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
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?
Check out these nine downloadable real estate prospecting letter templates to help you make an impression in your neighborhood or zip code. We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners.
There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. Sellers are coming back to this housing market. In 2021 there were actually more total sellers, but at the peak of the frenzy, so many of those were immediate sales that they never get counted as active inventory.
We still see more sellers than last year. 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. It can be hard to communicate all this with buyers and sellers. Now, mortgage rates are 100 basis points higher.
Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. Your newsletter content should be a mix market updates, buyer and seller advice, community news and events, and storytelling.
This week at Keller Williams' Family Reunion, Gary Keller forecast significant market headwinds in 2025. How can you prepare and flourish no matter what happens next?
At HousingWire , we have a debate about whether home sellers will freeze up again this year as mortgage rates stay stubbornly high. We’ve had seller growth for 18 weeks in a row. More sellers means more sales. Will sellers retreat entirely, like they did last year? But will rates deter sellers also?
It looks like this is evidence that housing markets are returning to normal rather than a case of sellers panicking, but it’s worth keeping an eye on. After all, more sellers means more sales in 2024. That’s more new sellers this year than the same week a year ago, signaling a tiny improvement in our supply-starved housing market.
You should have downloaded one of those open house apps HousingWire was telling you about. It also provides you with visitor notes and a hot leads report after your open house so you can update the seller and begin working with the most interested leads. Knock, Knock. Who’s there? Your sign-in sheet. Your sign-in sheet who?
The suspicion was that there were a bunch of sellers who were waiting to sell: Once rates fell these sellers would come rushing back to this real estate market and we’d finally see inventory grow. Second, because people think of home sellers as being locked-in by high interest rates. That’s 15% growth over the pace of 2023.
Second, the settlement agreements envision claims made through a hand-filled claim form, a needless and time-consuming complication for a homebuilder that will be downloading this information from computer databases.” million — other parties could also be disadvantaged. “If
That’s a swing of 17% fewer sellers in just a matter of days. What’s not measured in the FHFA paper is how by 2023, seller volume had already been declining for nearly a decade. In that period, we can see seller volume decreasing as more and more Americans had mortgages under 5%. Download the entire report here.
Sellers are coming back There are 499,000 single-family homes unsold on the market now. There are slightly more sellers each week. Last year, was marked by how few sellers there were. We can expect to have more sellers all year. Sales were held back for lack of sellers. Home price signals are increasing too.
Home sellers are starting to ease back into the market, new listings are finally exceeding the levels of a year ago. Slightly more sellers Inventory is building now because we have slightly more sellers each week. It sure looks now like we’ll have more sellers each week all year long than we did in 2023.
Last year at this time, sellers and homebuyers hit the brakes hard. Watch the weekly housing market recap video above to get the latest housing market data download from Altos Research. As 2023 draws to a close soon, housing inventory has been rising very late in the year. Don’t have time to watch the full video?
More sellers equals more home sales in 2024. Download the free Altos eBook: “How to Use Market Data to Build Your Real Estate Business” New listings still coming on housing market There were only 33,000 new listings after the Thanksgiving holiday, but that’s normal and in line with annual seasonality in the real estate housing market.
There are more buyers than sellers. We have slightly more sellers now than we did a year ago and inventory is now 8.8% More sellers this week than last week Each week, just a few more home sellers are testing this market. There were 7% more new sellers this week than the same week a year ago. But it’s not a lot.
Even as money is more expensive and there are more sellers than a year ago, we can also see slight home sales growth over 2023. New listings rise New listings continue to show us that more sellers are interested in this market this year. Each week we have more sellers and each week that inventory spread over last year keeps growing.
In addition, digital records make it easier for the agent to provide sellers with a record of interest in the property, which can be valuable when discussing pricing or negotiating. This allows the agent to tailor their follow-up strategies for better results.
Each week sellers are easing back into the market a little more than last year. The defining characteristic of 2023 was how few sellers we had. Download the free Altos eBook: “How to Use Market Data to Build Your Real Estate Business” None of the indicators are pointing down for home prices.
The listing portal argues that since sellers have an agent looking out for their best interests, buyers also deserve the same level of support. Since launching its buyer’s agency campaign in mid-April, Realtor.com said it has drawn nearly 40 million impressions and 18,000 agent toolkit downloads.
With this week's half-percent rate cut from the Federal Reserve, agents are hoping sellers will finally get off the fence and loosen up some inventory to get the market moving.
We can see that while inventory rises with rates and falls with rates, that there is no signal of any flood of sellers. If we had a flood of sellers, that would be bearish for home prices. Download the free Altos eBook: “How to Use Market Data to Build Your Real Estate Business” Because these will close in the future.
In the face of so much rapid change and an often-frustrating lack of clarity from The Powers That Be, what the heck are you supposed to tell your buyers and sellers now?
As consumers stopped actively looking for new mortgage products, “lenders may find success capturing purchase opportunities by leveraging a seller buy-down strategy to combat high interest rates that might prevent buyers from committing to a purchase,” the report said. Download this white paper for a roadmap to deploying new technologies.
It will help you identify sellers very early, giving you access to them before they’re talking to other agents. After you choose your neighborhood or zip code, Offrs activates your area, enabling you to get contact info for leads, sorted by category (FSBO, predictive sellers, expired listings, and exclusive leads).
When a potential buyer or seller lead searches for homes or a home valuation on Google, they are driven to your site by ads created and managed by Zurple’s advertising experts. How Zurple generates and automatically nurtures leads Here’s the four-step process Zurple uses to generate and nurture leads: 1.
When HomeServices of America reached a nationwide settlement agreement last week in the commission lawsuits filed by home sellers, it became the final defendant in the two original commission cases, Sitzer/Burnett and Moehrl, to do so. It is not about our own needs.
Like you, as a real estate agent, I have prepared many reports analyzing pricing trends to help provide guidance to buyers, sellers and investors alike. Sellers would be able to carefully review comparable properties on the market as well as those that have successfully closed. Download to multiple formats. Premium stock images.
Most years, inventory levels bounce around the year’s low in the winter months before starting to climb with fresh sellers in February and March. It can be hard to communicate this with buyers and sellers. Download the free Altos eBook: “How to Use Market Data to Build Your Real Estate Business”
HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. The question people should be asking is at what rate threshold will sellers come back into the market.
Real estate prospecting is a necessary activity for agents aiming to build a robust pipeline of buyer and seller leads. Best practices include creating and sharing valuable, relevant content that addresses common concerns or interests of buyers or sellers. It could be next week, it could be next year. Why not join them?
Neighborhoods away from major cities will become more appealing to potential buyers who don’t want to lose great upload and download speeds just to find affordable housing. Sellers will also have an easier time finding buyers because people can spend more freely. Business owners can also move anywhere.
Includes multiple hotline-style Q&A and a download of the materials. Also includes access to a 42-pg Exam Prep Study Tool workbook Post-Licensing CE $50 Live Webinar via Zoom: Required 6 hrs of renewal coursework, including legal. Includes multiple hotline-style Q&A and a booklet.
You can also offer downloadable lead magnets like your list of preferred appraisers, lenders, handymen or home stagers. Buyer and seller-specific landing pages: You’ll want a site that offers visitor-specific content pages. The goal: to stay in touch with any and all visitors to your website. iNCOM Visit Website Starting price: $49.95/month
I know It sounds counterintuitive, but think about it: if we met at a real estate conference, and I told you I work with buyers and sellers in the Boston area, you may or may not remember that in a few months. You’ll also want to keep in mind how much you enjoy each strategy! Finally, write down the results from each one.
The MA & NH package includes required Core Course, Buyer Agency, Financing, Disclosures / Seller Due Diligence, 1031 Exchanges, Code of Ethics, and Conducting Open Houses and Developing a Safety Plan. Textbook, downloadable e-Book, PDF presentation, Exam tip worksheet & 12 months of access to online education video library.
Follow this link to download a copy to your computer ( [link] ). Active listings also provide insight into current seller and buyer motivations. Conversely, months with noticeably lower transaction counts may point to slower market periods, such as the winter season when buyers and sellers are less active.
Includes Business Ebooks, Career Resources, Downloadable Resources, Digital Flashcards, Real Estate Glossary, Study Schedule Pros + Cons Pros: Five-day trial with free unlimited access to all course content. Cons: You must have Zoom downloaded and installed on your computer/ laptop for Live Online portions of certain courses.
Let’s look at this in a key discipline every mortgage, and real estate professional would want to practice as much as possible, to be as great as possible, to execute as consistently as possible – an initial conversation with a potential borrower (buyer/seller) who wants to buy a home and is inquiring about financing.
Whether you’re trying to research new listing marketing ideas, find FSBO deals, or get up-to-the-minute market analysis from economists like ZIllow’s Chief Economist Dr Skylar Olsen , the Zillow app is a must–download for agents in 2024.
Includes business eBooks, career resources, downloadable resources, digital flashcards, real estate glossary, study schedule. You’ll get 20+ “how to” videos to help you understand the fundamentals of the job, buyer and seller checklists, action plans and other helpful resources.
Includes business eBooks, career resources, downloadable resources, digital flashcards, real estate glossary, study schedule. Audio learners can listen to classes on the go, while more visual learners can review and study key sections using downloadable documents and infographics. Livestream Course Package $549 Required 75 hrs.
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