Housing Wire

NOVEMBER 25, 2024

We saw two signals that buyers are backing off in the face of mortgage rates. We measured a small acceleration of price cuts, which may have happened when buyers and sellers got disappointed by the cost of money after the election. The 2025 lines will trend higher, even closer to the old normal levels. We’re forecasting 4.2

New Listings 397

New Listings Inventory Sellers Contracts 397

Housing Wire

JUNE 27, 2024

An index of 100 is equal to the level of contract activity in 2001. Pending sales are a forward-looking indicator of home sales based on contract signings, so two consecutive months of declining pending home sales suggest a negative outlook for sales activity,” Odeta Kushi , First American’ s deputy chief economist, said in a statement.

Inventory 501

Inventory Contracts Realtors Buyers 501

Housing Wire

DECEMBER 19, 2023

Rates are falling now and if that continues, buyers will jump and inventory will fall well into the first quarter of 2024. Yes, demand will slow if unemployment climbs, but it’s probably 2025 before we see the bulk of that. As of now, there are no signs of increased sellers growing out of balance with the number of buyers.

Sellers 482

Sellers Marketing Inventory Contracts 482

Housing Wire

JULY 23, 2024

trillion in origination volume in 2025, up from a projected $1.70 The survey of 1,180 real estate agents across six Mid-Atlantic states and the District of Columbia found that 14% of sellers in June saw a contract fall through due to a buyer’s inability to secure financing, which was up from 11% in May. in 2024 and to 6.4%

Mortgage 511

Mortgage Real Estate Agent Finance Buyers 511

Appraisal Buzz

DECEMBER 19, 2024

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%. has been a difficult market for would-be home buyers. Buyers should still expect to encounter a competitive market in the year ahead.

Inventory 312

Inventory Realtors Buyers Contracts 312

Housing Wire

OCTOBER 1, 2024

While it’s unclear exactly how home buyers and sellers are reacting to the situation, a startup tech company called Rayse is “pushing back on the settlement” with a new communication platform that allows prospective buyers to track what their agents are doing in real time.

Agents 448

Agents Real Estate Agent Brokerage Real Estate 448

Housing Wire

DECEMBER 6, 2023

Proceeds from the offering will be used to repay a portion of the Company’s secured term notes due 2025 and for other general corporate purposes,” Pennymac said in an 8-K filing with the Securities and Exchange Commission (SEC). million to Black Knight in damages related to a breach of contract claim. For example, Freedom raised $1.3

Contracts 435

Contracts Investing Investors Mortgage 435

Housing Wire

NOVEMBER 4, 2024

This week, we count 14% more homes in the contract pending stage now than a year ago. Last year at this time, the market was in deep retrenchment — both buyers and sellers were walking away. We counted 63,000 new contracts started for single-family homes this week. This week, both sellers and buyers both accelerated.

Inventory 396

Inventory New Listings Sellers Contracts 396

Housing Wire

NOVEMBER 27, 2024

With the growth in for-sale inventory and signs that the economy remains strong, buyers have remained in the market even though rates have increased recently. The MBA reported that the average contract interest rate for 30-year fixed-rate loans with conforming balances ($766,550 or less) dropped by 4 bps during the week to 6.86%.

Mortgage 370

Mortgage Contracts Government Inventory 370

Housing Wire

SEPTEMBER 3, 2024

But while falling interest rates are putting a floor on demand, there’s still no sign of any rush of buyers. We haven’t seen any uptick in buyer urgency, as measured by immediate sales. Pending home sales stay the same There were 64,000 new contracts pending this week for single-family homes. 76,000 total sales this week is 2.5%

Inventory 457

Inventory New Listings Contracts Buyers 457

Housing Wire

MARCH 25, 2024

So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. We can measure home sales in real time by tracking all the homes that moved to contract pending status this week. There were another 15,000 condos into contract.

New Listings 511

New Listings Inventory Contracts Sellers 511

Housing Wire

DECEMBER 4, 2024

The recent strength in purchase activity continues, supported by lower rates and higher inventory levels, which are giving prospective buyers more options compared to earlier in the year,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. In 2025, jumbo loans will increase to a minimum size of $806,501 — a 5.2%

Mortgage 397

Mortgage Inventory Government Contracts 397

Housing Wire

OCTOBER 28, 2024

With just a few local market exceptions, home prices nationally will finish the year up again and will go into 2025 with some upward momentum. The median price of the homes that went into contract this week — these are the new purchase offers with contracts pending — is now 6% greater than last year.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

NOVEMBER 11, 2024

I’m now looking forward to 2025 when the data comes in each week. We’ll release the HousingWire 2025 Forecast paper in the next week or so where we’ll lay out our expectations, scenarios, and data to track for the real estate market in the coming year. More sellers and greater inventory is a trend for 2025.

Housing Market 397

Housing Market Marketing Inventory New Listings 397

Inman

NOVEMBER 19, 2024

Cara Ameer and Nicole Solari share the 25 terms that are crucial for new agents to explain to buyers and sellers without the benefit of crib notes.

Contracts 158

Contracts Agents Sellers Buyers 158

Appraisal Buzz

SEPTEMBER 5, 2024

Gauging a Cyclical Housing Market While affordability issues still plague many prospective home buyers, impacted by a phenomenon called the “lock-in effect,” where mortgage rates are prompting many to stay put instead of selling and buying another home at a higher rate. elementor – v3.23.0 – 05-08-2024 */.elementor-widget-text-editor.elementor-drop-cap-view-stacked.elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-fram

Construction 459

Construction Inventory Housing Market Contracts 459

Appraisal Buzz

JULY 12, 2024

According to new Redfin research , a buyer on a $3,000 monthly budget may purchase a $447,750 house with a 6.85% mortgage rate, which is the daily average as of July 11. Now is a good time–at least compared to the recent past–for serious house hunters to get under contract on a home,” said Daryl Fairweather, Chief Economist at Redfin.

Contracts 370

Contracts Inventory Buyers Sellers 370

Housing Wire

AUGUST 19, 2024

There’s nothing in the data that says 2024 is going to accelerate, so the most optimistic scenario we’re watching for is stability and maybe poised for a sales recovery in 2025. Home sales down a teeny bit There are 366,000 single-family homes under contract. Is there a threshold that motivates buyers?

Inventory 435

Inventory New Listings Sellers Buyers 435

Housing Wire

MARCH 18, 2024

Lower rates mean more buyer competition and less unsold inventory. This is a pivotal time for measuring buyer demand. The question now is: will we surpass that all-time high this year or will it get delayed until 2025? Pending sales This week saw 66,000 new contracts for single-family homes started.

Inventory 468

Inventory New Listings Sellers Contracts 468

Housing Wire

DECEMBER 5, 2024

A post shared by The Agency (@theagencyre) Actionable Insights High-quality visuals can elevate your brand and attract more clients Showcase aspirational properties to capture the attention of luxury buyers 2. If youre looking to grow your business in 2025, give her a follow. Visit Coffee & Contracts 15.

Real Estate 397

Real Estate Agents Real Estate Agent Luxury Properties 397

Housing Wire

MARCH 5, 2024

Rather, their priorities are buyer education and the nurturing and building of more referral relationships to expand their market share, loan originators who spoke to HousingWire said. Many of his buyers are still waiting for rates to come down before seeking preapproval for a mortgage. Market their listings; go to their listings.

Loan Officers 448

Loan Officers Mortgage Buyers Inventory 448

Housing Wire

JULY 17, 2023

But since January, home buyers have defied all expectations. Sellers have not materialized, and buyers have been buying everything that becomes available. The median price of the homes in contract is higher than last year and the new sales each week are up a few percent over last year. I grew pretty bearish again. is $450,000.

Real Estate 369

Real Estate Marketing Inventory Contracts 369

Housing Wire

AUGUST 29, 2024

That means currently just over 700,000 single-family homes are unsold, with about 10% of those going into contract each week, and another 75,000 new listings. Buyers have more selection, with less upward price pressure , in an affordability-challenged market. Inventory is climbing but it’s still pretty restricted.

Inventory 482

Inventory Real Estate Housing Market Construction 482

Housing Wire

NOVEMBER 26, 2024

If an uptick in housing inventory and more favorable interest rates materialize in 2025, you’ll still need to find creative ways to generate buzz for your listings and expand your client network. This will help you meet the type of buyers you want to connect with. We love Coffee & Contracts for social media marketing.

Open Houses 448

Open Houses Real Estate Tools Agents 448

GoForrmz

DECEMBER 5, 2024

How tech solutions are transforming the 2025 real estate landscape The real estate industry is evolving rapidly, and with 2025 on the horizon, the technological advancements, and general market, show no signs of slowing down. Traditional methods are not only time-consuming but also prone to errors.

Real Estate 78

Real Estate Property Management Tools Clients 78

Housing Wire

NOVEMBER 1, 2023

I have four more that I’m in negotiations on representing buyers, and in some cases, buyers who might be interested in multiple transactions, and I think I’ll know the results of those [talks] in the next couple of weeks.” We could be down to 60,000 to 70,000 originators by 2025.”

Mortgage 468

Mortgage Loan Officers Finance Buyers 468

Appraisal Buzz

DECEMBER 11, 2024

What changes do you anticipate in 2025? Fannie Mae is not anticipating a substantial shift in the property preservation landscape in 2025. What changes do you anticipate in 2025? What changes do you anticipate in 2025? What changes do you anticipate in 2025? However, the current challenges will likely continue.

Inspection 311

Inspection Technology Insurance Training 311

Housing Wire

JULY 19, 2023

It [publicity] helps the advisors, and it helps the [loan-officer] recruiters, but it doesn’t exactly help the buyer and seller trying to get settled in a transition of the assets of the company.” Hale added that at this time, “buyers have the upper hand.” “I “Normally you’re trying to keep it out [of the public eye],” he explained. “It

Mortgage 370

Mortgage Marketing Lending Buyers 370

Appraisal Buzz

OCTOBER 11, 2024

But buyers have been reluctant to respond. Higher home prices mean buyers have to come up with larger down payments. Cendejas is seeing renewed buyer interest now that it’s September, but said a lot of house hunters still want to see rates in the 5% range before they jump into the market. There’s no sense of urgency.

New Listings 195

New Listings Buyers Housing Market Real Estate Agent 195

Appraisal Today

NOVEMBER 1, 2024

Conversely, in high-end homes, buyers expect the latest designs, features and finishes; and therefore, an outdated kitchen may be considered as functional obsolescence. When business picks up, hopefully in early 2025, you need to start thinking about which AMCs you want to work for. Early 2025 Appraiser training starts.

Appraisal 84

Appraisal Training Contracts Mortgage 84

Lamacchia Realty

JULY 29, 2024

Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Maine along with the number of homes listed for sale and placed under contract. Although Lamacchia has been assisting buyers and sellers in Maine for years , this is our first mid-year report for Maine.

Sellers 64

Sellers Real Estate Buyers Contracts 64

Lamacchia Realty

JULY 29, 2024

Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Massachusetts along with the number of homes listed for sale, placed under contract, and price adjustments. This is good news for buyers as it indicates higher supply. Number of Homes Sold Decreased by 1.7% to $697,015.

Sellers 69

Sellers Buyers Real Estate Contracts 69

Lamacchia Realty

JULY 29, 2024

With a slight increase in listings (see Homes Listed section below), buyers have had a few more options this year, but not enough to surpass sales when compared to this time last year. Pending Home Sales (contracts accepted) The number of homes placed under contract declined slightly by 0.9%

Inventory 65

Inventory Sellers Buyers Real Estate 65

Appraisal Today

SEPTEMBER 27, 2024

This class is required before this new UAD material can be taught to other appraisers, under contract with the GSEs. Training for this new process for appraisers should begin occurring in 2025, Quarters 2.5-3.5. won’t begin with limited lenders until 2025 Q3, so training early in the year may not be productive.

Property Appraisal 69

Property Appraisal Appraisal Training Contracts 69

Will Springer Realtor

APRIL 9, 2024

That was highlighted by a 30% month-to-month gain in total home sales (single-family, townhome and condos combined) across the county in March and unseasonably low supply for buyers. Mortgage rates continue to be the focus of both sellers and buyers, waiting for something to give. since February and 9.8%

Marketing 62

Marketing Inventory Buyers Sellers 62

Appraisal Today

JANUARY 26, 2024

I always tell buyers to buy when no one else is buying. Current listings and especially homes in contract show current market conditions. The problem with listings and homes in contract is that they are not closed sales. The industry group expects rates will fall below the 6% threshold in the first quarter of 2025.

Appraisal 86

Appraisal Contracts Mortgage Inspection 86

Will Springer Realtor

OCTOBER 15, 2024

Now that the Federal Reserve has cut interest rates, home buyers should swarm the market with low-interest mortgages …. Consumers considering a change of address are holding out amid forecasts for lower mortgage interest rates in 2025. Meantime, the number of contract listings – known as Pending sales – rose 6.1% Hold on, there!

Housing Market 68

Housing Market Marketing Construction Buyers 68