Housing Wire

FEBRUARY 23, 2024

We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. However, the last four weeks have had negative trending data.

Sales 493

Sales Days on market Mortgages Investor 493

Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. We still have the unhealthy dynamics of noticeable sales declines, but prices are still growing year over year. The National Association of Realtors reported that existing home sales fell last month while prices increased yearly. Sales were down 5.4%

Sales 518

Sales Mortgages As-is Marketing 518

Housing Wire

NOVEMBER 11, 2024

As he has previously stated, Reffkin highlighted data such as days on market and price drop history, which is typically displayed alongside all listings in the MLS, as being problematic and harmful to home sellers. “I I believe days on market is the killer of value. The MLS is so incredibly pro-consumer. “The

MLS 370

MLS Brokerage Days on market Agents 370

Housing Wire

DECEMBER 22, 2021

The National Association of Realtors reported that existing home sales for November came in hot at 6.46 This number is above my sales trend peak of 6.2 million, which means we have now had three straight months of sales of over 6.2 Early in the year , I wrote that if existing home sales stay in a range between 5.84

Sales 516

Sales Investor Mortgages As-is 516

Housing Wire

NOVEMBER 21, 2023

Has the epic crash in existing home sales finally found a workable bottom to rise from? That created three months of positive purchase application data and gave us one of the most significant month-to-month sales prints ever recorded in history: from 4 million to 4.55 Year-over-year, sales tumbled 14.6% (down from 4.44

Sales 491

Sales Days on market Mortgages Investor 491

Housing Wire

DECEMBER 20, 2023

Did today’s existing home sales report give us a playbook for housing in 2024? I would argue yes, and the housing market today looks a lot like what we saw in late 2022. Year-over-year, sales fell 7.3% (down from 4.12 In 2022, we recorded the most significant single one-year home sales crash ever. million in November.

Sales 482

Sales Marketing Days on market Mortgages 482

Housing Wire

MARCH 21, 2024

Today’s existing home sales report was a massive beat , similar to what happened last year in this month. Will this mark the high point for sales this year like it did in 2023? This year, we’ve had eight positive purchase application reports and the sales were spread out over two months — last month and this month.

Sales 508

Sales Mortgages Days on market Investor 508

Housing Wire

MARCH 21, 2023

Existing home sales had a huge beat of estimates on Tuesday. To understand why we had such a beat in sales, you only need to go back to Nov. The weekly growth in purchase application data during those months stabilized housing sales to a historically low level. We understood why sales collapsed during COVID-19.

Sales 511

Sales Mortgages Bankruptcy Marketing 511

Housing Wire

MARCH 24, 2025

Before rushing to a price reduction for your real estate listing, its important to take a step back and evaluate all the factors that could be affecting the sale. Is the home being marketed effectively? Is the price aligned with current market conditions? These markets are very local and can last weeks, months or years.

Staging 362

Staging Sales Agents Marketing 362

Housing Wire

JANUARY 26, 2022

Today the Census Bureau ‘ s new home sales report came in as a beat of estimates at 811,000. The bearish take on housing for the second half of 2021 didn’t really pan out, especially in the new home sales sector. However, with that said, it’s still just an OK housing market for me based on how I view the new home sales market.

Sales 476

Sales Construction As-is Mortgages 476

Housing Wire

FEBRUARY 11, 2025

When I attended a national real estate conference last month, the Clear Cooperation Policy the provision requiring listings to be published on the MLS within 24 hours of marketing a property predictably surfaced as a hot-button issue. At one point, a poll asked the hundreds in the audience: What are your thoughts on Clear Cooperation?

MLS 343

MLS Brokerage Industrial Agents 343

Housing Wire

DECEMBER 10, 2021

As we approach the end of another hot year for the market, homebuyers and sellers are eagerly looking ahead to the 2022 housing market. Will the market continue its streak of strong growth, or are we finally about to see a slow down? I actually expected immediate sales to be dropping at this point, but it isn’t.

Marketing 543

Marketing Days on market Sales As-is 543

Housing Wire

DECEMBER 21, 2022

Existing home sales slid for the 10th consecutive month in November, as homebuyer demand continued to cool. The seasonally adjusted sales rate for existing homes fell 7.7% On a yearly basis, existing home sales are down 35.4%. On a yearly basis, existing home sales are down 35.4%. “In million homes, which represents 3.3

Sales 397

Sales Mortgages Principal Days on market 397

Housing Wire

JUNE 22, 2023

The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Nothing good happens in the housing market when the days on market are at a teenager level or lower. million in May.

Marketing 526

Marketing Days on market Sales Bankruptcy 526

Housing Wire

JUNE 21, 2024

Both existing housing inventory and home prices have been rising together year over year, which might seem odd at first glance since existing home sales are trending near all-time lows. Let’s keep it simple: total active listings are still below 2019 levels nationally, and the days on market are under 30 days today.

Days on market 482

Days on market Sales Mortgages As-is 482

Housing Wire

JANUARY 20, 2023

The phrase “in like a lion, out like a lamb” is typically used to describe the month of March, but it is also applicable to existing home sales trends in 2022. month-over-month increase in January , existing home sales trended downward throughout the rest of the year. On a yearly basis, existing home sales were down 34% in December.

Sales 397

Sales MLS Mortgages Marketing 397

Housing Wire

MARCH 26, 2025

Under the National Association of Realtors (NAR) new Multiple Listing Options policy, the trade group is allowing listing agents, with the signed consent and direct permission of their seller client, to delay publicly marketing a listing through Internet Data Exchange (IDX) feeds and syndication.

Marketing 207

Marketing MLS Brokerage Days on market 207

Housing Wire

JANUARY 12, 2022

This level, while historically still low, will mean the days on market will go higher, and this will give people choices. Here are two charts from the National Association of Realtors that will show that homes simply come off the market too fast to give housing a breather. million and 6.16 million and 6.16

Days on market 538

Days on market Loans Sales Mortgages 538

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. This is why the days on the market are so low historically after 2020.

Marketing 539

Marketing Sales Days on market Mortgages 539

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 This level is still within my 2022 forecast sales range between 5.74 Last year I discussed sales levels coming back down to 5.84 NAR Research : Total existing-home sales sank 7.2% million and 6.16

Marketing 542

Marketing Investor Sales Days on market 542

Housing Wire

JANUARY 22, 2021

Today the National Association of Realtors reported existing home sales for the month of December were at 6,760,000, a beat of estimates. This also closed the books on 2020’s housing market as we finished out the year at 5,640,000 total existing-home sales — a 5.6% increase from the same month in 2019.

Marketing 545

Marketing Sales Days on market Mortgages 545

Housing Wire

NOVEMBER 19, 2020

Existing home sales came in at a whopping 6,850,000 , beating estimates with the highest print since 2006. Days on market fell from 36 days to 21 days on a year-over-year basis. Cash buyers remain at a historically high level of 19%, the same as last year, while sales grew 26.6% The housing market is hot.

Marketing 545

Marketing Sales Days on market Mortgages 545

Housing Wire

APRIL 20, 2023

after coming off the single biggest home-sales crash year in history. As expected, existing home sales fell from February to March since the previous month’s report was intense. We have a workable range for 2023 sales in the existing home sales market between 4 million and 4.6 We only have 2.6 That isn’t happening.

Sales 531

Sales Days on market As-is Marketing 531

Housing Wire

FEBRUARY 28, 2024

The data examined below represents multiple listing service data and mortgage market analytics for San Diego County, as well as the state of California and the country as a whole from 2019 to 2023. Mortgage data paints a similar picture of the increasing competitiveness of the San Diego market. In 2022, however, only 55.3%

Marketing 459

Marketing VA loan Days on market Loans 459

Housing Wire

DECEMBER 6, 2024

We’ll also share best practices for developing and sending real estate newsletters and recommend some essential tools to make your email marketing stand out. Its up to us as agents to stay engaged and stay in contact with our clients. Lets dive in! Summary What is a real estate newsletter? Why send a regular real estate newsletter?

Pre-approval 397

Pre-approval Design Industrial Agents 397

Housing Wire

MARCH 14, 2025

Stats are the fuel to the fire of the real estate market and will make you exude confidence in conversations with potential clientsmaking them feel confident in hiring you to represent them. This proves your expertise to clients and allows you to provide them with knowledge about the real estate market.

Marketing 355

Marketing Commercial Agents Property Management 355

Housing Wire

OCTOBER 21, 2022

year-over-year decline in existing home sales in September and total inventory has now fallen on back-to-back reports. Earlier in the year, I labeled this a savagely unhealthy housing market based on the premise that Inventory would break to all-time lows, creating forced bidding and causing days on the market to collapse.

Sales 305

Sales Mortgages Marketing As-is 305

Housing Wire

MARCH 31, 2021

The NAR’s pending home sale index managed to fall below 100 in the Northeast (92.3) An index of 100 is equivalent to the level of pending sales in 2001. Although existing home sales dipped 6.6% in February, sales were still 9% higher than a year ago with just two months supply left to choose from. and West (96.9)

Sales 511

Sales Days on market Marketing Mortgages 511

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

Debt-to-income ratio 488

Debt-to-income ratio Marketing Mortgages Days on market 488

Housing Wire

JULY 10, 2024

The important message in the mortgage data is that even as the economy perhaps finally slows and even as mortgage rates stay higher for longer than anyone expected, the housing market remains buoyed by an incredible cushion of very strong borrowers. If I realize I must sell the house, and I’m met with very weak market conditions (No.

Equity 545

Equity Loans Mortgages Sales 545

Housing Wire

FEBRUARY 19, 2025

Buyers agents are not just bright smiles that open doors were the guide our clients rely on to navigate the homebuying process. This is when your buyers need you the most. Thats why having a definitive homebuying checklist is an essential part of your agent toolkit. Have you spoken to a lender? What is your reason for purchasing a new home?

Closing 364

Closing Earnest money deposit Due diligence Pre-approval 364

Housing Wire

SEPTEMBER 30, 2024

“We are seeing some price drops start to happen and a little bit longer days on market.” Fontantella isn’t the only one seeing slower market conditions in Bergen County. The Altos Research Market Action Index score for the county has dropped from a 90-day average of 54.63 in early May to 47.88 as of Sept.

Marketing 432

Marketing Home sale contingency Days on market Agents 432

Housing Wire

FEBRUARY 27, 2023

The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. The last two weeks in purchase apps look out 30-90 days. On a good note, however, inventory is higher than last year, which contributed to the savagely unhealthy housing market.

Marketing 476

Marketing Mortgages Days on market Sales 476

Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. Even this week, on tax day, it is still showing a decline.

Mortgages 511

Mortgages Marketing Sales Days on market 511

Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. There won’t be forced home sales like we saw in the crisis. Short sales are unlikely to reemerge unless there is a serious deterioration in borrowers’ ability to pay their mortgages. . The event is exclusively for HW+ members , and you can go here to register.

Marketing 505

Marketing Equity Mortgages Short sale 505

Housing Wire

JANUARY 22, 2025

Much of the criticism surrounding CCP has been about how certain information (like days on market and price drop history) can supposedly have a negative impact on a listing. But Carter believes this information is vital for consumers, as days on market helps a buyer negotiate a price while helping a seller with pricing strategy.

MLS 390

MLS Proof of funds Brokerage Days on market 390

Housing Wire

JULY 3, 2024

Today’s housing market suffers from affordability issues due to mortgage rates in the 7s and high home prices. People are quick to panic over any part of the housing market that looks stressed, fearing we’ll see 2008 levels of destruction all over again. The background to this difference in new listings is important.

Marketing 385

Marketing Equity Days on market Sales 385