Housing Wire

MARCH 26, 2021

Portland, Maine, has emerged as a popular destination for current homeowners and prospective buyers looking to move out of metro areas into more spacious secondary cities. With demand that high, homes for sale are going under contract 24 to 36 hours after they are put on the market. A recent report from Redfin showed that 14.9%

Housing Market 457

Housing Market Marketing Real Estate Inventory 457

Housing Wire

AUGUST 30, 2023

in July, according to data released Wednesday by the National Association of Realtors (NAR). However, unlike the market for new homes , which has recovered convincingly above last year’s lows (+31.5%), pending home sales continue to lag behind year-ago levels (-14.0%). annual drop recorded in June. regions compared to one year ago.

Inventory 414

Inventory Contracts Buyers Realtors 414

Housing Wire

OCTOBER 28, 2022

according to data released Friday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. Persistent inflation has proven quite harmful to the housing market,” Lawrence Yun, NAR’s chief economist, said in a statement. This is the fourth consecutive month of declines.

Contracts 521

Contracts New Listings Realtors Housing Market 521

Housing Wire

JUNE 29, 2023

After holding steady month over month in April , pending home sales were back down again in May, dropping 2.7%, according to data released Thursday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. annual drop recorded in April.

Contracts 365

Contracts Inventory Housing Market Realtors 365

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. Better buyer and seller presentations to break down payment to a more granular level,” was one agent’s response.

Agents 403

Agents Realtors Clients Real Estate Agent 403

Housing Wire

JULY 28, 2022

But they do agree on one thing: Higher interest rates will quell housing demand, which will allow inventory to rebound and, eventually, spur the return of reluctant buyers. If mortgage rates peak, Fratantoni said, “potential buyers who had been scared off by the rate spike, might find their way back to the housing market.”.

Housing Market 302

Housing Market Marketing Loan Officers Buyers 302

Housing Wire

FEBRUARY 29, 2024

month over month in January, according to the newest data from the National Association of Realtors (NAR). For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. As a result, long-term housing demand is increasing more significantly in these regions. Pending home sales dropped 4.9%

Contracts 420

Contracts Inventory New Listings Realtors 420

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 411

Inventory Agents Real Estate Sellers 411

Housing Wire

MAY 10, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. April was National Fair Housing Month. These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process.

Housing Market 440

Housing Market Realtors Buyers Inventory 440

Housing Wire

DECEMBER 16, 2022

The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. The market has now faced a contraction in existing-homes sales for nine consecutive months, while home prices and rates rise.

Buyers 471

Buyers Realtors Inventory Sellers 471

Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. Tightened supply was largely responsible for a 10.6% respectively.

Inventory 493

Inventory Contracts Housing Market Buyers 493

Housing Wire

MARCH 29, 2023

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Month-over-month, contract signings increased in three U.S. regions, but declined in the West, according to the National Association of Realtors.

Contracts 302

Contracts Realtors Home Value Housing Market 302

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We As states reopen, Yun expects the market to remain hot.

Contracts 477

Contracts Realtors New Listings Real Estate 477

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). An index of 100 is equal to the level of contract activity in 2001. After posting a 2.5% compared to a year ago. in 2023 and 5.4%

Housing Market 423

Housing Market Realtors Contracts Buyers 423

Housing Wire

MAY 1, 2024

In a hostile housing market and a noisy industry environment, why is Zillow outperforming?” According to Barton, the “substance of the settlement” is a “very reasonable middle path forward for the industry, where commissions are communicated between sellers and buyers and both parties are better educated.” he posited.

Agents 406

Agents Real Estate Contracts Real Estate Agent 406

Appraisal Buzz

MARCH 28, 2024

compared with February 2023, according to the National Association of Realtors (NAR). Month-over-month, contract signings climbed in the Midwest and South but sank in the Northeast and West. Home prices rising faster than income growth is not healthy and adds challenges for first-time buyers.” Pending home sales increased 1.6%

Inventory 195

Inventory Housing Market Contracts Realtors 195

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. 20, the National Association of Realtors said that contract signings were up 23% year over year. Now, believe it or not, fall home-buying season is in full swing.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. In fact, a typical homeowner has accumulated more than $100,000 in housing wealth over the past three years.”

Inventory 403

Inventory Realtors New Listings Contracts 403

Housing Wire

JANUARY 27, 2023

according to data released Friday by the National Association of Realtors (NAR). Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.” “This recent low point in home sales activity is likely over,” Lawrence Yun, NAR’s chief economist, said in a statement.

Contracts 414

Contracts Realtors Mortgage Buyers 414

Housing Wire

AUGUST 31, 2021

“While the housing market feels like it has legs that never get tired, inventory and affordability constraints are still expected to put a damper on price growth,” said CoreLogic Deputy Chief Economist Selma Hepp. How can we innovate and leverage technology to make the real estate transaction even better?

Housing Market 433

Housing Market Inventory Buyers Real Estate 433

Housing Wire

NOVEMBER 30, 2020

in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% pending home sales fell 1.1% compared to a year ago.

Realtors 532

Realtors Inventory Contracts Development 532

Housing Wire

FEBRUARY 21, 2023

million, according to a report from the National Association of Realtors (NAR) released Tuesday. January sales reflect purchase contracts made in November or December, and there is evidence that in many markets, the housing market has bottomed out and buyers are beginning to return to the market.”

Inventory 370

Inventory Buyers Housing Market Contracts 370

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house.

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Inspection Real Estate Agent Real Estate Insurance 404

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. It never will be.

Agents 404

Agents Buyers Sellers Inventory 404

Housing Wire

SEPTEMBER 29, 2021

Pending home sales rose in August, following two consecutive months of decline, according to the National Association of Realtor’s pending home sales index report released on Wednesday. Homebuyer contract signings in the U.S. The homebuyer trend is illustrated in Realtor.com’s latest report on the hottest housing markets in the U.S.

Contracts 409

Contracts Inventory Housing Market Marketing 409

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). An index of 100 is equal to the level of contract activity in 2001. Several of the country’s top emerging housing markets are in Indiana.)

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Construction Inventory Realtors Housing Market 369

Housing Wire

DECEMBER 30, 2020

year-over-year, according to a report from the National Association of Realtors. Year-over-year, contract signings increased by 16.4%. Although month-over-month contract activity fell in all four major regions, there were still gains in pending home sales transactions. Presented by: WFG.

Contracts 532

Contracts Inventory Realtors Government 532

Housing Wire

JULY 29, 2021

Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. in June, according to the National Association of Realtors , which tracks the metric. (An The overall pending home sales index fell 1.9%

Marketing 433

Marketing Buyers Realtors Real Estate 433

Empire Appraisal Group

SEPTEMBER 8, 2022

Housing Market Collapse? Housing Market Collapse? Nowhere in Sight | Florida Realtors. The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. Housing Market Collapse?

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

Housing Wire

NOVEMBER 30, 2022

according to data released Wednesday by the National Association of Realtors. An index of 100 is equal to the level of contract activity in 2001. October was a difficult month for home buyers as they faced 20-year-high mortgage rates,” Lawrence Yun, NAR’s chief economist, said in a statement.

Realtors 382

Realtors Contracts Buyers Mortgage 382

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. . However, it’s not the market of 2002-2011.

Inventory 450

Inventory Housing Market New Listings Mortgage 450

Housing Wire

NOVEMBER 2, 2022

“Even with the Federal Reserve raising its short-term fed funds rate by another large amount, longer-term interest rates look to move only slightly,” Lawrence Yun, chief economist at National Association of Realtors , said. “It is no longer a seller’s market,” said Nick Smith, founder at Rice Park Capital Management.

Mortgage 404

Mortgage Sellers Contracts Buyers 404

Housing Wire

FEBRUARY 28, 2023

The 2022 housing market was largely characterized by the swift slowdown in demand caused by rapidly rising mortgage rates. year over year in 2022, according to data from the National Association of Realtors , home prices still managed to rise 5.8% However, even as existing home sales fell 17.8% to a reading of 310.64.

Inventory 402

Inventory Housing Market Contracts Realtors 402

Housing Wire

SEPTEMBER 23, 2022

Women make up 66% of all Realtors, according to the National Association of Realtors ‘ 2022 Member Profile , but hold just a fraction of executive leadership positions throughout the industry. HW Media : What do you think will be the big themes for the housing market in 2022-2023?

Real Estate Agent 370

Real Estate Agent Agents Real Estate Realtors 370

Housing Wire

AUGUST 10, 2022

Despite mortgage rates on a downward trend following the Federal Reserve ’s rate hike of 75 basis points on July 27, a cooling of the housing market is expected. The purchase market continues to experience a slowdown, despite the strong job market,” said Kan. Cracking the code on marketing to the realtor channel.

Mortgage 369

Mortgage Real Estate Agent Retail Contracts 369

Housing Wire

MAY 11, 2021

The number of buyers who locked in mortgage rates for second homes soared 178% year over year in April, marking the 11th straight month of 80%-plus growth, according to a recent Redfin study. The consequences of low inventory finally caught up with the broader housing market in February, with tightened supply largely responsible for a 10.6%

Mortgage 442

Mortgage Inventory Contracts Buyers 442

Housing Wire

FEBRUARY 18, 2022

annually to $350,000, according to the Friday report from the National Association of Realtors. months of supply; a healthy market generally has between four and six months of supply. Homes went under contract in just 19 days on average, down from 21 a year ago. January sales fell 2.3% from a year ago. That translates to just 1.6

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Supply Chain Inventory Buyers Contracts 404