Appraisal Buzz

JUNE 14, 2024

Buyers today are facing many of the realities of a hot market even though few homes are changing hands,” said Elijah de la Campa, Senior Economist at Redfin. And with so few homes for sale, buyers in some markets are getting into bidding wars, which is helping push home prices to record highs.” record established in October 2022.

Sellers 435

Sellers Buyers New Listings Mortgage 435

Housing Wire

MARCH 8, 2024

“At the height of the pandemic there were bidding wars and all that, but it didn’t seem impossible, but now it seems impossible to get our buyers into homes,” said Heather Corrigan , a RE/MAX Signature Homes agent based in Closter, a borough that is 24 miles north of Manhattan and renown for its schools. as of March 6, 2024.

Housing Market 446

Housing Market Buyers Agents Marketing 446

Housing Wire

APRIL 25, 2024

“I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We There is no way you can stay on top of things unless you hire someone to watch new listings pop up every 10 minutes. Buyers are really struggling.” We couldn’t even see it.

Buyers 431

Buyers Marketing Inventory Investors 431

Housing Wire

JULY 13, 2024

However, let’s keep an eye out on this story over the next six months because of what late 2022 and 2023 data has shown us: if the mortgage rates fall and we can get at least two to three months’ worth of positive data, it will show up in the future existing home sales report.

Mortgage 509

Mortgage New Listings Inventory Contracts 509

Housing Wire

JANUARY 20, 2023

The phrase “in like a lion, out like a lamb” is typically used to describe the month of March, but it is also applicable to existing home sales trends in 2022. The housing market may have started 2022 out with a bang, but it exited the year with a whimper,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement.

Inventory 374

Inventory Housing Market Realtors Buyers 374

Housing Wire

OCTOBER 21, 2024

If you’ve been paying attention, you know that the housing supply isn’t just the unsold inventory, it’s also a factor of new listings volume each week. The signal that we watch for in the new listings count is whether there are too many sellers. Last year in the fourth quarter, buyers were running for the exits.

Sellers 436

Sellers Inventory New Listings Contracts 436

Housing Wire

SEPTEMBER 22, 2023

Adding to buyers’ affordability pain, median home prices rose 3.4% 17, total active listings were at 806,701, down 16.2% However, new listings have stabilized, ticking up slightly since the beginning of September. 17 have been the most volatile since mortgage rates breached 6% in 2022.

New Listings 468

New Listings Inventory Buyers Mortgage 468

Housing Wire

JULY 28, 2023

New listings of starter homes dropped 23% from a year earlier in June, the biggest drop since the start of the pandemic, the report found. from June 2022, according to Realtor.com economic researcher Hannah Jones. asking rent is just $24 shy of the $2,053 peak hit in 2022. Austin buyers must earn $92,000, down 3.3%

Buyers 370

Buyers Housing Market Investors Real Estate 370

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 407

Inventory New Listings Sellers Contracts 407

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. In total, new listings data is 14% more than last year.

New Listings 506

New Listings Inventory Contracts Sellers 506

Appraisal Buzz

AUGUST 26, 2024

year-over-year to the highest level since October 2022, per a new report from Redfin. Since they are less likely to have a sizable down payment, first-time buyers, who account for a sizable share of the starter-home market, are more susceptible to rate reductions. year over year to the highest level recorded since October 2022.

New Listings 444

New Listings Inventory Bracketing Buyers 444

Housing Wire

OCTOBER 28, 2024

Florida had an uptick in inventory with a bit of a rebound in new listings now that the storms are over. New listings go up This year continues to have slightly more sellers than last year but fewer than we used to get in past years. There were 60,000 new listings unsold this week for single-family homes.

Inventory 437

Inventory New Listings Sellers Contracts 437

Housing Wire

MAY 20, 2024

Both dynamics are elevated this year: more of the homes on the market have taken price cuts and the slope is pretty steep — meaning more homes each week are cutting prices because they don’t have offers from buyers. This makes buyers even more price-sensitive. There were just under 68,000 new listings unsold this week.

Inventory 447

Inventory New Listings Sellers Contracts 447

Housing Wire

SEPTEMBER 28, 2024

2024: 362,620 2023: 340,526 2022: 380,823 Purchase application data Even as mortgage rates ticked up just a smidge this week, the winning streak of consecutive positive purchase apps continues with five weeks of gains. We also had our first positive year-over-year print since 2022. Weekly inventory change (Sept.

Mortgage 510

Mortgage Inventory New Listings Contracts 510

Housing Wire

OCTOBER 31, 2023

At least, that’s what the data seems to suggest as inventory grows and new listings decline at a less aggressive rate than last year. New listings decline isn’t as steep as a year ago There were only 53,000 new listings (single-family homes) unsold this week, plus 10,000 more new listings that are already in contract.

New Listings 499

New Listings Inventory Contracts Housing Market 499

Housing Wire

JUNE 15, 2024

Mortgage spreads The spread between the 30-year mortgage rate and the 10-year yield has been an issue since 2022 and things got worse after the March 2023 banking crisis. If mortgage rates keep falling and demand picks up, we will have a much better buffer with active inventory than in 2022 and 2023.

Mortgage 490

Mortgage Inventory Marketing New Listings 490

Housing Wire

AUGUST 24, 2024

Since the buyer’s commission payout isn’t as transparent as before, I have been anticipating delays in the home-buying process as people adapted to the new rules. 2024 is the second-lowest new listing year recorded in history, but we still saw growth from last year, which is a positive. Weekly inventory change (Aug.

Inventory 435

Inventory New Listings Sellers Mortgage 435

Housing Wire

DECEMBER 9, 2023

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. 2022 was a historic year for housing as we had the most significant home sales crash ever, and mortgage rates went from 3% to 7% in the same year.

Mortgage 530

Mortgage Inventory New Listings Sellers 530

Housing Wire

JULY 29, 2024

Our Immediate sales measure of homes that get listed, take offers and go into contract in a few days is also notably lower than last year. On the supply side, new listings are slightly more than a year ago, but pulling back. If fact the “coming soon” pre-listings are now running behind last year by 5%.

Housing Market 382

Housing Market Marketing Inventory New Listings 382

Housing Wire

MAY 2, 2022

While housing market trends in the first quarter of 2022 resembled the previous year’s trend — buyer frenzy, homes selling over the asking price and continued home price appreciation — much has changed in the spring, which will impact some of the previously forecasted scenarios. To register for the HW+ event, go here.

Housing Market 397

Housing Market Marketing Buyers Inventory 397

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. New listing numbers are low There were just 59,000 new listings unsold this week for single-family homes. There were another 10,000 new listings that immediately sold.

Inventory 387

Inventory New Listings Contracts Buyers 387

Inman

MAY 10, 2023

A "drought" of new listings is driving up prices, reversing the sluggishness of late 2022 and forcing buyers to compete fiercely for homes, according to a new analysis from Zillow.

Buyers 155

Buyers Inventory New Listings Marketing 155

Housing Wire

JULY 15, 2024

If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. Home prices and new listings dipped too. Contrast this week to 2022, when inventory rose by 3% during the holiday week. The newly listed homes for sale were priced 1% less than last year at this time.

Housing Market 494

Housing Market New Listings Marketing Mortgage 494

Housing Wire

MAY 28, 2024

New listings climbed during the past week and there are now 72,000 more single-family homes on the market. It appeared that new listings might be on the decline already, but the pace picked up a tad this week, which is encouraging. No one wants a scenario in which there’s a flood of sellers but no buyers.

Inventory 527

Inventory New Listings Contracts Sellers 527

Appraisal Buzz

JULY 8, 2024

According to a brief report from Redfin News, pending home sales posted their biggest decline since February in June of this year—good news for prospective buyers as there are more new listings to choose from, and monthly housing payments are down around $100 from their peak in April due to declining, but still relatively high, mortgage rates.

New Listings 397

New Listings Housing Market Buyers Mortgage 397

Housing Wire

FEBRUARY 26, 2024

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return.

HOA 494

HOA Law Insurance New Listings 494

Housing Wire

AUGUST 4, 2024

While I didn’t get my minimum target of 80,000 new listings during the peak seasonal weeks this year, it was good to see growth. While I didn’t get my minimum target of 80,000 new listings during the peak seasonal weeks this year, it was good to see growth. Weekly inventory change (July 26-Aug.

Mortgage 511

Mortgage Inventory New Listings Housing Market 511

Housing Wire

SEPTEMBER 22, 2024

At the same time, we are far from average with the spreads, as we are still 0.85% higher today than the low levels of 2022 in the chart below. The slight decline year over year is the smallest decline since 2022. Since most sellers are buyers, this data must return to normal before seeing real, long-lasting sales growth.

Mortgage 513

Mortgage Inventory New Listings Contracts 513

Housing Wire

SEPTEMBER 15, 2024

Since most sellers are buyers, this data must return to normal before seeing real, long-lasting sales growth. Since most sellers are buyers, this data must return to normal before seeing real, long-lasting sales growth. However, even with that missed call, the growth we saw in new listings data was a big positive in my eyes.

Mortgage 520

Mortgage Inventory New Listings Retail 520

Housing Wire

AUGUST 6, 2024

Still, this affordability boost is good for any buyers in the market now. We should be able to measure how demand changes over the next few weeks if rates stay at these new lower levels. New listings ticked down Most of the total inventory fluctuations have been demand-driven this year. When rates rise, demand slows.

Mortgage 477

Mortgage Inventory New Listings Contracts 477

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.

Inventory 533

Inventory Mortgage New Listings Buyers 533

Housing Wire

JULY 1, 2024

Inventory , new listings, etc. New listings volume peaked a few weeks ago. While there won’t be a big drop off for new listings in July, we can assume we’ll have fewer sellers each week through the rest of the year. There won’t be a big drop-off in new listings volume in July.

Real Estate 393

Real Estate New Listings Inventory Marketing 393

Housing Wire

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. New listing volume last week was 18% more than a year ago. NAR reported 33% all cash buyers, which is the most since 2014 when buyers were still cleaning up distressed properties. is $439,900.

Inventory 488

Inventory New Listings Contracts Sellers 488

Housing Wire

NOVEMBER 4, 2024

New listings rise There were just under 61,000 new listings unsold this week. Last year at this time, the market was in deep retrenchment — both buyers and sellers were walking away. Last year at this time, the market was in deep retrenchment — both buyers and sellers were walking away.

Inventory 316

Inventory New Listings Sellers Contracts 316

Housing Wire

MARCH 18, 2024

This week in 2022 was the last of the 3% mortgages. There are 250,000 more homes on the market now then when we exited the pandemic boom in March 2022. At this moment in 2022, interest rates and inventory had started rising quickly together as the pandemic boom ended. Mortgage rates were still in the 3s in early March 2022.

Inventory 440

Inventory New Listings Sellers Contracts 440

Housing Wire

AUGUST 7, 2023

Higher mortgage rates mean higher monthly payments, less affordability for home buyers and slightly fewer transactions. There are 10% fewer homes on the market now than there were in 2022 at this time. So, the number of homes on the market in 2022 increased in September and October which was very unusual. in just a few weeks.

Inventory 305

Inventory New Listings Contracts Sellers 305

Housing Wire

FEBRUARY 3, 2023

This article is part of our 2022 – 2023 Housing Market Update series. Last fall, when mortgage rates first jumped over 7% we could see dramatic and immediate slowdown in buyer demand. Throughout January, as rates have drifted down closer to 6%, buyer activity has picked up quickly. was $414,900.

Housing Market 360

Housing Market Marketing Inventory New Listings 360