Remove 2024 Remove Buyers Remove Realtors
article thumbnail

Pending home sales limped to the end of 2024

Housing Wire

Pending home sales ended the year on a down note, according to data published on Thursday by the National Association of Realtors (NAR). According to Bright MLS chief economist Lisa Sturtevant, 2024 marked a 30-year low for pending home sales. The most obvious factor that would draw buyers into the market is a drop in mortgage rates.

Contracts 448
article thumbnail

More first-time buyers rely on mortgage rate buydowns to afford homes

Housing Wire

According to HomeLight ‘s Top Agent Insights report released this week, real estate agents are feeling this and are being forced to switch up tactics to attract buyers. The company’s 2024 Top Agent Insights survey gathered perspectives from more than 750 real estate agents between Oct. 30 and Nov.

Buyers 482
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Home prices rise in nearly 90% of metros in Q4 2024

Housing Wire

metropolitan areas analyzed experienced annualized home-price gains in the fourth quarter of 2024, according to data published Thursday by the National Association of Realtors (NAR). NAR found that 201 of 226 metro areas (89%) saw sale prices for single-family homes rise on a yearly basis in Q4 2024, up from 87% in the prior quarter.

Realtors 415
article thumbnail

Pending home sales rise again as buyers capitalize on more inventory

Housing Wire

Despite rising mortgage rates through much of 2024, recent indications show growing boldness among homebuyers heading into the new year. A report released Monday by the National Association of Realtors (NAR) showed an increase in pending home sales for the fourth consecutive month.

Inventory 435
article thumbnail

Costs Mounting for Homebuyers

Appraisal Buzz

The study found that 48% of buyers said costs were higher than expected, with 39% exceeding their budget and 38% reporting impacts on their savings. The study found that 48% of buyers said costs were higher than expected, with 39% exceeding their budget and 38% reporting impacts on their savings. times more than boomers (31%).

article thumbnail

New objection to NAR settlement targets business practice changes, plaintiffs’ attorneys fees

Housing Wire

After previously taking issue with some of the forms generated as a result of the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement , University of Buffalo law professor Tanya Monestier is now objecting to NAR’s settlement. In a document filed on Monday in U.S.

Business 468
article thumbnail

Sotheby’s growth in 2024 signals the luxury housing market boom

Housing Wire

Sothebys International Realty recently released its 2024 performance report. According to the report, Sothebys did $157 billion in global sales in 2024, and its U.S. as reported by the National Association of Realtors (NAR). According to the report, global expansion was a staple of Sothebys growth strategy in 2024.