Appraisal Buzz

DECEMBER 18, 2024

Manchester, NH, Zillow s most favored city for 2024, was a hit with an influx of homebuyers this year. cities, such as page-view traffic, home value increase, and the speed at which properties sell, in order to identify the most popular markets in 2024. Zillow examined housing variables that represent consumer demand in U.S.

Architecture 370

Architecture Home Value New Listings Contracts 370

Appraisal Buzz

JULY 23, 2024

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Buyers 397

Buyers Contracts HOA Property Taxes 397

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 509

Buyers Agents Mortgage Real Estate Agent 509

Housing Wire

JULY 27, 2024

One of my critical forecasts for 2024 was the growth of new listings data and active inventory, even with higher mortgage rates. Many of my CNBC interviews , starting from late last year and just last week , have been on this theme, and new listings have grown in 2024. However, the new listings data has slightly disappointed me.

New Listings 457

New Listings Inventory Mortgage Sellers 457

Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. In May, new property listings exceeded sales, allowing buyer competition and price rise to slow—and more price relief is expected. However, buyers aren’t matching sellers’ enthusiasm; sales in May were 6% lower than last year.

Sellers 398

Sellers Buyers New Listings Home Value 398

Housing Wire

JULY 22, 2024

real estate market as we’re now in the second half of 2024. will be significant enough move in rates to move the needle for buyers. There were another 15,000 new listings that are already in contract, which is very low for immediate sales recently. There were only 62,000 new contracts pending this week for single-family homes.

Buyers 414

Buyers Inventory New Listings Sellers 414

Housing Wire

DECEMBER 30, 2024

Despite rising mortgage rates through much of 2024, recent indications show growing boldness among homebuyers heading into the new year. NAR’s Pending Homes Sales Index (PHSI) report is a forward-looking source that predicts home sales based on contract signings. The report found that pending home sales jumped 2.2%

Inventory 320

Inventory Buyers Housing Market Mortgage 320

Housing Wire

JANUARY 2, 2024

real estate market is in and it may surprise you, but pretty much all the signals for housing in 2024 are pointing for growth now. Inventory is slowly but steadily increasing over last year, which means slightly more options for buyers this spring. There are now 258,000 single family homes in contract. Sales rates are climbing.

Housing Market 527

Housing Market Marketing Inventory Contracts 527

Housing Wire

JULY 29, 2024

New home sales contracts are coming in pretty consistently fewer than last year — 4.9% 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. I wonder whether the 2024 housing market is beyond saving? housing market at the end of July 2024.

Housing Market 329

Housing Market Marketing Inventory New Listings 329

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I I have buyers that are looking, but to find a house that you love enough to pay a high price for — and to be at over a 6.5% In Wise County , there were only 56 listings.

Inventory 371

Inventory Buyers Agents Real Estate 371

Housing Wire

JANUARY 4, 2024

After a 2023 of real estate brokers saying they feel “neutral” or “pessimistic” about the housing market, some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey are optimistic that the next three months will be positive. The defendants have been ordered to pay damages of $1.78

Brokerage 366

Brokerage Real Estate Training Buyers 366

Appraisal Buzz

OCTOBER 30, 2024

increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, The amount of contract activity in 2001 is represented by an index of 100. Year-over-year, contract signings grew in the Northeast and West and were unchanged in the Midwest and South. September saw a 7.4%

Contracts 419

Contracts Buyers Inventory Mortgage 419

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Real Estate Agent 406

Real Estate Agent Real Estate Buyers Agents 406

Housing Wire

JUNE 27, 2024

An index of 100 is equal to the level of contract activity in 2001. Pending sales are a forward-looking indicator of home sales based on contract signings, so two consecutive months of declining pending home sales suggest a negative outlook for sales activity,” Odeta Kushi , First American’ s deputy chief economist, said in a statement.

Inventory 478

Inventory Contracts Realtors Buyers 478

Appraisal Buzz

DECEMBER 19, 2024

More buyers have entered the market as the economy continues to add jobs, housing inventory grows compared to a year ago, and consumers get used to a new normal of mortgage rates between 6% and 7%. In November, 25% of transactions were cash sales, compared to 27% in October 2024 and November 2023. from October to 4.15

Inventory 383

Inventory Realtors Buyers Contracts 383

Housing Wire

NOVEMBER 21, 2022

The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. million in 2024. With rates at escalated levels, it is affecting home buyers facing affordability challenges. . million in 2022 before dropping to 4.42 million in 2023 and then climbing to 5.25 trillion in 2022.

Contracts 350

Contracts Government Mortgage Buyers 350

Housing Wire

OCTOBER 15, 2024

Although the decision is ultimately highly personal and based on a buyer’s budget, needs, and preferences, there are a few things agents need to consider to help them make the best decisions. It can be tough for a buyer to choose when faced with the allure of a brand-new build or the charm and affordability of an older home.

Construction 402

Construction Buyers Agents Marketing 402

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. The trade organization projects a 13% increase in existing home sales between 2023 and 2024 for an annualized pace of 4.62

Contracts 458

Contracts Housing Market Construction Inventory 458

Housing Wire

JANUARY 10, 2024

In this article, we explore nine exceptional real estate lead generation companies that can supercharge your lead generation efforts, each with its unique strengths and limitations.

Real Estate 325

Real Estate Real Estate Agent Tools Agents 325

Housing Wire

FEBRUARY 9, 2024

Our comprehensive guide to the best real estate marketing tools provides you with a helpful assortment of easy-to-use, effective marketing products to turn your business into a revenue engine in 2024. The more authentic, the better. Think of your social media audience as like the waiting room for your owned audience.

Real Estate 415

Real Estate Tools Marketing Real Estate Agent 415

Housing Wire

MARCH 22, 2024

To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. Visit Top Producer Related Articles The 9 top real estate lead generation companies for 2024 6 best real estate lead generation websites for 2024 The ultimate guide to real estate lead generation ideas for 2024 2.

Real Estate 364

Real Estate Sellers Real Estate Agent Tools 364

Housing Wire

DECEMBER 19, 2023

In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. Rates are falling now and if that continues, buyers will jump and inventory will fall well into the first quarter of 2024. more new contracts started this week than the same week a year ago.

Sellers 429

Sellers Marketing Inventory Contracts 429

Housing Wire

NOVEMBER 21, 2023

Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. Together, the two may suggest that there really is nowhere to go but up in 2024,” she said. “In Looking at the four major U.S. from October 2022’s $378,800. All four U.S.

Inventory 378

Inventory New Listings Realtors Contracts 378

Housing Wire

APRIL 1, 2024

All of these signals point to rising home sales in 2024. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. That brings us to 367,000 single-family homes in the contract pending stage. More sellers means more sales in 2024. There were another 15,000 condo sales started.

Inventory 473

Inventory New Listings Contracts Sellers 473

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. But, 2024 is starting stronger than last year. But, 2024 is starting stronger than last year. Could the housing market change and slow again in 2024? So the sales rate is already growing for 2024.

Real Estate 497

Real Estate Marketing Inventory New Listings 497

Housing Wire

AUGUST 1, 2024

When it comes to handling compensation eXp Realty is not mincing its words — it is not sharing its listing fee with the buyer’s broker. However, the firm says this does not mean it is unwilling to work with buyer’s brokers. But it will be their sellers who make the decision on an offer of compensation to a buyer broker.

Sellers 409

Sellers Buyers Agents Law 409

Housing Wire

MAY 28, 2024

No one wants a scenario in which there’s a flood of sellers but no buyers. real estate market at the end of May 2024. Inventory will peak in late summer and is expected to end 2024 with about 620,000 single-family homes on the market, which would be about 20% more than the year prior. Let’s look at the details of the U.S.

Inventory 503

Inventory New Listings Contracts Sellers 503

Housing Wire

DECEMBER 30, 2024

Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be. Rising supply is one of the housing market highlights of 2024, according to HousingWire Lead Analyst Logan Mohtashami , who said that housing inventory is approaching levels seen in 2019 before the COVID-19 pandemic.

Inventory 397

Inventory Sellers Housing Market Contracts 397

Housing Wire

SEPTEMBER 28, 2024

Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently. Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. This can help get mortgage rates down toward 5.75%.

Mortgage 493

Mortgage Inventory New Listings Contracts 493

Housing Wire

SEPTEMBER 18, 2024

According to NAR , five percent of sellers and four percent of buyers found their agent through another agent’s referral. A referral estate referral occurs when a licensed agent or broker passes along a prospective buyer or seller to another licensed agent to handle a transaction. Everybody’s happy!

Real Estate 386

Real Estate Real Estate Agent Agents Brokerage 386

Housing Wire

JANUARY 12, 2024

The best real estate CRM solution is the one that will manage your client interactions, increase the number of touchpoints with each client, and convert leads seamlessly into buyers and sellers. Below, we take a deep dive into the best real estate CRM solutions for solo agents, teams and brokerages.

Real Estate 409

Real Estate Real Estate Agent Tools Agents 409

Housing Wire

JULY 20, 2024

We finally have six weeks of numbers that hit my housing inventory growth model perfectly in 2024. Last year, with higher mortgage rates , we had zero weeks at this level so I am now giving 2024 inventory growth a grade of A. Yes, home prices are still rising in 2024, but the pace is significantly slower than in 2020 and 2021.

Inventory 513

Inventory New Listings Contracts Mortgage 513

Housing Wire

JULY 23, 2024

Fannie Mae economists project two rate cuts by the end of 2024. in 2024 and to 6.4% trillion due to home price appreciation that is expected to finish 2024 higher than previously anticipated. trillion due to home price appreciation that is expected to finish 2024 higher than previously anticipated. trillion this year.

Mortgage 499

Mortgage Real Estate Agent Finance Buyers 499

Appraisal Buzz

NOVEMBER 21, 2024

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2024 shows mortgage applications for new home purchases increased 8.2 Compared to September 2024, applications increased by 3 percent. On an unadjusted basis, MBA estimates that there were 56,000 new home sales in October 2024, an increase of 3.7

Mortgage 370

Mortgage Buyers Contracts Construction 370

Housing Wire

MARCH 11, 2024

The only way inventory would grow in 2024 is if mortgage rates climbed. There were an additional 16,000 immediate sales, so that’s 4% more sellers this year when you include those that are already in contract and not adding to active inventory. More sellers generally will allow for more sales in 2024. Last week, 30.5%

Inventory 505

Inventory Sellers New Listings Real Estate 505

Housing Wire

JUNE 15, 2024

Once mortgage rates began rising in 2024, some demand was removed. As shown below, the year-to-date data isn’t even positive for 2024: we’ve had seven positive prints, 13 negative prints, and two flat prints. As most sellers are buyers, seeing more sellers listing their homes has been good.

Mortgage 451

Mortgage Inventory Marketing New Listings 451

Housing Wire

JUNE 14, 2024

home sales, with Redfin reporting Friday that sales in May 2024 dropped to one one of the lowest levels of the past decade. Buyers today are facing many of the realities of a hot market even though few homes are changing hands,” Redfin senior economist Elijah de la Campa said in the report. during the year ending in May 2024.

Sellers 468

Sellers Buyers Contracts Brokerage 468