Housing Wire

APRIL 27, 2024

Active weekly housing inventory growth slowed slightly last week, but it’s still running at a healthier clip than in 2023. Weekly housing inventory data We’ve now had back-to-back weeks of healthy housing inventory growth and spring 2024 is much healthier than spring 2023. Last year, we never hit that target.

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Inventory Housing Market Marketing New Listings 514

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. Between 2018 and 2023, homeowners insurance rates in Louisiana jumped 24.9%, according to an analysis by S&P Global. From 2022 to 2023 alone, rates jumped 21.2%.

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Insurance Housing Market Marketing Agents 459

Appraisal Buzz

OCTOBER 31, 2024

from Q4 of 2023 and 3.3% Despite their potential to draw in vandalism and spread community blight, zombie foreclosures continue to have little to no effect on the majority of local housing markets. This was a decrease from 8,903 in Q4 of 2023 but an increase of 1.5% were in foreclosure, according to the data.

Housing Market 369

Housing Market Marketing Investors Construction 369

Housing Wire

JULY 29, 2024

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. That’ll be a 20% increase over the end of 2023. would start to shake some buyers free.

Housing Market 456

Housing Market Marketing Inventory New Listings 456

Housing Wire

JANUARY 18, 2024

Overall, an estimated 1.413 million units were started in 2023, a drop of 9.0% Looking ahead, homebuyers who may be looking to purchase a new construction home may continue to struggle with lack of inventory in 2024, as the overall estimated number of building permits issued in 2023 was down 11.7% compared to 2022. monthly and 6.1%

Construction 488

Construction Real Estate Housing Market Buyers 488

Housing Wire

MARCH 29, 2024

It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. The market is still strong,” said Wendy Cash, a broker at Austin area-based Century 21 Hellmann Stribling. Buyers are still buying and sellers are still selling.

Housing Market 459

Housing Market Agents Marketing Inventory 459

Appraisal Buzz

AUGUST 14, 2024

homebuyers as a strong economy bolsters the housing market, according to the Realtor.com 2024 Forecast Update. After hitting their lowest point since May 2023 earlier this month, rates are expected to continue falling as the Federal Reserve potentially relaxes its tight monetary policy, thanks to improving inflation trends.

Housing Market 395

Housing Market Marketing Mortgage Inventory 395

Housing Wire

SEPTEMBER 5, 2024

Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market.

Buyers 493

Buyers Marketing Mortgage Real Estate Agent 493

Housing Wire

JULY 6, 2024

Now that we are halfway through the year, we can see that active inventory in America is growing, unlike what happened in 2023. This is precisely what the doctor ordered for the housing market. As we can see below, it’s a much healthier year in inventory growth data than in 2023. However, this year, spreads have improved.

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Housing Market Mortgage Inventory Marketing 476

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We In mid-June 2023, the statewide 90-day average Altos Market Action Index score hit a high for year of 53.99, before sliding down to a trough of 40.03

Housing Market 468

Housing Market Marketing Inventory Construction 468

Housing Wire

JANUARY 30, 2024

housing market has reached its least affordable point in decades and housing agencies have increasingly rolled out homebuyer assistance programs to tackle this issue. A total of 135 new homebuyer assistance programs were introduced in 2023, a 6% increase over the previous year.

Landlords 518

Landlords Housing Market Design Mortgage 518

Appraisal Buzz

SEPTEMBER 5, 2024

With the total number of homes on the market at its greatest point since May 2020 and interest rates about to start declining, buyers will have more options this autumn. The Realtor.com August Housing Trends Report shows that the number of homes actively for sale increased by 35.8% year-over-year increase. from July’s levels.

Sellers 397

Sellers Housing Market Buyers Marketing 397

Housing Wire

JULY 23, 2024

Record-high home prices and elevated mortgage rates are prompting buyers to back out of home purchase agreements at elevated levels. Redfin ’s newest housing market report shows that buyers backed out of 56,000 purchase agreements in June, which constitutes 14.9% In his market, 17.6% of buyers canceled in June.

Buyers 459

Buyers HOA Property Taxes Inspection 459

Appraisal Buzz

AUGUST 8, 2024

housing market is rapidly approaching the $50 trillion mark, with the total value of homes across the country hitting a record $49.6 Mortgage rates have started falling, but many potential sellers and buyers are waiting to make a move, meaning we are likely to continue seeing a pattern where prices slowly tick up,” said Zhao.

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Valuation Housing Market Marketing Home Value 417

Housing Wire

JUNE 20, 2024

Despite the state’s tight inventory, the housing market is not as hot as one might expect. The state has an Altos Market Action Index score of 54, down from 63 in May 2022, when there were only 800 fewer active listings on the market. Buyers are taking their time and they definitely are being pickier,” Wallace said.

Housing Market 448

Housing Market Agents Marketing Inventory 448

Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Millennials comprised 75% of this demographic, with older millennials and Generation X (ages 44 to 58) accounting for 44% and 24% of first-time buyers.

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Housing Market Marketing Training New Listings 482

Housing Wire

DECEMBER 12, 2024

Institutional sellers at distressed property auctions have gradually lowered pricing over the last six months as rising retail inventory and stubbornly high mortgage rates act as twin headwinds for buyers purchasing at these auctions. Register today to attend the Housing Economic Summit in Dallas, on Feb.

Housing Market 366

Housing Market Retail Marketing Sellers 366

Housing Wire

NOVEMBER 18, 2024

What will the housing market look like in 2025? For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more. Mortgage rates continue to move higher and that’s impacting buyers. Frankly, it feels like the housing market is contracting a bit now in November.

Housing Market 448

Housing Market New Listings Marketing Inventory 448

Housing Wire

MARCH 12, 2024

in 2023, with a net gain of 377,000 Hispanic owner households from the previous year. million Hispanic households own their home, the National Association of Hispanic Real Estate Professionals ( NAHREP ) said in its 2023 State of Hispanic Homeownership Report released on Tuesday. In total, more than 9.5 of overall U.S. About 29.5%

Real Estate Agent 482

Real Estate Agent Real Estate Buyers Realty 482

Appraisal Buzz

NOVEMBER 22, 2024

Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housing market, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory. Among specialists, 32.8% elections. “A

Buyers 417

Buyers Luxury Properties Marketing Inventory 417

Housing Wire

SEPTEMBER 24, 2024

People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. Buyers] have been the ones to benefit from just the steadiness and lack of volatility.” Like many other big cities across the country, the COVID-19 pandemic wasn’t kind to Chicago.

Housing Market 459

Housing Market Marketing Property Taxes Inventory 459

Housing Wire

JULY 26, 2024

The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housing market sentiments and challenges faced by real estate agents, brokers, and mortgage professionals. The survey reveals a generally cautious optimism among these sectors, despite varied expectations regarding market trends over the next three months.

Housing Market 482

Housing Market Real Estate Agent Marketing Training 482

Housing Wire

OCTOBER 7, 2024

The purchase market is slower to respond, and the data now is still showing the positive impact of lower rates of recent weeks. Mortgage rates bounced back up over the last couple days, and it demonstrates how fragile this housing market recovery could be. There were very few buyers in the fourth quarter 2023.

Housing Market 476

Housing Market Marketing Mortgage Contracts 476

Housing Wire

MAY 13, 2024

In 2023, home purchases slowed across the board due to low levels of inventory, high mortgage rates and soaring home prices. Nationwide, 90,772 mortgages for second homes were originated in 2023, down 40% from a year earlier and down 65% from the height of the post-pandemic housing boom in 2021, according to a new report from Redfin.

Mortgage 459

Mortgage Marketing Buyers Investing 459

Housing Wire

DECEMBER 19, 2024

Known for its rural communities, quaint towns, scenic lakes and mountain vistas, New Hampshire is probably not where you would expect to find one of the nations hottest housing markets but the data says otherwise. 18, with a market action index score of 55.77. We need to get 6,000 or 7,000 homes on the market a month.

Housing Market 393

Housing Market Marketing Inventory Clients 393

Housing Wire

FEBRUARY 13, 2024

Despite high mortgage rates , master planned communities (MPCs) did well in 2023. According to a survey released Tuesday by John Burns Research & Consulting , the top 50 MPCs sold more than 34,600 new homes in 2023, up 24% from the nearly 28,000 sales in 2022.

Buyers 482

Buyers Design Construction Marketing 482

Housing Wire

SEPTEMBER 5, 2024

The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in tight markets. mortgage market in 2023, up from 14.3% of the U.S. in 2022, according to HUD.

Buyers 475

Buyers Real Estate Agent Inspection Real Estate 475

Appraisal Buzz

SEPTEMBER 20, 2024

housing market is experiencing significant variability, with some cities seeing homes fly off the market while others are witnessing prolonged delays. As of July 2024, the average home spends 35 days on the market, but this figure varies widely depending on the location. Wichita’s 4.9%

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Housing Market Marketing Inventory Buyers 415

Housing Wire

AUGUST 6, 2024

Redfin CEO Glenn Kelman said Tuesday on the company’s second-quarter 2024 earnings call that he expects business to improve when the housing market speeds up after mortgage rates come down. Kelman addressed the impact of the settlement that the National Association of Realtors (NAR) agreed to regarding buyer agent commissions.

Housing Market 487

Housing Market Marketing Brokerage Agents 487

Housing Wire

AUGUST 2, 2024

home seller pays a 2.55% commission to the real estate agent hired by their buyer, down from an average of 2.62% in January, according to a Redfin analysis of MLS data. 28 and July 14 of this year to compare average commission rates paid to a buyer’s agent. The typical U.S.

Agents 476

Agents Buyers Real Estate Agent Sellers 476

Appraisal Buzz

AUGUST 14, 2024

With lower housing costs and more homes for sale, these second cities clustered in the South, Midwest, and Northeast, are likely to continue to attract movers from all over.” Ranking the Top Hot Spots Earning the top spot, Columbus, Ohio consistently ranked high among Realtor.com hottest housing markets and top emerging housing markets.

Housing Market 397

Housing Market Marketing Home Value Inventory 397

Housing Wire

JUNE 24, 2024

Mortgage rates continue to hover around 7%, as they have since the latter half of 2023 when the Federal Reserve stopped raising benchmark rates. While the conventional wisdom is that high rates are choking the housing market, a new survey suggests it’s not as all-encompassing as one might think. Another 23.5% Another 23.5%

Buyers 418

Buyers Mortgage Clients Agents 418

Housing Wire

MAY 3, 2024

Compounding the issues created by the state’s lack of inventory is the volume of out-of-state buyers still moving into North Carolina. According to United Van Lines ’ 2023 National Movers Study , North Carolina was the No. metros with the highest net in-migration in 2023. “We 6 state for inbound moves, with 60.1% being outbound.

Inventory 433

Inventory Housing Market Marketing Real Estate 433

Housing Wire

SEPTEMBER 30, 2024

The national real estate brokerage analyzed household income levels and monthly housing payments to calculate its affordability metric. Buyers in August 2024 needed to earn $77,000 per year to afford a median-priced starter home of $250,000. from August 2023, when the median price was $240,000. in August, according to Redfin.

Buyers 476

Buyers Real Estate Mortgage Brokerage 476

Housing Wire

DECEMBER 16, 2024

As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Almost every market in the country has more homes available now than at the end of 2023. A few states have more homes on the market now than any time in the last eight to 10 years. more than a year ago.

Inventory 369

Inventory Housing Market Marketing Sellers 369

Housing Wire

JUNE 18, 2024

Last month’s reading marked the smallest monthly increase on a seasonally adjusted basis since January 2023. Redfin attributes the slower price growth to a housing shortage that is less severe than a year ago. If sellers come back faster, prices would likely cool, but if buyers come back faster, prices would likely ramp up.”

New Listings 468

New Listings Sellers Buyers Mortgage 468

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