Appraisal Buzz

DECEMBER 30, 2024

Year-over-year, contract signings increased in all four U.S. NARs Pending Home Sales Index (PHSI)a forward-looking indicator of home sales based on contract signingsadvanced 2.2% A PHSI reading of 100 is equal to the level of contract activity in 2001. regions, with the West leading the pack. in November. a year earlier.

Contracts 435

Contracts Inventory Buyers Sellers 435

Appraisal Buzz

OCTOBER 30, 2024

increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, The amount of contract activity in 2001 is represented by an index of 100. Year-over-year, contract signings grew in the Northeast and West and were unchanged in the Midwest and South. September saw a 7.4%

Contracts 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

MAY 28, 2024

There were 72,000 new listings unsold and another 18,000 listings that are already under contract (i.e., Pending sales There are 404,000 single-family homes in contract now. A few thousand more homes are under contract to close in June than there were a year ago. There were also 68,000 new contracts started this week.

Inventory 534

Inventory New Listings Contracts Sellers 534

Housing Wire

SEPTEMBER 30, 2024

The number of homes under contract across the country has risen for the last few weeks. Pending home sales climb There are 362,000 single-family homes under contract. We’re showing 6% more homes in contract now than last year. Homes stay under contract for 30 to 40 days. The rate of home sales is picking up!

Mortgage 459

Mortgage Contracts Inventory New Listings 459

Housing Wire

MARCH 22, 2024

For the most part we are saying, at a minimum, we want a four- to six-month contract because the buying process can be a lengthy process,” said Amy Breach, a broker with the Seattle-based and Keller Williams -branded The Hill Team. But the Washington state contracts come with the option to make the relationship exclusive or nonexclusive.

Buyers 497

Buyers Contracts Real Estate Agents 497

Housing Wire

JANUARY 2, 2024

We have more homes going into contract each week now than we did a year ago — supply and demand are climbing together. New homes under contract When we look at all the homes in the contract pending stage, we’ve crossed a growth threshold there too, finally. There are now 258,000 single family homes in contract.

Housing Market 531

Housing Market Marketing Inventory Contracts 531

Housing Wire

JUNE 3, 2024

These are the homes that go into contract immediately after listing. Only 17% of the new listings went immediately into contract this week. Of the 76,000 new listings, 13,000 are already in contract. Pending sales There are 406,000 single-family homes in contract, just 1% more than a year ago.

Inventory 516

Inventory Contracts New Listings Sellers 516

Housing Wire

DECEMBER 11, 2024

Weekly pending contracts Now that we see how sales can grow with mortgage demand and purchase applications, let’s look at how it tracks into our weekly pending contract data. We have observed that pending contracts improved when mortgage rates dropped to around 6%.

Contracts 454

Contracts Housing Market Inventory Mortgage 454

Housing Wire

OCTOBER 7, 2024

The suit alleges that if the homeowner agreed to take part in MV Realty’s program, “a third-party notary with no information about the contract was sent to the home, where the homeowner was presented with a multi-page contract with small font and confusing legal jargon for the first time and told to sign.”

Realty 448

Realty Contracts Legal Brokerage 448

Housing Wire

JANUARY 6, 2025

The defendant argues that some of the plaintiffs likely entered into contracts with HomeServices subsidiaries or franchisees that included mandatory arbitration provisions, meaning that their contract explicitly requires disputes to be resolved through arbitration instead of court.

Contracts 425

Contracts Law Legal Real Estate 425

Housing Wire

NOVEMBER 27, 2023

There were 58,000 new listings this week, with 10,000 of those homes already under contract as immediate sales. Pending sales make a surprising jump Here’s the surprising data point that stands out: Each week, we’re seeing more new contracts started than last year at this time. We had 52,000 new pending sales this week.

New Listings 508

New Listings Contracts Inventory Housing Market 508

Housing Wire

APRIL 1, 2024

Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. That brings us to 367,000 single-family homes in the contract pending stage. That’s 18% growth over last year when we include the immediate sales that were newly listed and are already in contract.

Inventory 488

Inventory New Listings Contracts Sellers 488

Appraisal Buzz

JULY 31, 2024

The rise in housing inventory is beginning to lead to more contract signings,” said Lawrence Yun, NAR Chief Economist. A measure of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) increased to 74.3 The level of contract activity in 2001 is represented by an index of 100. in the South, 4.7%

Contracts 397

Contracts Inventory Buyers Housing Market 397

Housing Wire

AUGUST 27, 2024

Dubbed the “Contingency Buster,” the product uses its Purchase Price Guarantee (PPG), a binding backup contract that if a homebuyer’s current home does not sell within 150 days, the fintech will purchase it at an agreed-upon price, the company said in a release Tuesday.

Contracts 465

Contracts Real Estate Agent Real Estate Buyers 465

Housing Wire

MAY 13, 2024

New listings Slightly fewer new listings hit the market this week — 69,000 single-family homes that are newly listed, plus another 20,000 listed that are already under contract. Pending sales The total count of homes under contract is just barely above that of May 2023. And there are only 2% more homes in contract now than a year ago.

New Listings 500

New Listings Contracts Inventory Sellers 500

Housing Wire

MAY 6, 2024

These are new listings that are already under contract, so they’re not counted in the active inventory. In fact 28,000 of these listings went into contract immediately, compared to 22,000 now. There are only 3% more homes in contract now than at this time last year. More home sellers are coming back to the market each week.

Inventory 476

Inventory Contracts Sellers New Listings 476

Housing Wire

MARCH 25, 2024

We can measure home sales in real time by tracking all the homes that moved to contract pending status this week. They’ll spend 30 or 40 days in contract and the sales will mostly close in April or May. There were 67,000 new contracts for single family homes this week compared to only 62,000 in the same week last year.

New Listings 511

New Listings Inventory Contracts Sellers 511

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. New pendings The holiday weekend pushed a few contracts out later too. Meanwhile, homes are spending just under 40 days in contract now. They don’t have to fall.

Inventory 493

Inventory Contracts New Listings Sellers 493

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. The Northeast was the only region to see a decline in contract signings, with a drop of 3% month over month and 3.9%

Contracts 482

Contracts Housing Market Construction Inventory 482

Housing Wire

SEPTEMBER 9, 2024

For every two homes going into contract each week, there’s a third withdrawn for lack of an offer. With another 12,000 new listings that are already in contract. Pending home sales keep a lid on inventory For each of the new contracts pending, there’s a third home withdrawn from the market. The other reason is the withdrawals.

Sellers 482

Sellers Inventory Contracts New Listings 482

Housing Wire

JULY 8, 2024

There were another 16,000 new listings that are already under contract as immediate sales — that’s 87,000 total sellers this week. Pending home sales up There were 68,000 new contracts started for single-family home sales this week. This week recorded 8% fewer contracts than a year ago.

Inventory 482

Inventory Contracts Sellers New Listings 482

Housing Wire

AUGUST 25, 2024

Agently Brokerage pricing: $459 per month for up to 20 users Contract required: None Integrations: Follow Up Boss, Sierra Interactive, kvCORE, Chime Agently is a gamified agent productivity app that simplifies agent onboarding, accountability and training to help agents stay motivated to hit sales goals. Here are our three top picks for 2024.

Real Estate 434

Real Estate Brokerage Contracts Training 434

Housing Wire

OCTOBER 7, 2024

Pending home sales continue to climb There are 362,000 single-family homes under contract. This is measuring the total count of homes that are under contract now. We’re showing 6% more homes under contract now than last year. Homes stay under contract for 30 to 40 days. It was just under a 1% increase this week.

Housing Market 476

Housing Market Marketing Mortgage Contracts 476

Housing Wire

OCTOBER 21, 2024

Pending home sales up There were 60,000 single-family homes which took offers and went into contract this week across the country. That’s 9% more than last year and in fact 11% more sales contracts started than the same week in October 2022. Overall, there are 358,000 single-family homes in contract. right now is $439,900.

Sellers 468

Sellers Inventory New Listings Contracts 468

Housing Wire

JULY 15, 2024

That’s a very small number of new listings that took offers and went into contract immediately. There were 58,000 new contracts this week — about the same level as the last two years over the holiday. There are 382,000 total single-family homes in contract now. These pending contracts are the proxy for what’s selling.

Housing Market 497

Housing Market New Listings Marketing Mortgage 497

Housing Wire

DECEMBER 18, 2024

Originally filed in October by Maurice Muhammad, a broker at Progressive Realty , the suit claims that NAR, along with other Realtor associations and executives, have violated federal civil rights statutes, engaged in unlawfuldiscriminatorypractices, breached their contracts, created a monopolistic system and broken federal antitrust laws.

Realtors 397

Realtors Contracts Law Realty 397

Housing Wire

OCTOBER 3, 2024

In order to do this, Team formed EMC, and a former colleague formed Aika, which subsequently obtained a contract to build the software for KW. But according to the counterclaim, Aika funneled some of the money it received as part of the contract back to Team through EMC.

Contracts 432

Contracts Legal Technology Real Estate 432

Housing Wire

JANUARY 15, 2025

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances and 30-year fixed-rate mortgages backed by the FHA both saw increases for jumbo loans it was an increase to 7.05% from 6.99%, and for FHA loans the interest rate reached 6.76% from 6.65%. The V A share shrunk to 15.7% from 16.2%

Mortgage 370

Mortgage Contracts Marketing 370

Housing Wire

OCTOBER 21, 2024

GNMA and TCB signed no contract explicitly acknowledging GNMA’s rights in the tails,” the judge wrote, later adding that “a contract providing for the power to extinguish did exist. The contract that satisfies the statute is the Guaranty Agreement between RMF and GNMA.

Contracts 446

Contracts Law Mortgage Legal 446

Housing Wire

OCTOBER 28, 2024

The median price of the homes that went into contract this week — these are the new purchase offers with contracts pending — is now 6% greater than last year. These are the homes that got listed for sale and took offers and went into contract within just a few days of listing. Home prices ticked up this week.

Inventory 475

Inventory New Listings Sellers Contracts 475

Housing Wire

APRIL 29, 2024

In addition to a higher number of new listings, there were also more new contracts started this week than in any week in 2023. Plenty of homes are receiving offers and going into contract immediately upon being listed — 21,000 this week, or 22.5% There were 76,000 new contracts started this week for single-family homes in the U.S.

Sellers 508

Sellers Marketing Inventory Contracts 508

Housing Wire

JANUARY 13, 2025

Pending home sales drop There were just under 41,000 newly pending contracts for single-family homes this week. There are just 252,000 single-family total homes in the contract pending stage. Home prices a smidge lower The median price of the homes that started contract for sale this week is just under $375,000.

Sellers 415

Sellers Inventory New Listings Contracts 415

Housing Wire

JUNE 18, 2024

NOVAD, which held the HUD HECM servicing contract for assigned loans from 2014 to 2022 , worked with Sutherland to form the HECM loan servicing operation on behalf of HUD. Celink was awarded the HECM servicing contract in 2022. NOVAD filed a protest in June of that year, but Celink assumed the contract in December.

Contracts 448

Contracts Property Taxes Government Law 448

Housing Wire

APRIL 22, 2024

There were 71,000 new contracts started for single-family homes this week. There are now 385,000 single-family homes under contract. New sales started this week saw 7% growth while the total number of homes under contract saw 5% growth. The homes under contract now will mostly close in April and May. That jumped by 2.4%

Inventory 531

Inventory New Listings Contracts Sellers 531

Housing Wire

DECEMBER 28, 2024

2023: 35% 2022: 38% Weekly pending sales The latest weekly pending contract data from Altos Research offers valuable insights into real-time trends in housing demand. Over the last 10 weeks of the year, there has been an increase in year-over-year pending contracts compared to 2022 and 2023 despite rising mortgage rates.

Inventory 514

Inventory Housing Market Marketing New Listings 514

Housing Wire

JANUARY 14, 2025

About 10% of appraisals come in under the contract price. If you did not make that 20% time adjustment in July, you would never get the right contract price, because the December value would appear above market, Liss said. Many of those were incorrectly low, Liss wrote.

Appraisal 370

Appraisal Contracts Finance Marketing 370

Housing Wire

JUNE 27, 2024

An index of 100 is equal to the level of contract activity in 2001. Pending sales are a forward-looking indicator of home sales based on contract signings, so two consecutive months of declining pending home sales suggest a negative outlook for sales activity,” Odeta Kushi , First American’ s deputy chief economist, said in a statement.

Inventory 501

Inventory Contracts Realtors Buyers 501