New Listings Return to 2019 Levels

Appraisal Buzz

” The post New Listings Return to 2019 Levels appeared first on DSNews. The post New Listings Return to 2019 Levels appeared first on Appraisal Buzz.

New Listings Suggest Shift in Housing Market

Appraisal Buzz

” The post New Listings Suggest Shift in Housing Market appeared first on theMReport.com. The post New Listings Suggest Shift in Housing Market appeared first on Appraisal Buzz.

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Both Inventory and New Listings on the Rise in August

Appraisal Buzz

While the market continues to favor sellers, 432,000 newly listed homes hit the market in August, with once-hotly-contested bidding wars cooling to close out Q3. The post Both Inventory and New Listings on the Rise in August appeared first on DSNews. The post Both Inventory and New Listings on the Rise in August appeared first on Appraisal Buzz.

Toronto home sales – what's happening?

Mortgagebroker News

Decline in new listings shows demand continues to outstrip supply

Housing inventory has never been lower

Housing Wire

The number of active listings hit an all-time low during the week ending November 28, according to a Redfin report published on Wednesday. I think more new listings will hit the market in the new year, but there will also be a long line of buyers who are queuing up right now.”.

10 Housing Predictions for 2022

Appraisal Buzz

A new analysis finds that higher rates will end stifle price growth, as new listings will hit a 10-year high in 2022. The post 10 Housing Predictions for 2022 appeared first on theMReport.com. The post 10 Housing Predictions for 2022 appeared first on Appraisal Buzz.

Fraser Valley posts robust September activity levels

Mortgagebroker News

The pace of new listings is still unable to keep up with demand

Fraser Valley posts a nine-month streak of sales growth

Mortgagebroker News

The market also saw its second-highest monthly volume of new listings on record

September Home Sales Stunted by Decline in Listings

Appraisal Buzz

New listings of homes for sale fell 9% from a year earlier, and closed home sales were down 5%. The post September Home Sales Stunted by Decline in Listings appeared first on theMReport.com.

Coming Soon: The Best Week for Homebuying

Appraisal Buzz

Researchers predict 2021’s most buyer friendly days, where they expect new listings to shoot up almost 18%. The post Coming Soon: The Best Week for Homebuying appeared first on theMReport.com. The post Coming Soon: The Best Week for Homebuying appeared first on Appraisal Buzz.

Housing Inventory Gets Boost From Smaller Homes

Appraisal Buzz

More smaller homes are being listed, injecting some much-needed supply into the nation’s housing market as new listings rose 6.5% in July. The post Housing Inventory Gets Boost From Smaller Homes appeared first on theMReport.com.

Relief in Sight for a Housing Market Short on Supply

Appraisal Buzz

A new study has found the gap between net new listings and the number of listings under contract is slowly narrowing, signaling an easing of home supply constraints.

Even with low inventory, expect a strong 2021 housing market

Housing Wire

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. The average list price for properties that sold rose 6.7%

Affordable Homes Are In Short Supply

Appraisal Buzz

According to HouseCanary, a real estate valuation brokerage whose team of economists regularly researches and reports industry trends, there were 287,468 new listings added to the market in September, a 14% decrease since September 2020.

Where Are The Affordable Homes?

Appraisal Buzz

According to HouseCanary, a real estate valuation brokerage whose team of economists regularly researches and reports industry trends, there were 287,468 new listings added to the market in September, a 14% decrease since September 2020.

Affordable Properties Remain Out of Reach

Appraisal Buzz

HouseCanary’s latest Market Pulse report, covering 22 listing-derived metrics and comparing data between July 2020 and July 2021, has found that the while the nation’s housing supply remains a detriment for the market, net new listings and the number of listings under contract shrinking is a positive sign that is rectifying itself.

Home Tours, Offers and Pending Sales Show ‘A Clear Slowdown From a Few Weeks Ago’

Appraisal Buzz

Although competition continues to drive up home prices, but home tours, offers and pending sales have slowed, according to a new report from Redfin.

Housing inventory is down 40%. Buyers are paying the price

Housing Wire

Instead of making up for the shortfall, new listings have slumped further in 2021. Year-over-year, new listing volumes were down 16% in January and 21% in February — amounting to a 125,000 deficit in inventory compared to the same time in 2020.

Here’s what is happening in local housing markets across the country

Housing Wire

According to a report produced by Douglas Elliman and real estate appraisal company Miller Samuel , single-family home listings sloped down 58% year-over-year in July 2021 to a paltry 20 total in the famous ski-resort town.

New interest from city dwellers raising home prices in rural areas

Housing Wire

Meanwhile, new listings in rural areas fell 14.2% In urban areas, new listings remained flat year over year. The post New interest from city dwellers raising home prices in rural areas appeared first on HousingWire.

Home sales are beginning to stall as buyers hit their limit

Housing Wire

from May to June, the largest drop at this time of year on record since at least 2012, according to a new Redfin study released this week. “In June we entered a new phase of the housing market,” Fairweather said. And the average sale-to-list ratio hit 102.6%

Buyers 428

Buyers showing renewed interest in condos

Housing Wire

above its asking price, that means it was listed for $301,872, said Daryl Fairweather, Redfin’s chief economist. At the same time, the number of condos for sale dropped 18% from a year earlier, while new listings were up 7.6%. Austin was followed by Rochester, New York (4.9%

Buyers 371

Still many refi opportunities out there, new report claims

Housing Wire

The analytics vendor also threw a bit of a wrench at predictions voiced by market experts that a home purchase boom is imminent in late 2021, with the firm finding a 24% quarter-over-quarter dip in “new listing” alerts.

Will a second lockdown cool off the red-hot Seattle housing market?

Housing Wire

Members of the MLS added 10,428 new listings to supply in October, up 24% from last year, but pending home sales were only at 11,039. In November, the state of Washington was placed in a second lockdown until Dec.

Insane lumber prices mean new homes cost $24K more

Housing Wire

The elevated price of lumber is adding approximately $24,000 to the price of a new home,” Fowke said. A Homesnap report said total new listings increased only.22% in December, while total sales increased 19.29%.

More than half of homes sold above asking price in May

Housing Wire

And 54% of homes sold above their asking price in May — another a record high, up from 26% a year ago, according to a new report from Redfin. The average sale-to-list ratio, a measure of how close homes are selling to their asking prices, hit a record high of 102.2%.

Fannie Mae cuts origination forecast for 2022

Housing Wire

The government sponsored enterprise remarked that the “supply of inventory [is] near historical lows and the pace of new listings [is] too low to sustain the current sales pace.”.

The housing market is losing steam

Housing Wire

Mortgage applications for new home purchases in June decreased 3% from May and 23.8% New single-family home sales were reported at a seasonally adjusted annual rate of 704,000 units in June, a decrease of 5% from May’s pace of 741,000.

Luxury home prices gain steam, but still lag behind gains of less expensive homes

Housing Wire

Both Phoenix and New Brunswick, New Jersey, followed closely behind at 9%. In terms of listings, San Francisco saw the greatest increase in new luxury listings in the last three months, up by 71.7% increase in listings.

Homebuilders struggle with supply-side bottlenecks

Housing Wire

Mortgage applications for new homes dropped 9% from January to February, but overall applications are still up 9.2% MBA’s homebuilder application survey showed new, single-family home sales running at a seasonally adjusted annual rate of 748,000 units in February 2021 – down 17.3%

Here’s the key to being an empowered real estate professional in 2022

Housing Wire

Studying listing information for the current year and comparing with past years?—?list?prices,?new new listings, sold listings, days on market, off-market listings?—?will Agents, you might have a new area of interest for prospective buyers.??. coming to the?end

Redfin: Bidding wars drop slightly in June

Housing Wire

An improving supply situation may also be making a difference, with new listings up 4% year over year — meaning more properties are hitting the market for buyers to bid on.

Insatiable demand drives July pending home sales up 15% annually

Housing Wire

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% in July, the third consecutive month of gains, fueled by low mortgage rates and unprecedented demand from consumers.

There’s no sign of the typical fall slowdown in home buying

Housing Wire

One-third of homes that went under contract had an accepted offer within one week of hitting the market, a new report from Redfin found. In addition, the number of homes that went under contract within two weeks of listing rose to 46% from 42% during the same period in 2020. Otherwise, I’m advising them to wait until the new year.”. Asking prices of newly listed homes also rose, reaching a median of $362,047, marking a 12% increase from a year ago.

Is housing market demand starting to weaken?

Housing Wire

Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. The only metro area that saw home sales decline was Rochester, New York (-3%).

Philadelphia Real Estate Market 2021: What Investors Can Expect

Mashvisor

New listings also went down by… Investor Blogs Top Locations Airbnb Market Analysis Pennsylvania Philadelphia PA Real Estate Data Traditional

NAR: Almost 50% of homes sold for more than list price

Housing Wire

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. The post NAR: Almost 50% of homes sold for more than list price appeared first on HousingWire.

Buyers are overpaying, but are there signs of a bubble?

Housing Wire

As proof of the impact of the country’s low inventory and high cost of building materials , new listings fell 16% – the second-largest decline on record since Redfin’s data began in 2012, only passed by the drop in April 2020. With the new rules of Non-QM 2.0

Buyers 428

Experts optimistic about home sales in 2021

Housing Wire

There is a high demand for housing and a great number of would-be buyers, and therefore sales should rise with more new listings,” Yun said. pending home sales dipped to the tune of 0.3% in December following a 2.6%

Redfin: Over half of buyers are going above asking price

Housing Wire

More than half of homes (51%) have sold above their listing price in the four week period ending May 23, 2021 — up from 26% one year ago, according to a recent study by Redfin. Real Estate Home listing prices MORTGAGE RATES over asking price averages Redfin

Buyers 364

Real Estate Exchange files antitrust suit against Zillow, NAR

Housing Wire

REX, an Austin-based real estate startup, said Zillow’s new listing layout, which includes tabs entitled “agent listings” and “other listings,” positions its listings in a “recessed obscured, and deceptive tab that consumers do not see.”

When it comes to home sales, August is the new May, keeping agents busy into the fall

Housing Wire

As new contract signings are outpacing new listings due to low inventory, properties sold typically within 26 days in the four weeks leading up to August 2, NAR said.

Agents 428

Rising costs, COVID cases dip builder confidence

Housing Wire

Despite robust housing demand and low mortgage rates, buyers are facing a dearth of new homes on the market, which is exacerbating affordability problems,” said NAHB Chairman Chuck Fowke, a custom home builder from Tampa, Florida. Homebuilder confidence in the U.S.