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Median home prices, new listings move higher in Florida

Housing Wire

The housing market in the state of Florida saw higher median home prices, more real estate listings and a higher number of active listings during the month of January, according to data released Thursday by Florida Realtors , a state-based trade organization for real estate professionals. from the same time last year. .

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Mortgage rates poised to drop to 5.5% in 2024: Bloomberg

Housing Wire

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. million existing homes were sold, according to the National Association of Realtors.

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The health of this housing market: Comparing 2024 data to 2011

Housing Wire

But while home sales are trending at the lowest levels ever when adjusting to the workforce, we have some very positive housing data lines in 2024 compared to the stressed housing markets of past years. In 2024, that number has plummeted to 1.8% , the lowest level ever. Chart below represents Q1 2024 data. Why choose 2011?

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Indiana’s housing market is primed to bounce back in 2024

Housing Wire

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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Existing-home sales have nowhere to go but up in 2024? 

Housing Wire

million, according to the N ational Association of Realtors. At the same time, existing inventory has likely already bottomed out and new listings are keeping steady despite normal seasonal declines. Together, the two may suggest that there really is nowhere to go but up in 2024,” she said. “In

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Pending home sales surged in December: NAR

Housing Wire

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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Best real estate apps for agents in 2024

Housing Wire

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. When you buy through our links, we may earn a commission.