Housing Wire

FEBRUARY 27, 2025

According to a report from Redfin, for-sale inventory at the end of January in Florida was up 22.7% Redfin agents in the state say that its now a buyers market where sellers have to make concessions to bring buyers to the table. Redfin attributes the rise in inventory to several factors. year over year.

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Inventory Marketing HOA Buyers 381

Housing Wire

JANUARY 30, 2025

Rising mortgage rates that are now above 7% have continued in January. 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. year over year. .”

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Inventory Sellers Marketing Buyers 368

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

JANUARY 20, 2025

Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. This housing market is on hold until mortgage rates come down. We knew that mortgage rates over 7% were possible for the year, and here we are. Theres signal that the price buyers are paying is declining too.

Mortgage 397

Mortgage Inventory New Listings Contracts 397

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

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

MARCH 31, 2025

According to Fannie Maes Economic and Strategic Research (ESR) Group , mortgage rates are now expected to end 2025 and 2026 at 6.3% Research from the ESR Group found that the lower mortgage rate outlook resulted in a small upward revision to existing-home sales outlook in 2025, though expectations for total home sales remain subdued.

Mortgage 435

Mortgage Buyers Home Value Inventory 435

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%

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Buyers Investing Inventory Marketing 370

Housing Wire

OCTOBER 16, 2024

Mortgage applications decreased 17% from one week earlier as mortgage rates surged, according to data from the Mortgage Bankers Association ’s (MBA) weekly application survey for the week ending October 11, 2024. Demand is holding up to an extent for prospective first-time buyers.

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Mortgage Inventory Buyers Marketing 521

Housing Wire

OCTOBER 23, 2024

Stubbornly high rates have hindered mortgage demand , but at least it’s better than it was a year ago. Mortgage applications decreased 6.7% from one week earlier, according to data from the Mortgage Bankers Association ’s (MBA) weekly applications survey for the week ending Oct. Refinances comprised 45.7% a week earlier.

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Mortgage Inventory Buyers Marketing 476

Housing Wire

DECEMBER 30, 2024

Home prices finished 2024 up a few percent nationally and mortgage rates are at their highest level in seven months back over 7% as we head into January. In fact, at $2,290, the typical mortgage payment for homebuyers is starting this next year at the highest level ever. fewer than a week prior. Its the holidays, of course.

Housing Market 543

Housing Market Marketing New Listings Inventory 543

Appraisal Buzz

NOVEMBER 26, 2024

As 2025 draws near, mortgage rates are once again in the news. Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” This means that buyers have the upper hand in negotiations.

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Housing Market Tenants Marketing Mortgage 396

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

Housing Wire

APRIL 5, 2025

Mortgage rates recently hit a year-to-date low, coinciding with ongoing market disruptions from tariffs. In fact, if mortgage rates head toward 6%, we will have a positive year here. Last year, we saw mortgage rates increase from 6.63% to about 7.50%, leading to challenges in the purchase application data.

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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

Appraisal Buzz

NOVEMBER 21, 2024

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2024 shows mortgage applications for new home purchases increased 8.2 However, the FHA share remains elevated at almost 29 percent, driven by a high share of first-time home buyers still active in this segment of the market.”

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Mortgage Buyers Contracts Construction 370

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. Given the unrelenting mortgage costs, generally weak homebuyer demand, and the year’s rising supply of unsold homes, I’ve been expecting home prices to recede a bit in the second half of this year. They have not.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

OCTOBER 25, 2024

s largest metros, a monthly mortgage payment is less expensive than the average rent. In Chicago , the typical rent payment is $2,074 per month, but a monthly mortgage payment is $1,640 – a savings of nearly $434 a month by owning rather than renting. With inventory up 22% compared to a year ago, buyers are gaining bargaining power.

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Inventory Buyers Mortgage Tools 476

Housing Wire

DECEMBER 18, 2024

Mortgage applications declined 0.7% 13, driven by slight decline in refinance activity, according to data released Wednesday by the Mortgage Bankers Association (MBA). The decline in applications broke a five-week streak of increases in mortgage demand. Adjustable-rate mortgage (ARM) activity remained steady at 5.3%

Mortgage 395

Mortgage Contracts Government Inventory 395

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

DECEMBER 23, 2024

New home sales grew over last month in the latest Census report , but homebuilders are now facing a supply issue their inventory is building up. When mortgage rates decline, sales improve, but it becomes more challenging for builders and buyers when rates rise. It doesnt help that mortgage rates have risen recently.

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Construction Inventory Mortgage Development 525

Housing Wire

MARCH 2, 2024

The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. The idea is that nobody will trade their low mortgage rates to buy another home — even though this happened every week last year. With mortgage rates higher, will this stop inventory from growing year over year?

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Inventory Mortgage New Listings Housing Market 535

Housing Wire

JANUARY 27, 2025

Recently, weve shared that the inventory of unsold homes is growing. In recent weeks, home sales also faltered in the face of 7% mortgage rates. 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. this week is $421,000.

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Inventory Sellers New Listings Contracts 396

Housing Wire

NOVEMBER 4, 2024

Last year was weak as mortgage rates were hitting 8%. 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.

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Inventory New Listings Sellers Contracts 396

Housing Wire

JANUARY 6, 2025

At the same time, mortgage rates jumped back over 7%. What were trying to track are what the real-time signals are telling us about homebuyers and 7% mortgage rates. Inventory fell There are 635,000 single-family homes unsold on the market now. Inventory falls quickly over the holidays, so this week has 2.4%

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Inventory New Listings Contracts Sellers 448

Housing Wire

MARCH 18, 2025

However, after that decline and when mortgage rates started to fall late in 2022 home sales rebounded all the way back to 741,0000. Active existing inventory hit all-time lows after Covid , benefitting builders The homebuilders’ biggest competition is the active inventory from the existing home sales market.

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Construction Inventory Housing Market Mortgage 410

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 New Listings Law Sellers 518

Housing Wire

JANUARY 20, 2024

Housing inventory, new listing data and mortgage rates are all rising, but the price cut data percentages are falling. I will watch for rising mortgage rates to see if they change the weekly data. I will watch for rising mortgage rates to see if they change the weekly data. So far, so good in 2024.

Inventory 541

Inventory Mortgage New Listings Sellers 541

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%

Inventory 396

Inventory Realtors Buyers Contracts 396

Housing Wire

DECEMBER 9, 2024

If 2024 was a rollercoaster, 2025 is shaping up to be a championship gameand every buyer , seller and homeowner has a shot at winning big. Although no person can truly predict mortgage rates for there are several factors involved; Industry forecasts predict interest rates will hover between 5.5% A Mortgage Agency.

Mortgage 370

Mortgage Sellers Real Estate Buyers 370

Housing Wire

APRIL 27, 2024

Active weekly housing inventory growth slowed slightly last week, but it’s still running at a healthier clip than in 2023. I have a simple model with mortgage rates being above 7.25%: weekly inventory data should grow between 11,000-17,000 per week. We have now seen it for two weeks as inventory grew by 13,247.

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Inventory Housing Market Marketing New Listings 514

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. above the U.S.

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Housing Market Marketing Inventory Government 418

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. million units. year over year.

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Marketing Inventory Construction Realtors 370

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

Appraisal Buzz

MARCH 11, 2025

As buyers become serious about property looking before their summer vacation and the start of the new school year in the fall, search traffic usually peaks before Memorial Day. Sellers can list their house when the most buyers are seeking by focusing on late spring. Homes listed in the final two weeks of May sold for 1.6%

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Sellers Buyers Inventory Housing Market 393

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.

Inventory 526

Inventory New Listings Contracts Mortgage 526

Housing Wire

MARCH 10, 2025

The unsold inventory of homes on the market across the country is 28% greater than last year at this time. Withdrawals keep a lid on inventory growth. That suggests a shadow inventory of homes that want to be sold but the market isnt there for it. Last year at this time, mortgage rates were heading higher to peak in May at 7.5%.

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Inventory New Listings Housing Market Sellers 407