Housing Wire

DECEMBER 30, 2024

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.

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Inventory Buyers Housing Market Mortgage 320

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. However, I knew the years 2020-2024 would see better demand from the bump in demographics.

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Inventory Marketing Housing Market New Listings 470

Housing Wire

OCTOBER 23, 2024

million, according to data released Wednesday by the National Association of Realtors (NAR) On a year-over-year basis, existing-home sales were down 3.5% And while the slower sales pace may not be great news for real estate professionals, it has resulted in an uptick in inventory , which is good news for homebuyers. After falling 2.5%

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Inventory Realtors Buyers Real Estate 337

Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We 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.

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Housing Market Marketing Inventory Construction 398

Housing Wire

FEBRUARY 7, 2024

After closing out 2023 with its first annual membership decline since 2012, the National Association of Realtors is still struggling with its membership count. January marked the third consecutive month of membership declines for NAR and the month’s Realtor count marks the lowest level since May 2021. This is down 2.1% Washington, D.C.

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Realtors Agents Brokerage Inventory 400

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). In 2023, new-home sales are up 5% year to date, Yun said.

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Real Estate Inventory Sellers Realtors 467

Housing Wire

APRIL 1, 2024

HousingWire has partnered with New Hampshire Association of Realtors (NHAR) to bring original data, analytics and news to its members who are the voice for real estate in the state.

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Realtors Brokerage Tools Inventory 361

Housing Wire

JULY 24, 2024

The drop in sales is causing a rapid rise in unsold inventory. rise from the revised May 2024 number. The surge in mortgage rates earlier this spring softened housing demand, leading to a slowdown in sales and an increase in both resale and new home inventory levels,” Zillow senior economist Orphe Divounguy said in a statement.

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Inventory Construction Realtors Marketing 359

Housing Wire

NOVEMBER 30, 2023

Homebuyer traffic will increase in 2024, fueled by lower mortgage rates and more existing-home inventory. Here’s what homebuyers and sellers can expect in 2024, according to Bright MLS: Mortgage rates will fall, ranging between 6% and 6.5% Existing-home sales will end 2024 at 4.6 Existing-home inventory will grow to 1.3

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Buyers Housing Market Sellers Inventory 434

Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

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Inventory Housing Market Marketing Modernization 417

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

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Construction Supply Chain Inventory Housing Market 436

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey.

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Inventory Agents Real Estate Sellers 364

Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”

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Inventory Renovations Real Estate Government 457

Appraisal Buzz

DECEMBER 19, 2024

The National Association of Realtors reports that existing-home sales increased in November. 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%. Three major U.S. from October to 4.15

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Inventory Realtors Buyers Contracts 383

Housing Wire

DECEMBER 20, 2023

Did today’s existing home sales report give us a playbook for housing in 2024? However, this time around, the Federal Reserve rate hike cycle is over, and we don’t need to worry about Fed presidents going on CNBC in 2024 crying about 6% mortgage rates making their lives difficult. So, let’s not make that mistake in 2024.

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Housing Market Marketing Inventory Realtors 435

Housing Wire

OCTOBER 23, 2024

Ohio REALTORS, one of the largest and most influential real estate associations in the Midwest, has announced its partnership with HousingWire , the leading source for housing market news and information. This partnership underscores Ohio REALTORS ‘ commitment to supporting its members through education and professional development.

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Realtors Agents Marketing Real Estate 329

Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. 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. On the bright side, housing inventory rose 1.8%

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Inventory New Listings Realtors Contracts 378

Housing Wire

JUNE 27, 2024

After rising in March , pending home sales continued to slide in May, with the Pending Home Sales Index (PHSI) posting its second consecutive month of declines to reach a record low, according to data released Thursday by the National Association of Realtors (NAR). million existing homes to be sold in 2024, up from 4.09

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Inventory Contracts Realtors Buyers 478

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month

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Housing Market Marketing Inventory Sellers 538

Housing Wire

DECEMBER 19, 2024

The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 million in March 2024 , and its the highest year-over-year increase since a 23% gain in June 2021. The housing industry is getting an early Christmas gift. million, a 4.8% increase year over year.

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Inventory Realtors Housing Market Real Estate 358

Housing Wire

MAY 21, 2021

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. housing market for 2020 to 2024 is that home prices could escalate to an unhealthy level. This was a miss from estimates and the third straight month of declines in sales. My biggest fear for the U.S.

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Housing Market Marketing Inventory Realtors 541

Housing Wire

DECEMBER 20, 2023

percentage points above the average of four forecasts for the third quarter of 2024 and roughly 0.6 It also provided committee members’ forecasts of what would be the appropriate rate in 2024, which was based on their forecasts of inflation, GDP growth and other economic indicators. in the first half of 2024. 15, just 0.07

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Mortgage Realtors Real Estate Marketing 392

Housing Wire

JULY 23, 2024

I have often discussed four months of supply and active inventory between 1.52 In the previous decade, active inventory ranged between 1.52 Some 2024 existing home sales data is similar to 2023. From NAR: Total housing inventory registered at the end of June was 1.32 Unsold inventory sits at a 4.1-month

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Marketing Inventory Housing Market Buyers 433

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.

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Inventory Buyers Agents Inspection 313

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings.

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Insurance Inventory Marketing Real Estate 363

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). According to an NAR outlook, home sales are projected to rise significantly in 2024 and 2025 as the housing market steadily returns to normal. increase between 2024 and 2025 to a pace of 5.35 Pending home sales rose 8.3%

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Contracts Housing Market Construction Inventory 458

Housing Wire

MARCH 28, 2024

month over month, according to the newest data released Thursday by the National Association of Realtors (NAR). Ongoing job gains are clearly increasing demand along with more inventory.” from January to February due to steadily growing inventory. Overall, active inventory grew 14.8% annually in February 2024.

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Inventory Realtors Contracts Sellers 422

Housing Wire

NOVEMBER 30, 2023

in October on a month-over-month basis, according to data released Thursday by the National Association of Realtors (NAR). Home sales should perform better in 2024 even if affordability remains a challenge According to Bright MLS’s forecast , mortgage rates will continue to trend downward in 2024, finishing the year at 6.2%.

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Housing Market Inventory Realtors Construction 447

Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. Prospective homebuyers have been shut out of the market by a lack of inventory. Compared to a month ago, housing inventory was down 11.5% In 2023, 4.09

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Inventory Realtors Housing Market Construction 423

Housing Wire

JUNE 21, 2022

The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened.

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Housing Market Marketing Inventory Mortgage 539

Housing Wire

NOVEMBER 11, 2022

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

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Inventory Housing Market Realtors Mortgage 502

Housing Wire

NOVEMBER 21, 2022

The forecast for the housing market is expected to get gloomier next year before rebounding to 2022 levels in 2024. million in 2024. million, according to the National Association of Realtors. In addition, the unsold existing homes inventory has slipped for three consecutive months, ending October at 1.22 year over year.

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Contracts Government Mortgage Buyers 350

Housing Wire

NOVEMBER 27, 2024

The latest signal comes from the National Association of Realtors ‘ (NAR) Pending Home Sales Index (PHSI), which shows sales in October growing 5.4% Despite the recent rise in mortgage rates, early indicators suggest that the housing market is pointed in the right direction. year over year and 2% compared to September.

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Marketing Realtors Housing Market Lending 286

Appraisal Buzz

AUGUST 14, 2024

homebuyers as a strong economy bolsters the housing market, according to the Realtor.com 2024 Forecast Update. The report predicts a year-end rise in both for-sale inventory and the median sales price of existing homes, projecting increases of 14.5% Mortgage relief is on the horizon for U.S. The forecast anticipates a 14.5%

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Housing Market Marketing Mortgage Inventory 396

Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. Overall, the Midwest, the Great Lakes and the South regions will get a lot of attention in 2024, according to Zillow ’s study.

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Housing Market Marketing Logistics Real Estate 389

Housing Wire

JANUARY 22, 2021

Today the National Association of Realtors reported existing home sales for the month of December were at 6,760,000, a beat of estimates. Also covered in the NAR report was housing inventory. Inventory is at all-time lows of 1.9 For context, inventory does tend to fall toward the end of the year and stay low until spring.

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Housing Market Marketing Inventory Realtors 545

Housing Wire

APRIL 27, 2023

month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. in 2024, and housing starts will fall 7.3% annual in 2024 to 1.54 year over year.

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Inventory Realtors Contracts Construction 389