Housing Wire

OCTOBER 3, 2023

Through eXp Exclusives, participants will be able to share off-market and pre-market listings with other eXp agents and their clients through a mobile app. The app will also house all of eXp’s active MLS listings and the service is free to eXp Realty agents.

MLS 417

MLS New Construction Brokerage Agents 417

Housing Wire

JULY 26, 2023

“New home sales continue to be an outsized share of the housing market ,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. The market for new homes is booming because the number of existing homes coming on the market has slowed to a two-decade low.

Sales 345

Sales New Construction Marketing Construction 345

Housing Wire

JANUARY 5, 2024

“While this is below the job growth in 2021 and 2022, when the economy was rebounding from the sharp job losses in 2020, it is still a much higher pace of job growth than we had before the pandemic,” Bright MLS Chief Economist Lisa Sturtevant said in a statement. Meanwhile, the unemployment rate remained unchanged at 3.7%

Construction 419

Construction MLS Investor Mortgages 419

GeekEstate

MARCH 29, 2023

Its flagship MLS platform (which includes both a front-end and back-end system) is constructed from a myriad of public and private sources and s upports interoperability/integration among technology products through its API. The post Bringing MLS Software Into the Modern, Mobile Era appeared first on GeekEstate Blog.

MLS 125

MLS Residential Technology Construction 125

Housing Wire

MARCH 1, 2024

HousingWire is excited to introduce the winners of the 2024 Finance Leaders award, recognizing the top finance executives in housing who are driving financial performance, expanding margins, improving liquidity and helping their businesses access the capital markets. In its 4th year, 40 honorees were recognized.

Finance 388

Finance Principal Construction MLS 388

Housing Wire

MARCH 27, 2024

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few. Listings jumped at both the state and city levels in 2021 and 2022.

Brokerage 409

Brokerage Construction MLS Land 409

Housing Wire

APRIL 5, 2024

“Some had been hoping that the Federal Reserve would cut interest rates at its June meeting; however, with today’s strong jobs report, it is all but certain that the first rate cut won’t be before July,” Bright MLS chief economist Lisa Sturtevant said in a statement. “As Average hourly earnings for private-sector employees grew by 0.3%

Industrial 288

Industrial Mortgages Construction MLS 288

RIS Media

MAY 17, 2023

1 issue in many regions and prices largely remaining resilient, homebuilders appear poised to add some much needed new homes to the market, with data showing another uptick in housing starts last month. With inventory back to being the No.

New Construction 100

New Construction Construction MLS Marketing 100

Housing Wire

JULY 7, 2023

The labor market is moderating gracefully, but conditions remain too hot for the Fed’s liking. Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up. In the June jobs report, residential building construction employment is up 0.8%

Construction 343

Construction Residential MLS Renovation 343

Housing Wire

NOVEMBER 14, 2023

. “Shelter inflation has been coming down slowly since the summer, as new residential construction activity ramped up in 2023,” said Lisa Sturtevant, chief economist for Bright MLS. ” The longer inflation stays elevated, the more customers expect inflation to remain high. In comparison, the CPI rose 3.7%

New Construction 352

New Construction Construction MLS Residential 352

Housing Wire

MARCH 8, 2024

Though all signs point to a cooling labor market overall, the economy picked up another 275,000 jobs in February. The jobs report on Friday is unlikely to convince the Fed that rate cuts are necessary when the Federal Open Markets Committee meets later this month, economists said. The number of unemployed Americans also rose to 6.5

MLS 435

MLS Construction Mortgages Sales 435

Housing Wire

JUNE 2, 2023

The construction sector also saw job gains in May, adding 25,000 positions, thanks to a large uptick in heavy and civil engineering construction, which added 10,700 jobs. Residential building construction added 2,400 jobs during the month. year-over-year increase, further complicating things for the Fed. “For

Construction 360

Construction MLS Mortgages Loans 360

Notorious ROB

SEPTEMBER 5, 2022

Last year, I wrote something up on BrightMLS’s Off-MLS Study saying that the conclusions of the report were overstated and based on thin and problematic data. In particular, I had issues with the data presented: Simply put, there is a large discrepancy in the median sale price between On-MLS homes and Off-MLS homes.

MLS 88

MLS Brokerage Sales New Construction 88

Housing Wire

SEPTEMBER 26, 2023

Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said. However, mortgage applications for new home purchases increased 4% between July and August, the strongest pace of sales in three months.

As-is 490

As-is Sales New Construction MLS 490

Housing Wire

JANUARY 19, 2024

In reality, the demand for housing—and homeownership, in particular—has remained high, despite higher rates,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. Prospective homebuyers have been shut out of the market by a lack of inventory. Creating a path towards homeownership for today’s renters is essential.

Fixed-rate mortgage 434

Fixed-rate mortgage Sales MLS Mortgages 434

Housing Wire

MARCH 10, 2023

Job growth continued in February, but at a slower pace, suggesting that the Federal Reserve interest rate hikes are having at least a mild impact on the labor market. However, the continued job market resilience could equate to even tighter monetary policy , spelling hard times ahead for the housing market. in January to 3.6%

Construction 314

Construction Residential MLS Mortgages 314

Toronto Realty Blog

DECEMBER 8, 2023

TorontoRealtyBlog Geez, what happened to “More MLS Musings?” What if it’s listed for $1 and on the market for 84 days? This is an abuse of the MLS system, right? ” Perhaps I got carried away this year actually writing about real estate! But what if there’s no offer date? I get that.

MLS 84

MLS Staging Commercial Agents 84

Housing Wire

JUNE 29, 2023

Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” Lawrence Yun , the chief economist of NAR, said in a statement. It is encouraging that homebuilders have ramped up production, but the supply from new construction takes time and remains insufficient,” added Yun.

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Sales New Construction MLS Construction 329

Housing Wire

JULY 6, 2023

The Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 6, up significantly from last week ’s 6.71%. High rates combined with low inventory continue to price many potential homebuyers out of the market, added Khater.

Mortgages 382

Mortgages Construction New Construction Investor 382

Housing Wire

SEPTEMBER 1, 2023

More people are actively looking for work, but new or re-entrants to the labor market in August were not having much luck, pushing up the numbers of those unemployed for less than five weeks,” said Mike Fratantoni, MBA senior vice president and chief economist. “The jump in the unemployment rate to 3.8% What will the Fed do ?

Construction 367

Construction Residential MLS Mortgages 367

Housing Wire

SEPTEMBER 19, 2023

Over the past year, the pace of rent increases has cooled significantly , drawing the market closer to its pre pandemic levels. Among other factors, the fact that apartment construction is at a five-decade high largely contributed to the easing of rent prices, according to Bright MLS Chief Economist Lisa Sturtevant.

Principal 403

Principal MLS Construction Marketing 403

Housing Wire

AUGUST 18, 2023

Even in a hot seller’s market, there is aspirational pricing. Secret #2 Sometimes, especially in a low-inventory market, your potential seller client may know about comparable sales you didn’t capture. The average days on the market You should know this stat for properties like your subject property.

Pre-qualification 361

Pre-qualification New Construction MLS Construction 361

Housing Wire

JANUARY 10, 2024

You’re excited to get your next listing on the market, but now you’re feeling the pressure to do an amazing job for your sellers, who have put their trust in you and are excited about making a move. Mention it in the agent-to-agent comments in the MLS. Are other listings (or new construction) offering seller incentives?

MLS 370

MLS Pre-approval Inspection Agents 370

Housing Wire

DECEMBER 8, 2023

In today’s market, having a preapproval, at the minimum, is a must. Should they consider new construction? There are other ways to find inventory rather than just using your MLS. You cah also be more creative in your MLS searches in ways that net you more inventory to choose from for your clients.

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Proof of funds Inspection contingency Inspection MLS 407

Housing Wire

FEBRUARY 27, 2023

Bright MLS chief economist Lisa Sturtevant added: “The new pending sales data for January provides further evidence that the housing market may have bottomed out at the end of last year. Instead, expect a bumpy road on the way to a more normal housing market in 2023.” However, it likely won’t be a V-shaped rebound.

Sales 415

Sales Fixed-rate mortgage MLS Mortgages 415

Realty Biz

APRIL 19, 2024

How long can the US real estate market sustain elevated home prices? If it can’t, when is a market correction due? The US market can only keep home prices high for a short time. However, an imminent correction will strongly depend on regional housing market conditions and job market growth. Not necessarily.

Marketing 90

Marketing Fixed-rate mortgage Construction Residential 90

Housing Wire

OCTOBER 12, 2023

year over year in September,” Bright MLS Chief Economist Lisa Sturtevant said in a statement. What is happening in the housing market ? If mortgage rates pass 8%, housing market activity will see a contraction, Sturtevant said. “Overall, shelter costs were up 7.2% Rents of primary residences were up 7.4%.”

MLS 346

MLS Construction Investor Mortgages 346

Housing Wire

MARCH 20, 2024

Of these eight companies, CoStar and Zillow are by far the largest by market capitalization. However, the company still makes the vast majority of its revenue – 75% in 2023 – from the services it provides brokers and agents in the for-sale residential market. Zillow For years, Zillow has dominated online home listings.

Investor 414

Investor Residential Agents MLS 414

Toronto Realty Blog

NOVEMBER 2, 2022

950/sqft for construction costs. In the meantime, I’ve been monitoring pre-construction condo prices just to see what developers think they can charge, and by association, just how much they might need to charge in order to make a project viable, and I remain absolutely astounded. Imagine that? Where are they now?

Construction 78

Construction Marketing Development Land 78

Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? But even in this market? I’m not entirely sure.

Construction 74

Construction Sales Purchase and sale agreement Development 74

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs. in California.

MLS 308

MLS Brokerage Property Management Agents 308

Housing Wire

AUGUST 10, 2023

in July, said Bright MLS Chief Economist Dr. Lisa Sturtevant. To Bright MLS Chief Economist Dr. Lisa Sturtevant, these changes are not the result of the Fed’s action but rather the consequence of more new residential construction coming on the market. Simultaneously, the index for rent rose 0.4% over the month.

MLS 319

MLS Construction Residential Design 319

Housing Wire

AUGUST 10, 2023

Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.96% as of August 10, up from last week ’s 6.90%. However, demand bounced back after the winter holiday, yielding a surprisingly strong spring housing market.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

Housing Wire

MARCH 29, 2023

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Existing-home sales , pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.”

Sales 296

Sales MLS Construction Banks 296

Housing Wire

MAY 10, 2023

level reported last summer, but inflation is still running far above the Fed’s target rate of 2%,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. We know home price growth and rent growth have been decelerating, and prices and rents have even been falling in some markets,” Sturtevant said.

Closing 360

Closing MLS Construction Residential 360

Housing Wire

JULY 20, 2023

We are still at least a million listings shy of being a balanced market, so this excuse is not going to subside anytime soon. Stop answering clients’ concerns by saying, “Yeah, there’s really nothing on the market, I mean everything in the MLS is already pending. It’s still a seller’s market. range currently!

Equity 280

Equity MLS Construction Agents 280

Marco Santarelli

APRIL 5, 2024

job market continues to thrive. While this may seem like universally positive news, its implications for the housing market are somewhat more nuanced. Will Job Growth Surge Impact the Housing Market? The surge in job growth, particularly within the construction sector, is expected to contribute to an increase in housing supply.

Marketing 52

Marketing Construction MLS Mortgages 52