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The mortgage rate lock-in didn’t start in 2022

Housing Wire

After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. We see the same pattern in the new listings rate each week.

Mortgage 409
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Midwest housing markets good for first-time homebuyers: Zillow

Housing Wire

The number of first-time homebuyers made up 32% of all buyers in 2023, according to a report released by the National Association of Realtors. The increase in new listings this spring, due both to new construction and to more homeowners choosing to sell, will give buyers more options and help to ease price growth.

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Pending home sales recede in January: NAR

Housing Wire

month over month in January, according to the newest data from the National Association of Realtors (NAR). We expect future pending home sales to improve over last year’s levels, though at a muted pace, given the pull-back in new listing growth,” CoreLogic chief economist Selma Hepp said in a statement. in December.

Contracts 424
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Pending home sales surged in December: NAR

Housing Wire

month over month in December, according to the newest data from the National Association of Realtors (NAR). But new listings activity grew by 9.1% Pending home sales rose 8.3% It was the largest monthly jump in pending home sales since 2020. NAR’s Pending Home Sales Index (PHSI) increased to 77.3 in December, up from 71.6

Contracts 450
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“Greetings from Missouri!” Millions are finding commission lawsuit postcards in the mail. Agents say it’s an opportunity

Housing Wire

We’ve signed 47 new listings year to date, and we’ve had plenty of conversations with other sellers that we didn’t sign, but there are a lot more conversations surrounding transparency,” Posnick said. It is further exasperating the negative stereotype some people have of Realtors. she asked. “It

Agents 424
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Existing-home sales have nowhere to go but up in 2024? 

Housing Wire

million, according to the N ational Association of Realtors. At the same time, existing inventory has likely already bottomed out and new listings are keeping steady despite normal seasonal declines. Existing-home sales dropped 4.1% in October from the prior month , reaching a seasonally adjusted annual rate of 3.79

Inventory 404
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Pending home sales are down 31% from last year

Housing Wire

according to data released Friday by the National Association of Realtors. Yun noted that new listings are down compared to a year ago, as many existing homeowners do not want to give up the 3.0% The new normal for mortgage rates could be around 7% for a while,” Yun added. in September.

Contracts 521