Remove selling-starts-here
article thumbnail

Download these 9 real estate prospecting letter templates that actually work

Housing Wire

Last year, there were (number) homes sold here, and the average selling price was (dollar figure). (If If you have any homes you personally sold in the neighborhood, include those here). Check out Wise Pelican Typically, you’d mail the just sold letter to homeowners who live around a property you just helped your client to sell.

Brokerage 356
article thumbnail

Fewer homes will take a price cut in spring 2024

Housing Wire

If the current trends continue into the strong seasonal pricing period, we will see fewer homes that are discounted before selling. Traditionally, one third of all homes get a price cut before they sell and when demand gets weaker, this percentage increases, which we saw in 2022 when prices were falling in the second half of the year.

Mortgages 542
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why is housing inventory growing with higher mortgage rates?

Housing Wire

You can see our debate on this topic here. Inventory is very seasonal, and we are about to start our seasonal increase in inventory. Here is a look at inventory last week: Weekly inventory change (Feb. Here is a look at inventory last week: Weekly inventory change (Feb. Of course, I have a different view.

Mortgages 533
article thumbnail

Mortgage rates, inventory and demand rise as price cuts fall

Housing Wire

Weekly housing inventory data Here is a look at the first week of the year: Weekly inventory change (Jan. Weekly housing inventory data Here is a look at the first week of the year: Weekly inventory change (Jan. I have been waiting for years for a standard inventory data line to start the year, and so far that’s what I’m seeing.

Mortgages 540
article thumbnail

Is the spring housing market ready for the Fed’s déjà vu?

Housing Wire

Here is the interview I gave on CNBC on the day the Fed went hawkish, explaining why. Here’s the weekly new listing data for last week over several previous years: 2024: 59,542 2023: 41,415 2022: 54,542 For some historical context, new listing data this week in 2010 was 306,020. Could this happen again?

Marketing 466
article thumbnail

Housing demand rises as inventory falls

Housing Wire

Housing demand is up and it’s time to track the spring housing data and see what the selling season will bring. Weekly housing inventory data Here is a look at last week: Weekly inventory change (Jan. That increase matched the slope of the inventory increase, and people needed to cut prices to sell their homes.

Mortgages 518
article thumbnail

Number of price cuts drops as housing inventory rises

Housing Wire

Weekly housing inventory data Here is a look at the first week of the year: Weekly inventory change (Jan. Price cut percentage Every year, one third of all homes take a price cut before they sell — there is nothing abnormal about that. Mortgage rates started the week at 6.74% , reached as high as 6.80% and ended the week at 6.69%.

Mortgages 530