Housing Wire

SEPTEMBER 5, 2024

It was the 10th straight month of annualized growth and for-sale inventory is now at its highest level since May 2020. This dovetails with recent pending sales data from the National Association of Realtors. from August 2023, “indicating that the inventory of smaller and more affordable homes continues to grow in share.“

Inventory 468

Inventory Buyers Sellers Mortgage 468

Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 435

Inventory Housing Market Marketing Modernization 435

Housing Wire

DECEMBER 19, 2024

The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 The jump in sales gives the market momentum heading into 2025, which is expected to outperform 2024. million sales in 2025, a number that is close to the current rate of 4.15 million, a 4.8%

Inventory 362

Inventory Realtors Housing Market Real Estate 362

Housing Wire

DECEMBER 16, 2024

While some of those markets have since seen a reversal of fortunes, 2025 may bring a few more surprises. Thats according to a new report from the National Association of Realtors (NAR) which predicts metropolitan areas that will pop in the new year. Locked-in mortgages have been widely credited with cutting off housing inventory.

Housing Market 230

Housing Market Marketing Inventory Realtors 230

Appraisal Buzz

DECEMBER 13, 2024

The National Association of Realtors (NAR) has announced 10 top hot spots for the 2025 housing market based on economic, demographic and housing factors predicted to significantly impact local markets. All areas offer a favorable financing environmenteither with lower proportions of locked-in homeowners or lower mortgage rates.

Inventory 243

Inventory Bracketing Buyers Housing Market 243

Appraisal Buzz

DECEMBER 16, 2024

As the new year draws near, Fannie Mae anticipates that many of the housing trends from 2024 will persist in 2025, with the lock-in effect of mortgage rates and housing affordability continuing to be major obstacles for countless Americans. In 2025, economists predict that the average mortgage rate will continue to be higher than 6%.

Inventory 240

Inventory Construction Housing Market Mortgage 240

Housing Wire

NOVEMBER 21, 2024

The difference is mortgage rates: even with inventory growing at a healthy clip this year, mortgage rates just heading down toward 6% for a brief period of time resulted in higher prices in a seasonally soft period. This is something to think about for 2025. However, that didn’t happen. million in October.

Mortgage 492

Mortgage Housing Market Inventory Contracts 492

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). 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.

Contracts 482

Contracts Housing Market Construction Inventory 482

Appraisal Buzz

DECEMBER 19, 2024

The National Association of Realtors reports that existing-home sales increased in November. 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%. Three major U.S. from October to 4.15

Inventory 312

Inventory Realtors Buyers Contracts 312

Housing Wire

JUNE 27, 2024

After rising in March , pending home sales continued to slide in May, with the Pending Home Sales Index (PHSI) posting its second consecutive month of declines to reach a record low, according to data released Thursday by the National Association of Realtors (NAR). The PHSI fell 2.1% from April to a reading of 70.8 on a yearly basis.

Inventory 501

Inventory Contracts Realtors Buyers 501

Appraisal Buzz

JUNE 27, 2024

decline in pending home sales, according to the National Association of REALTORS. A continued dearth of inventory, high home prices and stable mortgage interest rates have kept would-be home buyers at bay this spring.” million in 2025. million in 2025. May saw a 2.1% Per the report, every U.S. million in 2023 to 4.26

Contracts 418

Contracts Inventory Buyers Mortgage 418

Housing Wire

FEBRUARY 7, 2024

After closing out 2023 with its first annual membership decline since 2012, the National Association of Realtors is still struggling with its membership count. January marked the third consecutive month of membership declines for NAR and the month’s Realtor count marks the lowest level since May 2021. This is down 2.1% This is down 2.1%

Realtors 448

Realtors Agents Brokerage Inventory 448

Appraisal Buzz

DECEMBER 13, 2024

The National Association of Realtors (NAR) has unveiled its 10 Top Housing Hot Spots for 2025, which uses economic, demographic and housing factors to forecast where home sales will be strongest in the coming year. In 2025, the South region leads with four of the 10 housing hot spots, followed by the Midwest with three.

Buyers 195

Buyers Realtors Inventory Finance 195

Appraisal Buzz

OCTOBER 30, 2024

The National Association of REALTORS (NAR) reports that pending home sales increased in September. Contract signings rose across all regions of the country as buyers took advantage of the combination of lower mortgage rates in late summer and more inventory choices,” said Lawrence Yun, Chief Economist for NAR. September saw a 7.4%

Contracts 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

DECEMBER 4, 2024

The past year may have been a turbulent one for HomeServices of America , but according to executive vice president Chris Kelly, this just means the company is in an even better position heading into 2025. We are not going not going to head into 2025 in a full market recovery. It makes working with our team so much better,” he said.

Legal 388

Legal Agents Real Estate Brokerage 388

Housing Wire

NOVEMBER 27, 2024

The latest signal comes from the National Association of Realtors ‘ (NAR) Pending Home Sales Index (PHSI), which shows sales in October growing 5.4% Higher mortgage rates mean that some buyers might decide to wait until 2025.” year over year and 2% compared to September. However, there are headwinds. million.

Marketing 370

Marketing Realtors Housing Market Lending 370

Inman

SEPTEMBER 30, 2024

The California Association of Realtors expects existing single-family home sales to reach more than 300K units by the end of 2025. Active inventory is due for a 10 percent boost as well.

Realtors 176

Realtors Inventory Real Estate Marketing 176

Appraisal Buzz

JUNE 28, 2024

compared with May 2023, as higher mortgage rates continued to keep homebuyers on the sidelines, according to the National Association of Realtors (NAR). The market is at an interesting point with rising inventory and lower demand,” says Lawrence Yun, chief economist for NAR, in a statement. million in 2025. million in 2025.

Inventory 195

Inventory Contracts Realtors Mortgage 195

Housing Wire

OCTOBER 2, 2024

Top Agent Network (TAN) is not backing down in its antitrust lawsuit against the National Association of Realtors (NAR). NAR is the only defendant in the newest version after the plaintiff filed a voluntary dismissal of the San Francisco Association of Realtors , which was originally named as one of the defendants.

Agents 434

Agents Realtors Sellers Brokerage 434

Housing Wire

SEPTEMBER 24, 2024

New listings have stalled as a result of rising inventory. We’ve seen a higher monthly supply of inventory there, but that has been coming down throughout the year,” Curcio said. The current market has largely normalized and is experiencing a pause for the same reasons as many other markets across the country.

Housing Market 459

Housing Market Marketing Property Taxes Inventory 459

Appraisal Buzz

SEPTEMBER 19, 2024

While supply has inched up in some parts of the country, August experienced a decline in existing-home sales, according to the National Association of REALTORS (NAR). The inventory of unsold existing homes improved by 0.7% million units made up the total housing inventory as of the end of August, up 0.7% Sales slid 4.2%

Inventory 418

Inventory Buyers Home Improvement Mortgage 418

Housing Wire

DECEMBER 3, 2020

The passage of Proposition 19 in California — which will generate wildfire relief funds while providing tax breaks for senior citizens — was a victory for the California Association of Realtors , which lobbied for its passage and put real dollars behind the effort. But CAR, which supported the measure with $35.7

Property Taxes 431

Property Taxes Realtors Law Inventory 431

Appraisal Buzz

MAY 23, 2024

Lack of inventory, high home prices and rising mortgage rates slowed existing-homes sales in April. According to the National Association of Realtors (NAR), existing-home sales fell 1.9% Despite a 9% month-over-month increase in inventory in April, home prices continued to increase: The median existing-home price jumped 5.7%

Inventory 195

Inventory Realtors Housing Market Mortgage 195

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

Agents 448

Agents Brokerage New Listings Buyers 448

Housing Wire

MAY 8, 2024

We have brought down expenses and continue to grow our agent count and inventory advantage,” Reffkin said. For example, Compass has access to off-market exclusives through Compass Private Exclusives and Coming Soon, which is particularly important in a low-inventory environment.” million to 5.6 million homes in 2026,” Reffkin said.

Agents 468

Agents Real Estate Brokerage Clients 468

Housing Wire

SEPTEMBER 21, 2023

In an elevated rate environment, the lack of inventory continues to be the biggest challenge for many potential buyers, the Mortgage Bankers Association said. Officials expect fewer cuts in 2025 with the median estimate for the benchmark rate to be at 3.9%, up from 3.4%. in 2024 and 5.1% in 2024, up from the 4.6% projected in June.

Real Estate 448

Real Estate Mortgage Buyers Inventory 448

Housing Wire

OCTOBER 30, 2024

Listing inventory remains the lifeblood of the residential real estate marketplace,” Reffkin said. “At At Compass, we already have a depth of inventory in many of our local markets that is unmatched.” One of the firm’s main goals is to realize an average of 30% market share in its top 30 markets.

Real Estate 345

Real Estate Inventory Brokerage Agents 345

Housing Wire

NOVEMBER 1, 2023

While the industry has yet to find out what Judge Stephen Bough’s injunction will say and the three defendants, the National Association of Realtors , Keller Williams and HomeServices of America , have vowed to appeal the decision, Barton believes his firm will thrive regardless the outcome.

Real Estate 482

Real Estate Advertising Agents Legal 482

Appraisal Buzz

APRIL 25, 2024

compared with March 2023, according to the National Association of Realtors (NAR). million in 2025. Inventory will grow steadily from more home construction, and various life-changing events will require people to trade up, trade down or move to another location.” in 2025 to $403,800. to $440,500 in 2025.

Inventory 195

Inventory Construction Realtors Appraisal 195

Housing Wire

DECEMBER 20, 2023

In addition to predicting mortgage rates, they based their predictions for home sales and home starts largely on mortgage rates, as several experts have stated: “The story this year and the story next year depend on two variables: mortgage rates and inventory.” by the end of the year. in the first half of next year.

Mortgage 468

Mortgage Realtors Real Estate Marketing 468

Inman

DECEMBER 12, 2024

The National Association of Realtors hosted its latest Real Estate Forecast Summit on Thursday, where five of the industry's top economists shared their predictions for mortgage rates, consumer activity, government spending and macroeconomic trends.

Government 119

Government Realtors Real Estate Mortgage 119

Housing Wire

SEPTEMBER 13, 2024

HousingWire real estate reporter Jeff Andrews sat down with Serhant to talk about the show, how it changed his life and the brokerage, and what he sees coming in the industry following the commision settlement by the National Association of Realtors (NAR). My plan is to open 10 markets between now and the end of 2025.

Brokerage 431

Brokerage Real Estate Agent Agents Real Estate 431

Housing Wire

AUGUST 3, 2023

Meanwhile, existing-home sales plummeted by 19% in June year over year after declining by 20% in May, according to the National Association of Realtors. Dietz concurs, adding that two-thirds of homebuilders say lot inventories are “low or very low.” “And Census Bureau , after jumping 20% in May.

Construction 370

Construction Development Finance Mortgage 370

Housing Wire

DECEMBER 6, 2024

“[Neighborhood Name] Market Snapshot: Q1 2025 Numbers Are In” “Price Per Square Foot: How [Your Area] Compares” “Sold in 24 Hours: What These Homes Had in Common” “Interest Rates Impact Report: What It Means for [Your City]” “New Construction vs. .

Real Estate 397

Real Estate Clients Tools Sellers 397

Housing Wire

AUGUST 16, 2023

So that indicates to us that Realtors are interested in what we have to offer and passing that on to their clients (…) We have been excited to see that increase. His prediction is that 2025 and 2026 “will be off the charts.” We’re seeing referral numbers to Rocket Homes up significantly. I know Rocket Homes has been happy to see it.

Retail 370

Retail Real Estate Agent Business Mortgage 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. Cold call buyers in your database With current low inventory rates, a new listing is a rare gem!

Open Houses 448

Open Houses Real Estate Tools Agents 448

Will Springer Realtor

OCTOBER 15, 2024

Consumers considering a change of address are holding out amid forecasts for lower mortgage interest rates in 2025. As the number of Active listings rises so too does the data point known as months of inventory. months of inventory across all home types in King and 2.3 months of inventory is for sale. We now see 2.7

Housing Market 68

Housing Market Marketing Construction Buyers 68