Housing Wire

MAY 15, 2024

After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. We see the same pattern in the new listings rate each week.

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Mortgage New Listings Inventory Sellers 417

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 in early May to 47.88

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Housing Wire

JANUARY 29, 2024

million existing homes were sold, according to the National Association of Realtors. High rates further exacerbated the national inventory shortage and contributed to the surge in home prices. On the bright side, new listings rose 2.2% In 2023, only 4.09 On Monday, meanwhile, 97.9% With the U.S.

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Mortgage Inventory Investors Housing Market 416

Housing Wire

JULY 31, 2024

The brokerage claimed on its second-quarter 2024 earnings call that it’s experiencing virtually no changes in commissions despite the $418 million settlement agreed to by the National Association of Realtors (NAR) following a string of lawsuits related to buyer commission rules. “It

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Agents Brokerage New Listings Buyers 402

Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. Prospective home buyers experienced another difficult month due to the persistent lack of housing inventory and the highest mortgage rates in a generation,” NAR Chief Economist Lawrence Yun said in a statement. On the bright side, housing inventory rose 1.8%

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Inventory Realtors New Listings Contracts 419

Housing Wire

APRIL 25, 2024

“I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We There is no way you can stay on top of things unless you hire someone to watch new listings pop up every 10 minutes. We are going to see an increase in inventory.

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Buyers Marketing Inventory Investors 424

Housing Wire

SEPTEMBER 3, 2024

“This rate gap has kept some homeowners from listing their home for sale. Inventory has already started increasing and new listing activity should continue to grow this fall,“ she added. Prospective buyers are still being stymied by an overall lack of for-sale inventory in many areas of the country.

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Mortgage Inventory Buyers Sellers 474

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. Headwinds like mortgage rates , low inventory and rising rents are still strong, but easing,” Zillow Senior Economist Orphe Divounguy, said in a statement.

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Housing Market Marketing Training New Listings 422

Housing Wire

FEBRUARY 29, 2024

month over month in January, according to the newest data from the National Association of Realtors (NAR). Meanwhile, new home sales , which are also a measure of contract signings, reached a seasonally adjusted annual rate of 661,000 in January, up 1.5% Overall active inventory improved 7.9% Pending home sales dropped 4.9%

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Contracts Inventory New Listings Realtors 421

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 top three spots in the ranking were Buffalo, New York, and Cincinnati and Columbus, Ohio. The real estate market As of Jan. 10, 2023. “The

Housing Market 435

Housing Market Marketing Logistics Real Estate 435

Housing Wire

SEPTEMBER 24, 2024

New listings have stalled as a result of rising inventory. We’ve seen a higher monthly supply of inventory there, but that has been coming down throughout the year,” Curcio said. Chicago has since exhibited a more traditional seasonal home-price pattern, but since February 2023, the median home price is up by 27%.

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Housing Market Marketing Property Taxes Inventory 400

Housing Wire

JANUARY 20, 2023

million, according to a report from the National Association of Realtors (NAR) released Friday. December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates,” Lawrence Yun, NAR’s chief economist, said in a statement. from November to a pace of 4.02 A total of 5.03 year over year.

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Inventory Housing Market Realtors Buyers 367

Housing Wire

JANUARY 26, 2024

month over month in December, according to the newest data from the National Association of Realtors (NAR). Looking ahead Confronted with limited existing home inventory, many buyers have pivoted to newly constructed homes. But new listings activity grew by 9.1% Pending home sales rose 8.3% in December, up from 71.6

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Contracts Housing Market Construction Inventory 480

Housing Wire

JULY 24, 2024

Indianapolis-area Realtor Annie Caruso, a founding member of Circle Real Estate, had a buyer coming from the Chicago area for just these reasons. Markets in Indiana could see a burst of new activity because of mortgage rates. That’s led to a rise in new listings in Indianapolis as more homeowners are putting their houses on the market.

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Marketing Realtors Buyers Property Taxes 413

Housing Wire

MARCH 1, 2024

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.” Like elsewhere in the country, Indiana has struggled with housing inventory. According to Altos Research, as of Feb.

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Housing Market Marketing Inventory Construction 443

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 Even if we get more listings, it is not going to be enough for people.

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Housing Market Buyers Agents Marketing 439

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. Of course this isn’t the healthiest housing inventory story. from the previous year ($375,300). All four U.S.

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Inventory Housing Market New Listings Marketing 499

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 395

Mortgage Real Estate Inventory Construction 395

Housing Wire

AUGUST 10, 2020

According to the National Association of Realtors , contract signings kicked off strong in August , with the most contract signings last week in the Midwest, at 21%. As new contract signings are outpacing new listings due to low inventory, properties sold typically within 26 days in the four weeks leading up to August 2, NAR said.

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Agents Business Inventory Real Estate Agent 544

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 387

Housing Wire

OCTOBER 10, 2024

“Whether you’re a loan officer like me, or a Realtor, we’re all pretty worried about income,” he said. We already had very thin inventory and some of our deals are dead because houses have been ruined. There were 775 new listings in Tampa on Sept. 27, a number that has since shrunk to 555.

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Agents Insurance Housing Market New Listings 360

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 week was the biggest week of inventory increase all year, with inventory growing by over 9,000 single-family homes. It’s not unusual for a little jump in new listings in September.

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Housing Market Marketing Inventory New Listings 451

Housing Wire

JUNE 28, 2024

We still have low inventory, but also not a lot of buyer activity, and now I’m seeing more inventory come on the market and still not as much buyer activity. Although pending sales are up, local agents noted that properties are taking longer to go under contract, leading to an uptick in inventory and days on market.

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Housing Market Marketing Inventory Buyers 367

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 Existing home sales have more legs to go lower, especially now that new listing data is falling. Total Inventory data fell in this report from 1.31 Total Inventory data fell in this report from 1.31 million to 1.28

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Inventory Housing Market New Listings Mortgage 476

Housing Wire

JULY 13, 2021

An improving supply situation may also be making a difference, with new listings up 4% year over year — meaning more properties are hitting the market for buyers to bid on. In 2018-2019, total housing inventory was in the range between 1.52 million homes, according to the National Association of Realtors. million and 1.92

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Inventory Housing Market Real Estate Agent Buyers 511

Housing Wire

JULY 20, 2021

New listings are also up 4% year over year, meaning more properties are hitting the housing market for buyers to bid on. In 2018-2019, total housing market inventory was in the range between 1.52 million, and that level of inventory helped to drive real home-price growth in 2019 into negative territory briefly.

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Housing Market Marketing Inventory Construction 511

Housing Wire

AUGUST 27, 2020

year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors. “We Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”.

Contracts 501

Contracts Realtors New Listings Real Estate 501

Housing Wire

NOVEMBER 18, 2022

“More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement. Total housing inventory at the end of October was 1.22 Total housing inventory at the end of October was 1.22 ”

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Housing Market Marketing Inventory New Listings 431

Housing Wire

FEBRUARY 23, 2024

Here are some charts reviewing today’s report with a host of data lines from the NAR existing home sales report: [link] A few critical glaring points: active inventory is still historically low, and so is monthly supply data. Cash sales rising year over year looks normal as mortgage demand is lower year over year.

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Inventory Mortgage New Listings Marketing 464

Housing Wire

MARCH 29, 2024

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. Additionally, Austin’s median list price has remained stable even as inventory has risen drastically from the troughs it reached in the spring months of 2021 and 2022.

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Housing Market Agents Marketing Inventory 404

Housing Wire

MAY 8, 2024

We have brought down expenses and continue to grow our agent count and inventory advantage,” Reffkin said. We found that more than 99% of new listings in March included offers to pay the buyer’s agent. Reffkin noted that the firm is on track to remain free cash-flow positive throughout the rest of 2024. “We

Agents 409

Agents Real Estate Brokerage Clients 409

Inman

MAY 10, 2023

A "drought" of new listings is driving up prices, reversing the sluggishness of late 2022 and forcing buyers to compete fiercely for homes, according to a new analysis from Zillow.

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Buyers Inventory New Listings Marketing 156

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. With shut-down orders in the spring, summer became the new home-buying season, but homebuyers were still incredibly active in August. Over the last four weeks ending on Sept.

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Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

MARCH 12, 2021

Trulia and the National Association of Realtors are also named in the suit. Zillow now has brokerage licenses in all 50 states , which has allowed it to transition from being a listing distribution partner to a member of NAR and local Realtor associations, giving the company access to Internet Data Exchange (IDX) feeds.

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Real Estate Brokerage Realtors Real Estate Agent 494

Housing Wire

AUGUST 10, 2023

With regular reports and data coming out on what’s blocking inventory growth, the biggest factors impacting rates and the latest shifts in home sales, there’s a lot of information out there to help you inject more confidence into your business strategy. Logan Mohtashami: Inventory is still savagely unhealthy.

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New Listings Inventory Business Marketing 282

Housing Wire

MAY 21, 2021

million, the National Association of Realtors reported on Friday. “New listings volume got a decent bump in March and April, and more people believe it’s a good time to sell a home than at any time since the pandemic began.” ” While borrowers battle it out in the bidding trenches, unsold inventory sits at a 2.4-month

Inventory 448

Inventory Buyers New Listings Marketing 448

Housing Wire

JUNE 21, 2021

Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. But like the rest of the country, low housing inventory has hit the city hard. According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5%

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Housing Market Marketing Realtors Inventory 459