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 530

Housing Market Marketing Inventory Contracts 530

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 443

Mortgage Contracts Inventory New Listings 443

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 488

Buyers Contracts Real Estate Agents 488

Housing Wire

JANUARY 20, 2025

New contracts for home purchases are coming in very low this month. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. Buyer activity has been dropping for several weeks and there are now fewer homes in contract than a year ago. When will that be? I have no idea.

Mortgage 311

Mortgage Inventory New Listings Contracts 311

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 487

Inventory New Listings Contracts Sellers 487

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

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 501

New Listings Contracts Inventory Housing Market 501

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 492

Inventory Contracts New Listings Sellers 492

Housing Wire

DECEMBER 27, 2024

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Real Estate 322

Real Estate Brokerage Contracts Tools 322

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 479

Contracts Housing Market Construction Inventory 479

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 499

New Listings Inventory Contracts Sellers 499

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 471

Inventory Contracts Sellers New Listings 471

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 468

Sellers Inventory Contracts New Listings 468

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 473

Inventory Contracts New Listings Sellers 473

Housing Wire

SEPTEMBER 26, 2024

A reading of 100 is equal to the level of contract activity in 2001. NAR chief economist Lawrence Yun attributed the modest uptick in contract signings to improved housing affordability due to lower mortgage rates. … However, contract signings remain near cyclical lows even as home prices keep marching to new record highs.”

Contracts 361

Contracts Realtors Housing Market Mortgage 361

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 406

Realty Contracts Legal Brokerage 406

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 489

Housing Market New Listings Marketing Mortgage 489

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 443

Housing Market Marketing Mortgage Contracts 443

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 432

Inventory Contracts Sellers New Listings 432

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 508

Inventory Housing Market Marketing New Listings 508

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 485

Sellers Marketing Inventory Contracts 485

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 495

Inventory Contracts Realtors Buyers 495

Housing Wire

JANUARY 8, 2024

There are now 247,000 single family homes in contract. That is 4.25% more homes in contract now than last year at this time. New contracts up New contracts were 13% more than last year during the first week of January. Sales were held back for lack of sellers. So the sales rate is already growing for 2024.

Real Estate 507

Real Estate Marketing Inventory New Listings 507

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 431

New Listings Contracts Inventory Sellers 431

Appraisal Buzz

JANUARY 17, 2025

of homes that went under contract that month. Homes Sold at the Slowest December Pace in Five Years The study also found that the typical home that went under contract in December was on the market for 49 daysthe slowest December pace since 2019. of homes went under contract within two weeksthe lowest share in five years.

Contracts 397

Contracts New Listings Real Estate Agent Mortgage 397

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 369

Contracts Housing Market Inventory Mortgage 369

Appraisal Buzz

JULY 24, 2024

Nearly two-thirds (64.7%) of homes on the market in June had been listed for at least 30 days without going under contract, according to a new report from Redfin, a technology-powered real estate brokerage. This marks an increase from 59.6% year-over-year, the largest annual rise in a year and the highest share for any June since 2020.

Inventory 435

Inventory Marketing HOA Contracts 435

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 354

Appraisal Contracts Finance Marketing 354

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 380

Real Estate Brokerage Contracts Training 380

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 420

Sellers Inventory New Listings Contracts 420

Appraisal Buzz

NOVEMBER 27, 2024

NAR’s Pending Home Sales Index (PHSI)–a forward-looking indicator of home sales based on contract signings–rose 2% to 77.4 An index of 100 is equal to the level of contract activity in 2001. It’s encouraging to see contract signings increasing in all major regions of the country,” said Yun. in October. in October, up 2.5%

Contracts 418

Contracts Inventory Mortgage Buyers 418

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 387

Contracts Real Estate Agent Real Estate Buyers 387

Housing Wire

JULY 26, 2024

Payload has designed a tool to help agents bill their buyer clients. The tool offers flexible payment operations, allowing clients to choose from multiple payment methods including credit card, mobile wallets or ACH, and itemized invoices.

Tools 458

Tools Buyers Agents Contracts 458

Housing Wire

AUGUST 6, 2024

Pending home sales up The number of new contracts ticked up a couple percentage points this week to 66,000, with another 13,000 condo sales started. This is the count of all the contracts started for home sales in a given week. These homes were on the market and are now in contract. This makes sense, of course.

Mortgage 475

Mortgage Inventory New Listings Contracts 475

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 484

Inventory New Listings Contracts Sellers 484

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 419

Inventory New Listings Sellers Contracts 419

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 400

Contracts Property Taxes Government Law 400