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A key home price metric has skyrocketed since 2019

Housing Wire

She advises agents to help their clients focus on comparable listings. The median list price can fluctuate even if the market is stable,” McLaughlin added. For instance, an increased share of smaller homes on the market could lower the median list price without affecting the overall value of homes.” from May 2019 to May 2024.

Agents 523
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Interest rates plague Illinois agents and housing market

Housing Wire

As of June 14, the state had a 90-day average of 10,393 single-family active listings on the market. That was down from 49,473 active single-family listings in June 2019, and only slightly better than the all-time low of 9,570 active single-family listings set in late April 2022, according to data from Altos Research.

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Working with buyers in the nation’s hottest housing market

Housing Wire

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap.

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The U.S. rental market to gain in importance as the for-sale market remains challenging

Housing Wire

For agents, staying informed about these developments is essential for strategic decision-making and client guidance in the coming year and beyond. Plus, seeking the most efficient tools to service this segment and help create income while the for-sale market remains challenged and provides less opportunities.

Marketing 501
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Rising insurance costs, ample inventory create a unique market in Southwest Florida

Housing Wire

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I There is also some pent-up desire to sell being released by a steadier interest rate environment and an overall slower market.

Insurance 448
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New Hampshire’s hot housing market has the state in crisis mode

Housing Wire

Known for its rural communities, quaint towns, scenic lakes and mountain vistas, New Hampshire is probably not where you would expect to find one of the nations hottest housing markets but the data says otherwise. 18, with a market action index score of 55.77. 18, with a market action index score of 55.77.

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The 2022 housing market: A tale of two halves

Housing Wire

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? By September, a full-fledged housing market recession had set in. The 2002 housing market has been a tale of two halves,” said Green. A mortgage rate lockdown freezes the housing market.