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A San Diego data dive shows a market upended by tight supply

Housing Wire

Landing a California home is hard and expensive – especially in San Diego. A sales boom in 2020 and 2021 slashed home listings’ days on market and pushed up home sales’ price per square foot and sale-to-list price ratios. Mortgage With fewer listings come fewer home sales.

Marketing 459
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There’s nothing frozen about Anchorage real estate

Housing Wire

The median November home sales price in Alaska was $350,250, which is slightly up from 1.2% The median sales price is down from a record high of $375,000 in June. But other agents echo Daniel that there is no market setback. “Our So, while there may be a lot of land, it’s not available to the market.

Land 417
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Housing market hinges on mortgage rates and supply, not commission structures

Housing Wire

Incomes, wealth, life events, mortgage rates all play a role in determining housing demand, while on the supply side we have land costs, government regulations in terms of zoning rules, geographic constraints to building and builder financing costs,” Divounguy added. “So, As these business practice changes begin Aug.

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The 2023 Housing Market: A Look Ahead

Housing Wire

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 last time we saw prices decline, the combination of declining prices and bad mortgages forced inventory onto the market.

Marketing 505
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Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes

Housing Wire

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 444
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SmartZip Review: Can data improve your prospecting game?

Housing Wire

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 454
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The nation’s housing market is on a correction course

Housing Wire

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