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 Investor 545

Housing Wire

AUGUST 8, 2024

17 , Simonsen has a few different markers he will be watching, including list-to-sale price ratio, days on market and the number of deals that fall through. “In In a normal market, homes sell and list for really close to the same dollar amount. As these business practice changes begin Aug.

Debt-to-income ratio 488

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

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. However, sales shot right back up higher, quickly.

Days on market 538

Days on market Loans Sales Mortgages 538

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

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said.

Marketing 448

Marketing Residential Construction Sales 448

Housing Wire

JUNE 6, 2023

“Residential real estate activity picked up in most Districts despite continued low inventories of homes for sale,” the report states. In return, the lack of inventory of homes for sale pushed demand for rental properties in some areas — including New York, Chicago, St. Louis, Kansas City Federal Reserve districts.

Residential 459

Residential Construction Finance Sales 459

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.

Marketing 385

Marketing Equity Days on market Sales 385

Housing Wire

OCTOBER 28, 2024

We track inventory and home sales very closely, so the biggest surprise this year has been the resiliency of home prices. There were another 9000 new listings/immediate sales this week. These are the homes that got listed for sale and took offers and went into contract within just a few days of listing.

Mortgages 475

Mortgages Sales Marketing As-is 475

Housing Wire

JUNE 8, 2022

Verification solutions provider Xactus wants to court more lenders through its active listing data in a tight housing market. Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood.

Short sale 370

Short sale MLS Banks Loans 370

Housing Wire

APRIL 15, 2022

The goal of higher rates, in my view, is to cool down price growth and get more days on the market. We are still seeing numbers in the teens for days on market, which isn’t good. We would like to get this back to 30 days, but anything in the 20s is a victory. Some data to consider: 1. million in January of 2019.

Mortgages 511

Mortgages Marketing Sales Days on market 511

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close.

Agents 476

Agents Equity New Construction Days on market 476

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday. Days on market increased slightly but remained below historic averages.

Mortgages 448

Mortgages Residential Construction Lending 448

Housing Wire

FEBRUARY 27, 2023

Some homebuyers have bought a home, which will show up in the upcoming sales data, as we saw a positive number in today’s pending home sales report. Last week on CNBC I said I wasn’t surprised that new home sales data did better than anticipated, and we should see better existing home sales data in the next report.

Marketing 476

Marketing Mortgages Days on market Sales 476

Housing Wire

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. Following dampened activity from buyers, sellers provided increased concessions, such as temporary rate buydowns or paying closing costs to complete sales, the report noted.

Marketing 370

Marketing Residential Construction Sales 370

HomeLight

APRIL 18, 2022

The amount of time a home spends on a market (a statistic known as “days on market”) depends on a variety of factors like location, market trends, how your listing is marketed, and pricing. For instance, in Lafayette, LA the median days on market spent is 72 days, while in Atlanta, GA that number is 33 days.

Days on market 122

Days on market Marketing Inspection Staging 122

Keeping Current Matters

SEPTEMBER 2, 2021

Today, the average mortgage rate stands at 2.87%, which is very close to the historic low. Months’ Supply of Inventory (Homes for Sale). According to NAR : “Months’ supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace. 1980s: 12.7%.

Marketing 313

Marketing Days on market Residential Mortgages 313

Housing Wire

MAY 14, 2024

In March, first-time buyers were responsible for 32% of sales, up from 26% in February and 28% a year prior, according to data from the National Association of Realtors. Real estate professionals in Santa Monica attribute the increased share of first-time buyers to having fewer move-up buyers in the market.

Backup offer 448

Backup offer Days on market Inspection Marketing 448

Keeping Current Matters

MAY 10, 2021

Low mortgage rates are in your favor when you’re ready to purchase your dream home, and high buyer demand may give you the leverage you need to negotiate the best contract terms on the sale of your house. month supply at the current sales pace , marginally up from February’s 2.0-month Days on the Market.

Renovation 340

Renovation Days on market Sales Closing 340

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 Last year we were still adjusting from the effects of the pandemic market, but now the trends seem to be getting back to our baseline, which is more like our 2019 market,” Smith said.

Marketing 448

Marketing Seller concession Due diligence Days on market 448

Housing Wire

JUNE 28, 2024

“There isn’t a whole lot of time during the year where it is super slow because we have a lot of vacation buyers, but pre-COVID, between Columbus Day and Thanksgiving, when the mountains were just starting to open, was typically slow. In Grafton County, the seven-day average has jumped from 21 days in early May to 35 days in late June. “As

Marketing 397

Marketing Days on market Agents Inspection 397

Housing Wire

JULY 25, 2022

Several leading housing-market economists also are projecting the deceleration in home prices will continue in near the future as homebuyer demand ebbs — with one economist even predicting that prices will decline in some particularly hot markets across the nation. So, home sales have really gotten completely hammered,” Zandi said.

Marketing 418

Marketing Residential Construction Mortgages 418

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. From the index : I know it seems strange, but existing home sales are falling, and the monthly supply of new homes is at 10.9 million listings.

Bankruptcy 397

Bankruptcy Days on market Sales Short sale 397

Housing Wire

JANUARY 23, 2023

In the last existing home sales report, we hit 970,000. I believe we can have a more functioning housing market if inventory rises to that level, but we still have a long way to go. As days on market grow, more houses will naturally stay on the market longer, which can increase total inventory levels, similar to what we saw last year.

Marketing 516

Marketing Mortgages Sales As-is 516

Housing Wire

JANUARY 12, 2023

metropolitan areas, the number of homes for sale was up 74.6% Although demand has softened compared to last year, pushing home price growth into single-digit territory for the first time in 12 months, moderation in home price growth may encourage more buyers to return to the market in the months ahead.

Mortgages 534

Mortgages Marketing Days on market Closing 534

Housing Wire

SEPTEMBER 14, 2022

The economic standoff between rising inflation and rising interest rates continues to weaken the housing market nationwide, with home sales falling across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book report. Existing-home sales continued to fall slightly.

Industrial 370

Industrial Residential Construction Mortgages 370

Housing Wire

OCTOBER 10, 2023

A CMA report includes information on similar, comparable properties in the area, including recent sales, active listings and current market trends. Sellers would be able to carefully review comparable properties on the market as well as those that have successfully closed. They are more appropriate for an appraisal.

Marketing 435

Marketing Agents Closing Renovation 435

RIS Media

OCTOBER 19, 2020

The streak of record-shattering home sales stretched to three months in September, as closings rose 21.1 On average, homes sold in a mere 39 days—a full week faster than in September 2019. percent year-over-year as the number of homes on the market dropped to an all-time low in the 13-year history of the report.

Branding 135

Branding Sales Days on market MLS 135

Housing Wire

JULY 10, 2024

In addition to more days on market for homes at higher price points, Campos said he has also seen some price reductions on listings at the higher end of the market. But most of the bids in a multiple offer are just flat offers with a 30-day possession window after closing.” And that is pretty significant.”

FHA loan 431

FHA loan Inspection Agents Marketing 431

Housing Wire

OCTOBER 24, 2022

And, there are fewer immediate sales. But it’s clear that the dramatic shift in the market is about more than just seasonal fluctuations. Given that we may see unseasonal inventory trends in the coming months, I now anticipate that we’ll end the year at around 490,000 homes for sale. We’ll be watching our data closely.

Marketing 345

Marketing Mortgages Equity Days on market 345

Housing Wire

FEBRUARY 27, 2024

In this SmartZip review, we’ll look at how SmartZip’s suite of products use data, predictive analytics, automated marketing and lead nurturing to target homeowners who are ready to sell their homes. This snapshot can give you insight into how home values are performing for the market you want to focus on. Let’s learn how.

Branding 458

Branding Land Brokerage Agents 458

Housing Wire

APRIL 22, 2024

If you opt for the handwritten note option, I’d shorten this by removing the last paragraph and jumping straight from the data to the closing sentence. You’ll want to include the list price, sale price, and days on market. Your neighbors at (address) just sold their property for (sale price). Great news!

Brokerage 461

Brokerage Investor Agents Pre-approval 461

Housing Wire

JULY 10, 2024

In this article, I’ll share close to two decades of experience as a licensed agent and small brokerage owner in Boston to help you compete and win listings with a dynamite listing presentation. Market Inventory: What is the current market and micro-market inventory?

Staging 435

Staging Agents Renovation Marketing 435

HomeLight

AUGUST 17, 2024

But what is a quick sale? In this post, we’ll provide context into what might be considered a quick sale and what you can do to speed up the process. Sell Your House Fast with an All-Cash Offer Get an all-cash, no-obligation offer in 24 hours through HomeLight’s Simple Sale platform. What is a quick sale?

Sales 105

Sales Closing Inspection Agents 105

Housing Wire

OCTOBER 20, 2023

Just sold stories If your clients are willing to be featured on your socials, celebrate their sale. Market updates Future clients, whether buying or selling, want to feel assured that their real estate agent has a firm grasp on the happenings of the market.

Agents 434

Agents Lending Staging Renovation 434

Housing Wire

AUGUST 25, 2024

Agently Brokerage pricing: $459 per month for up to 20 users Contract required: None Integrations: Follow Up Boss, Sierra Interactive, kvCORE, Chime Agently is a gamified agent productivity app that simplifies agent onboarding, accountability and training to help agents stay motivated to hit sales goals.

Brokerage 434

Brokerage Branding Agents MLS 434

HomeLight

JUNE 9, 2023

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. Purchase mortgages today are taking over 40 days to close on average.

Home sale contingency 145

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 145