Housing Wire

DECEMBER 22, 2021

The National Association of Realtors reported that existing home sales for November came in hot at 6.46 This number is above my sales trend peak of 6.2 million, which means we have now had three straight months of sales of over 6.2 Early in the year , I wrote that if existing home sales stay in a range between 5.84

Sales 516

Sales Investor Mortgages Marketing 516

Housing Wire

DECEMBER 20, 2023

Did today’s existing home sales report give us a playbook for housing in 2024? I would argue yes, and the housing market today looks a lot like what we saw in late 2022. Year-over-year, sales fell 7.3% (down from 4.12 In 2022, we recorded the most significant single one-year home sales crash ever. million in November.

Sales 482

Sales Marketing Days on market Mortgages 482

Housing Wire

MARCH 21, 2023

Existing home sales had a huge beat of estimates on Tuesday. To understand why we had such a beat in sales, you only need to go back to Nov. The weekly growth in purchase application data during those months stabilized housing sales to a historically low level. We understood why sales collapsed during COVID-19.

Sales 511

Sales Mortgages Bankruptcy Marketing 511

Housing Wire

JANUARY 26, 2022

Today the Census Bureau ‘ s new home sales report came in as a beat of estimates at 811,000. The bearish take on housing for the second half of 2021 didn’t really pan out, especially in the new home sales sector. However, with that said, it’s still just an OK housing market for me based on how I view the new home sales market.

Sales 476

Sales Construction As-is Mortgages 476

Housing Wire

DECEMBER 21, 2022

Existing home sales slid for the 10th consecutive month in November, as homebuyer demand continued to cool. The seasonally adjusted sales rate for existing homes fell 7.7% On a yearly basis, existing home sales are down 35.4%. On a yearly basis, existing home sales are down 35.4%. “In million homes, which represents 3.3

Sales 397

Sales Mortgages Principal Days on market 397

Housing Wire

DECEMBER 10, 2021

I’ll also highlight which variables we should be watching for unexpected market shifts. The first signal we look at to forecast the strength of the housing market is days on market – how fast are homes moving? I actually expected immediate sales to be dropping at this point, but it isn’t.

Marketing 543

Marketing Days on market Sales As-is 543

Housing Wire

JANUARY 20, 2023

The phrase “in like a lion, out like a lamb” is typically used to describe the month of March, but it is also applicable to existing home sales trends in 2022. month-over-month increase in January , existing home sales trended downward throughout the rest of the year. On a yearly basis, existing home sales were down 34% in December.

Sales 397

Sales MLS Mortgages Marketing 397

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

Maximum Exposure Real Estate

FEBRUARY 14, 2022

One such abbreviation might be DOM, which means Days on Market. The DOM meaning is the number of days that the home has been listed in the MLS. The post How Does Days on Market Impact Home Sales: DOM Explained appeared first on Massachusetts Real Estate Exposure. It starts from when […].

Days on market 134

Days on market Sales Marketing MLS 134

Housing Wire

JUNE 21, 2024

Both existing housing inventory and home prices have been rising together year over year, which might seem odd at first glance since existing home sales are trending near all-time lows. Let’s keep it simple: total active listings are still below 2019 levels nationally, and the days on market are under 30 days today.

Days on market 482

Days on market Sales Mortgages As-is 482

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 Mortgages Sales 538

Housing Wire

MARCH 18, 2022

The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 This level is still within my 2022 forecast sales range between 5.74 Last year I discussed sales levels coming back down to 5.84 Last year I discussed sales levels coming back down to 5.84

Marketing 542

Marketing Investor Sales Days on market 542

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. This is why the days on the market are so low historically after 2020.

Marketing 539

Marketing Sales Days on market Mortgages 539

Housing Wire

FEBRUARY 28, 2024

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 data paints a similar picture of the increasing competitiveness of the San Diego market. Mortgage With fewer listings come fewer home sales.

Marketing 459

Marketing VA loan Days on market Loans 459

Housing Wire

NOVEMBER 19, 2020

Existing home sales came in at a whopping 6,850,000 , beating estimates with the highest print since 2006. Days on market fell from 36 days to 21 days on a year-over-year basis. Cash buyers remain at a historically high level of 19%, the same as last year, while sales grew 26.6% The housing market is hot.

Marketing 545

Marketing Sales Days on market Mortgages 545

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

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

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

APRIL 20, 2023

after coming off the single biggest home-sales crash year in history. As expected, existing home sales fell from February to March since the previous month’s report was intense. We have a workable range for 2023 sales in the existing home sales market between 4 million and 4.6 We only have 2.6 million in March.

Sales 531

Sales Days on market As-is Marketing 531

Realty Biz

FEBRUARY 25, 2022

Days on Market, also known as DOM, is a widespread commercial term, which applies to all markets and products, be it a cake, a pair of shoes, or a real estate item. This concept has everything to do with the idea of “freshness” or actuality that any type of product has on a specific market. DOM on The Real Estate Market.

Days on market 126

Days on market Marketing Staging Renovation 126

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

Real Estate News

APRIL 14, 2023

A new report identified areas with the biggest increases and decreases in days on market. Agents in Erie, Charleston and Chico share their insights.

Marketing 279

Marketing Sales Days on market Agents 279

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

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

JULY 24, 2024

Sales of both new homes and existing ones have declined, and it’s affecting how long homes stay on the market. of listed homes in June stayed on the market for more than 30 days, which is up from 59.6% A new report from Redfin shows that 64.7% a year ago.

Days on market 435

Days on market Mortgages Marketing Sales 435

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. They have not.

Mortgages 476

Mortgages Sales Marketing As-is 476

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 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

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

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 415

Marketing Home sale contingency Days on market Agents 415

Housing Wire

JULY 10, 2024

These optimal mortgage conditions provide a blanket of security for any future downturn in the housing market. As the housing market enters its third year of sales recession, it is notable that home prices have generally kept climbing, except in a few key markets. Unemployment is inching higher. 2 above) themselves.

Equity 545

Equity Loans Mortgages Sales 545

Housing Wire

DECEMBER 21, 2021

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 in November 2020, according to a report from Redfin.

Land 418

Land Days on market Agents Marketing 418

Housing Wire

JULY 18, 2024

We all know that sellers hear what they want to hear and believe what they want to believe when it comes to how market conditions will impact the sale of their home. They believe their home is special and people will be knocking on the door with full price offers within days of hitting the market. The agent , of course!

Days on market 445

Days on market Sales Marketing Agents 445

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

Real Trends

APRIL 3, 2023

As days on market has lengthened for home sellers, it is not a surprise to see the return of home staging as a tool to attract potential buyers,” Jessica Lautz, NAR’s deputy chief economist and vice president of research, said in a statement.

Days on market 106

Days on market Staging Agents Marketing 106

Housing Wire

DECEMBER 28, 2022

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

Marketing Equity Mortgages Short sale 505

Keeping Current Matters

SEPTEMBER 2, 2021

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. As of the latest Existing Homes Sales Report from NAR, the current months’ supply of inventory stands at 2.6.

Marketing 327

Marketing Days on market Residential Mortgages 327