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Xactus targets lenders through active listing data

Housing Wire

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.

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Residential real estate activity picks up despite low inventory

Housing Wire

The Beige Book is a compilation of data and interviews with bank and branch directors, community organizations and economists from on or before May 22. Residential real estate activity picked up in most Districts despite continued low inventories of homes for sale,” the report states.

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Going, Going, Gone! Homes Are Selling the Fastest in These Markets

Realtor.com

Median days on market in April: 8. The fastest-moving market on our list was Ogden, a mountain town less than 40 minutes north of Salt Lake City. Median days on market in April: 10. Median days on market in April: 12. Median days on market in April: 15. Getty Images. Manchester, NH.

Marketing 133
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What Buyers Can Do in an Extreme Sellers’ Market

Realty Biz

Then the residential market rebounded quickly. Learn the number of new listings that have come on the market in the past month or six weeks. Learn the number of days these houses have been staying on the market before an offer is made. This is called days on market or DOM. Don’t settle.

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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 417
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Is There a Market Correction on Its Way?

McKissock

B) Days on Market for listings increase. C) Listing prices begin to stabilize and reductions in listing prices become more common, which is a sign the market is becoming saturated. F) Rapid changes in residential mortgage interest rates. This event is usually linked to item (A) above. 08 = $625,000 . $50,000 ÷.10

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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

“Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday. The report noted that “most bankers reported that residential mortgage demand remained weak.” However, housing affordability worsened.

Marketing 417