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 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

FEBRUARY 24, 2025

There are obviously fewer buyers who can afford these prices. In 2024, we saw a notable increase in buyer demand when mortgage rates got close to 6%. However, mortgage rates were climbing to their highest level of the year at this time in 2024. There are fewer immediate sales that go directly into contract.

Inventory 495

Inventory New Listings Sellers Contracts 495

Housing Wire

MARCH 4, 2025

The takeaway from the pending sales numbers is that it takes roughly 35 days on average for sales to close, so homes in contract now will generally close in March, Simonsen wrote. We know there are fewer homes in contract than last year at the end of February so we have visibility that home sales for Q1 2025 will come in below Q1 2024.

Mortgage 484

Mortgage Contracts Buyers Housing Market 484

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 488

Inventory Sellers Housing Market Contracts 488

Housing Wire

MARCH 5, 2025

from one week earlier on a seasonally adjusted basis as buyers pounced on lower rates , according to data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending Feb. Those factors resulted in the largest weekly decline in the 30-year fixed rate since November 2024. from the week prior.

Mortgage 505

Mortgage Government Contracts Buyers 505

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 396

Inventory Realtors Buyers Contracts 396

Housing Wire

JANUARY 20, 2025

New contracts for home purchases are coming in very low this month. In the fourth quarter of 2024, sales were coming in at 5% to 10% more than the year prior. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. Those sales gains have evaporated and even reversed.

Mortgage 397

Mortgage Inventory New Listings Contracts 397

Housing Wire

MARCH 25, 2025

-based Consumer Policy Center (CPC) warns that the common practice of percentage-based real estate commissions may be a financial disadvantage for home buyers and sellers. The report is titled How Percentage-Based Commissions Can Harm Home Buyers and Sellers and What They Can Do About It. The issue is backed by academic research.

Agents 366

Agents Buyers Sellers Real Estate 366

Housing Wire

JANUARY 6, 2025

For the four December weeks in 2024, there were just 44,000 new pending home sales on average for single-family homes. In those times, we just had far more buyers than sellers. These are new listings that take offers within a couple days of listing and go into contract immediately. 4 million home sales in 2024 grows to 4.2

Inventory 448

Inventory New Listings Contracts Sellers 448

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

NOVEMBER 4, 2024

This week, we count 14% more homes in the contract pending stage now than a year ago. Let’s take a look at the data as we’re already in November 2024. The unsold supply of homes on the market has now passed its peak for 2024. Last year at this time, the market was in deep retrenchment — both buyers and sellers were walking away.

Inventory 396

Inventory New Listings Sellers Contracts 396

Housing Wire

OCTOBER 28, 2024

It was based on the premise that buyer brokers were using commission rates posted on the [ multiple listing service ] to steer buyers to properties that provided higher levels of compensation. … The settlement makes sense — but only on paper. Monestier’s objection also looks at the required buyer representation agreements.

Business 468

Business Sellers Realtors Buyers 468

Housing Wire

OCTOBER 28, 2024

The median price of the homes that went into contract this week — these are the new purchase offers with contracts pending — is now 6% greater than last year. Let’s take a look at the data for the end of October 2024. They’re already in contract, so they don’t add to the active inventory.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

MARCH 24, 2025

In 2023 and 2024, Zillow found that sellers who chose not to list on the MLS typically lost out on nearly $5,000, selling their property for 1.5% These off-market listings not only harm sellers, but they limit exposure to potential buyers, possibly deepening inequities that have long existed in real estate.

Sellers 501

Sellers Real Estate Agents Realtors 501

Housing Wire

MARCH 3, 2025

This is after Q4 2024 was 5% above the year prior. But we didnt really see any change in the buyer demand metrics until rates got closer to 6%. In fact, as of the end of February, the sales and home price data continue to look very weak, even compared to the lows of 2024. Thats a pretty notable swing.

New Listings 374

New Listings Inventory Contracts Sellers 374

Appraisal Buzz

OCTOBER 17, 2024

According to statistics from the September 2024 Builder Application Survey (BAS) by the Mortgage Bankers Association (MBA), mortgage applications for the purchase of new homes grew by 10.8% The number of applications fell by 6% from August 2024. over the previous year. Census Bureau ‘s New Residential Sales report.

Mortgage 396

Mortgage Contracts Construction Buyers 396

Housing Wire

JANUARY 27, 2025

But nationally, home prices are still higher year over year, and some places like New York state had significant home-price gains in 2024 due to persistently tight inventory. Following that, 2024 started a bit higher still. More sellers are facing an absence of buyer demand, prompting them to reduce their asking price.

Inventory 396

Inventory Sellers New Listings Contracts 396

Housing Wire

MARCH 31, 2025

There are 358,000 single-family homes in contract right now, and they are priced only 50 basis points above last year at this time. Thats up a smidge from last week and remains just a hair above this point in 2024. September 2024 was the moment when mortgage rates hit their lowest point of the last year. Can the pace hold up?

New Listings 450

New Listings Inventory Housing Market Sellers 450

Housing Wire

NOVEMBER 1, 2024

Real estate agents and real estate brokers are both licensed real estate professionals who can assist buyers and sellers, but you should be aware of some key differences and state-specific distinctions. A real estate agent is a licensed professional who represents buyers or sellers in real estate transactions. Let’s dive in!

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448

Appraisal Buzz

JUNE 27, 2024

Indicator of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) dropped to 70.8 The level of contract activity in 2001 is represented by an index of 100. A continued dearth of inventory, high home prices and stable mortgage interest rates have kept would-be home buyers at bay this spring.”

Contracts 418

Contracts Inventory Buyers Mortgage 418

Housing Wire

FEBRUARY 3, 2025

Looking backward at the housing market , we can see sales prices are not appreciating compared to 2024. At this time, of year theres new inventory and new buyers are shopping. In recent weeks, we can see that those buyers are waiting. Weve forecasted 15% gains in inventory for the calendar year 2025 over 2024.

Sellers 413

Sellers Inventory New Listings Contracts 413

Housing Wire

APRIL 1, 2025

Ammann filed his first suit against eXp in December 2024. He claims that Featherston breached her fiduciary duty and lied to Ammann during his purchase of a property in the Cleveland area in 2024. Instead, she allegedly submitted an offer for a competing buyer without disclosing this to him. The suit was filed in U.S.

Agents 269

Agents Realty Advertising Contracts 269

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.

Real Estate 435

Real Estate Buyers Tools Real Estate Agent 435

Housing Wire

MARCH 17, 2025

We’ve been assuming that inventory will keep growing, albeit at a slower pace, than 2024. That means that we should see the gap between 2024 inventory and 2025 inventory shrinking in the next few months. There were 66,000 single-family homes that took offers and started contracts last week. Thats up a nice 4% for the week.

Inventory 428

Inventory New Listings Housing Market Sellers 428

Housing Wire

FEBRUARY 25, 2025

annually in December 2024, up from a 3.7% during the last six months of 2024. The index includes sales of properties that went under contract in October, so it doesn’t quite capture what’s currently happening in the housing market. Home prices were up 3.9% National home prices have risen by 8.8%

Housing Market 368

Housing Market New Listings Inventory Sellers 368

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 458

Housing Market Marketing Inventory New Listings 458

Housing Wire

JANUARY 27, 2025

This is the company’s first major funding round since its debut in August 2024. Indigo is a search platform that allows buyers to bid on agent-approved listings. The Home Checkout feature validates buyer offers before the transaction continues. These listings are enhanced by AI to incorporate customer preferences.

Real Estate 369

Real Estate Real Estate Agent Agents Brokerage 369

Housing Wire

NOVEMBER 18, 2024

Mortgage rates continue to move higher and that’s impacting buyers. When we add back in another 7,500 new listings with immediate sales — those are already in contract and not added to the active inventory — overall that’s just 3% more sellers than a year ago. That’s 6% more than the week before and nearly 7% more than a year ago.

Housing Market 448

Housing Market New Listings Marketing Inventory 448

Housing Wire

MARCH 22, 2024

Based on NAR’s settlement, agents working with buyers will need a signed buyer representation agreement starting in mid-July, pending final court approval of the settlement. Bills Clarke said this is exactly how agents already work with sellers, so it shouldn’t be a big deal to implement buyer agreements into a business. “We

Buyers 497

Buyers Contracts Real Estate Agents 497

Housing Wire

JANUARY 22, 2025

Redfin ‘s Home Price Index (HPI) for December 2024 revealed an 0.4% “Prices will keep going up consistently because its unlikely there will be enough new inventory to meet buyer demand, Bokhari said in the report. quarterly increase in home prices in the fourth quarter of 2024. from Q4 2023 to Q4 2024.

Contracts 397

Contracts Buyers Brokerage Inventory 397

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 488

Buyers Inventory New Listings Sellers 488

Housing Wire

SEPTEMBER 22, 2024

Have we seen the bottom in mortgage rates for 2024 after a crazy roller coaster ride so far this year? My 2024 forecast had a mortgage rate range of 7.25%-5.75%. With the 10-year yield at 3.74% as of Friday, we have some room left to reach the very bottom of the 2024 forecast before the year is out.

Mortgage 525

Mortgage Inventory New Listings Contracts 525

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 518

New Listings Inventory Mortgage Sellers 518

Appraisal Buzz

JANUARY 31, 2025

Prospective buyers have been cautious because theyve seen homes sitting on the market and theyve heard interest rates and prices may drop. When the market isnt competitive, some buyers think they should wait for costs to go down, said Jordan Hammond, a Redfin Premier agent in Raleigh, NC. The market had 5.2 year-over-year.

New Listings 390

New Listings Sellers Buyers Mortgage 390

Housing Wire

MARCH 20, 2025

In July 2024, a coalition of five federal agencies the Consumer Financial Protection Bureau , the Federal Deposit Insurance Corp. , HUD and FHA handed down new appraisal bias protections in May 2024. (The claims) carry significant professional and legal consequences, he said.

Appraisal 243

Appraisal Reconsideration of Value Real Estate Legal 243

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 448

Brokerage Real Estate Training Buyers 448

Housing Wire

MARCH 14, 2025

The price per square foot is $216, increased from $213 in March 2024. Visit Altos Research Sources: Altos Research Buyer statistics Part of being a great buyers agent is getting inside the mind of a buyer. 32% of buyers are first-time buyers, and 75% of those first-time homebuyers are aged 25 to 33.

Real Estate 360

Real Estate Marketing Real Estate Agent Sellers 360