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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.
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. Sellers are up, but sales are down. First thing to note is that California has very restricted inventory. This week inventory dipped though, so well see what happens next.
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. Reduced rivalry between sellers: This week would have 13.2%
New marketplace for motivated sellers That is good news for sellers like Ricardo Sims, the out-of-state landlord who sold the Montgomery properties to Richards via SmartSale. More inventory for boots-on-the-ground buyers Richards started investing in realestate in 2004 and discovered distressed property auctions in late 2019.
Despite the frequency of departures, realestate agents in the state say the housing market remains strong. Altos considers anything above 30 to be indicative of a sellers market. In order to alleviate some of the pressure on buyers, agents like JD Gieson would love to see more inventory come on the market. as of Jan.
The surge in first-time homebuyers during 2020 has led to a new trend: first-time home sellers. A survey of 1,000 first-time sellers found that 79% regretted aspects of their home purchase, with 91% saying those regrets influenced their decision to sell. With the average U.S.
Data from Altos Research shows that higher mortgage rates aren’t necessarily keeping sellers from listing their homes. For-sale inventory of single-family homes is up 33% from a year ago. The 15-year conforming rate has increased even more sharply since the Fed’s decision, rising from 5.7% 18 to 6.15% on Tuesday.
Realestate agents often make the mistake of believing their clients will remember them forever but they dont. Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. Summary What is a realestate newsletter?
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.
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.
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.
Inventory of unsold homes on the market ticked down fractionally this week. Its not uncommon for January to have a little up and down in the inventory numbers. If inventory were jumping each week, that would be notable, but its not. At this time, of year theres new inventory and new buyers are shopping.
As realestate practitioners adjust to the practice changes that took effect in August, and the industry waits for final approval of the NAR settlement from the court in November, questions continue about seller offers of compensation. Lowering commissions will not cause sellers to reduce their prices.
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.
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. Among specialists, 32.8%
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. Sellers can just wait it out, and it looks like the U.S. I think it’s worth examining if sellers will indeed just wait it out now. Inventory increases by 2.2%
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.
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.
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.
We know inventory has been climbing all year. The northern cities have tight inventory and rising prices, some of the Sunbelt cities have the most inventory in many years, and some markets even have falling prices, too. Inventory is growing Lets start with supply. Inventory shrank every year for most of the decade.
As we near the fourth quarter of 2024, the traditional peak of the home-buying season has passed, and the realestate market is entering a period of transition. This growing inventory is expected to persist until October, driven by elevated mortgage rates that are keeping many potential buyers on the sidelines.
Weekly housing inventory continues upward Is inventory in the D.C This week’s inventory data gives us a vantage point into this weeks market dynamics. Inventory for single-family homes in the D.C ’s inventory level compared to 2024. Data and common sense show that federal job cuts are stressing D.C’s
During the conversation, the group discuss realestate market challenges, the value of being a part of an association, and growth areas for associations in 2025. Velt: We’ve got challenges with housing inventory, interest rates and a new administration. This episode has been edited for length and clarity.
Coldwell Banker is brand affiliate of Anywhere RealEstate, which has publicly stated that it wants the policy to be reformed rather than repealed. The reasoning behind all of this is simple to grow their business regardless of how it may harm buyers and sellers, Lane wrote. Lane offered more thoughts in her op-ed.
With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Shallis, with over three decades of experience in the realestate industry has helped realtors, buyers, and sellers navigate all types of market conditions.
The housing market in 2024 was about as frustrating for the realestate industry as you can imagine. In the current climate, homebuilders have advantages over existing-home sellers. Theyre also more responsive to demand than home sellers, as they can build at a pace to match demand.
With low housing inventory nationwide, agents are using innovative ways to find realestateseller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more realestateseller leads in 2024. Looking for more listing leads?
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
According to a new report from Clever RealEstate , 88% of homeowners have fears about selling, with concerns ranging from the stress of the process to financial uncertainties. i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,”script”,”infogram-async”,”[link] What Would Make Sellers Feel More Confident?
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.
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
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.
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.
This is measurable in both the total unsold inventory and the number of new listings each week. Because each week we have 815% more sellers than last year, the total inventory will continue to build unless and until demand shifts dramatically, which would require notably lower mortgage rates. Those do not seem imminent.
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
“Looking at markets by hotness tells us the strength of demand versus supply in each area relative to others and which markets heavily favor sellers.” Inventory is down for us about 33% compared to this time last year. There’s only about a two-month inventory in Haddonfield. Its just the way it is.
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. This probably reflects seller discouragement in a low-demand market, pulling their listings to wait until next year.
This shift is prompting realestate professionals and consumers alike to reevaluate implications of this marketing approach. Traditionally, this approach was reserved for sellers who prioritized privacy due to security concerns. However, an additional option for home sellers was added; a delayed marketing exemption period.
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.
At HousingWire , we have a debate about whether home sellers will freeze up again this year as mortgage rates stay stubbornly high. We’ve had seller growth for 18 weeks in a row. More sellers means more sales. And as a result, as inventory builds , the sales growth trend shows signs of slowing. So that rule holds.
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.
9, housing markets in the Tampa area came to a complete halt as sellers took their homes off the market. Realestate agents in the area put their business interests aside , and many reported helping their clients board up their homes and ensure they were prepared for the aftermath. It took longer for the markets to recover.
31, 2023, and has since reshaped the business practices for realestate brokerages and agents across the country. What does a realestate reporter do to mark the one-year anniversary of the Sitzer/Burnett jury verdict ? Funny you should ask.
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