Housing Wire

OCTOBER 23, 2024

million, according to data released Wednesday by the National Association of Realtors (NAR) On a year-over-year basis, existing-home sales were down 3.5% And while the slower sales pace may not be great news for real estate professionals, it has resulted in an uptick in inventory , which is good news for homebuyers. After falling 2.5%

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Inventory Realtors Buyers Real Estate 352

Housing Wire

OCTOBER 1, 2022

However, there are a number of attention-grabbing headlines, which unfortunately only compare today’s housing market to the very recent history of the last two years. It is always good to know where we are with the real estate market, but it is essential to keep all data in historical perspective. . Historically 2.5

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Realtors Housing Market Marketing Buyers 413

Housing Wire

JULY 23, 2024

Sinking sales, rapidly rising inventory and prices at all-time highs — this is the state of the market for existing homes. These two factors have caused unsold inventory to rise considerably, pushing months of supply to 4.1, Homes are sitting on the market a bit longer, and sellers are receiving fewer offers.

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Inventory Buyers Sellers Inspection 484

Housing Wire

SEPTEMBER 24, 2024

People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. The current market has largely normalized and is experiencing a pause for the same reasons as many other markets across the country. I haven’t seen a shift [to a buyer’s market].

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Housing Market Marketing Property Taxes Inventory 412

Housing Wire

DECEMBER 26, 2022

Starting this week, I will analyze weekly data in a Housing Market Tracker article every Monday to provide a status update on the U.S. housing market and economy. This weekly tracker will give you updates on the data lines that don’t need to wait for monthly housing data reports. . Housing market inventory.

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Housing Market Marketing Inventory Mortgage 502

Housing Wire

SEPTEMBER 17, 2024

Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. On top of that, Portland is dealing with the same conditions as other locations — high interest rates, low affordability and relatively low inventory. “We

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Housing Market Marketing Sellers Buyers 398

Housing Wire

SEPTEMBER 30, 2024

Cooler fall temperatures have brought less intense housing market conditions to the once white-hot market of Bergen County , New Jersey. “We We are not seeing that same buyer frenzy we were seeing six months ago,” said Audra Fontanella, the broker-owner of Bergen County-based RE/MAX Venture Realtors. “We As of Sept.

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Housing Market Marketing Inventory Agents 325

Housing Wire

JULY 24, 2024

The drop in sales is causing a rapid rise in unsold inventory. The surge in mortgage rates earlier this spring softened housing demand, leading to a slowdown in sales and an increase in both resale and new home inventory levels,” Zillow senior economist Orphe Divounguy said in a statement. That represents a decline of 7.4%

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Inventory Construction Realtors Marketing 419

Housing Wire

AUGUST 14, 2024

Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. The loss of population has softened housing demand, as has the rapid rise in mortgage rates that began in the spring of 2022. The index considers anything above 30 to be a sellers market, and it currently sits at 38.

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Housing Wire

APRIL 1, 2024

HousingWire has partnered with New Hampshire Association of Realtors (NHAR) to bring original data, analytics and news to its members who are the voice for real estate in the state. Our strategy is simple – be the independent source of information housing leaders seek first, and trust the most,” Clayton Collins, HousingWire CEO, said. “By

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Housing Wire

JUNE 26, 2024

Homebuilders with unsold inventory are feeling the pinch of high mortgage rates — and it’s showing up in new-home sales data. According to Bright MLS, the 481,000 new homes on the market is the most since January 2008, when homebuilders pulled back on production before the financial crisis. year-over-year drop and was 11.3%

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Inventory Realtors Marketing Mortgage 433

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 While demand is solid, the savagely unhealthy aspect of housing is continuing. NAR Research : Unsold inventory sits at a 1.7-month NAR Research : Unsold inventory sits at a 1.7-month million and 6.16

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Housing Market Marketing Inventory Sellers 542

Housing Wire

OCTOBER 19, 2023

The savagely unhealthy housing market continues to unfold as we approach Halloween. Sales are still falling, home prices keep rising, and inventory is still negative year over year. Too many people chasing too few goods — and days on the market are still under 30 days. Unsold inventory sits at a 3.4-month

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Housing Market Marketing Inventory Buyers 479

Housing Wire

AUGUST 8, 2024

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

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Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. Once that happens, I can finally take the savagely unhealthy housing market theme off my talking points. What does this mean? million to 1.93

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Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.” According to Altos Research, as of Feb. 23, 2024.

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Housing Wire

JANUARY 22, 2024

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The real estate market As of Jan. The top three spots in the ranking were Buffalo, New York, and Cincinnati and Columbus, Ohio.

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Housing Wire

JULY 10, 2024

While Northwest Ohio ’s housing market has remained fairly strong in recent months, local real estate agents say things become a bit more complicated when you segment the market by price point. 1 challenge for his buyers is the current inventory situation. It is inventory. For Campos, the No.

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Inventory Buyers Agents Inspection 371

Housing Wire

MAY 19, 2022

The National Association of Realtors reported Thursday that existing home sales for April came in at 5.61 million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. The real story in housing has been the price boom that we have seen since 2020. Inventory is always seasonal.

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Housing Market Marketing Inventory Realtors 527

Housing Wire

APRIL 11, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. But we have a housing shortage, right? One of my big calls in the previous expansion was that we wouldn’t see housing starts begin a year with 1.5 Wait, what?

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Inventory Housing Market Marketing Modernization 513

Housing Wire

JUNE 21, 2022

The housing nightmare continues. The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 This is real demand destruction; prices and rates are a double whammy and why I have stressed we need to get inventory higher as soon as possible. million , down 3.4% from last year.

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Housing Market Marketing Inventory Mortgage 540

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. The Federal Reserve wanted to see the bidding wars end and the days on the market grow.

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Inventory Marketing Housing Market New Listings 492

Housing Wire

SEPTEMBER 5, 2024

According to a housing trends report from Realtor.com, active listings were up nearly 36% year over year in August. It was the 10th straight month of annualized growth and for-sale inventory is now at its highest level since May 2020. This dovetails with recent pending sales data from the National Association of Realtors.

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Inventory Buyers Sellers Mortgage 443

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022.

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Housing Market Marketing Inventory Mortgage 536

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Altos considers any score above 30 to be a seller’s market.

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Housing Market Buyers Agents Marketing 448

Housing Wire

APRIL 20, 2022

The National Association of Realtors reported that existing home sales for March came in as a miss of estimate at 5.77 However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. million and 6.16

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Housing Market Marketing Inventory Mortgage 504

Housing Wire

JULY 20, 2021

year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. “Last year was the strongest year in the housing market for new home sales in over a decade,” he said. In 2018-2019, total housing market inventory was in the range between 1.52

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Housing Market Marketing Inventory Construction 511

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey.

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Inventory Agents Real Estate Sellers 422

Housing Wire

DECEMBER 20, 2023

Did today’s existing home sales report give us a playbook for housing in 2024? I would argue yes, and the housing market today looks a lot like what we saw in late 2022. I give more details in this interview on why I believe the housing market dynamics shifted on Nov. Unsold inventory sits at a 3.5-month

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Housing Market Marketing Inventory Realtors 475

Housing Wire

MARCH 29, 2024

It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. And closed sales were also up about 1%, so overall just a little bit more of the same,” said Clare Losey, housing economist for the Austin Board of Realtors.

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Housing Wire

NOVEMBER 20, 2024

The 2024 housing market is shaping out to be one of the slowest in recent memory, but what can the industry expect in 2025? HousingWire Lead Analyst Logan Mohtashami and Altos Research Founder Mike Simonsen have compiled a comprehensive forecast for the 2025 housing market. HousingWire’s 2025 forecast of 3.5%

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Housing Wire

SEPTEMBER 19, 2023

Meanwhile, the available inventory of unsold homes is growing. This week, inventory grew faster than it did last year at this time. This is alarming because this was the moment last year when the market turned south. Last year, inventory climbed dramatically for months. This is a trend worth watching. What’s happening?

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Housing Market Marketing Inventory New Listings 459

Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. Tightened supply was largely responsible for a 10.6% respectively.

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Inventory Contracts Housing Market Buyers 511

Housing Wire

JUNE 28, 2024

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.

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Housing Market Marketing Inventory Buyers 376

Housing Wire

APRIL 5, 2024

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. Against that backdrop, Zillow identified prime markets for first-time homebuyers , and half of them were nestled in the Midwest.

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Housing Market Marketing Training New Listings 433

Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. But we have a housing shortage, right? One of my big calls in the previous expansion was that we wouldn’t see housing starts begin a year with 1.5 Wait, what?

Inventory 435

Inventory Housing Market Marketing Modernization 435

Housing Wire

SEPTEMBER 13, 2021

Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak. Why today’s housing market makes speed and agility crucial for lenders. Why today’s housing market makes speed and agility crucial for lenders.

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Housing Market Marketing Inventory Contracts 538