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

JANUARY 20, 2023

Total housing costs for American homeowners versus their wages are meager, and most will buy a home right away when they sell. However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market. The days on market were too low.

Sales 541

Sales Days on market Mortgages Lending 541

Housing Wire

JULY 3, 2024

So not only do we have a very limited number of homes underwater, but homeowners also have a lot of selling equity. The second positive factor is that homeowners who haven’t lost their jobs can sell their homes and use that equity for a down payment for another house or even pay cash for the next purchase.

Marketing 385

Marketing Equity Days on market Sales 385

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

Housing Wire

MARCH 24, 2025

Determine whether youre in a sellers or buyers market One of the most important things you must consider is if you are in a buyers or sellers market. These markets are very local and can last weeks, months or years.

Staging 362

Staging Sales Agents Marketing 362

Housing Wire

DECEMBER 28, 2022

While this would be a hit to homeowner equity, only 1 to 2 percent more of homeowners would move into negative equity. Second, because homeowners are well qualified, they can ride out this correction. Days on market will likely continue to stretch out and peak next spring along with supply. .

Marketing 505

Marketing Equity Mortgages Short sale 505

Housing Wire

MARCH 22, 2024

“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. Days on market is also trending back to what is more normal for our market as well.” From 2022 to 2023 alone, rates rose 15%.

Marketing 448

Marketing Seller concession Due diligence Days on market 448

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

DECEMBER 29, 2021

While I do believe the rate of home-price growth is cooling off — since data from the S&P CoreLogic Case Shiller Home Price Index lags — the market is still seeing home-price growth above my five-year price model, so wishing for less price growth in 2022 is a must for me. I documented my work with many articles, which can be found here.

Marketing 534

Marketing Equity Construction Bankruptcy 534

Housing Wire

MARCH 18, 2022

One of the critical data lines that I want to see improve this year is days on market. My concern now is that some sellers are feeling stressed about this market, which should never happen because this is the best seller market ever. NAR Research : The median existing-home sales price rose to $357,300, up 15.0%

Marketing 542

Marketing Investor Sales Days on market 542

Housing Wire

MARCH 21, 2023

Also, the days on market are on a level they might feel more comfortable in. However, the housing market took its biggest shot ever in terms of affordability in 2022 and so far in 2023, and the American homeowner didn’t panic once. And, in this report, we saw no signs of forced selling.

Sales 511

Sales Mortgages Bankruptcy Marketing 511

Housing Wire

JUNE 6, 2023

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. A strong economy and relatively high mortgage rates have pushed some movers to the rental market, boosting demand.

Residential 459

Residential Construction Finance Sales 459

Housing Wire

AUGUST 30, 2022

There is a simple explanation for this, but you’re going to have to believe that supply and demand economics still work and that the credit profiles of homeowners matter more than people think. I am not talking about investors; I am talking about primary resident homeowners. Some sell to rent, of course. From Redfin.

Bankruptcy 397

Bankruptcy Days on market Sales Short sale 397

Housing Wire

APRIL 22, 2024

Sincerely, (your name) (your brokerage) (your phone number) (your email) Click to copy to clipboard The just sold letter Audience: Homeowners around a property you recently sold Format: Postcard or typed letter in an envelope The “just sold letter” is a spin on the traditional “just sold” postcard, which is a format I still suggest.

Brokerage 467

Brokerage Investor Agents Pre-approval 467

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

FEBRUARY 27, 2024

It’s no secret that homeowners search online to find a listing agent who can sell their home quickly and for top dollar. SmartZip’s analytics are based on over 250 data points related to the properties and homeowners in your target market. Then, it deploys marketing campaigns on your behalf.

Branding 459

Branding Land Brokerage Agents 459

Housing Wire

DECEMBER 21, 2022

“In essence, the residential real estate market was frozen in November, resembling the sales activity seen during the COVID-19 economic lockdowns in 2020,” Lawrence Yun, NAR’s chief economist, said in a statement. Plus, available housing inventory remains near historic lows.”. million homes, which represents 3.3

Sales 397

Sales Mortgages Principal Days on market 397

Housing Wire

FEBRUARY 19, 2025

Review comparable sales: Show your clients how a comparative market analysis (CMA) will be used to help them make an offer and determine the fair market value (FMV). Discuss pricing and inventory trends: After you go over how you determine FMV, go over the latest local trends in home prices, days on market, available inventory.

Closing 364

Closing Due diligence Earnest money deposit Pre-approval 364

Housing Wire

DECEMBER 6, 2024

First-time buyers “10 Hidden Costs of Homebuying (And How to Prepare for Them)” “Your Step-by-Step Guide to Getting Pre-Approved [2025 Edition]” “Down Payment Myths Debunked: You Might Be Closer to Homeownership Than You Think” “The First-timer’s Guide to Home Inspections: What to Look For” “5 (..)

Pre-approval 397

Pre-approval Design Industrial Agents 397

Housing Wire

JANUARY 23, 2024

home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Agents 476

Agents Equity New Construction Days on market 476

Keeping Current Matters

MAY 10, 2021

There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. 83% of the homes sold in March 2021 were on the market for less than a month.” (See Historically Low Inventory. Bottom Line.

Renovation 342

Renovation Days on market Sales Closing 342

Housing Wire

JUNE 28, 2024

Although pending sales are up, local agents noted that properties are taking longer to go under contract, leading to an uptick in inventory and days on market. Data from Altos Research shows that the 90-day average number of days on market in Coos County is 49 days, up from 42 days a year ago.

Marketing 397

Marketing Days on market Agents Inspection 397

Keeping Current Matters

JULY 12, 2021

The report notes homes are selling in an average of just 17 days. Average days on market is a strong indicator of buyer competition, and homes selling quickly is a great sign for sellers. Over the past 12 months, homeowners have gained a significant amount of wealth through growing equity.

Equity 326

Equity Days on market Mortgages Sales 326

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.

Mortgages 511

Mortgages Marketing Sales Days on market 511

Housing Wire

OCTOBER 1, 2022

The median days on market is just 16 days — a slight increase from the record low seen in the last two months of 14 days. In comparison, in 2011, homes took 96 days to sell. . Another measure the housing market, is whether a Realtor had a client who had a distressed sale in the last month.

Marketing 418

Marketing Inspection Sales Lending 418

Housing Wire

OCTOBER 20, 2023

To demonstrate this, share regular updates with posts that include stats, such as the average sale prices in your city or in desirable neighborhoods, the number of active listings, the average days on market, and more. How to maximize your home’s value Another thing that not all homeowners understand is resale value.

Agents 435

Agents Lending Staging Renovation 435

Housing Wire

JULY 20, 2023

First, the one data line I hate to see is that the days on market are back to a teenager level for back-to-back months. Year-over-year, sales fell 18.9% (down from 5.13 million in June 2022). Let’s look at the report and see what we can make of it. Today’s existing home sales report wasn’t shocking in any way, my sale range of 4.0-4.6

Marketing 370

Marketing Sales Days on market Mortgages 370

Housing Wire

OCTOBER 24, 2022

And, it is less than half of the “normal” level of about one million homes on the market. At the moment, most homeowners are locked into lower interest rate mortgages, they have solid equity in their homes and they have jobs — they don’t have to sell. Days on market has risen from 20 days to 60 days over the past year.

Marketing 345

Marketing Mortgages Equity Days on market 345

Keeping Current Matters

SEPTEMBER 7, 2021

According to the Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly – on average, they’re selling in just 17 days. Average days on market is a strong indicator of buyer demand. As a seller, that’s great news for you.

Equity 296

Equity Days on market Mortgages Sales 296

HomeLight

JANUARY 24, 2023

Whether your company is relocating you or you’re moving for a great new opportunity, there’s no way around it: relocating for a job as a homeowner is stressful. Research days on market The average days on market is another important factor to consider. Remote work has shifted the landscape of relocating for a job.

Days on market 105

Days on market Agents Sales Closing 105

Housing Wire

JULY 25, 2022

You’d still have most homeowners up in value overall and meanwhile, it could provide a lot of relief on rent growth, on [housing] affordability and facilitate a move back to lower mortgage rates over time.”. Inventories of homes for sale and days on market increased in the last month while growth in listing prices for homes started to soften.

Marketing 418

Marketing Residential Construction Mortgages 418

HomeLight

DECEMBER 15, 2022

It all begs the question: What will the 2023 housing market mean for buyers, sellers, and homeowners? This 2023 real estate market forecast digs into insights from HomeLight top agents and housing market economists, including Ken H. Find an Expert Agent to Help You Navigate a Shifting Market. Johnson, Ph.D. ,

Marketing 104

Marketing Mortgages Agents Equity 104

BAM Media

DECEMBER 2, 2024

December Holiday Dates & Ideas December 2: Cyber Monday Share deals for homeowners: smart thermostats, security cameras, or home decor. They can be more generalized, like inventory levels increasing, more days on market, etc. “Thinking of waiting until the new year to make a move? Here’s why you should buy in December.”

Agents 105

Agents Inspection Title Days on market 105

BAM Media

JUNE 17, 2024

BAM Key Details: New reports from Zillow and Redfin highlight the origin and impact of inventory growth in 2024, as more homeowners list their homes while buyers take a step back, pushing inventory up and increasing days on market and the share of homes with price cuts. year over year and decline by 1.4% through May 2025.

Days on market 64

Days on market Marketing Sales As-is 64

BAM Media

MARCH 20, 2025

As for long-term demand for larger rentals , two-bedroom units saw the strongest five-year rent growth (18.3%), likely due to fewer young renters becoming homeowners and more of them living with roommates. A Tale of Two Markets: NYC vs. the Rest of the U.S. Brooklyn : 48 days (up 60% YoY). Queens : 46 days (up 39% YoY).

Days on market 59

Days on market Investor Marketing Construction 59

Housing Wire

JULY 10, 2024

Market Inventory: What is the current market and micro-market inventory? Days on Market: How long does it take for properties to sell? While it seems that everything can be done online these days — this can’t. You must see the home to accurately assess it and offer valuable advice to the homeowners.

Staging 435

Staging Agents Renovation Marketing 435

HomeLight

OCTOBER 28, 2024

If you’re like most homeowners in the Tar Heel State, your home is likely your most valuable asset. The days on market — the time from listing a home to having a signed purchase contract — can range between 40 to 57 days. But how much does it cost to sell a house in North Carolina? The state has 4.41

Days on market 59

Days on market Agents Sales Marketing 59