Housing Wire

APRIL 15, 2024

Taking the top spot as the greatest challenge was low inventory , with nearly half (49%) of respondents ranking that as their biggest challenge. I tell sellers we can expose their home to a broader market by offering a buyer agent compensation,” one respondent wrote.

Inventory 414

Inventory Agents Real Estate Sellers 414

Housing Wire

JANUARY 13, 2024

Last week, housing inventory grew and the number of price cuts fell, which is expected at this time of the year. I hope the next thing we see is housing inventory grow at the level it typically does in January or February instead of being delayed until March or April. So let’s hope for more home sellers in 2024. 2022 21.7%

Inventory 531

Inventory New Listings Retail Mortgage 531

Housing Wire

NOVEMBER 11, 2023

Total housing inventory growth has been slow in 2023, but with rising mortgage rates over the last few months, inventory has grown a bit faster than average. The question now is: Have we hit the seasonal peak in inventory for 2023? Last year, according to Altos Research , the seasonal peak for housing inventory was Oct.

Inventory 483

Inventory New Listings Mortgage Retail 483

Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. Weekly housing inventory data Here is a look at the first week of the year: Weekly inventory change (Jan. 12-19) : Inventory rose from 505,223 to 506,414 Same week last year (Jan.

Inventory 541

Inventory Mortgage New Listings Sellers 541

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

Inventory 493

Inventory Buyers Construction Sellers 493

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 424

Inventory Sellers Mortgage Marketing 424

Housing Wire

APRIL 30, 2023

The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. Since 2020, the seasonal inventory bump has happened later than usual — not until March or April.

Inventory 516

Inventory Housing Market Marketing New Listings 516

Housing Wire

APRIL 23, 2023

Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. Still, we have some promising signs that we might have finally hit the inventory bottom for 2023. Again, I am a bit mindful here due to Easter.

Inventory 545

Inventory Housing Market Marketing New Listings 545

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Real Estate Agent 442

Real Estate Agent Real Estate Buyers Agents 442

Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. Weekly housing inventory The numbers this week are unfortunate: inventory should be growing like it does at this time every year.

Inventory 483

Inventory Housing Market Marketing New Listings 483

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 442

Buyers Real Estate Agent Inventory Real Estate 442

Housing Wire

JANUARY 20, 2023

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. million in January down to about 4 million in December, We now have total inventory levels near all-time lows again. Unsold inventory sits at a 2.9-month months in Nov.

Inventory 540

Inventory Housing Market New Listings Marketing 540

Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. Since May 15, that trend has continued to the point that inventory in America is now negative year over year. 9, 2022, and today you can see the final result of that dynamic shift as inventory is now negative versus the 2022 data — all before July 4th.

Inventory 450

Inventory Housing Market Marketing New Listings 450

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. Buyers are picky and they don’t want to pay a dollar more than they need to,” the report said. According to the brokerage, 6.5% the month prior.

Sellers 502

Sellers Buyers Inventory Real Estate Agent 502

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

Real Estate 471

Real Estate Buyers Agents Sellers 471

Housing Wire

APRIL 6, 2022

Nearly 65% of homeowners planning to sell this year expect to list by the end of summer, which should provide a much-needed influx of inventory that should slow the explosive home price growth seen during the pandemic, according to a Realtor.com survey of prospective sellers.

Inventory 471

Inventory Sellers Buyers Marketing 471

Real Estate News

APRIL 8, 2023

Even as falling interest rates have opened the door for more buyers, not enough sellers are listing, keeping inventory stubbornly low.

Sellers 255

Sellers Inventory Buyers 255

Housing Wire

MARCH 30, 2023

But while rates have dropped, the housing market has continued to be challenged by low inventory levels. Altos Research data shows that the weekly inventory fell from 414,278 on March 17 to 413,169 on March 24. Mortgage rates declined for the third consecutive week, sparking hope for a good homebuyers’ spring season.

Inventory 519

Inventory Housing Market Marketing Mortgage 519

Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. Does that mean we are heading back to all-time lows in inventory again for 2023? During the last four weeks and especially this past week, we are seeing inventory decline faster than expected. Weekly housing inventory. Weekly inventory change: (Dec.

Inventory 541

Inventory Housing Market Marketing New Listings 541

Housing Wire

JUNE 25, 2023

Summer is here, and housing inventory is finally growing! The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. Here’s a quick rundown of the last week: Active inventory grew 8,886 weekly.

Inventory 404

Inventory Housing Market Marketing New Listings 404

Housing Wire

JANUARY 16, 2023

Housing inventory increased by 1,339 homes nationwide. The weekly inventory data, which had fallen faster than I had anticipated the last few weeks, has now seen a slight uptick. Weekly housing inventory. Hopefully, we see a continuation of this inventory pick-up next week and this isn’t just a one-week blip.

Inventory 531

Inventory Housing Market Marketing Mortgage 531

Housing Wire

FEBRUARY 13, 2023

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. Weekly housing inventory continues to decline, as we saw a decrease of 13,238 units, double the amount we had this time last year. This means buyers have more say now in the home-buying process.

Inventory 502

Inventory Housing Market Mortgage Marketing 502

Real Estate News

MAY 2, 2024

Rates are likely to stay higher for longer, but as inventory builds, pent-up demand and more home choices could entice buyers — if they can afford it.

Buyers 211

Buyers Inventory Mortgage 211

Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”

Inventory 457

Inventory Renovations Real Estate Government 457

Housing Wire

DECEMBER 2, 2021

It’s official – housing inventory in America is at a crisis level. I think more new listings will hit the market in the new year, but there will also be a long line of buyers who are queuing up right now.”. The post Housing inventory has never been lower appeared first on HousingWire.

Inventory 502

Inventory New Listings Contracts Housing Market 502

Housing Wire

NOVEMBER 7, 2023

It’s a fact: Buyer-side commissions are no longer a guarantee and no longer an entitlement. Builders don’t all pay the same buyer-side commissions; some don’t pay any buyer-side commissions. So how do you provide overwhelming value to your buyer clients? For Sale By Owners are the same.

Clients 424

Clients Buyers Real Estate Agent Real Estate 424

Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. Gradually increasing mortgage rates, heightened home prices and inventory levels at historic lows finally coalesced in February to depress in-contract deals. and West (96.9) respectively. and West (96.9)

Inventory 493

Inventory Contracts Housing Market Buyers 493

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 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

NOVEMBER 30, 2023

Homebuyer traffic will increase in 2024, fueled by lower mortgage rates and more existing-home inventory. After a very difficult market for buyers who have had to contend with an atypical housing market in 2023, home shoppers will find more listings to choose from in 2024,” Lisa Sturtevant, Bright MLS chief economist, said in a statement.

Buyers 464

Buyers Housing Market Sellers Inventory 464

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. Total housing inventory fell in this report, the third report in a row that shows total inventory has decreased.

Inventory 464

Inventory Marketing Housing Market New Listings 464

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Inventory rising, historically low.

Inventory 393

Inventory Marketing Mortgage Supply Chain 393

Housing Wire

FEBRUARY 6, 2023

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Weekly Housing Inventory A few weeks ago, I was encouraged that we had a slight increase in inventory and a small decline the following week. This week inventory fell 8,664 units from the previous week.

Inventory 457

Inventory Housing Market Marketing New Listings 457

Housing Wire

MAY 10, 2022

The relative pressure of supply vs. demand in the housing market is gauged by the level of active inventory. Like dropping barometric pressure, plunging inventory usually foretells stormy conditions: Faster price growth and faster sales. The post When will housing inventory recover? appeared first on HousingWire.

Inventory 393

Inventory Housing Market Construction Sellers 393

Housing Wire

JANUARY 20, 2022

Right after the Great Recession, between 2009 and 2011, buyers viewed a median of 12 homes before purchasing, as inventory was plentiful. From 2004 to 2006, during the housing boom years, even though homes were moving at a rapid pace, buyers typically looked at nine homes. month’s supply of homes.

Buyers 414

Buyers Inventory Open Houses Technology 414

Appraisal Buzz

MARCH 25, 2022

First-time buyers are fighting a war on multiple fronts, trying to balance rising home prices and interest rates with near record low inventory of 870,000 units in February, a 1.7 But looking ahead, … The post Outlook: Buyers and Inventory Will Return by 2024 appeared first on DSNews. month supply.

Inventory 150

Inventory Buyers Appraisal 150

Housing Wire

MARCH 26, 2023

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In a regular market, they would be closer to 5.25%.

Inventory 442

Inventory Housing Market Marketing Mortgage 442

Housing Wire

OCTOBER 8, 2021

Renovated Inventory to the Rescue. The analysis also suggests that most distressed property buyers are performing extensive rehab before reselling, and that most renovated homes are being resold to owner-occupant buyers. Top Markets for Renovated Inventory. for all existing home sales nationwide. Among 75 U.S.

Renovations 542

Renovations Inventory Marketing Property Taxes 542