Housing Wire

APRIL 25, 2024

“I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We There is no way you can stay on top of things unless you hire someone to watch new listings pop up every 10 minutes. Buyers are really struggling.” We couldn’t even see it.

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Buyers Marketing Inventory Investors 459

Housing Wire

DECEMBER 9, 2024

New listings on trend Nationally, there were just 31,000 new listings for single-family homes from the last week which included Thanksgiving weekend. During this period, there were fewer sellers and many more buyers. However, in most of the country, we have no growth from the seller side.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At But now buyers are sick of waiting around and are deciding it is time to buy.”

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Housing Market Buyers Agents Marketing 468

Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Millennials comprised 75% of this demographic, with older millennials and Generation X (ages 44 to 58) accounting for 44% and 24% of first-time buyers.

Housing Market 480

Housing Market Marketing Training New Listings 480

Housing Wire

MARCH 14, 2025

The median list price of homes in the US is $435,000; the median price of new listings is $435,900. Visit Altos Research Sources: Altos Research Buyer statistics Part of being a great buyers agent is getting inside the mind of a buyer. 45% of buyers spend 16 or more years in their homes.

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Real Estate Marketing Real Estate Agent Sellers 313

Housing Wire

FEBRUARY 22, 2024

As demand for homes continues to outpace new listings, CrossCountry Mortgage (CCM) is introducing a new cash-offer product, the company announced Thursday. The Cleveland -based retail mortgage lender unveiled CCM CashPlus to help buyers gain an edge in the bidding process by turning preapprovals into cash offers.

Mortgage 433

Mortgage Real Estate Agent Retail New Listings 433

Housing Wire

MAY 22, 2024

This growth is a positive housing story in 2024, something I talked about on Yahoo Finance this morning. The other data line that is small but steady year-over-year is the new listings data, and if most sellers are buyers, that gives us more demand than in 2023, when new listings were trending at the lowest levels ever.

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Inventory New Listings Housing Market Contracts 513

Housing Wire

JULY 28, 2023

New listings of starter homes dropped 23% from a year earlier in June, the biggest drop since the start of the pandemic, the report found. The cost of financing a median-priced U.S. Austin buyers must earn $92,000, down 3.3% year over year, and Phoenix buyers must earn $86,100, down about 1%. in June, up from 5.5%

Buyers 370

Buyers Housing Market Investors Real Estate 370

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. New York – The residential sales market has been strong across the District.

Real Estate 459

Real Estate Inventory Construction New Listings 459

Housing Wire

AUGUST 24, 2024

Since the buyer’s commission payout isn’t as transparent as before, I have been anticipating delays in the home-buying process as people adapted to the new rules. 2024 is the second-lowest new listing year recorded in history, but we still saw growth from last year, which is a positive. Weekly inventory change (Aug.

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Inventory New Listings Sellers Mortgage 498

Housing Wire

NOVEMBER 28, 2023

year over year in Q3, according to the Federal Housing Finance Agency (FHFA) House Price Index. Home-price growth expected to slow in Q4 High mortgage rates combined with a typical seasonal slowdown will limit the number of buyers on the market in Q4, Bright MLS Chief Economist Lisa Sturtevant said in a statement. in September.

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Inventory New Listings Finance Buyers 493

Housing Wire

SEPTEMBER 13, 2022

Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter. It wasn’t the rate move that caught my attention — it was the new listing data. As you can see below, that sharp move to 6.25% caused new listing data to stall at first.

Mortgage 525

Mortgage Inventory New Listings Sellers 525

Housing Wire

JULY 15, 2024

If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. Home prices and new listings dipped too. On the pricing side, last week had the first negative print on year-over-year price for new listings. Is it darkest before the dawn?

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Housing Market New Listings Marketing Mortgage 497

Housing Wire

SEPTEMBER 26, 2024

“Healthy markets are ones where buyers and sellers have access to all relevant data for their decisions. When a buyer selects a property page to view, a new climate risk section will appear alongside the listing, which provides them with a separate module for each of the five risk categories. Nationwide, 55.5%

Insurance 467

Insurance New Listings Buyers Tools 467

Housing Wire

MAY 13, 2024

If you need to communicate about the real estate market with buyers and sellers, you should join us. It’s the peak season for buyers and sellers. New listings Slightly fewer new listings hit the market this week — 69,000 single-family homes that are newly listed, plus another 20,000 listed that are already under contract.

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New Listings Contracts Inventory Sellers 499

Housing Wire

OCTOBER 31, 2023

At least, that’s what the data seems to suggest as inventory grows and new listings decline at a less aggressive rate than last year. New listings decline isn’t as steep as a year ago There were only 53,000 new listings (single-family homes) unsold this week, plus 10,000 more new listings that are already in contract.

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New Listings Inventory Contracts Housing Market 511

Housing Wire

SEPTEMBER 9, 2024

We’re also seeing more home sellers withdrawing their listings to try again next year. In fact, for every two sales, there is another listing withdrawn from the market. Let’s look at how these dynamics will impact home sales , prices, and buyer opportunities for the rest of the year and into the first quarter.

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Sellers Inventory Contracts New Listings 482

Housing Wire

OCTOBER 15, 2024

Buyers are reluctant to buy. Some of this week’s inventory decline was helped by western Florida, which had a lot of withdrawn listings and very few new listings due to the two hurricanes. New listings tick up New listings ticked up to 63,000 plus 10,000 more immediate sales.

Inventory 505

Inventory New Listings Sellers Marketing 505

Housing Wire

MARCH 11, 2024

New listings To watch whether supply and demand might get out of balance with higher mortgage rates, keep an eye on the new listings volume this spring, not just the total inventory. There were 59,000 new listings unsold this week. Last year there was still a lot more buyer momentum than sellers.

Inventory 516

Inventory Sellers New Listings Real Estate 516

Housing Wire

SEPTEMBER 3, 2024

But while falling interest rates are putting a floor on demand, there’s still no sign of any rush of buyers. New listing numbers are low There were just 59,000 new listings unsold this week for single-family homes. There were another 10,000 new listings that immediately sold.

Inventory 451

Inventory New Listings Contracts Buyers 451

Housing Wire

MAY 8, 2024

Since most sellers are buyers, inventory should be stable if demand is stable. This is what happened post 2010: The millennials started to buy homes in 2013 and they finance 90% of those homes. Now, nobody is listing their homes to sell and buy unless they’re 100% pre-qualified. Demographics also play a role here.

Inventory 518

Inventory New Listings Law Sellers 518

Housing Wire

APRIL 19, 2024

High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market. A surge in new listings of luxury homes was not enough to curb the price growth associated with rising demand. New listings of luxury homes soared 18.5% Buyers are looking for that again.

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Luxury Properties New Listings Buyers Housing Market 487

Housing Wire

AUGUST 6, 2024

Still, this affordability boost is good for any buyers in the market now. We should be able to measure how demand changes over the next few weeks if rates stay at these new lower levels. New listings ticked down Most of the total inventory fluctuations have been demand-driven this year. When rates rise, demand slows.

Mortgage 482

Mortgage Inventory New Listings Contracts 482

Housing Wire

AUGUST 19, 2024

New listings come at slow rate On the new listings side, we’ve covered the slow rate of sellers now for two full years. This week was no different with 67,000 new listings of single-family homes. As mortgage rates fall, we’ll see if there is any notable uptick in buyer demand.

Inventory 426

Inventory New Listings Sellers Buyers 426

Housing Wire

MAY 23, 2024

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

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Inventory Sellers New Listings Buyers 485

Housing Wire

APRIL 18, 2024

In an interview today with Yahoo Finance , I discussed how home prices are still rising this year. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% from the previous year ($375,300). All four U.S. regions registered price gains. million, and in 2007, it peaked at 4 million.

Inventory 505

Inventory Housing Market New Listings Buyers 505

Housing Wire

DECEMBER 14, 2023

Meanwhile, new listing activity also inched up slightly in recent weeks, another good sign for homebuyers who have more options. One LO said he quoted an FHA borrower at 5.7%. A promising winter market Business for the mortgage industry has picked up considerably since Thanksgiving, with homebuyers jumping on lower rates.

Mortgage 501

Mortgage New Listings Loan Officers Inventory 501

Housing Wire

AUGUST 4, 2024

While I didn’t get my minimum target of 80,000 new listings during the peak seasonal weeks this year, it was good to see growth. With more sellers who are buyers, we have a bit more demand this year. Weekly inventory change (July 26-Aug. 2): Inventory grew from 677,246 to 683,728 The same week last year (July 27-Aug.

Mortgage 518

Mortgage Inventory New Listings Housing Market 518

Housing Wire

SEPTEMBER 15, 2024

Since most sellers are buyers, this data must return to normal before seeing real, long-lasting sales growth. However, I missed my 2024 forecast of at least 80,000 new listings per week this year during the seasonal peak months by roughly 5,000. Weekly inventory change (Sept.

Mortgage 521

Mortgage Inventory New Listings Retail 521

Housing Wire

MARCH 6, 2024

This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings. This data, courtesy of Altos, shows that new listings retreat when rates rise and accelerate when rates fall: High rates are bad, too, for the sellers who decided to list their homes.

Mortgage 468

Mortgage Sellers New Listings Buyers 468

Housing Wire

JUNE 28, 2023

“Investor sentiment is positive right now as they haven’t let the macroeconomic environment slow them down,” said Kurt Carlton , co-founder and president of New Western , one of largest real estate investment marketplaces in the U.S. is lacking about 320,000 listings valued at the affordable range for middle-income buyers.

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Investors Housing Market Marketing Renovations 397

Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. Buyers think it’s a buyer’s market. The ratio between price increases and price decreases also points to things shifting toward buyers.

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Housing Market Marketing Sellers Buyers 466

Housing Wire

AUGUST 26, 2024

This probably reflects seller discouragement in a low-demand market, pulling their listings to wait until next year. It also reflects that most homeowners in the country have cheap financing , so they can afford not to sell in unfavorable environments. Or do they simply not discount and just withdraw the listing to try again later?

Inventory 467

Inventory Marketing Sellers New Listings 467

Housing Wire

OCTOBER 7, 2024

There were very few buyers in the fourth quarter 2023. New listings There were 61,000 new listings unsold this week — down a few percentage points for the week and a fraction more than a year ago. Buyers can put the brakes on quickly. Leading indicators, such as price reductions, have topped out.

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Housing Market Marketing Mortgage Contracts 476

Housing Wire

JUNE 21, 2021

. “I never know how my day is going to go, because when a new listing comes on the market in Knoxville, the race is on. ” Grebe said 78% of homes sold in May went for list price or above, and 40% of those sold for at least 26% above list price. It’s like a horse race.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Housing Wire

SEPTEMBER 7, 2023

Rising mortgage rates mean rising inventory as home buyer demand slows quickly. Mortgage rates have been rising, making homes more expensive to buyers and obviously slowing demand. This is an effective illustration of the impact this year’s higher mortgage rates are having on home buyer demand. Mortgage rates peaked at 7.5%

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Contracts Inventory Buyers New Listings 468

Housing Wire

JUNE 28, 2024

There isn’t a whole lot of time during the year where it is super slow because we have a lot of vacation buyers, but pre-COVID, between Columbus Day and Thanksgiving, when the mountains were just starting to open, was typically slow. It really is just really slow from a buyer standpoint.” as of June 21, 2024.

Housing Market 397

Housing Market Marketing Inventory Buyers 397