Housing Wire

JANUARY 27, 2025

Home negotiations technology platform Indigo just received a large investment to expand its operations in 2025. Indigo is a search platform that allows buyers to bid on agent-approved listings. The Home Checkout feature validates buyer offers before the transaction continues.

Real Estate 366

Real Estate Real Estate Agent Agents Brokerage 366

Housing Wire

MARCH 4, 2025

March figures to be a crucial month for gauging consumer interest in the 2025 housing market. The takeaway from the pending sales numbers is that it takes roughly 35 days on average for sales to close, so homes in contract now will generally close in March, Simonsen wrote. First-time buyers dont have that problem.

Mortgage 472

Mortgage Contracts Buyers Housing Market 472

Appraisal Buzz

OCTOBER 30, 2024

increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, The amount of contract activity in 2001 is represented by an index of 100. Year-over-year, contract signings grew in the Northeast and West and were unchanged in the Midwest and South. September saw a 7.4%

Contracts 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

JANUARY 30, 2025

Compared to a month prior, contract signings fell 5.5% An index reading of 100 is equal to the level of contract signings in 2001. After four straight months of gains in contract signings, one step back is not welcome news, but it is not entirely surprising, Lawrence Yun, NARs chief economist, said in a statement. in the West.

Contracts 424

Contracts Housing Market Buyers Realtors 424

Housing Wire

DECEMBER 30, 2024

More inventory should be a sign of the market’s return to normalcy, according to Mohtashami, as the market enters 2025 with 27% more inventory compared to early 2024. The homes that went under contract took 43 days to do so the slowest pace since 2019. ” According to the report, 54.5%

Inventory 488

Inventory Sellers Housing Market Contracts 488

Housing Wire

MARCH 5, 2025

from one week earlier on a seasonally adjusted basis as buyers pounced on lower rates , according to data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending Feb. Mortgage applications increased 20.4% On an unadjusted basis, applications increased 22% compared with the previous week.

Mortgage 505

Mortgage Government Contracts Buyers 505

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 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

MARCH 3, 2025

Its quite obvious that stubbornly high mortgage rates slowed down early season homebuyers in the first quarter of 2025. But we didnt really see any change in the buyer demand metrics until rates got closer to 6%. There are 324,000 single-family homes in contract to sell right now. Thats a pretty notable swing.

New Listings 369

New Listings Inventory Contracts Sellers 369

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 397

Mortgage Inventory New Listings Contracts 397

Housing Wire

FEBRUARY 3, 2025

Lets take a look at the data for the final week of January 2025. At this time, of year theres new inventory and new buyers are shopping. In recent weeks, we can see that those buyers are waiting. Home prices contract The median price for home sales contracts entered this week was at $389,700. is basically zero.

Sellers 400

Sellers Inventory New Listings Contracts 400

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 393

Inventory New Listings Sellers Contracts 393

Appraisal Buzz

FEBRUARY 13, 2025

of homes that went under contract last month. Economic uncertainty: With tariffs, reductions in the federal workforce, return to office mandates, and mortgage rate uncertainty, a lot is up in the air for a lot of Americans right now, and Redfin agents report this is giving buyers (and sellers) cold feet. Thats up from 13.4%

Inventory 397

Inventory New Listings Sellers Real Estate Agent 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 475

Inventory New Listings Sellers Contracts 475

Housing Wire

JANUARY 23, 2025

Open house postcards Open house postcard from Wise Pelican Open house postcard from Agents Assemble on Etsy Open house postcard from Agents Assemble on Etsy Open house postcards are a valuable tool in the real estate agent’s arsenal, designed to draw prospective buyers and sellers to your property listings.

Real Estate 305

Real Estate Open Houses Real Estate Agent Design 305

Housing Wire

FEBRUARY 25, 2025

The index includes sales of properties that went under contract in October, so it doesn’t quite capture what’s currently happening in the housing market. “It is expected that we will see slower price growth in early 2025 as inventory increases and affordability continues to be a constraint.”

Housing Market 360

Housing Market New Listings Inventory Sellers 360

Housing Wire

MARCH 10, 2025

Are there any signs of sales growing for 2025? See the purple line for 2025 keeps coming in just below 2024. This year, if current trends hold, we could already be past that point in 2025. That is, theyre no longer listed for sale and theyre not in contract. in 2025 over the previous year. Something to watch.

Inventory 374

Inventory New Listings Housing Market Sellers 374

Appraisal Buzz

JANUARY 30, 2025

The shift in seller activity could mark a turning point in the high mortgage rate-induced standoff between buyers and sellers, saidDanielle Hale, Chief Economist at Realtor.com. By the end of the year, that percentage is predicted to drop to 75%, according to the 2025 Realtor.com Housing Forecast. 10.7% -0.7% pp Northeast 7.8%

Sellers 332

Sellers Inventory New Listings Contracts 332

Appraisal Buzz

JANUARY 31, 2025

Prospective buyers have been cautious because theyve seen homes sitting on the market and theyve heard interest rates and prices may drop. When the market isnt competitive, some buyers think they should wait for costs to go down, said Jordan Hammond, a Redfin Premier agent in Raleigh, NC. The market had 5.2 year-over-year.

New Listings 390

New Listings Sellers Buyers Mortgage 390

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

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

FEBRUARY 26, 2025

Increasing for-sale inventory in some markets has provided prospective buyers more options as we approach the spring homebuying season. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances decreased to 7.00% from 7.03%. Mortgage applications decreased by 1.2%

Mortgage 207

Mortgage Contracts Inventory Buyers 207

Housing Wire

JANUARY 22, 2025

from 2023, and the brokerage said that similar growth is expected in 2025. Redfin senior economist Sheharyar Bokhari believes that prices will continue to rise in 2025, an opinion shared by many industry observers. Recent data from Altos Research found that buyer activity ramped down as mortgage rates reached 7%. in November.

Contracts 395

Contracts Buyers Brokerage Inventory 395

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 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

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

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

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

Appraisal Buzz

FEBRUARY 5, 2025

This article originally appeared in the February 2025 edition of MortgagePoint magazine, online now. The mortgage industry has experienced significant contraction over the past two years, adjusting operations to align with the reduced demand for refinance and purchase financing. by the end of 2025, and 3.1% by the end of 2026.

Marketing 221

Marketing Loan Officers Training Technology 221

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

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

Investing 434

Investing Contracts Investors Mortgage 434

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

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 454

Inventory New Listings Contracts Buyers 454

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