Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The other focus should be where mortgage rates go; only a little happened last week. Also, the volume of active listings was higher in 2022 this week, even though we were working from a lower level.

Inventory 510

Inventory Housing Market Marketing New Listings 510

Housing Wire

MAY 14, 2023

Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. Here’s a quick rundown of the last week: Total active listings grew 662 weekly, and new listing data is still trending at all-time lows. This doesn’t appear to be the case for 2023.

Housing Market 419

Housing Market Marketing Inventory New Listings 419

Housing Wire

JUNE 11, 2023

After seeing disappointing inventory growth two weeks ago , which I chalked up to the Memorial Day holiday, I was hoping for a big push in active listings last week, but that didn’t happen. And, the recent uptick in mortgage rates to almost 7% slowed purchase application data again. Of course, we have a third story in this U.S.

Inventory 476

Inventory Housing Market Marketing New Listings 476

Housing Wire

JUNE 25, 2023

Mortgage rates were again in a small range, hanging near 7%. However, the real positive story here is that even with new listing data trending at an all-time low, we are getting the growth in active listings we traditionally see in the spring and summer. Purchase apps had a small week-to-week gain.

Inventory 404

Inventory Housing Market Marketing New Listings 404

Housing Wire

JUNE 18, 2023

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Active housing inventory grew while new listing data fell. Mortgage rates hardly budged last week, even with the Federal Reserve ‘s announcement it was pausing rate hikes and CPI inflation reports.

Housing Market 451

Housing Market Marketing Inventory New Listings 451

Housing Wire

MAY 6, 2024

As mortgage rates stay elevated and the number of unsold homes on the market grows — especially in the South — the leading indicators for future home sales prices continue to be softer than the current headlines suggest. That can change if mortgage rates fall dramatically, but the current trends show weakening home prices, not strengthening.

Inventory 392

Inventory Contracts Sellers New Listings 392

Housing Wire

OCTOBER 4, 2021

The report – which is compiled using data sourced from more than 150 residential mortgage lenders – found that one in 12 borrowers saw “significant home equity growth” in the third quarter. There is still ample opportunity in the market for lenders to rope in refi business, according to a quarterly report published Monday by Sales Boomerang.

Insurance 414

Insurance New Listings Mortgage Development 414

D Fritz Appraisals

MAY 21, 2021

The Mortgage Stress Test will be increasing as of June 1, 2021. Under the new requirements set by the Office of the Superintendent of Financial Institutions (OSFI), uninsured mortgages will increase to a qualifying benchmark rate of 5.25%. The Mortgage Stress Test Rollercoaster. Why is the Mortgage Stress Test Increasing?

Mortgage 133

Mortgage Real Estate Insurance Renovations 133

Housing Wire

MAY 2, 2022

As a result, markets were quick to respond, driving mortgage spreads and rates much higher than most experts expected by this time of year. At over 5%, mortgage rates are now the highest they have been since 2010. Mortgage rates should hover around 5%, but there may be more oscillation than we have seen recently.

Housing Market 381

Housing Market Marketing Buyers Inventory 381

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. An increase in active inventory as well as new listings is great news for buyers!

New Listings 53

New Listings Real Estate Inventory Sellers 53

Lamacchia Realty

NOVEMBER 27, 2023

october 2023 south florida housing report Broward County In October of 2023, Broward County single-family homes saw a decrease in closed sales, but increases in new listings, pending sales, and average price. Condos/townhomes saw increases in average price and new listings but decreases in pending and closed sales.

New Listings 50

New Listings Sellers Real Estate Inventory 50

Lamacchia Realty

JANUARY 24, 2024

December 2023 south florida housing report Broward County In December of 2023, Broward County single-family homes saw no changes in the number of homes sold, increases in average price, and new listings, but a decrease in pending sales. New listings in all three counties for both single families and condos/townhomes increased as well.

New Listings 36

New Listings Sellers Real Estate Buyers 36

Lamacchia Realty

JANUARY 31, 2024

This is in spite of a decrease in new listings, and overall homes listed were at their lowest level since 2008 in South Florida. Home sales should increase, especially if mortgage rates continue to trend downward or stay as they are now.

Inventory 59

Inventory Real Estate New Listings Realty 59

Lamacchia Realty

MARCH 28, 2023

New listings and pending sales are also down year over year as many sellers are hesitating to put their homes on the market, so less homes are being placed under contract and inevitably less homes are closing. Most sellers are hesitating to list because they have a low, pandemic era mortgage rate.

New Listings 56

New Listings Sellers HOA Buyers 56

Housing Wire

APRIL 22, 2024

The goal of this type of letter is to promote a new listing in the neighborhood, to position yourself as the expert by providing information about the listing, and to find more business. If you want to think outside the box, consider partnering with an ambitious insurance agent who offers both rent and homeowners insurance.

Real Estate 334

Real Estate Open Houses Brokerage Real Estate Agent 334

Lamacchia Realty

JANUARY 30, 2024

And some are not able to sustain the rising HOA fees and insurance rates. 2023 Sees the Lowest Number of Homes Listed in Fifteen Years There was a 10% decrease in the number of new listings compared to 2022, with 113,883 homes listed in South Florida, down from 126,545.

HOA 49

HOA Inventory Buyers Contracts 49

Lamacchia Realty

JULY 26, 2023

This is partially because last year’s decline was due to the inability of keeping up with the Covid-era frenzy, and this year is largely due to the increased rates, but also extreme weather has been a deterrent not only for buyers but also for insurance companies , making the purchase process more difficult.

Inventory 54

Inventory Sellers Buyers Real Estate 54

Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. Buyers and sellers tiptoed through caution. How can we forecast years out?

Real Estate 68

Real Estate Buyers Sellers Inventory 68

Listing Spark

OCTOBER 13, 2022

New listings are down 6%, so there are less homes coming onto the market than there were this time last year. Nationally active listings are up 26.9%. 00:11:25] What new listings can teach us about the state of the housing market. New home listings have dropped by 10% nationally.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Will Springer Realtor

AUGUST 9, 2022

RECESSIONS AND MORTGAGE RATES Recent data and the traditional definition show we are now in a recession even though there is debate among economic and political folks. this chart shows, each time the economy slowed significantly, mortgage rates declined. In fact, rates have fallen by an average of 1.1

Inventory 36

Inventory Buyers New Listings Construction 36

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. When you raise [mortgage] rates to the point they’re at today, it breaks the back of housing.”.

Housing Market 36

Housing Market Marketing Buyers Real Estate 36

Will Springer Realtor

FEBRUARY 9, 2022

“That’s a triple whammy hitting potential homebuyers,” notes Len Kiefer, deputy chief economist at Freddie Mac, which buys many of our mortgage loans from lenders. People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. The new fees will take effect on April 1. “As

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

OCTOBER 11, 2023

First a look at September’s numbers: A wave of last-chance listings for the year hit the market after Labor Day. That increased new listings by 7.5% (2884 units) and available homes on the market by 12% (3602) from Sept. Seattle alone saw a 29% (1213) monthly increase in new listings.

Law 36

Law Development Design Government 36

Will Springer Realtor

SEPTEMBER 12, 2023

New owners here spend an average of $232.5K on first-year costs, including a 20% down payment, closing costs, monthly mortgage, insurance and property taxes. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. fewer new listings, the number of sales rose 1.7%

Sellers 36

Sellers Development Retail Real Estate 36

Will Springer Realtor

JULY 13, 2023

The ongoing decline in residential lending has been fueled by higher mortgage interest rates and consumer price inflation. >> Seattle is rated the 11 th -best place to raise a family in the U.S., The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4%

Construction 36

Construction Supply Chain Real Estate Development 36

Will Springer Realtor

MAY 12, 2021

Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. An insurance company offered a good example of just how bad it has gotten.

Real Estate 36

Real Estate Inventory Buyers Construction 36