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Housing inventory is roaring back to life. So why aren’t new listings?

Inman

Inventory is rising again, according to an analysis of housing data. But agents are still scrounging. Hundreds of brokers and agents shared what's working in the latest polling from Inman Intel.

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Compass CEO Reffkin: Fears over agent commissions ‘have simply not materialized’

Housing Wire

The brokerage claimed on its second-quarter 2024 earnings call that it’s experiencing virtually no changes in commissions despite the $418 million settlement agreed to by the National Association of Realtors (NAR) following a string of lawsuits related to buyer commission rules. “It or more.

Agents 430
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The health of this housing market: Comparing 2024 data to 2011

Housing Wire

The National Association of Realtors tracks the days on market, and unlike 2011, when it took over three months, the most recent existing home sales report shows only 24 days on market this year. In 2011, we had over 3 million active listings to start the year and today the NAR total active listings data is running at 1,128,000.

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The mortgage rate lock-in didn’t start in 2022

Housing Wire

After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. We see the same pattern in the new listings rate each week.

Mortgage 441
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Midwest housing markets good for first-time homebuyers: Zillow

Housing Wire

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. The increase in new listings this spring, due both to new construction and to more homeowners choosing to sell, will give buyers more options and help to ease price growth.

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‘Real Estate Insiders’ talk post-NAR settlement changes for major industry players

Housing Wire

Unemployment, job losses and foreclosures are going to drive new listings, more listings, lower prices, and more buyers come to bat.”

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Indiana markets are indicative of the Midwest regional housing boom

Housing Wire

Indianapolis-area Realtor Annie Caruso, a founding member of Circle Real Estate, had a buyer coming from the Chicago area for just these reasons. Markets in Indiana could see a burst of new activity because of mortgage rates. That’s led to a rise in new listings in Indianapolis as more homeowners are putting their houses on the market.

Marketing 430