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ATTOM has released its Year-End 2024 U.S. Home Sales Report , which shows that home sellers made a $122,500 profit on typical sales nationwide in 2024, generating a 53.8% housing market mostly rebounded nicely in 2024. generally reaped the highest returns on investment in 2024. The typical 2024 price was almost 2.5
Home sellers who did not list their properties on the MLS lost out on more than $1 billion in sale proceeds over the past two years, according to a study published Monday by Zillow. In 2023 and 2024, Zillow found that sellers who chose not to list on the MLS typically lost out on nearly $5,000, selling their property for 1.5%
Notably, we compared the data from 2022 and 2023 and noticed positive year-over-year data starting in October 2024, which you can see in the chart below. Active inventory typically decreases at this time of year, but in 2024 it did not drop below 1 million. For me, the highlight of 2024 was the growth in active inventory.
Timing is crucial in a difficult real estate market, and this year, the Realtor.com Best Time to Sell study indicates that the best time for sellers to discover the best balance of market circumstances is between April 13 and April 19. Reduced rivalry between sellers: This week would have 13.2% more than the average week of the year.
That’s 12% more sellers than a year ago. It seems more sellers are coming out every week and that will keep inventory pushing upward. Sellers are up, but sales are down. New listings jump The supply story in real estate must take into account the new sellers each week. Mortgage rates pushed this week close to 7.25%.
Potential home sellers notice weak demand, fewer offers and price reductions, prompting them to back away from the market. If potential sellers avoid the market, this will keep a lid on supply growth. New listings are hitting the market Last year was an environment with 5% to 10% more sellers each week than a year prior.
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%
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% Buyers & Sellers Thaw Alongside Winter Weather Additionally, for the fifteenth consecutive month, annual inventory increased, with 24.6%
According to Bright MLS chief economist Lisa Sturtevant, 2024 marked a 30-year low for pending home sales. However, with mortgage rates rising in December and pushing above 7% in January, buyers and sellers are hesitant.
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.
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.”
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%
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.,
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.
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
Distressed home sales marketplace Auction.com released a new report Monday highlighting a drastic drop in foreclosure auction property volume in the fourth quarter of 2024. The report showed that the inventory of properties available for sale at auction dropped to a three-year low in Q4 2024.
It’s great news that 2024 performed better than the 2023 housing market. Seeing more buyers and sellers able to participate is absolutely what we want to see. Let’ get into it. Skim quickly by topic or digest slowly.
New marketplace for motivated sellers That is good news for sellers like Ricardo Sims, the out-of-state landlord who sold the Montgomery properties to Richards via SmartSale. Prior to the four properties he purchased via SmartSale in 2024, all of Richards Auction.com purchases were through online bank-owned (REO) auctions.
Redfin considers four to five months of supply as balanced, with a lower number suggesting ideal sellers market conditions. Months of supply sat at a healthy four months, up 0.6 points year over year. Days on the market increased by six days year-over-year to 45 days, indicating a less competitive market.
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.
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. New listings To get a lot of homes on the market though we need some sellers. In total, it was another week with fewer home sellers that last year.
There were nearly 7% more sellers last week than the week prior. Here’s the bottom line: This spring, more sellers are trying to sell their homes. Here’s the bottom line: This spring, more sellers are trying to sell their homes. What is driving the sellers’ behavior? That means more sellers in time.
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.
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.
While Monestier, who reportedly sold her Rhode Island home in 2022 and is part of the affected class, believes sellers were paying “inflated commissions,” she feels that prior to the settlement changes going into effect, the rules governing the industry were “clear and confusion did not reign supreme.”
Seller impersonation fraud is on the rise. A study conducted by NDP Analytics found that 28% of title companies experienced at least one seller impersonation fraud attempt in 2023, and in April 2024 alone, 19% of firms experienced at least one of these attempts.
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%
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.
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. That’s up 2.4%
Nominations for HousingWire’s 2025 Tech100 Award are open now through December 16, 2024. HousingWire reached out to leaders from 2024 Tech100-winning companies Opendoor , Qualia , Lone Wolf , Lofty , and Earnnest to learn the latest updates and innovations each has launched since their last TECH100 win. Anything new to share?
at the end of 2024. ’s inventory level compared to 2024. more homes on the market than 2024. New listings move upward, but remain historically low Altos uses new real estate listings data as a key indicator of seller activity in the D.C According to the U.S. metro area, the unemployment rate was 5.3% housing market.
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. Among specialists, 32.8% elections. “A
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. By comparison, that’s five more days than in January 2024 and three more than in December 2024.
The company’s 2024 Top Agent Insights survey gathered perspectives from more than 750 real estate agents between Oct. Agents reported that 27% of first-timer buyers requested mortgage rate buydowns from sellers. Other agents reported that the NAR settlement complicated things for buyers and sellers. 30 and Nov.
We’re also seeing more home sellers withdrawing their listings to try again next year. Sellers may try the market, not find any takers and then decide not to sell. This is a bit more than a year ago but still significantly fewer sellers each week than in the pre-pandemic era. The other reason is the withdrawals.
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. Real estate investors tend to be more insulated from these dynamics, particularly from mortgage rates, as they are more likely to buy properties with cash.
-based Consumer Policy Center (CPC) warns that the common practice of percentage-based real estate commissions may be a financial disadvantage for home buyers and sellers. The report is titled How Percentage-Based Commissions Can Harm Home Buyers and Sellers and What They Can Do About It.
For the four December weeks in 2024, there were just 44,000 new pending home sales on average for single-family homes. In those times, we just had far more buyers than sellers. So lets take the opportunity to look at a slightly different view of seller volume. 4 million home sales in 2024 grows to 4.2 million in 2025.
10-year yield and mortgage rates My 2024 forecast included: A range for mortgage rates between 7.25%-5.75% A range for the 10-year yield between 4.25%-3.21% This week was relatively calm for mortgage rates as the 10-year yield continues to hold steady at a critical level, which ranges from 4.40% to 4.50%. Weekly inventory change (Nov.
Let’s take a look at the data for the end of October 2024. New listings go up This year continues to have slightly more sellers than last year but fewer than we used to get in past years. When you add it all together, there were just a 2% more new sellers hitting the market this week than a year ago.
The capital gains tax is a federal tax that is applied when the sale of a particular asset including a home, personal items, or stocks and bonds held as investments is sold for more than [a sellers] adjusted basis, referring to the initial cost of the item being sold, according to the IRS. That’s up from 1.3% in 2003 and 3% in 2019.
From a slower housing market to the industrywide business practice changes , there is no doubt that 2024 was a challenging year for real estate brokerages, but Anywhere Real Estate believes these challenges have helped to set it up for success in 2025. billion in 2024, up $56 million year over year.
According to the National Association of Realtors 2025 Home Buyers and Sellers Generational Trends report, baby boomers now comprise the largest generational group of home buyers in a shift that underscores the changing dynamics of todays housing market. Across all generations, sellers remained in their homes for a median period of 10 years.
million in the fourth quarter of 2024, which was up 12% from the $15.4 Its full year 2024 net loss totaled $62.2 The Tempe, Arizona -based Offerpad also recorded a 65% improvement in adjusted EBITDA for 2024, equating to a $53 million gain from the previous year. reported a net loss of $17.3
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