Housing Wire

FEBRUARY 24, 2025

There are obviously fewer buyers who can afford these prices. In 2024, we saw a notable increase in buyer demand when mortgage rates got close to 6%. New listings To get a lot of homes on the market though we need some sellers. In total, it was another week with fewer home sellers that last year. Thats not a ton.

Inventory 495

Inventory New Listings Sellers Contracts 495

Appraisal Buzz

OCTOBER 31, 2024

Commissions paid to real estate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17 , according to a new analysis from Redfin. Traditionally, sellers paid the buyer’s agent commission as well as their own agent’s commission.

Real Estate Agent 386

Real Estate Agent Real Estate Agents Sellers 386

Housing Wire

OCTOBER 28, 2024

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. When you add it all together, there were just a 2% more new sellers hitting the market this week than a year ago. I mentioned that Florida rebounded this week with sellers that postponed for the storms.

Inventory 476

Inventory New Listings Sellers Contracts 476

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. home sale price rose 3% year over year, reaching $420,846 in August, the largest annual increase since October 2022. the month prior.

Sellers 516

Sellers Buyers Real Estate Agent Inventory 516

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. Sales are sluggish because high homebuying costs are making both house hunters and prospective sellers skittish. record established in October 2022. Ongoing U.S.

Sellers 435

Sellers Buyers New Listings Mortgage 435

Housing Wire

JANUARY 27, 2025

In 2022, it was the end of the post-pandemic boom and buyers were rushing to get a home before mortgage rates climbed, so there was steep price appreciation in the first half of the year. But by June, prices peaked for the year while remaining below the June 2022 peak. There were 4% more sellers, including the immediate sales.

Inventory 396

Inventory Sellers New Listings Contracts 396

Housing Wire

JANUARY 11, 2023

And to close deals, sellers are increasingly coming to the table with concessions and rate buydowns. . The Bureau of Labor Statistics reported on Friday that job and wage growth is slowing, although the labor market finished 2022 stronger than expected. “So, in essence, the seller helped pay for their refinance in 12 -24 months.

Sellers 529

Sellers Mortgage Loan Officers Buyers 529

Housing Wire

JANUARY 9, 2025

On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. Altos considers anything above 30 to be indicative of a sellers market. In contrast, during the pandemic, the median-price peak jumped from $279,000 in 2019 to $319,000 in 2021 before falling to $310,000 in 2022.

Housing Market 418

Housing Market Inventory Marketing Sellers 418

Housing Wire

NOVEMBER 5, 2024

That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends. But in 2022, the share of homes bought in rural areas (19%) and small towns (29%) jumped considerably. Urban areas also took a hit, falling from 13% to 10%.

Realtors 468

Realtors Housing Market Construction Real Estate 468

Housing Wire

MARCH 31, 2025

Because each week we have 815% more sellers than last year, the total inventory will continue to build unless and until demand shifts dramatically, which would require notably lower mortgage rates. There are more sellers each week, and there are more sales, but the supply side is growing faster than demand. Those do not seem imminent.

New Listings 450

New Listings Inventory Housing Market Sellers 450

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. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. The bearish take is that there are many more sellers than buyers and inventory is rising.

Sellers 508

Sellers Marketing Inventory Contracts 508

Housing Wire

DECEMBER 9, 2024

That shortage reached its crisis peak in January 2022. Supply growth could also come from more sellers, such as investors or distressed borrowers unloading. However, in most of the country, we have no growth from the seller side. Weve been averaging about 8% more sellers each week than a year ago.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

Appraisal Buzz

NOVEMBER 4, 2024

housing market is split into two groups: first-time buyers struggling to enter the market and current homeowners buying with cash,” said Jessica Lautz, NAR Deputy Chief Economist and VP of Research. First-time buyers decreased to 24% of the market share (32% last year). For first-time buyers, this number jumps to 64%.

Real Estate Agent 370

Real Estate Agent Buyers Sellers Real Estate 370

Housing Wire

NOVEMBER 4, 2024

Newly released data from the annual profile of home buyers and sellers by the National Association of Realtors (NAR) shows just how dramatically this trend has manifested since the financial crisis of 2008. While the median age of buyers gradually increased over the course of two decades, the COVID-19 pandemic sped it up.

Real Estate Agent 345

Real Estate Agent Buyers Sellers Realtors 345

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.” There is no doubt that buyers will experience several highs and lows during the course of the year. Zillow predicts 4.3

Housing Market 396

Housing Market Tenants Marketing Mortgage 396

Housing Wire

JANUARY 13, 2025

Data from Altos Research shows an area with expensive housing, rising inventory and conditions that lean favorable to sellers. LAs housing market has largely stabilized after the turbulence of the post-pandemic years and the rapid rise of mortgage rates beginning in 2022. The current median home price is $1.47 million, $3.9

Housing Market 393

Housing Market Marketing Sellers New Listings 393

Housing Wire

AUGUST 14, 2024

If homes are priced appropriately and marketed well, buyers will make offers. The buyer] got a deal,” Weinstein said of the $600,000 purchase price. This gave sellers the upper hand, but the market has turned in recent months. This has taken power away from sellers, who now face a shortage of potential buyers.

Buyers 468

Buyers Housing Market Marketing Sellers 468

Housing Wire

OCTOBER 29, 2024

According to Bright MLS, it’s the slowest annual gain in 2024 thus far and the first monthly decline since December 2022. Economists pointed to lower mortgage rates as the reason for slower growth.

Mortgage 487

Mortgage Sellers Buyers Housing Market 487

Housing Wire

NOVEMBER 13, 2024

“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. A report from Compass found that in 2022 alone, 10 U.S. markets saw homes priced at $10 million or more sell for the first time.

Agents 370

Agents Marketing Luxury Properties Real Estate 370

Housing Wire

NOVEMBER 4, 2024

When you include the 9,400 immediate sales, the total is 13% more sellers than a year ago. Last year at this time, the market was in deep retrenchment — both buyers and sellers were walking away. We’ll see if this trend continues, because consistently more sellers would signal a transition to new market dynamics.

Inventory 396

Inventory New Listings Sellers Contracts 396

Housing Wire

NOVEMBER 26, 2024

The numbers represent the slowest pace of new-home sales since November 2022, when the seasonally adjusted annual rate was 596,000. The post-pandemic low point occurred in July 2022, when the rate fell to 519,000. decline compared to September and a 9.4% decline year over year. The median sale price of a new home hit $437,300, a 4.7%

Inventory 448

Inventory Sellers Development Mortgage 448

Housing Wire

JANUARY 17, 2025

While we will likely not experience anything like we did in 2021 or 2022 those years were not typical and nor do we want them to be there are clear signs of improvement. On the seller side, as affordability improves and traffic increases, so will competition. This means some sellers might see their properties moving quickly.

Real Estate 370

Real Estate Buyers Sellers Marketing 370

Appraisal Buzz

NOVEMBER 1, 2024

at the beginning of 2022 and 30.5% year-over-year, in part because to builders’ efforts to attract buyers with incentives including cash toward closing costs and mortgage-rate buydowns. in Q2 of 2022. in Q1 of 2022. in Q1 of 2022. in Q1 of 2022. “A That is lower than the record-high 34.4% a year ago.

Construction 370

Construction Inventory Real Estate Agent Agents 370

Appraisal Buzz

JANUARY 31, 2025

Prospective buyers have been cautious because theyve seen homes sitting on the market and theyve heard interest rates and prices may drop. When the market isnt competitive, some buyers think they should wait for costs to go down, said Jordan Hammond, a Redfin Premier agent in Raleigh, NC. The market had 5.2 year-over-year.

New Listings 390

New Listings Sellers Buyers Mortgage 390

Appraisal Buzz

JANUARY 8, 2025

What should be the most competitive markets for buyers this year share two characteristics: relative affordability and a dearth of available homes. In chillyBuffalo, competition among buyers will remain hot, with employment growing far faster than builders are adding homes, saidSkylar Olsen, Chief Economist at Zillow.

Buyers 370

Buyers Sellers Home Value Construction 370

Housing Wire

JUNE 24, 2024

It looks like we’re heading back to those conditions of the second half of 2022 where inventory grew rapidly, but any real downside correction was mitigated with a withdrawal of supply. Sellers can just wait it out, and it looks like the U.S. I think it’s worth examining if sellers will indeed just wait it out now.

Inventory 458

Inventory Sellers New Listings Property Taxes 458

Housing Wire

MARCH 10, 2025

When a home gets listed for sale in March, the seller and the listing agent use all the information about possible buyers and traffic to price that as most likely to sell. Sellers that dont get an offer either have to cut prices or withdraw the listing and both of those metrics are elevated. This was a jump of 2.5%

Inventory 425

Inventory New Listings Housing Market Sellers 425

Housing Wire

JANUARY 22, 2025

While stubbornly high mortgage rates are keeping a lid on buyer demand and home value growth, and a response from builders has kept multifamily rent growth stable for many months, rents for detached single-family homes continue to accelerate. Meanwhile, apartment rents averaged $1,812 per month in December, up 2.4% year over year and 26.2%

Inventory 448

Inventory Home Value Housing Market Buyers 448

Housing Wire

JULY 22, 2024

We’re rebounding inventory after the holiday, so it’s not that much of a surprise, and it’s less of a jump than what was happening at this time in 2022. will be significant enough move in rates to move the needle for buyers. So that’s a total of 84,000 total new sellers for single-family homes this week.

Buyers 488

Buyers Inventory New Listings Sellers 488

Housing Wire

MARCH 27, 2025

For all of 2024, buyers put down an average of $29,900, or 14.4% “As inventory recovers, the housing market is very slowly tilting toward more balance between buyers and sellers. ” How can buyers afford to put more down? . ” How can buyers afford to put more down? Down payments were 3.4

Buyers 248

Buyers Inventory Housing Market Government 248

Housing Wire

FEBRUARY 3, 2025

The company’s newest National Housing Market Outlook shows that buyers are gravitating toward government-backed loans in their search for affordability. As a result, more buyers are turning to products like Federal Housing Administration (FHA) loans, which accounted for 24% of primary home purchases in 2024, and U.S.

Government 431

Government Loan Officers Buyers Finance 431

Housing Wire

MAY 16, 2024

The MLS is crucial for home sellers , even in a strong seller’s market, as it provides significant financial benefits and access to more potential buyers, according to a recent study by Bright MLS called “On-MLS Study: Measuring the Benefits of an Open and Transparent Housing Marketplace.” They would be wrong.

Sellers 441

Sellers Real Estate Buyers Marketing 441

Housing Wire

SEPTEMBER 5, 2024

in 2022, according to HUD. Because FHA accepts lower credit scores , higher debt-to-income ratios and lower down payments than most conventional mortgages, first-time buyers have relied on them due to the ongoing affordability challenges in today’s housing market from elevated prices and mortgage rates. of the U.S.

Buyers 476

Buyers Real Estate Agent Inspection Real Estate 476

Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 480

Buyers Contracts Agents Realtors 480

Housing Wire

NOVEMBER 4, 2024

market share, while first-quarter 2022 saw a record high of 34.4%. Nearly 93% of homeowners with mortgages had rates below 6% in mid-2022, but that share dropped by roughly 4 percentage points at the start of the year, according to Redfin. Census Bureau. This marked the lowest market share for new homes in three years.

Marketing 370

Marketing Inventory Construction Realtors 370

Housing Wire

JUNE 24, 2024

Bright MLS — one of the nation’s largest multiple listing services that covers six Mid-Atlantic states and the District of Columbia — recently polled buyer and seller agents on what their clients are thinking during their home searches, including thoughts on mortgage rate hikes that have plagued other markets. Another 23.5%

Buyers 418

Buyers Mortgage Clients Sellers 418

Housing Wire

APRIL 10, 2024

Perhaps the most striking detail gleaned from a HousingWire analysis of millions of single-family purchase mortgages is how much more homebuyers had to pay in 2023 compared to 2022. The rapid run-up in mortgage rates after years of low rates was a shock to buyers and a disincentive for prospective sellers to list their homes.

Buyers 468

Buyers Mortgage Brokerage Inventory 468