Housing Wire

OCTOBER 28, 2022

according to data released Friday by the National Association of Realtors. Persistent inflation has proven quite harmful to the housing market,” Lawrence Yun, NAR’s chief economist, said in a statement. Yun noted that new listings are down compared to a year ago, as many existing homeowners do not want to give up the 3.0%

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Contracts New Listings Realtors Housing Market 523

Housing Wire

FEBRUARY 29, 2024

month over month in January, according to the newest data from the National Association of Realtors (NAR). 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. Pending home sales dropped 4.9%

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Contracts Inventory New Listings Realtors 408

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. “The from November to a pace of 4.02 A total of 5.03 A total of 5.03

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Inventory Housing Market Realtors Buyers 368

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. The Federal Reserve wanted to see the bidding wars end and the days on the market grow.

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Inventory Marketing Housing Market New Listings 473

Housing Wire

MAY 24, 2021

The National Association of Realtors Confidence Index Survey for April reveals how hot the housing market is. Per the report, homes that sold had five offers on average , and nearly 50% of homes sold for more than their list price during the four weeks ending May 16. 25% of all sales were cash sales, per the report.

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Realtors Buyers Housing Market New Listings 479

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. million, according to the N ational Association of Realtors. Existing-home sales dropped 4.1% in October from the prior month , reaching a seasonally adjusted annual rate of 3.79

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Inventory Realtors New Listings Contracts 403

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. That was a huge red flag, hence all the statements in 2021 about unhealthy housing. . million in August.”

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Inventory Housing Market New Listings Mortgage 456

Housing Wire

AUGUST 27, 2020

in July, the third consecutive month of gains, fueled by low mortgage rates and unprecedented demand from consumers. year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We million, a 1.1%

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Contracts Realtors New Listings Real Estate 485

Empire Appraisal Group

SEPTEMBER 8, 2022

Housing Market Collapse? Housing Market Collapse? Nowhere in Sight | Florida Realtors. The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. Housing Market Collapse?

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Housing Market Marketing Real Estate New Listings 78

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. With shut-down orders in the spring, summer became the new home-buying season, but homebuyers were still incredibly active in August. Over the last four weeks ending on Sept.

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Real Estate Agent Real Estate Agents Realtors 546

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%

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Inventory Mortgage New Listings Marketing 458

Housing Wire

FEBRUARY 22, 2024

The housing market in the state of Florida saw higher median home prices, more real estate listings and a higher number of active listings during the month of January, according to data released Thursday by Florida Realtors , a state-based trade organization for real estate professionals.

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New Listings Realtors Real Estate Inventory 427

Housing Wire

JANUARY 22, 2024

“The market in Indianapolis is very cyclical,” Carrie Holle, Realtor and principal of the Carrie Holle Group with Compass , told HousingWire. There is always a big slowdown between Thanksgiving and New Year. We are seeing more showings per listing, we’re getting more calls, inquiries per listing.

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Housing Market Marketing Logistics Real Estate 422

Housing Wire

JANUARY 29, 2024

Most economists forecast mortgage rates to decline in 2024, stoking optimism about the housing market. According to the newest Bloomberg Markets Live Pulse Survey (MLIV Pulse), the rate on the 30-year fixed mortgage will fall to 5.5% The Federal Open Market Committee (FOMC) meets again on Tuesday and Wednesday.

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Mortgage Inventory Investors New Listings 415

Listing Spark

OCTOBER 13, 2022

Is that the case for all major Texas housing markets? What should they expect in this housing market? We’ll dive into the state of the Texas real estate market with Real Estate Real Fast host Aaron Jistel. 00:02:50] Peaking into the Fall 2022 Austin housing market. Episode highlights. Key takeaways.

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Housing Market Real Estate Marketing Buyers 36

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.” as of February 29, 2024.

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Housing Market Marketing Inventory Construction 428

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 Altos considers any score above 30 to be a seller’s market.

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Housing Market Buyers Agents Marketing 426

Housing Wire

SEPTEMBER 19, 2023

It’s not unusual for a little jump in new listings in September. Obviously, mortgage rates have been stubbornly over 7% for a couple of months. That’s a change in expectation of mortgage rates. Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still.

Housing Market 438

Housing Market Marketing Inventory New Listings 438

Housing Wire

JULY 20, 2021

Mortgage applications for new home purchases in June decreased 3% from May and 23.8% year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. In 2018-2019, total housing market inventory was in the range between 1.52 million to 5.61

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Housing Market Marketing Inventory Construction 500

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. Altos considers anything above a 30 to be a seller’s market.

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Buyers Marketing Inventory Investors 411

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 386

Mortgage Real Estate Inventory Construction 386

Movoto

MARCH 8, 2024

Interest Rates The average interest rate for a 30-year fixed mortgage started the month at 6.94%, which is at the low end of the 52-week range. When mortgage rates drop, they should do so before any cuts are made to the federal funds rate. Mortgage rates are expected to fall, but not until the second half of the year.

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Real Estate Inventory New Listings Realtors 36

Cornerstone

OCTOBER 5, 2021

With all the activity we’re seeing in the current housing market, homeowners want to know: Is it smarter to sell my house now, or should I wait until next year? If you’re weighing your options, it may help to know that there may not be a more lucrative time to list than today. Should I sell my house now?

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Sellers Loan Officers Inventory New Listings 53

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. There were analysts who expressed concern that once forbearance plans expired, the real estate market could see a foreclosure surge, similar to what followed the housing bubble 15 years prior.

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Loan Officers Housing Market Inventory Mortgage 59

Housing Wire

OCTOBER 21, 2022

On Thursday the National Association of Realtors reported that we had a 23.8% Earlier in the year, I labeled this a savagely unhealthy housing market based on the premise that Inventory would break to all-time lows, creating forced bidding and causing days on the market to collapse. The role of mortgage rates.

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Housing Market Inventory New Listings Mortgage 294

Housing Wire

JULY 20, 2023

The savagely unhealthy housing market continues as existing home sales are near record lows, and the days on the market are still at a teenager level, with home prices rising in 2023. Ladies and gentlemen, this was the fear and now the reality of the savagely unhealthy housing market. million, down 13.6%

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Marketing Housing Market Inventory New Listings 353

Housing Wire

SEPTEMBER 26, 2023

This is a demand-driven slowdown, because new listings supply is still running 9% to 10% fewer homes for sale each week than this time last year. We’re seeing fewer new sellers each week, but inventory is building as homebuyers wait to see if mortgage rates will come down to make purchases more affordable.

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Inventory Contracts New Listings Mortgage 491

Housing Wire

FEBRUARY 25, 2021

in January from December, according to a report from the National Association of Realtors. Despite the decline, many industry observers see big potential for the housing market in the year ahead. For now, low mortgage rates are increasing buyers’ purchase power across the country. But home prices have increased.

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Supply Chain Inventory Housing Market Contracts 402

Cleveland Appraisal Blog

JANUARY 5, 2023

We all needed some rest from the crazy housing market we’ve experienced in recent years. Like most markets across the country, the Cleveland area housing market has been red hot for the past few years. How have the rapidly increasing mortgage interest rates impacted the housing market in Northeast Ohio?

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Housing Market Marketing Appraisal Inventory 376

Housing Wire

JANUARY 19, 2024

We don’t have any data that shows sales are crashing from this low level: this is key when looking at the future because it does give us a place to grow sales as long as mortgage rates fall. Something notable about this report: Total active listings as the NAR tracks them almost broke under 1 million again. Sales faded 6.2%

Housing Market 445

Housing Market Inventory Contracts Marketing 445

Lamacchia Realty

JANUARY 27, 2023

The 2022 Connecticut Year in Review Housing Report breaks down sales, new listings, new pending sales, active inventory, and average price compared to the 2021 market and analyzes what the data means for the current housing market and beyond. Sales Down 18.8% and Prices Up by 5.9%

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Inventory Sellers Buyers Real Estate 52

Housing Wire

JANUARY 29, 2021

drop in November , according to a report from the National Association of Realtors. It’s the fourth consecutive decline, but many housing industry observers see big potential for the year ahead. pending home sales dipped to the tune of 0.3% in December following a 2.6% However, contract signings rose 21.4%

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Contracts Real Estate Housing Market Technology 531

Housing Wire

MAY 21, 2021

April’s existing home sales painted a familiar picture of a market still grappling with low supply as sales dropped for the third month in a row, down 2.7% million, the National Association of Realtors reported on Friday. “The falling number of homeowners in mortgage forbearance will also bring about more inventory.”

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Inventory Buyers New Listings Marketing 421

Will Springer Realtor

APRIL 11, 2023

After nearly a year, the housing sector’s contraction is coming to an end,” notes Lawrence Yun, National Association of Realtors® chief economist, speaking about the U.S. Speaking of which, applications for mortgages rose four consecutive weeks before falling a bit during the days leading up to the Easter/Passover holiday.

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Housing Market Marketing Buyers Sellers 36

Will Springer Realtor

JANUARY 10, 2023

Each month, this blog will publish a fresh assessment of the King County area housing market. The article will include the latest monthly data from the Northwest Multiple Listing Service, analysis from national and local experts and a glimpse ahead at what to expect in the coming weeks. Will Springer, Realtor®.

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Housing Market Marketing Inventory Real Estate 36

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.

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Mortgage Real Estate Law Lending 36

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? Seriously though, there must be a ceiling to rising rates that have all but extinguished a robust housing market. While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment.

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Housing Market Marketing Buyers Real Estate 36