Housing Wire

NOVEMBER 28, 2023

year over year in Q3, according to the Federal Housing Finance Agency (FHFA) House Price Index. Home-price growth expected to slow in Q4 High mortgage rates combined with a typical seasonal slowdown will limit the number of buyers on the market in Q4, Bright MLS Chief Economist Lisa Sturtevant said in a statement. in September.

Inventory 469

Inventory New Listings Finance Buyers 469

Housing Wire

APRIL 19, 2024

High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market. 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% Buyers are looking for that again.

Luxury Properties 459

Luxury Properties New Listings Buyers Housing Market 459

Housing Wire

MAY 30, 2023

Low inventory , maintained by an extremely low level of new listings coming onto the market, has fueled demand amongst the few buyers who can afford to stay shopping. The average rate in March on a 30-year-fixed rate mortgage in March was 6.54%, with the rate dropping to 6.34% in April.

Mortgage 406

Mortgage Inventory Construction New Listings 406

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. In an interview today with Yahoo Finance , I discussed how home prices are still rising this year. All four U.S.

Inventory 487

Inventory Housing Market New Listings Buyers 487

Housing Wire

NOVEMBER 21, 2023

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. While circumstances for buyers remain tight, home sellers have done well as prices continue to rise year-over-year, including a new all-time high for the month of October,” Yun said. “In

Inventory 406

Inventory Realtors New Listings Contracts 406

Housing Wire

FEBRUARY 23, 2024

Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. This is nothing dramatic, but similar to what we saw in 2023 when mortgage rates rose from 5.99% up to 7.25%. From NAR : Total existing-home elevated 3.1%

Inventory 467

Inventory Mortgage New Listings Marketing 467

Housing Wire

NOVEMBER 28, 2023

In September, existing home sales fell, while pending home sales and new home sales rose compared to the previous month. Mortgage rates climbed over the period, reaching 7.3% Simultaneously, new listing volume is up at the end of November, which might cool home prices down. by the end of September.

New Listings 400

New Listings Contracts Inventory Sellers 400

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. Mortgage rates followed suit, walloping buyers’ purchasing power.

Inventory 426

Inventory Sellers Mortgage Marketing 426

Housing Wire

AUGUST 18, 2023

Or, are sellers in the subject neighborhood typically settling at about 95% of the list price? How would it compare in the eyes of the buyer? If you’re showing your new listing versus its competition, do you look priced right , overpriced or priced so well you’d be dying to write an offer and snap it up?

Sellers 370

Sellers Construction Real Estate Finance 370

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. Buyers are really struggling.” We couldn’t even see it.

Buyers 425

Buyers Marketing Inventory Investors 425

Housing Wire

JULY 20, 2023

With record-low inventory nationwide, real estate agents seem to be hearing the same thing day in and day out: “I’d list my home, but where would I move?” For most agents, that’s the end of the conversation, ending the possibility of taking a new listing as well as facilitating the buyer side. Next, the house is new.

Sellers 284

Sellers Clients Inventory Agents 284

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At But now buyers are sick of waiting around and are deciding it is time to buy.”

Housing Market 435

Housing Market Buyers Agents Marketing 435

Housing Wire

MAY 13, 2024

Home sales continue to run just a little ahead of last year’s pace, but with mortgage rates in the 7s, there are a ton of potential homebuyers sitting on the sidelines. All in all, you can see how effectively 7% mortgage rates have slowed the housing market. It’s the peak season for buyers and sellers. That’s up 1.5%

New Listings 469

New Listings Contracts Inventory Sellers 469

Housing Wire

MARCH 11, 2024

Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The only way inventory would grow in 2024 is if mortgage rates climbed. But the evidence is the opposite.

Inventory 505

Inventory New Listings Sellers Real Estate 505

Housing Wire

JUNE 6, 2023

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. New York – The residential sales market has been strong across the District.

Inventory 427

Inventory Real Estate Construction New Listings 427

Cornerstone

FEBRUARY 15, 2022

When the pandemic first hit in early 2020, mortgage forbearance plans were announced, allowing homeowners in crisis to temporarily stop payments. Most homeowners whose forbearance plans are ending appear to have either paid up on their mortgage or have a plan in place from their lender that has enabled them to begin paying again.

Loan Officers 59

Loan Officers Housing Market Inventory Mortgage 59

Housing Wire

JANUARY 22, 2024

Indianapolis, which had 880,600 residents as of July 2022, offers a very strong and steady real estate market that attracts buyers looking for a more affordable lifestyle. Holle’s business was down about 10% in 2023 compared to 2022, which she attributes almost exclusively to elevated mortgage rates.

Housing Market 435

Housing Market Marketing Logistics Real Estate 435

Birmingham Appraisal

JUNE 1, 2022

If financing were not an issue, and the buyer couldn’t care less about how their contract price compared to other similar properties, it would just be a matter of connecting the buyer with the seller and signing on the dotted line, but life isn’t always so easy. Don’t Get Stuck In The Past.

Agents 52

Agents Marketing Contracts Inventory 52

Housing Wire

OCTOBER 20, 2023

In this article, we’ll share ideas and tips, including the best way to present new listings and how to engage your followers with valuable educational content. Be sure to label on the photo or video that your post is a new listing, as people may miss the caption while scrolling.

Real Estate 401

Real Estate Agents Real Estate Agent Clients 401

Housing Wire

OCTOBER 31, 2023

We may be nearing the bottom in home sales even if mortgage rates don’t decline. At least, that’s what the data seems to suggest as inventory grows and new listings decline at a less aggressive rate than last year. By next week, we could have more new sellers than this time last year.

New Listings 497

New Listings Inventory Contracts Housing Market 497

Housing Wire

JUNE 28, 2023

“Investor sentiment is positive right now as they haven’t let the macroeconomic environment slow them down,” said Kurt Carlton , co-founder and president of New Western , one of largest real estate investment marketplaces in the U.S. is lacking about 320,000 listings valued at the affordable range for middle-income buyers.

Investors 382

Investors Housing Market Marketing Renovations 382

Housing Wire

SEPTEMBER 7, 2023

Mortgage rates peaked at 7.5% Rising mortgage rates mean rising inventory as home buyer demand slows quickly. Last year at this time, mortgage rates began to spike dramatically from under 6% to 7.5% Last year, the change in mortgage rates was rapid enough to drive home sales prices down. in a few weeks.

Contracts 436

Contracts Inventory Buyers New Listings 436

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” While Fischer attributes some of the uptick in activity to typical seasonality, he noted that the recent relative stability and even slight decreases in mortgage rates have also contributed.

Housing Market 436

Housing Market Marketing Inventory Construction 436

Will Springer Realtor

MAY 9, 2023

Falling new inventory is constraining transaction volumes while also supporting higher home prices. It’s a dynamic not often seen in our area and it – along with stubbornly high mortgage interest rates – has generated a rollercoaster ride of data that would make Six Flags jealous. Where are all the sellers?

New Listings 59

New Listings Inventory Buyers Sellers 59

D Fritz Appraisals

MAY 21, 2021

The Mortgage Stress Test will be increasing as of June 1, 2021. Under the new requirements set by the Office of the Superintendent of Financial Institutions (OSFI), uninsured mortgages will increase to a qualifying benchmark rate of 5.25%. The Mortgage Stress Test Rollercoaster. Why is the Mortgage Stress Test Increasing?

Mortgage 133

Mortgage Real Estate Insurance Renovations 133

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% While there were 5.8% There are 7.4%

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. From a buyer’s perspective, it couldn’t be worse. Mortgage rates are high, home prices are high, there’s no inventory.”

Sellers 60

Sellers Buyers New Listings Inventory 60

Will Springer Realtor

AUGUST 11, 2023

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. NAR’s Housing Affordability Index is a good measure of whether a household earns enough to qualify for a mortgage on a typical home. An index score of 100 means that a buyer with a median U.S.

Buyers 36

Buyers Development Construction New Listings 36

Empire Appraisal Group

JANUARY 4, 2023

Buyer demand has dropped due to rising rates, and seller supply slowed too, creating an uneasy balance. But if buyers drop or sellers expand more, it will impact prices. NEW YORK – The U.S. The start of the year, of course, is when homeowners and real estate agents start to bring new inventory to market. Florida Realtors.

Inventory 78

Inventory Open Houses Sellers Real Estate 78

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. What does this mean for Buyers ? What’s happening in the market?

New Listings 53

New Listings Real Estate Inventory Sellers 53

Empire Appraisal Group

MARCH 11, 2021

Buyers | Florida Realtors. It adds yet another challenge for local buyers. They describe how local buyers have lost out to COVID-driven buyers from New York and other northern states. That’s going to squeeze out locals using financing. Ever since January it’s been more of a Northeast buyer,” he said.

Buyers 78

Buyers Real Estate Realtors Brokerage 78

Will Springer Realtor

JANUARY 9, 2024

The past year witnessed a financial rollercoaster, with interest rates fluctuating between 5.99% and 8.03% for conventional 30-year mortgages, according to Mortgage News Daily. Treasurys and mortgage-backed securities. At the same time, many homeowners are sitting comfortably with low mortgage rates.

Mortgage 36

Mortgage Real Estate Law Lending 36

Will Springer Realtor

APRIL 9, 2024

For housing and mortgage professionals, however, these apparent highlights are persistent nuisances. Cold water” comes from the central bank’s intent to maintain high financing costs for banks that borrow from other financial institutions. above the list price. More on this in a moment.)

Marketing 60

Marketing Inventory Buyers Sellers 60

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. Buyers and sellers tiptoed through caution. 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. Um, bye-bye! a year ago.

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Will Springer Realtor

FEBRUARY 13, 2024

The market is now in the process of thawing after a lengthy cool down, as buyers begin anew to seek change in their home dynamics. There is plenty of pent-up demand from prospective buyers who have watched for months from the sidelines as financing costs remained untenable. higher than January 2023. fewer (1842) than on Jan.

New Listings 54

New Listings Buyers Inventory Lending 54

Lamacchia Realty

FEBRUARY 27, 2023

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market. Broward County In January of 2023, Broward County single-family and condo/townhome closed sales, new listings, and pending sales decreased.

New Listings 54

New Listings Buyers Realty Sellers 54

Lamacchia Realty

APRIL 27, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by fall and into the winter, which in turn caused prices to continue to increase significantly.

New Listings 55

New Listings Bracketing Inventory Realty 55