Housing Wire

JANUARY 6, 2025

In those times, we just had far more buyers than sellers. Thats not true now, so we should expect inventory to begin building for the year in February 2025. The total number of unsold homes on the market to start 2025 is just 18% fewer than at the start of 2018, seven years ago. Buyer competition led to all kinds of craziness.

Inventory 448

Inventory New Listings Contracts Sellers 448

Appraisal Buzz

DECEMBER 30, 2024

Year-over-year, contract signings increased in all four U.S. Despite higher mortgage rates in November and persistent affordability challengers, buyers took advantage of more inventory as pending home sales reached the highest level in nearly two years, said First American Deputy Chief Economist Odeta Kushi. in November.

Contracts 435

Contracts Inventory Buyers Sellers 435

Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. In May, new property listings exceeded sales, allowing buyer competition and price rise to slow—and more price relief is expected. However, buyers aren’t matching sellers’ enthusiasm; sales in May were 6% lower than last year.

Sellers 397

Sellers Buyers New Listings Home Value 397

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. increase between 2024 and 2025 to a pace of 5.35 increase between 2024 and 2025 to a pace of 5.35 in November.

Contracts 482

Contracts Housing Market Construction Inventory 482

Housing Wire

JANUARY 4, 2025

Our weekly pending contract data has shown year-over-year growth for some time now, even with elevated mortgage rates. Weekly pending sales The latest weekly pending contract data from Altos Research offers critical insights into real-time trends in housing demand. Has the spring home-buying season already begun?

New Listings 508

New Listings Inventory Contracts Mortgage 508

Appraisal Buzz

JUNE 27, 2024

Indicator of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) dropped to 70.8 The level of contract activity in 2001 is represented by an index of 100. A continued dearth of inventory, high home prices and stable mortgage interest rates have kept would-be home buyers at bay this spring.”

Contracts 418

Contracts Inventory Buyers Mortgage 418

Housing Wire

JANUARY 20, 2025

New contracts for home purchases are coming in very low this month. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. When will that be?

Mortgage 396

Mortgage Inventory New Listings Contracts 396

Housing Wire

DECEMBER 28, 2024

During the first few years of COVID-19 recovery, there was an unhealthy imbalance, with too many buyers competing for too few homes. Now, as we look ahead to 2025, the market is in a much better position if mortgage rates fall toward 6%, something that wasnt the case before.

Inventory 514

Inventory Housing Market Marketing New Listings 514

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 396

Inventory Realtors Buyers Contracts 396

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

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

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 Real Estate Brokerage 448

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

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

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 458

Inventory New Listings Contracts Buyers 458

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

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

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

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

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

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 444

Inventory New Listings Sellers Buyers 444

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

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

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

JANUARY 9, 2025

He also shared his advice for new agents and his take on whether or not social media is still worth the effort in 2025. “For example, if you want military buyers, you want VA home loan buyers, make content specifically for them. Coffee & Contracts makes it easy. Does social media still work in 2025?

Agents 370

Agents Real Estate Real Estate Agent Contracts 370

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

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 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

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

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 396

Inspection Technology Insurance Training 396

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