Housing Wire

MAY 11, 2024

Since November 2023, when mortgage rates started to fall, we have had 12 positive prints versus nine negative prints and two flat prints week-to-week. This is a significant shift, considering 2023 marked the lowest level ever recorded. Also, purchase application data can be a funky data line to sometimes track the percentage.

Mortgage 450

Mortgage Inventory New Listings Housing Market 450

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. The increase in new listings this spring, due both to new construction and to more homeowners choosing to sell, will give buyers more options and help to ease price growth.

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Housing Market Marketing Training New Listings 432

Housing Wire

JANUARY 26, 2024

The trade organization projects a 13% increase in existing home sales between 2023 and 2024 for an annualized pace of 4.62 The trade group also predicts that rent growth will ease due to sizable growth in apartment construction over the past three years. But new listings activity grew by 9.1% million and a 15.8%

Contracts 481

Contracts Housing Market Construction Inventory 481

Housing Wire

MARCH 6, 2024

The benchmark rate was last changed in July 2023, when it was raised to a range of 5.25% to 5.5%. Still, contacts emphasized that the number of units for sale stayed far short of what they considered a balanced market, and that a dearth of inventories had contributed to faster house price growth from 2022 to 2023.

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Mortgage Real Estate Inventory Construction 405

Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.” With existing inventory down, Schuler said new construction has taken on a larger role in his market. 23, 2024. “If

Housing Market 450

Housing Market Marketing Inventory Construction 450

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%).

Sellers 435

Sellers Buyers New Listings Mortgage 435

Housing Wire

MAY 28, 2024

Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. New listings climbed during the past week and there are now 72,000 more single-family homes on the market.

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Inventory New Listings Contracts Sellers 527

Housing Wire

MAY 30, 2023

The annual growth rate in March 2023 was up 0.7%. The modest increases in home prices we saw a month ago accelerated in March 2023,” Craig Lazzara, the managing director at S&P DJI, said in a statement. increase in home prices in the first quarter of 2023 from the first quarter in 2022. before seasonal adjustment.

Mortgage 428

Mortgage Inventory Construction New Listings 428

Housing Wire

FEBRUARY 24, 2023

They still have a lot of work to do here, so we shouldn’t expect anything good to come from the housing permits side of the economy in 2023. New home sales From Census : Sales of new single-family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, according to estimates released jointly today by the U.S.

Inventory 470

Inventory Construction Housing Market Mortgage 470

Housing Wire

AUGUST 29, 2024

That means currently just over 700,000 single-family homes are unsold, with about 10% of those going into contract each week, and another 75,000 new listings. Florida and Arizona have 70% more homes unsold on the market now than last year, while New York has only 10% more. We were still emerging from the crazy pandemic market.

Inventory 482

Inventory Real Estate Housing Market Construction 482

Housing Wire

JUNE 18, 2023

Active housing inventory grew while new listing data fell. New listings data is another big story with housing inventory. Since the second half of 2022, it has been trending at all-time lows This trend has continued all year long, so we have limited new housing to work with.

Housing Market 490

Housing Market Marketing Inventory New Listings 490

Appraisal Buzz

OCTOBER 11, 2024

Pending sales—a more current gauge of housing market activity that includes both existing and newly constructed homes—fell to the lowest level on record aside from April 2020. percentage points from a month earlier, which was the largest monthly decline since the end of 2023. New listings, seasonally adjusted 526,740 1.6%

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New Listings Buyers Housing Market Real Estate Agent 195

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 430

Inventory Housing Market Marketing Construction 430

Housing Wire

AUGUST 23, 2023

New home sales According to the recent Census report , “Sales of new single‐family houses in July 2023 were at a seasonally adjusted annual rate of 714,000, according to estimates released jointly today by the U.S. They will build as long as new home sales are growing. months, the builders will pause construction.

Mortgage 368

Mortgage Inventory Construction Sellers 368

Listing Spark

SEPTEMBER 25, 2023

Fewer New Listings The number of new listings hitting the markets has continued to fall, mainly because a substantial segment of the market that was both buying and selling has essentially disappeared. The Rise of New Construction Homes New construction is stepping up to fill the void in the market.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. Yesterday on CNBC , I talked about the state of the housing market and how important it was that the builders’ confidence data was rising because that keeps construction workers employed and building homes. I call it an alligator chart opening its mouth, see below.

Housing Market 458

Housing Market Inventory Contracts Marketing 458

Housing Wire

JULY 25, 2022

Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”. in 2022 but will drop to 4% in 2023. trillion 2023, down from $4.8 Supply chain disruptions and cost inflation moderated somewhat for new homes.

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

Empire Appraisal Group

AUGUST 3, 2023

In the two months after the devastating September 2022 storm, Cape Coral-Fort Myers saw 900 fewer new listings than there would have been had the storm not hit, according to Redfin projections. But in the six months after that, the area had 1,314 more new listings than projected, a number that more than offsetting the shortfall.

Real Estate 78

Real Estate New Listings Real Estate Agent Insurance 78

Listing Spark

JANUARY 12, 2023

In this episode of Real Estate Real Fast, Aaron Jistel discussed the market trends of 2022 and 2023. Sales were down 25% in Austin, Texas compared to 2021, and values are likely to continue decreasing in 2023. 2022 Market Trends: Decrease in sales, values, and new listings in Austin, TX; median home value up 9.9%

Real Estate 36

Real Estate Marketing Home Value Inventory 36

Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. Let’s look at the signals for the week of September 11, 2023. The median price of the newly listed cohort is $390,000 now, that’s down from last week and essentially unchanged vs last year. housing market now.

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Contracts Inventory Housing Market Buyers 414

Housing Wire

NOVEMBER 28, 2022

The question now is whether there is a way to avoid the job-loss recession we’re facing in 2023. New and existing home sales are falling, along with housing permits and starts, as we have too many new homes for the builders to issue new permits. “The did not go into a recession at the start of 2022.

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Transportation Construction Housing Market Mortgage 533

Will Springer Realtor

OCTOBER 15, 2024

Realtor.com reported that our broader market (including Bellevue and Tacoma) experienced the sharpest rise in new listings compared with last year, up 42%. The 14% monthly rise in King County new listings included a shocking 52% surge in Seattle (1430 units). The number of Active listings is another eye-opener.

Housing Market 69

Housing Market Marketing Construction Buyers 69

Listing Spark

MARCH 9, 2023

With the Texas real estate market constantly changing and evolving, it can be difficult to stay informed on current trends or predict what will happen in 2023. That trend continued throughout 2022 and into January of 2023. 2023 January Data: Median Sales Price: up 4.2% Month-to-Month Pending sales: 2,581 (Down 16%YOY) Up 32.4%

Real Estate 36

Real Estate Marketing Inventory Sellers 36

Will Springer Realtor

MARCH 12, 2024

This return of buyers follows a sluggish late 2023. About two-thirds of all King County listings sold last month at the list price or above, signaling a competitive environment and extending this long-running sellers’ market. Because new home construction hasn’t kept up. February’s price was 7.6%

Buyers 65

Buyers Construction Sellers Inventory 65

Will Springer Realtor

FEBRUARY 13, 2024

The number of newly listed homes more than doubled from December and increased moderately compared with the same time last year, according to data from the Northwest Multiple Listing Service (MLS). The final months of 2023 were among the quietest periods in recent memory for residential real estate amid a slow year overall.

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New Listings Buyers Inventory Lending 64

GoForrmz

OCTOBER 26, 2022

Now as 2022 starts to wind down, a lot of people are trying to forecast how the housing market will turn out in 2023. Whether you’re searching for forms for construction , property management, home services, buying, or selling, we’re here to help. But there is one thing for certain: technology has changed the overall industry.

Real Estate 78

Real Estate Contracts Clients Real Estate Agent 78

Will Springer Realtor

AUGUST 15, 2023

After a pandemic-induced free-for-all, where newly listed homes could be off the market in hours and prices soared into a stratosphere more recognizable by the Blue Angels, we are now “enjoying” a period of rest and re-evaluation in summer 2023. monthly decline in available Seattle listings (793). The county saw a 4.9%

Sellers 67

Sellers Buyers New Listings Inventory 67

Will Springer Realtor

SEPTEMBER 12, 2023

fewer new listings, the rate of sales rose 1.7% Two data points stood out from the latest report by the Northwest Multiple Listing Service: The aforementioned new listings for all homes in the county – 2684 – is at a low not seen for an August since records were shared with brokers (like me) dating back to the mid-1990s.

Finance 69

Finance Inventory Construction Buyers 69

Appraisal Buzz

AUGUST 16, 2024

Department of Housing & Urban Development (HUD)’s new residential construction report , privately-owned housing starts in July 2024 were at a seasonally adjusted annual rate of 1,238,000, 6.8% below the revised June 2024 estimate of 1,329,000, and 16% year-over-year below the July 2023 rate of 1,473,000. week-over-week.

Supply Chain 418

Supply Chain Construction Housing Market Sellers 418

Listing Spark

FEBRUARY 7, 2024

The 5 most notable events in Texas real estate from 2023 1) Home values flattened or declined in most of the major markets It’s no surprise that soaring home prices came down to earth in 2023. For example, in the city of Austin, home prices were essentially flat at $523,250 for the year (down only 0.43% in 2023).

Real Estate 36

Real Estate Sellers Home Value Inventory 36

Will Springer Realtor

JANUARY 10, 2023

The number of new listings for all home types – single-family, townhomes and condos combined – in King (887) fell 47% from November and declined 36% from December 2021. The bar is so low on listings and sales data that one might trip over it. What else can we expect in 2023? Economists across the U.S.

Housing Market 36

Housing Market Marketing Inventory Real Estate 36

Will Springer Realtor

JUNE 11, 2024

The single-family-home category – which includes townhomes – shows a 25% climb in new listings (3198) from April and a 33% rise year-on-year (YoY), and many of those homes remain on the market. One wonders, as the number of active listings climbs when will supply meet demand. Sales of those new homes fell 4.7%

Buyers 67

Buyers Inventory Finance Housing Market 67

Will Springer Realtor

DECEMBER 19, 2023

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. annualized for 2023 but only 3.4% by the end of 2024. YoY in 2024.

Real Estate 69

Real Estate Buyers Sellers Inventory 69

Will Springer Realtor

APRIL 11, 2023

Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.”  Pending sales are one of our favorite housing market data points – along with the number of mortgage applications and new listings – to track buyer intent and market intensity.

Housing Market 36

Housing Market Marketing Buyers Sellers 36

Will Springer Realtor

MAY 13, 2024

In March 2023, we had an undersupply of 1.7M Builders are trying to catch up and, according to federal officials , there are more housing units under construction today than at any time in the last 50 years. home sales in 2023, the highest level since 2014. We are now experiencing historic shortages. shy of the need.

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

AUGUST 11, 2023

Others are specializing in the design and construction of accessory dwelling units (ADUs) as detached backyard homes (also known as “ mother-in-laws ”). The national trend for new construction, however, is generally moving in the opposite direction. In the 1990s, one-third of new homes were smaller than 1800 sq.

Buyers 36

Buyers Development Construction New Listings 36

Will Springer Realtor

FEBRUARY 14, 2023

From a macro perspective, the 2023 outlook for home buyers is the best it’s been for three years. The number of Pending sales soared 51% since December for all home types in King County to 1820 listings under contract, including a 69% boost on the Eastside (480) and a 47% jump in Seattle (610).

Housing Market 36

Housing Market Marketing Inventory Buyers 36