Weekly housing inventory data — both active inventory and new listings — are prone to one-week moves that deviate from a trend, especially if people are going Easter egg hunting. So, the fact that active inventory and new listings data fell last week isn’t a big deal. However, for now, this is a plus for the U.S.

Inventory 440

Inventory New Listings Mortgage Housing Market 440

Housing Wire

JANUARY 13, 2024

So let’s hope for more home sellers in 2024. 6-13): Inventory rose from 471,349 to 473,406 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 931,002 I don’t want to jinx this because active inventory rose last year at this time.

Inventory 526

Inventory New Listings Retail Mortgage 526

Housing Wire

NOVEMBER 29, 2023

It offers a multichannel online advertising service that finds and attracts potential leads, leveraging search intent targeting and social information to engage with potential buyers and sellers. Use this tool: SmartZip SmartZip utilizes predictive analytics to identify potential sellers in your area.

Real Estate 379

Real Estate Buyers Tools Real Estate Agent 379

Housing Wire

DECEMBER 9, 2023

9): Inventory fell from 550,302 to 536,409 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 569,898 For context, active listings for this week in 2015 were 1,050,971 The new listing data has been trending at the lowest levels ever for 17 months now. Weekly inventory change (Dec.

Mortgage 525

Mortgage Inventory New Listings Sellers 525

Housing Wire

APRIL 18, 2024

The one thing that is positive this year which is different than last year is new listing data is rising year over year, nothing spectacular, but it’s a positive story for housing This means we have more sellers that will be buyers in 2024. However, that hasn’t been the case so far in 2024.

Inventory 480

Inventory Housing Market New Listings Buyers 480

Housing Wire

NOVEMBER 9, 2022

In the previous expansion, one of my long-term calls was that the MBA purchase application data will never hit the volume level of 300 until the years 2020-2024. The years 2020-2024 were going to be the time when total home sales could finally reach 6.2 New listing data is down 5% year to date, as you can imagine.

New Listings 481

New Listings Inventory Housing Market Sellers 481

Housing Wire

NOVEMBER 25, 2023

However, with mortgage rates down to 7.32%, we need to keep a closer eye on the weekly data, especially going into spring 2024, if rates fall more. Most home sellers are buyers, and we want the new listings data to show growth year over year since it appears that we have formed a bottom in 2023.

Inventory 529

Inventory Mortgage New Listings Buyers 529

Housing Wire

DECEMBER 2, 2023

Mortgage rates almost fell below 7%, the 10-year yield is below 4.25% again, and people are seriously talking about Fed rate cuts in 2024. One concern with higher mortgage rates was that more sellers — who are traditional buyers — would not list their homes. What a week! Purchase application data Hello, early Christmas present!

Mortgage 542

Mortgage Inventory New Listings Sellers 542

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. New data from the U.S. How quickly would sellers return if rates were lower? since the fourth quarter of 2018.

Inventory 401

Inventory Sellers Mortgage Marketing 401

Housing Wire

DECEMBER 21, 2022

.” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well. This explains why total active listing inventory data has been stable over the decades, with the exception of 2006-2011, when those forced distressed credit home sellers couldn’t buy.

Inventory 516

Inventory New Listings Housing Market Sellers 516

Housing Wire

DECEMBER 16, 2023

This is what we see, and it’s much needed; we need more new listings and not fewer. New listings data for last week in the last several years: 2023: 39,613 2022: 34,973 2021: 39,936 Traditionally, one-third of all homes will have price cuts before they sell. Weekly inventory change : (Dec.

Inventory 534

Inventory New Listings Mortgage Law 534

Housing Wire

NOVEMBER 11, 2023

We saw some good growth this week, and hopefully, in 2024, we can close the gap and get back to 2021-2022 data on new listings. We saw some good growth this week, and hopefully, in 2024, we can close the gap and get back to 2021-2022 data on new listings. Weekly inventory change (Nov.

Inventory 460

Inventory New Listings Mortgage Retail 460

Housing Wire

FEBRUARY 27, 2024

If you’re an agent, team or brokerage looking to keep a pipeline of qualified listing leads coming your way, SmartZip may the solution you need. SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. Automated marketing: Yes.

Advertising 373

Advertising Tools Real Estate Sellers 373

Housing Wire

MARCH 8, 2024

The mailers are titled “Notice of Proposed Settlements” and they began hitting the mailboxes of home sellers in mid-February. If recipients wish to opt out or object they must do so by April 13, 2024. What do the postcards say? Millions are expected to be sent out across America. “If she asked. “It

Agents 395

Agents Legal Realtors Clients 395

Housing Wire

APRIL 24, 2024

Property Insights help you save, note, and assign MLS property listings of interest to your clients within Top Producer’s CRM. The MLS integration then updates the status and relevant information of listings attached to each of your clients. All the packages listed can be customized.

Real Estate 341

Real Estate Clients Tools Contracts 341

Housing Wire

DECEMBER 7, 2022

These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. As we can see below, none of that is happening today because the seller isn’t stressed.

Housing Market 543

Housing Market Mortgage Marketing Inventory 543

Housing Wire

NOVEMBER 18, 2022

When I outlined my 23% five-year growth model for 2020-2024, it was to have a marker for when price growth got too hot. However, I knew the years 2020-2024 would see better demand from the bump in demographics. Seasonal impacts are the norm with housing, and new listing data is negative 6% year to date.

Inventory 467

Inventory Marketing Housing Market New Listings 467

Hank Miller Team

JANUARY 9, 2024

What is the forecast for the Atlanta real estate market in 2024? Sellers attacked the market in early ’22 looking to capture the buyer frenzy. While not the most listings, that month saw the highest number of contracts and sales. Many sellers continue to fish; offering homes that buyers continue to pass on.

Real Estate 40

Real Estate Marketing Contracts Sellers 40

Housing Wire

JANUARY 10, 2024

SmartZip primarily benefits experienced listing agents, yet any agent willing to nurture seller leads can thrive with this platform. In this dashboard will be a list of property owners in the agent’s target area based on their likelihood to sell within the next 18 months.

Real Estate 342

Real Estate Real Estate Agent Tools Agents 342

Housing Wire

FEBRUARY 22, 2024

“Mortgage interest rates above 6% continued to impact potential homebuyers’ purchase power, while also contributing to a lock-in effect among would-be home sellers who bought their homes years ago with a mortgage rate of 3% to 4.5%,” the association explained in an announcement. “New listings of single-family homes were up 16.7%

New Listings 412

New Listings Realtors Real Estate Inventory 412

Housing Wire

SEPTEMBER 22, 2022

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. Existing home sales have more legs to go lower, especially now that new listing data is falling. However, the secondary negative impact was going to be more painful.

Inventory 448

Inventory Housing Market New Listings Mortgage 448

Housing Wire

DECEMBER 4, 2023

Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housing market. New listings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November. housing market in 2024.

Housing Market 487

Housing Market Marketing Inventory New Listings 487

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. From NAR: One of the essential variables I added to my work during 2020-2024 was to put an effective price-growth model for this period to know when the housing market would get into price inflation trouble. Image by Brandon Johnson/HW Media.).

Sellers 501

Sellers Inventory Housing Market New Listings 501

Housing Wire

APRIL 25, 2024

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Real Estate 348

Real Estate Agents Open Houses Tools 348

Housing Wire

AUGUST 3, 2022

This is why I focused my readers on the years 2020-2024, because if home prices only grew by 23% over five years, we would be ok. They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. We see some of this in the active listing data as new listings are declining.

Mortgage 501

Mortgage Inventory Sellers Housing Market 501

Housing Wire

NOVEMBER 27, 2023

You also know that new listings are up over last year, too. New listings volume is up, too. There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. A few more sellers appear to be braving the market each week. Short on time?

New Listings 488

New Listings Contracts Inventory Housing Market 488

Housing Wire

FEBRUARY 26, 2024

We still see more sellers than last year. Each week, there are more new listings than a year ago, allowing inventory to build and eventually leading to more home sales this year than last. New pendings We’ve been sharing how the sales rate has been trying to expand for 2024. That’s up from 30% last week.

Sellers 417

Sellers Inventory New Listings Contracts 417

Housing Wire

MARCH 1, 2024

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. in mid-January 2024. Altos considers anything above a reading of 30 to be a seller’s market.

Housing Market 412

Housing Market Marketing Inventory Construction 412

Housing Wire

DECEMBER 23, 2023

Weekly housing inventory data We are near the end of the year, which means the seasonal decline in housing inventory will take hold until we find the seasonal bottom in inventory in 2024. However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. Weekly inventory change : (Dec.15-22)

Housing Market 526

Housing Market Marketing Inventory New Listings 526

Housing Wire

MARCH 11, 2024

The suspicion was that there were a bunch of sellers who were waiting to sell: Once rates fell these sellers would come rushing back to this real estate market and we’d finally see inventory grow. The only way inventory would grow in 2024 is if mortgage rates climbed. There were 59,000 new listings unsold this week.

Inventory 504

Inventory New Listings Sellers Real Estate 504

Housing Wire

JANUARY 8, 2024

Based on the trends we can see after the start of the year, I’ll project 2024 will see about 15% home sales growth over 2023. These are very clear trends as we start the new year. But, 2024 is starting stronger than last year. Could the housing market change and slow again in 2024? That’s certainly possible.

Real Estate 492

Real Estate Marketing Inventory New Listings 492