Housing Wire

DECEMBER 21, 2022

.” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well. This explains why total active listing inventory data has been stable over the decades, with the exception of 2006-2011, when those forced distressed credit home sellers couldn’t buy.

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Inventory New Listings Housing Market Sellers 531

Housing Wire

MAY 3, 2024

As the spring selling season kicks off, many educated sellers know that buyers are experiencing spring fever and are tired of sitting on the fence watching home prices increase. In Denver in particular, new listings increased 29.12% month-over-month and 22.63% year-over-year.

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Housing Wire

OCTOBER 15, 2024

Some of this week’s inventory decline was helped by western Florida, which had a lot of withdrawn listings and very few new listings due to the two hurricanes. New listings tick up New listings ticked up to 63,000 plus 10,000 more immediate sales. That happened in the 2008 bubble burst.

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Inventory New Listings Sellers Marketing 505

Housing Wire

NOVEMBER 18, 2022

I didn’t have to worry about this in the previous expansion — as my long-term work stated for a decade, the years 2008-2019, would have the weakest housing recovery ever. Seasonal impacts are the norm with housing, and new listing data is negative 6% year to date. NAR lists the current inventory at 1.22

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Housing Wire

DECEMBER 7, 2022

These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22

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Housing Wire

AUGUST 30, 2022

This means all those men and women since 2012 who have been saying its housing 2008 all over again on their YouTube , Twitter, Facebook and other social media outlets simply don’t have the proper training to talk about housing economics. Case in point, purchase application data is already below 2008 levels today. million listings.

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Inventory New Listings Law Housing Market 397

Housing Wire

MAY 14, 2023

Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. Here’s a quick rundown of the last week: Total active listings grew 662 weekly, and new listing data is still trending at all-time lows. This doesn’t appear to be the case for 2023.

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Housing Market Marketing Inventory New Listings 488

Housing Wire

MARCH 22, 2024

In the nearby metro area of Cape Coral-Fort Myers , active single-family inventory over the previous 90 days averaged 6,500 listings as of March 15, above its March 2020 level of 5,044 listings and approaching its March 2019 level of 7,243 listings. Smith attributes the uptick in inventory to a bump in new listings.

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Insurance Inventory Marketing Real Estate 448

Housing Wire

FEBRUARY 16, 2023

There is one simple reason for this: it’s not 2008. However, the glaring difference today versus the recession of 2008, is that in 2007 the builders had to deal with over 4 million active listings as competition for their pricey new homes. The builders will pull back on construction when the supply is 6.5

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Housing Wire

APRIL 30, 2023

Weekly housing inventory Since new listing data was trending at all-time lows in 2023, some feared we wouldn’t see the typical spring inventory increase. After the last few weeks , we can put that fear aside: we are finally getting the seasonal increase in active listing. didn’t go into recession until 2008.

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Inventory Housing Market Marketing New Listings 525

Housing Wire

FEBRUARY 24, 2023

I wouldn’t read too much into the fact that this new home sales report beat estimates, but I would say that in the future, if mortgage rates get back toward 6%, the homebuilders have creative ways to sell their homes that the existing home seller might not be inclined to do. Here is a breakdown of the supply data: 1.2

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Inventory Construction Housing Market Mortgage 501

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. In the CNBC interview, I stressed that we do have one positive on the inventory side of things: we are seeing new listings data growth. This is a positive for housing in 2024 as most sellers are buyers. I call it an alligator chart opening its mouth, see below.

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Housing Wire

SEPTEMBER 19, 2023

It’s not unusual for a little jump in new listings in September. It shows obvious slowing demand, but is also a reflection of the fact that most of the year we had more buyers than sellers of residential real estate. It’s more than I expected a few weeks ago, but there’s still not a lot of new supply. What’s happening?

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Housing Market Marketing Inventory New Listings 476

Housing Wire

JANUARY 5, 2023

However, weeks after that call, the new listing data started to decline noticeably, which makes that call much harder to happen in 2023. However, I acknowledge that the housing dynamics have changed a lot since that forecast in June as new listing data declined. million in 2023. million for 2023. Housing recession.

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Housing Market Marketing Inventory New Listings 543

Housing Wire

FEBRUARY 27, 2024

If you’re an agent, team or brokerage looking to keep a pipeline of qualified listing leads coming your way, SmartZip may the solution you need. SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. Automated marketing: Yes.

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Advertising Real Estate Tools Sellers 459

Housing Wire

FEBRUARY 8, 2024

In comparison, Chicago has 1,545 listings. What we are telling sellers right now is that homes that are properly priced and well prepared are averaging seven to 15 days on the market, compared to an average of 31 days for the greater Peoria area.” Redfin found that the city’s median sales price was up 6.9% year over year to $122,900.

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Inventory Agents Housing Market Luxury Properties 468

Housing Wire

JANUARY 16, 2023

One of my biggest concerns for housing started at the end of June 2022: once mortgage rates got above 6%, the new listing data began to decline faster and earlier than normal. This is a problem for the existing home sales market since a traditional seller is usually also a buyer, so the lack of listing growth was a big hit to demand.

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Inventory Housing Market Marketing Mortgage 534

Housing Wire

AUGUST 1, 2023

The median price of the new listings this week is $399,900. As the summer progresses, each subsequent week of new listings gets priced at a slight discount to the previous weeks. During the GFC, inventory rose in 2007, 2008, 2009 and 2010. Sellers are in much better shape than they were last year.

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Inventory Contracts Buyers Mortgage 370

Will Springer Realtor

MAY 9, 2023

The chart (below) puts it in sharp focus: Except for the pandemic year of 2020 when there were 2559 new listings that April, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. Where are all the sellers? There are 1.7 on the Eastside.

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Lamacchia Realty

JANUARY 31, 2024

This is in spite of a decrease in new listings, and overall homes listed were at their lowest level since 2008 in South Florida. Buyer demand in this market specifically is strong, so the leveling of mortgage rates is excellent news for buyers battling with affordability concerns.

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Inventory Real Estate New Listings Realty 64

Empire Appraisal Group

JANUARY 4, 2023

Buyer demand has dropped due to rising rates, and seller supply slowed too, creating an uneasy balance. But if buyers drop or sellers expand more, it will impact prices. NEW YORK – The U.S. What Could Make Home Prices Drop in 2023? Source: What Could Make Home Prices Drop in 2023? Florida Realtors.

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Inventory Open Houses Sellers Real Estate 78

Lamacchia Realty

JANUARY 25, 2024

Sales in New Hampshire declined by 18.9% The drop in nearly 4,000 closings wasn’t just because buyers weren’t buying; they would, but many couldn’t because sellers weren’t selling. 2023 Sees the Lowest Number of Homes Listed in Twenty-Three Years Listings in 2023 experienced a substantial 15.1% Sales Decline by 18.9%

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Inventory Sellers Buyers Contracts 55

Lamacchia Realty

JULY 22, 2022

Homes Listed for Sale. There were 49,839 new active listings in the first half of 2022 compared to 53,823 last year , a 7.4% People will list if they need to make a move. New listings are an indicator of future pending sales, so with this number down we will likely see lower pending sales into the fall.

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Sellers Buyers Inventory Contracts 73

Lamacchia Realty

JANUARY 25, 2024

There were 71,149 homes listed on the market compared to 2022, which had 87,536. Sellers are sitting on their hands because although they may want to move, they’re hesitating to do so because they don’t want to trade in their pandemic-era rates. Therefore, we are in a market with the lowest amount of new listings since 1994.

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Inventory Sellers Contracts Buyers 73

Will Springer Realtor

OCTOBER 15, 2024

Further down the funnel are more engaged consumers applying for mortgages, followed by buyers and sellers reaching mutual agreement on a deal, and then happy homeowners moving in at the end of the funnel. Meantime, the number of contract listings – known as Pending sales – rose 6.1% The number of Active listings is another eye-opener.

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Housing Market Marketing Construction Buyers 68

Lamacchia Realty

JULY 26, 2023

Sales are down now due to major mortgage rate increases crushing buyer affordability, and sellers hesitating to list their homes because they don’t want to lose their low pandemic era rates. Listings are the lowest they have been in recorded history, click here to read our recent report (or see below in our Listings section).

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Sellers Inventory Buyers Real Estate 61

Lamacchia Realty

JANUARY 30, 2024

The more difficult it is to sell a condo, the longer the property will sit on the market, and eventually sellers will have to lower the list price to appeal to more buyers. This hesitancy, spanning two years, has resulted in the lowest number of new listings since 2008. Again, condos have had a rougher go of it.

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HOA Inventory Buyers Contracts 52

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% While there were 5.8% against the previous month.

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Finance Inventory Construction Buyers 68

Listing Spark

OCTOBER 13, 2022

What should buyers and sellers be doing right now? How the housing market affects the rest of the economy How to approach the current housing market as a seller Final advice for buyers in the current housing market Are buyers pulling out of contracts at the last minute? How to vet real estate agents as a seller.

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Housing Market Real Estate Marketing Buyers 36

Listing Spark

FEBRUARY 7, 2024

On the heels of the largest run up in home values in recorded history, we saw an abrupt and heavy shift that’s been challenging to grapple with for sellers and buyers. Days on market climbed, sellers’ became restless and our month’s supply of inventory finally started to grow. The only problem, nobody wanted a 7.5% in 2022 to 3.4

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Real Estate Sellers Home Value Inventory 36

Lamacchia Realty

JANUARY 28, 2022

Homes Listed – All of NH. New listings in 2021 followed a less treacherous trendline in 2021 than 2020 but still couldn’t quite keep up with pre-pandemic markets. decrease in the state of New Hampshire brought listings to 27,131 from 28,127 the previous year. Seller Resources. Cheshire moved 15.8%

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Contracts Buyers Inventory Real Estate 45

Will Springer Realtor

JANUARY 10, 2023

The number of new listings for all home types – single-family, townhomes and condos combined – in King (887) fell 47% from November and declined 36% from December 2021. The number of Pendings (1206) has fallen for five consecutive months and is the lowest of any month since December 2008 (1167). news publishers.

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Appraisal Today

JUNE 21, 2024

To read the listing, plus a video tour and 22 photos, Click Here An open letter to overpriced sellers And some fun memes ;> June 12, 2024 By Ryan Lundquist Excerpts: Yes, the above top image is a Xena Warrior Princess meme. We are seeing more new listings across the country, and it’s something we’re also seeing locally.

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Appraisal Architecture Contracts Design 71

Housing Wire

OCTOBER 23, 2024

To get a real price crash, we would need to see a surge of housing inventory and distressed sellers. Where I disagree with Yun is this: We have more inventory because demand has been softer, and we have more new listings this year compared to last. from August to a seasonally adjusted annual rate of 3.84 million in September.

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Mortgage Inventory New Listings Sellers 497

Listing Spark

DECEMBER 23, 2020

Across the major markets in Texas, our December real estate market update shows clear data points that we are ending the year in one of the strongest seller’s markets we have seen in modern history. . Median Sales Price: $270,000 (up 12%) Closed Sales: 9,660 (up 28.1%) Active Listings: 29,948 (down 27% from this time last year) 2.2

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Real Estate Marketing Inventory Modernization 36

Will Springer Realtor

MARCH 14, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

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Marketing Buyers Inventory Sellers 36

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. October figures from the Northwest Multiple Listing Service strongly suggest prospective buyers and sellers are taking a wait-and-see approach. New listings in King were off 26% month-to-month (1583) and Active listings were down 9.4% (2296).

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