This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
housing market has shown signs of slowing, demand remains strong in key Midwest and Northeast cities, where homes are selling weeks faster than the national average, according to Realtor.com s Hottest Markets Report for February. There’s still a lot of first-time homebuyers in the market too. They keep the market healthy.
But when confronted with volatility in the markets, advisors who are more concerned with the risk of loss might start to slowly open themselves up to more conversations. While most of the broader tariffs have since been delayed by at least 90 days , theyre not all lifted and the market reacted tepidly in active trading on Thursday.
We are definitely seeing signs of seasonality, but the market isn’t blazing hot either. Historically, the housing market really picks up in March, so let’s talk about that (and touch base on condos). That’s a good way to describe the spring season so far.
The housing market got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. The turbulence in rates has trickled down to individual markets like Cincinnati, where real estate agents say they dont know what to expect from sale to sale. A substantial drop in new listings is a contributing factor.
Notably, the neighborhood section has vanished, replaced by a section titled Market. The new market section in the report demands specific data points, charts, and minimal commentary. The updated definitions are provided below, along with their corresponding definitions from the Appraisal Institute.
The Federal Communications Commission (FCC) first established that companies and individuals sending marketing calls or texts must have prior express written consent before issuing a call or a text in 2012.
Stats are the fuel to the fire of the real estate market and will make you exude confidence in conversations with potential clientsmaking them feel confident in hiring you to represent them. This proves your expertise to clients and allows you to provide them with knowledge about the real estate market.
Of the 201 markets that reported price gains, 32 of them (or 14%) recorded double-digit appreciation, double the 7% share in the third quarter. When it comes to the markets with the highest median price, eight of the top 10 in Q4 2024 were in California. The top-three markets included San Jose ($1.92 Nearly 90% of U.S.
Nominations for HousingWires 2025 Marketing Leaders award are open now through April 30, 2025. Click here to nominate a Marketing Leader. Great marketing doesnt just sell a product it shapes industries, builds trust, and drives real impact. “The [award] meant a tremendous amount to me and the entire marketing team.
Batey for having the foresight and understanding that this is a wonderful program, and it is definitely a resource, Riddick said when reached by RMD. Working in this arena, you see all kinds of different markets, and the common denominator is that once a senior is in that stage of life, it remains and continues to be an opportunity.
Cooler fall temperatures have brought less intense housing market conditions to the once white-hot market of Bergen County , New Jersey. “We We are seeing some price drops start to happen and a little bit longer days on market.” Fontantella isn’t the only one seeing slower market conditions in Bergen County. as of Sept.
In addition to the slowing job growth, the cooling labor market conditions were also evident in a 0.2 The risk of an economic recession remains low, but the pullback in private-sector employment suggests that higher borrowing costs and uncertainty are definitely having an impact,” Sturtevant said in a statement.
Living alone is definitely not as valuable as love. As of December 2024, the average rent in Boston was $3,002, over 53% more than the national average, making it one of the most costly rental markets in the U.S. The post The Price of Independence: Singles Tax Forcing Buyers Out of the Market first appeared on The MortgagePoint.
Unlike a lot of forecasters in the mortgage world, a few months ago our projection included the notion that with strong jobs data and some inflation fears, the bond market could indeed push mortgage rates over 7%. Those scenarios are possible, and its going to be fascinating to see how the bond markets react to new administration policies.
announced Monday that they’ve entered into a definitive merger agreement, which provides for an all-stock business transaction between the two entities. Mechanics Bank and HomeStreet Inc. The company confirmed that its existing shareholders will receive common stock in HomeStreet in exchange for their Mechanics Bank shares.
In an episode of HousingWire ‘s RealTrending podcast in March 2024, RedKey Realty CEO Jill Butler said her definition of a successful brokerage lies in talent management. Louis housing market. RedKey recorded 1,327 home sales in 2022, with its highest-value sale reaching $2.85 million, according to the St. Louis Business Journal.
Stresses differ by property type and subtype, geographic market and submarket, loan type and vintage, borrower type and more. The increases varied by capital source and were driven by the particularities of each individual loan and property.
According to the most recent quarterly report from the National Association of Realtors (NAR), home prices increased in nearly 90% of metro markets (201 out of 226, or 89%) in Q4 of 2024, while the 30-year fixed mortgage rate varied between 6.12% and 6.85%. with six of the markets found in the Midwest. With a 2.1% regions in Q4.
on Thursday announced that Blue Ridge Bank has entered into a definitive asset purchase and sale agreement to sell certain assets of its mortgage division. Monarch Mortgage provides mortgage banking services, including the origination and processing of residential mortgages primarily for sale on the secondary market.
If a called party uses any such method designated by the caller to revoke consent, we consider that consent to be definitively revoked by a reasonable means, and future robocalls and robotexts from that caller must be stopped.”
MarketingMarketing is essential for building awareness and staying competitive in the title industry, yet many professionals struggle to find the time. In fact, 88% of marketers now believe their organization must increase its use of AI to meet customer expectations and remain competitive.
As of June 14, the state had a 90-day average of 10,393 single-family active listings on the market. Despite the state’s tight inventory, the housing market is not as hot as one might expect. Despite the state’s tight inventory, the housing market is not as hot as one might expect. You are seeing a more conservative aggression.
If called back to the office full-time, 25% of remote workers said they would probably or definitely have to relocate. In more far-flung markets, where demand soared during the pandemic, market conditions likely will be weaker as more workers are pulled back into the office.
Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing market. “I
There are three big trends in the spring 2025 housing market: Supply continues to build. There are lots of markets around the country where home prices are already below last year at this time, but the national average has remained positive so far. 2025 has more homes on the market with price cuts than any March in the last decade.
Warmer summer weather has brought cooler housing market conditions to Montana. The market right now just feels like it’s a bit lukewarm,” said Brian Huskey , a Billings, Montana-based ERA American Real Estate agent. Altos considers anything above a Market Action Index score of 30 to be a seller’s market. from 44.75
Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I There is also some pent-up desire to sell being released by a steadier interest rate environment and an overall slower market. It is definitely a significant concern and issue,” Smith said.
The real estate market in China, both commercial and residential, have been unwinding over the last few years. Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff. some luxury residential markets that saw an influx of Chinese buyers could be particularly vulnerable. In the U.S.,
Much of this work was conducted on large national listing portals, but I also utilized Altos Research market reports to track home-price and inventory trends in my search area of southern New Hampshire. While I absolutely could have begun my home search with an agent, as a reporter covering the space, I know how busy agents are.
Last year was a tough one for the Indiana real estate market. In mid-June 2023, the statewide 90-day average Altos Market Action Index score hit a high for year of 53.99, before sliding down to a trough of 40.03 Altos considers anything above a reading of 30 to be a seller’s market. in mid-January 2024. as of February 29, 2024.
housing market is split into two groups: first-time buyers struggling to enter the market and current homeowners buying with cash,” said Jessica Lautz, NAR Deputy Chief Economist and VP of Research. “The First-time buyers decreased to 24% of the market share (32% last year). What Does the Typical U.S. Homebuyer Look Like?
Local markets is a HousingWire magazine feature spotlighting housing trends across the country. However, even Louisville’s active housing market has slowed down recently. “I According to Ridenour Lindsey, as the market has cooled, she has noticed fewer all-cash offers being made. What happened to the market?’”
While there is no doubt that the Florida housing market has slowed since the height of the post-pandemic homebuying boom, the state’s condominium market has been especially hard hit, according to local agents. “It It has definitely slowed,” said Cyndee Haydon , a Seminole-based agent for Future Home Realty.
For the past 13 years, the Tech100 program has provided housing professionals with a definitive list of the most forward-thinking organizations in the industry. From streamlining lending operations to elevating the real estate experience, their innovations are paving the way for a more efficient and dynamic housing market.
Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. “A small offset or decline in home values, which we are starting to see, (…) can help that consumer who’s in the market for the first time,” Brown said.
Each week — for several months now — inventory levels of unsold homes on the market has been expanding compared to last year. But home sellers are gradually easing back into this housing market. Sellers are coming back to this housing market. They essentially bypass the active market. A year ago it fell by 3% in the week.
The trough for the mortgage origination market is nearing an end point and 2024 is shaping up to be a better year for the industry, economists of the the Mortgage Bankers Association (MBA) said at the 2023 Annual Convention & Expo in Philadelphia, Pennsylvania.
The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We We’ve been a sellers’ market here for at least the past eight years, but probably closer to 10 or 11.“
With home prices at an all-time high, it’s just tough to fit folks inside that box, so FHA has definitely seen an uptick. “But you still have a buyer’s market. With first-time homebuyers, if your credit score is under 720 and you have a minimal down payment, then it’s usually better going FHA, Whitley said.
Known for its rural communities, quaint towns, scenic lakes and mountain vistas, New Hampshire is probably not where you would expect to find one of the nations hottest housing markets but the data says otherwise. 18, with a market action index score of 55.77. 18, with a market action index score of 55.77.
It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. The market is still strong,” said Wendy Cash, a broker at Austin area-based Century 21 Hellmann Stribling. “The Technically we are still in a seller’s market. I think we are pretty balanced,” Cash said.
Market conditions have forced countless LOs, including Dicker, to find creative solutions to lock down home purchases for clients whose purchasing power has diminished greatly in the past six months. But any market that pushes some businesses to the brink of insolvency also will create opportunities for others. And he’s far from alone.
CoStar says its traffic has increased in part due to its “ billion-dollar marketing campaign.” This definition is in contrast to what Move has alleged in its complaints. .” “ Move’s flailing effort to stymie the success of Homes.com led it to file this suit claiming that CoStar used Move trade secrets to compete against it.
According to local real estate agents, the region’s housing market seems to have read the same memo, as June did not bring the same market boost as many have grown accustomed to. So, this year, April and May were a little slower, so it felt like we were getting back to a normal market. as of June 21, 2024. as of June 21, 2024.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content