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. in the fourth quarter of 2023, according to Attom ’s 2024 U.S. Investment returns for sellers fell for the second straight quarter. Home Sales Report. on a quarterly basis to $330,000.

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Sellers Housing Market Investing Marketing 459

Appraisal Buzz

JUNE 10, 2024

There seems to be continued debate among appraisers, reviewers, and underwriters regarding seller concessions. A particular point of contention in this debate is whether or not it is appropriate to adjust seller concessions on a dollar-for-dollar basis. 09, Adjustments to Comparable Sales ). 09, Adjustments to Comparable Sales ).

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Sellers Real Estate Appraisal Finance 418

Housing Wire

FEBRUARY 26, 2024

We still see more sellers than last year. The housing market data has been changing very rapidly this year. Inventory There are now 498,000 single-family homes available unsold on the market around the U.S. The market will continue to build unsold inventory from here for the rest of the season. There are now 30.4%

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Sellers Inventory New Listings Contracts 468

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. Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% decrease from the previous year. “In from July’s levels.

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Sellers Housing Market Buyers Marketing 397

Housing Wire

APRIL 3, 2024

Millennials replaced baby boomers as the largest group of homebuyers in 2023. Notably, 32% of all buyers in 2023 were first-timers (up from 26% in the prior year), with millennials comprising 75% of this demographic. Similarly, sellers showed a high likelihood of reusing or referring their agents.

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Marketing Buyers Sellers Realtors 526

Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

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Inventory New Listings Housing Market Mortgage 521

Housing Wire

JUNE 18, 2024

Last month’s reading marked the smallest monthly increase on a seasonally adjusted basis since January 2023. Looking ahead, Redfin expects new listings to continue to rise as the mortgage rate-lock effect on home sellers wears off, which could occur if mortgage rates continue to fall. “We

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New Listings Sellers Buyers Mortgage 468

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. The average home for sale in May lasted 32 days on the market. Ongoing U.S. year-over-year.

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Sellers Buyers New Listings Mortgage 435

Housing Wire

SEPTEMBER 9, 2024

Miami stands as one of the most dynamic and valuable real estate markets in the United States. While not yet reaching the trillion-dollar mark, Miami ‘s total real estate value, including both residential and commercial properties, was estimated at approximately $650 billion as of 2023, according to the Miami Association of Realtors.

Real Estate 472

Real Estate Agents Marketing Real Estate Agent 472

Housing Wire

JULY 29, 2024

Any sales growth momentum in the real estate market we might have had early in the year is gone. 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.

Housing Market 458

Housing Market Marketing Inventory New Listings 458

Housing Wire

DECEMBER 13, 2023

The Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% It was the fourth pause recorded in 2023. In 2023, the Fed hiked the benchmark federal funds rate by a quarter-point at four meetings, most recently in July. million in Q2 2023. million in Q2 2022 to 1.2

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Mortgage Investors Sellers Marketing 526

Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. 25 statewide in 2023 transaction volume. Buyers think it’s a buyer’s market. Sellers think it’s a seller’s market.

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Housing Market Marketing Sellers Buyers 479

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

JANUARY 13, 2025

While the current focus is rightfully on containing the blazes and protecting residents, its worth taking stock of where housing markets stand in the affected parts of the Los Angeles metro area. Data from Altos Research shows an area with expensive housing, rising inventory and conditions that lean favorable to sellers. million, $3.9

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Housing Market Marketing Sellers New Listings 393

Sacramento Appraisal Blog

JANUARY 14, 2025

It’s great news that 2024 performed better than the 2023 housing market. Seeing more buyers and sellers able to participate is absolutely what we want to see. Let’ get into it. Skim quickly by topic or digest slowly.

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Housing Market Marketing Sellers Appraisal 292

Housing Wire

JUNE 15, 2024

I got one good crumb from the Fed meeting that made me smile: Powell finally admitted that the labor market isn’t tight anymore, which is a beneficial statement for rates down the line if the labor data gets weaker. 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

DECEMBER 9, 2024

Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Does the housing market start to get back to normal? The number of unsold homes on the market is finally getting closer to 2019 levels. But, the market change isnt evenly distributed. Two and a half years.

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Housing Market Marketing Inventory Sellers 418

Housing Wire

DECEMBER 20, 2024

Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. Price growth is slowing down so there’s less flippers in the market. compared to September 2023. Home sales in 2024 have been well below historic norms. Same with the iBuyers.

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Investors Housing Market Marketing Real Estate 448

Housing Wire

JANUARY 8, 2024

Based on the trends we can see after the start of the year, I’ll project 2024 will see about 15% home sales growth over 2023. 2023 started with recovery, but slowed down in Q3 as mortgage rates hit 8%. Could the housing market change and slow again in 2024? The data does not show any slowing on any of the active market metrics.

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Real Estate Marketing Inventory New Listings 508

Housing Wire

NOVEMBER 22, 2023

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. It’s a savagely unhealthy housing market out there, and these economists unpack what that means for you. Register for the virtual event on Dec.

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Housing Market Marketing Inventory Sellers 501

Housing Wire

DECEMBER 4, 2023

Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housing market. It’s looking like we’ll end 2023 with higher housing inventory than this time last year. Watch the video above to get the latest housing market update from Altos Research. housing market in 2024.

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Housing Market Marketing Inventory New Listings 505

Housing Wire

OCTOBER 29, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. The market is not great, so we aren’t often dealing with multiple-offer situations. I think ultimately, though, sellers should be looking at their net (profit).

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Marketing Real Estate Sellers Buyers 448

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.

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Inventory Housing Market Marketing Sellers 418

Housing Wire

JUNE 20, 2024

On the sell side, agents say that low mortgage rates from a purchase or refinance transaction in late 2020 or early 2021 are keeping many potential sellers in their home. “A As of June 14, the state had a 90-day average of 10,393 single-family active listings on the market. Again, agents attribute the cooler market to interest rates.

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Housing Market Agents Marketing Inventory 448

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

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. Housing inventory There are now 722,000 unsold single-family homes on the market around the U.S. of the homes on the market.

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Housing Market New Listings Marketing Inventory 448

Housing Wire

JULY 23, 2024

Today’s existing home sales report shows that the existing home market is now almost balanced. We are very close to getting this balance nationally and in some markets we’re already there. million as a balanced market, but this equation has a second variable tied to today’s housing economics: affordability. months).

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Marketing Inventory Housing Market Buyers 493

Appraisal Buzz

JULY 9, 2024

The median home also spent 45 days on the market, an increase of two days over the previous year. The market is trending slightly in the direction of becoming more buyer-friendly thanks to these factors. June 2024 Housing Metrics – National Median list price per sq.ft: Change over June 2023: (+3.4%) Change over June 2019: (+52.6)

Housing Market 418

Housing Market Buyers Marketing Inventory 418

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

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Buyers Luxury Properties Marketing Inventory 417

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. Last week, we returned close to recent lows.

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Housing Market Mortgage Inventory Marketing 476

Housing Wire

NOVEMBER 6, 2023

held up in 2023, sales volume in the housing market cratered. If we get lucky with mortgage rates, though, we might just be at the bottom of the housing market recession right now. To get the weekly picture of the housing market, watch the video above. of the homes on the housing market have had a price cut.

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Housing Market Marketing Inventory Contracts 516

Housing Wire

OCTOBER 17, 2024

in 2023 to 2.3% ” Following data revisions and recent employment data, bond market expectations for rate cuts have moved into closer alignment with the dot plot from the Federal Reserve ’s latest Summary of Economic Projections. . They’re now projecting gross domestic product (GDP) growth to fall from 3.2%

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Sellers Mortgage Buyers Business 511

Housing Wire

SEPTEMBER 12, 2024

A recent SmartAsset analysis of 2023 Home Mortgage Disclosure Act (HMDA) pinpointed where boomers are most active within the U.S. housing market. This means that baby boomers have the most economic power when it comes to housing markets, as sellers are more likely to accept offers where financing is least likely to fall through.”

Housing Market 468

Housing Market Marketing Insurance Sellers 468

Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. As the market gradually recovers, 2025 should bring more sales and relatively moderate increases in property values. million existing home sales in 2024, a little increase over 2023’s 4.1 increase in property values in 2025.

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Housing Market Tenants Marketing Mortgage 396

Appraisal Buzz

DECEMBER 30, 2024

If youre thinking about buying or selling a house and wondering about the housing market, youre not the only one. The real estate market has seen a lot of unusual trends in the past couple of years, so it makes sense that youd want the latest market update before you make any major decisions! Will Interest Rates Go Down in 2025?

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Housing Market Marketing Inventory Real Estate 363

Appraisal Buzz

OCTOBER 3, 2024

Following the Federal Reserve ‘s 50 basis point reduction in the jumbo rate in September, mortgage rates significant fell to a 24-month low, prompting sellers to move. Sellers, especially those who are locked into a low rate, have been waiting for market conditions to change,” said Danielle Hale, Chief Economist, Realtor.com.

Marketing 418

Marketing New Listings Sellers Advertising 418

Appraisal Buzz

NOVEMBER 6, 2024

By the fall of 2023, mortgage rates had risen from historic lows of 2.65% in 2021 to a decade-high of 7.79%. Mortgage rates rose from 2.65% in 2021 to 7.79% in fall 2023, impacting home shoppers’ buying power. The most common way buyers have secured below-market rates is through special financing offers from sellers or home builders.

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Buyers Marketing Sellers Loan Officers 370