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Despite 2025 housingmarket predictions changing fast , there are still key themes and trends for realestate leaders to watch to best serve their clients and business. See what she had to say below and register today for the Housing Economic Summit on Feb. JL: Housinginventory has been climbing in recent months.
Despite the frequency of departures, realestate agents in the state say the housingmarket remains strong. On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. Altos considers anything above 30 to be indicative of a sellers market. as of Jan.
Redfin has conducted a survey of its agents across the industry to gauge key insights into the challenges and opportunities facing todays realestate professionals. In its 2025 Industry Survey , Redfin dug deeper into how realestate agents view their careers, the housingmarket, and other hot-button industry issues.
One reason that home prices have stayed elevated is that inventory nationally is still restricted. But if current trends continue, the inventory shortage will be effectively gone by next spring. In fact, while home prices are higher than a year ago, inventory has increased at the rate price appreciation has decreased.
housingmarket is anything but stable right now and residents are feeling it. housingmarket using weekly data from Altos, which includes more than 60 different data points on every metro area in the country, to see how employment is changing the housingmarket. ’s job market. housingmarket.
If youre thinking about buying or selling a house and wondering about the housingmarket, youre not the only one. The realestatemarket has seen a lot of unusual trends in the past couple of years, so it makes sense that youd want the latest market update before you make any major decisions!
Its hard to imagine something more disruptive to a housingmarket than a hurricane. 9, housingmarkets in the Tampa area came to a complete halt as sellers took their homes off the market. 9, housingmarkets in the Tampa area came to a complete halt as sellers took their homes off the market.
Weve now been in the post-pandemic housingmarket recession market as long as we were in the pandemic boom. Does the housingmarket start to get back to normal? We know inventory has been climbing all year. But, the market change isnt evenly distributed. Inventory is growing Lets start with supply.
And while the slower sales pace may not be great news for realestate professionals, it has resulted in an uptick in inventory , which is good news for homebuyers. For-sale inventory at the end of September was 1.39 month supply of unsold inventory, up from 4.2 million, up 1.5% months in August and 3.4
Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. Realestate investors tend to be more insulated from these dynamics, particularly from mortgage rates, as they are more likely to buy properties with cash.
housingmarket 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 just so many people here that are still looking for houses, Bradford said.
The housingmarket 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 realestate agents say they dont know what to expect from sale to sale.
Zillow is predicting a more active housingmarket in 2025 , but those hoping to buy — or even refinance — should buckle up for a bumpy ride and be ready to move when conditions are right. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.
Zillow anticipates a more active housingmarket with more buyers obtaining the upper hand in 2025. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” According to Zillow’s market heat index, 13 major metro regions are buyers markets right now, with the majority of them in the Southeast.
Realestate agents often make the mistake of believing their clients will remember them forever but they dont. One of the easiest and most cost-effective ways to stay top-of-mind with clients and prospects is by consistently delivering value in an informative, helpful realestate newsletter. So, where do you start?
As mortgage rates fluctuate based on decreasing housinginventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. Jaro is committed to saving time and money lenders in a constantly-evolving realestatemarket.
Redfin cited a number of reasons for this increase in the nations housinginventory, including: The mortgage rate lock-in effect is fading: A number of homeowners who scored low mortgage rates during the pandemic have been staying put because moving would mean taking on a higher rate. month-over-month, and 4.7% year-over-year.
The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the realestatemarket from various perspectives: brokerage leaders, mortgage professionals, and realestate agents. This diversity allows for a comprehensive understanding of the market dynamics.
A large majority of homeowners (88%) have concerns about selling their homes, with financial uncertainty and housingmarket conditions ranking among their top fears, according to a recent survey by Clever RealEstate. These markets also have larger supplies of homes, with about 3.5
Elevated inventory has put downward pressure on prices this year, but November’s numbers foreshadow a potential tightening. Total inventory and months of supply are at their lowest levels since June, but theyre still up year over year by 17.7% While thats a 4.7% The number of homes for sales dropped month over month to 1.33
Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housingmarket, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory. of responding specialists agreed.
Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housingmarket. New listings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November. Inventory is 1.2%
Timing is crucial in a difficult realestatemarket, and this year, the Realtor.com Best Time to Sell study indicates that the best time for sellers to discover the best balance of market circumstances is between April 13 and April 19. higher than the beginning of the year and 1.1%
31, 2023, and has since reshaped the business practices for realestate brokerages and agents across the country. Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers. It is no secret that many first-time homebuyers are struggling.
The spring housingmarket is still trying to spring. There are plenty of weak signals in the housingmarket, of course. There are plenty of weak signals in the housingmarket, of course. The unsold inventory of homes on the market across the country is 28% greater than last year at this time.
It seems more sellers are coming out every week and that will keep inventory pushing upward. First thing to note is that California has very restricted inventory. Prior to the fires there were only 17 houses for sale in all of Pacific Palisades , for example. There are now 24% more homes on the market than a year ago.
This situation contrasts with the challenges the market faced in 2023, during the banking crisis when the Federal Reserve was still raising rates. Inventory is making a strong effort to recover after the challenges of the past five years, even with record-low sales. Weekly inventory change (Jan.
The housingmarket in 2024 was about as frustrating for the realestate industry as you can imagine. Whether 2025 will be a better market depends on who you ask. HousingWires comprehensive 2025 housingmarket forecast calls for existing-home sales to be slightly higher at 4.2 million.
During the conversation, the group discuss realestatemarket challenges, the value of being a part of an association, and growth areas for associations in 2025. To kick off the live conversation, Velt asks a question about the current challenges facing the housingmarket in 2025. Jeff, I’ll start with you.
realestatemarket is in and it may surprise you, but pretty much all the signals for housing in 2024 are pointing for growth now. Inventory is slowly but steadily increasing over last year, which means slightly more options for buyers this spring. As of right now the housingmarket is growing.
HousingMarket Supply and Demand: An analysis of housinginventory trends and construction pressures affecting pricing and availability. HousingMarket Supply and Demand: An analysis of housinginventory trends and construction pressures affecting pricing and availability.
31, 2023, and has since reshaped the business practices for realestate brokerages and agents across the country. What does a realestate reporter do to mark the one-year anniversary of the Sitzer/Burnett jury verdict ? Funny you should ask.
Unsold inventory of homes on the market has been climbing in the U.S. In general, inventory rises with rates because more expensive money slows demand. When demand slows, inventory grows. According to Altos Research , there are 40% more homes on the market at the end of August 2024 than there were last year at this time.
I’ve been highly tuned in looking for signals that the housingmarket is slowing. By now everyone knows that unsold inventory of homes on the market is climbing. But is that unsold inventory surging? No need to fear, a housingmarket crash is not imminent. Higher rates lead to more inventory.
Going into 2023, people thought housinginventory would skyrocket, home prices would crash, and we would see the housingmarket of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housingmarket and which factors to follow.
For several weeks, I’ve been reporting data that shows the housingmarket growing in 2024. It’s always dangerous to blame the weather for any economic slowdown, but a quick look at the state level data shows that in general the coastal realestatemarket continued the trends of recent weeks, but much of the Midwest for example did not.
realestate scene with its rapid growth and increasing appeal to homebuyers. 4, 2024, Altos Research reports 1,530 active listings for houses and 791 active listings for condos in Charlotte. This inventory has only fueled competition among the city’s realestate professionals. As of Sept. Click Here
Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housingmarket is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housingmarket nationwide as of Feb. We’ve got this total rate-lock event.”
Davis believes that by aligning with the right lender and expanding product offerings, originators can position themselves as valuable partners in a shaky market. Tom Davis: Investor transactions are still close to 28% of the overall purchase market. Non-QM opens doors for realestate investors.
As high mortgage rates reshape the housingmarket, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. market share, while first-quarter 2022 saw a record high of 34.4%. The available inventory of existing homes rose by 22% year over year in Q3 2034.
Single-family rental ( SFR ) homes are now priced 20% higher than the typical apartment, according to Zillow s rental market report for December 2024. This is the largest difference ever recorded by the realestate portal as the pricing gap has grown considerably from pre-pandemic levels. Zillow analyzed the 50 largest U.S.
It’s the end of May and unsold inventory on the market is increasing across the U.S. Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing.
realestatehousingmarket signals have been gradually building for a couple of months. Home sellers are starting to ease back into the market, new listings are finally exceeding the levels of a year ago. As a result, we’re starting to see slightly more available supply of homes on the market.
The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housingmarket sentiments and challenges faced by realestate agents, brokers, and mortgage professionals. While not rated, relationship-building with realestate agents is crucial, especially in light of changes to MLS compensation policies.
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