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. Inventory ticked down this week Inventory ticked down to 738,000 from 739,000 last week. Our model had expected inventory to climb just a bit this week. They have not.

Inventory 475

Inventory New Listings Sellers Contracts 475

Housing Wire

NOVEMBER 21, 2024

“The worst of the downturn in home sales could be over, with increasing inventory leading to more transactions,” NAR chief economist Lawrence Yun said in a statement. However, for most first-time homebuyers, mortgage financing is critically important. Agents and consumers also have reason to celebrate due to rising inventory levels.

Inventory 370

Inventory Home Improvement Realtors Real Estate 370

Housing Wire

JANUARY 20, 2025

Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. Theres signal that the price buyers are paying is declining too. Sales are slow, so inventory of unsold homes is building. Condo inventory is growing faster than single family. Thats up 1.25% from last week.

Mortgage 397

Mortgage Inventory New Listings Contracts 397

Housing Wire

JANUARY 6, 2025

Altos Research tracks every home for sale in the country every week all the active inventory and pending sales as they happen as well as prices and supply and demand metrics Lets look at this weeks data. Inventory fell There are 635,000 single-family homes unsold on the market now. In 2018, mortgage rates and inventory rose all year.

Inventory 448

Inventory New Listings Contracts Sellers 448

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.

Inventory 391

Inventory New Listings Sellers Contracts 391

Appraisal Buzz

JANUARY 22, 2025

Rocket Companies has unified its real estate search platform with its mortgage lending platform to create a single resource where home buyers can search and purchase homes, making the process swifter and more efficient. The post Rocket Unifies its Real Estate Search and Home Financing Platforms appeared first on MortgageOrb.

Real Estate 195

Real Estate Finance Real Estate Agent Design 195

Housing Wire

AUGUST 26, 2024

Unsold inventory in the two biggest housing markets in the country, Texas and Florida, declined this week. Inventory seems to have peaked for the season and is slowly inching down. It also reflects that most homeowners in the country have cheap financing , so they can afford not to sell in unfavorable environments.

Inventory 467

Inventory Marketing Sellers New Listings 467

Appraisal Buzz

DECEMBER 30, 2024

Only your personal situation and finances should do that! Housing inventory will likely still be low in 2025, and demand could increase. If youre prepared financially, then its a good time to buy a homeeven if inventory is limited and interest rates are high. But 510% is okay, too, if youre a first-time home buyer.

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Housing Market Marketing Inventory Real Estate 363

Housing Wire

MARCH 11, 2024

Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The only way inventory would grow in 2024 is if mortgage rates climbed. But the evidence is the opposite.

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Inventory Sellers New Listings Real Estate 516

Housing Wire

JUNE 6, 2023

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. Inventory remains exceptionally low and is restraining sales activity in much of the District.

Real Estate 459

Real Estate Inventory Construction New Listings 459

Housing Wire

OCTOBER 8, 2021

Renovated Inventory to the Rescue. times the median income in the surrounding Census tract, according to the analysis, which incorporated tract-level median income data from the Federal Housing Finance Agency (FHFA). Top Markets for Renovated Inventory. On average, the price of the renovated properties was 3.5 Among 75 U.S.

Renovations 543

Renovations Inventory Marketing Property Taxes 543

Housing Wire

NOVEMBER 4, 2024

As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. The available inventory of existing homes rose by 22% year over year in Q3 2034. New construction inventory has grown in recent months. One year ago, new homes held a 30.5%

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Marketing Inventory Construction Realtors 369

Housing Wire

MAY 23, 2024

The market continues to grapple with insufficient inventory , Redfin reported. New listings have risen approximately 8% compared to last year, yet overall inventory remains below typical spring levels.

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Inventory Sellers New Listings Buyers 485

Housing Wire

DECEMBER 9, 2024

We know inventory has been climbing all year. The northern cities have tight inventory and rising prices, some of the Sunbelt cities have the most inventory in many years, and some markets even have falling prices, too. Inventory is growing Lets start with supply. Inventory shrank every year for most of the decade.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

Housing Wire

AUGUST 19, 2024

Unsold inventory of homes for sale has been on the rise all year. It hasn’t turned the corner yet — inventory rose across the country this week — but at less than 1% rate. There are some signs that inventory growth is slowing with newly lower mortgage rates and the end of the summer. Texas inventory grew by 1.5%

Inventory 426

Inventory New Listings Sellers Buyers 426

Housing Wire

AUGUST 14, 2024

If homes are priced appropriately and marketed well, buyers will make offers. The buyer] got a deal,” Weinstein said of the $600,000 purchase price. This has taken power away from sellers, who now face a shortage of potential buyers. The buyers who are in the market are shopping for the usual reasons.

Buyers 468

Buyers Housing Market Marketing Sellers 468

Housing Wire

JUNE 5, 2023

Tightening credit availability, elevated rates, inventory shortages and strengthening home prices are adding to affordability challenges, the report notes. One key contributor to the affordability challenges is dwindling inventory nationwide. Since the start of 2023, inventory has deteriorated in 95% of major markets, the report notes.

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Inventory Buyers Housing Market Mortgage 418

Housing Wire

SEPTEMBER 26, 2023

“Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said. At the current sales rate, this represents a supply of 7.8

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Inventory Buyers Construction Sellers 511

Housing Wire

JULY 29, 2024

in June compared to a year ago, indicating that rising inventory still needs further saturation before making a meaningful dent in affordability. While inventory nationally and in most markets is higher than one year ago, it remains low from a historical perspective,” First American chief economist Mark Fleming said in a statement.

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Inventory Marketing Buyers Housing Market 488

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. And because mortgage rates have been above 7% for about two months consecutively, the cost of financing is extreme. the month prior.

Sellers 516

Sellers Buyers Inventory Real Estate Agent 516

Housing Wire

JULY 16, 2021

Cash buyers are pouring into the housing market this year, and they’re picking off more than half of available inventory in certain areas in Florida and New York. “I just sold a $700,000 home to a cash buyer last week. That’s often good news for financed buyers because it means fewer bids to compete with.”

Buyers 545

Buyers Real Estate Agent Real Estate Housing Market 545

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Appraisal Buzz

OCTOBER 18, 2024

The housing market remains structurally underbuilt, and homeowners with locked-in low mortgage rates are keeping existing-home inventory limited. over the past year, which may further cause affordability issues for potential home buyers. More groundbreaking is needed to bridge the gap between supply and demand.”

Construction 418

Construction Housing Market Inventory Home Value 418

Housing Wire

MARCH 27, 2024

With the settlement, NAR agreed to abolish its “Participation Rule” that required listing agents to make an offer of compensation to buyer brokers. The currency policy will put VA buyers on the sidelines, especially in a market with already tight inventory, Sears pointed out. “In

Buyers 476

Buyers Real Estate Agent Inventory Real Estate 476

Housing Wire

JANUARY 3, 2024

Housing experts expect that a boost in apartment inventory in 2024 will dampen rent growth. As home and financing prices were too high for prospective buyers, many turned to single-family rentals instead, buoying demand. However, affordability woes will persist.

Inventory 481

Inventory Construction Property Management Real Estate 481

Housing Wire

DECEMBER 18, 2024

“Buyers remained active in the purchase market , helped by gradually improving inventory conditions and a more positive outlook on the economy and job market. . “Conventional and VA purchase applications drove this week’s increase in purchase activity on a weekly and annual basis,” Kan added.

Mortgage 387

Mortgage Contracts Government Inventory 387

Housing Wire

MAY 21, 2024

The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday. NAR has also advocated for the VA to change its rule around buyer broker compensation.

Buyers 523

Buyers Agents Real Estate Agent Real Estate 523

Housing Wire

MAY 14, 2024

“Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said. Nationwide, the share of buyers who are first-time buyers has risen in recent months. Nationwide, the share of buyers who are first-time buyers has risen in recent months.

Buyers 448

Buyers Inventory Landlords Real Estate 448

Housing Wire

APRIL 25, 2024

Buyers are really struggling.” Although there is no doubt among local real estate professionals that demand is high in the Cincinnati housing market, agents say the area’s low inventory situation is only adding to the challenge facing consumers. We are going to see an increase in inventory. So, they are just hunkering down.”

Buyers 459

Buyers Marketing Inventory Investors 459

Housing Wire

NOVEMBER 16, 2023

On the construction side, homebuilders as well as land developers found it hard to finance projects because of high short-term interest rates. On the consumer side, a large number of prospective buyers sat on the sidelines as housing affordability worsened. The gauge measuring traffic of prospective buyers declined to 21.

Inventory 486

Inventory Construction Housing Market Finance 486

Housing Wire

NOVEMBER 4, 2024

Newly released data from the annual profile of home buyers and sellers by the National Association of Realtors (NAR) shows just how dramatically this trend has manifested since the financial crisis of 2008. While the median age of buyers gradually increased over the course of two decades, the COVID-19 pandemic sped it up.

Real Estate Agent 345

Real Estate Agent Buyers Sellers Realtors 345

Housing Wire

OCTOBER 16, 2024

Demand is holding up to an extent for prospective first-time buyers. FHA purchase applications were little changed despite the increase in rates, as some first-time homebuyers remain in the market because of improving housing inventory conditions.”

Mortgage 520

Mortgage Inventory Buyers Marketing 520

Housing Wire

FEBRUARY 7, 2024

With mortgage rates briefly topping 8% and home prices breaking records throughout the year, many would-be sellers simply decided not to bother listing their homes, exacerbating already tight inventories. Mortgage rates followed suit, walloping buyers’ purchasing power. New data from the U.S.

Inventory 459

Inventory Sellers Mortgage Marketing 459

Housing Wire

NOVEMBER 4, 2024

Although I was certainly nervous about the process, I knew I was far better prepared — and had far more resources and industry experts available for consultation — than most first-time buyers. I wanted to make sure I was comfortable with what the inventory in my price range might look like before I began taking up an agent’s valuable time.

Agents 435

Agents Inspection Real Estate Sellers 435

Housing Wire

OCTOBER 23, 2024

For-sale inventory has started to loosen, and home-price growth has eased in some markets, providing more options for buyers in combination with these lower rates.” Even though rates have been on a recent upswing, they are over a full percentage point lower than a year ago, which has kept some homebuyers in the market. a week earlier.

Mortgage 475

Mortgage Inventory Buyers Marketing 475

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

Inventory 416

Inventory Marketing Business Buyers 416

Appraisal Buzz

SEPTEMBER 19, 2024

It’s a tough market for first-time home buyers, but they can still find ways to make their dream come true, according to NerdWallet’s Q2 First-Time Home Buyer Affordability Report. It’s not easy being a first-time home buyer. Buyers in the highest-priced markets will need higher-than-average incomes and larger down payments.

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Buyers Inventory Insurance Finance 360