Housing Wire

JANUARY 9, 2025

In 2024, more people moved out of Illinois than into the Prairie State. On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. I would say there are more buyers out there now than there were pre-pandemic when the rates were lower. as of Jan. 6, compared to a score of 44.64

Housing Market 418

Housing Market Inventory Marketing Sellers 418

Housing Wire

JANUARY 30, 2025

But there may be some improvement on the horizon as newly listed home inventory grew 37.5% more homes were actively listed for sale on a given day in January, following a 15-month trend of higher annualized inventory levels. In total, inventory levels were 10.8% Only 14 metro areas surpassed pre-pandemic inventory levels.

Inventory 369

Inventory Sellers Marketing Buyers 369

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. Ten states have more inventory unsold than in 2019, which was the last sort of normal year before the pandemic. Inventory is still very tight in places like Chicago and New England, but it is rising in these markets.

Inventory 418

Inventory Housing Market Marketing Sellers 418

Housing Wire

JANUARY 27, 2025

Distressed home sales marketplace Auction.com released a new report Monday highlighting a drastic drop in foreclosure auction property volume in the fourth quarter of 2024. But auction buyers are still willing to enter the market as the new presidential administration settles into office.

Inventory 355

Inventory Buyers Sellers Marketing 355

Appraisal Buzz

JANUARY 2, 2025

The October 2024 results for the S&P CoreLogic Case-Shiller Indices were issued today by the S&P Dow Jones Indices (S&P DJI). In October 2024, the leading indicator of U.S. a modest decrease from the previous 2024 annual gains. home values had an annual growth of 3.6%a year-over-year growth (down from 5.2%

Inventory 359

Inventory Buyers Home Value Housing Market 359

Housing Wire

DECEMBER 30, 2024

All the housing market data for 2024 is in, and its fair to say that the housing market surprised us again! Home prices finished 2024 up a few percent nationally and mortgage rates are at their highest level in seven months back over 7% as we head into January. Inventory is increasing in basically every market around the country.

Housing Market 543

Housing Market Marketing New Listings Inventory 543

Appraisal Buzz

JANUARY 9, 2025

While home prices remain high and mortgage rates are forecasted to stay above 6% throughout 2025, the year is expected to see more inventory hit the market a silver lining for shoppers who will see more or less choice depending on where they are. 140,000 2.6 2 Rochester, NY Northeast 22.3% 129,900 2.5 3 Villas, FL South 14.1% 236,950 3.4

Buyers 370

Buyers Investing Inventory Marketing 370

Appraisal Buzz

FEBRUARY 13, 2025

Redfin cited a number of reasons for this increase in the nations housing inventory, including: The mortgage rate lock-in effect is fading: A number of homeowners who scored low mortgage rates during the pandemic have been staying put because moving would mean taking on a higher rate. month-over-month, and 4.7% year-over-year.

Inventory 397

Inventory New Listings Sellers Real Estate Agent 397

Housing Wire

MARCH 27, 2025

homebuyers continued making historically large down payments in late 2024, responding to a year of record-high upfront housing costs , according to a Realtor.com report. For all of 2024, buyers put down an average of $29,900, or 14.4% ” How can buyers afford to put more down? . Down payments were 3.4

Buyers 248

Buyers Inventory Housing Market Government 248

Housing Wire

APRIL 5, 2025

Weekly pending contracts for the last week over the past several years: 2025: 367,776 2024: 363,834 2023: 335,017 For both purchase apps and pending sales, the data presents an interesting trend: the positive weekly figures we’ve been observing coincide with mortgage rates exceeding my growth threshold. Stay alert for breaking news.

Mortgage 525

Mortgage New Listings Inventory Housing Market 525

Housing Wire

JANUARY 27, 2025

Even better, new home sales for the calendar year 2024 are estimated at 683,000, which is 2.5% Still, higher new home sales doesnt begin to offset the gap left by existing-home sales, which were at an almost 30-year low in 2024 at 4.06 Available new-home inventory is on a firm upward trajectory. gain compared to November.

Inventory 476

Inventory Buyers Housing Market Construction 476

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. Altos Research tracks every home for sale in the country every week all the active inventory and pending sales as they happen as well as prices and supply and demand metrics Lets look at this weeks data.

Inventory 448

Inventory New Listings Contracts Sellers 448

Housing Wire

FEBRUARY 4, 2024

How will mortgage rates impact seasonal inventory in 2024? It’s not what I wanted to see in 2024, but I have to be realistic since we are already in February. In the last four years, we have had abnormal seasonal inventory data, meaning that the spring inventory bottom happens later in the year.

Inventory 523

Inventory Mortgage New Listings Housing Market 523

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%. million units in total housing inventory, which was 2.9% million units in total housing inventory, which was 2.9% million).

Inventory 396

Inventory Realtors Buyers Contracts 396

Housing Wire

NOVEMBER 27, 2024

. “Even with mortgage rates modestly rising despite the Federal Reserve ‘s decision to cut the short-term interbank lending rate in September, continuous job additions and more housing inventory are bringing more consumers to the market.” Higher mortgage rates mean that some buyers might decide to wait until 2025.”

Marketing 370

Marketing Realtors Housing Market Lending 370

Housing Wire

MARCH 18, 2025

percent)* below the February 2024 rate of 1,546,000. percent below the February 2024 rate of 1,563,000. Active existing inventory hit all-time lows after Covid , benefitting builders The homebuilders’ biggest competition is the active inventory from the existing home sales market. This is 11.2 percent (15.7

Construction 436

Construction Inventory Housing Market Mortgage 436

Housing Wire

MARCH 6, 2025

Sims was able to sell the properties quickly thanks to the deep and wide pool of buyers using Auction.com, with its more than 7.4 Like Richards, most Auction.com buyers are local community developers who have a deep knowledge of the markets and submarkets where they are buying. million registered users.

Sellers 365

Sellers Inventory Landlords Renovations 365

Housing Wire

MARCH 31, 2025

This is measurable in both the total unsold inventory and the number of new listings each week. Because each week we have 815% more sellers than last year, the total inventory will continue to build unless and until demand shifts dramatically, which would require notably lower mortgage rates. Can the pace hold up? Thats up 1.1%

New Listings 450

New Listings Inventory Housing Market Sellers 450

Housing Wire

NOVEMBER 4, 2024

Inventory is past peak for the year, so the momentum looks to keep the trends in a positive direction for now. Let’s take a look at the data as we’re already in November 2024. Inventory drops again There are 736,000 single-family homes unsold on the market in the U.S. The inventory peak came a month earlier than in 2023.

Inventory 396

Inventory New Listings Sellers Contracts 396

Housing Wire

OCTOBER 28, 2024

We track inventory and home sales very closely, so the biggest surprise this year has been the resiliency of home prices. Let’s take a look at the data for the end of October 2024. Inventory ticked down this week Inventory ticked down to 738,000 from 739,000 last week. This year has maybe only just peaked in inventory.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

MARCH 10, 2025

The unsold inventory of homes on the market across the country is 28% greater than last year at this time. Withdrawals keep a lid on inventory growth. That suggests a shadow inventory of homes that want to be sold but the market isnt there for it. This year still has fewer home sales than 2024 at this time. Thats up 1.2%

Inventory 425

Inventory New Listings Housing Market Sellers 425

Housing Wire

JANUARY 20, 2025

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. Theres signal that the price buyers are paying is declining too. Sales are slow, so inventory of unsold homes is building.

Mortgage 397

Mortgage Inventory New Listings Contracts 397

Appraisal Buzz

MARCH 13, 2025

If 2025 follows the seasonal trends of the past few years, sellers who list their property this week may see more buyers in the market, sell their home more quickly, and receive an average of $27,000 more than they would at the beginning of the year. higher than the beginning of the year and 1.1% more than the average week of the year.

Sellers 367

Sellers Inventory Buyers Housing Market 367

Appraisal Buzz

DECEMBER 5, 2024

Down payment shares peaked early this year, in Q2 2024 versus the normal Q3 trend, according to Realtor.coms bi-annual down payment report. Nationwide, down payments in Q3 of 2024 averaged 14.5% with a median down payment of $30,300, down from Q2 2024s historical peak of 14.9% and $32,700. pp), Vermont (1.1

Inventory 397

Inventory Buyers Mortgage Appraisal 397

Appraisal Buzz

NOVEMBER 25, 2024

Buying a home in 2024 was surprisingly competitive given how high the affordability hurdle became,” says Skylar Olsen, chief economist for Zillow, in a statement. More inventory should shake loose in 2025, giving buyers a bit more room to breathe. million in 2023 and a projected 4 million in 2024.

Housing Market 365

Housing Market Marketing Buyers Construction 365

Housing Wire

JANUARY 27, 2025

Recently, weve shared that the inventory of unsold homes is growing. There are already plenty of markets nationwide where the inventory of unsold homes has built up over the past few years and home prices have ticked down. Following that, 2024 started a bit higher still. In 2023, the spring slope was much less steep.

Inventory 396

Inventory Sellers New Listings Contracts 396

Appraisal Buzz

DECEMBER 30, 2024

Housing inventory will likely still be low in 2025, and demand could increase. To be specific, the typical rate for a 30-year fixed-rate mortgage fell from 7.79% in October 2023 to 6.12% in October 2024. If youre prepared financially, then its a good time to buy a homeeven if inventory is limited and interest rates are high.

Housing Market 363

Housing Market Marketing Inventory Real Estate 363

Housing Wire

DECEMBER 4, 2024

While Kelly is hoping 2025 has fewer surprises than 2024, he said this way of thinking and preparing is something that HomeServices of America plans to carry into the new year. “It Whether it be rates, inventory, those challenges are going to persist,” Kelly said. It makes working with our team so much better,” he said.

Legal 396

Legal Agents Real Estate Brokerage 396

Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. Buying a home in 2024 was surprisingly competitive given how high the affordability hurdle became,” said Skylar Olsen, Zillow Chief Economist. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.”

Housing Market 396

Housing Market Tenants Marketing Mortgage 396

Housing Wire

JANUARY 22, 2025

Single-family rental ( SFR ) homes are now priced 20% higher than the typical apartment, according to Zillow s rental market report for December 2024. But for-sale inventory is improving as the number of listings in December totaled nearly 1 million, the most for the final month of the year since 2019. year over year and 26.2%

Inventory 448

Inventory Home Value Housing Market Buyers 448

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. I have a simple model with mortgage rates being above 7.25%: weekly inventory data should grow between 11,000-17,000 per week. We have now seen it for two weeks as inventory grew by 13,247. 2022: 19.2%

Inventory 514

Inventory Housing Market Marketing New Listings 514

Housing Wire

MARCH 24, 2025

Hispanic homeownership rate declined for the first time in a decade in 2024, to 49%, but more Hispanic households own their homes than ever before. This is according to the 2024 State of Hispanic Homeownership Report created by the National Association for Hispanic Real Estate Professionals ( NAHREP ). million households.

Finance 347

Finance Inventory Buyers Real Estate 347

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. So far the weekly high print in 2024 is only 72,329.

Inventory 526

Inventory New Listings Contracts Mortgage 526

Housing Wire

JULY 10, 2024

Anything under $300,000 or $350,000 has really good activity, but above that, I think interest rates have really affected buyers in those price ranges,” said Eddie Campos, the president of Northwest Ohio Realtors and an associate at RE/MAX Preferred Associates. “I 1 challenge for his buyers is the current inventory situation.

Inventory 434

Inventory Buyers Agents Inspection 434

Housing Wire

DECEMBER 20, 2024

Home sales in 2024 have been well below historic norms. Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. But even investors have purchased fewer homes this year. Investor purchases at the national level peaked in June 2021 at 148,670.

Investors 448

Investors Housing Market Marketing Real Estate 448

Housing Wire

MAY 8, 2024

Housing credit channels directly impact housing inventory channels. Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. This matters because inventory was already heading toward all-time lows before COVID-19.

Inventory 518

Inventory New Listings Law Sellers 518

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. Inventory grew faster last year.

New Listings 374

New Listings Inventory Contracts Sellers 374