Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. The housing market is off to a good start this year, as consumers benefit from falling mortgage rates and stable home prices,” NAR chief economist Lawrence Yun said in a statement. “Job increase between 2024 and 2025 to a pace of 5.35

Contracts 482

Contracts Housing Market Construction Inventory 482

Housing Wire

DECEMBER 30, 2024

NAR’s Pending Homes Sales Index (PHSI) report is a forward-looking source that predicts home sales based on contract signings. ” In a statement, Bright MLS chief economist Lisa Sturtevant forecasted a jump in sales activity in early 2025. “Economic uncertainty does put at risk a strong first quarter housing market.

Inventory 435

Inventory Buyers Housing Market Mortgage 435

Housing Wire

DECEMBER 30, 2024

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. The homes that went under contract took 43 days to do so the slowest pace since 2019.

Inventory 488

Inventory Sellers Housing Market Contracts 488

Housing Wire

JANUARY 13, 2025

This is the trend that will be the theme for 2025. Over time, our job at HousingWire will be to help everyone understand the market and financial impact that we can measure. Lets look at this weeks housing market data: Inventory dips Total inventory dipped this week to 624,000 single-family homes on the market.

Sellers 418

Sellers Inventory New Listings Contracts 418

Housing Wire

NOVEMBER 21, 2024

Home prices firmed up in today’s existing home sales report , but we caught on to this trend two months ago with our Housing Market Tracker. We can track demand faster with our weekly pending contract prints, so it shouldn’t have been a surprise that we had some growth in today’s report. However, that didn’t happen.

Mortgage 492

Mortgage Housing Market Inventory Contracts 492

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

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. Some markets are much slower than others.

Mortgage 396

Mortgage Inventory New Listings Contracts 396

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 6, 2025

Thats not true now, so we should expect inventory to begin building for the year in February 2025. There are 27% more homes on the market now than a year ago. 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. million in 2025. Thats only 2.3%

Inventory 448

Inventory New Listings Contracts Sellers 448

Housing Wire

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. Yes, demand will slow if unemployment climbs, but it’s probably 2025 before we see the bulk of that. More home sellers enter the market There were 11% more new sellers this week than last year at this time.

Sellers 482

Sellers Marketing Inventory Contracts 482

Housing Wire

NOVEMBER 25, 2024

When we released the HousingWire 2025 forecast paper earlier this month, we discussed how we assume continued inventory growth in 2025, but at a slower pace of appreciation than we saw this year. The 2025 lines will trend higher, even closer to the old normal levels. million home sales in 2025 up from 4 million in 2024.

New Listings 397

New Listings Inventory Sellers Contracts 397

Housing Wire

JULY 23, 2024

Mortgage rates continue to move lower this week even as higher borrowing costs have kept activity subdued across many areas of the housing market. trillion in origination volume in 2025, up from a projected $1.70 in 2024 and to 6.4% Fannie also upwardly revised its forecast for purchase mortgage origination volume to $1.22

Mortgage 511

Mortgage Real Estate Agent Finance Buyers 511

Housing Wire

DECEMBER 7, 2024

We also see growth in our pending contract data compared to 2022 and 2023. Let’s get into the holiday spirit with this week’s Housing Market Tracker data! Weekly pending sales The weekly pending contract data from Altos Research offers an insightful look into real-time housing demand.

New Listings 505

New Listings Inventory Contracts Housing Market 505

Appraisal Buzz

DECEMBER 19, 2024

But this year, buyers jumped on mortgage rates that dipped in early October, bringing more contracts which closed in November.Assuming December sales are generally good, 2024 U.S. Homes with November closings generally went under contract in September and October, when shoppers benefited from an uptick in newly-listed for-sale homes.

Inventory 396

Inventory Realtors Buyers Contracts 396

Housing Wire

OCTOBER 28, 2024

All the dominant trends in the housing market this year seem like they would indicate home prices declining. 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. They’re already in contract, so they don’t add to the active inventory.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

DECEMBER 6, 2023

Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. billion was unsecured debt, with $650 million notes at 5.357% due in October 2025, which is expected to be replaced. Pennymac also informed the market this week that an arbitrator concluded the company has to pay $155.2

Contracts 435

Contracts Investing Investors Mortgage 435

Housing Wire

NOVEMBER 4, 2024

The hardest position to take in analyzing the housing market is one that is contrarian and bullish. When everyone knows that the housing market is sluggish and weak, but the data shows surprising strength. This week, we count 14% more homes in the contract pending stage now than a year ago. I think that’s the key.

Inventory 396

Inventory New Listings Sellers Contracts 396

Housing Wire

NOVEMBER 23, 2024

Weekly pending sales The Altos Research weekly pending contract data provides insights into real-time demand. Even today, the pending contract data remains resilient despite higher home prices and mortgage rates than last year. During the housing bubble crash years, this data line was running between 250,000-400,000 per week for years.

Mortgage 514

Mortgage Inventory New Listings Contracts 514

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

Appraisal Buzz

SEPTEMBER 5, 2024

However, most remain apprehensive about the near-term prospects of these sorts of reforms being enacted broadly enough to have a meaningful effect on supply and housing affordability.” Jeremy Sicklick, Co-Founder and CEO of HouseCanary , commented: “The past couple of years have seen a housing shortage nationwide.

Construction 459

Construction Inventory Housing Market Contracts 459

Housing Wire

SEPTEMBER 18, 2024

In August, housing starts rose to a seasonally adjusted annual rate of 1.356 million, up 2.9% In contract, single-family housing starts were up 15.8% There is a structural housing shortfall in the U.S. million housing units, depending on the source. month over month and up 3.9% compared to a year ago.

Marketing 488

Marketing Construction Development Housing Market 488

Housing Wire

JANUARY 19, 2024

The government sponsored enterprise is projecting that rates will drop below 6% by the end of 2024, which in turn will boost refi volumes and help thaw the existing home sales market. Following years of volatility in mortgage rates, the housing market will begin its gradual return to a more normal balance in 2024. from a 0.3%

Mortgage 541

Mortgage Contracts Construction Government 541

Housing Wire

MARCH 25, 2024

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. 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. This annualizes to only 4.3

New Listings 511

New Listings Inventory Contracts Sellers 511

Housing Wire

SEPTEMBER 3, 2024

Next year, a healthier housing market will see that number climb over 70,000 per week to maybe 80,000 sellers per week. Pending home sales stay the same There were 64,000 new contracts pending this week for single-family homes. The median price of the new contracts pending this week is $387,000. It’s that time of year.

Inventory 458

Inventory New Listings Contracts Buyers 458

Housing Wire

AUGUST 29, 2024

According to Altos Research , there are 40% more homes on the market at the end of August 2024 than there were last year at this time. 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.

Inventory 482

Inventory Real Estate Housing Market Construction 482

Housing Wire

DECEMBER 14, 2024

Additionally, our pending contracts are still reflecting double-digit year-over-year growth. Weekly pending sales The weekly pending contract data from Altos Research gives us a great peek into real-time housing demand. Lets look at this weeks Tracker data to see if this trend can continue for the rest of 2024.

Mortgage 448

Mortgage Inventory New Listings Contracts 448

Housing Wire

NOVEMBER 22, 2024

An index score above 50 indicates market expansion, while a score below 50 indicates contraction. Despite the lower sentiment score in Q3 2024, 40% of flippers are optimistic about sales and market growth going in 2025. The index score declined from 63 in the second quarter to 62 in the third quarter. ”

Investors 434

Investors Mortgage Property Taxes Inventory 434

Housing Wire

MARCH 18, 2024

Although I don’t have any capacity to predict interest rates, I do know what happens to the housing market if rates rise or fall from here. 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

AUGUST 19, 2024

We’re on the lookout for these subtle shifts in the market because that has implications for home price appreciation and for home sales volumes for the year. 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.

Inventory 444

Inventory New Listings Sellers Buyers 444

Appraisal Buzz

JULY 12, 2024

Sale prices are still at record highs and overall housing expenditures are historically high, despite the fact that mortgage rates are dropping. 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

JULY 17, 2023

housing market could have a soft landing in 2023. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. 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. There was no crash.

Real Estate 369

Real Estate Marketing Inventory Contracts 369

Appraisal Buzz

DECEMBER 11, 2024

Q: How have market conditions, such as shifts in interest rates or the overall economy, impacted the property preservation landscape this year? 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?

Inspection 396

Inspection Technology Insurance Training 396

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. Market their listings; go to their listings. economy remains hot. For comparison, lenders funded $2.4

Loan Officers 448

Loan Officers Mortgage Buyers Inventory 448

Appraisal Buzz

OCTOBER 11, 2024

That’s the lowest level in records dating back to 2012, with the exception of May 2020, when the pandemic brought the housing market to a standstill. Pending sales—a more current gauge of housing market activity that includes both existing and newly constructed homes—fell to the lowest level on record aside from April 2020.

New Listings 195

New Listings Buyers Housing Market Real Estate Agent 195

Housing Wire

JULY 19, 2023

The dour housing market over the past 18 months has thrust struggling independent mortgage lenders (IMBs) into what seems like a pot of water that is coming slowly to a boil. As the heat rises, so too does the number of lenders seeking to exit the market.

Mortgage 370

Mortgage Marketing Lending Buyers 370

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. Visit Apply Design Innovative ways to market your next open house Not all open house events are created equal!

Open Houses 448

Open Houses Real Estate Tools Agents 448

Will Springer Realtor

OCTOBER 15, 2024

Yes, there are signs of greater real estate activity in Seattle/King County since the Fed trimmed its short-term rate by a half-percent, but Americans are not swarming the market in a purchasing frenzy. Consumers considering a change of address are holding out amid forecasts for lower mortgage interest rates in 2025. The broad U.S.

Housing Market 68

Housing Market Marketing Construction Buyers 68