Housing Wire

JANUARY 20, 2025

We counted 10% fewer home sales for the week than the same week a year ago. In the fourth quarter of 2024, sales were coming in at 5% to 10% more than the year prior. Those sales gains have evaporated and even reversed. This housing market is on hold until mortgage rates come down. There are 177,000 condos on the market.

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Sales Mortgages Staging Fixed-rate mortgage 397

Housing Wire

APRIL 1, 2024

Everyone knows it’s been a very dry 18 months for home sales. But now sellers are coming back into the market. All of these signals point to rising home sales in 2024. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. There were another 15,000 condo sales started.

Sales 488

Sales Mortgages Closing Staging 488

Housing Wire

DECEMBER 19, 2024

The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 The jump in sales gives the market momentum heading into 2025, which is expected to outperform 2024. The growth also bucks the historic trend of sales dropping between October and November.

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Housing Wire

MARCH 28, 2024

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. More than a few real estate agents will roll their eyes and sigh when asked by a client, upon the signing of a sales contract, “What’s next?” But there’s also room for improvement.

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Housing Wire

JUNE 14, 2024

Elevated mortgage rates, high home prices and a lack of for-sale listings continue to hamper U.S. home sales, with Redfin reporting Friday that sales in May 2024 dropped to one one of the lowest levels of the past decade. The annualized rate of home sales, adjusted for seasonality, fell below 408,000 last month.

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Sales Brokerage Mortgages Marketing 488

Housing Wire

NOVEMBER 27, 2023

If you follow real estate data closely, you’ll know that inventory rose late into November. However, what you might not know is that home sales are climbing, which is a good sign. Watch the video above to get the latest housing market update from Altos Research. Inventory hit 566,000 homes on the market, meaning there are 0.5%

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Housing Wire

NOVEMBER 4, 2024

The hardest position to take in analyzing the housing market is one that is contrarian and bullish. When everyone knows that the housing market is sluggish and weak, but the data shows surprising strength. Home sales are significantly better than they were last year at this time. more homes on the market than last year.

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Sales Staging Mortgages Closing 393

Housing Wire

APRIL 23, 2024

New home sales have been one of the brighter housing stories since the home sales crash in 2022 — as we can see in the chart below, new home sales have been able to grow since then. When we take a more extended look at new home sales, we aren’t working from an elevated level — slow and steady wins this race.

Sales 514

Sales Staging Mortgages Residential 514

Housing Wire

SEPTEMBER 30, 2024

The rate of home sales is picking up! It’s not a big rush of home sales of course, we’re just looking for any signs of resuscitation, and we can finally start to see some. It’s not a big rush of home sales of course, we’re just looking for any signs of resuscitation, and we can finally start to see some.

Sales 459

Sales Mortgages Closing Investor 459

Housing Wire

JUNE 26, 2024

Homebuilders with unsold inventory are feeling the pinch of high mortgage rates — and it’s showing up in new-home sales data. Census Bureau ’s new-home sales report for May shows that transactions took a nosedive to a seasonally adjusted annual sales volume of 619,000. months at the current sales rate in May. It was at 8.1

Sales 459

Sales MLS Closing costs Equity 459

Housing Wire

SEPTEMBER 19, 2024

The Federal Reserve ’s interest rate cut on Wednesday, which was larger than some people expected, couldn’t have come at a better time for the housing market. After a modest monthly uptick in July, existing-home sales fell 2.5% Sluggish sales left total housing inventory at 1.35 Regionally, sales results weren’t much better.

Sales 459

Sales Closing costs MLS Inspection 459

Housing Wire

DECEMBER 28, 2024

The most positive development in the housing market over 2024 has been the increase in active housing inventory , which is approaching the levels seen in 2019. Although those 2019 levels represent a five-decade low before COVID-19, the market was still functioning better than it did from 2020 to 2023. Weekly inventory change (Dec.

Marketing 514

Marketing Mortgages Sales Finance 514

Housing Wire

DECEMBER 21, 2024

Federal Reserve Chairman Jerome Powell played the Grinch last week for the housing market, sending mortgage rates higher after his remarks at the Fed presser on Wednesday. Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures.

Marketing 504

Marketing Mortgages Sales As-is 504

Housing Wire

APRIL 29, 2024

It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. The more optimistic take is that more sellers will result in more sales. Even if the imbalance of more sellers than buyers continues, more sales will happen, especially compared to last year at this time. orate further?

Marketing 508

Marketing Mortgages Sales As-is 508

Housing Wire

FEBRUARY 23, 2024

housing market. And according to Freddie Mac ‘s Primary Mortgage Market Survey, the average rate inched closer to 7% this week. Fannie Mae, however, remains optimistic that housing market activity will pick up as existing home sales and new single-family housing starts are expected to grow modestly in 2024.

Marketing 488

Marketing Fixed-rate mortgage Sales Mortgages 488

Housing Wire

FEBRUARY 13, 2024

According to a survey released Tuesday by John Burns Research & Consulting , the top 50 MPCs sold more than 34,600 new homes in 2023, up 24% from the nearly 28,000 sales in 2022. And in 2023, each of the top 50 communities sold at least 368 homes, although that’s fewer than the 2021 record of 460 sales per community.

Sales 482

Sales Principal Staging Construction 482

Housing Wire

AUGUST 26, 2024

Unsold inventory in the two biggest housing markets in the country, Texas and Florida, declined this week. There are fewer homes for sale now than a week ago. This probably reflects seller discouragement in a low-demand market, pulling their listings to wait until next year. real estate market as of mid-August 2024.

Marketing 468

Marketing Sales Finance Mortgages 468

Housing Wire

DECEMBER 20, 2024

Home sales in 2024 have been well below historic norms. Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. Price growth is slowing down so there’s less flippers in the market. But even investors have purchased fewer homes this year.

Investor 448

Investor Marketing Sales Mortgages 448

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Every Saturday I publish a weekly housing market tracker with forward-looking data and insights so you can adjust quickly to market conditions. Instead, they closed 2023 at 6.67%.

Marketing 531

Marketing Construction Sales Mortgages 531

Housing Wire

DECEMBER 16, 2024

As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Almost every market in the country has more homes available now than at the end of 2023. A few states have more homes on the market now than any time in the last eight to 10 years.

Marketing 418

Marketing Sales As-is Closing 418

Housing Wire

AUGUST 21, 2024

Fannie Mae’s Economic and Strategic Research (ESR) Group downgraded its forecasts for 2024 and 2025 home sales based on a number of reliable metrics that have “barely budged in response to the more favorable rate environment.“ million home sales in 2024 (down from 4.81 million sales in 2025 (down from 5.26

Sales 476

Sales Mortgages Land Construction 476

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. Sales rates are climbing. While a robust housing market is generally a positive thing, this is not all good news to every person. The sales are growing in 2024. Each line is a year.

Marketing 531

Marketing Staging Equity Sales 531

Housing Wire

NOVEMBER 18, 2024

For real estate agents, this economic reality can present both challenges and opportunities, and determine strategies in markets across the country. New York and Arizona follow closely with about 69,000 and 56,000 agents, respectively. Home insurance premiums have climbed 45% from 2017 to 2022, contributing to a slowing sales market.

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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

OCTOBER 7, 2024

Home sales and home prices have been improving for several weeks. Ironically, a strong employment situation in the country drives the bond market to higher rates. The purchase market is slower to respond, and the data now is still showing the positive impact of lower rates of recent weeks. Last year’s home sales were low.

Mortgages 476

Mortgages Marketing Sales As-is 476

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). “The bond market is forcing the Fed to pivot.”

Sales 482

Sales New Construction Staging Mortgages 482

Housing Wire

DECEMBER 10, 2024

The housing market got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. The turbulence in rates has trickled down to individual markets like Cincinnati, where real estate agents say they dont know what to expect from sale to sale. That has really boosted up a lot of our sales.

Marketing 370

Marketing Land Sales Mortgages 370

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. We know sales are inching up, too. Two and a half years.

Marketing 418

Marketing Sales As-is Mortgages 418

Housing Wire

JULY 26, 2024

The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housing market sentiments and challenges faced by real estate agents, brokers, and mortgage professionals. The survey reveals a generally cautious optimism among these sectors, despite varied expectations regarding market trends over the next three months.

Marketing 482

Marketing MLS Mortgages Agents 482

Housing Wire

APRIL 12, 2024

After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. Additionally, the state’s 90-day average Altos Market Action Index score was 32.75 Altos classifies scores above 30 to be indicative of a sellers’ market.

Debt-to-income ratio 459

Debt-to-income ratio Marketing Closing costs Agents 459

Housing Wire

SEPTEMBER 9, 2024

Miami stands as one of the most dynamic and valuable real estate markets in the United States. This places Miami among the top-tier real estate markets in the country, attracting both local and international buyers and driving intense competition among real estate agents. Each closed over 50 transaction sides in 2023.

Agents 461

Agents Marketing Commercial Residential 461

Housing Wire

JANUARY 8, 2024

Based on the trends we can see after the start of the year, I’ll project 2024 will see about 15% home sales growth over 2023. Could the housing market change and slow again in 2024? The data does not show any slowing on any of the active market metrics. Home sales are increasing every week. Home sales are growing.

Marketing 508

Marketing Sales Mortgages As-is 508

Housing Wire

OCTOBER 8, 2024

The strength of the storm has prompted officials to call for an evacuation, one that has already had a stark impact on the city’s housing market. Data from Altos Research shows that new listings and pending home sales have fallen off a cliff since the storm’s formation. New listings in Tampa were at 775 on Sept.

Marketing 459

Marketing Agents Sales Closing 459

Housing Wire

OCTOBER 21, 2024

real estate market is marked by contradictions that are leaving many confused. It’s a complex landscape where the tension between renting and owning is more pronounced than ever, and regional differences in housing demand highlight the uneven nature of the market. As 2025 approaches, the U.S.

Marketing 493

Marketing Mortgages Finance Agents 493

Housing Wire

JANUARY 7, 2025

housing market. “The 10-year yield is currently close to my peak forecast of 4.70%. Market observers believe that the cuts will be paused when the Fed meets again at the end of January. Altos data showed a weekly average of 44,000 new pending sales in December, nearly unchanged from the same period last year.

Mortgages 414

Mortgages Marketing Sales Residential 414

Housing Wire

JUNE 5, 2024

Sieffert added that Paul Fiore, who most recently served as FOA’s chief retail sales officer and who came aboard with the AAG acquisition , has “made the decision to pursue other career opportunities and we wish him well in his future endeavors.” The news was first reported by National Mortgage News.

Finance 480

Finance Sales Equity Mortgages 480

Housing Wire

JUNE 15, 2024

I got one good crumb from the Fed meeting that made me smile: Powell finally admitted that the labor market isn’t tight anymore, which is a beneficial statement for rates down the line if the labor data gets weaker. The 10-year yield closed last week at 4.22%. I discuss this in this episode of the HousingWire Daily podcast.

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Mortgages Marketing Sales As-is 508