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! However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. The other trend to watch is whether we finally have more sellers entering the market in 2025.

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Housing Market Marketing New Listings Inventory 439

Housing Wire

NOVEMBER 27, 2023

There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. A few more sellers appear to be braving the market each week. There’s nothing bullish on the horizon for home prices in 2024. We had 52,000 new pending sales this week. We had 52,000 new pending sales this week.

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New Listings Contracts Inventory Housing Market 485

Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. May 2024 Market Report Highlights Home values climbed month over month in all 50 of the nation’s largest metro areas in May. However, buyers aren’t matching sellers’ enthusiasm; sales in May were 6% lower than last year.

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Sellers Buyers New Listings Home Value 398

Housing Wire

FEBRUARY 26, 2024

We still see more sellers than last year. New pendings We’ve been sharing how the sales rate has been trying to expand for 2024. And sure enough the number of new contracts started this week dipped. We are in the normal range with price reductions, meaning sellers are generally fine, generally getting their prices.

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Sellers Inventory New Listings Contracts 405

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.

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Mortgage Inventory New Listings Contracts 482

Housing Wire

DECEMBER 11, 2023

We can see that while inventory rises with rates and falls with rates, that there is no signal of any flood of sellers. If we had a flood of sellers, that would be bearish for home prices. I’ve been trying to highlight in the last few weeks how the pace of home sales has stopped declining and is about to show some recovery in 2024.

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Inventory Contracts Sellers Real Estate 441

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. But, 2024 is starting stronger than last year. Could the housing market change and slow again in 2024? Sellers are coming back There are 499,000 single-family homes unsold on the market now.

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Real Estate Marketing Inventory New Listings 497

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.

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Housing Market Marketing Inventory New Listings 329

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.

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New Listings Inventory Mortgage Sellers 457

Housing Wire

JANUARY 2, 2024

real estate market is in and it may surprise you, but pretty much all the signals for housing in 2024 are pointing for growth now. We have more homes going into contract each week now than we did a year ago — supply and demand are climbing together. Each week sellers are easing back into the market a little more than last year.

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Housing Market Marketing Inventory Contracts 527

Housing Wire

AUGUST 1, 2024

But it will be their sellers who make the decision on an offer of compensation to a buyer broker. In the agreement, sellers have the option to choose to pay their listing broker an exact dollar amount, a percentage of the gross purchase price of the property or an undefined “Other.”

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Sellers Buyers Agents Law 409

Housing Wire

MAY 28, 2024

No one wants a scenario in which there’s a flood of sellers but no buyers. real estate market at the end of May 2024. Inventory will peak in late summer and is expected to end 2024 with about 620,000 single-family homes on the market, which would be about 20% more than the year prior. There just aren’t enough sellers yet.

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Inventory New Listings Contracts Sellers 503

Housing Wire

JANUARY 10, 2024

SmartZip primarily benefits experienced listing agents, yet any agent willing to nurture seller leads can thrive with this platform. Armed with this data, agents can streamline their outreach efforts and focus on sellers who are ready for their services.

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Real Estate Real Estate Agent Tools Agents 325

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 value education was mentioned across the board.

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Brokerage Real Estate Training Buyers 366

Housing Wire

APRIL 1, 2024

At the same time, seller volume dried up. But now sellers are coming back into the market. All of these signals point to rising home sales in 2024. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. More sellers means more sales in 2024.

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Inventory New Listings Contracts Sellers 473

Housing Wire

FEBRUARY 9, 2024

Our comprehensive guide to the best real estate marketing tools provides you with a helpful assortment of easy-to-use, effective marketing products to turn your business into a revenue engine in 2024. It gives you a “first mover advantage”, providing robust follow-up tools that help you nurture potential seller clients with ease.

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Real Estate Tools Marketing Real Estate Agent 415

Housing Wire

JULY 8, 2024

real estate market as we’re now in the second half of 2024. New listings show 12% more sellers than a year ago When we look at the new supply hitting the market each week, we see the same trend we’ve had for a few months. There are more sellers than a year ago, but still not a lot of sellers. So what do we see now?

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Inventory Contracts Sellers New Listings 444

Housing Wire

MARCH 11, 2024

The suspicion was that there were a bunch of sellers who were waiting to sell: Once rates fell these sellers would come rushing back to this real estate market and we’d finally see inventory grow. The only way inventory would grow in 2024 is if mortgage rates climbed. More sellers generally will allow for more sales in 2024.

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Inventory Sellers New Listings Real Estate 505

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.

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Inventory Sellers Housing Market Contracts 397

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

APRIL 8, 2024

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. Here’s how 2024 is shaping up: There are now more listings, more active inventory and more sales than a year ago. In other words, seller growth continues.

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Inventory Contracts New Listings Sellers 445

Housing Wire

OCTOBER 16, 2023

The leading indicators for sales prices show that 2023 will end with home price gains of 1-2% over 2022, but the 2024 outlook is weakening and depends on your view of mortgage rates in Q1 and whether home prices will appreciate next year. Note the inventory climb is not from sellers. 5% fewer sellers each week than last year.

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Inventory Contracts Sellers New Listings 442

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%

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Contracts Buyers Inventory Mortgage 419

Housing Wire

OCTOBER 31, 2023

New listings decline isn’t as steep as a year ago There were only 53,000 new listings (single-family homes) unsold this week, plus 10,000 more new listings that are already in contract. There are far fewer sellers now than in any recent year. However, last year’s seller decline was much more steep.

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New Listings Inventory Contracts Housing Market 465

Housing Wire

JUNE 3, 2024

These are the homes that go into contract immediately after listing. New listings dry up On the other hand, inventory can’t build too much if sellers don’t sell. There are some signals of seller volume drying up. Seller volume in 2024 had been slowly growing, and I viewed that as an optimistic trend.

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Inventory Contracts New Listings Sellers 470

Housing Wire

NOVEMBER 21, 2023

Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. Together, the two may suggest that there really is nowhere to go but up in 2024,” she said. “In Looking at the four major U.S. from October 2022’s $378,800. All four U.S.

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Inventory New Listings Realtors Contracts 378

Housing Wire

SEPTEMBER 28, 2024

Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently. Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. This can help get mortgage rates down toward 5.75%.

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Mortgage Inventory New Listings Contracts 493

Appraisal Buzz

NOVEMBER 22, 2024

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%

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Buyers Luxury Properties Marketing Inventory 418

Housing Wire

NOVEMBER 1, 2023

The newly-updated Fannie Mae November Selling Guide now bars job offers or contracts for future employment from family members or interested parties involved in a transaction. “We The update also includes new general lender requirements regarding staffing, training and policies to maintain seller and/or servicer eligibility.

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Contracts Training Sellers Mortgage 415

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.

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Mortgage Inventory Marketing New Listings 451

Housing Wire

JANUARY 12, 2024

The best real estate CRM solution is the one that will manage your client interactions, increase the number of touchpoints with each client, and convert leads seamlessly into buyers and sellers. Below, we take a deep dive into the best real estate CRM solutions for solo agents, teams and brokerages.

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Real Estate Real Estate Agent Tools Agents 409

Housing Wire

NOVEMBER 23, 2024

Weekly pending sales The Altos Research weekly pending contract data provides insights into real-time demand. Even today, the pending contract data remains resilient despite higher home prices and mortgage rates than last year. Still, when it’s all said and done, 2024 will be the second-lowest new listings year in history.

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Mortgage Inventory New Listings Contracts 470

Housing Wire

JUNE 14, 2024

home sales, with Redfin reporting Friday that sales in May 2024 dropped to one one of the lowest levels of the past decade. Data continues to reflect seller-friendly market conditions as the median sale price reached another record high of $439,716 — up 5.1% during the year ending in May 2024. That was down 1.7% year over year.

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Sellers Buyers Contracts Brokerage 468

Housing Wire

SEPTEMBER 18, 2024

According to NAR , five percent of sellers and four percent of buyers found their agent through another agent’s referral. A referral estate referral occurs when a licensed agent or broker passes along a prospective buyer or seller to another licensed agent to handle a transaction. Everybody’s happy!

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Real Estate Real Estate Agent Agents Brokerage 386

Housing Wire

MARCH 22, 2024

1, 2024 , Washington state’s agency law requires agents to have a written agreement with buyers (as well as sellers) to spell out the exact scope of the services provided by the agent, as well as the compensation the client has agreed to pay them in return. As of Jan.

Buyers 467

Buyers Contracts Real Estate Agents 467

Housing Wire

NOVEMBER 14, 2023

Last year at this time, sellers and homebuyers hit the brakes hard. Remember the Altos rule: If rates go up, inventory will build in 2024. Meanwhile, there are 66,000 new, single-family listings this week, with 11,000 of those already under contract. If rates fall, inventory will drop again as demand heats up.

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Housing Market Marketing Inventory Contracts 430

Housing Wire

MAY 6, 2024

On May 16, Altos Research is hosting its monthly webinar, where we dive deep on all of the local data trends, as well as the leading indicators for what should happen the rest of 2024. housing market as we roll into May 2024. More home sellers are coming back to the market each week. Click that to reserve your spot now.

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Inventory Contracts Sellers New Listings 395