Housing Wire

APRIL 15, 2024

Taking the top spot as the greatest challenge was low inventory , with nearly half (49%) of respondents ranking that as their biggest challenge. Some agents also reported that they show their seller clients what other sellers in the area were offering in terms of buy-side commissions.

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Inventory Agents Real Estate Sellers 446

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 316

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

Inventory 397

Inventory Housing Market Marketing Real Estate 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.

Inventory 419

Inventory Buyers Agents Inspection 419

Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. One thing that I have stressed is that higher mortgage rates can create a slowdown in demand and thus allow more inventory to accumulate through a weakness in demand. million to 1.93

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Inventory New Listings Housing Market Sellers 526

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.

Sellers 370

Sellers Marketing Inventory Housing Market 370

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.

Inventory 505

Inventory Contracts New Listings Mortgage 505

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 446

Housing Wire

APRIL 11, 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?

Inventory 514

Inventory Housing Market Marketing Modernization 514

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.

Real Estate 446

Real Estate Sellers Real Estate Agent Tools 446

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

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.”

Buyers 465

Buyers Housing Market Marketing Sellers 465

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?

Inventory 435

Inventory Housing Market Marketing Modernization 435

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.

Inventory 454

Inventory Housing Market Inspection Sellers 454

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.

Marketing 353

Marketing Inventory Construction Realtors 353

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

Cleveland Appraisal Blog

APRIL 26, 2023

With a shortage of housing inventory persisting, some are resorting to building their own home. If you decide to use a realtor it can make the experience much smoother, much easier and ultimately far better for you as a buyer. Time savers: Because buying land can be a time-consuming process, you may want to use a realtor to save time.

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Realtors Buyers Real Estate Agent Appraisal 271

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.

Agents 422

Agents Realtors Sellers Brokerage 422

Housing Wire

SEPTEMBER 30, 2024

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 According to Lisa Comito, the president of Greater Bergen Realtors and a broker at Howard Hanna Rand Realty. in early May to 47.88 as of Sept. As of Sept.

Housing Market 376

Housing Market Marketing Inventory Agents 376

Housing Wire

NOVEMBER 4, 2024

As a real estate reporter, it was not lost on me that the formal start of my house hunt would coincide almost perfectly with the real estate industry working through the nationwide implementation of the business practice changes outlined in the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement.

Agents 435

Agents Inspection Real Estate Sellers 435

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.

Agents 469

Agents Marketing Sellers Buyers 469

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. Sellers think it’s a seller’s market. Altos considers a score above 30 to be indicative of a seller’s market.

Housing Market 451

Housing Market Marketing Sellers Buyers 451

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 440

Inventory Real Estate Agent Sellers Buyers 440

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 410

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 482

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.

Mortgage 456

Mortgage New Listings Inventory Sellers 456

Appraisal Buzz

JULY 23, 2024

According to the National Association of REALTORS , existing-home sales decreased in June while the median sales price increased to the highest amount ever recorded for the second consecutive month. Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. million units in the total housing inventory, up 3.1%

Inventory 395

Inventory Inspection Realtors Sellers 395

Housing Wire

SEPTEMBER 25, 2024

Meanwhile, sellers who locked in a record-low mortgage rate of 3% or less during the pandemic have been reluctant to sell, limiting supply further and leaving fewer options for would-be buyers. Given what is indicated in the National Association of REALTORS report on international transactions, it may not be the buyer you expect.

Investors 446

Investors Construction Real Estate Inventory 446

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 500

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

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

Marketing 492

Marketing Inventory Housing Market Buyers 492

Housing Wire

OCTOBER 29, 2024

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. And it is a little bit early, but some of the preliminary data I have looked at show that sellers are continuing to pay buyer agent compensation.”

Marketing 447

Marketing Real Estate Sellers Buyers 447

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%

New Listings 467

New Listings Real Estate Realtors Inventory 467

Housing Wire

SEPTEMBER 9, 2024

While not yet reaching the trillion-dollar mark, Miami ‘s total real estate value, including both residential and commercial properties, was estimated at approximately $650 billion as of 2023, according to the Miami Association of Realtors. As of Sept. In 2023 they totaled $1,237,333,276 in total volume.

Real Estate 440

Real Estate Agents Marketing Real Estate Agent 440

Housing Wire

SEPTEMBER 20, 2024

In a new episode of the HousingWire Daily podcast , Editor in Chief and host Sarah Wheeler sits down with eXp Realty CEO Leo Pareja to discuss the National Association of Realtors ‘ (NAR) commission lawsuit, the new rules that agents are facing, and how eXp is helping agents navigate these challenges to thrive in the marketplace.

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Agents Brokerage Real Estate Tenants 434

Housing Wire

NOVEMBER 6, 2024

Zillow also touched on issues facing the real estate industry, including the Clear Cooperation Policy (CCP), the National Association of Realtors ‘ (NAR) rule that requires Realtors to post properties on a NAR-affiliated multiple listing service within a day of signing a listing agreement with a home seller.

Mortgage 396

Mortgage Real Estate Real Estate Agent Realtors 396

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.

Buyers 492

Buyers Housing Market Sellers Inventory 492