Housing Wire

DECEMBER 21, 2024

Federal Reserve Chairman Jerome Powell played the Grinch last week for the housing market, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. However, we need lower mortgage rates to grow sales in a bigger fashion in 2025. Chairman Powell’s statements created a ripple effect in the market.

Housing Market 284

Housing Market Marketing Inventory New Listings 284

Housing Wire

DECEMBER 7, 2024

Let’s get into the holiday spirit with this week’s Housing Market Tracker data! Oddly enough, it wasnt jobs week data that moved the bond market this week, but the ISM service index, which came in soft and sent bond yields lower more aggressively. However, like most housing data, this information is quite seasonal.

New Listings 505

New Listings Inventory Contracts Housing Market 505

Housing Wire

SEPTEMBER 22, 2023

17, according to a new report from Redfin. This is pushing many prospective homebuyers to the sidelines until the market becomes healthier. 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%

New Listings 482

New Listings Inventory Buyers Mortgage 482

Housing Wire

JANUARY 26, 2024

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. According to an NAR outlook, home sales are projected to rise significantly in 2024 and 2025 as the housing market steadily returns to normal.

Contracts 482

Contracts Housing Market Construction Inventory 482

Housing Wire

SEPTEMBER 24, 2024

People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. The regional housing market was slower to recover from the financial crisis of the late 2000s than other parts of the country, and it had been reeling from a general decline of the region for years before that.

Housing Market 459

Housing Market Marketing Property Taxes Inventory 459

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. The Fed met last week and we escaped dramatic changes in the markets. There are now 513,000 single family homes unsold on the market. Now it’s on the rise.

New Listings 511

New Listings Inventory Contracts Sellers 511

Housing Wire

DECEMBER 14, 2023

Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. 14, according to Freddie Mac ‘s Primary Mortgage Market Survey. Meanwhile, new listing activity also inched up slightly in recent weeks, another good sign for homebuyers who have more options.

Mortgage 501

Mortgage New Listings Loan Officers Inventory 501

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. There were 60,000 new listings unsold this week for single-family homes.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

JUNE 1, 2024

So, what does this all mean for the housing market and the future of mortgage rates? If we witness more softness in the labor market, the 10-year yield and the labor data will eventually force the Fed’s hand. If we witness more softness in the labor market, the 10-year yield and the labor data will eventually force the Fed’s hand.

Mortgage 520

Mortgage Inventory New Listings Housing Market 520

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. At the time, I observed that even if mortgage rates stayed flat, the momentum seemed to be in the cards for broad, slow growth in the market. New listings Last week, 59,000 new single-family listings came to market.

Inventory 468

Inventory New Listings Sellers Contracts 468

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. Another tricky part of communicating this news is that home sales aren’t suddenly great. The market is different now.

Inventory 396

Inventory New Listings Sellers Contracts 396

Housing Wire

JULY 31, 2024

Compass also said it is not seeing any changes in new listings with regard to commission offers, whether on the Compass platform or on multiple listings services (MLSs). It’s launching a beta version of its client dashboard in October, with full rollout finishing at the beginning of 2025.

Agents 448

Agents Brokerage New Listings Buyers 448

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.” Data from Altos Research shows that just over 505,000 single-family homes are on the market across the U.S. ” Sekisui claims it has delivered over 2.62 That’s a 1.2%

New Listings 459

New Listings Housing Market Inventory Sellers 459

Housing Wire

SEPTEMBER 3, 2024

Both of those states ticked up this week with more unsold homes on the market than a week prior. real estate market as we roll into September 2024. real estate market as we roll into September 2024. Inventory lower than last week There are 704,000 single-family homes unsold on the market across the country now.

Inventory 457

Inventory New Listings Contracts Buyers 457

Housing Wire

AUGUST 19, 2024

Recently unsold inventory would rise later in the year, especially in the last two years as the market slowed when inventory climbed up to November. Slower growth of unsold homes on the market is a result of too few sellers on the supply side and stability on the demand side. The price of the new listings this week is $400,000.

Inventory 435

Inventory New Listings Sellers Buyers 435

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. Inventory, New Listings and Pending Sales Overview New listings increased by 7.9%

Sellers 397

Sellers Buyers New Listings Home Value 397

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. Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% Gains in new listings were observed in July (8.4%).

Sellers 397

Sellers Housing Market Buyers Marketing 397

Housing Wire

DECEMBER 14, 2024

Mortgage spreads I cannot emphasize enough how positive this year’s mortgage spreads have been for the housing market and the general economy. Its important because one key factor that could push rates below my forecasted 5.75% threshold is a potential downturn in the labor market. Weekly inventory change (Dec.

Mortgage 396

Mortgage Inventory New Listings Contracts 396

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 market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. The froth is out of the market.

Real Estate 369

Real Estate Marketing Inventory Contracts 369

Housing Wire

AUGUST 29, 2024

Unsold inventory of homes on the market has been climbing in the U.S. 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. But still, there are about 300,000 fewer homes on the market now than in August of 2019. When demand slows, inventory grows.

Inventory 482

Inventory Real Estate Housing Market Construction 482

Housing Wire

MAY 8, 2024

In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We Year over year , Compass gained 26 basis points of market share, bringing its total share of home sales in Q1 2024 to 4.76%.

Agents 468

Agents Real Estate Brokerage Clients 468

Appraisal Buzz

JULY 12, 2024

More Good News for Buyers: More Homes to Shop Around Growing inventory is encouraging for purchasers as well: The number of properties for sale is almost at its highest point since late 2020, with new listings up 7% year-over-year. less than what it was listed for at the beginning of July. overall and by 7.3%

Contracts 370

Contracts Inventory Buyers Sellers 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. Listing and marketing properties is a complicated process. Meeting new clients is the engine of your business.

Open Houses 448

Open Houses Real Estate Tools Agents 448

Housing Wire

DECEMBER 6, 2024

We’ll also share best practices for developing and sending real estate newsletters and recommend some essential tools to make your email marketing stand out. Save time with pre-written newsletters from Market Leader Don’t have time to write three or more newsletters every month? Lets dive in!

Real Estate 397

Real Estate Clients Tools Sellers 397

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

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.

Agents 459

Agents Legal Realtors Clients 459

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 …. 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. We now see 2.7

Housing Market 68

Housing Market Marketing Construction Buyers 68

Empire Appraisal Group

OCTOBER 10, 2024

Lance Lambert Source: [link] When assessing home price momentum, ResiClub believes it’s important to monitor active listings and months of supply. If active listings start to rapidly increase as homes remain on the market for longer periods, it may indicate potential future pricing weakness.

Inventory 78

Inventory New Listings Housing Market HOA 78

Will Springer Realtor

APRIL 9, 2024

Despite a challenging financing environment, the Seattle/King County housing market is moving forward. New listings (+17%), available homes at the start of April (+5.0%) and listings going under contract – also known as Pending sales – (+24%) were solidly higher when comparing month to month. above the list price.

Marketing 62

Marketing Inventory Buyers Sellers 62

Will Springer Realtor

DECEMBER 10, 2024

The brief and unseasonal spurt in October activity across the Seattle/King County residential real estate market ended abruptly last month. November new listings fell by about half of the previous month’s rate while home prices saw a welcome decline. The number of new listings tumbled 48% from October and was down 2.7%

New Listings 49

New Listings Buyers Real Estate Mortgage 49

Will Springer Realtor

FEBRUARY 13, 2024

The Seattle/King County housing market appears to have come through the worst of times with a slightly stronger showing in January than in previous months. 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. higher than January 2023. from a year ago.

New Listings 56

New Listings Buyers Inventory Lending 56

Lamacchia Realty

JULY 29, 2024

2024 Connecticut mid-year housing report For this report, we are examining the Connecticut real estate market and we are focusing on three property types: single-family homes, condominiums, and multi-family homes. Many sellers are hesitating to put their homes on the market, therefore, the number of new listings is down year over year.

Inventory 65

Inventory Sellers Buyers Real Estate 65

Lamacchia Realty

JULY 29, 2024

2024 Rhode Island mid-year housing report For this report, we are examining the Rhode Island real estate market. 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. lower sales for 2024.

Sellers 61

Sellers Real Estate Buyers Contracts 61

Lamacchia Realty

JULY 29, 2024

Although the market exhibited decreases in sales in the first half of 2024, the changes were nominal compared to the mid-year of 2023 when sales were down 24.8% Last year depicted the lowest number of homes listed in two decades, so this year is the start of the market rebalancing itself. Number of Homes Sold Decreased by 1.7%

Sellers 69

Sellers Buyers Real Estate Contracts 69

Lamacchia Realty

JULY 29, 2024

This is the first year that we are reporting on the entire state of New Hampshire, as for previous mid-year reports we focused on Belknap, Cheshire, Hillsborough, and Rockingham counties. Last year saw the lowest number of homes listed in two decades , indicated by the red line in the graph below. higher sales. Prices Increase 8.2%

Sellers 54

Sellers Buyers Contracts Real Estate 54

Lamacchia Realty

JULY 29, 2024

2024 Maine mid-year housing report For this report, we are examining the Maine real estate market. 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. Number of Homes Sold Increased by 3.1%

Sellers 64

Sellers Real Estate Buyers Contracts 64

Will Springer Realtor

MAY 14, 2024

Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. A rare, two-fisted punch of higher prices and interest rates is bruising the market at a time when activity is usually robust. Active listings (available as of May 1) rose 16% for the month to 1727 homes but were 6.2%

Marketing 36

Marketing Inventory Buyers Sellers 36