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Despite 2025 housingmarket predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. See what she had to say below and register today for the Housing Economic Summit on Feb. HW: What housing trends do you think will continue in 2025 and why?
In this week’s episode of the RealTrending podcast , host Tracey Velt traveled to the REengage Winter Conference to speak with Illinois Realtors CEO Jeff Baker and president Tommy Choi. To kick off the live conversation, Velt asks a question about the current challenges facing the housingmarket in 2025.
The COVID-19 pandemic turned a number of nontraditional cities into housingmarket hotspots. While some of those markets have since seen a reversal of fortunes, 2025 may bring a few more surprises. Indianapolis has an affordable housingmarket that will make it attractive.
A report released Monday by the National Association of Realtors (NAR) showed an increase in pending home sales for the fourth consecutive month. “Where supply surges, improving affordability often follows, which may bring buyers off the sidelines, unlocking pent up demand and reinvigorating market activity in the new year.”
Zillow anticipates a more active housingmarket with more buyers obtaining the upper hand in 2025. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” As the market gradually recovers, 2025 should bring more sales and relatively moderate increases in property values.
The role of the real estate agent has been under the microscope of late as a result of class-action litigation over agent commissions, but the feedback agents want most about their practices comes from two sources — home buyers and sellers. Help negotiating with buyers registered at just 13%.
As the recovery continues, the California Association of Realtors (CAR) said that residents should accept change instead of fighting it. ” Kalin closed his session with tailored advice for agents who are assisting landlords, buyers, and tenants with wildfire recovery. Landlords cannot raise rents by more than 10% until then.
Pending home sales ended the year on a down note, according to data published on Thursday by the National Association of Realtors (NAR). Pending sales activity had been higher in October and November, and there was some growing optimism that the 2025 housingmarket could start out strong. compared to a year prior in December.
as reported by the National Association of Realtors (NAR). Buyers and sellers alike continue to rely on the expertise of Sothebys International Realty agents to successfully navigate an ever-changing market and achieve their real estate goals, White said. Our reach and strategic expansion into key markets in the U.S.
In its 2025 Industry Survey , Redfin dug deeper into how real estate agents view their careers, the housingmarket, and other hot-button industry issues. The post Industry Survey Gauges Real Estate Agents HousingMarket, Career Sentiment first appeared on The MortgagePoint. who noted a positive impact.
Baby boomers have overtaken millennials as the largest share of homebuyers , making up 42% of all purchases in the past year, according to a report from the National Association of Realtors (NAR). NARs 2025 Home Buyers and Sellers Generational Trends report found that Generation X buyers remained steady at 24% of the market.
Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. 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. The buyers in the market tend to fit a similar profile.
Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers. Despite the initial concerns, many industry professionals say first-time buyers are currently faring no worse than other buyers — for now, at least.
According to the National Association of Realtors 2025 Home Buyers and Sellers Generational Trends report, baby boomers now comprise the largest generational group of home buyers in a shift that underscores the changing dynamics of todays housingmarket.
When the National Association of Realtors (NAR) first started its Profile of Home Buyers and Sellers in 1981, it found that single women were the second largest demographic in the U.S. housingmarket , trailing only married couples. “The highest share of single women buyers was in 2006, when the share stood at 22%.
million, according to data released Wednesday by the National Association of Realtors (NAR) On a year-over-year basis, existing-home sales were down 3.5% While the uptick in inventory is certainly a positive for buyers, NAR’s report found they are continuing to contend with rising home prices. After falling 2.5% in September.
The National Association of Realtors reports that existing-home sales increased in November. 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%. Three major U.S. Sales rose 6.8%
housingmarket is split into two groups: first-time buyers struggling to enter the market and current homeowners buying with cash,” said Jessica Lautz, NAR Deputy Chief Economist and VP of Research. First-time buyers decreased to 24% of the market share (32% last year). Buyer Demographics Vary Across U.S.
With the National Association of Realtors ( NAR ) reportedly set to vote on the future of its Clear Cooperation Policy (CCP) in the not-too-distant future, the leader of Coldwell Banker Realty is not holding back her feelings about the controversial rule.
These off-market listings not only harm sellers, but they limit exposure to potential buyers, possibly deepening inequities that have long existed in real estate. We must maintain transparency in the housingmarket so we dont go back to the dark ages of real estate. To conduct its study, Zillow analyzed 2.72
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 agents in the leafy suburbs of Bergen County, New Jersey say the current housingmarket — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At
The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 To get the housingmarket to be sane and normal again, we need inventory to get back in a range between 1.52 – 1.93 Housing is the cost of shelter to own the debt; it’s not an investment.
The COVID-19 pandemic impacted the housingmarket like no event since the 2008 financial crisis, but some of the trends induced by the pandemic are starting to reverse. That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends.
As a real estate reporter, it was not lost on me that the formal start of my house hunt would coincide almost perfectly with the real estate industry working through the nationwide implementation of the business practice changes outlined in the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement.
Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housingmarket. “I
The National Association of Realtors (NAR) analyzes how the NFIP promotes and impacts local and national home sales and economic activity in a new report. In addition to buyers and sellers, this disruption might have repercussions for the economy, associated sectors, and the larger real estate market. Or Will It?
This comes even as the business practice changes outlined in the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement have been implemented across the country. Real conducted its survey between Aug. 30 and Sept. 15, recording the responses of roughly 300 agents across North America.
Starting this week, I will analyze weekly data in a HousingMarket Tracker article every Monday to provide a status update on the U.S. housingmarket and economy. This weekly tracker will give you updates on the data lines that don’t need to wait for monthly housing data reports. . Housingmarket inventory.
This volatility has sidelined many potential buyers and sellers, who are opting to wait for a more stable market. Stable mortgage rates – even if they remain relatively elevated – could be the key to unlocking confidence in the housingmarket. What variables are shaping, and shaking, the housingmarket?
In a difficult housingmarket for Realtors, experience matters — a lot. That’s the conclusion of the 2024 Member Profile poll from the National Association of Realtors (NAR), which shows a sharp divergence in income when comparing more experienced agents to their less experienced colleagues.
The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 million , with double-digit home-price growth driving a housingmarket that is still savagely unhealthy. My rule to get the housingmarket out of the unhealthy stage is that we need total inventory back between 1.52
I have been part of the mortgage banking industry since 1983 — 39 years to date through different housingmarkets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housingmarket like the one in 2020 and 2021. economy, especially the mortgage and housing sector.
Like the vast majority of the country, the city’s housingmarket has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. Buyers think it’s a buyer’s market. Sellers think it’s a seller’s market. 25 statewide in 2023 transaction volume.
Despite the recent rise in mortgage rates, early indicators suggest that the housingmarket is pointed in the right direction. The latest signal comes from the National Association of Realtors ‘ (NAR) Pending Home Sales Index (PHSI), which shows sales in October growing 5.4% year over year and 2% compared to September.
Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. Buyers will also be required to sign a representation agreement outlining the amount they will pay their agent for their services.
Commissions paid to real estate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17 , according to a new analysis from Redfin. Buyer’s agent commissions have fallen 17 basis points since January 2023, when they averaged 2.51%.
The Black homeownership rate saw the largest year-over-year increase of all racial groups in 2023, according to data released Monday by the National Association of Realtors (NAR). housingmarket. Despite consistent challenges, more first-time Black homebuyers entered the market in 2024. Despite that, only 17.6%
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.
As high mortgage rates reshape the housingmarket, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. This indicates that buyers and sellers alike are showing signs of frustration in waiting for rates to fall. Census Bureau. million units.
HousingWire has partnered with New Hampshire Association of Realtors (NHAR) to bring original data, analytics and news to its members who are the voice for real estate in the state. Our strategy is simple – be the independent source of information housing leaders seek first, and trust the most,” Clayton Collins, HousingWire CEO, said. “By
The housing nightmare continues. The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Regarding the monthly supply for housing, we want this to get above four months as soon as possible. million , down 3.4% from the previous month and 8.6% from last year.
While it’s not as clear how long-lasting the rebound will be, it does still provide some much-needed good news for the spring and summer housingmarket. in April 2023, according to the National Association of Realtors (NAR). This article is part of our ongoing 2023 HousingMarket Forecast series. million in April.
The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 However, the real story of 2022 is that the savagely unhealthy housingmarket continues as inventory is still lower than last year, sending home prices growth into double digits again.
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