Housing Wire

JANUARY 29, 2024

2023 was the weirdest real estate market on record. We played mortgage rate ping-pong, had unprecedented low levels of inventory and still there were escalating prices. Always ask who they know who could use your help buying or selling real estate. All this happened, but you survived it, so go you!

Real Estate Agent 435

Real Estate Agent Real Estate Agents Inventory 435

Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

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Inventory New Listings Housing Market Mortgage 506

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today.

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Inventory Marketing Mortgage Supply Chain 397

Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. This can lead to longer listing times and increased competition for affordable homes, particularly if inventory is tight.

Real Estate 437

Real Estate Agents Marketing Sellers 437

Housing Wire

APRIL 22, 2024

Check out these nine downloadable real estate prospecting letter templates to help you make an impression in your neighborhood or zip code. My name is (your name), and I’m a licensed real estate professional with (your brokerage). Please think of me as your go-to resource for all things real estate.

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Real Estate Open Houses Brokerage Real Estate Agent 351

Housing Wire

JANUARY 30, 2023

Here’s the housing market rundown for the last week: Purchase application data showed positive weekly growth again — and the bounce from the bottom is more noticeable now. Housing inventory decreased by 6,468 units, a more pronounced decline from the previous week. However, it has now fallen again, and inventory decreased by 6,468.

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Inventory Housing Market Marketing Mortgage 495

Housing Wire

MARCH 13, 2024

Real estate is a vibrant, dynamic and competitive industry. Across the country, the best real estate coaches serve as valuable mentors who can help agents and brokers achieve the success they deserve. “It’s A quick internet search will prove that real estate coaching programs are plentiful. Ventures 1.

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Real Estate Real Estate Agent Agents Training 431

Housing Wire

MARCH 28, 2024

The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. Regularly update content, share valuable insights about the local market, and interact with potential clients.

Real Estate Agent 376

Real Estate Agent Real Estate Agents Clients 376

Housing Wire

FEBRUARY 18, 2021

The stock market is a funny game. Not the kind of game that the rookie Game Stop investors are used to playing, but a real-life, action-packed, form of entertainment that toys with millions of Americans’ emotions and finances every day. Investing in real estate. More for Real Estate Enthusiasts.

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Real Estate Investing Marketing Home Value 527

Housing Wire

SEPTEMBER 16, 2023

What’s going on with housing inventory ? In reality, the volatility in housing inventory is due to the Labor Day holiday, the start of school and the fact that new listings are trending at the lowest levels ever. Weekly housing inventory Some of the volatility with new listings data has also hit the active listings data.

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Inventory New Listings Housing Market Mortgage 479

Housing Wire

MARCH 30, 2023

But while rates have dropped, the housing market has continued to be challenged by low inventory levels. Altos Research data shows that the weekly inventory fell from 414,278 on March 17 to 413,169 on March 24. Mortgage rates declined for the third consecutive week, sparking hope for a good homebuyers’ spring season.

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Inventory Housing Market Marketing Mortgage 519

Housing Wire

MARCH 22, 2024

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. While marketing to your sphere of influence, networking, and direct mail campaigns work, they can be time-consuming and they don’t always yield quick results.

Real Estate 391

Real Estate Sellers Real Estate Agent Tools 391

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Let’s dive into the trend lines of the housing market. The show-me part of the housing market starts with this bounce from an extreme bottom. This week inventory fell 8,664 units from the previous week.

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Inventory Housing Market Marketing New Listings 456

Housing Wire

MAY 27, 2021

A real estate agent at Compass Florida in Coconut Grove, Schechter has 12 years of experience in the real estate industry, so he’s familiar with its cyclical ups and downs. But today’s housing market has forced him to pivot to remain successful. This market is like nothing we’ve ever seen,” he said. “In

Real Estate Agent 473

Real Estate Agent Real Estate Housing Market Agents 473

Housing Wire

DECEMBER 3, 2020

Even prior to the pandemic , housing inventory had hit record lows, and the problem has only gotten worse as demand continues to rise. Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market.

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Inventory Housing Market Marketing New Listings 546

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. This is what I call a supply-constrained market. “In The perplexing part: Why are home prices not declining in this environment?

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Inventory Renovations Real Estate Government 463

Sacramento Appraisal Blog

AUGUST 15, 2022

The myth of six months of inventory being normal and dipping prices. UPCOMING (PUBLIC) SPEAKING GIGS: 8/25/22 State of Housing Brunch & Learn (sign up (for real estate community)) 9/08/22 SAFE Credit Union Market Update (details TBD) 9/15/22 Market update […]. Let’s talk about two things today.

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Inventory Real Estate Marketing Housing Market 397

Appraisal Buzz

APRIL 3, 2024

over the next 12 months, according to Veros Real Estate Solutions quarterly VeroFORECAST report. Driving the increase is low housing inventory and resilient demand despite elevated mortgage rates, the firm says. The 10 strongest performing markets, poised for appreciation between 6%-7.5% Grand Rapids, Mich.; Topeka, Kan.;

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Inventory Real Estate Mortgage Appraisal 284

Housing Wire

MAY 18, 2021

. “I started as an agent up here in 2009, and I’ve been saying since then the only thing that would slow down the market would be some sort of national or international event,” said Pullin, a managing broker at Skyline Properties. But when inventory dropped to a third of its normal amount, everything changed.

Real Estate 439

Real Estate Marketing Real Estate Agent Agents 439

Sacramento Appraisal Blog

JANUARY 4, 2024

What’s the housing market going to do in 2024? UPCOMING (PUBLIC) SPEAKING GIGS: 01/12/24 Prime Real Estate (private event (I think)) 01/17/24 Gateway Event (private) 01/30/24 Joel Wright & Mike Gobbi Event 9am (on Zoom here) 2/09/24 […] The post Real estate trends to watch in 2024 first appeared on Sacramento Appraisal Blog.

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Real Estate Housing Market Appraisal Marketing 325

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. The number of homes “held off market” – second homes, vacation homes and others that are neither for-sale, for-rent or occupied – shrank.

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Inventory Sellers Mortgage Marketing 409

Housing Wire

OCTOBER 8, 2021

Renovated Inventory to the Rescue. Top Markets for Renovated Inventory. cities with at least 75 renovated property resales in the last three years, those with the most inventory of renovated homes were Chicago, Las Vegas, Jacksonville (Florida), Memphis, and Cincinnati. Among 75 U.S. in Cincinnati to 4.4 in Las Vegas.

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Renovations Inventory Marketing Property Taxes 542

Housing Wire

SEPTEMBER 10, 2023

Last week we saw a noticeable decline in new listings and active inventory was barely positive. Does this mean housing inventory has begun its seasonal decline? That said, I hope we extend inventory growth longer before the seasonal decline. Here are the numbers, according to Altos Research : Weekly inventory change (Sept.

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Inventory New Listings Retail Mortgage 477

Housing Wire

OCTOBER 24, 2022

In May, I wrote about the signs to watch for a real estate market slowdown. It’s now October, we’ve had the biggest spike in mortgage rates we’ve seen in decades, and all the signs of a slowdown are here: Inventory is rising. We could measure this change because inventory stopped rising nationally during those months.

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Real Estate Marketing Inventory Sellers 320

Housing Wire

DECEMBER 27, 2023

In the nearly two months since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, Jason Posnick has fielded a lot of questions about commissions and cooperative compensation from clients. It has been cool to hear that.

Real Estate Agent 430

Real Estate Agent Real Estate Agents Clients 430

Housing Wire

NOVEMBER 2, 2023

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. These providers offer a rapid and cost-effective means for real estate agents to gather a list of potential clients and ultimately boost sales.

Real Estate 375

Real Estate Real Estate Agent Tools Agents 375

Sacramento Appraisal Blog

JANUARY 3, 2023

What’s the real estate market going to do in 2023? UPCOMING (PUBLIC) SPEAKING GIGS: 1/12/23 McKissock Webinar (register here) 1/18/23 WCR Market Update in Cameron Park (register here) 1/19/23 Big market update at SAR on Zoom (register here) 1/20/23 […]. Scroll quickly or digest slowly.

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Real Estate Appraisal Marketing Inventory 394

Housing Wire

AUGUST 31, 2023

Adam Wiener, Redfin ’s president of real estate services, is leaving the brokerage after nearly 16 years of service, CEO Glenn Kelman announced in an email sent to employees on Tuesday. He then went on to run the partner program, analytics, marketing and a variety of new businesses.

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Real Estate Brokerage Insurance Tools 381

Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. Once that happens, I can finally take the savagely unhealthy housing market theme off my talking points. What does this mean? million to 1.93

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Inventory New Listings Housing Market Sellers 522

Housing Wire

DECEMBER 7, 2023

As the real estate market continues to grapple with high interest rates and low inventory, agents entering the market are looking for affordable client relationship management (CRM) tools that offer a cost-effective means to automate and manage client interactions.

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Real Estate Real Estate Agent Tools Agents 393

Housing Wire

JULY 5, 2023

Gerli cites data from a company called AllTheRooms to make the case that the Airbnb /short-term rental market is “crashing” and it will have a big impact on inventory. A nearly 50% drop in revenue in some markets! Revenue per listing is down, but it’s not down by a third or more in those markets, according to AirDNA.

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Inventory Housing Market Marketing Sellers 396

Housing Wire

NOVEMBER 13, 2023

In a still-competitive housing market, more well-off home buyers were able to have their bids accepted by offering larger down payments and even by paying cash.” Despite affordability hurdles, first-time homebuyers “tiptoed back into the market with less competition and fewer multiple-offer scenarios,” Lautz said.

Real Estate Agent 376

Real Estate Agent Real Estate Agents Sellers 376

Housing Wire

DECEMBER 6, 2023

Real estate transactions are rarely stress-free. This holds true for many of the most challenging situations in real estate. Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. Even better?

Real Estate 401

Real Estate Legal Tenants Clients 401

Housing Wire

AUGUST 20, 2023

Last week, mortgage rates hit a 21st-century high, the 10-year yield closed slightly higher than my peak forecast for 2023 , and housing inventory growth was still slow. Weekly housing inventory Mortgage rates have been near or above 7% for the last few months, and active listings growth has been slow during this tenure.

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Inventory Mortgage New Listings Sellers 369

Housing Wire

APRIL 24, 2024

It is unsurprising, then, that Texas has seen a boom in new real estate brokerage offices in the past five years. High mortgage rates may be here to stay for longer than expected compared to earlier in the year, making it essential for brokerages to gain share amid squeezed inventory levels. Houston ranks fourth with 2.3

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Brokerage Realty Marketing Real Estate 351

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

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Inventory Marketing Business Buyers 344

Housing Wire

MAY 31, 2021

It’s no secret the housing market has seen a surge in the last year. And while housing demand is booming, the industry is still struggling with low inventory. The two companies featured in this section offer platforms that leverage technology so real estate professionals can provide excellent customer service.

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Real Estate Inventory Clients Technology 355