Housing Wire

FEBRUARY 3, 2025

As inventory builds and, as there are fewer offers from homebuyers , more sellers feel the need to reduce the asking price of the homes for sale. Looking backward at the housing market , we can see sales prices are not appreciating compared to 2024. Sellers who dont get an offer may choose to cut their price. About 33.1%

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Sellers Inventory New Listings Contracts 412

Appraisal Buzz

JANUARY 30, 2025

According to the Realtor.com January Monthly Housing Report, January saw a positive shift in seller activity despite recent hikes in mortgage rates, with the number of newly listed homes increasing 37.5% The uptick is likely due to some residual benefit from falls lower mortgage rates, which could fade. month-over-month.

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Sellers Inventory New Listings Contracts 332

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. That growth is in jeopardy if we stay at the high end of the mortgage rate range into the first quarter 2025.

Housing Market 543

Housing Market Marketing New Listings Inventory 543

Housing Wire

FEBRUARY 1, 2025

Higher mortgage rates are forcing many first-time homebuyers to adopt a “wait-and-see” approach to the market. The company’s 2024 Top Agent Insights survey gathered perspectives from more than 750 real estate agents between Oct. Other agents reported that the NAR settlement complicated things for buyers and sellers.

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Buyers Real Estate Agent Mortgage Real Estate 482

Appraisal Buzz

NOVEMBER 26, 2024

As 2025 draws near, mortgage rates are once again in the news. Buying a home in 2024 was surprisingly competitive given how high the affordability hurdle became,” said Skylar Olsen, Zillow Chief Economist. million existing home sales in 2024, a little increase over 2023’s 4.1 million and 2024’s anticipated 4 million.

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Housing Market Tenants Marketing Mortgage 396

Appraisal Buzz

NOVEMBER 13, 2024

More than half of home buyers (52%) negotiated with the seller, with 94% of those who did achieving success. About 34% of buyers paid below the asking price in 2024—up from 27% in 2022, when the market was more favorable to sellers. Click here to access Clever Real Estate’s report, “ The True Cost of Buying a Home in 2024.”

Real Estate 417

Real Estate Sellers Buyers Renovations 417

Housing Wire

JANUARY 20, 2025

In the fourth quarter of 2024, sales were coming in at 5% to 10% more than the year prior. This housing market is on hold until mortgage rates come down. We knew that mortgage rates over 7% were possible for the year, and here we are. In fact, it seems like the high mortgage rates are holding back new listings, too.

Mortgage 397

Mortgage Inventory New Listings Contracts 397

Housing Wire

OCTOBER 29, 2024

Economists pointed to lower mortgage rates as the reason for slower growth. According to Bright MLS, it’s the slowest annual gain in 2024 thus far and the first monthly decline since December 2022. On a non-seasonally adjusted basis, the national home price index posted a 4.2% gain year over year, less than the 4.8% gain from July.

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Mortgage Sellers Buyers Housing Market 487

Housing Wire

FEBRUARY 24, 2025

Mortgage rates are a big variable here. In 2024, we saw a notable increase in buyer demand when mortgage rates got close to 6%. However, mortgage rates were climbing to their highest level of the year at this time in 2024. Mortgage rates now are lower than they were a year ago. This year its 2%.

Inventory 495

Inventory New Listings Sellers Contracts 495

Housing Wire

JANUARY 29, 2025

The housing market in 2024 was about as frustrating for the real estate industry as you can imagine. According to NAR, existing-home sales finished 2024 at a dismal 4.06 Census Bureau data, these sales topped 683,000 in 2024, which is the second consecutive annual gain. Sales finished 2024 on a relative high note.

Sellers 484

Sellers Housing Market Realtors Inventory 484

Housing Wire

MARCH 17, 2025

As mortgage rates rose, homebuyer demand slowed and inventory grew. In 2025, mortgage rates have stayed stubbornly high for yet another spring buying season. Our 2025 housing market predictions are based on the assumption that lower mortgage rates will spur demand and boost the number of homes sales transactions.

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Inventory New Listings Housing Market Sellers 426

Housing Wire

MARCH 27, 2025

homebuyers continued making historically large down payments in late 2024, responding to a year of record-high upfront housing costs , according to a Realtor.com report. For all of 2024, buyers put down an average of $29,900, or 14.4% in 2024, while transactions below that threshold fell 9.3%. Down payments were 3.4

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Buyers Inventory Housing Market Government 234

Housing Wire

DECEMBER 9, 2024

If 2024 was a rollercoaster, 2025 is shaping up to be a championship gameand every buyer , seller and homeowner has a shot at winning big. Wrapping up 2024 Lets get one thing straight: 2024 kept us on our toes. Sellers are offering incentives now, but those could wane as the market heats up in spring.

Mortgage 370

Mortgage Sellers Real Estate Buyers 370

Housing Wire

FEBRUARY 24, 2025

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. According to the report, global expansion was a staple of Sothebys growth strategy in 2024. sales volume increased 9.4% year over year. In the U.S.,

Housing Market 351

Housing Market Marketing Realty Real Estate 351

Appraisal Buzz

JANUARY 27, 2025

Profit margins for home sellers decreased in 2024 compared with 2023, despite rising home prices, a report from ATTOM shows. Home sellers made a $122,500 profit on typical sales nationwide last year, generating a 53.8% from 2023, according to ATTOMs Year-End 2024 U.S. return on investment. Thats down from 56.9%

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Sellers Housing Market Investing Appraisal 195

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. Although higher home prices , rising mortgage rates and other expenses are obvious factors, there may be more to the story. “I explain to sellers that their house will sit on the market if its not fairly priced.

Inventory 488

Inventory Sellers Housing Market Contracts 488

Appraisal Buzz

FEBRUARY 18, 2025

cities on Zillow between December 2023 and December 2024. Ranking second easiest for sellers is Allentown, Pennsylvania, with 57.4% In cities like Rochester and Allentown, the combination of lower home values and high buyer demand creates a favorable sellers market, added the Calgaryhomes.ca has uncovered the U.S. spokesperson.

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Sellers Home Value Buyers Real Estate 291

Housing Wire

OCTOBER 28, 2024

Given the unrelenting mortgage costs, generally weak homebuyer demand, and the year’s rising supply of unsold homes, I’ve been expecting home prices to recede a bit in the second half of this year. Let’s take a look at the data for the end of October 2024. This year’s mortgage rate moves are smaller than last years.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

DECEMBER 4, 2024

While Kelly is hoping 2025 has fewer surprises than 2024, he said this way of thinking and preparing is something that HomeServices of America plans to carry into the new year. “It We were originally founded with the idea of having anything you need as a buyer or a seller transacting real estate all under one roof.

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Legal Agents Real Estate Brokerage 396

Housing Wire

MARCH 31, 2025

Because each week we have 815% more sellers than last year, the total inventory will continue to build unless and until demand shifts dramatically, which would require notably lower mortgage rates. There are more sellers each week, and there are more sales, but the supply side is growing faster than demand. Its getting close.

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New Listings Inventory Housing Market Sellers 404

Housing Wire

JANUARY 30, 2025

Rising mortgage rates that are now above 7% have continued in January. higher than in January 2024, good for the highest level for any January since 2021. Home buyers and sellers are ending a longstanding stalemate, Realtor.com chief economist Danielle Hale shared in the report. When compared to the same month a year ago, 24.6%

Inventory 369

Inventory Sellers Marketing Buyers 369

Housing Wire

DECEMBER 20, 2024

Home sales in 2024 have been well below historic norms. Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. But even investors have purchased fewer homes this year. Investor purchases at the national level peaked in June 2021 at 148,670.

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Investors Housing Market Marketing Real Estate 448

Housing Wire

OCTOBER 13, 2024

Weekly housing inventory data Four weeks ago was the best week of inventory growth in 2024, as we hit my model range without higher mortgage rates : I gave it the chef’s kiss. Remember that 2023 had the lowest new listings data ever and 2024 will have the second lowest. Still, at least we saw growth in 2024.

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Inventory New Listings Retail Mortgage 511

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%. To get to the lower end of this range, we needed to see two things: the labor market getting softer and the mortgage spreads improving. year over year.

Mortgage 525

Mortgage Inventory New Listings Contracts 525

Housing Wire

JANUARY 6, 2025

At the same time, mortgage rates jumped back over 7%. For the four December weeks in 2024, there were just 44,000 new pending home sales on average for single-family homes. What were trying to track are what the real-time signals are telling us about homebuyers and 7% mortgage rates. I havent showed this view in a while.

Inventory 448

Inventory New Listings Contracts Sellers 448

Housing Wire

DECEMBER 5, 2024

At the end of third-quarter 2024, U.S. mortgage holders held $17.2 trillion is considered “tappable,” according to data from ICE Mortgage Technology ’s November 2024 Mortgage Monitor report. trillion in equity, of which $11.2 In exchange, customers give up a share of the home’s future apprecation.

Investing 391

Investing Brokerage Technology Real Estate 391

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. The bearish take is that there are many more sellers than buyers and inventory is rising. orate further?

Sellers 508

Sellers Marketing Inventory Contracts 508

Housing Wire

MARCH 3, 2025

The 30-year fixed mortgage has followed suit, recently falling as low as 6.75%, the lowest level since mid-December. Its quite obvious that stubbornly high mortgage rates slowed down early season homebuyers in the first quarter of 2025. This is after Q4 2024 was 5% above the year prior. Thats a pretty notable swing.

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New Listings Inventory Contracts Sellers 374

Housing Wire

NOVEMBER 4, 2024

Last year was weak as mortgage rates were hitting 8%. Let’s take a look at the data as we’re already in November 2024. The unsold supply of homes on the market has now passed its peak for 2024. Mortgage rates were super high and inventory was building. Sellers could dip again next week. The market is different now.

Inventory 396

Inventory New Listings Sellers Contracts 396

Appraisal Buzz

JANUARY 27, 2025

Whilescheduled foreclosure auctions slightly increased from a two-year low in the previous quarter, the supply of properties available to purchase at foreclosure auction fell to a three-year low in Q4 of 2024. Even while sellers kept their prices the same for the quarter, that bid-ask spread shrank. in Q4 of 2023 and 54.4%

Sellers 415

Sellers Buyers Marketing Real Estate 415

Housing Wire

JANUARY 22, 2025

Single-family rental ( SFR ) homes are now priced 20% higher than the typical apartment, according to Zillow s rental market report for December 2024. High and unpredictable mortgage rates and hefty down payments are pushing some to rent that lifestyle instead of buying it. Zillow analyzed the 50 largest U.S. That figure was up 4.4%

Inventory 448

Inventory Home Value Housing Market Buyers 448

Housing Wire

FEBRUARY 4, 2024

How will mortgage rates impact seasonal inventory in 2024? It’s not what I wanted to see in 2024, but I have to be realistic since we are already in February. Also, when mortgage rates rise, the inventory peak happens later in the year. Is the seasonal bottom going to happen later than I want?

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Inventory Mortgage New Listings Housing Market 523

Housing Wire

SEPTEMBER 27, 2024

The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. While it appears that most sellers are still offering some level of compensation, 12% of agents reported they were still unsure of what the emerging trend will be. 30 and Sept.

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Sellers Buyers Agents Brokerage 511

Housing Wire

NOVEMBER 13, 2024

Nominations for HousingWire’s 2025 Tech100 Award are open now through December 16, 2024. Last year’s list of honorees included 200 companies — 100 real estate and 100 mortgage — that left a transformational impact on the industry. Click here to nominate a tech organization. Anything new to share?

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Real Estate Training Technology Design 284

Housing Wire

JANUARY 16, 2025

Across the 19 East Coast and Midwest states in which CSS operates, appraisals were higher than sale prices in 57% of transactions during the second half of 2024. That share was up from 53% in the second half of 2023 and 51% in the first half of 2024. year over year in October 2024. home prices rose by 3.6%

Appraisal 397

Appraisal Valuation Home Value Housing Market 397

Housing Wire

SEPTEMBER 9, 2024

While inventory of unsold homes in the housing market in each of the last two years headed higher during September and October due to mortgage rate spikes, we’re seeing a more normal seasonal pattern now with inventory beginning to decline. We’re also seeing more home sellers withdrawing their listings to try again next year.

Sellers 482

Sellers Inventory Contracts New Listings 482

Housing Wire

DECEMBER 11, 2024

The stagnant 2024 housing market is one the real estate industry cant wait to get away from, but not so for the niche luxury market. in the first half of 2024, and the median luxury home price jumped by 14.2%. in the first half of 2024, and the median luxury home price jumped by 14.2%. Thats compared to a 12.9%

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Housing Market Marketing Buyers Real Estate 370