Zillow Market Reports

APRIL 12, 2024

All five comprise the most expensive markets among the 50 largest in the U.S. It’s not a coincidence that these five metros are also where the highest share of homeowners are likely locked into their mortgage rate. New construction is providing a pressure-relief valve in these metros, giving move-up buyers a place to go.

Marketing 89

Marketing New Construction Construction Mortgages 89

Redfin

DECEMBER 27, 2023

18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. In short: Record mortgage rates, high inflation, and persistently high housing and rental prices. Seasonal trends buckled. So what happened? a Redfin company.

Marketing 63

Marketing Mortgages Investor New Construction 63

Marco Santarelli

JUNE 15, 2024

They anticipate demographics, particularly a healthy labor market with a growing population, to keep demand for homes robust. Additionally, they believe existing supply constraints will persist, with new construction failing to keep pace with buyer interest. Dive deep into your local market.

Marketing 98

Marketing Construction New Construction Mortgages 98

Redfin

DECEMBER 29, 2022

17 housing trends that defined the year, including record home prices and sky-high mortgage rates. The 2022 housing market was nothing short of remarkable. For the first time in history, mortgage rates doubled in the span of just one year. Mortgage rates ballooned to nearly 7% in response to record inflation.

Marketing 83

Marketing New Construction Construction Investor 83

BAM Media

NOVEMBER 22, 2024

BAM Key Details: Zillow’s October Market Report reveals a shift toward a buyer’s market in 13 major metros, including Pittsburgh, Louisville, and Atlanta, driven by inventory recovery and reduced competition. metros are gaining leverage as supply growth impacts home prices and days on market.

Marketing 52

Marketing New Construction Days on market Construction 52

McKissock

NOVEMBER 20, 2020

. “One way to gain a better understanding of market reaction,” she advises, “is through completing relocation appraisals in which an appraiser closely monitors days on market, current active competition, withdrawn and expired listings, and overall real estate trends and heavily focuses on a home’s marketability.”

Residential 72

Residential New Construction Days on market Construction 72

HomeLight

MARCH 21, 2023

In addition, Leonard points out that builders can be incentivized to negotiate to clear new construction inventory at the end of the year, offering deals in December that are no longer available in January. It’s important to point out that days on market in 2022 were fewer in Q1, so, while inventory is down, buyers are still hungry.

Agents 105

Agents Pre-approval Closing costs Sales 105

Marco Santarelli

SEPTEMBER 22, 2020

On average, homes in the Chicago area sell after 63 days on the market. The trend for median days on market in Chicago has gone up since last month, and slightly down since last year. The Chicago metro area housing market is slowly improving as more homes went into the contract in July as compared to June.

Marketing 140

Marketing Sales Investor As-is 140

Realty Biz

JUNE 24, 2022

The rapid rise in mortgage rates, from an average of 3% to 6% over the past six months, is tempering Miami real estate’s historic pace,” MIAMI Chairman of the Board Fernando Arencibia Jr. Although top sales marks are still being achieved, higher rates are starting to restore balance to the market. © SeanPavonePhoto – Fotolia.com.

Sales 78

Sales Short sale Mortgages Fixed-rate mortgage 78

HomeLight

APRIL 21, 2023

Pros: Fast closing: A cash sale is significantly faster than a traditional mortgage-backed home purchase, often allowing you to close in as few as three to 10 days. The lack of land and the inability to build new construction has also limited development of additional housing, according to Cane. So we’re just out of land.”

Investor 100

Investor Renovation Closing Sales 100

Marco Santarelli

SEPTEMBER 5, 2020

Even after suffering from the pandemic, the Phoenix housing market 2020 still comes out on top. As we saw Arizona real estate market thriving & becoming sizzling hot in the past couple of years, even the rise in mortgage rates was believed not to affect it. The average new list prices are up +15.7% year-over-year.

Marketing 135

Marketing Purchase and sale agreement Investor Sales 135

Marco Santarelli

AUGUST 27, 2020

As more and more buyers enter the market the prices are going to increase due to tight supply. . For buyers, the inventory is relatively increasing and mortgage rates are lowest ever , so they should take advantage of scooping up their favorite deals which otherwise are taken away by seasoned investors in the bidding wars.

Marketing 128

Marketing Purchase and sale agreement Investor Sales 128

Marco Santarelli

JULY 31, 2021

Tucson's real estate market made headlines a decade ago for reaching incredible highs before the average home value was cut in half. With a strong economy and low mortgage rates, buyer activity has been strong in this region. With supply and demand continuing to favor sellers prices continue to rise in the Tucson real estate market.

Marketing 105

Marketing Investor Sales Construction 105

HomeLight

APRIL 5, 2023

In addition, builders can be incentivized to negotiate to clear new construction inventory at the end of the year. It’s also very tech driven so tech companies coming to the area and tech layoffs affect the surrounding housing markets. Interest rates are constantly changing and the California housing market moves fast.

Agents 105

Agents Closing As-is Sales 105

Marco Santarelli

SEPTEMBER 21, 2020

San Diego area is also a strong seller’s real estate market. Inventory is low, prices are rising, and pent-up demand alongside low mortgage rates has the market flooded with homebuyers. The shortage of supply and an increase in the demand for housing will push the prices higher in the San Diego housing market.

Marketing 138

Marketing Construction Investor Sales 138

Marco Santarelli

AUGUST 1, 2020

Several key housing indicators showed year-over-year gains as more buyers re-entered the market in June. The factors driving prices up are an increase in demand for housing, tight inventory, and record-low mortgage rates. New Listings. Days on Market Until Sale. Denver Metro Area is still a strong seller’s market.

Marketing 137

Marketing Investor Sales Residential 137

Marco Santarelli

JULY 24, 2020

New construction permits in all cities often lag due to community resistance which blocks new housing. They have limited options in the San Francisco housing market. Although mortgage rates have decreased, big down payments & all-time high home prices aren't spurring more sales. from a year ago.

Marketing 144

Marketing Investor Sales As-is 144

Redfin

JULY 27, 2023

Competition This summer we have seen demand pick up again and the days on market have significantly dropped, so if you see a home you like, don’t wait too long. Do you want a new construction home or an older property with character? Are you looking for more space or a big backyard?

New Construction 51

New Construction Closing costs Construction Days on market 51

HomeLight

MARCH 31, 2021

For example, in Lexington, Kentucky, zoning regulations prevent new building starts with an established boundary line that limits new construction. Buyer demand may be influenced by: Low mortgage interest rates :Homebuyers benefit from a slight boost in spending power when interest rates drop.

Marketing 98

Marketing Banks Land Sales 98

Realtor.com

JULY 2, 2021

In the spring of 2020, as it appeared that many college students would stay grounded in their childhood bedrooms doing coursework online, some landlords panicked and sold off rental properties in prime university markets, fearing high vacancy rates in the next semester. Thanks in part to inbound migration, Austin is also booming, experts say.

Investor 67

Investor Construction Days on market Development 67

Marco Santarelli

SEPTEMBER 8, 2021

The United States Census Bureau released new data on how much each county's housing stock expanded over the decade from 2010 to 2020, and a new analysis by Apartment List finds that Raleigh ranks third among the top 100 most populous metropolitan areas, behind Provo, Utah, and Austin, Texas, but just ahead of Boise, Idaho, with housing growth of 23.5

Marketing 105

Marketing Sales As-is Days on market 105

Marco Santarelli

AUGUST 21, 2020

On average, homes in Miami, FL sell after 93 days on the market. The trend for median days on market in Miami, FL has gone down since last month, and slightly up since last year. More detailed Miami housing market trends and forecasts are given below. First, there is no subprime mortgage crisis this time.

Marketing 126

Marketing Investor Sales As-is 126

Marco Santarelli

JULY 9, 2021

With a strong economy and low mortgage rates, buyer activity has been very strong in 2021. According to new data from local realtors, seller activity in May grew slightly, up 2.6 According to new data from local realtors, seller activity in May grew slightly, up 2.6 New construction sales dropped 5.5

Marketing 85

Marketing Purchase and sale agreement Investor Construction 85

HomeLight

APRIL 29, 2021

The number of days on market (DOM), which marks how long a home is on the market before the seller accepts an offer, typically drops. In a balanced market, marketing time typically lasts around six weeks , according to The National Association of Realtors® (NAR). Factors that lead to a seller’s market.

Marketing 111

Marketing Sales Agents Construction 111

Marco Santarelli

APRIL 29, 2021

It compares key housing metrics of the San Jose housing market from March 2021 with March 2020. . Median Days on Market was 8. Impact of the Pandemic on San Jose Housing Market. For buyers, the mortgage rates are still low as compare to last year. Existing SFR Home Sales were up by 47.9% year-over-year.

Marketing 126

Marketing Investor Residential Sales 126

Hank Miller Team

JULY 12, 2023

In fact, some market are ahead of those record highs of '22. Clearly it's not the same market, but the interest rate shock seems to be accounted for. Owners Love Low Mortgages Pretty simple. During the pandemic, the government bought mortgage backed securities and artificially maintained those historically low interest rates.

Marketing 40

Marketing New Construction Land Sales 40

Marco Santarelli

SEPTEMBER 7, 2020

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%. The 15-year fixed-rate mortgage dropped to 2.44%. The average days on market is 76.

Marketing 126

Marketing Investor Sales As-is 126

Marco Santarelli

SEPTEMBER 8, 2020

Average days on market. The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88% in the first week of August. Median closed price (month/month).

Marketing 105

Marketing Purchase and sale agreement Investor Closing 105

Marco Santarelli

MAY 31, 2022

On average, homes in Asheville, NC sell after 65 days on the market. The trend for median days on market in Asheville, NC is flat since last month, and slightly down since last year. According to Zillow, the percent of delinquent mortgages in Asheville is 0.4%, which is lower than the national value of 1.1%.

Marketing 104

Marketing Investor Sales As-is 104

Marco Santarelli

SEPTEMBER 19, 2022

In 2021, the hot housing market continued to be fueled by strong demand, low mortgage rates, and a trend toward working from home. In 2022, there is a decrease in sales activity, owing mostly to increased affordability issues, prolonged low inventory, and a major increase in mortgage rates. of Homes for sale were down 26.2

Marketing 52

Marketing Sales New Construction Mortgages 52

Marco Santarelli

JANUARY 26, 2021

Higher mortgages have been registered in Dallas since most residents qualify for them due to their next to perfect credit scores. When making the decision to rent or buy a home, it's not enough to look at home prices and mortgage rates. On average, homes in North Dallas sell after 80 days on the market. year-over-year.

Marketing 105

Marketing Investor Residential As-is 105

Realtor.com

JULY 2, 2021

In the spring of 2020, as it appeared that many college students would stay grounded in their childhood bedrooms doing coursework online, some landlords panicked and sold off rental properties in prime university markets, fearing high vacancy rates in the next semester. Thanks in part to inbound migration, Austin is also booming, experts say.

Investor 52

Investor Construction Days on market Development 52

Marco Santarelli

SEPTEMBER 11, 2020

Conditions in the Colorado Springs real estate market seem to be in a sustainable, upward direction and show no signs of slowing down. The local economy is strong and mortgage rates remain low. Is Colorado Springs going to be a sizzling real estate market for investors in 2020 & 2021? Days on Market Until Sale.

Marketing 105

Marketing Investor Sales As-is 105

Marco Santarelli

JULY 15, 2021

The median days on market was 5 in Baltimore County and 8 in Baltimore City. New infrastructure built by the city includes enhanced bus stops, dedicated bus lanes, rail improvements, and road improvements. Moreover, it's even harder to take out a mortgage for those who have student loan debt.

Marketing 98

Marketing Investor Sales As-is 98

Housing Wire

MARCH 22, 2024

Before meeting with a mortgage lender, buyers should have a clear picture of their finances. Buyers should enter negotiations with one of two mindsets, depending on days on market and whether there are other offers in hand. Meet with a financial advisor. That means it meets most of their criteria while remaining in their budget.

Agents 459

Agents Pre-approval Pre-qualification Inspection 459

Marco Santarelli

NOVEMBER 10, 2020

The Boise housing market is a scorcher and is being fueled by low mortgage rates and limited supply compared to demand. The overall median sales price, including existing and new home sales, reached $409,945 last month, an increase of 17.2% That's how hot this market is even during the times of the Covid19 pandemic.

Marketing 138

Marketing Sales Construction Investor 138

Marco Santarelli

AUGUST 4, 2020

Sales of single-family homes went up by around 14% in January as compared to the previous year, a big start to 2020 that was driven by low mortgage rates and demand for homes priced between $250,000 and $750,000. Buyers were taking advantage of historically low mortgage interest rates through the first half of the month. percent to $2.23

Marketing 141

Marketing Investor Sales As-is 141