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

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. That’s up 2.4%

Sellers 508

Sellers Marketing Inventory Contracts 508

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

FEBRUARY 24, 2025

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. Its hard to grow inventory too much when there arent many sellers. Demand is slower so more of the sellers are sitting on the market. In 2022, thats the green line here.

Inventory 494

Inventory New Listings Sellers Contracts 494

Housing Wire

NOVEMBER 20, 2024

Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional real estate agent is the best way to sell. Of the surveyed pool, 42% have sold since late 2022 as rising mortgage rates cooled the post-pandemic market.

Real Estate Agent 476

Real Estate Agent Real Estate Agents Sellers 476

Housing Wire

JANUARY 29, 2025

In the current climate, homebuilders have advantages over existing-home sellers. High mortgage rates have kept potential sellers out of the market because many secured rock-bottom rates from the period after the financial crisis through 2022, when the Federal Reserve began to rapidly raise interest rates to combat inflation.

Sellers 480

Sellers Housing Market Realtors Inventory 480

Appraisal Buzz

JANUARY 27, 2025

Profit margins for home sellers decreased in 2024 compared with 2023, despite rising home prices, a report from ATTOM shows. Home sellers made a $122,500 profit on typical sales nationwide last year, generating a 53.8% Either will have a significant effect on seller returns. return on investment. Thats down from 56.9%

Sellers 195

Sellers Housing Market Investing Appraisal 195

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

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

Housing Wire

JANUARY 24, 2025

Notably, we compared the data from 2022 and 2023 and noticed positive year-over-year data starting in October 2024, which you can see in the chart below. months we saw with distressed sellers in 2008. We observed a shift in the forward-looking data starting in the summer, which continued throughout the year. Now, back to reality.

Inventory 482

Inventory Housing Market Sellers Marketing 482

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

Appraisal Buzz

OCTOBER 31, 2024

A History of Policy Change In mid-March of this year, NAR announced an agreement to resolve litigation over broker commission claims asserted on behalf of home sellers. 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

MARCH 14, 2025

New listings move upward, but remain historically low Altos uses new real estate listings data as a key indicator of seller activity in the D.C New listings volume grows each year during the spring months, and this year seller rates appear to be accelerating faster than in recent years. housing market. As unemployment in D.C

Housing Market 365

Housing Market Marketing New Listings Inventory 365

Housing Wire

MAY 15, 2024

In the 24 months beginning March 2022, the U.S. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. The lower rates go, the fewer home sellers we have.

Mortgage 459

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.

Sellers 459

Sellers Housing Market Investing Marketing 459

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 433

Sellers Real Estate Buyers Marketing 433

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. Home sellers and listing agents know where demand is for homes.

Inventory 396

Inventory Sellers New Listings Contracts 396

Housing Wire

JUNE 10, 2024

In the 24 months beginning March 2022, the U.S. However, if you ask, most people think the mortgage lock-in occurred in 2022. million fewer home sales between March 2022 and December 2023. What’s not measured in the FHFA paper is how by 2023, seller volume had already been declining for nearly a decade.

Mortgage 468

Mortgage Inventory New Listings Sellers 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 397

New Listings Inventory Housing Market Sellers 397

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 392

Housing Market Marketing Sellers New Listings 392

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

Appraisal Buzz

NOVEMBER 1, 2024

at the beginning of 2022 and 30.5% Since the supply of new-construction homes increased in 2022 and 2023 while the supply of existing homes decreased, a significant percentage of homes for sale during the past four years have been newly constructed. in Q2 of 2022. in Q1 of 2022. in Q1 of 2022. in Q1 of 2022. “A

Construction 370

Construction Inventory Real Estate Agent Agents 370

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% above last year.

Inventory 413

Inventory New Listings Housing Market Sellers 413

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

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. According to the brokerage, 6.5%

Sellers 516

Sellers Buyers Real Estate Agent Inventory 516

Appraisal Buzz

JUNE 14, 2024

Sales are sluggish because high homebuying costs are making both house hunters and prospective sellers skittish. Even though homes are selling for higher prices than ever before, many sellers are still having to drop their list prices after putting their properties on the market—one positive sign for potential homebuyers. Ongoing U.S.

Sellers 435

Sellers Buyers New Listings Mortgage 435

Housing Wire

JANUARY 9, 2025

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. Statewide, the housing market has a 90-day average Altos Market Action Index score of 44.18 as of Jan. a year ago.

Housing Market 418

Housing Market Inventory Marketing Sellers 418

Housing Wire

NOVEMBER 23, 2024

24): Inventory fell from 569,898 to 565,875 The all-time inventory bottom was in 2022 at 240,497 The inventory peak for 2024 so far is 739,434 For some context, active listings for this week in 2015 were 1,104,310 New listings data While active inventory didn’t rise, we did get a nice boost in new listings this last week.

Mortgage 514

Mortgage Inventory New Listings Contracts 514

Appraisal Buzz

MARCH 3, 2025

in February of previous year, indicating that sellers are becoming more accustomed to the present market conditions. over the previous year, making 2019 February the most active month for sellers since 2021. Sellers also listed their homes at higher rates than the previous year, with the number of newly listed homes rising 4.2%

Sellers 368

Sellers Marketing New Listings Inventory 368

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

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. Some 39.4%

Inventory 396

Inventory New Listings Sellers Contracts 396

Housing Wire

OCTOBER 13, 2024

One of the reasons total inventory data hasn’t gotten back to 2019 levels is the lack of sellers in 2023 and 2024. Here are new listings for last week over the past several years: 2024: 62,876 2023: 57,229 2022: 59,458 Price-cut percentage In an average year, one-third of all homes take a price cut — this is standard housing activity.

Inventory 511

Inventory New Listings Retail Mortgage 511

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. Elevated mortgage rates, sky-high home prices, tight credit and stagnant wages have all contributed to homebuyers getting older.

Real Estate Agent 345

Real Estate Agent Buyers Sellers Realtors 345

Appraisal Buzz

JANUARY 31, 2025

Now its pretty clear that sellers arent slashing asking prices and mortgage rates arent plummeting, so mindsets are shifting. Key findings from the four weeks ending January 26: Before the seller accepted an offer, the average U.S. Key findings from the four weeks ending January 26: Before the seller accepted an offer, the average U.S.

New Listings 390

New Listings Sellers Buyers Mortgage 390

Appraisal Buzz

NOVEMBER 4, 2024

Housing Markets The median household income for the average homebuyer increased from $107,000 in 2022 to $108,800 in 2023. The highest documented average age of home sellers was 63 years old. The majority of sellers (87%) stated that they would refer their agent for future services either definitely (72%) or possibly (15%).

Real Estate Agent 370

Real Estate Agent Buyers Sellers Real Estate 370

Appraisal Buzz

NOVEMBER 26, 2024

With more properties available to buyers, sellers will be under pressure to compete. A large decline in mortgage rates is expected to increase competition and provide sellers more negotiation leverage by bringing more buyers than sellers back to the market. Americans have also began to embrace small-home living.

Housing Market 396

Housing Market Tenants Marketing Mortgage 396

Housing Wire

NOVEMBER 13, 2024

A report from Compass found that in 2022 alone, 10 U.S. ” The resort network will provide agents and clients in these markets with additional support, as buyers and sellers operating in these places often expect a higher quality of service from their agents. markets saw homes priced at $10 million or more sell for the first time.

Agents 370

Agents Marketing Luxury Properties Real Estate 370