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Altos: Sellers are coming back to the housing market, can buyers keep up?

Housing Wire

There were 66,000 new listings this week, of which 14,000 are already in contract. 14,000 of those new listings are already in contract. Immediate sales If sellers are growing we need to know if buyers are growing too. Of the 66,000 new listings this week, 14,000 of those are already in contract.

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Are home sellers finally coming back to the market?

Housing Wire

Rates are falling now and if that continues, buyers will jump and inventory will fall well into the first quarter of 2024. These sellers have been matched by an increase in buyers, too, so there were 10% more immediate sales than last year. Contracts growing We continue to see the new contracts grow each week: There were 7.7%

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Real estate’s strong 2023 housing market finish: Altos

Housing Wire

Inventory is slowly but steadily increasing over last year, which means slightly more options for buyers this spring. We have more homes going into contract each week now than we did a year ago — supply and demand are climbing together. There are now 258,000 single family homes in contract. Sales rates are climbing.

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Real estate momentum slows as interest rates rise again: Altos

Housing Wire

Those metrics, specifically the pace of new listings and new sales contracts, slowed this week. New listings and new contracts both still show a bit of improvement over 2023, but the growth rates have slid back down. The state of California had 20% more contracts started last week than the same week a year ago. Just 31.4%

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Altos: Are higher mortgage already rates deterring homebuyers?

Housing Wire

This is not a recipe to keep the home buyer momentum we saw building in December. Remember that the way to more selection for home buyers is with higher mortgage rates. Spring buyers’ market It’s the spring buyers market and inventory is falling each week. There are more buyers than sellers. A few years.

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The strong spring real estate market will surprise you: Altos

Housing Wire

There are now 247,000 single family homes in contract. That is 4.25% more homes in contract now than last year at this time. New contracts up New contracts were 13% more than last year during the first week of January. If they have buyers, the price of the new listings spikes up quickly.

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Home sales are growing. Will it continue?: Altos

Housing Wire

Homes in contract rises There are more homes in contract now than last year at this time. Sales growth is not guaranteed This week there were 56,000 contracts started for single-family home purchases. Home sales grow There are now 276,000 single family homes in contract — 5% more than last year at this time.

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