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. When inventory bounces back The extremes of the 2020s have dealt big blows to for-sale inventories.

Inventory 386

Inventory Sellers Mortgage Marketing 386

Housing Wire

MAY 15, 2024

After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. By Q1 2022, 80% of mortgage holders were locked in with their incredibly cheap financing.

Mortgage 370

Mortgage New Listings Inventory Sellers 370

Housing Wire

NOVEMBER 28, 2023

year over year in Q3, according to the Federal Housing Finance Agency (FHFA) House Price Index. Simultaneously, new listing volume is up at the end of November, which might further cool home prices. house prices rallied again in the third quarter of 2023. In fact, home prices rose 2.1% quarter over quarter and 5.5% in September.

Inventory 462

Inventory New Listings Finance Buyers 462

Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. 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.

Mortgage 513

Mortgage Inventory New Listings Sellers 513

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 474

Inventory Housing Market New Listings Buyers 474

Housing Wire

APRIL 5, 2024

Headwinds like mortgage rates , low inventory and rising rents are still strong, but easing,” Zillow Senior Economist Orphe Divounguy, said in a statement. “Attractive homes are moving fast, so those looking to buy this spring should get their finances in order now, including getting pre-approved for a home loan.

Housing Market 377

Housing Market Marketing Training New Listings 377

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. This harms inventory as homeowners are reluctant to let go of their low mortgages. However, this situation could change in 2024, according to Bright MLS Chief Economist Lisa Sturtevant.

Mortgage 476

Mortgage New Listings Loan Officers Inventory 476

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. On the bright side, housing inventory rose 1.8% On the bright side, housing inventory rose 1.8%

Inventory 380

Inventory Realtors New Listings Contracts 380

Housing Wire

FEBRUARY 23, 2024

Here are some charts reviewing today’s report with a host of data lines from the NAR existing home sales report: [link] A few critical glaring points: active inventory is still historically low, and so is monthly supply data. Cash sales rising year over year looks normal as mortgage demand is lower year over year.

Inventory 426

Inventory Mortgage New Listings Marketing 426

Housing Wire

MAY 30, 2023

Low housing inventory and still-strong demand kept prices high in March, according to the latest according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. Relatedly, the Federal Housing Finance Agency (FHFA) recorded a 4.3% The annual growth rate in March 2023 was up 0.7%. House prices were up 0.5%

Mortgage 386

Mortgage Inventory Construction New Listings 386

Housing Wire

MARCH 15, 2024

Inventory has been trending upward for the last two years despite persistently high mortgage rates, Mike Simonsen, president and founder of Altos Research , wrote on Monday. New listings ticked up by 21% in February compared to last year, according to Zillow ’s February report. metros experienced an increase in new listings.

New Listings 439

New Listings Inventory Home Value Contracts 439

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 384

Mortgage Sellers New Listings Buyers 384

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. Low levels of existing home inventory contributed to keeping home prices elevated. Simultaneously, new listing volume is up at the end of November, which might cool home prices down.

New Listings 330

New Listings Contracts Inventory Sellers 330

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. range currently!

Sellers 275

Sellers Clients Inventory Agents 275

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 500

Inventory New Listings Sellers Real Estate 500

Housing Wire

JUNE 5, 2024

Always know the following: Is inventory increasing or decreasing in your market? List to sell price ratio? Is there new construction in your market? Do the builders have special financing? Practice pricing property This is a key skill to practice regularly, not just when you have a new listing opportunity.

Real Estate 317

Real Estate Open Houses Clients Agents 317

Housing Wire

MAY 22, 2024

So, it was necessary to highlight that for this report because our fresh current inventory data paints a different picture. Looking ahead, price growth will cool down in the second half of 2024 because of increased inventory and more homes taking a price cut before selling. from the previous year ($385,800). All four U.S.

Inventory 452

Inventory New Listings Housing Market Contracts 452

Housing Wire

JULY 28, 2023

New listings of starter homes dropped 23% from a year earlier in June, the biggest drop since the start of the pandemic, the report found. The cost of financing a median-priced U.S. In June, the typical starter home sold for a record $243,000, up 2.1% from a year earlier and up more than 45% from before the pandemic.

Buyers 369

Buyers Housing Market Investors Real Estate 369

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 352

Sellers Construction Real Estate Finance 352

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 419

Real Estate Inventory Construction New Listings 419

Housing Wire

NOVEMBER 20, 2023

Last week, I asserted that housing inventory growth had finished for the year. This week, the available inventory of unsold single-family homes crept up minimally. Housing inventory inches up There were 570,000 single-family homes on the market, or 0.5% Turns out I was wrong! After all, more sellers means more sales in 2024.

Inventory 397

Inventory New Listings Housing Market Sellers 397

Housing Wire

JUNE 10, 2024

By Q1 2022, 80% of mortgage holders were locked in with their incredibly cheap financing. We see the same pattern in the new listings rate each week. We’ve illustrated that shrinking market trend below by showing the average number of new listings in the first 14 weeks of each year.

Mortgage 356

Mortgage Inventory New Listings Sellers 356

Housing Wire

MAY 13, 2024

Inventory continues to build at the national level, something that’s happening most rapidly in the South. Housing inventory There are now 568,000 unsold single-family homes on the market. It’s not a massive gain, but inventory is growing and will continue to grow over the next few months. As the U.S. That’s up 1.5%

New Listings 405

New Listings Contracts Inventory Sellers 405

Housing Wire

DECEMBER 4, 2023

New listings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November. It’s looking like we’ll end 2023 with higher housing inventory than this time last year. Inventory is 1.2% housing market in 2024.

Housing Market 483

Housing Market Marketing Inventory New Listings 483

Housing Wire

NOVEMBER 27, 2023

If you follow real estate data closely, you’ll know that inventory rose late into November. You also know that new listings are up over last year, too. Inventory (finally) peaks for the year Housing inventory was down by 0.7% Inventory hit 566,000 homes on the market, meaning there are 0.5% Short on time?

New Listings 481

New Listings Contracts Inventory Housing Market 481

Housing Wire

APRIL 13, 2024

Now that this technical level has been broken, 2024 is going to be a lot more interesting, something I discussed in an interview with Yahoo Finance. Some will say that bonds rallied ahead of the pending war news on Friday, but we will get a better answer Sunday night with bond market trading.

Inventory 426

Inventory Mortgage New Listings Retail 426

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. We are going to see an increase in inventory.

Buyers 378

Buyers Marketing Inventory Investors 378

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. There can be numerous reasons for a slowdown in pending sales.

Agents 52

Agents Marketing Contracts Inventory 52

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 398

Housing Market Marketing Inventory Construction 398

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. Inventory creeps up There are now 562,000 single-family homes on the housing market. Don’t be surprised if inventory keeps climbing next week into November. Don’t have time?

New Listings 469

New Listings Inventory Contracts Housing Market 469

Housing Wire

JUNE 28, 2023

New listing data is trending at all-time lows; active inventory growth has been so slow in 2023 that we will see some negative year-over-year prints soon in the weekly inventory data. Additionally, roughly 45% of respondents fund their investments through hard money or investment financing and about 30% through cash.

Investors 346

Investors Housing Market Marketing Renovations 346

Housing Wire

APRIL 16, 2024

As of April 12, there were 526,000 active single-family listings on the market, up 2.6% This uptick in inventory is a function of high and rising mortgage rates , according to Mike Simonsen, founder and president of Altos Research. from the previous week, according to Altos Research. Last week, the U.S.

Mortgage 341

Mortgage New Listings Investors Housing Market 341

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

APRIL 9, 2024

Additionally, last week added only 55,000 new listings for single-family homes, down 8.5% Some markets like Southwest Florida posted big inventory gains, while others, like Boston , are still climbing off pandemic lows. from the week prior and down 1.5% from a year ago, according to Altos data.

Mortgage 360

Mortgage New Listings Inventory Contracts 360

Housing Wire

NOVEMBER 6, 2023

Inventory continues to build There are 567,000 single-family homes on the market. Housing inventory. Remember the Altos rule: If mortgage rates go up, inventory will build in 2024. If rates fall, inventory will also come down again. If rates fall, inventory will also come down again. As expected, that’s up 0.7%

Housing Market 477

Housing Market Marketing Inventory Contracts 477

Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The top three spots in the ranking were Buffalo, New York, and Cincinnati and Columbus, Ohio. The real estate market As of Jan.

Housing Market 389

Housing Market Marketing Logistics Real Estate 389

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 Even if we get more listings, it is not going to be enough for people.

Housing Market 394

Housing Market Buyers Agents Marketing 394