Housing Wire

AUGUST 26, 2024

year over year in July to reach their highest level since October 2022. This was in stark contrast to three other market segments that posted declines in the number of pending sales compared to July 2023. year over year to its highest level since October 2022. According to Redfin, pending sales of starter homes grew 10.2%

Buyers 448

Buyers Inventory Marketing Contracts 448

Housing Wire

JULY 22, 2024

Fewer sales, mean a shrinking housing market as consumers wait it out. real estate market as we’re now in the second half of 2024. this week to 668,000 single-family homes unsold on the market. There are another 179,000 condos unsold on the market. will be significant enough move in rates to move the needle for buyers.

Buyers 488

Buyers Inventory New Listings Sellers 488

Housing Wire

JANUARY 9, 2025

Despite the frequency of departures, real estate agents in the state say the housing market remains strong. On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. Statewide, the housing market has a 90-day average Altos Market Action Index score of 44.18

Housing Market 418

Housing Market Inventory Marketing Sellers 418

Housing Wire

SEPTEMBER 5, 2024

The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in tight markets. mortgage market in 2023, up from 14.3% in 2022, according to HUD. of the U.S.

Buyers 476

Buyers Real Estate Agent Inspection Real Estate 476

Housing Wire

DECEMBER 28, 2024

The most positive development in the housing market over 2024 has been the increase in active housing inventory , which is approaching the levels seen in 2019. Although those 2019 levels represent a five-decade low before COVID-19, the market was still functioning better than it did from 2020 to 2023. Weekly inventory change (Dec.

Inventory 514

Inventory Housing Market Marketing New Listings 514

Housing Wire

MAY 14, 2024

“Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said. Nationwide, the share of buyers who are first-time buyers has risen in recent months. Nationwide, the share of buyers who are first-time buyers has risen in recent months.

Buyers 448

Buyers Inventory Landlords Real Estate 448

Appraisal Buzz

JULY 24, 2024

The report highlights significant challenges faced by homeowners, mortgage entities, and the housing market as a whole due to record premium increases, ongoing new business restrictions, and carrier exits. According to Matic research, one reason for these market disruptions may be the very high number of catastrophic events in 2023—28 U.S.

Insurance 370

Insurance Buyers Marketing Business 370

Housing Wire

APRIL 23, 2024

New home sales have been one of the brighter housing stories since the home sales crash in 2022 — as we can see in the chart below, new home sales have been able to grow since then. This is one reason why the homebuilder stocks have done so well since November of 2022.

Inventory 514

Inventory Construction Mortgage Buyers 514

Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. Buyers think it’s a buyer’s market. Sellers think it’s a seller’s market. 25 statewide in 2023 transaction volume.

Housing Market 479

Housing Market Marketing Sellers Buyers 479

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. In some markets, more than 50% of active listings have experienced a price cut, according to Altos Research. According to the brokerage, 6.5%

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Sellers Buyers Inventory Real Estate Agent 516

Housing Wire

JUNE 22, 2023

The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Nothing good happens in the housing market when the days on market are at a teenager level or lower. million in May 2022). million in May.

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Housing Market Marketing Inventory Law 526

Housing Wire

OCTOBER 20, 2023

The last two years of soaring mortgage rates and rising home prices have brought the fastest erosion in housing market affordability in modern history, and it’s hurt first-time homebuyers the most. home, up 15% ($15,285) from a year ago and up more than 50% since the start of the pandemic in early 2022.

Housing Market 511

Housing Market Marketing Buyers Modernization 511

Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. From 2022 to 2023 alone, rates jumped 21.2%. He paid $4,700 in 2022, $11,500 in 2023 and received a quote of $28,000 for 2024. recorded in mid-February 2020.

Insurance 459

Insurance Housing Market Marketing Agents 459

Housing Wire

JANUARY 2, 2024

real estate market is in and it may surprise you, but pretty much all the signals for housing in 2024 are pointing for growth now. Inventory is slowly but steadily increasing over last year, which means slightly more options for buyers this spring. There are millions of would-be homebuyers who are simply priced out of the market.

Housing Market 531

Housing Market Marketing Inventory Contracts 531

Housing Wire

JUNE 20, 2024

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.

Housing Market 448

Housing Market Agents Marketing Inventory 448

Appraisal Buzz

JUNE 20, 2024

Buyers are also avoiding earlier stages of the house-hunting process. Buyers are retreating primarily due to high home costs. Another explanation for the drop in pending sales is a scarcity of new, desirable listings for buyers to select from. The share of homes off the market in two weeks was 42.1%, down from 47% YoY.

Buyers 397

Buyers New Listings Sellers Mortgage 397

Housing Wire

APRIL 27, 2024

Here’s the new listings data for last week over the last several years: 2024: 70,665 2023: 63,236 2022: 72,009 Price-cut percentage In an average year, one-third of all homes take a price cut — this is standard housing activity. 2022: 19.2% However, for now, the labor market is getting softer, but not breaking.

Inventory 514

Inventory Housing Market Marketing New Listings 514

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. The bearish take is that there are many more sellers than buyers and inventory is rising. Even if the imbalance of more sellers than buyers continues, more sales will happen, especially compared to last year at this time.

Sellers 508

Sellers Marketing Inventory Contracts 508

Housing Wire

MAY 13, 2024

Additionally, in 2022, the Federal Housing Finance Agency (FHFA) increased the fees for second-home loans purchased by Fannie Mae and Freddie Mac. Lastly, the rental market is cooling compared to its pandemic-era peak, which creates less of an incentive to invest in a property. in 2022 and 89.2% in 2022 and 5.1%

Mortgage 459

Mortgage Marketing Buyers Investing 459

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

JULY 30, 2024

The August 17 deadline is looming, and many Realtors are gnashing their teeth over how they can share their seller’s offers of buyer broker compensation while still complying with the terms of the settlement. Bell approached real estate and mortgage firm Avenu Technologies with her challenge. From this, HomeKick was born.

Buyers 459

Buyers Realtors Agents Sellers 459

Appraisal Buzz

DECEMBER 30, 2024

If youre thinking about buying or selling a house and wondering about the housing market, youre not the only one. The real estate market has seen a lot of unusual trends in the past couple of years, so it makes sense that youd want the latest market update before you make any major decisions! Will Interest Rates Go Down in 2025?

Housing Market 363

Housing Market Marketing Inventory Real Estate 363

Housing Wire

SEPTEMBER 27, 2023

After experiencing a temporary hiccup between July 2022 to January 2023, the U.S. housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. housing market has surged by more than $2.6

Housing Market 521

Housing Market Marketing Inventory Finance 521

Housing Wire

APRIL 23, 2023

Can we now say that the housing market ‘s spring selling season is finally underway? However, for this week, we saw good week-to-week growth and the new listing data for this calendar week isn’t too far off from what we saw in 2022. The red line is where NAR believes a balanced market is, at six months of supply.

Inventory 545

Inventory Housing Market Marketing New Listings 545

Housing Wire

JULY 29, 2024

Any sales growth momentum in the real estate market we might have had early in the year is gone. That implies a continued slow down for home sales in the second half of the year — fewer buyers and fewer sellers, too. I wonder whether the 2024 housing market is beyond saving? housing market at the end of July 2024.

Housing Market 458

Housing Market Marketing Inventory New Listings 458

Appraisal Buzz

JUNE 14, 2024

There have only been two months in the last decade with fewer home sales: October 2023, when mortgage rates reached a 23-year high, and May 2020, when the pandemic brought the housing market to a halt and home sales to an all-time low. record established in October 2022. The average home for sale in May lasted 32 days on the market.

Sellers 435

Sellers Buyers New Listings Mortgage 435

Housing Wire

JULY 23, 2024

Today’s existing home sales report shows that the existing home market is now almost balanced. We are very close to getting this balance nationally and in some markets we’re already there. million as a balanced market, but this equation has a second variable tied to today’s housing economics: affordability.

Marketing 493

Marketing Inventory Housing Market Buyers 493

Housing Wire

DECEMBER 16, 2024

The COVID-19 pandemic turned a number of nontraditional cities into housing market hotspots. While some of those markets have since seen a reversal of fortunes, 2025 may bring a few more surprises. These are mortgages secured before mortgage rates began to rise sharply in 2022.

Housing Market 418

Housing Market Marketing Inventory Realtors 418

Housing Wire

NOVEMBER 13, 2024

On Tuesday, the firm launched Compass Resort, a network for agents in vacation-home markets and clients searching for second homes. “We’re excited to introduce a new level of service for second-home buyers and their agents,” Karlinski, a Compass agent in Aspen, Colorado , said in a statement.

Agents 370

Agents Marketing Luxury Properties Real Estate 370

Housing Wire

MARCH 13, 2024

Now we are looking at a two- to three- business-day process and the buyer may not like the numbers they get back.” For some buyers, surprisingly high insurance premiums are causing them to second-guess the property they have selected. “I That just shows you how impactful the cost of insurance is in the real estate market.”

Real Estate Agent 482

Real Estate Agent Insurance Real Estate Agents 482

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We In mid-June 2023, the statewide 90-day average Altos Market Action Index score hit a high for year of 53.99, before sliding down to a trough of 40.03

Housing Market 468

Housing Market Marketing Inventory Construction 468

Housing Wire

JUNE 15, 2024

I got one good crumb from the Fed meeting that made me smile: Powell finally admitted that the labor market isn’t tight anymore, which is a beneficial statement for rates down the line if the labor data gets weaker. As most sellers are buyers, seeing more sellers listing their homes has been good.

Mortgage 508

Mortgage Inventory Marketing New Listings 508

Housing Wire

JANUARY 13, 2025

While the current focus is rightfully on containing the blazes and protecting residents, its worth taking stock of where housing markets stand in the affected parts of the Los Angeles metro area. LAs housing market has largely stabilized after the turbulence of the post-pandemic years and the rapid rise of mortgage rates beginning in 2022.

Housing Market 393

Housing Market Marketing Sellers New Listings 393

Housing Wire

APRIL 5, 2024

As of March 29, the San Francisco-Oakland-Fremont metropolitan area was the fourth-hottest housing market in the country. The Bay Area metro had a 90-day average Market Action Index score of 61.19, according to data from Altos Research. Altos considers anything above a Market Action Index of 30 to be a seller’s market.

Housing Market 459

Housing Market Marketing Inventory Agents 459

Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” As the market gradually recovers, 2025 should bring more sales and relatively moderate increases in property values. Zillow predicts 4.3

Housing Market 396

Housing Market Tenants Marketing Mortgage 396

Housing Wire

FEBRUARY 8, 2024

8, a slight increase from last week ’s figure of 6.63%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. The economy and labor market remain strong with wage growth outpacing inflation, which is keeping consumer spending robust,” Freddie Mac chief economist Sam Khater said in a statement. “The

Mortgage 468

Mortgage Marketing Sellers Buyers 468

Housing Wire

DECEMBER 20, 2023

I would argue yes, and the housing market today looks a lot like what we saw in late 2022. million in November 2022) Here are some charts from today’s report: So is this a repeat of last year? In 2022, we recorded the most significant single one-year home sales crash ever. from November 2022 ($372,700).

Housing Market 482

Housing Market Marketing Inventory Realtors 482