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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.
Despite 2025 housing market predictions changing fast , there are still key themes and trends for realestate leaders to watch to best serve their clients and business. 26 in Dallas to hear her full session on realestate brokerage economics. JL: Housing inventory has been climbing in recent months.
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
Over the past five decades, realestate development in the U.S. One key finding is that self-storage has seen a 91% increase in inventory since the 1980s. One key finding is that self-storage has seen a 91% increase in inventory since the 1980s. RealEstateRealestate development in the U.S.
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 housing market, and other hot-button industry issues.
Despite the frequency of departures, realestate 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. As of Jan.
Dallas -based United RealEstate has announced another strategic expansion in the Carolinas. Charlotte -headquartered United RealEstate Queen City will open a new affiliate location in Fort Mill, South Carolina. For-sale inventory is up 17.1% South Carolina itself has become more attractive for homebuyers in 2024.
Growing dissatisfaction among realestate agents , concerns over declining commissions , and shifting views on the National Association of Realtors (NAR) are among findings in Redfin’s 2025 Industry Survey. of respondents saying they would recommend realestate as a career, while nearly half (49.8%) said they would not.
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 housing inventory 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 realestate market.
Anywhere RealEstate , Douglas Elliman, and eXpall among the largest in the country grew revenue less than 1%, 4%, and 7% year over year, respectively. Consumers purchase homes, but Compass touts its technology among prospective realestate agents. sits at the intersection of realestate, technology, and media.
Redfin cited a number of reasons for this increase in the nations housing inventory, 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.
Predictive analytics in realestate combines the use of historical data and algorithms to anticipate future market trends and identify potential sellers sometimes even buyers, too. Realestate agents can use this data to identify motivated sellers and people who are likely to buy a home.
There is an endless supply of realestate statistics out there, but what the heck do you do with all of them? Stats are the fuel to the fire of the realestate market and will make you exude confidence in conversations with potential clientsmaking them feel confident in hiring you to represent them.
ERA RealEstate , part of Anywhere RealEstate , is launching its first multifaceted media campaign with advertising across Major League Baseball (MLB) and Minor League Baseball (MiLB) games this season. The campaign aims to boost brand visibility during peak realestate sales seasons.
Statara Solutions has expanded its Statara Media Platform to include digital audio advertising, allowing realestate professionals, associations and advocacy groups to target audiences through podcasts and streaming radio. The update was rolled out after months of beta testing. ”
We had to take back some properties where we dont have a large realestate operation, so we didnt want to keep them, said Sims, general partner at Constitution Lending , a Connecticut-based realestate lender providing fix-and-flip and long-term loans to realestate investors.
Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housing market, 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.
California Attorney General Rob Bonta announced last week that criminal charges have been filed against a realestate agent who allegedly tried to price gouge a couple who lost their home in the Eaton fire. But inventory is rising and conditions favor sellers in many areas.
Miami stands as one of the most dynamic and valuable realestate markets in the United States. This places Miami among the top-tier realestate markets in the country, attracting both local and international buyers and driving intense competition among realestate agents. As of Sept. Click Here
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.
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. Higher rates create more inventory.
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. This is different from a hurricane hitting Tampa where the realestate market is big enough to move the needle on national numbers. This week, 33.9%
realestate scene with its rapid growth and increasing appeal to homebuyers. This inventory has only fueled competition among the city’s realestate professionals. million in sales to stand out in the Queen City’s realestate scene. As of Sept. million in annual sales. Click Here
Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The only way inventory would grow in 2024 is if mortgage rates climbed. But the evidence is the opposite.
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
As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term realestate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. But acquisitions were also somewhat easier in these markets due to rising inventory.
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. Inventory is climbing but it’s still pretty restricted. And importantly, inventory isn’t growing everywhere equally.
The realestate 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! The realestate professionals make their best predictions based on data, but no one can know whats going to happen with 100% accuracy.
The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the realestate market from various perspectives: brokerage leaders, mortgage professionals, and realestate agents. Agents Low inventory : 37% of agents identified low inventory as their biggest challenge.
Chicago has cemented its position as one of the most valuable realestate markets in the United States, recently surpassing the $1 trillion mark in realestate asset value. Despite this current inventory, Illinois as a whole has experienced a significant decline in available homes compared to pre-pandemic levels.
A large majority of homeowners (88%) have concerns about selling their homes, with financial uncertainty and housing market conditions ranking among their top fears, according to a recent survey by Clever RealEstate. months of inventory at the current sales pace compared to the national median of 2.8
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. These two trends are keeping a cap on inventory for the rest of the year, especially compared to last year. realestate market as of mid-August 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. realestate market as we’re now in the second half of 2024. Inventory is rising everywhere in the country.
And as a result, as inventory builds , the sales growth trend shows signs of slowing. We know that these higher mortgage rates are deterring buyers, and inventory is building. Will higher rates keep a cap on inventory like it did a year ago? Inventory is up in lock step. We’re at 19% year over year inventory gains now.
Mortgage spreads As Ive traveled from city to city for speaking engagements over the last year, Ive noticed that mortgage spreads are not commonly discussed among realestate and mortgage professionals. Inventory is making a strong effort to recover after the challenges of the past five years, even with record-low sales.
Non-QM opens doors for realestate investors. Close one loan for a realestate investor and you have a repeat client for life! They allow realestate investors to qualify on the rental cash flow of the subject property. HW : The fix-and-flip market continues to see strong demand despite inventory challenges.
Rocket Companies has unified its realestate search platform with its mortgage lending platform to create a single resource where home buyers can search and purchase homes, making the process swifter and more efficient. The post Rocket Unifies its RealEstate Search and Home Financing Platforms appeared first on MortgageOrb.
After tumbling over the past few months, existing-home sales are giving realestate and mortgage professionals a reason to smile. The worst of the downturn in home sales could be over, with increasing inventory leading to more transactions,” NAR chief economist Lawrence Yun said in a statement. Inventory was up 19.1%
Timing is crucial in a difficult realestate market, 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. fewer sellers on the market than the usual week of the year, according to a typical inventory trend.
Access your growth playbook From the pandemic-fueled frenzy to the sobering reality of a post-pandemic slowdown,, realestate brokerages were locked in a relentless quest for growth—eager to expand market share while trimming operational fat. However, RealTrends GameChangers defied the odds and outperformed their peers.
Inventory is still low and that’s exactly why it’s important to target the sellers who are more likely to move. Offer your database an annual realestate check up. “Hi In fact I am even offering all my friends and clients an annual realestate check up. Perfect your process. Then choose another!
Inventory is down for us about 33% compared to this time last year. There’s only about a two-month inventory in Haddonfield. When youre that low on inventory, prices are going to keep going up. Kenosha has always been kind of the engine in terms of realestate sales in southeast Wisconsin, she said.
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.
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