Housing Wire

DECEMBER 10, 2021

As we approach the end of another hot year for the market, homebuyers and sellers are eagerly looking ahead to the 2022 housing market. Demand will continue to be strong into 2022. In a normal market, we tend to see about 30% to 35% of sellers initially over-price their homes and eventually reduce the price to attract buyers.

Housing Market 543

Housing Market Marketing Inventory Sellers 543

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom.

Housing Market 529

Housing Market Marketing Real Estate Agent Real Estate 529

Housing Wire

MAY 28, 2024

No one wants a scenario in which there’s a flood of sellers but no buyers. You can also see the light red line from 2022 when rates were first skyrocketing. Inventory in 2022 was building much more quickly than it is now. As previously mentioned, any signs of rising seller volume is helpful to this market.

Inventory 534

Inventory New Listings Contracts Sellers 534

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

OCTOBER 31, 2023

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. There are far fewer sellers now than in any recent year. However, last year’s seller decline was much more steep.

New Listings 511

New Listings Inventory Contracts Housing Market 511

Housing Wire

OCTOBER 28, 2024

The median price of the homes that went into contract this week — these are the new purchase offers with contracts pending — is now 6% greater than last year. 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. Home prices ticked up this week.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

JUNE 3, 2024

These are the homes that go into contract immediately after listing. New listings dry up On the other hand, inventory can’t build too much if sellers don’t sell. There are some signals of seller volume drying up. Seller volume in 2024 had been slowly growing, and I viewed that as an optimistic trend.

Inventory 516

Inventory Contracts New Listings Sellers 516

Housing Wire

JULY 8, 2024

New listings show 12% more sellers than a year ago When we look at the new supply hitting the market each week, we see the same trend we’ve had for a few months. There are more sellers than a year ago, but still not a lot of sellers. That’s 114,000 sellers vs. 87,000 now. We see that sellers are still restricted.

Inventory 482

Inventory Contracts Sellers New Listings 482

Appraisal Buzz

DECEMBER 27, 2021

Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. Five months later, the frequency increased to 19%, leaving homebuyers to either pay more out of pocket or request the seller to lower their asking price. of homes are valued lower than the contract price. More Remote Contact.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Housing Wire

APRIL 22, 2024

We’re rapidly approaching the peak of the market in terms of seller listings, and as inventory builds, the sales rate will peak by the end of June. We are also consistently measuring more sellers coming back into the market. In fact, there are more new sellers this week than in any week of 2023. But we’re not close to that yet.

Inventory 531

Inventory New Listings Sellers Contracts 531

Housing Wire

MAY 6, 2024

There are now 83% more homes on the market than in May 2022. More home sellers are coming back to the market each week. These are new listings that are already under contract, so they’re not counted in the active inventory. That makes a total seller count of 93,000 for the week, which is 20% more than last year at this time.

Inventory 476

Inventory Contracts Sellers New Listings 476

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. More sellers means more sales will happen.

New Listings 511

New Listings Inventory Contracts Sellers 511

Housing Wire

MAY 13, 2024

If you need to communicate about the real estate market with buyers and sellers, you should join us. It’s the peak season for buyers and sellers. Remember that, back in 2022, as mortgage rates were rising quickly, so too was inventory. There are more sellers now as rates have stayed higher for longer. That’s up 1.5%

New Listings 501

New Listings Contracts Inventory Sellers 501

Housing Wire

JULY 29, 2024

New home sales contracts are coming in pretty consistently fewer than last year — 4.9% 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. There are fewer sellers than normal, and slightly more than last year, but the gap from last year is closing.

Housing Market 458

Housing Market Marketing Inventory New Listings 458

Housing Wire

NOVEMBER 27, 2023

There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. A few more sellers appear to be braving the market each week. We had 52,000 new pending sales this week. We had 52,000 new pending sales this week. That’s 5% more sales initiated than this time a year ago.

New Listings 508

New Listings Contracts Inventory Housing Market 508

Housing Wire

JANUARY 2, 2024

We have more homes going into contract each week now than we did a year ago — supply and demand are climbing together. That’s fewer than last week of course it’s the holidays, but it’s almost 5% more than where we ended 2022. Each week sellers are easing back into the market a little more than last year.

Housing Market 531

Housing Market Marketing Inventory Contracts 531

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. There were another 15,000 new listings that are already in contract, which is very low for immediate sales recently. In fact, sellers seem to be pulling back.

Buyers 488

Buyers Inventory New Listings Sellers 488

Housing Wire

APRIL 1, 2024

As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. At the same time, seller volume dried up. But now sellers are coming back into the market. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country.

Inventory 488

Inventory New Listings Contracts Sellers 488

Housing Wire

MAY 20, 2024

The second dynamic to watch here is how many sellers are cutting their prices each week. It’s not as steep as 2022 — the market now is not shifting as quickly from big growth to price declines, like it did briefly about 18 months ago. That’s a pinch fewer sellers than last week, still 13% more sellers each week than a year ago.

Inventory 468

Inventory New Listings Sellers Contracts 468

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 508

Mortgage Inventory Marketing New Listings 508

Housing Wire

JANUARY 29, 2024

The headline was an impressive 8% jump over December of 2022. Homes in contract rises There are more homes in contract now than last year at this time. Sales growth is not guaranteed This week there were 56,000 contracts started for single-family home purchases. So, this growth is fragile. Finally back to growth.

Contracts 448

Contracts Inventory Housing Market Mortgage 448

Housing Wire

APRIL 15, 2024

How will homebuyers and sellers react and how quickly can we measure it? Available inventory of unsold homes on the market is 30% greater than last year at this time and 102% more than in mid-April 2022. In early 2022, inventory rose quickly and home prices fell in Q4 of that year. But the U.S. This concept is counter-intuitive.

Inventory 459

Inventory Mortgage New Listings Sellers 459

Housing Wire

OCTOBER 16, 2023

The leading indicators for sales prices show that 2023 will end with home price gains of 1-2% over 2022, but the 2024 outlook is weakening and depends on your view of mortgage rates in Q1 and whether home prices will appreciate next year. Note the inventory climb is not from sellers. 5% fewer sellers each week than last year.

Inventory 482

Inventory Contracts Sellers New Listings 482

Housing Wire

JANUARY 8, 2024

2022 started insanely strong and weakened rapidly in the second quarter. Sellers are coming back There are 499,000 single-family homes unsold on the market now. There are slightly more sellers each week. Last year, was marked by how few sellers there were. We can expect to have more sellers all year.

Real Estate 508

Real Estate Marketing Inventory New Listings 508

Housing Wire

NOVEMBER 20, 2023

It looks like this is evidence that housing markets are returning to normal rather than a case of sellers panicking, but it’s worth keeping an eye on. After all, more sellers means more sales in 2024. That’s more new sellers this year than the same week a year ago, signaling a tiny improvement in our supply-starved housing market.

Inventory 476

Inventory New Listings Housing Market Sellers 476

Housing Wire

JUNE 14, 2024

Data continues to reflect seller-friendly market conditions as the median sale price reached another record high of $439,716 — up 5.1% Sales are sluggish because high homebuying costs are making both house hunters and prospective sellers skittish. seen in October 2022. in May 2022. year over year. That was up from 13.2%

Sellers 488

Sellers Buyers Contracts Brokerage 488

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 525

Mortgage Inventory New Listings Contracts 525

Housing Wire

NOVEMBER 6, 2023

Additionally, there are 62,000 new listings this week, with 9,000 of those already under contract. We have the same number of sellers now as last year, which tells us that further declines in home sales because of supply constraints are unlikely. Now the trajectory is the same. Now the trajectory is the same. Plus, 39.2%

Housing Market 516

Housing Market Marketing Inventory Contracts 516

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 468

Inventory New Listings Sellers Contracts 468

Housing Wire

JULY 20, 2024

Low inventory has plagued the housing market since the pandemic, plummeting to all-time lows in March of 2022 when we only had 240,000 single-family homes available for sale. 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.

Inventory 526

Inventory New Listings Contracts Mortgage 526

Housing Wire

APRIL 30, 2024

Unsold inventory was nearly 32% higher than at this time last year and 90% higher compared to the end of April 2022. “The It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. On the more bullish side, more inventory could result in more sales.

Mortgage 448

Mortgage New Listings Inventory Sellers 448

Housing Wire

OCTOBER 28, 2024

While Monestier, who reportedly sold her Rhode Island home in 2022 and is part of the affected class, believes sellers were paying “inflated commissions,” she feels that prior to the settlement changes going into effect, the rules governing the industry were “clear and confusion did not reign supreme.”

Business 468

Business Sellers Realtors Buyers 468

Housing Wire

AUGUST 6, 2024

The supply of sellers is the other side of the inventory equation. When we look at the new listings pace, there’s no sign of a plethora of sellers are reaching the market. There are slightly more sellers than last year, but seller pace is still very restricted. These homes were on the market and are now in contract.

Mortgage 482

Mortgage Inventory New Listings Contracts 482

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.

Sellers 459

Sellers Buyers Real Estate Contracts 459

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. That’s an increase of 7% more sellers than a week ago and 10% more than the same week a year ago. Are there too many sellers?

Inventory 468

Inventory New Listings Sellers Contracts 468

Housing Wire

JUNE 22, 2024

Purchase application data When mortgage rates fell more than 1% lower in late 2022 and 2023, we saw a sustained bounce higher in purchase application data, which eventually lead to a higher monthly sales print. With more sellers who are buyers, we have a tad more demand this year. Mortgage rates didn’t move too much either way.

Mortgage 482

Mortgage Inventory New Listings Contracts 482

Housing Wire

JULY 15, 2024

Contrast this week to 2022, when inventory rose by 3% during the holiday week. That’s a very small number of new listings that took offers and went into contract immediately. The 68,000 total new listings is actually 6% fewer sellers than last year. There are 382,000 total single-family homes in contract now.

Housing Market 497

Housing Market New Listings Marketing Mortgage 497