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Tight inventory is challenging Illinois’ ‘steady Eddie’ housing market

Housing Wire

McCormick said the usual steadiness of the states housing market and Chicago s relative affordability compared to other large cities are major draws for many of her clients. In order to alleviate some of the pressure on buyers, agents like JD Gieson would love to see more inventory come on the market. As of Jan.

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Home prices stay elevated as inventory lags: Redfin 

Housing Wire

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. Simultaneously, persistently high housing costs have driven pending home sales down by 4.2%

Inventory 495
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What real estate leaders need to know about the 2025 housing market

Housing Wire

Despite 2025 housing market predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. I do not think this trend will go away overnight, even with mortgage rate stability and new inventory in the market. Home building is expected to increase in 2025.

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Tom Davis shares non-QM opportunities to capitalize heading into 2025

Housing Wire

He emphasizes the importance of a diverse product portfolio including DSCR and business-purpose loans, to better serve clients. Close one loan for a real estate investor and you have a repeat client for life! Ground-up construction growth will be high to meet the population growth and meet the demand due to limited inventory.

Investors 448
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How has Tampa’s housing market fared since Hurricane Milton?

Housing Wire

Real estate agents in the area put their business interests aside , and many reported helping their clients board up their homes and ensure they were prepared for the aftermath. While all five cities showed an inventory drop during the weeks immediately before and after the hurricane, the largest declines were less than 10%.

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How realtors can leverage micro-market shifts to drive urgency and capitalize on opportunities in a challenging market

Housing Wire

With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. His message to realtors is clear: now is the time to educate clients and take advantage of market inefficiencies to unlock success in Q4. When demand rises faster than inventory, prices will surge.

Realtors 370
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Tight inventory and frustrated buyers challenge agents in Virginia

Housing Wire

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.

Inventory 459