This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Despite the frequency of departures, real estate agents in the state say the housingmarket remains strong. On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. Statewide, the housingmarket has a 90-day average Altos Market Action Index score of 44.18
Its hard to imagine something more disruptive to a housingmarket than a hurricane. 9, housingmarkets in the Tampa area came to a complete halt as sellers took their homes off the market. 9, housingmarkets in the Tampa area came to a complete halt as sellers took their homes off the market.
Despite 2025 housingmarket predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. HW: What housing trends do you think will continue in 2025 and why? JL: Housinginventory has been climbing in recent months.
The housingmarket got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. The turbulence in rates has trickled down to individual markets like Cincinnati, where real estate agents say they dont know what to expect from sale to sale.
In its 2025 Industry Survey , Redfin dug deeper into how real estate agents view their careers, the housingmarket, and other hot-button industry issues. The ongoing lack of inventory (42.8%) and declining commissions (42%) are also significant challenges. rating it as a major concern.
No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housinginventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We
26 in Dallas, provided valuable insights into the forces shaping the mortgage and housingmarkets in 2025. With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle.
He emphasizes the importance of a diverse product portfolio including DSCR and business-purpose loans, to better serve clients. Davis believes that by aligning with the right lender and expanding product offerings, originators can position themselves as valuable partners in a shaky market. Rehabs will be invaluable to reopen inventory.
Real estate agents across the country have made it clear – low inventory and low mortgage rates have kept them busy throughout the pandemic, especially in typical vacation destinations. That trend is holding true for the housingmarket in Hawaii, located about 2,500 miles west of the mainland. They were just here last week.”.
These are the words real estate agents use when asked to describe the current state of the market and what it’s like to buy a home today. Buyers are facing unprecedented challenges, they say, due to a confluence of housingmarket conditions: Pricing. Lack of inventory. We don’t have any inventory.
Simultaneously, persistently high housing costs have driven pending home sales down by 4.2% 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.
After heating up like the rest of the country, the Louisiana housingmarket has continued to cool since interest rates began to rise in the second half of 2022. Another indicator of the slower market conditions is the statewide rise in inventory.
The updates include a customizable HousingMarket Data tool that gives users the power to customize charts and data on the HousingWire site and a gifting tool that allows subscribers to share news and articles with people in their network without a HousingWire subscription.
Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housingmarkets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. year-over-year. year-over-year. Presented by: Radian.
Why sales are falling through Redfin said several factors are contributing to the spike in failed transactions: Rising supply , falling demand : Housinginventory has climbed to its highest level since 2020, giving buyers more choices. These markets remain seller-friendly, with low inventory and limited buyer alternatives.
The Des Moines housingmarket has had a record-setting year for home sales, which local Realtors credit to low mortgage rates, the work from home phenomenon and Des Moines’ affordable lifestyle. Stewart also said her clients want acreage and bigger yards because everyone is inside at home, working or schooling.
Forecasts for the housingmarket in 2025 are not that rosy, but Ryan McKeveny and Brian Hale see this as a good thing for the years ahead. Housinginventory is key Inventory is important in making the housingmarket more affordable, but it’s more complicated than just building more houses, McKeveny said.
Warmer summer weather has brought cooler housingmarket conditions to Montana. The market right now just feels like it’s a bit lukewarm,” said Brian Huskey , a Billings, Montana-based ERA American Real Estate agent. This was the slowest June we’ve seen in many years in our market,” Durham, a luxury-focused agent, said.
As of March 29, the San Francisco-Oakland-Fremont metropolitan area was the fourth-hottest housingmarket in the country. The Bay Area metro had a 90-day average Market Action Index score of 61.19, according to data from Altos Research. Altos considers anything above a Market Action Index of 30 to be a seller’s market.
Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housingmarket is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey.
As mortgage rates fluctuate based on decreasing housinginventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. This trend had a profound impact on the housingmarket. Career Institute.
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 Out in Wise, Virginia, near the westernmost tip of the state, RE/MAX Cavaliers agent Brett Tiller and his clients are also struggling to find suitable properties.
While Northwest Ohio ’s housingmarket has remained fairly strong in recent months, local real estate 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
Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housingmarket — 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.
And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housingmarkets are still crazy right now. I’ve had many conversations with clients of mine from late April through early July, the market was total pandemonium. Very, very unique.”.
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. Editor’s note: This is the third in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, which was decided on Oct.
Despite the population decline, Illinois’ housingmarket remains relatively strong. The state has an Altos Research Market Action Index score of 44, which is above the national score of 39. Altos considers anything above 30 to be indicative of a seller’s market. As of Feb. Across the state, as of Feb.
Local agents say this is one of the main reasons why the state is struggling with housinginventory. As of June 14, the state had a 90-day average of 10,393 single-family active listings on the market. Despite the state’s tight inventory, the housingmarket is not as hot as one might expect.
Known for its rural communities, quaint towns, scenic lakes and mountain vistas, New Hampshire is probably not where you would expect to find one of the nations hottest housingmarkets but the data says otherwise. 18, with a market action index score of 55.77. We need to get 6,000 or 7,000 homes on the market a month.
Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. The loss of population has softened housing demand, as has the rapid rise in mortgage rates that began in the spring of 2022. Despite dropping the price to $625,000 from $650,000, it sat for another 45 days with no offers.
Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housingmarkets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housingmarkets. The market is just insane,” she said. “I
Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. One of Dicker’s clients this past weekend backed out of a $295,000 houmese purchase in Michigan this past weekend. But the boom times are over, and he knows it. And he’s far from alone.
The acquisition gives Compass a firm footprint of high-end homes in an area with an expensive housingmarket. We are confident that aligning with Compass unlocks clear benefits for WFPs agents and their clients, offering them access to innovative programs, cutting-edge technology , and more inventory within our combined network.
Unlike many other metropolitan areas across the country , the housingmarket in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings.
neighborhood, housingmarket, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.
However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housingmarket to the very recent history of the last two years. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5
Local housingmarkets is a HousingWire magazine feature spotlighting housing trends and data across the country. I absolutely love the Columbia Basin and the reason is that we are a unique market. The combination of these factors has resulted in a hot housingmarket. A score of 30 denotes a balanced market.
Surveyed professionals also pointed to finding investor clients and have had success with products such as non-qualified mortgages ( non-QM s), down payment assistance programs (DPAs) and home equity line of credits ( HELOC s). About 37% of respondents were spending money in social media and 34.8% in events to garner business. Roughly 47.4%
The Federal Reserve ‘s effort to temper inflation has cooled the housingmarket that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housingmarket is the strength in new-home sales. While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5%
Vacation areas and luxury housingmarkets aren’t the only ones benefitting from a wave of pandemic buyers : southeastern locales are also filling up. months’ worth of inventory, down 53.5% Because inventory is so low, Bond said she’s been encouraging her clients to sell sooner rather than later. “My
Builders feel more confident in the market, housinginventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. The sector outlook reflects expectations for a slowing economy in 2023, with a modest increase in unemployment and potential pricing corrections in the housingmarket.
Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housingmarkets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housingmarkets. Conway, Arkansas. Rochester, New York.
housingmarket was relatively slow in 2024, experts say the luxury sector was an outlier and they are anticipating even stronger conditions in 2025. According to The Trend Report released Monday by Coldwell Banker s Global Luxury program, the brands luxury property specialists expect more luxury buyers to reenter the market in 2025.
I’m going to start by making Rate the absolutely best place for every single loan officer to work at figuring out ways in which we can develop them, give them all the skills, the coaching , the mentoring and the tools, so they can have an amazing business, but also better serve all their clients and all their partners.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content