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 458

Sales Marketing Days on market Mortgages 458

Housing Wire

JANUARY 20, 2023

And existing home sales crashed in 2022 from a peak of around 6.5 housing market , we just experienced an event that most people never thought could happen. However, expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.” The days on market were too low.

Sales 541

Sales Days on market Mortgages Lending 541

Housing Wire

DECEMBER 10, 2021

As we approach the end of another hot year for the market, homebuyers and sellers are eagerly looking ahead to the 2022 housing market. Will the market continue its streak of strong growth, or are we finally about to see a slow down? I’ll also highlight which variables we should be watching for unexpected market shifts.

Marketing 543

Marketing Days on market Sales As-is 543

Housing Wire

MARCH 3, 2025

Over the last two months with economic uncertainty, the bond market has responded and the yield for the 10-year treasury has declined by 60 basis points from 4.8% Our weekly pending home sales data continues to run about 3% below last year. The real time home sales data that we track does not yet show any response, however.

Sales 353

Sales Mortgages Days on market As-is 353

Housing Wire

MARCH 4, 2025

Compass says that the listings protect home sellers against negative insights, such as days on market. At Compass we are advocating for homeowners to have control over how their listings are marketed, Reffkin said in a statement. Coming Soon is part of Compasss three-phase marketing plan for homes.

Agents 344

Agents MLS Brokerage Days on market 344

Housing Wire

MAY 6, 2025

In the 1960s, brokers created the first MLS in booklet form to create a true marketplace of the inventory that was for sale. NAR has announced new flexibility in the CCP for NAR-affiliated MLSs that gives sellers more choice about how and when their homes are marketed. How days on market are calculated.

MLS 354

MLS Days on market Brokerage Agents 354

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 23, 2024

We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. Purchase apps look out 30-90 days before they hit sales data.

Sales 473

Sales Days on market Mortgages Investor 473

Housing Wire

JULY 20, 2022

The savagely unhealthy housing market is continuing as we get closer to August. We still have the unhealthy dynamics of noticeable sales declines, but prices are still growing year over year. The National Association of Realtors reported that existing home sales fell last month while prices increased yearly. Sales were down 5.4%

Sales 512

Sales Mortgages As-is Marketing 512

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

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 508

Sales Investor Mortgages As-is 508

Housing Wire

NOVEMBER 21, 2023

Has the epic crash in existing home sales finally found a workable bottom to rise from? That created three months of positive purchase application data and gave us one of the most significant month-to-month sales prints ever recorded in history: from 4 million to 4.55 Year-over-year, sales tumbled 14.6% (down from 4.44

Sales 464

Sales Days on market Mortgages Investor 464

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 14, 2025

Stats are the fuel to the fire of the real estate market and will make you exude confidence in conversations with potential clientsmaking them feel confident in hiring you to represent them. This proves your expertise to clients and allows you to provide them with knowledge about the real estate market.

Marketing 340

Marketing Commercial Agents Property Management 340

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 500

Sales Mortgages Bankruptcy Marketing 500

Housing Wire

MARCH 21, 2024

Today’s existing home sales report was a massive beat , similar to what happened last year in this month. Will this mark the high point for sales this year like it did in 2023? This year, we’ve had eight positive purchase application reports and the sales were spread out over two months — last month and this month.

Sales 496

Sales Mortgages Days on market Investor 496

Housing Wire

NOVEMBER 11, 2024

While the panelists did not explicitly discuss NAR’s increasingly controversial Clear Cooperation Policy (CCP) , the rule, which requires listing brokers to enter listings into the MLS within 24 hours of marketing the property, was at the center of the panel’s discussion. I believe days on market is the killer of value.

MLS 369

MLS Brokerage Days on market Agents 369

Housing Wire

AUGUST 8, 2024

Although there is no doubt that business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement are going to impact how real estate industry professionals operate, economists aren’t too sure they’ll have much bearing on the housing market. “I

Debt-to-income ratio 466

Debt-to-income ratio Marketing Mortgages Days on market 466

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 450

Sales Construction As-is Mortgages 450

Housing Wire

MARCH 24, 2025

Before rushing to a price reduction for your real estate listing, its important to take a step back and evaluate all the factors that could be affecting the sale. Is the home being marketed effectively? Is the price aligned with current market conditions? These markets are very local and can last weeks, months or years.

Staging 346

Staging Sales Agents Marketing 346

Housing Wire

APRIL 15, 2022

We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. As a result, I’ve been rooting for mortgage rates to rise to create a balancing impact on this housing market. Even this week, on tax day, it is still showing a decline.

Mortgages 500

Mortgages Marketing Sales Days on market 500

Housing Wire

FEBRUARY 28, 2024

The data examined below represents multiple listing service data and mortgage market analytics for San Diego County, as well as the state of California and the country as a whole from 2019 to 2023. percentage points in market share, albeit with a setback in 2023. The number of listings in San Diego fell 50.5%

Marketing 432

Marketing VA loan Days on market Loans 432

Housing Wire

DECEMBER 28, 2022

This article is part of our 2022-23 Housing Market Forecast series. 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. . First, mortgage lending standards have remained high after the last bubble.

Marketing 491

Marketing Equity Mortgages Short sale 491

Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. 9, 2022, until February and we can see how that is playing out in home sales. 1 song of the year.

Marketing 504

Marketing Mortgages Sales As-is 504

Housing Wire

JANUARY 23, 2023

Here’s the housing market rundown for the last week: Purchase application data had a solid week-to-week gain of 25%. Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important. Last week’s housing market data provided mixed news.

Marketing 508

Marketing Mortgages Sales As-is 508

Housing Wire

FEBRUARY 27, 2023

We created the weekly Housing Market Tracker because housing data has been so wild since 2020. The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. In a typical marketplace, the days on market are more than 30 days.

Marketing 450

Marketing Mortgages Days on market Sales 450

Housing Wire

DECEMBER 29, 2021

A bullish housing market. Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been.

Marketing 533

Marketing Equity Construction Bankruptcy 533

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 384

Sales Mortgages Principal Days on market 384

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. Why choose 2011?

Marketing 373

Marketing Equity Days on market Sales 373

Housing Wire

FEBRUARY 11, 2025

When I attended a national real estate conference last month, the Clear Cooperation Policy the provision requiring listings to be published on the MLS within 24 hours of marketing a property predictably surfaced as a hot-button issue. At one point, a poll asked the hundreds in the audience: What are your thoughts on Clear Cooperation?

MLS 313

MLS Brokerage Industrial Agents 313

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 421

Marketing Residential Construction Sales 421

Housing Wire

SEPTEMBER 30, 2024

Cooler fall temperatures have brought less intense housing market conditions to the once white-hot market of Bergen County , New Jersey. “We 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.

Marketing 400

Marketing Home sale contingency Days on market Agents 400

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 384

Sales MLS Mortgages Marketing 384

Housing Wire

JUNE 25, 2023

But, last year saw the biggest home sales crash ever recorded in history, so the rise in inventory last year happened because of an abnormal event and we were working from a very low bar. Nothing good is happening in housing when days on market are so low. The setup for the 10-year yield to stay in the range is intact.

Marketing 410

Marketing Mortgages Days on market Sales 410

Housing Wire

FEBRUARY 21, 2023

Last June, the Federal Reserve said it wanted a housing reset , which meant it wanted higher mortgage rates to destroy the housing market. This facilitated the biggest decline in existing home sales for a single year that we will ever see in modern-day history due to the high level of sales in January of 2022.

Marketing 410

Marketing Sales Mortgages As-is 410

Housing Wire

JULY 20, 2023

The savagely unhealthy housing market continues as existing home sales are near record lows, and the days on the market are still at a teenager level, with home prices rising in 2023. Ladies and gentlemen, this was the fear and now the reality of the savagely unhealthy housing market. million in June.

Marketing 370

Marketing Sales Days on market Mortgages 370