Housing Wire

APRIL 18, 2024

In an interview today with Yahoo Finance , I discussed how home prices are still rising this year. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% from the previous year ($375,300). All four U.S. regions registered price gains. million, and in 2007, it peaked at 4 million.

Inventory 477

Inventory Housing Market New Listings Buyers 477

Housing Wire

DECEMBER 14, 2023

Meanwhile, new listing activity also inched up slightly in recent weeks, another good sign for homebuyers who have more options. One LO said he quoted an FHA borrower at 5.7%. A promising winter market Business for the mortgage industry has picked up considerably since Thanksgiving, with homebuyers jumping on lower rates.

Mortgage 477

Mortgage New Listings Loan Officers Inventory 477

Housing Wire

MARCH 6, 2024

This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings. This data, courtesy of Altos, shows that new listings retreat when rates rise and accelerate when rates fall: High rates are bad, too, for the sellers who decided to list their homes.

Mortgage 393

Mortgage Sellers New Listings Buyers 393

Housing Wire

SEPTEMBER 13, 2022

Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter. It wasn’t the rate move that caught my attention — it was the new listing data. As you can see below, that sharp move to 6.25% caused new listing data to stall at first.

Mortgage 515

Mortgage Inventory New Listings Sellers 515

Housing Wire

JUNE 5, 2024

Is there new construction in your market? Do the builders have special financing? One for first-time buyers, one for standard move-up and move-down buyers, one for higher-end executive types, and one with portfolio loans for the self-employed. Are the schools improving or declining? What price ranges?

Real Estate 325

Real Estate Open Houses Clients Agents 325

Housing Wire

NOVEMBER 21, 2023

Prospective home buyers experienced another difficult month due to the persistent lack of housing inventory and the highest mortgage rates in a generation,” NAR Chief Economist Lawrence Yun said in a statement. The median existing- home price for all housing types in October was $391,800, down from $394,300 in September but up 3.4%

Inventory 386

Inventory Realtors New Listings Contracts 386

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. Relatedly, the Federal Housing Finance Agency (FHFA) recorded a 4.3% increase in home prices in the first quarter of 2023 from the first quarter in 2022.

Mortgage 391

Mortgage Inventory Construction New Listings 391

Housing Wire

NOVEMBER 28, 2023

Home prices are expected to slow in the fourth quarter of 2023 Higher rates combined with a typical seasonal slowdown should push down the number of buyers on the market. Simultaneously, new listing volume is up at the end of November, which might cool home prices down.

New Listings 339

New Listings Contracts Inventory Sellers 339

Housing Wire

FEBRUARY 23, 2024

Our data lines here at Housing — which track things weekly — show inventory is growing year over year with new listings growth as well. This is the timeframe where seasonality kicks in for both to go lower and it will be interesting to see where inventory goes this year with the NAR data. From NAR : Total existing-home elevated 3.1%

Inventory 434

Inventory Mortgage New Listings Marketing 434

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 278

Sellers Clients Inventory Agents 278

Housing Wire

FEBRUARY 7, 2024

This was likely a reflection of the prolonged decline in vacant homes for sale, which made it difficult for would-be buyers to find a home to purchase. Mortgage rates followed suit, walloping buyers’ purchasing power. Many of the same pandemic forces that set off the homebuying frenzy also fueled a frenetic pace of inflation.

Inventory 394

Inventory Sellers Mortgage Marketing 394

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 357

Sellers Construction Real Estate Finance 357

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 386

Buyers Marketing Inventory Investors 386

Housing Wire

MAY 22, 2024

This growth is a positive housing story in 2024, something I talked about on Yahoo Finance this morning. The other data line that is small but steady year-over-year is the new listings data, and if most sellers are buyers, that gives us more demand than in 2023, when new listings were trending at the lowest levels ever.

Inventory 460

Inventory New Listings Housing Market Contracts 460

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 402

Housing Market Buyers Agents Marketing 402

Housing Wire

MARCH 8, 2024

We’ve signed 47 new listings year to date, and we’ve had plenty of conversations with other sellers that we didn’t sign, but there are a lot more conversations surrounding transparency,” Posnick said. If you don’t discuss this with your clients, how does that make us look to consumers?” she asked. “It

Agents 388

Agents Legal Realtors Clients 388

Housing Wire

MAY 13, 2024

If you need to communicate about the real estate market with buyers and sellers, you should join us. It’s the peak season for buyers and sellers. New listings Slightly fewer new listings hit the market this week — 69,000 single-family homes that are newly listed, plus another 20,000 listed that are already under contract.

New Listings 414

New Listings Contracts Inventory Sellers 414

Housing Wire

MARCH 11, 2024

New listings To watch whether supply and demand might get out of balance with higher mortgage rates, keep an eye on the new listings volume this spring, not just the total inventory. There were 59,000 new listings unsold this week. Last year there was still a lot more buyer momentum than sellers.

Inventory 501

Inventory New Listings Sellers Real Estate 501

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.

Real Estate 421

Real Estate Inventory Construction New Listings 421

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 355

Real Estate Agents Real Estate Agent Clients 355

Eppraisal

OCTOBER 2, 2021

The demand for homes has been and is still high, as eager buyers rush to new listings and submit offers quickly. Whether you're a buyer or a seller, your agent should possess top-of-the-line negotiation skills. There are attorney, inspection, appraisal and financing contingencies to consider, to name a few.

Agents 36

Agents Real Estate Agent Marketing Real Estate 36

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 353

Investors Housing Market Marketing Renovations 353

Housing Wire

MARCH 29, 2024

Buyers are still buying and sellers are still selling. We definitely noticed a downturn last year, which coincided with interest rates going up, and buyers just put the brakes on things and wanted to wait to see what was going to happen. Michaels also noted that his business is still seeing a steady stream of out-of-town buyers. “We

Housing Market 366

Housing Market Agents Marketing Inventory 366

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” Both buyers and sellers are coming back to the market,” Fischer said. With existing inventory down, Schuler said new construction has taken on a larger role in his market. Data from Altos Research backs up Fischer’s observations.

Housing Market 405

Housing Market Marketing Inventory Construction 405

Housing Wire

OCTOBER 31, 2023

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. New listings decline isn’t as steep as a year ago There were only 53,000 new listings (single-family homes) unsold this week, plus 10,000 more new listings that are already in contract.

New Listings 475

New Listings Inventory Contracts Housing Market 475

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. In 2024, she is optimistic that sellers will sell and more buyers will come to the market, as there is a big pent-up demand.

Housing Market 397

Housing Market Marketing Logistics Real Estate 397

Will Springer Realtor

MAY 9, 2023

The chart (below) puts it in sharp focus: Except for the pandemic year of 2020 when there were 2559 new listings that April, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. Where are all the sellers? There are 1.7 months in Seattle and 1.2

New Listings 58

New Listings Inventory Buyers Sellers 58

Housing Wire

JUNE 21, 2021

. “I never know how my day is going to go, because when a new listing comes on the market in Knoxville, the race is on. ” Grebe said 78% of homes sold in May went for list price or above, and 40% of those sold for at least 26% above list price. It’s like a horse race.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Cornerstone

FEBRUARY 15, 2022

Struggling homeowners had two additional years to work on their finances and come up with a plan for repayment. Today’s market can handle a million (or more) new listings. When the market was flooded with foreclosures in 2008, these homes only added to the surplus of homes listed for sale. Bottom line?

Loan Officers 59

Loan Officers Housing Market Inventory Mortgage 59

Housing Wire

SEPTEMBER 7, 2023

Rising mortgage rates mean rising inventory as home buyer demand slows quickly. Mortgage rates have been rising, making homes more expensive to buyers and obviously slowing demand. This is an effective illustration of the impact this year’s higher mortgage rates are having on home buyer demand. Mortgage rates peaked at 7.5%

Contracts 412

Contracts Inventory Buyers New Listings 412

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% against the previous month.

Finance 67

Finance Inventory Construction Buyers 67

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. An index score of 100 means that a buyer with a median U.S. income can qualify for financing on a median-priced home. In the 1990s, one-third of new homes were smaller than 1800 sq.

Buyers 36

Buyers Development Construction New Listings 36

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. King County new listings fell 13% from June to July (2158), led by a 20% slide in Seattle (690). on the Eastside. The county saw a 4.9%

Sellers 58

Sellers Buyers New Listings Inventory 58

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

JUNE 11, 2024

King County home buyers are witnessing the greatest supply of single-family, condo and townhomes since before the pandemic and a rising number of listings have dropped prices after sitting on the market. Financing that purchase is a different story, as the county experienced the first-ever $1M median price of single-family homes.

Buyers 52

Buyers Inventory Finance Housing Market 52

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 48

New Listings Real Estate Inventory Sellers 48