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. Inventory, New Listings and Pending Sales Overview New listings increased by 7.9%

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Sellers Buyers New Listings Home Value 398

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. These are unsold new listings.

Housing Market 439

Housing Market Marketing New Listings Inventory 439

Housing Wire

JANUARY 29, 2024

Most economists forecast mortgage rates to decline in 2024, stoking optimism about the housing market. Most forecasts call for rates to bounce within the 6% to 7% range in 2024, marking the first annualized decline after three straight years of gains. On the bright side, new listings rose 2.2% by the end of this year.

Mortgage 414

Mortgage Inventory Investors Housing Market 414

Appraisal Buzz

JULY 9, 2024

The market is trending slightly in the direction of becoming more buyer-friendly thanks to these factors. While the quantity of homes on the market still trails pre-pandemic levels, home buyers are seeing more options to choose from as inventory increases,” said Danielle Hale, Chief Economist for Realtor.com. and 48.7%, respectively.

Housing Market 419

Housing Market Buyers Marketing Inventory 419

Appraisal Buzz

DECEMBER 9, 2024

Buyers realized mortgage rates may not drop below 5%, and probably not below 6%, in the near future. New listings on the for-sale market have increased by 3% annually. The top five metros with biggest year-over-year (YoY) increases in new listings are: Washington, D.C.

Buyers 370

Buyers Marketing New Listings Agents 370

Appraisal Buzz

JUNE 14, 2024

Buyers today are facing many of the realities of a hot market even though few homes are changing hands,” said Elijah de la Campa, Senior Economist at Redfin. And with so few homes for sale, buyers in some markets are getting into bidding wars, which is helping push home prices to record highs.” Ongoing U.S. year-over-year.

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Sellers Buyers New Listings Mortgage 436

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

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 360

Real Estate Buyers Tools Real Estate Agent 360

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. New listings rise This week saw 69,000 new single family listings unsold. So that’s a total of 84,000 total new sellers for single-family homes this week.

Buyers 414

Buyers Inventory New Listings Sellers 414

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” But as the calendar flipped to 2024 and as we inch closer to the spring selling season, Fischer said things have started to pick up. in mid-January 2024. as of February 29, 2024. According to Altos Research, as of Feb.

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Housing Market Marketing Inventory Construction 398

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At as of March 6, 2024. There is nothing to show.”

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Housing Market Buyers Agents Marketing 394

Housing Wire

JULY 29, 2024

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. On the supply side, new listings are slightly more than a year ago, but pulling back. If fact the “coming soon” pre-listings are now running behind last year by 5%. That’s up 1.3%

Housing Market 329

Housing Market Marketing Inventory New Listings 329

Appraisal Buzz

MARCH 26, 2024

As of March 17, there were roughly 795,645 active listings. There were roughly 88,902 new listings added during that same four weeks – and increase of 15% and the biggest increase since June 2021. The surge in listings is bringing some buyers back to the market, the firm says. The total number of U.S.

New Listings 195

New Listings Buyers Marketing Inventory 195

Housing Wire

APRIL 25, 2024

“I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We There is no way you can stay on top of things unless you hire someone to watch new listings pop up every 10 minutes. Buyers are really struggling.” We couldn’t even see it.

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Buyers Marketing Inventory Investors 376

Housing Wire

MARCH 11, 2024

The only way inventory would grow in 2024 is if mortgage rates climbed. New listings To watch whether supply and demand might get out of balance with higher mortgage rates, keep an eye on the new listings volume this spring, not just the total inventory. There were 59,000 new listings unsold this week.

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Inventory Sellers New Listings Real Estate 505

Housing Wire

JULY 13, 2024

The year-to-date data for 2024 is still unfavorable, with 10 positive prints, 14 negative prints and two flat prints. The seasonal decline period is starting soon, so we should get accustomed to seeing a decline in new listing data as the year heads toward its end. And our weekly pending sales data accounts for contracts.

Mortgage 484

Mortgage New Listings Inventory Contracts 484

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. These are very clear trends as we start the new year. But, 2024 is starting stronger than last year. But, 2024 is starting stronger than last year. So the sales rate is already growing for 2024.

Real Estate 497

Real Estate Marketing Inventory New Listings 497

Housing Wire

MAY 22, 2024

Looking ahead, price growth will cool down in the second half of 2024 because of increased inventory and more homes taking a price cut before selling. The chart below shows that the inventory growth rate picked up more in 2024 after March. I love that new listings data is growing yearly, but it’s been too light for me.

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Inventory New Listings Housing Market Contracts 445

Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. So far, so good in 2024. New listings data While new listings data isn’t growing in significant terms year over year — sorry, silver tsunami crowd — it is showing growth year over year.

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Inventory Mortgage New Listings Sellers 531

Sacramento Appraisal Blog

FEBRUARY 14, 2024

Pulling comps in 2024 is tough. I also have some market recap visuals to unpack what’s been happening in 2024 so far. UPCOMING SPEAKING GIGS: 2/19/24 Matt the Mortgage Guy YouTube […] The post The challenge of pulling comps in 2024 first appeared on Sacramento Appraisal Blog. Think about it this way.

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Appraisal Marketing Mortgage New Listings 344

Housing Wire

MARCH 2, 2024

Let’s take a look at the inventory data this year to test this premise, since for many months it has been a working theory of mine that new listings data behavior last year marked a bottom and even going into 2024 we should see more sellers. Here is a look at inventory last week: Weekly inventory change (Feb.

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Inventory Mortgage New Listings Housing Market 531

Housing Wire

SEPTEMBER 15, 2024

10-year yield and mortgage rates My 2024 forecast included: A range for mortgage rates between 7.25%-5.75% A range for the 10-year yield between 4.25%-3.21% Mortgage rates are at their lows for 2024 and are not that far from the very bottom forecast I had for 2024 at 5.75%. More detail on that is here.

Mortgage 510

Mortgage Inventory New Listings Retail 510

Housing Wire

APRIL 1, 2024

New listing volume last week was 18% more than a year ago. All of these signals point to rising home sales in 2024. NAR reported 33% all cash buyers, which is the most since 2014 when buyers were still cleaning up distressed properties. That’s 60,000 new listings and another 17,000 immediate sales.

Inventory 473

Inventory New Listings Contracts Sellers 473

Housing Wire

NOVEMBER 21, 2023

Prospective home buyers experienced another difficult month due to the persistent lack of housing inventory and the highest mortgage rates in a generation,” NAR Chief Economist Lawrence Yun said in a statement. Together, the two may suggest that there really is nowhere to go but up in 2024,” she said. “In from October 2022’s $378,800.

Inventory 378

Inventory New Listings Realtors Contracts 378

Appraisal Buzz

OCTOBER 3, 2024

The Realtor.com 2024 September Housing Report states that actively listed properties increased by 34.0%, while newly listed homes increased by 11.6% fall in August 2024. September 2024: National Housing Metrics Median listing price : (Change over September 2023: -1.0% over the previous September.

Marketing 419

Marketing New Listings Sellers Advertising 419

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.

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Inventory New Listings Contracts Mortgage 513

Housing Wire

AUGUST 4, 2024

As we can see below, when the market priced economic weakness earlier in 2024, it took the 10-year yield down toward 3.80% but didn’t break that level. The year-to-date data for 2024 is still unfavorable, with 10 positive prints, 17 negative prints and two flat prints. Can mortgage rates go even lower?

Mortgage 483

Mortgage Inventory New Listings Housing Market 483

Housing Wire

MAY 28, 2024

New listings climbed during the past week and there are now 72,000 more single-family homes on the market. It appeared that new listings might be on the decline already, but the pace picked up a tad this week, which is encouraging. No one wants a scenario in which there’s a flood of sellers but no buyers.

Inventory 503

Inventory New Listings Contracts Sellers 503

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

APRIL 27, 2024

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. This isn’t saying too much since 2023 had the lowest recorded level of new listings ever, but it’s still a plus in my book. 2022: 19.2%

Inventory 501

Inventory Housing Market Marketing New Listings 501

Housing Wire

DECEMBER 14, 2023

“Given inflation continues to decelerate and the Federal Reserve Board’s current expectations that they will lower the federal funds target rate next year, we likely will see a gradual thawing of the housing market in the new year,” Sam Khater, Freddie Mac’s chief economist said in a statement. One LO said he quoted an FHA borrower at 5.7%.

Mortgage 488

Mortgage New Listings Loan Officers Inventory 488

Housing Wire

SEPTEMBER 28, 2024

2024: 362,620 2023: 340,526 2022: 380,823 Purchase application data Even as mortgage rates ticked up just a smidge this week, the winning streak of consecutive positive purchase apps continues with five weeks of gains. Mortgage spreads The mortgage spread story has been positive in 2024, whereas it was negative in 2023.

Mortgage 493

Mortgage Inventory New Listings Contracts 493

Housing Wire

JANUARY 13, 2024

So let’s hope for more home sellers in 2024. 6-13): Inventory rose from 471,349 to 473,406 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 931,002 I don’t want to jinx this because active inventory rose last year at this time. 2022 21.7%

Inventory 513

Inventory New Listings Retail Mortgage 513

Housing Wire

SEPTEMBER 22, 2023

Adding to buyers’ affordability pain, median home prices rose 3.4% 17, total active listings were at 806,701, down 16.2% However, new listings have stabilized, ticking up slightly since the beginning of September. New listings are down 6.7% For the four weeks ending Sept. compared to a year ago.

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New Listings Inventory Buyers Mortgage 424

Housing Wire

APRIL 25, 2024

In 2024, agents have two choices; learn how to run your entire business from the apps on your phone or tablet, or find a new career. To help, we reviewed hundreds of options to put together this list of the best real estate apps for 2024. Think of it as another concierge service to offer your buyers to help you stand out.

Real Estate 343

Real Estate Agents Open Houses Tools 343

Appraisal Buzz

SEPTEMBER 13, 2024

As we near the fourth quarter of 2024, the traditional peak of the home-buying season has passed, and the real estate market is entering a period of transition. This growing inventory is expected to persist until October, driven by elevated mortgage rates that are keeping many potential buyers on the sidelines.

Inventory 398

Inventory Real Estate Marketing New Listings 398

Housing Wire

APRIL 19, 2024

year over year in the first quarter of 2024, with the median price hitting a record $1.225 million, according to data from Redfin. High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market. New listings of luxury homes soared 18.5% Buyers are looking for that again.

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Luxury Properties New Listings Buyers Housing Market 408