Housing Wire

JULY 15, 2024

If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. Good inflation data came in last week, the bond market rallied and mortgage rates took a notable dip below 7% for the first time in months. Maybe we’re finally past the peak of mortgage rates ?

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Housing Market New Listings Marketing Mortgage 486

Appraisal Buzz

SEPTEMBER 5, 2024

The Realtor.com August Housing Trends Report shows that the number of homes actively for sale increased by 35.8% Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% In April we noted that rising for-sale inventory was likely to lead to more balance between buyers and sellers.

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Sellers Housing Market Buyers Marketing 397

Appraisal Buzz

DECEMBER 30, 2024

If youre thinking about buying or selling a house and wondering about the housing market, youre not the only one. The real estate market 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!

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Housing Market Marketing Inventory Real Estate 363

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.

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Sellers Marketing Inventory Contracts 481

Housing Wire

JULY 6, 2024

This is precisely what the doctor ordered for the housing market. In March of 2022, we only had 240,000 active single-family homes available for sale, leading me to call the housing market savagely unhealthy as we simply had too many people chasing too few homes. Last week, we returned close to recent lows.

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Housing Market Mortgage Inventory Marketing 465

Appraisal Buzz

AUGUST 14, 2024

Mortgage relief is on the horizon for U.S. homebuyers as a strong economy bolsters the housing market, according to the Realtor.com 2024 Forecast Update. and 4.6%, respectively, despite ongoing challenges from elevated mortgage rates. and 4.6%, respectively, despite ongoing challenges from elevated mortgage rates.

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Housing Market Marketing Mortgage Inventory 395

Housing Wire

DECEMBER 23, 2023

housing market and that they need to be pro-housing again. Even with all the drama we have dealt with in 2022-2023, the housing market stayed intact and never broke. However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. Weekly inventory change : (Dec.15-22)

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Housing Market Marketing Inventory New Listings 519

Housing Wire

DECEMBER 9, 2024

Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Does the housing market start to get back to normal? The number of unsold homes on the market is finally getting closer to 2019 levels. The MBAs mortgage applications data has been surprisingly strong.

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Housing Market Marketing Inventory Sellers 416

Housing Wire

DECEMBER 4, 2023

Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housing market. 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. housing market in 2024.

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Housing Market Marketing Inventory New Listings 505

Housing Wire

NOVEMBER 18, 2024

What will the housing market look like in 2025? For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more. Mortgage rates continue to move higher and that’s impacting buyers. Frankly, it feels like the housing market is contracting a bit now in November.

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Housing Market New Listings Marketing Inventory 442

Housing Wire

OCTOBER 7, 2024

Ironically, a strong employment situation in the country drives the bond market to higher rates. After the recent lows with mortgage rates this week, the 30-year fixed rate jumped back up over 6.5%. The purchase market is slower to respond, and the data now is still showing the positive impact of lower rates of recent weeks.

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Housing Market Marketing Mortgage Contracts 438

Housing Wire

FEBRUARY 23, 2024

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb. We’ve got this total rate-lock event.”

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Housing Market Marketing Inventory Buyers 492

Housing Wire

NOVEMBER 22, 2023

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. It’s a savagely unhealthy housing market out there, and these economists unpack what that means for you. Register for the virtual event on Dec. next year.

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Housing Market Marketing Inventory Sellers 500

Housing Wire

JANUARY 2, 2024

This implies that there are more than enough buyers at these prices and these mortgage rates to keep activity happening in housing. While a robust housing market is generally a positive thing, this is not all good news to every person. Each week sellers are easing back into the market a little more than last year.

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Housing Market Marketing Inventory Contracts 530

Housing Wire

JANUARY 13, 2025

That’s 12% more sellers than a year ago. It seems more sellers are coming out every week and that will keep inventory pushing upward. Mortgage rates pushed this week close to 7.25%. Its only two weeks into January and mortgage rates have hit the high end of the range we forecasted for the entire year.

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Sellers Inventory New Listings Contracts 331

Housing Wire

NOVEMBER 6, 2023

held up in 2023, sales volume in the housing market cratered. Consumers care about home prices and mortgage rates; the industry cares about transaction volume. The industry is in a deep housing recession this year. To get the weekly picture of the housing market, watch the video above. Housing inventory.

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Housing Market Marketing Inventory Contracts 489

Housing Wire

OCTOBER 22, 2024

Mortgage rates continue to rise, serving as a bucket of cold water for lenders and consumers that were warming to lower borrowing costs just a few months ago. According to HousingWire ‘s Mortgage Rates Center , the average 30-year conforming rate was 6.61% on Tuesday. With mortgage rates back above 6.5%

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Sellers Mortgage Marketing Construction 410

Housing Wire

OCTOBER 21, 2024

Despite the Florida hurricanes, and in the face of recently rising mortgage rates , unsold inventory of homes on the market climbed this week by about 1%. The seasonal changes in the housing market are very different from what they used to be with inventory peaking two or three months later in the year. In fact, no.

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Sellers Inventory New Listings Contracts 414

Housing Wire

APRIL 27, 2024

Active weekly housing inventory growth slowed slightly last week, but it’s still running at a healthier clip than in 2023. I have a simple model with mortgage rates being above 7.25%: weekly inventory data should grow between 11,000-17,000 per week. When mortgage rates increase, demand falls and the price-cut percentage grows.

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Inventory Housing Market Marketing New Listings 510

Housing Wire

OCTOBER 26, 2024

Since mid-2022 when mortgage rates headed higher , two facts have been apparent: new listings data has been trending at the lowest levels ever recorded in history and inventory has been able to grow from record low levels thanks to mortgage rates staying elevated. Let’s see what the data for last week tells us.

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Inventory Sellers New Listings Mortgage 494

Housing Wire

DECEMBER 10, 2024

The housing market got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. Despite two interest rate cuts by the Federal Reserve, mortgage rates rose again and remain stubbornly high. Its a symptom of a market thats transitioning away from sellers.

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Housing Market Marketing New Listings Sellers 352

Housing Wire

DECEMBER 20, 2024

Despite 2025 housing market predictions changing fast , there are still key themes and trends for real estate leaders to watch to best serve their clients and business. HW: What housing trends do you think will continue in 2025 and why? If we start to see them enter the market, it will be encouraging.

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Real Estate Housing Market Marketing Realtors 365

Housing Wire

FEBRUARY 26, 2024

Price reductions ticked up this week for the first time since November in the face of rising mortgage rates. We can see the impact of higher mortgage rates slowing homebuyer demand. Now, mortgage rates are 100 basis points higher. We still see more sellers than last year. The pace of sales inched down, too.

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Sellers Inventory New Listings Contracts 436

Housing Wire

SEPTEMBER 29, 2023

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. In some markets, more than 50% of active listings have experienced a price cut, according to Altos Research. According to the brokerage, 6.5%

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Sellers Buyers Real Estate Agent Inventory 508

Housing Wire

JULY 26, 2024

The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housing market sentiments and challenges faced by real estate agents, brokers, and mortgage professionals. In terms of mortgage rates , 63% predict they will stay flat, reflecting a broader expectation of stability.

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Housing Market Real Estate Agent Marketing Training 440

Housing Wire

SEPTEMBER 12, 2024

Baby boomers are a key constituency for the reverse mortgage industry since they are currently the generation with the largest share of the population at or above the age of 62. A recent SmartAsset analysis of 2023 Home Mortgage Disclosure Act (HMDA) pinpointed where boomers are most active within the U.S. housing market.

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Housing Market Marketing Insurance Sellers 414

Appraisal Buzz

AUGUST 8, 2024

housing market is rapidly approaching the $50 trillion mark, with the total value of homes across the country hitting a record $49.6 Chen Zhao, Redfin’s Economics Research Lead, predicts that the market will likely surpass $50 trillion within the next 12 months due to a lack of new listings keeping prices elevated. As the U.S.

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Valuation Housing Market Marketing Home Value 417

Housing Wire

SEPTEMBER 12, 2024

Lower mortgage rates over the past several months have led to increased affordability for prospective homebuyers, and this could lead to an extra competitive fall 2024 season. median monthly mortgage payment in August had declined by more than $100 since peaking in May. Zillow noted that the U.S. Zillow noted that the U.S.

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Housing Market Marketing Inventory Buyers 476

Housing Wire

FEBRUARY 20, 2024

Mortgage rates are back over 7%. 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. The housing market data has been changing very rapidly this year. Each week we have more sellers and each week that inventory spread over last year keeps growing.

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Mortgage Inventory Sellers New Listings 497

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. Buyers think it’s a buyer’s market. Sellers think it’s a seller’s market.

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Housing Market Marketing Sellers Buyers 374

Housing Wire

JANUARY 2, 2024

The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he

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Housing Market Marketing Real Estate Agent Real Estate 520

Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. Across the state, agents feel these rising insurance costs on top of higher mortgage rates and list prices. as of April 5, 2024 — down from 37.21

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Insurance Housing Market Marketing Agents 416

Housing Wire

APRIL 26, 2024

home sellers reaped slimmer profit margins on median-priced single-family homes and condominiums during the first quarter of 2024. Investment returns for sellers fell for the second straight quarter. Amid all that, the spring buying season will be a huge barometer for whether the market still has steam in its engine.”

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Sellers Housing Market Investing Marketing 423

Appraisal Buzz

JULY 9, 2024

“The combination of more for-sale homes and longer time on the market is beneficial for home shoppers as they have more selection and don’t need to feel as rushed in picking a place to call home. Whether this translates into more home sales will likely hinge on how mortgage rates impact affordability in the second half of the year.”

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Housing Market Buyers Marketing Inventory 418

Housing Wire

JANUARY 8, 2025

Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. of outstanding mortgages, around 8.7 million borrowers, carry a mortgage with an interest rate over 6%. had these cheap mortgages. Thats a lot more would-be home sellers when the time comes.

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Mortgage Inventory Finance Sellers 468

Appraisal Buzz

JUNE 14, 2024

There have only been two months in the last decade with fewer home sales: October 2023, when mortgage rates reached a 23-year high, and May 2020, when the pandemic brought the housing market to a halt and home sales to an all-time low. The average 30-year fixed mortgage rate reached 7.06%. Home sales dipped 1.7%

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Sellers Buyers New Listings Mortgage 435

Housing Wire

JULY 29, 2024

That implies a continued slow down for home sales in the second half of the year — fewer buyers and fewer sellers, too. I wonder whether the 2024 housing market is beyond saving? Are we past the opportunity for declining mortgage rates to help demand and pick up home sales growth? housing market at the end of July 2024.

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Housing Market Marketing Inventory New Listings 360