Appraisal Buzz

JULY 31, 2024

increase was reported in June pending home sales by the National Association of REALTORS (NAR). The rise in housing inventory is beginning to lead to more contract signings,” said Lawrence Yun, NAR Chief Economist. “The Multiple offers are less intense, and buyers are in a more favorable position.” in the South, 4.7%

Contracts 397

Contracts Inventory Buyers Housing Market 397

Appraisal Buzz

OCTOBER 30, 2024

The National Association of REALTORS (NAR) reports that pending home sales increased in September. increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8,

Contracts 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

OCTOBER 1, 2022

The monthly Realtors Confidence Index helps to dispel many of the myths and cut through the noise of what is currently happening in the market. The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. All cash buyers now stand at 24%. Historically 2.5

Realtors 404

Realtors Housing Market Marketing Buyers 404

Housing Wire

JULY 31, 2024

After plummeting to an all-time low in May , pending home sales bounced back a bit in June, with the Pending Home Sales Index rising 4.8%, according to data released Wednesday by the National Association of Realtors (NAR). A reading of 100 is equal to the level of contract activity in 2001. The index rose from a reading of 70.8

Housing Market 446

Housing Market Inventory Contracts Realtors 446

Housing Wire

JUNE 27, 2024

After rising in March , pending home sales continued to slide in May, with the Pending Home Sales Index (PHSI) posting its second consecutive month of declines to reach a record low, 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.

Inventory 495

Inventory Contracts Realtors Buyers 495

Housing Wire

MAY 30, 2024

in April compared to March as rising mortgage rates weighed on the market, according to data released Thursday by the National Association of Realtors (NAR). The impact of escalating interest rates throughout April dampened home buying, even with more inventory in the market,” NAR chief economist Lawrence Yun said in a statement.

Real Estate Agent 507

Real Estate Agent Inventory Realtors Buyers 507

Housing Wire

NOVEMBER 4, 2024

As a real estate reporter, it was not lost on me that the formal start of my house hunt would coincide almost perfectly with the real estate industry working through the nationwide implementation of the business practice changes outlined in the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement.

Agents 428

Agents Inspection Real Estate Sellers 428

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

AUGUST 30, 2023

in July, according to data released Wednesday by the National Association of Realtors (NAR). An index of 100 is equal to the level of contract activity in 2001. “Jobs are being added and, thereby, enlarging the pool of prospective home buyers. Mirroring the trend for new home sales (+4.4%), pending home sales rose 0.9%

Inventory 432

Inventory Contracts Buyers Realtors 432

Appraisal Buzz

JUNE 27, 2024

decline in pending home sales, according to the National Association of REALTORS. Indicator of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) dropped to 70.8 The level of contract activity in 2001 is represented by an index of 100. May saw a 2.1% Per the report, every U.S. million in 2025.

Contracts 418

Contracts Inventory Buyers Mortgage 418

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. Overall active inventory improved 7.9% Pending home sales dropped 4.9% NAR’s Pending Home Sales Index (PHSI) decreased to 74.3

Contracts 410

Contracts Inventory New Listings Realtors 410

Appraisal Buzz

SEPTEMBER 26, 2024

According to the National Association of Realtors (NAR) , pending home sales in August 2024 rose 0.6%, with the Midwest, South, and West posting monthly gains in transactions, and the Northeast recording a loss. NAR’s Pending Home Sales Index (PHSI) is a forward-looking indicator of home sales based on contract signings, ad increased to 70.6

Contracts 359

Contracts Buyers Mortgage Realtors 359

Housing Wire

AUGUST 3, 2021

Home prices continue to increase as national inventory levels remain low heading into August. But relief for buyers could be coming in the next 12 months. gain by this time next year, as ongoing affordability challenges deter potential buyers — as well as an uptick in new for sale listings. Home prices increased 2.3%

Buyers 514

Buyers Inventory Realtors Contracts 514

Housing Wire

SEPTEMBER 7, 2023

Attorneys, Realtors and clients are a big part of our repeat business.” But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents.

Buyers 400

Buyers Agents Loan Officers Real Estate 400

Housing Wire

JANUARY 29, 2024

Last week, the National Association of Realtors released their December pending sales data. Homes in contract rises There are more homes in contract now than last year at this time. Sales growth is not guaranteed This week there were 56,000 contracts started for single-family home purchases. So, this growth is fragile.

Contracts 427

Contracts Inventory Housing Market Mortgage 427

Appraisal Buzz

OCTOBER 30, 2024

compared with September 2023, according to the National Association of Realtors (NAR). Contract signings rose across all regions of the country as buyers took advantage of the combination of lower mortgage rates in late summer and more inventory choices,” says Lawrence Yun, chief economist for NAR, in a statement.

Inventory 195

Inventory Contracts Realtors Mortgage 195

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. On the bright side, housing inventory rose 1.8% lower than October 2022 when inventory was at 1.22

Inventory 411

Inventory Realtors New Listings Contracts 411

Housing Wire

JANUARY 26, 2024

month over month in December, 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. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. in November.

Contracts 479

Contracts Housing Market Construction Inventory 479

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.

Realtors 490

Realtors Buyers Inventory Sellers 490

Housing Wire

SEPTEMBER 28, 2023

in August, 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. Pending home sales, like new home sales, are based on contract signings. Buyers are hitting affordability ceilings, causing some of them to sit out the market.

Housing Market 445

Housing Market Contracts Government Buyers 445

Housing Wire

JUNE 28, 2024

There isn’t a whole lot of time during the year where it is super slow because we have a lot of vacation buyers, but pre-COVID, between Columbus Day and Thanksgiving, when the mountains were just starting to open, was typically slow. It really is just really slow from a buyer standpoint.” as of June 21, 2024.

Housing Market 357

Housing Market Marketing Inventory Buyers 357

Appraisal Buzz

JULY 31, 2024

compared with June 2023, according to the National Association of Realtors (NAR). Month-over-month, contract signings increased in all four U.S. The rise in housing inventory is beginning to lead to more contract signings,” says Lawrence Yun, chief economist for NAR, in a statement. “The in the Northeast; 4.7%

Contracts 195

Contracts Inventory Insurance Realtors 195

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 314

Contracts Inventory Housing Market Realtors 314

Housing Wire

MAY 10, 2022

As the calendar has turned to May, and the Realtor Legislative Meetings have come to a close, it’s a good time to reflect on research that was released last month and throughout early 2022. These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process.

Housing Market 438

Housing Market Realtors Buyers Inventory 438

Housing Wire

AUGUST 10, 2020

According to the National Association of Realtors , contract signings kicked off strong in August , with the most contract signings last week in the Midwest, at 21%. Homes on the market sold four days faster year over year, as total inventory is down 35%. Now, agents are showing and selling nonstop.

Agents 544

Agents Business Inventory Real Estate Agent 544

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 384

Mortgage Real Estate Inventory Construction 384

Housing Wire

SEPTEMBER 19, 2023

Meanwhile, the available inventory of unsold homes is growing. This week, inventory grew faster than it did last year at this time. This week was the biggest week of inventory increase all year, with inventory growing by over 9,000 single-family homes. Last year, inventory climbed dramatically for months.

Housing Market 442

Housing Market Marketing Inventory New Listings 442

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. Presented by: Fannie Mae.

Inventory 535

Inventory Realtors Contracts Development 535

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. Always will too,” one wrote.

Agents 372

Agents Realtors Clients Real Estate 372

Appraisal Buzz

AUGUST 29, 2024

compared with July 2023, as mortgage rates and home prices remained stubbornly high, according to the National Association of Realtors (NAR). Regionally, and month over month, contract signings decreased 1.4% Current lower, falling mortgage rates will no doubt bring buyers into market.” Pending home sales decreased 5.5%

Contracts 221

Contracts Buyers Realtors Inventory 221

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 pending home sales rose 5.9% million, a 1.1%

Contracts 501

Contracts Realtors New Listings Real Estate 501

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. in 2022.

Inventory 448

Inventory Renovations Contracts Buyers 448

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 Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. Homes typically take 30-45 days in contract.

Inventory 289

Inventory Contracts New Listings Buyers 289

Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. regions, but declined in the West, according to the National Association of Realtors. Overall, contract signings were down 21.1% After nearly a year, the housing sector’s contraction is coming to an end,” he said in a statement Wednesday. from February 2022.

Contracts 304

Contracts Realtors Home Value Housing Market 304

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. ” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

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%. “The latest monthly decline is largely due to the shortage of inventory and fast-rising home prices,” said Lawrence Yun, NAR’s chief economist. Presented by: WFG.

Contracts 535

Contracts Inventory Realtors Government 535

Housing Wire

AUGUST 23, 2024

Three days before the new business practice changes mandated by the settlement of the National Association of Realtors ‘ commission lawsuit went into effect, HousingWire caught up with top real estate coach Skye Michiels to talk about how his agents are handling the big changes. It’s similar to installing hardwood floors, right?

Real Estate 338

Real Estate Agents Real Estate Agent Buyers 338