Housing Wire

OCTOBER 21, 2024

Despite the Florida hurricanes, and in the face of recently rising mortgage rates , unsold inventory of homes on the market climbed this week by about 1%. The seasonal changes in the housing market are very different from what they used to be with inventory peaking two or three months later in the year.

Sellers 414

Sellers Inventory New Listings Contracts 414

Housing Wire

OCTOBER 26, 2024

Since mid-2022 when mortgage rates headed higher , two facts have been apparent: new listings data has been trending at the lowest levels ever recorded in history and inventory has been able to grow from record low levels thanks to mortgage rates staying elevated. Let’s see what the data for last week tells us.

Inventory 494

Inventory Sellers New Listings Mortgage 494

Appraisal Buzz

SEPTEMBER 5, 2024

With the total number of homes on the market at its greatest point since May 2020 and interest rates about to start declining, buyers will have more options this autumn. Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% decrease from the previous year. “In overall to $429,990.

Sellers 397

Sellers Housing Market Buyers Marketing 397

Housing Wire

AUGUST 2, 2024

In addition to the slowing job growth, the cooling labor market conditions were also evident in a 0.2 Construction employment showed a small gain, as builders continue to work to add to housing supply given the ongoing shortage,” Mike Fratantoni, the Mortgage Bankers Association’s chief economist, said in a statement.

Marketing 487

Marketing Mortgage Construction Transportation 487

Housing Wire

OCTOBER 17, 2024

economy appears to be on firmer footing than previously thought, mortgage rates are forecast to end 2024 at 6% and home-price growth is also on the move. “This represents upside risk to the ESR Group’s latest mortgage rate forecast, which now sees the 30-year mortgage rate ending the year at 6.0%, down from last month’s 6.2%

Sellers 510

Sellers Mortgage Buyers Business 510

Housing Wire

DECEMBER 13, 2024

The recent CoreLogic Homeowner Equity Insights report for Q3 shows a continued positive trend of a lack of underwater mortgages in America today. Underwater mortgages where borrowers owe more on their home than what it is worth pose a risk of foreclosure and hinder people from selling their homes, something that was rampant after 2008.

Sellers 343

Sellers Mortgage New Listings Realtors 343

Housing Wire

AUGUST 8, 2024

Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing market. “I

Housing Market 446

Housing Market Marketing Mortgage Sellers 446

Appraisal Buzz

JUNE 14, 2024

There have only been two months in the last decade with fewer home sales: October 2023, when mortgage rates reached a 23-year high, and May 2020, when the pandemic brought the housing market to a halt and home sales to an all-time low. Experts predict sales may increase later this year if mortgage rates gradually fall as projected.

Sellers 435

Sellers Buyers New Listings Mortgage 435

Appraisal Buzz

NOVEMBER 26, 2024

As 2025 draws near, mortgage rates are once again in the news. Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. As the market gradually recovers, 2025 should bring more sales and relatively moderate increases in property values. increase in property values in 2025.

Housing Market 396

Housing Market Tenants Marketing Mortgage 396

Housing Wire

OCTOBER 4, 2024

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. This diversity allows for a comprehensive understanding of the market dynamics.

Real Estate 434

Real Estate Housing Market Real Estate Agent Marketing 434

Housing Wire

JULY 15, 2024

If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. Good inflation data came in last week, the bond market rallied and mortgage rates took a notable dip below 7% for the first time in months. Maybe we’re finally past the peak of mortgage rates ? Inventory is 38.5%

Housing Market 486

Housing Market New Listings Marketing Mortgage 486

Housing Wire

JUNE 15, 2024

Since May 29, we’ve witnessed a decline in the 10-year yield, which has been favorable for mortgage rates. 10-year yield and mortgage rates After the intense jobs week data , we ran straight into CPI and PPI inflation week, with a Fed meeting thrown in! Once mortgage rates began rising in 2024, some demand was removed.

Mortgage 471

Mortgage Inventory Marketing New Listings 471

Housing Wire

JANUARY 8, 2025

Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. of outstanding mortgages, around 8.7 million borrowers, carry a mortgage with an interest rate over 6%. had these cheap mortgages. People with expensive mortgages are more likely to sell their house.

Mortgage 468

Mortgage Inventory Finance Sellers 468

Housing Wire

FEBRUARY 20, 2024

Mortgage rates are back over 7%. Even as money is more expensive and there are more sellers than a year ago, we can also see slight home sales growth over 2023. The housing market data has been changing very rapidly this year. For the housing market bears out there, any rising inventory is a red flag for the market to crash.

Mortgage 497

Mortgage Inventory Sellers New Listings 497

Housing Wire

APRIL 1, 2024

The recent settlement involving the National Association of Realtors and major real estate firms revolves around the practice of “broker cooperation,” where agents representing sellers share commissions with agents representing buyers. Last year, mortgage rates increased from 3% to 8% and home prices still increased in most markets.

Sellers 471

Sellers Real Estate Agents Buyers 471

Housing Wire

OCTOBER 7, 2024

Ironically, a strong employment situation in the country drives the bond market to higher rates. After the recent lows with mortgage rates this week, the 30-year fixed rate jumped back up over 6.5%. The purchase market is slower to respond, and the data now is still showing the positive impact of lower rates of recent weeks.

Housing Market 438

Housing Market Marketing Mortgage Contracts 438

Housing Wire

JANUARY 9, 2025

Despite the frequency of departures, real estate agents in the state say the housing market remains strong. On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. Statewide, the housing market has a 90-day average Altos Market Action Index score of 44.18 as of Jan.

Housing Market 400

Housing Market Inventory Marketing Sellers 400

Housing Wire

JULY 6, 2024

This is precisely what the doctor ordered for the housing market. In March of 2022, we only had 240,000 active single-family homes available for sale, leading me to call the housing market savagely unhealthy as we simply had too many people chasing too few homes. With more sellers who are buyers, we have a tad more demand this year.

Housing Market 465

Housing Market Mortgage Inventory Marketing 465

Appraisal Buzz

AUGUST 14, 2024

Mortgage relief is on the horizon for U.S. homebuyers as a strong economy bolsters the housing market, according to the Realtor.com 2024 Forecast Update. and 4.6%, respectively, despite ongoing challenges from elevated mortgage rates. and 4.6%, respectively, despite ongoing challenges from elevated mortgage rates.

Housing Market 395

Housing Market Marketing Mortgage Inventory 395

Housing Wire

MAY 14, 2024

reaches its peak homebuying season, mortgage rates continue to ease week over week. HousingWire ’s Mortgage Rates Center showed the average 30-year fixed rate for conforming loans at 7.45% on Tuesday, below the rate of 7.51% one week ago. Since the softer labor reports happened, mortgage pricing has improved. As the U.S.

Mortgage 512

Mortgage New Listings Inventory Sellers 512

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

DECEMBER 9, 2024

Weve now been in the post-pandemic housing market recession market as long as we were in the pandemic boom. Does the housing market start to get back to normal? The number of unsold homes on the market is finally getting closer to 2019 levels. The MBAs mortgage applications data has been surprisingly strong.

Housing Market 416

Housing Market Marketing Inventory Sellers 416

Housing Wire

NOVEMBER 23, 2024

It has been almost two months since mortgage rates spiked again, and my initial thought was this would tank housing demand. We had a positive 18-week period with purchase applications before mortgage rates started rising in September. Initially, the data showed more robust performance as mortgage rates approached 6%.

Mortgage 488

Mortgage Inventory New Listings Contracts 488

Appraisal Buzz

DECEMBER 30, 2024

If youre thinking about buying or selling a house and wondering about the housing market, youre not the only one. The real estate 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! Will Interest Rates Go Down in 2025?

Housing Market 363

Housing Market Marketing Inventory Real Estate 363

Housing Wire

SEPTEMBER 12, 2024

Lower mortgage rates over the past several months have led to increased affordability for prospective homebuyers, and this could lead to an extra competitive fall 2024 season. median monthly mortgage payment in August had declined by more than $100 since peaking in May. Zillow noted that the U.S. Zillow noted that the U.S.

Housing Market 476

Housing Market Marketing Inventory Buyers 476

Housing Wire

APRIL 27, 2024

I have a simple model with mortgage rates being above 7.25%: weekly inventory data should grow between 11,000-17,000 per week. When mortgage rates increase, demand falls and the price-cut percentage grows. The mortgage spread data got worse last week. Last year, we never hit that target. 2022: 19.2%

Inventory 510

Inventory Housing Market Marketing New Listings 510

Housing Wire

JANUARY 8, 2024

2023 started with recovery, but slowed down in Q3 as mortgage rates hit 8%. Could the housing market change and slow again in 2024? The data does not show any slowing on any of the active market metrics. Sellers are coming back There are 499,000 single-family homes unsold on the market now. Home sales are growing.

Real Estate 506

Real Estate Marketing Inventory New Listings 506

Housing Wire

DECEMBER 23, 2023

housing market and that they need to be pro-housing again. Even with all the drama we have dealt with in 2022-2023, the housing market stayed intact and never broke. However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. This is a big Merry Christmas gift for the housing market.

Housing Market 519

Housing Market Marketing Inventory New Listings 519

Housing Wire

AUGUST 14, 2024

Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. The deal is indicative of how details matter in a market like Denver where home-price growth has slowed dramatically after a surge in post-pandemic migration to the metro area caused valuations to rise sharply in a short period of time.

Buyers 410

Buyers Housing Market Marketing Sellers 410

Housing Wire

JULY 23, 2024

Mortgage rates continue to move lower this week even as higher borrowing costs have kept activity subdued across many areas of the housing market. There were a record number of apartments delivered in many markets last year, but builders appear to be pulling back to avoid a glut of supply. Data from the U.S. in 2024 and to 6.4%

Mortgage 510

Mortgage Real Estate Agent Finance Buyers 510

Housing Wire

OCTOBER 21, 2024

real estate market is marked by contradictions that are leaving many confused. Mortgage rates, rental patterns, homeownership dreams, and housing trends across the country are all seemingly colliding in ways that create both opportunities and uncertainties. Many of those in the market to buy a home are frustrated by this mismatch.

Real Estate 470

Real Estate Marketing Insurance Property Taxes 470

Housing Wire

AUGUST 26, 2024

Unsold inventory in the two biggest housing markets in the country, Texas and Florida, declined this week. First, mortgage rates are falling, whereas last year they were rising. This probably reflects seller discouragement in a low-demand market, pulling their listings to wait until next year.

Inventory 407

Inventory Marketing Sellers New Listings 407

Housing Wire

JANUARY 2, 2024

real estate market is in and it may surprise you, but pretty much all the signals for housing in 2024 are pointing for growth now. This implies that there are more than enough buyers at these prices and these mortgage rates to keep activity happening in housing. The defining characteristic of 2023 was how few sellers we had.

Housing Market 530

Housing Market Marketing Inventory Contracts 530

Housing Wire

AUGUST 6, 2024

Mortgage rates are dropping fast. Mortgage rates are now the lowest they’ve been in over a year. Last year at this time, mortgage rates were rising, eventually peaking at 8% in October 2023. That late year rise in costs really slowed the housing market. That late year rise in costs really slowed the housing market.

Mortgage 473

Mortgage Inventory New Listings Contracts 473

Housing Wire

NOVEMBER 18, 2024

What will the housing market look like in 2025? For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more. Mortgage rates continue to move higher and that’s impacting buyers. Frankly, it feels like the housing market is contracting a bit now in November.

Housing Market 442

Housing Market New Listings Marketing Inventory 442

Housing Wire

MARCH 2, 2024

The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. The idea is that nobody will trade their low mortgage rates to buy another home — even though this happened every week last year. With mortgage rates higher, will this stop inventory from growing year over year?

Inventory 534

Inventory Mortgage New Listings Housing Market 534

Housing Wire

FEBRUARY 23, 2024

Although the Greater Boston area may still be plagued by persistently chilly temperatures, its housing market is still red-hot. According to data from Altos Research , the Boston-Cambridge-Quincy, MA-NH metropolitan area was the hottest housing market nationwide as of Feb. Altos considers anything over 30 to be a seller’s market.

Housing Market 492

Housing Market Marketing Inventory Buyers 492