Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. of homes that went under contract that month, according to a new report from Redfin. The average interest rate on a 30-year-fixed mortgage was 7.07% in August. Year-over-year new listings were down 14.4%.

Buyers 416

Buyers Mortgage New Listings Real Estate Agent 416

Housing Wire

NOVEMBER 4, 2023

After mortgage rates spiked to 8% in October, causing a riot in the real estate industry, we had an epic move lower in mortgage rates last week. Does this mean we’ve hit the peak in mortgage rates for this economic cycle? Three of the four labor reports were softer than anticipated on jobs week.

Mortgage 487

Mortgage Inventory New Listings Real Estate 487

Housing Wire

MARCH 12, 2021

Real Estate Exchange (REX) filed an antitrust lawsuit Tuesday in federal court against Zillow , accusing the company of anticompetitive behavior related to showing certain homes on its platform. Real Estate Tech Demo Hour. Tune in March 16th to experience demos from the most innovative real estate technology solutions.

Real Estate 479

Real Estate Brokerage Realtors Real Estate Agent 479

Housing Wire

NOVEMBER 30, 2021

real estate?market Mortgage rates? business as a real?estate?professional. Finding out that Chicago’s real estate market could still skyrocket a double-digit percentage?is Studying listing information for the current year and comparing with past years?—?list?prices,?new a stellar real estate team.

Real Estate 440

Real Estate Agents Real Estate Agent Business 440

Housing Wire

MARCH 6, 2024

Housing professionals already know that high mortgage rates are bad for business. But with mortgage rates ascending past 7% according to HousingWire’s Mortgage Rates Center , those hopes have so far been dashed in 2024. Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates.

Mortgage 422

Mortgage Sellers New Listings Buyers 422

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 520

Mortgage Inventory New Listings Sellers 520

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. The price of new listings is dropping. More homes are taking price reductions.

Real Estate 323

Real Estate Marketing Inventory Sellers 323

Housing Wire

DECEMBER 30, 2023

Looking back on 2023, the inventory story was a big surprise even as mortgage rates headed toward 8%, as the data below will show. This didn’t happen once in 2023 — even with rising mortgage rates. What we want to see in 2024 is new listing data growing in the spring season. Weekly inventory change (Dec.

Inventory 511

Inventory New Listings Housing Market Mortgage 511

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.

Inventory 397

Inventory Marketing Mortgage Supply Chain 397

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 active listings rose by only 4,401. Mortgage rates went from 7.19%% to 7.37%. Purchase application data didn’t budge much on the week-to-week data.

Inventory 370

Inventory Mortgage New Listings Sellers 370

Housing Wire

APRIL 26, 2023

Higher mortgage rates did not scare away potential homeowners last week. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. The latest Mortgage Bankers Association (MBA) report confirms Stone’s perceptions.

Mortgage 397

Mortgage Loan Officers New Listings Government 397

Housing Wire

MAY 3, 2024

Thanks to high mortgage rates , mortgage refinance rates, and even higher home prices , the vibe among homebuyers has been fairly bleak these past couple months. To that I say, timing is everything in real estate. In Denver in particular, new listings increased 29.12% month-over-month and 22.63% year-over-year.

Inventory 350

Inventory Lending Real Estate Housing Market 350

Sacramento Appraisal Blog

OCTOBER 9, 2023

This is a really important topic, and some of it feels a bit technical because it’s about understanding new listings vs active listings. Anyway, let’s be on the […] The post Are we finally starting to see more listings? first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

New Listings 298

New Listings Real Estate Appraisal Housing Market 298

Housing Wire

SEPTEMBER 22, 2023

Soaring mortgage rates and home prices are continuing to dampen affordability for homebuyers. 17, according to a new report from Redfin. Combined with elevated mortgage rates, monthly housing payments are at an all-time high. 17, total active listings were at 806,701, down 16.2% New listings are down 6.7%

New Listings 451

New Listings Inventory Buyers Mortgage 451

Housing Wire

SEPTEMBER 16, 2023

The last four weeks of new listings data have been the most volatile since mortgage rates breached 6% in 2022. One week, we had the biggest decline in new listings data all year, which might indicate Americans are giving up on listing their homes. What’s going on with housing inventory ?

Inventory 485

Inventory New Listings Housing Market Mortgage 485

Housing Wire

SEPTEMBER 30, 2020

There were nine new pending contracts for every 10 new listings, a slower rate than the 9.9 Stern said that his team remains busy not only due to pent-up demand but also because of Utah’s low unemployment rate and low mortgage rates driving migration to Salt Lake City. Over the last four weeks ending on Sept.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

AUGUST 30, 2023

As long as mortgage rates stay near 23-year highs, Mohtashami believes we will see softness in data. The recent move lower in rates is a good thing for housing “The American public just isn’t into the Fed’s housing policy,” he said on CNBC, in reference to homeowners who are not listing their property on the market.

New Listings 433

New Listings Inventory Housing Market Mortgage 433

Housing Wire

FEBRUARY 23, 2023

The mortgage industry has been on a roller coaster ride this year due to a resilient economy. In the span of a month, mortgage rates shot up near 7% after dropping to the low 6%-levels. “The The 30-year fixed-rate mortgage rose again to 6.5% Our research shows that rate dispersion increases as mortgage rates trend up.

Mortgage 384

Mortgage New Listings Housing Market Buyers 384

Housing Wire

SEPTEMBER 10, 2023

Last week we saw a noticeable decline in new listings and active inventory was barely positive. New listing data is getting interesting: two weeks ago, we had a noticeable decline from the trend and then a weekly rebound. Does this mean housing inventory has begun its seasonal decline?

Inventory 490

Inventory New Listings Retail Mortgage 490

Housing Wire

APRIL 19, 2024

High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market. A surge in new listings of luxury homes was not enough to curb the price growth associated with rising demand. New listings of luxury homes soared 18.5% During the three months ending Feb.

Luxury Properties 447

Luxury Properties New Listings Buyers Housing Market 447

Housing Wire

MAY 30, 2023

Low inventory , maintained by an extremely low level of new listings coming onto the market, has fueled demand amongst the few buyers who can afford to stay shopping. The average rate in March on a 30-year-fixed rate mortgage in March was 6.54%, with the rate dropping to 6.34% in April.

Mortgage 406

Mortgage Inventory Construction New Listings 406

Movoto

MARCH 8, 2024

To make the most of your homeownership journey, it’s essential that you pay close attention to the latest data, news, and concepts that are affecting real estate today. That’s why we’re introducing The Home Stretch, a monthly real estate roundup to help you make informed moves. the “spread.”

Real Estate 36

Real Estate Inventory New Listings Realtors 36

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. Redfin : Realtor.com : Altos Research : Clearly, we are seeing a slowdown in new listings as the data has been negative now for months. What does this mean?

Inventory 522

Inventory New Listings Housing Market Sellers 522

Housing Wire

DECEMBER 21, 2022

From NAR : “In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” said NAR Chief Economist Lawrence Yun. Mortgage rates spiked in March, and then the new listing data started to decline at the end of June.

Inventory 525

Inventory New Listings Housing Market Sellers 525

Housing Wire

AUGUST 2, 2023

HousingWire Lead Analyst Logan Mohtashami appeared on CNBC ‘s Worldwide Exchange on Wednesday to talk about the health of the housing market , explaining the effect of high mortgage rates and low inventory on existing home sales. He also discussed Fitch ‘s downgrade of the U.S. credit rating and its affect on the housing market.

Housing Market 329

Housing Market New Listings Inventory Marketing 329

Housing Wire

APRIL 25, 2024

If you want to thrive this year, choosing the right real estate apps is crucial. To help, we reviewed hundreds of options to put together this list of the best real estate apps for 2024.

Real Estate 384

Real Estate Agents Open Houses Tools 384

Housing Wire

JULY 29, 2022

metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market. Table 1, below, reports the 10 hottest U.S.

Housing Market 408

Housing Market Sellers Marketing New Listings 408

Housing Wire

JULY 28, 2023

High mortgages and stubbornly elevated home prices are worsening the housing affordability crisis. starter” home, up 13% from a year ago, according to a new report from Redfin. Average mortgage rates hit 6.7% It is not enough to make up for the jump in monthly mortgage payments and higher home prices. wages have risen 4.4%

Buyers 370

Buyers Housing Market Investors Real Estate 370

Housing Wire

APRIL 5, 2022

Home price appreciation in February climbed 20% over the previous year, marking the 12th month of consecutive double-digit gains , according to figures released Tuesday by real estate analytics firm CoreLogic. But CoreLogic expects those types of gains to slow and level out at about 5% in the next 12 months.

Sellers 458

Sellers Inventory New Listings Real Estate 458

Housing Wire

MAY 28, 2021

“We are seeing a typical late-spring slowdown in new listings and pending sales, but prices don’t typically peak until late August, and their growth remains completely unhinged,” said Daryl Fairweather, Redfin’s chief economist. ” How real estate agents can alleviate consumer pain points in a tight market.

Buyers 421

Buyers Real Estate Agent Real Estate Inventory 421

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. However, we are going to see if 6% mortgage rates are good enough to create some growth in the future or if the housing market needs rates near 5%. Let’s dive into the trend lines of the housing market.

Inventory 462

Inventory Housing Market Marketing New Listings 462

Housing Wire

MARCH 15, 2024

Mortgage demand has been on the rise for two weeks in a row. 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 rose 20% from January, and each of the 50 largest U.S.

New Listings 467

New Listings Inventory Home Value Contracts 467

Listing Spark

JUNE 16, 2023

In this episode of Real Estate Real Fast, Aaron Jistel, the co-founder of ListingSpark and an experienced real estate broker, provides a comprehensive overview of the current state of the Texas real estate market. Listen to the full episode for Spring 2023 trends in the Texas Real Estate Market.

Real Estate 36

Real Estate Marketing Inventory Sellers 36

Housing Wire

JANUARY 20, 2023

December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates,” Lawrence Yun, NAR’s chief economist, said in a statement. However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.” A total of 5.03

Inventory 370

Inventory Housing Market Realtors Buyers 370

Housing Wire

AUGUST 27, 2020

in July, the third consecutive month of gains, fueled by low mortgage rates and unprecedented demand from consumers. Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. pending home sales rose 5.9% 9% and in the West the gain was 6.8%, the report said.

Contracts 485

Contracts Realtors New Listings Real Estate 485

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. Selma Happ, the chief economist at CoreLogic , said transaction data suggests that existing home sales are leveling off despite the uptick in mortgage rates. Existing-home sales dropped 4.1%

Inventory 404

Inventory Realtors New Listings Contracts 404

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.

New Listings 430

New Listings Realtors Real Estate Inventory 430