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

FEBRUARY 12, 2024

Each week — for several months now — inventory levels of unsold homes on the market has been expanding compared to last year. Even as inventory declined this week, it’s relatively growing compared to a year ago. This week, inventory fell by half a percent. There are still notably not a lot of sellers. But it is growing.

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Sellers Housing Market Buyers New Listings 426

Housing Wire

JULY 10, 2024

Anything under $300,000 or $350,000 has really good activity, but above that, I think interest rates have really affected buyers in those price ranges,” said Eddie Campos, the president of Northwest Ohio Realtors and an associate at RE/MAX Preferred Associates. “I 1 challenge for his buyers is the current inventory situation.

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Inventory Buyers Agents Inspection 385

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate 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%

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Inventory Buyers Agents Real Estate 441

Housing Wire

MARCH 4, 2024

At HousingWire , we have a debate about whether home sellers will freeze up again this year as mortgage rates stay stubbornly high. We’ve had seller growth for 18 weeks in a row. More sellers means more sales. And as a result, as inventory builds , the sales growth trend shows signs of slowing. So that rule holds.

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Inventory Sellers Buyers Real Estate 500

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%

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Sellers Buyers Inventory Real Estate Agent 516

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. This probably reflects seller discouragement in a low-demand market, pulling their listings to wait until next year.

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Inventory Marketing Sellers New Listings 444

Housing Wire

MARCH 11, 2024

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.

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Inventory New Listings Sellers Real Estate 516

Housing Wire

AUGUST 19, 2024

Unsold inventory of homes for sale has been on the rise all year. It hasn’t turned the corner yet — inventory rose across the country this week — but at less than 1% rate. There are some signs that inventory growth is slowing with newly lower mortgage rates and the end of the summer. There’s no sign of any big surge in sellers.

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Inventory New Listings Sellers Buyers 360

Housing Wire

JULY 8, 2024

There have been a few markets; however, that have defied the national trends where inventory has stayed tighter and demand keeps rolling in. Available inventory of unsold homes in the U.S. Inventory rose just over 1% this week Available inventory of unsold single-family homes rose by just over 1% this week to 653,000.

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Inventory Contracts Sellers New Listings 481

Appraisal Buzz

SEPTEMBER 13, 2024

With buyer demand notably slow this year, the inventory of unsold homes is expected to continue its climb through the end of Q3, and possibly into Q4, according to a recent study from Altos Research. Looking forward, the real estate market is likely to remain challenging for sellers as inventory grows and buyer demand stays muted.

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Inventory Real Estate Marketing New Listings 397

Housing Wire

APRIL 1, 2024

At the same time, seller volume dried up. But now sellers are coming back into the market. Total available inventory is gradually climbing about 1% per week — last year it was still declining in April. As we roll into the second quarter, we should have accelerating inventory growth each week. That’ll feel like a lot!

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Inventory New Listings Contracts Sellers 488

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.

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Inventory Sellers Buyers 251

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, Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. It represents a 3.1%

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Inventory Buyers Sellers Inspection 494

Housing Wire

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. Housing inventory climbed late in the year as mortgage rates rose.

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Sellers Marketing Inventory Contracts 478

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 531

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. The bearish take is that there are many more sellers than buyers and inventory is rising.

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Sellers Marketing Inventory Contracts 503

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 499

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. So far the weekly high print in 2024 is only 72,329.

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Inventory New Listings Contracts Mortgage 526

Appraisal Buzz

SEPTEMBER 16, 2024

According to Zillow’s most recent market report , reduced mortgage rates and more inventory are providing house buyers with a window of opportunity at an uncommon time of year. Buyers have more options to choose from for two reasons. Beyond that, more inventory is becoming available enough to improve buyer negotiating power.

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Buyers Inventory New Listings Home Value 396

Appraisal Buzz

JULY 24, 2024

This trend is contributing to a glut of unsold inventory. The growing number of homes sitting on the market without finding buyers is attributed to record-high home prices and elevated mortgage rates in the 7% range, which are deterring potential buyers. The rise in stale inventory is most pronounced in Texas and Florida.

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Inventory Marketing HOA Contracts 433

Housing Wire

AUGUST 14, 2024

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. This gave sellers the upper hand, but the market has turned in recent months. This has taken power away from sellers, who now face a shortage of potential buyers.

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Buyers Housing Market Marketing Sellers 446

Appraisal Buzz

JUNE 12, 2024

Even though inventory has been increasing, many home buyers are still sitting on the sidelines, with some likely waiting for mortgage rates to decrease before they make a purchase, a report from Zillow shows. Inventory is accumulating, rising 22% over last year and reducing the pandemic-era deficit.

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Inventory Buyers New Listings Sellers 195

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. 2022: 19.2%

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Inventory Housing Market Marketing New Listings 513

Housing Wire

OCTOBER 3, 2023

As housing inventory builds in the housing market due to waning buyer activity, home prices show little to no signs of letting up. Inventory continues to move up Available inventory of single-family homes for sale this week rose to 535,000 units, up 1.2% None of the inventory increase is from a surge of sellers, though.

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Inventory Sellers Buyers New Listings 434

Housing Wire

SEPTEMBER 5, 2024

It was the 10th straight month of annualized growth and for-sale inventory is now at its highest level since May 2020. The widely anticipated Fed rate cut has already ushered in lower mortgage rates, but it seems that some buyers and sellers are waiting for additional declines,“ Realtor.com chief economist Danielle Hale said in a statement.

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Inventory Buyers Sellers Mortgage 453

Housing Wire

FEBRUARY 26, 2024

Inventory is rising across the country as home-buying affordability takes another hit. As demand slows, inventory grows. Last year at this time, we were seeing surprising home buyer demand with rates having fallen to the low 6s. We still see more sellers than last year. This the first inventory increase of the year.

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Sellers Inventory New Listings Contracts 461

Housing Wire

MAY 23, 2024

The market continues to grapple with insufficient inventory , Redfin reported. New listings have risen approximately 8% compared to last year, yet overall inventory remains below typical spring levels.

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Inventory Sellers New Listings Buyers 431

Housing Wire

AUGUST 2, 2024

properties sold at foreclosure auction, showed that this trend is being fueled by rising levels of inventory on the retail market. Data from Altos Research found that the inventory of single-family homes for sale was up 40% year over year at the end of July.

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Inventory Retail Buyers Renovations 453

Housing Wire

APRIL 8, 2024

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. Here’s how 2024 is shaping up: There are now more listings, more active inventory and more sales than a year ago. Inventory will climb again with this week’s data.

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Inventory Contracts New Listings Sellers 489

Appraisal Buzz

JULY 9, 2024

The market is trending slightly in the direction of becoming more buyer-friendly thanks to these factors. While the quantity of homes on the market still trails pre-pandemic levels, home buyers are seeing more options to choose from as inventory increases,” said Danielle Hale, Chief Economist for Realtor.com. vs. June 2019).

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Housing Market Buyers Marketing Inventory 418

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.

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Inventory Sellers Buyers Marketing 497

Housing Wire

MAY 17, 2023

.” Incenter Diligence’s due diligence team creates a tailored review scope for each buyer or seller based on factors such as seasoning, geography, performance, and other key portfolio attributes. “Buyers and sellers need a diligence firm that can customize reporting in a timely manner.

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Sellers Buyers Clients Technology 358

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. Of my initial expectations this year — rising inventory, rising sales rates, rising prices — only rising inventory remains clear at this moment as we finish Q1 with rising interest rates. As we started 2024, the signals in the U.S.

Inventory 453

Inventory New Listings Sellers Contracts 453

Housing Wire

JULY 22, 2024

Inventory sees a big jump There was a pretty big inventory jump of 2.6% We’re rebounding inventory after the holiday, so it’s not that much of a surprise, and it’s less of a jump than what was happening at this time in 2022. will be significant enough move in rates to move the needle for buyers. Keep a look out for that.

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Buyers Inventory New Listings Sellers 474

Housing Wire

JUNE 5, 2023

Tightening credit availability, elevated rates, inventory shortages and strengthening home prices are adding to affordability challenges, the report notes. One key contributor to the affordability challenges is dwindling inventory nationwide. Since the start of 2023, inventory has deteriorated in 95% of major markets, the report notes.

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Inventory Buyers Housing Market Mortgage 416

Housing Wire

APRIL 15, 2024

How will homebuyers and sellers react and how quickly can we measure it? Higher mortgage rates have forced available inventory to climb all year. Housing inventory There are now 526,000 single-family homes active unsold on the market. jump in unsold inventory in a week is very notable. This concept is counter-intuitive.

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Inventory Mortgage New Listings Sellers 442