Housing Wire

JULY 24, 2024

RealReports , a proptech firm that offers an artificial intelligence-based platform for property data , announced a new partnership this week with the San Francisco Association of Realtors (SFAR) to provide access to its tool to an estimated 5,000 members in the Bay Area. Inventory is low, rates remain high, and lawsuits abound,” Gorman said.

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Realtors Tools Real Estate Agent Real Estate 456

Housing Wire

SEPTEMBER 5, 2024

It was the 10th straight month of annualized growth and for-sale inventory is now at its highest level since May 2020. This dovetails with recent pending sales data from the National Association of Realtors. from August 2023, “indicating that the inventory of smaller and more affordable homes continues to grow in share.“

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Inventory Buyers Sellers Mortgage 466

Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. NAR lists the current inventory at 1.22 This is not a positive for the housing market.

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Inventory Marketing Housing Market New Listings 493

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? Normally by this point in September, available inventory is declining slightly each week.

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Housing Wire

MARCH 29, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

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Inventory Housing Market Marketing Modernization 435

Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We being outbound. “We

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Inventory Housing Market Marketing Real Estate 385

Appraisal Buzz

SEPTEMBER 9, 2024

Redfin has reported that following revisions to industry rules required by the National Association of Realtors lawsuit settlement , commission negotiations have grown more regular in certain markets and at higher price points. I recently had a seller decide to offer 1.5%. That will likely drive fees down over time.”

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Sellers Buyers Agents Advertising 397

Housing Wire

JULY 10, 2024

“Anything under $300,000 or $350,000 has really good activity, but above that, I think interest rates have really affected buyers in those price ranges,” said Eddie Campos, the president of Northwest Ohio Realtors and an associate at RE/MAX Preferred Associates. “I 1 challenge for his buyers is the current inventory situation.

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Inventory Buyers Agents Inspection 411

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings. Literally since Jan.

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Insurance Inventory Marketing Real Estate 444

Housing Wire

MARCH 22, 2024

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. If you want a shot at generating seller leads online, you need one, too.

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Real Estate Sellers Real Estate Agent Tools 444

Housing Wire

AUGUST 22, 2023

“Home sellers are buyers” — this is a phrase that I have been using in my economic work to explain the reality of the housing market recently. So, when home prices and mortgage rates rise so quickly, some sellers won’t list , which means they’re not buying either. Unsold inventory sits at a 3.3-month million in July.

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Sellers Marketing Inventory Housing Market 370

Housing Wire

NOVEMBER 4, 2024

As real estate 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.

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Buyers Sellers Agents Real Estate 312

Housing Wire

OCTOBER 1, 2022

The monthly Realtors Confidence Index helps to dispel many of the myths and cut through the noise of what is currently happening in the market. The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market.

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Realtors Housing Market Marketing Buyers 418

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month

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Housing Market Marketing Inventory Sellers 542

Housing Wire

AUGUST 14, 2024

Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. This gave sellers the upper hand, but the market has turned in recent months. This has taken power away from sellers, who now face a shortage of potential buyers. People still need to upsize or downsize.”

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Buyers Housing Market Marketing Sellers 462

Housing Wire

MARCH 28, 2024

month over month, according to the newest data released Thursday by the National Association of Realtors (NAR). Ongoing job gains are clearly increasing demand along with more inventory.” from January to February due to steadily growing inventory. Overall, active inventory grew 14.8% in February, up from 74.3 in January.

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Inventory Realtors Contracts Sellers 481

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

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Inventory Marketing Business Buyers 404

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

DECEMBER 16, 2022

The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. offers, according NAR’s REALTORS® Confidence Index. However, more buyer and seller equilibrium may revitalize the need for home staging.

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Buyers Realtors Inventory Sellers 497

Housing Wire

APRIL 18, 2024

million in February, according to a report released Thursday by the National Association of Realtors (NAR). The inventory of existing homes has been steadily increasing, despite elevated mortgage rates. At the end of March, total housing inventory sat at 1.11 Meanwhile, unsold inventory sat at a 3.2-month

Inventory 435

Inventory Real Estate Agent Sellers Buyers 435

Housing Wire

MAY 15, 2024

That’s a swing of 17% fewer sellers in just a matter of days. The National Association of Realtors , via its Seasonally Adjusted Annual Rate of Existing Home Sales series, reported that the peak home sales volume of 6.6 What’s not measured in the FHFA paper is how by 2023, seller volume had already been declining for nearly a decade.

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Mortgage New Listings Inventory Sellers 453

Housing Wire

SEPTEMBER 19, 2024

million, according to the National Association of Realtors (NAR). Sluggish sales left total housing inventory at 1.35 Despite inventory being considerably higher than last year, the median home price rose 3.1% After a modest monthly uptick in July, existing-home sales fell 2.5% That was a 4.2% decline compared to one year ago.

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Inventory Housing Market Inspection Sellers 450

Housing Wire

FEBRUARY 22, 2024

The housing market in the state of Florida saw higher median home prices, more real estate listings and a higher number of active listings during the month of January, according to data released Thursday by Florida Realtors , a state-based trade organization for real estate professionals. ” Closed sales of single-family homes grew 0.6%

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New Listings Real Estate Realtors Inventory 466

Housing Wire

SEPTEMBER 29, 2020

With mortgage rates poised to remain low for the near future, barring a sudden surge in inventory, it appears that upward price pressures should endure into the fall.”. surged to a 14-year high of 6 million at an annualized pace in August, the National Association of Realtors said in a report last week. Home sales in the U.S.

Inventory 542

Inventory Realtors Sellers Mortgage 542

Housing Wire

APRIL 14, 2023

The monthly Realtors Confidence Index is an essential measure of what real estate professionals are seeing in their local markets and how the market is evolving on a monthly basis. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market.

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Realtors Buyers Inventory Investors 459

Housing Wire

MARCH 6, 2023

With the industry cooling down slower than expected, LOs are having to work harder and get creative to overcome the double whammy of surging rates and a lack of inventory. It’s not so much that it’s more of a buyers market, but it’s less of a seller’s market,” Sam Wax, partner and loan originator at My Easy Mortgage , said.

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Loan Officers Inventory Real Estate Agent Buyers 397

Housing Wire

NOVEMBER 30, 2023

Homebuyer traffic will increase in 2024, fueled by lower mortgage rates and more existing-home inventory. At the same time, both buyers and sellers will have to reset expectations next year for persistently higher mortgage rates and more negotiations during the transaction.” Existing-home inventory will grow to 1.3 to $394,200.

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Buyers Housing Market Sellers Inventory 491

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). He also expects more sellers to enter the market, as they adapt to prolonged higher rates.

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Real Estate Inventory Sellers Realtors 482

Housing Wire

SEPTEMBER 9, 2024

The new rules mandated by the National Association of Realtors’ (NAR) antitrust settlement are designed to encourage more negotiations for buyer agent commissions. In markets with less inventory and more demand from buyers, sellers are taking advantage of this demand in negotiations on commissions.

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Agents Marketing Sellers Buyers 469

Housing Wire

NOVEMBER 4, 2024

As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. The available inventory of existing homes rose by 22% year over year in Q3 2034. New construction inventory has grown in recent months. Census Bureau. million units.

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Marketing Inventory Construction Realtors 362

Housing Wire

FEBRUARY 22, 2024

from December to a seasonally adjusted annual rate of 4 million in January, according to a report from the National Association of Realtors (NAR). In fact, by the end of January, for-sale housing inventory was at 1.01 While inventory is less depleted, it remains well below the pre-pandemic level of January 2019.

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Inventory Sellers Buyers Realtors 459

Housing Wire

SEPTEMBER 17, 2021

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. The report attributes this decrease to the normal seasonal slowdown, causing the shortage of inventory to slow as well. million and 1.92

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Buyers Inventory Real Estate Agent Sellers 468

Housing Wire

JULY 23, 2024

I have often discussed four months of supply and active inventory between 1.52 In the previous decade, active inventory ranged between 1.52 The affordability issues we are now seeing make the housing market more balanced in the supply levels between buyers and sellers. Unsold inventory sits at a 4.1-month million and 2.4

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Marketing Inventory Housing Market Buyers 491

Housing Wire

OCTOBER 2, 2024

Top Agent Network (TAN) is not backing down in its antitrust lawsuit against the National Association of Realtors (NAR). NAR is the only defendant in the newest version after the plaintiff filed a voluntary dismissal of the San Francisco Association of Realtors , which was originally named as one of the defendants.

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Agents Realtors Sellers Brokerage 415

Housing Wire

MAY 21, 2024

This policy will be a problem for veterans looking to use their VA loan benefit under the terms of the National Association of Realtors’ (NAR) commission lawsuit settlement agreement. In a letter to the VA, the MBA stressed that veteran borrowers will be disadvantaged if they lack the ability to compensate real estate agents.

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Buyers Agents Real Estate Agent Real Estate 523

Housing Wire

AUGUST 23, 2021

in July from the month prior, a report published by the National Association of Realtors on Monday found. A notable development: After a year of extremely tight housing inventory , the housing market is showing signs of finally adding housing stock. The inventory of unsold homes rose by 7.3% Existing-home sales grew by 2.0%

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Inventory Housing Market Buyers Realtors 488

Housing Wire

SEPTEMBER 3, 2024

In response, Bright MLS chief economist Lisa Sturtevant noted that while “declining rates are good for both buyers and sellers,“ rates are not yet low enough to alleviate the lock-in effect that has stopped many potential listings in their tracks. As rates fall, the rate gap is going to be less of an obstacle to sellers.

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Mortgage Inventory Buyers Sellers 499