Housing Wire

SEPTEMBER 22, 2023

Adding to buyers’ affordability pain, median home prices rose 3.4% 17, total active listings were at 806,701, down 16.2% However, new listings have stabilized, ticking up slightly since the beginning of September. New listings are down 6.7% For the four weeks ending Sept. compared to a year ago.

New Listings 432

New Listings Inventory Buyers Mortgage 432

Housing Wire

JANUARY 26, 2024

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 in 2025 to reach $405,200. in 2025 to reach $405,200. But new listings activity grew by 9.1% million and a 15.8%

Contracts 467

Contracts Housing Market Construction Inventory 467

Appraisal Buzz

SEPTEMBER 5, 2024

With the total number of homes on the market at its greatest point since May 2020 and interest rates about to start declining, buyers will have more options this autumn. In April we noted that rising for-sale inventory was likely to lead to more balance between buyers and sellers. Gains in new listings were observed in July (8.4%).

Sellers 397

Sellers Housing Market Buyers Marketing 397

Housing Wire

DECEMBER 14, 2023

“Given inflation continues to decelerate and the Federal Reserve Board’s current expectations that they will lower the federal funds target rate next year, we likely will see a gradual thawing of the housing market in the new year,” Sam Khater, Freddie Mac’s chief economist said in a statement. One LO said he quoted an FHA borrower at 5.7%.

Mortgage 493

Mortgage New Listings Loan Officers Inventory 493

Housing Wire

NOVEMBER 25, 2024

That does not bode well for home sales in the new year. 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. more sellers than a year ago. Stay tuned.

New Listings 312

New Listings Inventory Sellers Contracts 312

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. New listings Each week this spring we’ve been tracking the new listings volume. In total, new listings data is 14% more than last year.

New Listings 484

New Listings Inventory Contracts Sellers 484

Housing Wire

JULY 31, 2024

The brokerage claimed on its second-quarter 2024 earnings call that it’s experiencing virtually no changes in commissions despite the $418 million settlement agreed to by the National Association of Realtors (NAR) following a string of lawsuits related to buyer commission rules. “It 17 saying anything around this,” Reffkin said.

Agents 363

Agents Brokerage New Listings Buyers 363

Housing Wire

NOVEMBER 11, 2024

Inventory, new listings, sales, and prices all dipped this week. The election took up a lot of peoples’ lives last week, and that obviously delayed some listing and sales activity, plus we’ve had spiking mortgage rates. I’m now looking forward to 2025 when the data comes in each week.

Housing Market 329

Housing Market Marketing Inventory New Listings 329

Housing Wire

MARCH 18, 2024

Lower rates mean more buyer competition and less unsold inventory. New listings Last week, 59,000 new single-family listings came to market. New listings volume continues to run ahead of last year and we see more sellers than last year. This is a pivotal time for measuring buyer demand.

Inventory 396

Inventory New Listings Sellers Contracts 396

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. Home prices ticked up this week.

Inventory 391

Inventory New Listings Sellers Contracts 391

Housing Wire

NOVEMBER 4, 2024

New listings rise There were just under 61,000 new listings unsold this week. Last year at this time, the market was in deep retrenchment — both buyers and sellers were walking away. Last year at this time, the market was in deep retrenchment — both buyers and sellers were walking away.

Inventory 289

Inventory New Listings Sellers Contracts 289

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. New listing numbers are low There were just 59,000 new listings unsold this week for single-family homes. There were another 10,000 new listings that immediately sold.

Inventory 343

Inventory New Listings Contracts Buyers 343

Housing Wire

JUNE 1, 2024

Remember that even though we are showing growth year over year — 2023 was the lowest levels of new listings ever recorded in history. This week, the data did dive, but it was the traditional drop we see during the Memorial Day weekend and we will have a rebound in the data line next week.

Mortgage 418

Mortgage Inventory New Listings Housing Market 418

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. Compared to 28% two years prior, 40% of the residences on the market had been listed for at least two months without receiving a contract.

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. New listings come at slow rate On the new listings side, we’ve covered the slow rate of sellers now for two full years.

Inventory 314

Inventory New Listings Sellers Buyers 314

Housing Wire

SEPTEMBER 24, 2024

Buyers] have been the ones to benefit from just the steadiness and lack of volatility.” New listings have stalled as a result of rising inventory. Curcio said that over the past three weeks, he’s taken numerous calls from buyers and sellers who are asking about mortgage rates and wanting to capitalize on the rate cut.

Housing Market 362

Housing Market Marketing Property Taxes Inventory 362

Housing Wire

MAY 8, 2024

First, more buyers are using agents in 2023 than in 2003. Second, buyer agreements are not new. We found that more than 99% of new listings in March included offers to pay the buyer’s agent. Furthermore, more than 96% of all listings included offers of 2% or more, and more than 67% are offering to pay 2.5%

Agents 372

Agents Real Estate Brokerage Clients 372

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 469

Inventory Real Estate Housing Market Construction 469

Housing Wire

DECEMBER 6, 2024

Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. By segmenting your contacts list, you should have at least three to five distinct audience segments and newsletters to send, depending on your niche.

Real Estate 308

Real Estate Clients Tools Sellers 308

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. New listings rose 1.6%

New Listings 195

New Listings Buyers Housing Market Real Estate Agent 195

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. Listing and marketing properties is a complicated process. This will help you meet the type of buyers you want to connect with.

Open Houses 369

Open Houses Real Estate Tools Agents 369

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 peak of inventory for 2023 so far was the week of the New Year — that is insane. We could see inventory from distressed sellers emerge in 2025. Of course, it could.

Real Estate 268

Real Estate Marketing Inventory Contracts 268

Housing Wire

MARCH 8, 2024

million and that funds will be only distributed to “qualifying settlement class members who submit an approved claim form,” which much be submitted by May 9, 2025. The emails and postcards also note that the settlement total is $208.5 Recipients are also given the option to “opt out” or object to the settlement. she asked. “It

Agents 388

Agents Legal Realtors Clients 388

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. The number of Active listings is another eye-opener. Hold on, there! was up 27% YoY.

Housing Market 68

Housing Market Marketing Construction Buyers 68

Will Springer Realtor

DECEMBER 10, 2024

November new listings fell by about half of the previous month’s rate while home prices saw a welcome decline. Even with mostly lower prices, affordability remains the biggest challenge for buyers as mortgage interest rates climbed toward 7%. The number of new listings tumbled 48% from October and was down 2.7%

New Listings 47

New Listings Buyers Real Estate Mortgage 47

Will Springer Realtor

FEBRUARY 13, 2024

The market is now in the process of thawing after a lengthy cool down, as buyers begin anew to seek change in their home dynamics. There is plenty of pent-up demand from prospective buyers who have watched for months from the sidelines as financing costs remained untenable. That’s a whopping 134% more than December and a solid 7.0%

New Listings 54

New Listings Buyers Inventory Lending 54

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. The 2166 single-family new listings in King are the lowest of any March since records were archived online in 1991. above the list price.

Marketing 60

Marketing Inventory Buyers Sellers 60

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. Many sellers are hesitating to put their homes on the market, therefore, the number of new listings is down year over year.

Inventory 61

Inventory Sellers Buyers Real Estate 61

Lamacchia Realty

JULY 29, 2024

This is great news for homeowners and sellers, but not particularly helpful for buyers, as mortgage rates hovering in the high 6%-low 7% range can make a monthly mortgage payment challenging. This is good news for buyers as it indicates higher supply. Single family average prices are up 9.6% to $697,015.

Sellers 65

Sellers Buyers Real Estate Contracts 65

Lamacchia Realty

JULY 29, 2024

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

Sellers 57

Sellers Real Estate Buyers Contracts 57

Lamacchia Realty

JULY 29, 2024

With more listings available (see Homes Listed section below), buyers have had better selection, leading to stronger sales compared to this time last year. Prices in New Hampshire have been rising for years, with a Covid-era spike due to high demand. Number of Homes Sold Increased by 2.5% higher sales.

Sellers 51

Sellers Buyers Contracts Real Estate 51

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 60

Sellers Real Estate Buyers Contracts 60

Lamacchia Realty

JULY 29, 2024

It’s expected with tight inventory that prices will increase due to buyer competition with bidding wars. That said, for most residential real estate in the region, sellers are well advised to list their homes competitively due to unprecedented affordability challenges for buyers. Prices Increase 13.1%

Sellers 56

Sellers Buyers Insurance Inventory 56

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% While there were 5.8% against the previous month.

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

AUGUST 13, 2024

For now, potential home buyers and sellers are mostly in a wait-and-see mode. The county has more homes for sale (4440) than any month since September 2022 (4616), presenting great options amid less competition for determined buyers today and improved leverage in negotiations with sellers. Will a cut make a difference to buyers?

Buyers 51

Buyers Investors Sellers Inventory 51

Will Springer Realtor

MAY 14, 2024

We are seeing more homes for sale in submarkets – except for Mercer Island and Woodinville, where active listings are down 30%+ – compared with a year ago. The favorable boost in supply is the result of fewer buyers and sellers compared with most spring seasons. A typical home in the county fetches a median price of $875,000, up 2.9%

Marketing 36

Marketing Inventory Buyers Sellers 36

Will Springer Realtor

NOVEMBER 14, 2023

Beyond labor strife, America’s home buyers and sellers appear to be on strike as well. October figures from the Northwest Multiple Listing Service strongly suggest prospective buyers and sellers are taking a wait-and-see approach. New listings in King were off 26% month-to-month (1583) and Active listings were down 9.4% (2296).

Inventory 36

Inventory Buyers Sellers New Listings 36