Housing Wire

DECEMBER 16, 2024

As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Ten states have more inventory unsold than in 2019, which was the last sort of normal year before the pandemic. Inventory is still very tight in places like Chicago and New England, but it is rising in these markets.

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Inventory Housing Market Marketing Sellers 418

Housing Wire

MARCH 17, 2025

As mortgage rates rose, homebuyer demand slowed and inventory grew. Is it pent up shadow inventory for people whove delayed moving for three years? Inventory growth speeds up due to new listings Available inventory of unsold homes also had a pretty big increase last week, climbing 2% to 656,000. Is it economic vibes?

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Inventory New Listings Housing Market Sellers 427

Appraisal Buzz

NOVEMBER 22, 2024

Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housing market, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory. of responding specialists agreed. Among specialists, 32.8%

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Buyers Luxury Properties Marketing Inventory 417

Housing Wire

JANUARY 30, 2025

But there may be some improvement on the horizon as newly listed home inventory grew 37.5% more homes were actively listed for sale on a given day in January, following a 15-month trend of higher annualized inventory levels. In total, inventory levels were 10.8% Only 14 metro areas surpassed pre-pandemic inventory levels.

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Inventory Sellers Marketing Buyers 369

Appraisal Buzz

FEBRUARY 13, 2025

Redfin cited a number of reasons for this increase in the nations housing inventory, including: The mortgage rate lock-in effect is fading: A number of homeowners who scored low mortgage rates during the pandemic have been staying put because moving would mean taking on a higher rate. month-over-month, and 4.7% year-over-year.

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Inventory New Listings Sellers Real Estate Agent 397

Housing Wire

NOVEMBER 4, 2024

The arrangement known as cooperative compensation allows sellers to choose to offset the cost of buyers’ agents. By making an offer of compensation, sellers communicate to buyers, as a marketing tactic, that their transaction costs may be reduced. In a bidding war, cash buyers and investors will win, and first-time buyers will lose.

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Buyers Sellers Agents Real Estate 321

Appraisal Buzz

JANUARY 9, 2025

While home prices remain high and mortgage rates are forecasted to stay above 6% throughout 2025, the year is expected to see more inventory hit the market a silver lining for shoppers who will see more or less choice depending on where they are. 140,000 2.6 2 Rochester, NY Northeast 22.3% 129,900 2.5 3 Villas, FL South 14.1% 236,950 3.4

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Buyers Investing Inventory Marketing 370

Housing Wire

JANUARY 9, 2025

But survey data released Thursday by Bright MLS found that some standards were top priorities for some buyers. According to the survey, more than half of prospective buyers ranked the condition of the home as the most important factor in their home search. More specifically, 56.1% More specifically, 56.1% Another 37.8%

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Buyers Renovations Housing Market Home Improvement 418

Appraisal Buzz

APRIL 4, 2025

Pent-up demand caused the housing market to flare up in February, but as buyers wait for more inventory, it has cooled off in March, according to Josh Felder, a Redfin Premier real estate agent in the Bay Area. ppts Which Metros Are Seeing the Biggest Buyer Markets? percentage points from the previous year. ppts 42.7%

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Buyers Real Estate Agent Inventory Sellers 284

Housing Wire

DECEMBER 30, 2024

There are a few markets in the South where home prices have inched down recently and every bit helps buyers but those prices have not adjusted much, and theres no sign of any major correction in the works. Inventory continues to contract There are now 651,000 single-family homes unsold on the market across the U.S.

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Housing Market Marketing New Listings Inventory 543

Housing Wire

MARCH 6, 2025

Sims was able to sell the properties quickly thanks to the deep and wide pool of buyers using Auction.com, with its more than 7.4 Like Richards, most Auction.com buyers are local community developers who have a deep knowledge of the markets and submarkets where they are buying. million registered users.

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Sellers Inventory Landlords Renovations 365

Appraisal Buzz

OCTOBER 16, 2024

In markets across the South, increased multi-family inventory is easing competition among renters and driving down prices. The post Buyers and Sellers Embrace Market in Wake of Mortgage Rate Dip first appeared on The MortgagePoint. The balance between housing supply and demand is a key factor shaping regional rent patterns.

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Sellers Buyers Marketing Mortgage 418

Housing Wire

JANUARY 27, 2025

In many markets, there was simply more new home inventory and some buyers who might have wanted to purchase an existing home were instead looking at new construction, said Bright MLS Chief Economist Lisa Sturtevant in a statement. Available new-home inventory is on a firm upward trajectory.

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Inventory Buyers Housing Market Construction 476

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.

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Inventory New Listings Sellers Contracts 476

Housing Wire

MAY 8, 2024

Housing credit channels directly impact housing inventory channels. Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. This matters because inventory was already heading toward all-time lows before COVID-19.

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Inventory Law New Listings Sellers 518

Housing Wire

JANUARY 27, 2025

Recently, weve shared that the inventory of unsold homes is growing. There are already plenty of markets nationwide where the inventory of unsold homes has built up over the past few years and home prices have ticked down. More sellers are facing an absence of buyer demand, prompting them to reduce their asking price.

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Inventory Sellers New Listings Contracts 396

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.

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Mortgage Inventory New Listings Contracts 397

Housing Wire

OCTOBER 25, 2024

The for-sale market, on the other hand, is offering opportunities for buyers heading into the fall, with more than 1 in 4 sellers cutting prices. With inventory up 22% compared to a year ago, buyers are gaining bargaining power. The typical rent is 3.4%

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Inventory Buyers Mortgage Tools 476

Appraisal Buzz

MARCH 5, 2025

High mortgage rates and high home prices combined with economic uncertainty are causing some would-be buyers to change their minds. Increasing inventory and reduced demand has tilted the housing market in buyers favor in recent months. Some buyers are getting cold feet with everything going on in the world.

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Buyers Inspection Agents Contracts 273

Housing Wire

MAY 28, 2024

It’s the end of May and unsold inventory on the market is increasing across the U.S. Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. Higher rates create more inventory.

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Inventory New Listings Contracts Sellers 534

Housing Wire

APRIL 5, 2025

Weekly housing inventory data Spring is upon us, and for me, the most compelling story in housing for 2024 and 2025 has been the inventory growth. Witnessing a solid week of inventory growth brings a smile to my face. Although we haven’t returned to normal levels yet, I appreciate our progress.

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Mortgage New Listings Inventory Contracts 533

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.

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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.

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Inventory New Listings Sellers Contracts 396

Housing Wire

JULY 20, 2024

We finally have six weeks of numbers that hit my housing inventory growth model perfectly in 2024. Last year, with higher mortgage rates , we had zero weeks at this level so I am now giving 2024 inventory growth a grade of A. have higher inventory than the national data.

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Inventory New Listings Contracts Mortgage 526

Housing Wire

DECEMBER 20, 2024

I do not think this trend will go away overnight, even with mortgage rate stability and new inventory in the market. JL: Housing inventory has been climbing in recent months. More housing inventory is critical for homebuyers to envision making a housing trade and for first-time homebuyers to be able to enter the market.

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Real Estate Housing Market Marketing Realtors 397

Housing Wire

APRIL 15, 2025

Unsold inventory of homes on the market has been rising for years and is already at the highest level since 2019 nationally. Total unsold inventory is up, and the weekly pace of new sellers adding to that inventory is up too. There are still many parts of the country which actually have tight inventory and not many sellers.

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Housing Market Marketing Inventory Sellers 435

Housing Wire

JULY 23, 2024

Sinking sales, rapidly rising inventory and prices at all-time highs — this is the state of the market for existing homes. These two factors have caused unsold inventory to rise considerably, pushing months of supply to 4.1, Some prospective buyers are simply waiting for mortgage rates to come down. It represents a 3.1%

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Inventory Buyers Inspection Sellers 508

Appraisal Buzz

DECEMBER 19, 2024

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%. million units in total housing inventory, which was 2.9% million units in total housing inventory, which was 2.9% million).

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Inventory Realtors Buyers Contracts 396

Appraisal Buzz

DECEMBER 10, 2024

With mortgage rates likely to ease only modestly next year, these marketsoffering relatively lower-priced homes, more new and existing houses to choose from, and mortgage products designed to give buyers a leg upcould provide some would-be buyers a better chance at entering the market next year. of income and a cost of living 11.5%

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Housing Market Marketing Inventory Government 418

Housing Wire

NOVEMBER 18, 2024

We already see many signals for what to expect, including last week’s data on inventory , new listings and price reductions, which I analyze below. Mortgage rates continue to move higher and that’s impacting buyers. Housing inventory There are now 722,000 unsold single-family homes on the market around the U.S.

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Housing Market New Listings Marketing Inventory 448

Housing Wire

JULY 17, 2024

Residential Real Estate Report that the number of existing homes purchased by international buyers had fallen 36% year over year to 54,300 homes during the year ending in March 2024. This decrease came even as the average ($780,300) and median ($475,000) purchase prices for foreign buyers were the highest ever recorded by NAR, up 21.9%

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Buyers Inventory Realtors Real Estate 516

Appraisal Buzz

MARCH 13, 2025

If 2025 follows the seasonal trends of the past few years, sellers who list their property this week may see more buyers in the market, sell their home more quickly, and receive an average of $27,000 more than they would at the beginning of the year. higher than the beginning of the year and 1.1% more than the average week of the year.

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Sellers Inventory Buyers Housing Market 367

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. These two trends are keeping a cap on inventory for the rest of the year, especially compared to last year. Let’s look at the details of the U.S.

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Inventory Marketing Sellers New Listings 468

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 370

Housing Wire

OCTOBER 8, 2024

As the housing market fluctuates, inventory levels are a critical factor for builders, developers and buyers. While low inventory might seem like a challenge, especially for buyers, it presents a unique opportunity for builders. In markets with low inventory and strong demand, the situation is different.

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Inventory Supply Chain Buyers Development 434

Appraisal Buzz

MARCH 25, 2025

In terms of for sale inventory and housing inventory, the seasonally-adjusted estimate of new houses for sale at the end of February was 500,000marking a supply of 8.9 The mix of inventory available for sale by stage of construction is normalizing, added Fleming. months at the current sales rate.

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Inventory Construction Buyers Development 317

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.

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Housing Market Marketing Inventory Sellers 418