Housing Wire

JANUARY 2, 2023

This is why I’ve created the Housing Market Tracker — a weekly analysis of purchase apps, housing inventory and mortgage rates that will be published every Monday. The Altos Research weekly inventory data looks ahead before the sales report inventory data. Weekly housing inventory.

Inventory 479

Inventory Housing Market Marketing Mortgage 479

Housing Wire

DECEMBER 16, 2022

After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. offers, according NAR’s REALTORS® Confidence Index.

Buyers 493

Buyers Realtors Inventory Sellers 493

Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We being outbound.

Inventory 335

Inventory Housing Market Marketing Real Estate 335

Appraisal Buzz

JUNE 28, 2024

compared with May 2023, as higher mortgage rates continued to keep homebuyers on the sidelines, according to the National Association of Realtors (NAR). The market is at an interesting point with rising inventory and lower demand,” says Lawrence Yun, chief economist for NAR, in a statement. million 2023 – and to 4.92

Inventory 195

Inventory Contracts Realtors Mortgage 195

Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

Inventory 508

Inventory Housing Market Realtors Mortgage 508

Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. Fannie Mae recently projected originations for 2023 at $1.59 trillion, a revision downward from its January estimate of $1.65

Inventory 483

Inventory Renovations Real Estate Government 483

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings. From 2022 to 2023 alone, rates rose 15%.

Insurance 411

Insurance Inventory Marketing Real Estate 411

Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. What’s happening with inventory? Normally by this point in September, available inventory is declining slightly each week.

Inventory 504

Inventory Contracts New Listings Mortgage 504

Housing Wire

JANUARY 12, 2022

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020.

Inventory 538

Inventory Housing Market Mortgage Marketing 538

Inman

JULY 10, 2024

NAR's 2024 Membership profile shows the impacts of a difficult market on real estate professionals — many of whom are contending with issues related to affordability and inventory.

Realtors 176

Realtors Inventory Real Estate Marketing 176

Housing Wire

FEBRUARY 21, 2023

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. million, according to a report from the National Association of Realtors (NAR) released Tuesday. Inventory remains low, but buyers are beginning to have better negotiating power,” Yun added. in January.

Inventory 353

Inventory Buyers Housing Market Contracts 353

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Adjusting to a “new normal”.

Renovations 418

Renovations Realtors Construction Mortgage 418

Housing Wire

NOVEMBER 13, 2023

Buying a house was obtainable only for the haves in 2023 as home prices and mortgage rates soared. Homebuyers’ median household income increased by $19,000 this year from 2022, reaching $107,000, according to the National Association of Realtors ’ 2023 Profile of Homebuyers and Sellers. Meanwhile, in September, one-third of U.S.

Real Estate Agent 395

Real Estate Agent Real Estate Agents Sellers 395

Appraisal Buzz

JULY 23, 2024

According to the National Association of REALTORS , existing-home sales decreased in June while the median sales price increased to the highest amount ever recorded for the second consecutive month. million in June 2023). June Inventory Sees Record-High Home Prices Across All Unit Types As of the end of June, there were 1.32

Inventory 395

Inventory Inspection Realtors Sellers 395

Housing Wire

SEPTEMBER 19, 2024

million, according to the National Association of Realtors (NAR). Sluggish sales left total housing inventory at 1.35 Despite inventory being considerably higher than last year, the median home price rose 3.1% year over year to $416,700, although that is the slowest gain since September 2023. That was a 4.2% And it’s 22.7%

Inventory 408

Inventory Housing Market Inspection Sellers 408

Housing Wire

JUNE 27, 2024

After rising in March , pending home sales continued to slide in May, with the Pending Home Sales Index (PHSI) posting its second consecutive month of declines to reach a record low, according to data released Thursday by the National Association of Realtors (NAR). The PHSI fell 2.1% from April to a reading of 70.8 on a yearly basis.

Inventory 498

Inventory Contracts Realtors Buyers 498

Housing Wire

DECEMBER 13, 2022

The National Association of Realtors predicts there will be 4.78 million existing home sales in 2023, down 6.8% In addition to a further drop in existing home sales, Yun said he expects the annual median home price to remain relatively flat year over year in 2023, rising just 0.3% from the 5.13 to $384,500.

Realtors 434

Realtors Housing Market Mortgage Real Estate 434

Housing Wire

JULY 23, 2024

I have often discussed four months of supply and active inventory between 1.52 In the previous decade, active inventory ranged between 1.52 Some 2024 existing home sales data is similar to 2023. From NAR: Total housing inventory registered at the end of June was 1.32 Unsold inventory sits at a 4.1-month

Marketing 470

Marketing Inventory Housing Market Buyers 470

Housing Wire

OCTOBER 12, 2022

The forecast for the housing market in 2023 gets worse by the month, with the latest report predicting a million-plus decline in existing home sales. trillion in 2023, according to the government-sponsored enterprise. Looking ahead to the full year 2023, Fannie Mae expects an average home price decline of 1.5%. million in 2023.

Contracts 448

Contracts Modernization Housing Market Mortgage 448

Housing Wire

FEBRUARY 22, 2024

The housing market in the state of Florida saw higher median home prices, more real estate listings and a higher number of active listings during the month of January, according to data released Thursday by Florida Realtors , a state-based trade organization for real estate professionals. from January 2023.

New Listings 442

New Listings Real Estate Realtors Inventory 442

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

Inventory 357

Inventory Marketing Business Buyers 357

Housing Wire

NOVEMBER 6, 2024

Compared to the first nine months of 2023, Zillow’s origination channel revenue grew 41% to $104 million. A more direct factor is that mortgage rates in the third quarter of 2023 approached 8%, whereas rates declined during much of Q3 2024, getting close to 6%. While Zillow shares dropped 6.5%

Mortgage 375

Mortgage Real Estate Real Estate Agent Realtors 375

Housing Wire

OCTOBER 26, 2023

in September despite significant affordability hurdles weighing on the market, according to data released Thursday by the National Association of Realtors (NAR). Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” in 2023, reaching an annual rate of 670,000. in September.

Inventory 400

Inventory Contracts Housing Market Realtors 400

Eyes on Housing

JANUARY 19, 2024

Existing home sales slipped in December, ending 2023 at the lowest level since 1995, according to the National Association of Realtors (NAR). In 2023, the decline was largely attributed to worsening housing affordability and persistently low supply, exacerbated by higher interest rates.

Realtors 172

Realtors Inventory 172

Housing Wire

DECEMBER 20, 2023

While sales are still tracking below last year’s levels, the gap between 2022 and 2023 has narrowed considerably. million, according to the National Association of Realtors. Housing inventory fell 1.7% Meanwhile, unsold inventory sat at a 3.5-month million home sales nationally by the end of 2023. million. “The

Inventory 415

Inventory Housing Market Realtors Buyers 415

Appraisal Buzz

AUGUST 14, 2024

The report predicts a year-end rise in both for-sale inventory and the median sales price of existing homes, projecting increases of 14.5% Housing inventory on the rise Inventory shortages, a significant hurdle for the housing market in recent years, appear to be easing. Mortgage relief is on the horizon for U.S.

Housing Market 395

Housing Market Marketing Mortgage Inventory 395

Appraisal Buzz

SEPTEMBER 19, 2024

While supply has inched up in some parts of the country, August experienced a decline in existing-home sales, according to the National Association of REALTORS (NAR). million in August 2023). from August 2023 to $416,700, the 14th consecutive month of year-over-year price increases. months in August 2023. Sales slid 4.2%

Inventory 418

Inventory Buyers Home Improvement Mortgage 418

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). In 2023, new-home sales are up 5% year to date, Yun said.

Real Estate 482

Real Estate Inventory Sellers Realtors 482

Appraisal Buzz

MARCH 21, 2024

compared with February 2023, according to the National Association of Realtors (NAR). It was the largest monthly increase since February 2023. Helping to boost existing-home sales in February was that inventory increased 1.07 compared with February 2023. million in February, an increase of 9.5% That’s about a 2.9-month

Inventory 394

Inventory Realtors Investors Buyers 394

Housing Wire

MAY 15, 2024

The National Association of Realtors , via its Seasonally Adjusted Annual Rate of Existing Home Sales series, reported that the peak home sales volume of 6.6 million by October of 2023 (when rates crossed over 8%). million fewer home sales between March 2022 and December 2023. This was a supply-constrained market.

Mortgage 417

Mortgage New Listings Inventory Sellers 417

Housing Wire

OCTOBER 30, 2024

Listing inventory remains the lifeblood of the residential real estate marketplace,” Reffkin said. “At At Compass, we already have a depth of inventory in many of our local markets that is unmatched.” million loss recorded in Q3 2023. Its transaction count jumped 16.1% to 55,872 for a total sales volume of $57.7

Real Estate 336

Real Estate Inventory Brokerage Agents 336

Appraisal Buzz

JUNE 27, 2024

decline in pending home sales, according to the National Association of REALTORS. A continued dearth of inventory, high home prices and stable mortgage interest rates have kept would-be home buyers at bay this spring.” million in 2023 to 4.26 from May 2023 to 63.6, from May 2023 to 56.7. May saw a 2.1% May had a 1.4%

Contracts 418

Contracts Inventory Buyers Mortgage 418

Housing Wire

MAY 29, 2024

The National Association of Realtors (NAR) reported that it had 1,509,195 members at the end of April, a decline of 2.96% from the 1,554,604 members it had at the end of 2023 but higher than its numbers in February and March. You can find more information in our recent update in Realtor Magazine.“ How many is unclear.

Realtors 350

Realtors Agents Inventory Modernization 350

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . About 70% of Prosperity’s production comes from affiliate realtors.

Mortgage 386

Mortgage Real Estate Real Estate Agent Realtors 386

Appraisal Buzz

AUGUST 22, 2024

Existing-home sales improved in July, breaking a streak of four consecutive monthly declines, according to the National Association of REALTORS®. million in July 2023). Total housing inventory registered at the end of July was 1.33 Total housing inventory registered at the end of July was 1.33 months in July 2023.

Realtors 396

Realtors Buyers Inventory Insurance 396

Housing Wire

MARCH 6, 2023

He was cautiously optimistic for a better 2023. With the industry cooling down slower than expected, LOs are having to work harder and get creative to overcome the double whammy of surging rates and a lack of inventory. Monson had hoped for a “spring rush,” but recently, somebody turned the spigot back off.

Loan Officers 387

Loan Officers Inventory Real Estate Agent Buyers 387

Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. in 2023 and 5.6% year over year in 2023 to 1.44 million for all of 2023.

Inventory 435

Inventory Realtors Contracts Construction 435