Housing Wire

APRIL 29, 2024

The weekly volume of new listings is now higher than at anytime last year. 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. orate further?

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Sellers Marketing Inventory Contracts 481

Appraisal Buzz

SEPTEMBER 5, 2024

With the total number of homes on the market at its greatest point since May 2020 and interest rates about to start declining, buyers will have more options this autumn. Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% Gains in new listings were observed in July (8.4%).

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Sellers Housing Market Buyers Marketing 397

Housing Wire

DECEMBER 30, 2024

However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. 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.

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Housing Market Marketing New Listings Inventory 543

Housing Wire

JUNE 29, 2024

The rules of supply and demand economics always end up winning and weekly new listing data is key. New listing data is growing year over year, but it will be the second-lowest new listing data ever recorded in history. With more sellers who are buyers, we have a tad more demand this year.

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New Listings Inventory Contracts Sellers 380

Housing Wire

JANUARY 20, 2025

But if buyers and sellers were compelled to transcribe their inaction, it would read like a sociopaths diary entry: We could have watched you grow up, but your grandpa and me werent willing to give up our 2.875% rate to move closer to you. You walk in to a new listing with a price and a plan. Inaction is easy. Prices too.

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Sellers Buyers New Listings Finance 285

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. million active listings, but at just 1.28 Home prices ebb and flow, pricing was working in the sense that sellers met homebuyers to a degree. The post The standoff between homebuyers and sellers appeared first on HousingWire.

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Sellers Inventory Housing Market New Listings 514

Housing Wire

FEBRUARY 26, 2024

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. Each week, there are more new listings than a year ago, allowing inventory to build and eventually leading to more home sales this year than last. But we’re not there yet.

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Sellers Inventory New Listings Contracts 436

Housing Wire

JULY 22, 2024

will be significant enough move in rates to move the needle for buyers. New listings rise This week saw 69,000 new single family listings unsold. There were another 15,000 new listings that are already in contract, which is very low for immediate sales recently. Freddie Mac reported rates at 6.8%.

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Buyers Inventory New Listings Sellers 442

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

JUNE 20, 2024

year-over-year, representing the largest drop in over four months—according to a new study from Redfin. Buyers are also avoiding earlier stages of the house-hunting process. Buyers are retreating primarily due to high home costs. Conversely, new listings remain near historic lows. New listings are up 7.7%

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Buyers New Listings Sellers Mortgage 397

Appraisal Buzz

NOVEMBER 22, 2024

“It’s gratifying to see many of the trends that we identified in January holding true and new ones taking shape halfway through the year,” Michael Althea, VP of Coldwell Banker Luxury , said. As evidence, “a notable uptick in sales was observed from January to May, coinciding with the introduction of new listings,” according to the report.

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Buyers Luxury Properties Marketing Inventory 417

Housing Wire

APRIL 5, 2022

New listings have not kept up with the large number of families looking to buy, leading to homes selling quickly and often above list price,” Nothaft said. This imbalance between an insufficient number of owners looking to sell relative to buyers searching for a home has led to the record appreciation of the past 12 months.

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Sellers Inventory New Listings Real Estate 482

Housing Wire

JULY 29, 2022

metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%

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Housing Market Sellers Marketing New Listings 421

Sacramento Appraisal Blog

JANUARY 30, 2024

That pretty much describes sellers. But in 2024 there’s a flicker of hope as sellers have thawed out just a bit. UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright […] The post Are sellers finally starting to thaw out? Any thoughts?

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Sellers Appraisal Marketing New Listings 405

Sacramento Appraisal Blog

MAY 2, 2023

Sellers have been sitting out of the housing market, and it’s made a massive difference in 2023 so far. Today I want to show what’s happening with new listings and talk about concessions. I hope this is useful, whether you’re local or not. Scroll by topic or digest slowly.

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Sellers Housing Market Buyers Marketing 280

Housing Wire

SEPTEMBER 15, 2023

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. of homes that went under contract that month, according to a new report from Redfin. A lot of sellers are also willing to let buyers slip away because they don’t want to concede to repair requests,” Morre said.

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Buyers Mortgage New Listings Real Estate 424

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. and 48.7%, respectively.

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Housing Market Buyers Marketing Inventory 418

Housing Wire

JUNE 24, 2024

Sellers can just wait it out, and it looks like the U.S. I think it’s worth examining if sellers will indeed just wait it out now. New listings unchanged You can see the continuation of that theme with the new listings volume each week. There were 72,000 new single-family listings unsold this week.

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Inventory Sellers New Listings Property Taxes 366

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

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Housing Market Buyers Agents Marketing 426

Housing Wire

DECEMBER 13, 2024

Our new listing data for that time period shows there were between 250,000 and 400,000 new listings per week as many sellers with underwater mortgages were forced into a distressed market. Underwater mortgages are a proper barrier for sellers more so even than mortgage rates.

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Sellers Mortgage New Listings Realtors 343

Housing Wire

APRIL 25, 2024

“I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We There is no way you can stay on top of things unless you hire someone to watch new listings pop up every 10 minutes. Buyers are really struggling.” We couldn’t even see it.

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Buyers Marketing Inventory Investors 410

Housing Wire

MARCH 11, 2024

The suspicion was that there were a bunch of sellers who were waiting to sell: Once rates fell these sellers would come rushing back to this real estate market and we’d finally see inventory grow. Second, because people think of home sellers as being locked-in by high interest rates. That’s 15% growth over the pace of 2023.

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Inventory Sellers New Listings Real Estate 513

Sacramento Appraisal Blog

FEBRUARY 7, 2023

There is so much talk about buyers sitting on the sidelines right now, but let’s talk about sellers who are also sitting. This is a local trend, but it’s something showing up in many markets across the country also.

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Sellers Housing Market Marketing Real Estate 351

Housing Wire

APRIL 1, 2024

At the same time, seller volume dried up. But now sellers are coming back into the market. New listing volume last week was 18% more than a year ago. NAR reported 33% all cash buyers, which is the most since 2014 when buyers were still cleaning up distressed properties. More sellers means more sales in 2024.

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Inventory New Listings Contracts Sellers 487

Appraisal Buzz

JUNE 3, 2024

According to a new report from Redfin, nationwide, 6.4% of home sellers cut their asking prices during May, the highest share since November 2022. Buyers have found some relief, however. Buyers who can get by with less space should consider a condo; they’re relatively unpopular right now and many are going under asking price.”

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Sellers Renovations Buyers New Listings 305

Housing Wire

JUNE 18, 2024

A slight uptick in new listings has taken some of the pressure off sales prices as buyers have more options to choose from. Redfin data shows that new listings new listings were up 0.3% Despite these increases, new listings are still roughly 20% below pre-pandemic levels.

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New Listings Sellers Buyers Mortgage 404

Housing Wire

FEBRUARY 5, 2024

This is not a recipe to keep the home buyer momentum we saw building in December. Remember that the way to more selection for home buyers is with higher mortgage rates. Spring buyers’ market It’s the spring buyers market and inventory is falling each week. There are more buyers than sellers.

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Mortgage Inventory Sellers New Listings 438

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. Last week there were 52,000 new listings for single-family homes unsold. of the homes on the market.

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Housing Market New Listings Marketing Inventory 442

Housing Wire

JUNE 21, 2023

Unlike a typical spring homebuying season in which sellers are also looking to buy a home, people trying to relocate into a bigger or smaller home in the Mid-Atlantic region made up a relatively small share of the housing market. of sales were rental or investment properties or second homes , according to a survey of 1,063 listing agents.

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Sellers Investing Inventory Buyers 303

Housing Wire

MAY 20, 2024

The second dynamic to watch here is how many sellers are cutting their prices each week. Both dynamics are elevated this year: more of the homes on the market have taken price cuts and the slope is pretty steep — meaning more homes each week are cutting prices because they don’t have offers from buyers.

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Inventory New Listings Sellers Contracts 428

Housing Wire

DECEMBER 3, 2020

Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market. The divide between supply and demand is striking: compared to last year, total new listings increased.22%,

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Inventory Housing Market Marketing New Listings 546

Housing Wire

SEPTEMBER 13, 2022

Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter. It wasn’t the rate move that caught my attention — it was the new listing data. As you can see below, that sharp move to 6.25% caused new listing data to stall at first.

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Mortgage Inventory New Listings Sellers 521

Housing Wire

JULY 8, 2024

Massachusetts and New York, for example, are still just coming off the record tight markets of the pandemic, but that trend is changing — finally. New listings show 12% more sellers than a year ago When we look at the new supply hitting the market each week, we see the same trend we’ve had for a few months.

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Inventory Contracts Sellers New Listings 468

Housing Wire

MARCH 25, 2024

I like to point out that consumers are more sensitive to changes in mortgage rates than to the absolute levels, and since rates are now basically unchanged for the month, just easing down from the early March peak of 7.2%, sellers and buyers are tip-toeing back into the market. More sellers means more sales will happen.

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New Listings Inventory Contracts Sellers 496

Housing Wire

OCTOBER 31, 2023

At least, that’s what the data seems to suggest as inventory grows and new listings decline at a less aggressive rate than last year. New listings decline isn’t as steep as a year ago There were only 53,000 new listings (single-family homes) unsold this week, plus 10,000 more new listings that are already in contract.

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New Listings Inventory Contracts Housing Market 483

Housing Wire

FEBRUARY 20, 2024

Even as money is more expensive and there are more sellers than a year ago, we can also see slight home sales growth over 2023. New listings rise New listings continue to show us that more sellers are interested in this market this year. Is new supply growing out of balance with demand?

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Mortgage Inventory Sellers New Listings 497

Housing Wire

JANUARY 8, 2024

Sellers are coming back There are 499,000 single-family homes unsold on the market now. There are slightly more sellers each week. Last year, was marked by how few sellers there were. We can expect to have more sellers all year. Sales were held back for lack of sellers. Home price signals are increasing too.

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Real Estate Marketing Inventory New Listings 506