Housing Wire

DECEMBER 12, 2024

Institutional sellers at distressed property auctions have gradually lowered pricing over the last six months as rising retail inventory and stubbornly high mortgage rates act as twin headwinds for buyers purchasing at these auctions. 26, 2025 and hear Daren Blomquist in person.

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Housing Market Retail Marketing Sellers 366

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. Of my initial expectations this year — rising inventory, rising sales rates, rising prices — only rising inventory remains clear at this moment as we finish Q1 with rising interest rates. As we started 2024, the signals in the U.S.

Inventory 468

Inventory New Listings Sellers Contracts 468

Housing Wire

OCTOBER 21, 2024

As 2025 approaches, the U.S. Despite Fed cuts, mortgage rates remain stubborn One of the most glaring contradictions as we head into 2025 is the persistence of high mortgage rates despite efforts by the Federal Reserve to cut interest rates in late 2024. Some sellers are also reconsidering their choices.

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Real Estate Marketing Insurance Property Taxes 493

Housing Wire

APRIL 11, 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?

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Inventory Housing Market Marketing Modernization 514

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. The widely anticipated Fed rate cut has already ushered in lower mortgage rates, but it seems that some buyers and sellers are waiting for additional declines,“ Realtor.com chief economist Danielle Hale said in a statement.

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Inventory Buyers Sellers Mortgage 468

Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. Inventory, New Listings and Pending Sales Overview New listings increased by 7.9% Inventory (the number of listings active at any time during the month) in May increased by 7.4% Inventory levels are 33.8%

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Sellers Buyers New Listings Home Value 397

Housing Wire

DECEMBER 20, 2024

Despite 2025 housing market predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. HW: What housing trends do you think will continue in 2025 and why? JL: Housing inventory has been climbing in recent months.

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Real Estate Housing Market Marketing Realtors 230

Appraisal Buzz

SEPTEMBER 5, 2024

Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% In April we noted that rising for-sale inventory was likely to lead to more balance between buyers and sellers. This suggests that the proportion of smaller, more affordable homes in the inventory is still increasing.

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Sellers Housing Market Buyers Marketing 397

Housing Wire

NOVEMBER 25, 2024

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. Inventory also declined for the week but less than expected. Inventory has been compressing since last year, but it expanded this week. As rates climb, inventory climbs.

New Listings 397

New Listings Inventory Sellers Contracts 397

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

NOVEMBER 15, 2024

Rocket Companies ’ third-quarter earnings call offered a glimpse into a key element of its 2025 strategy for Rocket Mortgage — driving profits through ridiculously high recapture rates and an expanding servicing portfolio. Here’s HousingWire’s early look at Rocket Mortgage’s 2025 recapture play strategy.

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Mortgage Clients Inventory Business 370

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. This can lead to increased home sales and market activity in the area, as lower rates reduce the financial burden of purchasing a home.

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Inventory Bracketing Buyers Housing Market 243

Housing Wire

OCTOBER 28, 2024

We track inventory and home sales very closely, so the biggest surprise this year has been the resiliency of home prices. 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. Our model had expected inventory to climb just a bit this week.

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Inventory New Listings Sellers Contracts 476

Housing Wire

NOVEMBER 23, 2024

Weekly housing inventory data Last week saw another slight decline in active listing and soon, the holidays will kick in. The seasonal decline is well underway, and it looks like the 739,434 level will be the peak of inventory for 2024. Weekly inventory change (Nov. Weekly inventory change (Nov.

Mortgage 514

Mortgage Inventory New Listings Contracts 514

Housing Wire

NOVEMBER 11, 2024

Inventory, new listings, sales, and prices all dipped this week. Given the confluence of trends right now, I do expect inventory and new listings to rebound again before the end of the month. I’m now looking forward to 2025 when the data comes in each week. Inventory growing Rising interest rates create rising inventory.

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Housing Market Marketing Inventory New Listings 397

Housing Wire

NOVEMBER 4, 2024

Inventory is past peak for the year, so the momentum looks to keep the trends in a positive direction for now. Inventory drops again There are 736,000 single-family homes unsold on the market in the U.S. The inventory peak came a month earlier than in 2023. Mortgage rates were super high and inventory was building.

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Inventory New Listings Sellers Contracts 396

Housing Wire

JUNE 13, 2024

For 2025, projections went from 3.9% “Mortgage rate trends aren’t likely to bust the mortgage rate inventory lock-in effect until at least the end of the year, and possibly well into 2025, as the Fed holds fast on fighting inflation,” Realtor.com senior economist Ralph McLaughlin said in a statement.

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Inventory Mortgage Sellers Housing Market 468

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. Now it’s on the rise.

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New Listings Inventory Contracts Sellers 511

Housing Wire

SEPTEMBER 3, 2024

This week the available inventory of homes for sale inched down across the country. But it is indicative that we’re roughly at the peak of inventory for the summer. We may have a few more weeks of inventory gains, but the long stretch where inventory has been growing compared to a year ago is now over.

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Inventory New Listings Contracts Buyers 457

Housing Wire

JUNE 1, 2024

Weekly housing inventory data The best story about housing in 2024 has been that we are finally growing inventory and getting off these savagely unhealthy low levels of active listings. Even though we didn’t hit my goal this week of inventory growth between 11,000 – 17,000, it was still a decent week at 10,374.

Mortgage 520

Mortgage Inventory New Listings Housing Market 520

Appraisal Buzz

OCTOBER 30, 2024

Jones explained that pending home sales, also known as contract signings, measure the first official stage of a home sale transaction—when a buyer and seller have reached an agreement on terms and price. Further gains are expected if the economy continues to add jobs, inventory levels grow, and mortgage rates hold steady.”

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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.

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Legal Agents Real Estate Brokerage 388

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%. million units in total housing inventory, which was 2.9% At the current sales pace, unsold inventory is at a 3.8-month

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Inventory Realtors Buyers Contracts 312

Housing Wire

SEPTEMBER 24, 2024

New listings have stalled as a result of rising inventory. The anticipation of lower mortgage rates has frozen many buyers who think they can get a better deal if they wait a few months, not to mention sellers who are loath to give up mortgages in the 3% range. Property taxes are another factor that is slowing things down.

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Housing Market Marketing Property Taxes Inventory 459

Housing Wire

OCTOBER 2, 2024

While most home sellers prefer to market through the MLS — which generally puts a listing before the most eyeballs the fastest — at any given time a significant percentage of consumers prefer not to do so,” the amended complaint states. A trial is slated for November 2025.

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Agents Realtors Sellers Brokerage 434

Housing Wire

DECEMBER 14, 2023

Powell on Wednesday announced that the Fed anticipates making three 25 basis point rate cuts in 2024 and four in 2025, which should help bring mortgage rates further down in 2024. This harms inventory as homeowners are reluctant to let go of their low mortgages.

Mortgage 501

Mortgage New Listings Loan Officers Inventory 501

Appraisal Buzz

SEPTEMBER 19, 2024

The inventory of unsold existing homes improved by 0.7% Buyers thinking through the decision can take advantage of affordability calculators to see how their purchasing power has changed, and weigh the pros and cons of shopping in a seasonal slow period or preparing to compete in what could be a busier spring season in 2025.”

Inventory 418

Inventory Buyers Home Improvement Mortgage 418

Housing Wire

JANUARY 18, 2024

“It will also allow us to achieve our goal of supplying 10,000 homes outside of Japan by fiscal year 2025, ahead of our initial expectations.” faces house inventory challenges. ” Sekisui claims it has delivered over 2.62 The transaction comes when the U.S. That’s a 1.2% ” Regarding the U.S.

New Listings 459

New Listings Housing Market Inventory Sellers 459

Appraisal Buzz

SEPTEMBER 5, 2024

Many of those sellers will list if rates get back down to 5%.” s latest August Market Pulse Report found that the nation’s housing inventory remains low from a historical perspective, however, is now at the highest level reported since Covid. Notably, total inventory is up 28.7% 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.eleme

Construction 459

Construction Inventory Housing Market Contracts 459

Housing Wire

DECEMBER 13, 2023

in 2025, indicating four more 25 bps cuts. While mortgage rates are expected to decrease, high home prices combined with low inventory still pose a challenge for potential homebuyers. “We Instead, fresh economic projections from central bank officials showed rates would be slashed to a median 4.6%

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Inventory Housing Market Mortgage Law 488

Appraisal Buzz

JULY 16, 2024

Sellers are increasingly cutting prices to entice buyers struggling with affordability,” said Dr. Skylar Olsen, Chief Economist for Zillow. While inventory levels are still about 33% below pre-pandemic averages, that’s the smallest deficit since the fall of 2020, when the pool of available homes was quickly dropping.

Home Value 397

Home Value Inventory Buyers Sellers 397

Housing Wire

FEBRUARY 9, 2022

It’s simple: inventory levels were at all-time lows in 2021 and they just got worse in 2022, don’t make it any more complicated than that. Now we’re in years 2020-2024 and not only has inventory dropped to all-time lows, but we’re also dealing with the most significant housing demographic patch ever recorded in U.S.

Inventory 370

Inventory Buyers Investors Sellers 370

Housing Wire

FEBRUARY 9, 2022

It’s simple: inventory levels were at all-time lows in 2021 and they just got worse in 2022, don’t make it any more complicated than that. Now we’re in years 2020-2024 and not only has inventory dropped to all-time lows, but we’re also dealing with the most significant housing demographic patch ever recorded in U.S.

Inventory 370

Inventory Buyers Investors Sellers 370

Housing Wire

JULY 31, 2024

“It has been four and a half months since the announcement of the NAR settlement, and we have not seen a noticeable change from before the settlement in either the percentage of sellers that offer buyer’s agent commissions or in the average commission amount they’re paying the buyer’s agents,” Compass CEO Robert Reffkin said on the call. “To

Agents 448

Agents Brokerage New Listings Buyers 448

Housing Wire

DECEMBER 11, 2023

When rates go down by a point, people sit on the sidelines because the consumers and the sellers want to know what the market is going to be when they sell the house. Most LOs don’t expect traditional rate-term refinance demand to return until the second half of 2025 and into 2026. in 2024, followed by 5.5%

Mortgage 482

Mortgage Buyers Inventory Technology 482

Appraisal Buzz

JULY 12, 2024

“The combination of declining mortgage rates, rising supply and a lot of inventory growing stale means buyers have a window where they have more purchasing power than earlier in the year and more homes to choose from. The current small decline in rates may encourage more potential sellers to come off the sidelines. overall and by 7.3%

Contracts 370

Contracts Inventory Buyers Sellers 370

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.

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Agents Real Estate Brokerage Clients 468