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. New listings go up This year continues to have slightly more sellers than last year but fewer than we used to get in past years. Home prices ticked up this week.

Inventory 475

Inventory New Listings Sellers Contracts 475

Housing Wire

AUGUST 13, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday released an advisory opinion stating that contracts for deed are under federal home lending rules and should provide consumer protections. According to a CFPB, sellers typically target low-income borrowers, particularly in Black, Hispanic, immigrant, and religious communities.

Contracts 481

Contracts Mortgage Law Sellers 481

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 397

Mortgage Inventory New Listings Contracts 397

Housing Wire

FEBRUARY 24, 2025

New listings To get a lot of homes on the market though we need some sellers. In total, it was another week with fewer home sellers that last year. Its hard to grow inventory too much when there arent many sellers. Demand is slower so more of the sellers are sitting on the market. Thats not a ton. more than a year ago.

Inventory 489

Inventory New Listings Sellers Contracts 489

Housing Wire

JANUARY 30, 2025

Compared to a month prior, contract signings fell 5.5% An index reading of 100 is equal to the level of contract signings in 2001. After four straight months of gains in contract signings, one step back is not welcome news, but it is not entirely surprising, Lawrence Yun, NARs chief economist, said in a statement. in the West.

Contracts 426

Contracts Housing Market Buyers Realtors 426

Housing Wire

SEPTEMBER 9, 2024

We’re also seeing more home sellers withdrawing their listings to try again next year. For every two homes going into contract each week, there’s a third withdrawn for lack of an offer. Sellers may try the market, not find any takers and then decide not to sell. With another 12,000 new listings that are already in contract.

Sellers 482

Sellers Inventory Contracts New Listings 482

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. The bearish take is that there are many more sellers than buyers and inventory is rising. of the market.

Sellers 508

Sellers Marketing Inventory Contracts 508

Housing Wire

OCTOBER 28, 2024

While Monestier, who reportedly sold her Rhode Island home in 2022 and is part of the affected class, believes sellers were paying “inflated commissions,” she feels that prior to the settlement changes going into effect, the rules governing the industry were “clear and confusion did not reign supreme.”

Business 468

Business Sellers Realtors Buyers 468

Housing Wire

FEBRUARY 3, 2025

The checklist covers such broad areas and topics as: organizational structure; litigation; compliance ; intellectual property; real property; financial and tax; labor and employment; material, vendor, and software contracts; insurance; and customers. Is the seller subject to a probationary review? This is a potential minefield.

Mortgage 417

Mortgage Contracts Insurance Sellers 417

Appraisal Buzz

APRIL 3, 2025

The spring housing season is beginning with more sellers and a growing number of homes for sale, said Danielle Hale, Chief Economist at Realtor.com. Data also suggest that pricing competitively is key for sellers in todays environment. more unsold properties overall, including those under contract. year-over-year. But as 17.4%

Inventory 335

Inventory Buyers Contracts Sellers 335

Housing Wire

NOVEMBER 18, 2024

New listings One way reason it will be hard for inventory to grow more than 17% next year is that there are still not enough sellers to get there. When we add back in another 7,500 new listings with immediate sales — those are already in contract and not added to the active inventory — overall that’s just 3% more sellers than a year ago.

Housing Market 448

Housing Market New Listings Marketing Inventory 448

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

DECEMBER 19, 2023

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. Could we see new inventory from distressed sellers if we see a deep recession?

Sellers 482

Sellers Marketing Inventory Contracts 482

Housing Wire

NOVEMBER 4, 2024

This week, we count 14% more homes in the contract pending stage now than a year ago. When you include the 9,400 immediate sales, the total is 13% more sellers than a year ago. Last year at this time, the market was in deep retrenchment — both buyers and sellers were walking away. Sellers could dip again next week.

Inventory 394

Inventory New Listings Sellers Contracts 394

Housing Wire

DECEMBER 16, 2024

New listings When we look at the sellers entering the market, there were 45,000 new listings last week. That is 14% more home sellers listing their properties in December than the same week a year ago. This quantity of sellers is more similar to the pre-pandemic years than weve seen in a long time. more than a year ago.

Inventory 418

Inventory Housing Market Marketing Sellers 418

Housing Wire

JUNE 24, 2024

Sellers can just wait it out, and it looks like the U.S. I think it’s worth examining if sellers will indeed just wait it out now. That is 13% more sellers than last year at this time, but it’s not expanding any more this summer. The pace of sellers has plateaued for the year. housing market is seeing that now.

Inventory 455

Inventory Sellers New Listings Property Taxes 455

Appraisal Buzz

JUNE 10, 2024

There seems to be continued debate among appraisers, reviewers, and underwriters regarding seller concessions. A particular point of contention in this debate is whether or not it is appropriate to adjust seller concessions on a dollar-for-dollar basis. You just learned the basics of handling seller concessions!

Sellers 418

Sellers Real Estate Appraisal Finance 418

Housing Wire

APRIL 15, 2025

In total, there are now nearly 2% more homes in contract nationally than a year ago. A new variable this spring is that there are also more sellers coming to market each week than there have been in five years. Total unsold inventory is up, and the weekly pace of new sellers adding to that inventory is up too. More sellers?

Housing Market 434

Housing Market Marketing Inventory Sellers 434

Housing Wire

JANUARY 27, 2025

Home sellers and listing agents know where demand is for homes. Meanwhile, the median price of the new contracts pending this week came in at $384,700, which was a slight jump from last week. More sellers are facing an absence of buyer demand, prompting them to reduce their asking price. At this time last year, it was 31%.

Inventory 394

Inventory Sellers New Listings Contracts 394

Housing Wire

DECEMBER 30, 2024

The homes that went under contract took 43 days to do so the slowest pace since 2019. “I explain to sellers that their house will sit on the market if its not fairly priced. There is some hope for potential buyers and sellers if mortgage rates decline. .” According to the report, 54.5%

Inventory 488

Inventory Sellers Housing Market Contracts 488

Housing Wire

MARCH 25, 2025

-based Consumer Policy Center (CPC) warns that the common practice of percentage-based real estate commissions may be a financial disadvantage for home buyers and sellers. The report is titled How Percentage-Based Commissions Can Harm Home Buyers and Sellers and What They Can Do About It.

Agents 357

Agents Buyers Sellers Real Estate 357

Housing Wire

APRIL 5, 2025

Additionally, our weekly pending contract data and new listings are trending positively compared to last year. Weekly total pending sales The latest weekly total pending contract data from Altos offers valuable insights into current trends in housing demand.

Mortgage 533

Mortgage New Listings Inventory Housing Market 533

Housing Wire

FEBRUARY 12, 2024

There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. There were 66,000 new listings this week, of which 14,000 are already in contract. Sellers are coming back to this housing market. 14,000 of those new listings are already in contract.

Sellers 466

Sellers Housing Market Buyers New Listings 466

Housing Wire

JANUARY 6, 2025

In those times, we just had far more buyers than sellers. So lets take the opportunity to look at a slightly different view of seller volume. These are new listings that take offers within a couple days of listing and go into contract immediately. There are 260,000 single-family homes in contract right now. Thats only 2.3%

Inventory 448

Inventory New Listings Contracts Sellers 448

Housing Wire

MARCH 3, 2025

That comes to 2% more unsold new listings and actually 5% fewer sellers overall than in 2024. Thats three out of the last four weeks with fewer sellers now than in 2024. I like this view because even though there are fewer sellers overall, more of the listings are actually adding to active inventory. greater than a year ago.

New Listings 370

New Listings Inventory Contracts Sellers 370

Appraisal Buzz

OCTOBER 31, 2024

A History of Policy Change In mid-March of this year, NAR announced an agreement to resolve litigation over broker commission claims asserted on behalf of home sellers. Traditionally, sellers paid the buyer’s agent commission as well as their own agent’s commission. Now we’re negotiating commission more frequently.”

Real Estate Agent 386

Real Estate Agent Real Estate Agents Sellers 386

Housing Wire

DECEMBER 9, 2024

Supply growth could also come from more sellers, such as investors or distressed borrowers unloading. However, in most of the country, we have no growth from the seller side. In Florida and Texas, we see the rising costs of insurance , taxes and climate risk driving some sellers. more sellers than the same week a year ago.

Housing Market 418

Housing Market Marketing Inventory Sellers 418

Appraisal Buzz

NOVEMBER 22, 2024

Conversely, the subsequent contraction of inventory in June was mirrored by a diminished sales volume. Some 34% of specialists say they foresee a shift by sellers away from aspirational pricing strategies. A slight increase in luxury home inventory is expected, 59.3% of responding specialists agreed. Among specialists, 32.8%

Buyers 417

Buyers Luxury Properties Marketing Inventory 417

Housing Wire

FEBRUARY 26, 2024

We still see more sellers than last year. And sure enough the number of new contracts started this week dipped. We are in the normal range with price reductions, meaning sellers are generally fine, generally getting their prices. More sellers with price cuts than a year ago. But that sales growth rate is fragile too.

Sellers 468

Sellers Inventory New Listings Contracts 468

Housing Wire

FEBRUARY 4, 2025

Within the platform’s dashboard, clients can view documents like offers, appraisals, listing contracts, open houses and more. Sellers have access to all offers. Opponents of CCP say it limits seller choice, the choice being whether to list their home on the MLS.

Clients 402

Clients Brokerage Advertising Sellers 402

Housing Wire

OCTOBER 18, 2024

Sellers can tap into their current home equity in a bid to buy another property without coming up with cash for a down payment. But the PPG serves as a backup contract that requires Calque to purchase the home at an agreed-upon price if they can’t sell it within 150 days.

Mortgage 448

Mortgage Buyers Contracts Finance 448

Housing Wire

MARCH 31, 2025

Because each week we have 815% more sellers than last year, the total inventory will continue to build unless and until demand shifts dramatically, which would require notably lower mortgage rates. There are more sellers each week, and there are more sales, but the supply side is growing faster than demand. Those do not seem imminent.

New Listings 452

New Listings Inventory Housing Market Sellers 452

Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. Median days to pending, the typical time from initial list date to pending status for homes that went under contract during a month, is at 13 days in May, which is unchanged from April. in 2024 before falling 1.4%

Sellers 397

Sellers Buyers New Listings Home Value 397

Housing Wire

MARCH 22, 2024

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. If you want a shot at generating seller leads online, you need one, too.

Real Estate 448

Real Estate Sellers Real Estate Agent Tools 448

Appraisal Buzz

MARCH 14, 2025

There are about five times more home sellers than buyers, meaning its a buyers market, said Connie Durnal, a Redfin Premier Agent in the northern suburbs of Dallas. Thats why Im telling all of my sellers that its crucial to price their homes competitively. Pace of Sales Hits Five-Year Low The typical U.S.

Contracts 393

Contracts HOA New Listings Real Estate Agent 393

Housing Wire

NOVEMBER 23, 2024

Weekly pending sales The Altos Research weekly pending contract data provides insights into real-time demand. Even today, the pending contract data remains resilient despite higher home prices and mortgage rates than last year. Last week saw 2% week-to-week growth but was down 1% year over year. Weekly inventory change (Nov.

Mortgage 514

Mortgage Inventory New Listings Contracts 514

Housing Wire

AUGUST 1, 2024

But it will be their sellers who make the decision on an offer of compensation to a buyer broker. In the agreement, sellers have the option to choose to pay their listing broker an exact dollar amount, a percentage of the gross purchase price of the property or an undefined “Other.”

Sellers 448

Sellers Buyers Agents Law 448