Housing Wire

NOVEMBER 30, 2023

Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year. Homebuyer traffic will increase in 2024, fueled by lower mortgage rates and more existing-home inventory. Existing-home inventory will grow to 1.3 by the year’s end.

Buyers 473

Buyers Housing Market Sellers Inventory 473

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. A healthy housing market is considered roughly six months of supply.

Inventory 500

Inventory Contracts Housing Market Buyers 500

Housing Wire

AUGUST 22, 2023

The housing market continues to cool amid high mortgage rates , low inventory and rising property insurance rates. The National Association of Realtors (NAR) suggested a 2.2% Elevated mortgage rates and low inventory As of August 17, mortgage rates surpassed 7% as U.S. Homes are sitting on the market somewhat longer.

Buyers 369

Buyers Inventory Realtors Housing Market 369

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

Inventory 397

Inventory Marketing Business Buyers 397

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. This is what I call a supply-constrained market. “In The perplexing part: Why are home prices not declining in this environment?

Inventory 466

Inventory Renovations Real Estate Government 466

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 504

Buyers Agents Mortgage Real Estate Agent 504

Cleveland Appraisal Blog

APRIL 26, 2023

With a shortage of housing inventory persisting, some are resorting to building their own home. If you decide to use a realtor it can make the experience much smoother, much easier and ultimately far better for you as a buyer. This frees up time for buyers to focus on other aspects of their lives. Hello friends!

Realtors 272

Realtors Buyers Real Estate Agent Appraisal 272

Housing Wire

JANUARY 20, 2022

In 2021, homebuyers who successfully purchased a home viewed a median of only eight properties before completing their transaction, according to a report by the National Association of Realtors , published on Tuesday. According to NAR , low inventory is partly to blame for the homebuyers looking at fewer homes than before.

Buyers 421

Buyers Inventory Open Houses Technology 421

Housing Wire

APRIL 25, 2024

in March compared to February despite rising mortgage rates , according to data released Thursday by the National Association of Realtors (NAR). Meaningful gains will only occur with declining mortgage rates and rising inventory.” Existing-home inventory in March improved 14.4% Pending home sales increased by 3.4%

Inventory 458

Inventory Buyers Realtors Investors 458

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. But buyers shouldn’t get too excited. rounded out the top five toughest markets for homebuyers. In August, 58.8%

Buyers 441

Buyers Inventory Real Estate Agent Agents 441

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 397

Buyers Agents Loan Officers Real Estate 397

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened.

Housing Market 540

Housing Market Marketing Inventory Mortgage 540

Housing Wire

APRIL 30, 2024

For-sale inventory increased 14.8% Meanwhile, the National Association of Realtors reported that existing home sales increased by 9.5% from January to February as buyers had more inventory to choose from, despite high prices and mortgage rates. in February.

Inventory 479

Inventory Realtors Buyers Marketing 479

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like? Factors like location and condition of the property and the market demand for REO and other existing home sales, impact the current landscape for REO assets.

Business 409

Business Marketing Real Estate Legal 409

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. One such measure is who is entering the market.

Realtors 432

Realtors Buyers Inventory Sellers 432

Housing Wire

JULY 9, 2021

In case you didn’t know, we’re living in a seller’s market. But even though home prices are at record highs , buyers are still in the market. Are you in the market for a home? A buyer in Austin, Texas paid $1 million over a home’s listing price. A homebuyer’s guide to a competitive housing market.

Buyers 450

Buyers Counter Offer Real Estate Agent Real Estate 450

Housing Wire

FEBRUARY 22, 2024

Existing-home sales picked up in January as buyers took advantage of the lowest mortgage rates seen in several months. from December to a seasonally adjusted annual rate of 4 million in January, according to a report from the National Association of Realtors (NAR). In fact, by the end of January, for-sale housing inventory was at 1.01

Inventory 432

Inventory Sellers Buyers Realtors 432

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. Of course this isn’t the healthiest housing inventory story. from the previous year ($375,300). All four U.S.

Inventory 491

Inventory Housing Market New Listings Buyers 491

Housing Wire

DECEMBER 20, 2023

million, according to the National Association of Realtors. The latest weakness in existing home sales still reflects the buyer bidding process in most of October when mortgage rates were at a two-decade high before the actual closings in November,” NAR Chief Economist Lawrence Yun said in a statement. “The Housing inventory fell 1.7%

Inventory 431

Inventory Housing Market Realtors Buyers 431

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 479

Buyers Realtors Inventory Sellers 479

Housing Wire

MAY 21, 2021

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. housing market for 2020 to 2024 is that home prices could escalate to an unhealthy level. The post Existing home sales data: A bad sign for housing market? My biggest fear for the U.S.

Housing Market 541

Housing Market Marketing Inventory Realtors 541

Housing Wire

JUNE 22, 2021

These are the words real estate agents use when asked to describe the current state of the market and what it’s like to buy a home today. Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. Lack of inventory. We don’t have any inventory.

Housing Market 450

Housing Market Real Estate Agent Marketing Inventory 450

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. Inventory is always seasonal. Today inventory levels are at 1.02 How are home prices up 14.8% year over year?

Housing Market 525

Housing Market Marketing Inventory Realtors 525

Housing Wire

APRIL 19, 2024

from February to March, according to a report released Friday by the Pennsylvania Association of Realtors (PAR). This spring represents a window of opportunity for buyers and sellers who want to enter the market.” Data released Thursday by the National Association of Realtors (NAR) revealed a 4.3% decline in U.S.

Realtors 407

Realtors Inventory Real Estate Sellers 407

Housing Wire

NOVEMBER 30, 2023

in October on a month-over-month basis, according to data released Thursday by the National Association of Realtors (NAR). Historically high rates harmed the housing market in October Annualized existing home sales remained below 4 million in October, the lowest rate since 2010. down from 72.6 in September.

Housing Market 479

Housing Market Inventory Realtors Construction 479

Housing Wire

FEBRUARY 29, 2024

month over month in January, according to the newest data from the National Association of Realtors (NAR). Overall active inventory improved 7.9% The job market is solid, and the country’s total wealth reached a record high due to stock market and home price gains,” NAR chief economist Lawrence Yun said in a statement.

Contracts 431

Contracts Inventory New Listings Realtors 431

Housing Wire

FEBRUARY 10, 2023

Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire. Buyers seem like they can’t get a break,” Kechian said. “I I really think they had about three months last year where it was a buyers market in the fourth quarter.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

Housing Wire

JANUARY 20, 2023

million, according to a report from the National Association of Realtors (NAR) released Friday. The housing market may have started 2022 out with a bang, but it exited the year with a whimper,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. from November to a pace of 4.02 A total of 5.03 year over year.

Inventory 384

Inventory Housing Market Realtors Buyers 384

Housing Wire

MARCH 18, 2021

The progression of homebuying over the past year has seen prospective buyers adjusting their preferred destination plans again, and again, and again. For a time, Colorado Springs became the de facto destination for buyers priced out of living in Denver. Housing professionals need to find ways to better meet buyer needs.

Housing Market 543

Housing Market Marketing Real Estate Agent Buyers 543

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

MAY 8, 2024

In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We Year over year , Compass gained 26 basis points of market share, bringing its total share of home sales in Q1 2024 to 4.76%.

Agents 436

Agents Brokerage Real Estate Clients 436

Appraisal Buzz

MARCH 21, 2024

compared with February 2023, according to the National Association of Realtors (NAR). Helping to boost existing-home sales in February was that inventory increased 1.07 compared with February 2023. “Additional housing supply is helping to satisfy market demand,” says Lawrence Yun, chief economist for NAR, in a statement.

Inventory 394

Inventory Realtors Investors Buyers 394

Housing Wire

SEPTEMBER 30, 2022

The uncertainty and volatility in financial markets is heavily impacting mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Consequently, the Federal Reserve increased the federal funds rate by 75 basis points at its Federal Open Market Committee (FOMC) meeting in September. A year ago at this time, rates averaged 3.01%.

Buyers 458

Buyers Mortgage Loan Officers Retail 458

Inman

MAY 10, 2023

A "drought" of new listings is driving up prices, reversing the sluggishness of late 2022 and forcing buyers to compete fiercely for homes, according to a new analysis from Zillow.

Buyers 148

Buyers Inventory New Listings Marketing 148

Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. 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. On the bright side, housing inventory rose 1.8%

Inventory 410

Inventory Realtors New Listings Contracts 410

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. million and 6.16

Housing Market 491

Housing Market Marketing Inventory Mortgage 491