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There are obviously fewer buyers who can afford these prices. One reason that home prices have stayed elevated is that inventory nationally is still restricted. But if current trends continue, the inventory shortage will be effectively gone by next spring. Inventory Available inventory of unsold single-family homes in the U.S.
Despite 2025 housing market predictions changing fast , there are still key themes and trends for realestate leaders to watch to best serve their clients and business. 26 in Dallas to hear her full session on realestate brokerage economics. JL: Housing inventory has been climbing in recent months.
And while the slower sales pace may not be great news for realestate professionals, it has resulted in an uptick in inventory , which is good news for homebuyers. For-sale inventory at the end of September was 1.39 month supply of unsold inventory, up from 4.2 million, up 1.5% months in August and 3.4
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%
Despite the frequency of departures, realestate agents in the state say the housing market remains strong. On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. I would say there are more buyers out there now than there were pre-pandemic when the rates were lower.
Realestate agents often make the mistake of believing their clients will remember them forever but they dont. Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. Summary What is a realestate newsletter?
Dallas -based United RealEstate has announced another strategic expansion in the Carolinas. Charlotte -headquartered United RealEstate Queen City will open a new affiliate location in Fort Mill, South Carolina. For-sale inventory is up 17.1% South Carolina itself has become more attractive for homebuyers in 2024.
As realestate practitioners adjust to the practice changes that took effect in August, and the industry waits for final approval of the NAR settlement from the court in November, questions continue about seller offers of compensation. In a bidding war, cash buyers and investors will win, and first-time buyers will lose.
There is an endless supply of realestate statistics out there, but what the heck do you do with all of them? Stats are the fuel to the fire of the realestate market and will make you exude confidence in conversations with potential clientsmaking them feel confident in hiring you to represent them.
As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. Jaro is committed to saving time and money lenders in a constantly-evolving realestate market.
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.
Predictive analytics in realestate combines the use of historical data and algorithms to anticipate future market trends and identify potential sellers sometimes even buyers, too. Realestate agents can use this data to identify motivated sellers and people who are likely to buy a home.
We had to take back some properties where we dont have a large realestate operation, so we didnt want to keep them, said Sims, general partner at Constitution Lending , a Connecticut-based realestate lender providing fix-and-flip and long-term loans to realestate investors. million registered users.
Statara Solutions has expanded its Statara Media Platform to include digital audio advertising, allowing realestate professionals, associations and advocacy groups to target audiences through podcasts and streaming radio. The update was rolled out after months of beta testing. ” .” ”
31, 2023, and has since reshaped the business practices for realestate brokerages and agents across the country. 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. Since the new terms went into effect nationwide on Aug.
As we near the fourth quarter of 2024, the traditional peak of the home-buying season has passed, and the realestate market is entering a period of transition. This growing inventory is expected to persist until October, driven by elevated mortgage rates that are keeping many potential buyers on the sidelines.
Those too young to remember the wild west of realestate believe that realestate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This paradigm shift significantly benefited all parties involved.
Timing is crucial in a difficult realestate market, and this year, the Realtor.com Best Time to Sell study indicates that the best time for sellers to discover the best balance of market circumstances is between April 13 and April 19. fewer sellers on the market than the usual week of the year, according to a typical inventory trend.
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.
A large majority of homeowners (88%) have concerns about selling their homes, with financial uncertainty and housing market conditions ranking among their top fears, according to a recent survey by Clever RealEstate. months of inventory at the current sales pace compared to the national median of 2.8
Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. Realestate investors tend to be more insulated from these dynamics, particularly from mortgage rates, as they are more likely to buy properties with cash.
The realestate market has seen a lot of unusual trends in the past couple of years, so it makes sense that youd want the latest market update before you make any major decisions! The realestate professionals make their best predictions based on data, but no one can know whats going to happen with 100% accuracy.
No matter where you are in the state, realestate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I I have buyers that are looking, but to find a house that you love enough to pay a high price for — and to be at over a 6.5%
While Northwest Ohio ’s housing market has remained fairly strong in recent months, local realestate agents say things become a bit more complicated when you segment the market by price point. For Fleischmann’s buyer clients, mortgage rates really seem to be a problem when houses need updates. “If For Campos, the No.
With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Shallis, with over three decades of experience in the realestate industry has helped realtors, buyers, and sellers navigate all types of market conditions.
More than half of the hottest markets had median home prices below the national median, suggesting that buyers are prioritizing cost-effective options. Inventory is down for us about 33% compared to this time last year. There’s only about a two-month inventory in Haddonfield. Its just the way it is.
During the conversation, the group discuss realestate market challenges, the value of being a part of an association, and growth areas for associations in 2025. Velt: We’ve got challenges with housing inventory, interest rates and a new administration. This episode has been edited for length and clarity.
Miami stands as one of the most dynamic and valuable realestate markets in the United States. This places Miami among the top-tier realestate markets in the country, attracting both local and international buyers and driving intense competition among realestate agents. As of Sept. Click Here
For years, the realestate industry has been caught up in battles over commissions, lead generation, and who controls access to listings. But because AI is about to reshape how buyers and sellers interact with listings entirely. Nobody is harmed if AI aggregates listings from multiple sources, sharing them directly with buyers.
More inventory should shake loose in 2025, giving buyers a bit more room to breathe. Americans are adapting to sky-high costs by embracing coziness, a term that for so long has been a thinly veiled critique in realestate lingo,” Olsen adds. Many are also viewing renting as a longer-term lifestyle.
Coldwell Banker is brand affiliate of Anywhere RealEstate, which has publicly stated that it wants the policy to be reformed rather than repealed. The reasoning behind all of this is simple to grow their business regardless of how it may harm buyers and sellers, Lane wrote. Lane offered more thoughts in her op-ed.
realestate scene with its rapid growth and increasing appeal to homebuyers. This inventory has only fueled competition among the city’s realestate professionals. million in sales to stand out in the Queen City’s realestate scene. As of Sept. million in annual sales. Click Here
The trend is most pronounced in Atlanta, Las Vegas, Houston, and parts of Florida , where increasing housing supply is leading to a buyers market. With less competition, some buyers are backing out during the inspection period, hoping for a better deal. Some buyers are getting cold feet with everything going on in the world.
Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The only way inventory would grow in 2024 is if mortgage rates climbed. But the evidence is the opposite.
31, 2023, and has since reshaped the business practices for realestate brokerages and agents across the country. What does a realestate reporter do to mark the one-year anniversary of the Sitzer/Burnett jury verdict ? Funny you should ask.
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.” There is no doubt that buyers will experience several highs and lows during the course of the year. Zillow predicts 4.3
After tumbling over the past few months, existing-home sales are giving realestate and mortgage professionals a reason to smile. The worst of the downturn in home sales could be over, with increasing inventory leading to more transactions,” NAR chief economist Lawrence Yun said in a statement. Inventory was up 19.1%
Rocket Companies has unified its realestate search platform with its mortgage lending platform to create a single resource where home buyers can search and purchase homes, making the process swifter and more efficient. The post Rocket Unifies its RealEstate Search and Home Financing Platforms appeared first on MortgageOrb.
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.
And as a result, as inventory builds , the sales growth trend shows signs of slowing. We know that these higher mortgage rates are deterring buyers, and inventory is building. Will higher rates keep a cap on inventory like it did a year ago? Inventory is up in lock step. But will rates deter sellers also?
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%
The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the realestate market from various perspectives: brokerage leaders, mortgage professionals, and realestate agents. Agents Low inventory : 37% of agents identified low inventory as their biggest challenge.
The team was brokered at Douglas Elliman since 2020 and works across all sectors of the realestate market, from multimillion-dollar mansions to starter homes. Leahy cited access to exclusive inventory through Compass Private Exclusives as a reason for the move. ” In 2023, Leahy and her team did $167.6
housing market 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). For first-time buyers, this number jumps to 64%.
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