Housing Wire

JULY 22, 2024

will be significant enough move in rates to move the needle for buyers. This is the same gap as we’ve been at for a while — just around 40% inventory growth over 2023. New listings rise This week saw 69,000 new single family listings unsold. The price of the new listings rebounded this week to $425,000.

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Buyers Inventory New Listings Sellers 488

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. New listings: New listings rose most in San Jose, CA (32.7%), Seattle (31.2%) and Denver (31.1%).

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Sellers Buyers New Listings Mortgage 435

Housing Wire

DECEMBER 28, 2022

After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Heading into 2023, it seems well within reason, given current trends, that a peak-to-trough decline in home prices of 10% is possible. . There will be two key differences between 2023 and 2010. Home Prices will fall, but don’t expect 2010.

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Housing Market Marketing Inventory Mortgage 505

Appraisal Buzz

NOVEMBER 22, 2024

The bi-annual report reveals a resilient luxury real estate market in the first six months of 2024 that is slightly outpacing performance from the equivalent period in 2023. Those trends include buyers’ pursuit of “forever dream homes” which, according to agents, offer adaptability to grow and change alongside homeowners’ evolving lifestyles.

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Buyers Luxury Properties Marketing Inventory 417

Housing Wire

FEBRUARY 3, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. We might only be a few weeks into 2023, but these first weeks have been rich with informative data. Mortgage Rates In January, rates were hovering in the 6% range.

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Housing Market Marketing Inventory New Listings 370

Housing Wire

DECEMBER 28, 2024

Although those 2019 levels represent a five-decade low before COVID-19, the market was still functioning better than it did from 2020 to 2023. During the first few years of COVID-19 recovery, there was an unhealthy imbalance, with too many buyers competing for too few homes. The peak New listings came in a bit over 75,000 weekly.

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Inventory Housing Market Marketing New Listings 514

Appraisal Buzz

JULY 9, 2024

The market is trending slightly in the direction of becoming more buyer-friendly thanks to these factors. While the quantity of homes on the market still trails pre-pandemic levels, home buyers are seeing more options to choose from as inventory increases,” said Danielle Hale, Chief Economist for Realtor.com. and 48.7%, respectively.

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Housing Market Buyers Marketing Inventory 418

Appraisal Buzz

DECEMBER 9, 2024

In a newly released report, according to a recent survey from Redfin , the Homebuyer Demand Index is close to its highest level seen since September 2023. Buyers realized mortgage rates may not drop below 5%, and probably not below 6%, in the near future. New listings on the for-sale market have increased by 3% annually.

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Buyers Marketing New Listings Agents 370

Housing Wire

JULY 13, 2024

In 2023, following the collapse of Silicon Valley Bank , the spreads between the 30-year mortgage and 10-year yield were at their worst, leading to new cycle highs. If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage rates would be 0.48% higher right now.

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Mortgage New Listings Inventory Contracts 514

Appraisal Buzz

MARCH 26, 2024

homes for sale climbed 5% during the four weeks ended March 17, the biggest year-over-year uptick since May 2023, according to Redfin. As of March 17, there were roughly 795,645 active listings. There were roughly 88,902 new listings added during that same four weeks – and increase of 15% and the biggest increase since June 2021.

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New Listings Buyers Marketing Inventory 195

Housing Wire

MAY 22, 2024

As you can see below, even though home prices rose in 2023, the median sales price showed negative year-over-year growth in April, May and June of last year. As you can see above, starting in September of 2023, we saw steady year-over-year price growth increases in the data, making the year-over-year price comps harder this year.

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Inventory New Listings Housing Market Contracts 514

Appraisal Buzz

AUGUST 9, 2024

According to a recent study from Redfin , the technology-powered real estate brokerage, mortgage rates fell to a daily average of 6.34% on August 5, the lowest level since April 2023. Now a lot of those buyers want to get in now, before rates get too low and cause more competition,” said Redfin Premier agent Shoshana Godwin. “One

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Buyers Real Estate New Listings Brokerage 370

Housing Wire

JANUARY 4, 2025

For some time now, its been showing positive growth versus both 2022 and 2023 data, and, in the first few days of 2025, versus 2024 data as well. In late 2022 and 2023 when rates fell over 1%, we saw a boost in demand by roughly 500,000. Last week was a holiday week, so new listings data dived; things will return to normal soon.

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New Listings Inventory Contracts Mortgage 508

Housing Wire

JANUARY 22, 2024

Those metrics, specifically the pace of new listings and new sales contracts, slowed this week. Our immediate sales metric of homes that get offers within a couple days of listing also slowed. New listings and new contracts both still show a bit of improvement over 2023, but the growth rates have slid back down.

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Real Estate New Listings Contracts Inventory 488

Housing Wire

MARCH 11, 2024

New listings To watch whether supply and demand might get out of balance with higher mortgage rates, keep an eye on the new listings volume this spring, not just the total inventory. There were 59,000 new listings unsold this week. That’s 15% growth over the pace of 2023. Last week, 30.5%

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Inventory Sellers New Listings Real Estate 516

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 we took the worst levels of the spreads from 2023 and incorporated those today, mortgage rates would be 0.52% higher.

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Mortgage Inventory Marketing New Listings 508

Housing Wire

JULY 29, 2024

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. On the supply side, new listings are slightly more than a year ago, but pulling back. If fact the “coming soon” pre-listings are now running behind last year by 5%.

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Housing Market Marketing Inventory New Listings 458

Housing Wire

AUGUST 24, 2024

Since the buyer’s commission payout isn’t as transparent as before, I have been anticipating delays in the home-buying process as people adapted to the new rules. 2024 is the second-lowest new listing year recorded in history, but we still saw growth from last year, which is a positive. Weekly inventory change (Aug.

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Inventory New Listings Sellers Mortgage 504

Housing Wire

NOVEMBER 29, 2023

In the ever-competitive real estate market, creating a consistent flow of real estate buyer leads is strategy for success. But beyond first-timers, we’ll show you how to attract real estate buyers of all kinds through a multi-tiered marketing approach that boosts both your visibility and credibility with potential buyers.

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Real Estate Buyers Tools Real Estate Agent 435

Housing Wire

JANUARY 6, 2025

The New Years week was expected to be slow, so it’s no surprise that new listings and sales are down. The Christmas and New Year’s holidays fell on Wednesdays this year, which messes up two full weeks in terms of getting home sales done and tracking the numbers. Buyer competition led to all kinds of craziness.

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Inventory New Listings Contracts Sellers 448

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. 2022: 19.2%

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Inventory Housing Market Marketing New Listings 514

Housing Wire

NOVEMBER 25, 2023

Instead, let’s look at the future: If the 10-year yield can break under 4.34% with some kick from bond buyers, we have an excellent shot at getting under 7%. Most home sellers are buyers, and we want the new listings data to show growth year over year since it appears that we have formed a bottom in 2023.

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Inventory Mortgage New Listings Buyers 537

Housing Wire

FEBRUARY 26, 2024

The average cost of a policy increased 40% in 2023 alone, according to a report by Redfin. On the demand side, buyers are wary of purchasing a condo since it has become less affordable. In Jacksonville, the median condo price declined roughly 7% year over year in January, sales declined 27% and new listings increased 32%.

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HOA Law Insurance New Listings 501

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 9, 2023

This happened even with higher home prices and higher mortgage rates in 2023. Naturally, some people thought home prices would crash in 2023 as many market players said prices always follow volume. What happened between June 2022 to June 2023 can be confusing, so if you need more clarity I suggest listening to this podcast.

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Mortgage Inventory New Listings Sellers 534

Housing Wire

MARCH 2, 2024

Let’s take a look at the inventory data this year to test this premise, since for many months it has been a working theory of mine that new listings data behavior last year marked a bottom and even going into 2024 we should see more sellers. You can see our debate on this topic here.

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Inventory Mortgage New Listings Housing Market 535

Housing Wire

AUGUST 4, 2024

Mortgage spreads Mortgage spreads were a negative storyline in 2023 as the Silicon Valley Bank collapse and the resulting banking crisis pushed the spreads to new cycle highs. If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage rates would be 0.49% higher right now.

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Mortgage Inventory New Listings Housing Market 518

Housing Wire

MARCH 6, 2024

This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings. This data, courtesy of Altos, shows that new listings retreat when rates rise and accelerate when rates fall: High rates are bad, too, for the sellers who decided to list their homes.

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Mortgage Sellers New Listings Buyers 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. If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage rates would be 0.47% higher.

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Mortgage Inventory New Listings Contracts 482

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. In total, new listings data is 14% more than last year.

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New Listings Inventory Contracts Sellers 511

Housing Wire

SEPTEMBER 13, 2022

Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter. It wasn’t the rate move that caught my attention — it was the new listing data. As you can see below, that sharp move to 6.25% caused new listing data to stall at first.

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Mortgage Inventory New Listings Sellers 525

Housing Wire

DECEMBER 2, 2023

For my 2023 forecast , my range for the 10-year yield was 3.21%-4.25% , which meant mortgage rates between 5.75%-7.25%. One concern with higher mortgage rates was that more sellers — who are traditional buyers — would not list their homes. Mortgage rates and the 10-year yield We are back! Weekly inventory change (Nov.

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Mortgage Inventory New Listings Sellers 543

Housing Wire

JULY 31, 2024

The brokerage claimed on its second-quarter 2024 earnings call that it’s experiencing virtually no changes in commissions despite the $418 million settlement agreed to by the National Association of Realtors (NAR) following a string of lawsuits related to buyer commission rules. “It 17 saying anything around this,” Reffkin said.

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Agents Brokerage New Listings Buyers 448

Housing Wire

FEBRUARY 14, 2024

Meanwhile, other homes are lingering on the market for months and driving up the typical age of listings on Zillow to 72 days. To lure more buyers, sellers are coming to terms with the market conditions and are agreeing to apply price cuts to their homes. Total inventory was up more than 3% from January 2023. year over year.

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New Listings Sellers Housing Market Buyers 448

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. In April we noted that rising for-sale inventory was likely to lead to more balance between buyers and sellers. Gains in new listings were observed in July (8.4%).

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Sellers Housing Market Buyers Marketing 397

Housing Wire

APRIL 23, 2023

Still, we have some promising signs that we might have finally hit the inventory bottom for 2023. Here’s a quick rundown of the last week: Active listings rose by 8,546 , and new listing data showed some growth. Again, I am a bit mindful here due to Easter. However, I will take what I can now.

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Inventory Housing Market Marketing New Listings 545

Sacramento Appraisal Blog

MAY 2, 2023

Sellers have been sitting out of the housing market, and it’s made a massive difference in 2023 so far. Today I want to show what’s happening with new listings and talk about concessions. I hope this is useful, whether you’re local or not. Scroll by topic or digest slowly.

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Sellers Housing Market Buyers Marketing 280