Housing Wire

SEPTEMBER 12, 2024

That’s according to a Zillow report released Thursday in which the Seattle -based real estate company said that “lower mortgage rates and rising inventory are giving home buyers a window of opportunity at an unusual time of year.“ Buyers have more options to choose from for two reasons. Zillow noted that the U.S. 29 to Oct.

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Housing Market Marketing Inventory Buyers 478

Appraisal Buzz

JULY 24, 2024

Nearly two-thirds (64.7%) of homes on the market in June had been listed for at least 30 days without going under contract, according to a new report from Redfin, a technology-powered real estate brokerage. year-over-year, the largest annual rise in a year and the highest share for any June since 2020. This marks an increase from 59.6%

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Inventory Marketing HOA Contracts 433

Housing Wire

MAY 28, 2021

Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market. The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. But that’s not slowing down buyers.

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Housing Wire

MAY 28, 2024

There are more homes on the market now than anytime since August 2020. This number will probably peak at about 700,000 this summer, crossing over 2020 levels at that point. No one wants a scenario in which there’s a flood of sellers but no buyers. In a few weeks — probably early July — inventory is likely to surpass 2020 levels.

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Inventory New Listings Contracts Sellers 527

Housing Wire

APRIL 13, 2021

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. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”. Austin has ranked as the No.

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Housing Market Buyers Marketing Real Estate Agent 535

Appraisal Buzz

JULY 12, 2024

According to new Redfin research , a buyer on a $3,000 monthly budget may purchase a $447,750 house with a 6.85% mortgage rate, which is the daily average as of July 11. Now is a good time–at least compared to the recent past–for serious house hunters to get under contract on a home,” said Daryl Fairweather, Chief Economist at Redfin.

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Contracts Inventory Buyers Sellers 370

Housing Wire

APRIL 22, 2021

“I’m on my way with a client to show them a house that’s literally just gotten on the market, and by the time we get there, it’s already under contract with someone else,” she said. “We were able to build quite a bit in 2020. “It’s just insane. “But this is a great place to live.

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Buyers Inventory Renovations Realty 459

Housing Wire

MARCH 31, 2021

drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. Gradually increasing mortgage rates, heightened home prices and inventory levels at historic lows finally coalesced in February to depress in-contract deals. Tightened supply was largely responsible for a 10.6%

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Inventory Contracts Housing Market Buyers 511

Housing Wire

MARCH 28, 2024

The change enabled greater flexibility and choice for sellers when listing a property and gave buyers and buyers’ brokers a vehicle for negotiating for compensation when making an offer to purchase,“ NWMLS wrote in the filing. NWMLS counters that these rule changes increased transparency and removed the potential for steering.

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Sellers Contracts Buyers Realtors 388

Housing Wire

SEPTEMBER 3, 2024

But while falling interest rates are putting a floor on demand, there’s still no sign of any rush of buyers. We haven’t seen any uptick in buyer urgency, as measured by immediate sales. Pending home sales stay the same There were 64,000 new contracts pending this week for single-family homes. 76,000 total sales this week is 2.5%

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Inventory New Listings Contracts Buyers 389

Housing Wire

MAY 6, 2024

By the end of the summer, it looks like inventory will finally be back above 2020 levels. In the video above, you can see in the inventory chart how this year’s trajectory is climbing and looks like it’ll cross the 2020 levels by July. In fact 28,000 of these listings went into contract immediately, compared to 22,000 now.

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Inventory Contracts Sellers New Listings 449

Housing Wire

JANUARY 26, 2024

It was the largest monthly jump in pending home sales since 2020. For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. in December, up from 71.6 in November. year over year.

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Contracts Housing Market Construction Inventory 481

Housing Wire

JUNE 14, 2024

The first occurred in May 2020, when the lockdowns imposed during the COVID-19 pandemic brought in-person showings and sales to a halt. Buyers today are facing many of the realities of a hot market even though few homes are changing hands,” Redfin senior economist Elijah de la Campa said in the report. That was down 1.7% in May 2022.

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Sellers Buyers Contracts Brokerage 487

Housing Wire

FEBRUARY 16, 2024

The modified rule still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers,” the filing states. According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

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Sellers Buyers Real Estate Contracts 459

Housing Wire

OCTOBER 28, 2021

An index level of 100 is equal to the level of contract activity in 2001. Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity,” Lawrence Yun, NAR’s chief economist, said in a statement. The index dropped to 116.7

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Inventory Renovations Contracts Buyers 448

Housing Wire

SEPTEMBER 25, 2024

Home prices jump The median price of the homes that went into contract this week jumped to $389,900. It’s the second week in a row with an uptick in the price of the homes going into contract. Since 2020, the U.S. At that time, demand exploded, buyer competition was intense, there were bidding wars and sight-unseen purchases.

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Inventory New Listings Sellers Contracts 408

Housing Wire

MARCH 24, 2021

Refinance activity dropped to its slowest pace since September 2020 – down a full 5% – with declines in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. That’s coupled with a rise in mortgage rates , too.

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Mortgage Contracts Inventory Government 496

Housing Wire

NOVEMBER 11, 2020

“However, inadequate housing supply is putting upward pressure on home prices and is impacting affordability – especially for first-time buyers and lower-income buyers. The purchase market continued its recent slump, with the index decreasing for the sixth time in seven weeks to its lowest level since May 2020. from 11.1%

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Mortgage Contracts Buyers Marketing 493

Appraisal Buzz

AUGUST 5, 2024

During the second quarter of 2024, the demand for distressed properties at auction displayed strong performance initially but showed signs of decline in June, even as the supply of available auction properties continued to contract, according to Auction.com’s latest Auction Market Dispatch report. “The

Retail 273

Retail Renovations Inventory Contracts 273

Housing Wire

MARCH 25, 2024

I like to point out that consumers are more sensitive to changes in mortgage rates than to the absolute levels, and since rates are now basically unchanged for the month, just easing down from the early March peak of 7.2%, sellers and buyers are tip-toeing back into the market. Inventory will cross over 2020 levels by July.

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New Listings Inventory Contracts Sellers 506

Housing Wire

JANUARY 13, 2021

Booming refinance activity in the first full week of 2021 caused mortgage applications to surge to their highest level since March 2020, despite most mortgage rates in the survey rising last week,” Kan said. “This is a positive sign of more lower-income and first-time buyers returning to the market,” Kan said.

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Mortgage Contracts Government Buyers 514

Housing Wire

AUGUST 2, 2024

Auction.com , the nation’s largest online platform for distressed real estate sales, recently reported that demand for homes sold at auction began to decline late in the second quarter of 2024 even as the available supply of foreclosed homes also contracted.

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Inventory Retail Buyers Renovations 440

Housing Wire

JULY 14, 2021

drop in applications to the lowest level since January 2020. Overall inventory is still low, of course, but a cooling of the market could lead to more would-be buyers and an increase in mortgage applications soon, experts said. The prior week ‘s report showed a 1.8% from 61.6% the previous week.

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Mortgage Contracts Inventory Investors 521

Housing Wire

JUNE 9, 2021

Compared to last year, fewer people are applying for purchase mortgages, the MBA reported, as home prices continue to rise and prospective buyers avoid astronomical bidding wars. The average loan size on a purchase application edged down to $407,000, below the record $418,000 set in February — but still far above 2020’s average of $353,900.”

Mortgage 471

Mortgage Contracts Government Buyers 471

Housing Wire

SEPTEMBER 28, 2024

Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently. Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. Weekly inventory change (Sept.

Mortgage 511

Mortgage Inventory New Listings Contracts 511

Housing Wire

DECEMBER 2, 2021

During the four week period ending November 28, the number of active listings was a 23% decrease compared to the same time period in 2020 and a 42% drop compared to 2019. The number of new listings was also down compared to 2020, dropping 4%, but it was 12% higher than the number of new listing during the same time period in 2019.

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Inventory New Listings Contracts Housing Market 516

Housing Wire

JUNE 21, 2021

According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% You set your appointments the night before, and when you get there that morning, they might already be under contract.” How 2020 is still shaping the way lenders use data. year-over-year.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Appraisal Buzz

JULY 24, 2024

Nearly two-thirds (64.7%) of homes that were on the market in June had been listed for at least 30 days without going under contract, according to a report from Redfin. a year earlier, marking the biggest annual increase in a year, and the highest share of any June since 2020. That’s up from 59.6%

Marketing 195

Marketing Sellers Inventory Contracts 195

Housing Wire

AUGUST 27, 2020

The seasonally-adjusted index measuring signed contracts was up 15.5% year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We million annualized pace in the second half of 2020.

Contracts 501

Contracts Realtors New Listings Real Estate 501

Housing Wire

MAY 25, 2022

from a week earlier, “close to lows last seen in the spring of 2020 when a significant portion of activity was put on hold due to the onset of the pandemic,” said Kan. Currently, higher rates, low inventory, and high prices are keeping prospective buyers out of the market.”. The seasonally adjusted purchase index rose 0.2% from 10.5%

Mortgage 450

Mortgage Contracts Retail Inventory 450

Housing Wire

OCTOBER 21, 2024

But while the debate surrounding CCP has only begun to boil over in the past six weeks, the policy in its current form dates back to 2020 — and the intention at the heart of it goes back even further. Saul Klein , the CEO of San Diego MLS , began his career in the real estate industry in the 1970s. “I

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Brokerage Real Estate Sellers Agents 432

Housing Wire

SEPTEMBER 29, 2021

Homebuyer contract signings in the U.S. This is a strong purchase market and the uptick in inventory is bringing back some buyers who pulled back during peak frenzy.”. The more moderately priced regions of the South and Midwest are experiencing stronger signing of contracts to buy, which is not surprising,” Yun said in a statement.

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Contracts Inventory Housing Market Marketing 414

Housing Wire

MAY 18, 2022

We simply cannot finish homes in America promptly, and now that mortgage rates are over 5%, some buyers won’t be able to purchase a home. In the summer of 2020, I wrote that what would cool down housing is having the 10-year yield go over 1.94%, which means 4%+ mortgage rates. Nothing has been easy in housing since 2020.

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Mortgage Construction Contracts Housing Market 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. Literally since Jan.

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Insurance Inventory Marketing Real Estate 420

Housing Wire

JULY 28, 2021

The purchase index decreased for the second week in a row to its lowest level since May 2020. “Potential buyers continue to be put off by extremely high home prices and increased competition.” It’s now fallen on an annual basis for the past three months. from 64.9% the previous week.

Mortgage 397

Mortgage Contracts Finance Investors 397

Housing Wire

MAY 3, 2022

The venture capital investment is in addition to $1 billion in separate capital commitments from investors that Point has lined up to help fund what it calls home-equity investment (HEI) contracts. “We Homeowners, in turn, get to cash out a slice of their home equity with no payments due until the contract matures.

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Contracts Investors Investing Market Value 445

Housing Wire

OCTOBER 27, 2021

The increase in rates triggered the fifth straight decrease in refinance activity to the slowest weekly pace since January 2020. Both new and existing-home sales last month were at their strongest sales pace since early 2021, but first-time home buyers are accounting for a declining share of activity.”.

Mortgage 459

Mortgage Contracts Buyers Marketing 459