article thumbnail

Real estate’s strong 2023 housing market finish: Altos

Housing Wire

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.

article thumbnail

Is the housing market finally turning a corner?

Housing Wire

Watch the weekly housing market recap video above to get the latest housing market data download from Altos Research. Meanwhile, there are 66,000 new, single-family listings this week, with 11,000 of those already under contract. Don’t have time to watch the full video? If rates fall, inventory will drop again as demand heats up.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Real estate momentum slows as interest rates rise again: Altos

Housing Wire

Those metrics, specifically the pace of new listings and new sales contracts, slowed this week. New listings and new contracts both still show a bit of improvement over 2023, but the growth rates have slid back down. The state of California had 20% more contracts started last week than the same week a year ago. Just 31.4%

article thumbnail

Are home sellers finally coming back to the market?

Housing Wire

Contracts growing We continue to see the new contracts grow each week: There were 7.7% more new contracts started this week than the same week a year ago. The market was contracting all the way until October, but is now reliably expanding. There are still far fewer sellers each week than in the pre-pandemic era.

Sellers 442
article thumbnail

The strong spring real estate market will surprise you: Altos

Housing Wire

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. Download the free Altos eBook: “How to Use Market Data to Build Your Real Estate Business”

article thumbnail

Promising signs abound for 2024 housing market

Housing Wire

Home prices will also be up and we have more homes under contract than we did at the end of 2022. Download the free Altos eBook: “How to Use Market Data to Build Your Real Estate Business” It’s looking like we’ll end 2023 with higher housing inventory than this time last year. All in all, things are looking up for the U.S.

article thumbnail

Home sales are growing. Will it continue?: Altos

Housing Wire

Homes in contract rises There are more homes in contract now than last year at this time. Sales growth is not guaranteed This week there were 56,000 contracts started for single-family home purchases. Home sales grow There are now 276,000 single family homes in contract — 5% more than last year at this time.

Contracts 411