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 We have brought down expenses and continue to grow our agent count and inventory advantage,” Reffkin said.

Agents 377

Agents Brokerage Real Estate Clients 377

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. From the index : I know it seems strange, but existing home sales are falling, and the monthly supply of new homes is at 10.9 Housing inventory issue with no booming demand.

Inventory 383

Inventory New Listings Law Housing Market 383

Housing Wire

JULY 20, 2023

Mortgage rates dropped to 6.78% this week, the biggest weekly decline since mid-March, as investors digested a raft of mixed incoming economic data. To Ratiu, it is a clear signal that investors are still pricing a premium for the higher macro risk. Hence, the lower mortgage rates bring little relief to hopeful homebuyers.

Mortgage 301

Mortgage Construction Inventory Investors 301

Housing Wire

SEPTEMBER 22, 2022

Existing home sales have more legs to go lower, especially now that new listing data is falling. A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. million to 1.28

Inventory 447

Inventory Housing Market New Listings Mortgage 447

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. Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce.

Real Estate 350

Real Estate Open Houses Brokerage Real Estate Agent 350

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. Real estate investors are buying up a sizable chunk of today’s affordable homes. In June, the typical starter home sold for a record $243,000, up 2.1% Average mortgage rates hit 6.7%

Buyers 370

Buyers Housing Market Investors Real Estate 370

Housing Wire

APRIL 20, 2023

months’ worth of housing inventory in the U.S. If we are trending below 4 million — a possibility with new listing data trending at all-time lows — then we have much weaker demand than people think. NAR: Total housing inventory registered at the end of March was 980,000 units, up 1.0% Unsold inventory sits at a 2.6-month

Inventory 524

Inventory Housing Market Marketing New Listings 524

Housing Wire

JUNE 28, 2023

Roughly 80% of real estate investors surveyed are selling single-family homes at or above asking price after fully renovating the properties to make them habitable, according to a report from real estate marketplace New Western. is lacking about 320,000 listings valued at the affordable range for middle-income buyers.

Investors 356

Investors Housing Market Marketing Renovations 356

Housing Wire

AUGUST 7, 2023

As a result, the available inventory of homes for sale is slightly higher each week. With fewer transactions, inventory is building just a bit as we approach the end of the summer. When will inventory peak for the year? Inventory Inventory is still climbing just a bit each week as we approach the end of the season.

Inventory 295

Inventory New Listings Contracts Buyers 295

Housing Wire

JUNE 7, 2022

So few single-family homes are for sale in America that just two months of inventory is available across the top 100 metro areas in the country, a historic low. In markets like San Diego and Los Angeles, any listing under $3 million on average takes less than three months to sell.

Inventory 417

Inventory Housing Market Investors Sellers 417

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 391

Buyers Marketing Inventory Investors 391

Listing Spark

SEPTEMBER 30, 2020

In short, huge demand that inventory simply can’t keep up with. Homes are selling at such a feverish pace that active listings are plummeting across the board, further lowering our months of inventory available to buyers. We can withstand A LOT of inventory to hit the market and still be balanced. San Antonio.

Real Estate 69

Real Estate Marketing Inventory New Listings 69

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. At the end of 2023, many investors anticipated six rate cuts for the year. Last week, the U.S.

Mortgage 355

Mortgage New Listings Investors Housing Market 355

Housing Wire

JANUARY 29, 2024

High rates further exacerbated the national inventory shortage and contributed to the surge in home prices. of investors were anticipating the benchmark interest rate to remain the same after the FOMC meeting, according to the CME Group’s FedWatch tool. of investors have priced in a cut of at least a quarter point in March.

Mortgage 415

Mortgage Inventory Investors Housing Market 415

Listing Spark

JUNE 16, 2023

Focusing on major Texas metro areas like Austin, DFW, Houston, and San Antonio, Aaron discusses important trends and developments that homeowners, investors, and anyone interested in real estate should be aware of. However, a decrease in new listings is helping to stave off even higher inventory. That’s down 4.3%

Real Estate 36

Real Estate Marketing Inventory Sellers 36

Listing Spark

AUGUST 28, 2020

Austin: 10% Increase in Median Sales Price ($353,000) 21% Increase in closed sales (4,537) 3 day reduction in days on market (44 days 13% increase in new listings (4,767) 32% reduction in active listings and a 32% increase in pending sales Currently sitting at a staggeringly low 1.7 months of inventory.

Real Estate 69

Real Estate Marketing New Listings Inventory 69

Housing Wire

MARCH 14, 2022

More expensive money also meant fewer investors holding homes so inventory would climb too. The price of new listings continues to rise, which is a very bullish indicator for sales prices in the coming months. Inventory will inch up… but not much. Price appreciation slows, and homes take longer to sell.

Housing Market 462

Housing Market Marketing Inventory Investors 462

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 407

Housing Market Buyers Agents Marketing 407

Housing Wire

JANUARY 19, 2023

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. In other markets, including the Cleveland district, low inventory levels hindered home prices from dropping further.

Inventory 390

Inventory Housing Market Marketing Construction 390

Housing Wire

JUNE 22, 2023

I first used the term savagely unhealthy in March of 2022 because we had solid demand while inventory was at all-time lows. Credit channels and inventory channels both changed after 2010 because of the qualified mortgage laws and the 2005 bankruptcy reform laws. From NAR: Total housing inventory registered at the end of May was 1.08

Housing Market 514

Housing Market Marketing Inventory Law 514

Housing Wire

JULY 20, 2023

Even with mortgage rates near or above 7% for two months, we haven’t seen dramatic moves in the purchase application data or active and new listings data. The housing market has slowed and stabilized itself with higher rates, but the existing home sales market isn’t growing like the new home sales market. Inventory between 1.52-1.93

Marketing 339

Marketing Housing Market Inventory New Listings 339

Housing Wire

FEBRUARY 21, 2023

However, the second is that inventory is simply too low, with too many people chasing too few homes, which means too many bidding wars. The bidding wars you heard about this year weren’t because of record-breaking demand but because active listings are still near all-time lows. that don’t have inventory near 2019 levels.

Housing Market 405

Housing Market Marketing Inventory Buyers 405

Housing Wire

OCTOBER 21, 2022

year-over-year decline in existing home sales in September and total inventory has now fallen on back-to-back reports. 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.

Housing Market 289

Housing Market Inventory New Listings Mortgage 289

Listing Spark

NOVEMBER 6, 2023

Real estate markets across the country are normalizing, but the industry is still incredibly profitable for new and experienced property investors. However, finding specific properties is still a challenge for investors, even in these lucrative markets. The first barrier many investors encounter is finding properties.

Investors 36

Investors Investing Real Estate Agent Real Estate 36

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 423

Housing Market Inventory Contracts Marketing 423

Listing Spark

OCTOBER 13, 2022

There is more inventory available and home sales are down. months of inventory, well below a balanced market of 6 months of inventory. New listings are down 6%, so there are less homes coming onto the market than there were this time last year. If you’re an Austin home buyer, there is a lot of good news.

Housing Market 36

Housing Market Real Estate Marketing Buyers 36

Housing Wire

JULY 17, 2023

The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. By October 2022, it looked like 2023 would have rising inventory and falling home prices. Inventory has fallen all year. The peak of inventory for 2023 so far was the week of the New Year — that is insane.

Real Estate 296

Real Estate Marketing Inventory Contracts 296

Housing Wire

MAY 2, 2022

However, inventory of for-sale homes for sale continued to lag in prior years, and despite posting some seasonal increase, barely offered relief for frantic home buyers. Additionally, after a decline at the end of 2021, we continue to see elevated levels of investor activity in 2022. annual increase in February. Market considerations.

Housing Market 383

Housing Market Marketing Buyers Inventory 383

Appraisal Today

MARCH 8, 2024

From the subtle upturn in existing home sales to the moderated growth of new home sales and the looming shadow of rising mortgage rates, the market’s complexion is changing. Mortgage rates projected to rise further Stronger-than-expected inflation and jobs reports caused investors to scale back expectations for near-term Fed policy easing.

Appraisal 85

Appraisal Contracts Real Estate Housing Market 85

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. iBuyers: Collapse of iBuyers presents an opportunity for local investors.

Real Estate 36

Real Estate Marketing Home Value Inventory 36

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 47

New Listings Sellers Real Estate Inventory 47

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 south florida housing report July Highlights Mortgage rates and limited inventory continue to be the driving factors behind today’s real estate market data – specifically sticking out when looking at home sales and new listings which are both down across all counties and categories in South Florida.

New Listings 49

New Listings Inventory Real Estate Sellers 49

Will Springer Realtor

JANUARY 9, 2024

The 802 new listings in December was a low not seen since records were archived online from 1990. No other month has fallen below 1000 new listings in more than three decades of record keeping. No other month has fallen below 1000 new listings in more than three decades of record keeping. But by how much?

Housing Market 60

Housing Market Marketing Inventory Lending 60

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

Will Springer Realtor

JUNE 11, 2024

A snapshot through May shows an unheard-of 40% jump in for-sale listings (3880 units) from a month ago for all home types combined, according to the Northwest Multiple Listing Service. Every month this year has seen inventory growth. Single-family inventory stands at 1.3 Eastside inventory for single-family homes is 1.1

Buyers 52

Buyers Inventory Finance Housing Market 52

Will Springer Realtor

AUGUST 15, 2023

Mortgage rates are high, home prices are high, there’s no inventory.” The season has been shaped by slumping new listings, a slowly climbing number of homes sitting on the market from previous months, fewer closed sales compared to last year and prices moving plus/minus five percentage points year-on-year (YoY).

Sellers 58

Sellers Buyers New Listings Inventory 58

Will Springer Realtor

DECEMBER 12, 2023

The Eastside led the way with a 33% drop-off in new listings (420) and Seattle fell 31% (586). By comparison, there were exactly 2900 new listings across our county in November 20 years ago. Months of inventory for single-family homes was flat at 1.7 (or Inventory was at 1.9 A typical year will include 5.2M

Housing Market 41

Housing Market Marketing New Listings Buyers 41