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. housing market is seeing that now. The pace of sellers has plateaued for the year.

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Inventory Sellers New Listings Property Taxes 458

Housing Wire

MAY 15, 2024

In the 24 months beginning March 2022, the U.S. housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. That’s a swing of 17% fewer sellers in just a matter of days.

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Mortgage New Listings Inventory Sellers 459

Housing Wire

APRIL 26, 2024

home sellers reaped slimmer profit margins on median-priced single-family homes and condominiums during the first quarter of 2024. Investment returns for sellers fell for the second straight quarter. We saw a similar downward pattern from late 2022 into early 2023, and then the market surged. Home Sales Report.

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Sellers Housing Market Investing Marketing 459

Housing Wire

JUNE 10, 2024

In the 24 months beginning March 2022, the U.S. housing market saw dramatic changes in affordability as mortgage rates skyrocketed 500 basis points. However, if you ask, most people think the mortgage lock-in occurred in 2022. million fewer home sales between March 2022 and December 2023.

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Mortgage Inventory New Listings Sellers 468

Housing Wire

APRIL 3, 2024

The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), made up a combined 38% of the home purchase market last year, up from 28% in 2022, according to the 2024 Home Buyers and Sellers Generational Trends report from the National Association of Realtors (NAR).

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Marketing Buyers Sellers Realtors 526

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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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.

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Sellers Buyers New Listings Mortgage 435

Housing Wire

AUGUST 14, 2024

Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. The deal is indicative of how details matter in a market like Denver where home-price growth has slowed dramatically after a surge in post-pandemic migration to the metro area caused valuations to rise sharply in a short period of time.

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Buyers Housing Market Marketing Sellers 468

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.

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Housing Market Marketing Sellers Buyers 479

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 as of Jan.

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Housing Market Inventory Marketing Sellers 418

Housing Wire

DECEMBER 23, 2023

housing market and that they need to be pro-housing again. Even with all the drama we have dealt with in 2022-2023, the housing market stayed intact and never broke. However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. This is a big Merry Christmas gift for the housing market.

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Housing Market Marketing Inventory New Listings 538

Housing Wire

DECEMBER 9, 2024

Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Does the housing market start to get back to normal? The number of unsold homes on the market is finally getting closer to 2019 levels. But, the market change isnt evenly distributed. Two and a half years.

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Housing Market Marketing Inventory Sellers 418

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. Data from Altos Research shows an area with expensive housing, rising inventory and conditions that lean favorable to sellers. million, $3.9

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Housing Market Marketing Sellers New Listings 393

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

Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The real estate market As of Jan. And the median days on the market was 56 in December , compared to the national median of 43.

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Housing Market Marketing Logistics Real Estate 468

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. The housing sector — especially real estate and mortgage — has seen significant layoffs , while the general economy will create more than 4 million jobs in 2022. Jobs are being lost.

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Housing Market Marketing Inventory Sellers 546

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.

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Mortgage Inventory Marketing New Listings 508

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. While a robust housing market is generally a positive thing, this is not all good news to every person. There are millions of would-be homebuyers who are simply priced out of the market.

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Housing Market Marketing Inventory Contracts 531

Housing Wire

JUNE 20, 2024

On the sell side, agents say that low mortgage rates from a purchase or refinance transaction in late 2020 or early 2021 are keeping many potential sellers in their home. “A As of June 14, the state had a 90-day average of 10,393 single-family active listings on the market. Again, agents attribute the cooler market to interest rates.

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Housing Market Agents Marketing Inventory 448

Housing Wire

DECEMBER 7, 2022

Now, with five weeks of data in front of us, we can say they have stabilized the market. These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008.

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Housing Market Mortgage Marketing Inventory 544

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

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. From 2013 to 2022 I forecasted price growth every year.

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Housing Market Marketing Inventory New Listings 543

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.

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Insurance Housing Market Marketing Agents 459

Housing Wire

DECEMBER 4, 2023

Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housing market. Home prices will also be up and we have more homes under contract than we did at the end of 2022. Watch the video above to get the latest housing market update from Altos Research. housing market in 2024.

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Housing Market Marketing Inventory New Listings 505

Housing Wire

JULY 1, 2024

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. housing market as we’re now in the second half of the year. for the week There are now 646,000 single-family homes unsold on the market around the U.S. Inventory up 1.8%

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Real Estate New Listings Inventory Marketing 435

Housing Wire

JANUARY 16, 2023

The weekly data shows some good news for the housing market ! With mortgage rates also falling, I am hopeful that more people will list their homes and buy another, so we can get back to a more functional housing market. One caution is that this data line took a waterfall dive, wiping out seven years of growth in 2022.

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Inventory Housing Market Marketing Mortgage 534

Housing Wire

APRIL 16, 2023

Purchase application data was up 8% weekly, and the year-over-year decline was the lowest since September 2022. Since the second half of 2022, after mortgage rates reached 6.25%, new listing data has been in a constant year-over-year decline and hasn’t recovered. The answer is no!

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Inventory Housing Market Marketing New Listings 539

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

JANUARY 8, 2024

2022 started insanely strong and weakened rapidly in the second quarter. Could the housing market change and slow again in 2024? The data does not show any slowing on any of the active market metrics. Sellers are coming back There are 499,000 single-family homes unsold on the market now. That’s certainly possible.

Real Estate 508

Real Estate Marketing Inventory New Listings 508

Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Traditionally, we do see housing inventory fall in the month of December, however, we clearly saw in the second half of 2022 that higher rates created more days on the market and inventory was lingering longer. 30, 2022-Jan. 31, 2021-Jan.

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Inventory Housing Market Marketing New Listings 542

Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. We have often discussed that the housing market dynamics changed starting Nov.

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Inventory Housing Market Marketing New Listings 482

Housing Wire

OCTOBER 21, 2024

real estate market is marked by contradictions that are leaving many confused. It’s a complex landscape where the tension between renting and owning is more pronounced than ever, and regional differences in housing demand highlight the uneven nature of the market. As 2025 approaches, the U.S. reflect a growing divide.

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Real Estate Marketing Insurance Property Taxes 493

Housing Wire

NOVEMBER 6, 2023

held up in 2023, sales volume in the housing market cratered. If we get lucky with mortgage rates, though, we might just be at the bottom of the housing market recession right now. To get the weekly picture of the housing market, watch the video above. of the homes on the housing market have had a price cut. Plus, 39.2%

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Housing Market Marketing Inventory Contracts 516

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. Also, the volume of active listings was higher in 2022 this week, even though we were working from a lower level. However, even with that, the labor market, while getting softer, hasn’t broken yet.

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Inventory Housing Market Marketing New Listings 525

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).

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Housing Market Marketing Inventory Realtors 482

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.

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Housing Market Marketing Inventory Agents 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?

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Housing Market Marketing Inventory Real Estate 363