Appraisal Buzz

MARCH 26, 2024

As of March 17, there were roughly 795,645 active listings. There were roughly 88,902 new listings added during that same four weeks – and increase of 15% and the biggest increase since June 2021. The surge in listings is bringing some buyers back to the market, the firm says. The total number of U.S.

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New Listings Buyers Marketing Inventory 195

Housing Wire

FEBRUARY 26, 2024

Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse. In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs.

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HOA Law Insurance New Listings 501

Housing Wire

DECEMBER 9, 2023

Here is the price cut percentage data for the same week in other years: 2023 38% 2022 42% 2021 27% As you can see, affordability is an issue, and the price cut percentage is higher now than in any period from 2015-2021, but still below 2022 levels. Now lets take a look at the weekly inventory data. Weekly inventory change (Dec.

Mortgage 534

Mortgage Inventory New Listings Sellers 534

Housing Wire

MAY 22, 2024

The other data line that is small but steady year-over-year is the new listings data, and if most sellers are buyers, that gives us more demand than in 2023, when new listings were trending at the lowest levels ever. I love that new listings data is growing yearly, but it’s been too light for me.

Inventory 514

Inventory New Listings Housing Market Contracts 514

Housing Wire

JULY 13, 2021

But recently, we’ve started to see buyers get cold feet. Two of my buyers just had their offers accepted because the sellers’ first buyers backed out. The market is still competitive, but buyers are more trepidatious than they were at the start of 2021, and less willing to pull out every stop in order to win.”

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Inventory Housing Market Real Estate Agent Buyers 511

Housing Wire

MAY 24, 2021

The April 2021 survey was sent to 50,000 Realtors selected from NAR’s over 1.4 There were 3,541 respondents to the online survey which ran from May 3-10, 2021, of which 1,731 had a client. “The share of first-time buyers decreased to 31% from 32% in the prior month, and 36% one year ago. .

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Realtors Buyers Housing Market New Listings 497

Housing Wire

NOVEMBER 25, 2023

Instead, let’s look at the future: If the 10-year yield can break under 4.34% with some kick from bond buyers, we have an excellent shot at getting under 7%. Most home sellers are buyers, and we want the new listings data to show growth year over year since it appears that we have formed a bottom in 2023.

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Inventory Mortgage New Listings Buyers 537

Housing Wire

MARCH 6, 2024

This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings. This data, courtesy of Altos, shows that new listings retreat when rates rise and accelerate when rates fall: High rates are bad, too, for the sellers who decided to list their homes.

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Mortgage Sellers New Listings Buyers 468

Housing Wire

APRIL 19, 2024

High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market. A surge in new listings of luxury homes was not enough to curb the price growth associated with rising demand. New listings of luxury homes soared 18.5% Buyers are looking for that again.

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Luxury Properties New Listings Buyers Housing Market 488

Housing Wire

JUNE 17, 2021

The report also shows the housing market also set new records for home-selling speeds and competition, although seasonally adjusted home sales and new listings flattened from April. “Sellers are still squarely in the drivers’ seat, but buyers have hit a limit on their willingness to pay. . from April. .

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Housing Market New Listings Sellers Buyers 535

Housing Wire

SEPTEMBER 13, 2022

Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter. in 2021 and as high as 6.25% in 2022. It wasn’t the rate move that caught my attention — it was the new listing data. But now this is a real risk. The parts of the U.S.

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Mortgage Inventory New Listings Sellers 525

Housing Wire

JANUARY 12, 2023

In December, we saw both buyers and sellers pulling back as they continue to adjust to a challenging market,” Danielle Hale, Realtor.com’s chief economist, said in a statement. Buyers started 2022 facing high home prices and limited inventories and ended the year with interest rates roughly double where they started.”.

Inventory 534

Inventory New Listings Buyers Sellers 534

Housing Wire

SEPTEMBER 25, 2024

New listings healthy There were 70,000 new listings unsold for single-family homes this week. In fact, this is the first time in three years that we’ve had a “normal” number of new listings. There were 70,000 single-family homes listed unsold and another 10,000 immediate sales.

Inventory 468

Inventory New Listings Sellers Contracts 468

Appraisal Buzz

DECEMBER 30, 2024

Analysts suggest that limited inventory is driving competition in these areas, keeping buyer activity robust despite high costs. Portlands new listings fell by 20.3% New listings in other West Coast cities like Oakland, San Jose, and Sacramento also dropped significantly. In November, 58.6% Nationwide, 26.6%

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Marketing New Listings Inventory Housing Market 402

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

JULY 20, 2021

.” Homes for sale are still being snatched up quickly throughout the country, but a recent slowdown in bidding wars may signal some buyer fatigue in the housing market. New listings are also up 4% year over year, meaning more properties are hitting the housing market for buyers to bid on. in May and a peak of 74.1%

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Housing Market Marketing Inventory Construction 511

Housing Wire

DECEMBER 2, 2023

18): Inventory fell from 564,571 to 550,302 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 569,898 For context, active listings for this week in 2015 were 1,081,712 The one positive inventory story in 2023 is that we formed a bottom in the new listings data! Weekly inventory change (Nov.

Mortgage 543

Mortgage Inventory New Listings Sellers 543

Housing Wire

JANUARY 20, 2023

From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. During that period, we saw new listing data decline. from December 2021 ($358,800), as prices rose in all regions. from November but up 10.2% months in Nov.

Inventory 541

Inventory Housing Market New Listings Marketing 541

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. This link explains the difference and is worth a read.

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Inventory Housing Market Marketing New Listings 525

Appraisal Buzz

OCTOBER 3, 2024

September 2024: National Housing Metrics Median listing price : (Change over September 2023: -1.0% 2019: +36.0 %) Active listings : (+34.0 %) (-23.2 %) New listings : (+11.6 %) (-11.8 %) Median days on market : (+7 days to 55 days) ( -7 days) Share of active listings with price reductions : (+0.5

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Marketing New Listings Sellers Advertising 418

Housing Wire

MARCH 29, 2024

Buyers are still buying and sellers are still selling. We definitely noticed a downturn last year, which coincided with interest rates going up, and buyers just put the brakes on things and wanted to wait to see what was going to happen. Michaels also noted that his business is still seeing a steady stream of out-of-town buyers. “We

Housing Market 459

Housing Market Agents Marketing Inventory 459

Housing Wire

NOVEMBER 11, 2023

We saw some good growth this week, and hopefully, in 2024, we can close the gap and get back to 2021-2022 data on new listings. That is the critical period for new listing data to grow; remember, most sellers are buyers. Weekly inventory change (Nov. 23 and went from 8% to 7.38% on Nov.

Inventory 505

Inventory New Listings Mortgage Retail 505

Housing Wire

SEPTEMBER 3, 2024

year over year in Q2 2024 and were 61% below peak activity levels of 2021. In response, Bright MLS chief economist Lisa Sturtevant noted that while “declining rates are good for both buyers and sellers,“ rates are not yet low enough to alleviate the lock-in effect that has stopped many potential listings in their tracks.

Mortgage 501

Mortgage Inventory Buyers Sellers 501

Housing Wire

SEPTEMBER 22, 2022

With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years. That was a huge red flag, hence all the statements in 2021 about unhealthy housing. . It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52

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Inventory Housing Market New Listings Mortgage 482

Housing Wire

FEBRUARY 27, 2023

Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year. I call this rate lock risk, where some buyers don’t qualify or don’t want to continue the purchase until rates fall again. Rates spiking almost 1% in mere weeks is damaging because it can take some previous buyers out of play.

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Housing Market Marketing Inventory New Listings 476

Housing Wire

SEPTEMBER 24, 2024

Buyers] have been the ones to benefit from just the steadiness and lack of volatility.” According to data from Altos Research , the median home price jumped by almost 20% in the first seven months of the pandemic, then jumped another 11% in the first four months of 2021. This was followed by a 15% crash in the second half of 2021.

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Housing Market Marketing Property Taxes Inventory 459

Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. However, one thing is for sure, housing is not going to crash due to large-scale panic-selling — a scare tactic of late 2021 that didn’t work then or now.

Inventory 505

Inventory Housing Market Marketing New Listings 505

Housing Wire

NOVEMBER 18, 2022

NAR Research : First-time buyers were responsible for 28% of sales in October; All-cash sales accounted for 26%; Individual investors purchased 16%; Distressed sales represented 1% of sales; Properties typically remained on the market for 21 days in October. million in October 2021). million in October.

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Inventory Marketing Housing Market New Listings 493

Housing Wire

APRIL 23, 2023

Here’s a quick rundown of the last week: Active listings rose by 8,546 , and new listing data showed some growth. If that is the case, then this week’s gain in active inventory and new listings needs to be taken with a grain of salt until we get next week’s data. However, I will take what I can now.

Inventory 545

Inventory Housing Market Marketing New Listings 545

Housing Wire

SEPTEMBER 26, 2023

This is a demand-driven slowdown, because new listings supply is still running 9% to 10% fewer homes for sale each week than this time last year. We’re seeing fewer new sellers each week, but inventory is building as homebuyers wait to see if mortgage rates will come down to make purchases more affordable. from last week.

Inventory 505

Inventory Contracts New Listings Mortgage 505

Housing Wire

AUGUST 7, 2023

Higher mortgage rates mean higher monthly payments, less affordability for home buyers and slightly fewer transactions. It started curving down, but in September the buyers stopped and inventory surged. It was that jump that stopped any buyers cold — the moment of change where people stopped buying.

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Inventory New Listings Contracts Sellers 369

Housing Wire

MARCH 9, 2024

Moving the needle doesn’t take much since we all know we have buyers ready to go and home sales are at record lows. However, growth is growth, and if we can match spring 2022 and 2021 levels, I will be a happy camper. This is a carbon copy of what happened in 2023 when rates went higher.

Mortgage 505

Mortgage Inventory New Listings Housing Market 505

Housing Wire

MARCH 26, 2023

Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. One piece of good news last week was that the new listing data, which saw a significant collapse two weeks ago, rebounded excellently to return to a usual trend.

Inventory 476

Inventory Housing Market Marketing Mortgage 476

Housing Wire

JULY 20, 2024

Yes, home prices are still rising in 2024, but the pace is significantly slower than in 2020 and 2021. The seasonal decline in new listings will begin soon and we will see if we get fewer sellers in the second half of the year than the current trend. With more sellers who are buyers, we have a tad more demand this year.

Inventory 526

Inventory New Listings Contracts Mortgage 526

Housing Wire

APRIL 18, 2024

The one thing that is positive this year which is different than last year is new listing data is rising year over year, nothing spectacular, but it’s a positive story for housing This means we have more sellers that will be buyers in 2024.

Inventory 505

Inventory Housing Market New Listings Buyers 505

Housing Wire

JULY 24, 2024

Prospective buyers from out of state often come to Indiana for its growing job market, low taxes and relatively affordable housing. Indianapolis-area Realtor Annie Caruso, a founding member of Circle Real Estate, had a buyer coming from the Chicago area for just these reasons. This is shifting the market toward buyers.

Marketing 448

Marketing Realtors Buyers Property Taxes 448

Housing Wire

MAY 21, 2021

Steep competition stirred in part by low mortgage rates, demographic factors and an improving economy is pushing home prices up at the strongest pace in decades, with sales happening at lightning speed and often for well above list price, noted Zillow Economist Matthew Speakman.

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Inventory Buyers New Listings Marketing 448