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Luxury Market Heats Up as Affluent Buyers Seek ‘Forever Homes’

Appraisal Buzz

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. of responding specialists agreed. Among specialists, 32.8%

Buyers 417
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Lower mortgage rates are spurring housing demand

Housing Wire

Additionally, our weekly pending contract data and new listings are trending positively compared to last year. Stay alert for breaking news. Mortgage spreads Mortgage spreads started showing positive trends in 2024 and have continued up until last week.

Mortgage 529
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The two big housing market trends to watch in 2025

Housing Wire

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. These are unsold new listings.

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New listings have peaked for 2024: It’s the second-lowest year on record

Housing Wire

One of my critical forecasts for 2024 was the growth of new listings data and active inventory, even with higher mortgage rates. However, the new listings data has slightly disappointed me. New listings data I am pleased that we’ve seen new listings data grow year over year — it’s a big step forward.

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Spring Housing Inventory Jumps, But Buyers Remain Hesitant Amid Economic Turmoil 

Appraisal Buzz

Nonetheless, increasing price reductions and declining pending house sales indicate that buyers are being cautious, most likely as a result of the uncertain economic climate and customers growing anxieties about their individual financial circumstances. of listings, the largest percentage for any March since at least 2016.

Inventory 335
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Zillow Reveals 2024’s ‘Most Desirable’ Cities 

Appraisal Buzz

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.

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Will home prices fall in 2025 with more inventory?

Housing Wire

New listings grew 7% from the week prior Last week saw 68,000 newly listed single-family homes. As such, the pace of new listings seems to be picking up for the spring and the post-pandemic era. Additionally, there were 14% more new listings unsold compared to this time last year. Let’s dive in.

Inventory 428