Housing Wire

JULY 8, 2024

There have been a few markets; however, that have defied the national trends where inventory has stayed tighter and demand keeps rolling in. Available inventory of unsold homes in the U.S. It was the second half of the year last year when mortgage rates started rising. real estate market as we’re now in the second half of 2024.

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Inventory Contracts Sellers New Listings 468

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. 26 in Dallas to hear her full session on real estate brokerage economics. JL: Housing inventory has been climbing in recent months.

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Real Estate Housing Market Marketing Realtors 365

Housing Wire

SEPTEMBER 16, 2023

What’s going on with housing inventory ? The last four weeks of new listings data have been the most volatile since mortgage rates breached 6% in 2022. In reality, the volatility in housing inventory is due to the Labor Day holiday, the start of school and the fact that new listings are trending at the lowest levels ever.

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Inventory New Listings Housing Market Mortgage 478

Housing Wire

JANUARY 9, 2025

Despite the frequency of departures, real estate agents in the state say the housing market remains strong. In order to alleviate some of the pressure on buyers, agents like JD Gieson would love to see more inventory come on the market. There is no inventory, McCormick said.

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Housing Market Inventory Marketing Sellers 400

Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. Looking back on 2023, the inventory story was a big surprise even as mortgage rates headed toward 8%, as the data below will show. Weekly inventory change (Dec.

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Inventory New Listings Housing Market Mortgage 499

Housing Wire

JANUARY 8, 2024

2023 started with recovery, but slowed down in Q3 as mortgage rates hit 8%. Inventory is inching up. Each week, inventory is increasing just a bit relative to last year. Unless rates dip into the 5s, then I expect demand will pick up so quickly that inventory will drop again. But, 2024 is starting stronger than last year.

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Real Estate Marketing Inventory New Listings 506

Housing Wire

JANUARY 16, 2024

real estate housing market signals have been gradually building for a couple of months. The longer we stay with mortgage rates higher, the more inventory will build closer to where it used to be. Mortgage rates are higher than they were a year ago. Higher mortgage rates means more inventory.

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Inventory New Listings Sellers Contracts 452

Housing Wire

JUNE 18, 2024

By now everyone knows that unsold inventory of homes on the market is climbing. But is that unsold inventory surging? As the economy stays surprisingly strong, mortgage rates have stayed higher for longer than anyone expected. In the last few weeks, Inventory is no longer growing compared to last year. Now there are 37.6%

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Inventory Contracts Housing Market New Listings 414

Housing Wire

JANUARY 23, 2024

With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. Interest rates, a key determinant of the real estate market’s health, are on a downward trend. Will we get more inventory? That’s the name of the game in real estate.

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Real Estate Agent Real Estate Buyers Agents 437

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. Yet, the complexity of real estate transactions lies beyond the initial online search.

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Real Estate Buyers Agents Sellers 497

Appraisal Buzz

OCTOBER 1, 2024

Realtor.com has found that , amid rising home prices and mortgage rates, real estate investors are still finding hidden gems in affordable metros across the country, with Dayton, Ohio, standing out as the top destination for property investment in 2024. lower than the national average, offering compelling value for investors.

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Real Estate Investors Investing Buyers 416

Housing Wire

SEPTEMBER 19, 2024

Real estate agents have white-knuckled their way through more than two years of suffocatingly high mortgage rates that have stymied sales, choked off inventory and pushed home prices to new all-time highs. More important than the size of the interest rate cut is where mortgage rates land when the cut settles in.

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Real Estate Agent Real Estate Agents Buyers 469

Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. What’s happening with inventory? Consumers are very sensitive to changes in mortgage rates , and rates are still rising. from last week.

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Inventory Contracts New Listings Mortgage 503

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. At the time, I observed that even if mortgage rates stayed flat, the momentum seemed to be in the cards for broad, slow growth in the market. However, mortgage rates didn’t stay flat. They climbed starting Jan.

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Inventory New Listings Sellers Contracts 419

Housing Wire

OCTOBER 21, 2024

real estate market is marked by contradictions that are leaving many confused. Mortgage rates, rental patterns, homeownership dreams, and housing trends across the country are all seemingly colliding in ways that create both opportunities and uncertainties. As 2025 approaches, the U.S. But there’s more to the story.

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Real Estate Marketing Insurance Property Taxes 470

Housing Wire

AUGUST 26, 2024

Unsold inventory in the two biggest housing markets in the country, Texas and Florida, declined this week. Inventory seems to have peaked for the season and is slowly inching down. First, mortgage rates are falling, whereas last year they were rising. real estate market as of mid-August 2024. That’s a notch of 2.5%

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Inventory Marketing Sellers New Listings 407

Housing Wire

OCTOBER 2, 2024

Prior to founding Pretium, Mullen was the head of global credit and mortgages at Goldman Sachs. Pretium is a real estate investment firm that focuses on single-family rental (SFR), build-to-rent (BTR) and fix-and-flip properties. All of this occurs without the need to invest in a securitization.

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Real Estate Investing Landlords Tenants 459

Appraisal Buzz

JULY 24, 2024

Nearly two-thirds (64.7%) of homes on the market in June had been listed for at least 30 days without going under contract, according to a new report from Redfin, a technology-powered real estate brokerage. This trend is contributing to a glut of unsold inventory. This marks an increase from 59.6%

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Inventory Marketing HOA Contracts 435

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. That’s according to June’s existing-home sales data from the National Association of Realtors (NAR), which reflect the problems that have hampered housing markets since mortgage rates began to rise in 2022.

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Inventory Buyers Sellers Inspection 461

Housing Wire

OCTOBER 16, 2023

Available inventory of unsold homes rose by 1.8% It’s quite clear that homebuyers have hit the brakes waiting to see if mortgage rates recede from these multi-decade highs. Inventory is climbing more quickly now than last year. Will we see inventory growth YoY by November? Note the inventory climb is not from sellers.

Inventory 467

Inventory Contracts Sellers New Listings 467

Housing Wire

FEBRUARY 20, 2024

Inventory is climbing vs. last year, and home prices have stayed flat for three weeks now. Mortgage rates are back over 7%. And as demand slows, inventory grows. Inventory is up over last year and is about to turn the corner and start climbing for the spring selling season, probably within a couple weeks.

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Mortgage Inventory Sellers New Listings 497

Housing Wire

SEPTEMBER 26, 2023

However, mortgage applications for new home purchases increased 4% between July and August, the strongest pace of sales in three months. Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said.

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Inventory Buyers Construction Sellers 489

Housing Wire

OCTOBER 23, 2024

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. 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

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Inventory Realtors Buyers Real Estate 367

Housing Wire

AUGUST 2, 2024

Auction.com , the nation’s largest online platform for distressed real estate sales, recently reported that demand for homes sold at auction began to decline late in the second quarter of 2024 even as the available supply of foreclosed homes also contracted. from May to June. On an annualized basis, five major U.S.

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Inventory Retail Buyers Renovations 416

Appraisal Buzz

JUNE 18, 2024

million units in 2023, according to a new analysis from the real estate firm Zillow. The result has been worsening affordability, now exacerbated by stubbornly high mortgage rates. “The The post A Closer Look at the Housing Market’s Inventory Deficits first appeared on The MortgagePoint. housing shortage grew to a 4.5-million-unit

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Inventory Construction Law Real Estate 448

Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. A buyer who might have qualified for a $400,000 mortgage may now qualify for a $350,000-$375,000 mortgage when interest rates rise.

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Real Estate Agents Marketing Sellers 456

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. And because mortgage rates have been above 7% for about two months consecutively, the cost of financing is extreme. According to the brokerage, 6.5%

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Sellers Buyers Real Estate Agent Inventory 508

Housing Wire

APRIL 17, 2024

Expect 2024 to be mildly better than 2023 with mortgage rates falling in the second half of the year, housing experts opined in their forecasts at the end of the year. The pessimism is visible in mortgage rates. Freddie Mac ‘s weekly Primary Mortgage Market Survey is climbing back towards 7%.

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Mortgage Brokerage Real Estate Tenants 477

Housing Wire

MAY 7, 2024

The official magazine for the National Association of Realtors (NAR) recently touched on the topic of reverse mortgages, mentioning products such as the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) and addressing topics like the desires of baby boomers to age in place in their homes.

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Mortgage Real Estate Agent Inventory Housing Market 456

Housing Wire

NOVEMBER 4, 2023

After mortgage rates spiked to 8% in October, causing a riot in the real estate industry, we had an epic move lower in mortgage rates last week. Does this mean we’ve hit the peak in mortgage rates for this economic cycle? Last year, the seasonal peak for housing inventory was Oct.

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Mortgage Inventory New Listings Real Estate 468

Housing Wire

SEPTEMBER 5, 2024

Data released Thursday by Realtor.com and Redfin shows that even as more homes are being listed for sale and mortgage payments are becoming more affordable, fewer transactions are occurring. It was the 10th straight month of annualized growth and for-sale inventory is now at its highest level since May 2020.

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Inventory Buyers Sellers Mortgage 431

Housing Wire

JUNE 24, 2024

Inventory grew by almost 14,000 homes this week. Available inventory of unsold homes continues to grow but that growth in seems a bit less intense than it could be. He expects the second half of the year to see even more inventory growth. Inventory increases by 2.2% Sellers can just wait it out, and it looks like the U.S.

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Inventory Sellers New Listings Property Taxes 366

Housing Wire

AUGUST 19, 2024

Unsold inventory of homes for sale has been on the rise all year. It hasn’t turned the corner yet — inventory rose across the country this week — but at less than 1% rate. There are some signs that inventory growth is slowing with newly lower mortgage rates and the end of the summer. Texas inventory grew by 1.5%

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Inventory New Listings Sellers Buyers 333

Housing Wire

OCTOBER 10, 2024

By most standards, I’ve had a highly successful career in real estate — as a Keller Williams Mega Agent, Broker-Owner, and bestselling author. For the past 14 years, I’ve had the privilege of coaching some of the nation’s top-producing real estate agents. Make no mistake.

Real Estate 426

Real Estate Real Estate Agent Agents Clients 426

Housing Wire

DECEMBER 27, 2023

In the nearly two months since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, Jason Posnick has fielded a lot of questions about commissions and cooperative compensation from clients. It has been cool to hear that.

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Real Estate Agent Real Estate Agents Clients 452

Housing Wire

FEBRUARY 5, 2024

Mortgage rates are back up over 7% this morning on the back of strong economic growth data. The 10-year bond yield jumped back over 4% and that pushes mortgage rates higher too. Mortgage rates are 40 basis points higher than a month ago, and 100 basis points higher than a year ago. Higher rates equals higher inventory.

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Mortgage Inventory Sellers New Listings 438

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. Don’t: Talk about real estate in every conversation. When you buy through our links, we may earn a commission.

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Real Estate Open Houses Agents Sellers 451