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

AUGUST 18, 2023

Secret #2 Sometimes, especially in a low-inventory market, your potential seller client may know about comparable sales you didn’t capture. 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

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 432

Inventory Real Estate Construction New Listings 432

Housing Wire

AUGUST 3, 2022

We see some of this in the active listing data as new listings are declining. Lower rates may pull some of these listings forward as people feel more comfortable with rates down; time will tell. Also, we have to know that we aren’t working from a high level of inventory data as well. NAR total inventory data.

Mortgage 504

Mortgage Inventory Sellers Housing Market 504

Housing Wire

AUGUST 1, 2023

Zillow Group ‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market. New single-family home sales rose 23.8%

Construction 370

Construction Advertising Real Estate Real Estate Agent 370

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 420

Mortgage Real Estate Inventory Construction 420

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” From a seller’s standpoint it may make a bit more sense to sell now, so we are creating some more inventory and buyer are taking advantage of lower rates and more stable home prices.” According to Altos Research, as of Feb.

Housing Market 441

Housing Market Marketing Inventory Construction 441

Housing Wire

JUNE 18, 2023

Active housing inventory grew while new listing data fell. Here’s a quick rundown of the last week: Active inventory grew 8,041 weekly. Weekly housing inventory This year’s housing inventory theme has been a walking dead musical chorus of a zombie trying to escape a grave. 6% for a year.

Housing Market 491

Housing Market Marketing Inventory New Listings 491

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said.

Inventory 421

Inventory Housing Market Marketing Construction 421

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing Inventory. Home price s. million in 2023.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

FEBRUARY 24, 2023

I wouldn’t read too much into the fact that this new home sales report beat estimates, but I would say that in the future, if mortgage rates get back toward 6%, the homebuilders have creative ways to sell their homes that the existing home seller might not be inclined to do. However, this isn’t how inventory grows in America.

Inventory 485

Inventory Construction Housing Market Mortgage 485

Empire Appraisal Group

SEPTEMBER 8, 2022

home prices are about to tumble as demand for new houses ‘craters,’ an economist warns.” Scary times: builders are slashing home prices and slowing construction as buyers pull back, survey shows” (MarketWatch). Consequently, prices of new homes should follow a similar downward path, although the trajectory is the question.

Housing Market 78

Housing Market Marketing Real Estate New Listings 78

McKissock

DECEMBER 10, 2021

“Higher mortgage rates will end double-digit price growth and new listings will hit a 10-year high,” predicts Redfin. ” Read the full forecast to learn about Redfin’s predictions regarding mortgage rates, supply and demand, new construction, home price growth, and more.

Housing Market 79

Housing Market Appraisal Marketing Appraisal Process 79

Housing Wire

JANUARY 1, 2024

If I am wrong and mortgage rates go lower for longer and we don’t get more new listings in 2024, then home prices can grow faster in 2024 because we will have the same issue as before: too many people chasing too few homes. So, this is something to consider only if we see an increase in stressed inventory.

Housing Market 528

Housing Market Marketing New Listings Construction 528

Housing Wire

AUGUST 23, 2023

Builders are taking advantage of the housing market inventory issues , which is why new home sales are growing yearly, even with higher mortgage rates. I often use the term efficient home sellers to describe the home builders in this low inventory environment. They will build as long as new home sales are growing.

Mortgage 370

Mortgage Inventory Construction Sellers 370

Housing Wire

FEBRUARY 16, 2023

Last year we had monthly existing home sales collapse back to 2007 levels, except this time around, NAR has total inventory at 970,000 and not over 4 million. In an odd twist of fate, the delays due to COVID-19 are currently an infrastructure and jobs program for Americans in the construction industry. months of supply.

Construction 522

Construction Housing Market Inventory Mortgage 522

Housing Wire

FEBRUARY 16, 2024

New construction starts fell to a seasonally adjusted annual rate of 1.331 million units, down 14.8% New starts in the Northeast and the Midwest fell 20.6% Housing inventory remained low in January and new homes still accounted for about 30% of all homes available for sale. Census Bureau and the U.S.

New Listings 430

New Listings Construction Inventory Sellers 430

Housing Wire

JANUARY 19, 2024

Remember, with median sales prices and inventory, it’s very seasonal. Something notable about this report: Total active listings as the NAR tracks them almost broke under 1 million again. However, remember, the dive in inventory is normal at this time of the year. Below are charts with today’s report and the trend.

Housing Market 473

Housing Market Inventory Contracts Marketing 473

Housing Wire

JULY 25, 2022

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

Housing Market 397

Housing Market Marketing Supply Chain Real Estate 397

Housing Wire

JULY 20, 2021

This has dampened new home sales and quickened home-price growth.” ” Mark Palim, deputy chief economist at Fannie Mae , said anecdotal reports of builders delaying or turning down orders to clear a growing construction backlog appears to be borne out by the recent housing starts data. percent,” Palim said Tuesday.

Housing Market 500

Housing Market Marketing Inventory Construction 500

Listing Spark

DECEMBER 23, 2020

Median Sales Price: $365,000 (up 19%) Closed Sales: 3,397 (up 23%) Average Days on Market: 33 (Down 29 days from this time last year) 2,842 Active Listings (Down 55%) 3,629 Pending Sales (Up 23%) 0.9 Months of Inventory (1.2 Months of Inventory (Compared to 3.3 Months of Inventory: (down 1.4 Dallas/Fort Worth.

Real Estate 36

Real Estate Marketing Inventory Modernization 36

Housing Wire

FEBRUARY 25, 2021

And inventory shortages are the culprit. But many would-be buyers have also been thwarted by comically low resale inventory, as well as supply chain constraints and escalating materials costs that have made life difficult for homebuilders. For the fifth consecutive month , U.S. pending home sales dipped – this time, down 2.8%

Supply Chain 402

Supply Chain Inventory Housing Market Contracts 402

Housing Wire

JUNE 21, 2021

Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. But like the rest of the country, low housing inventory has hit the city hard. The KAAR also said housing inventory dropped for six straight months to start the new year. year-over-year.

Housing Market 432

Housing Market Marketing Realtors Inventory 432

Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. There are no signs of any surge in listings, and as a result we’ve seen a floor on home prices. New contracts dipped as affordability is out of reach for so many. housing market now. This week continues that trend.

Contracts 410

Contracts Inventory Housing Market Buyers 410

Housing Wire

NOVEMBER 28, 2022

The downturn in the LEI reflects consumers’ worsening outlook amid high inflation and rising interest rates, as well as declining prospects for housing construction and manufacturing. In addition, we have a lot of two-unit construction built, which will bring more supply online. NAR total inventory data: 1,220,000 listings.

Transportation 537

Transportation Construction Housing Market Mortgage 537

Listing Spark

SEPTEMBER 25, 2023

Fewer New Listings The number of new listings hitting the markets has continued to fall, mainly because a substantial segment of the market that was both buying and selling has essentially disappeared. The Rise of New Construction Homes New construction is stepping up to fill the void in the market.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Listing Spark

JANUARY 12, 2023

2022 Market Trends: Decrease in sales, values, and new listings in Austin, TX; median home value up 9.9% New Construction: Slowing down due to an increase in inventory and a declining market; builders targeting first-time home buyers. Episode Highlights. in Dallas year over year; closed sales down 30.4%

Real Estate 36

Real Estate Marketing Home Value Inventory 36

Will Springer Realtor

SEPTEMBER 8, 2021

Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. And many of the new projects are larger than in years past. Builders began construction on just under a million single-family homes in 2020. Active listings as of Sept. That’s fair.

Construction 36

Construction Inventory Buyers Real Estate 36

Raleigh Realty

JULY 12, 2022

These trends in time spent on the market and housing inventory show that homes in Raleigh will continue to be in high demand throughout the year. As supply chain issues cause construction material prices to soar, buyers are more likely to consider purchasing a resale home vs. a new construction home. is renter-occupied.

Real Estate 78

Real Estate Supply Chain Construction Home Value 78

Will Springer Realtor

SEPTEMBER 12, 2023

fewer new listings, the rate of sales rose 1.7% Two data points stood out from the latest report by the Northwest Multiple Listing Service: The aforementioned new listings for all homes in the county – 2684 – is at a low not seen for an August since records were shared with brokers (like me) dating back to the mid-1990s. “I

Finance 67

Finance Inventory Construction Buyers 67

Will Springer Realtor

MARCH 10, 2023

“The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.” Year Ago CONDO NEWS It’s full speed ahead at Avenue Bellevue , the two-tower, high-end condominium project in the heart of the city. Here’s a video of its progress. bath , 4527 sq.

Construction 36

Construction Modernization Buyers Inspection 36

Will Springer Realtor

MARCH 12, 2024

The picture was somewhat similar for single-family homes as a stand-alone category, with new listings up 38% (1845) and sales 41% (1064) stronger month-to-month, but the YoY numbers were more telling, up 31% and down 4.2%, respectively. Months of inventory continue to be a burden on all buyers. Inventory is at 1.3

Buyers 55

Buyers Construction Sellers Inventory 55

Lamacchia Realty

MARCH 29, 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 52

New Listings Inventory Realty Buyers 52

Listing Spark

FEBRUARY 7, 2024

3) Days on market and months supply of inventory climbed, shifting to a more balanced market For the first time in over 13 years, the market shifted from a scalding hot seller’s market to a balanced market or even a buyer’s market in some areas. in 2023 Active listings jumped 13.9% The list price to sales price ratio in Houston was 97.3%

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Housing Wire

JANUARY 20, 2021

fell to a four-month low in January as builders expressed concerns about higher house prices, COVID-related supply chain issues and construction costs. While housing continues to help lead the economy forward, limited inventory is constraining more robust growth,” said NAHB Chief Economist Robert Dietz. “A

Supply Chain 432

Supply Chain Inventory Housing Market Real Estate 432

Listing Spark

MARCH 9, 2023

Months supply of inventory climbed from 0.6 months of inventory is still technically considered a seller’s market (4-6 months is considered to be a balanced market). Compared to 2021’s extremely low months supply of inventory of 0.6 Compared to 2021’s extremely low months supply of inventory of 0.6

Real Estate 36

Real Estate Marketing Inventory Sellers 36

Lamacchia Realty

JANUARY 24, 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 into winter, which in turn caused prices to continue to increase significantly.

New Listings 49

New Listings Inventory Buyers Realty 49