By the NumbersAgents, get your sellers readyA new Realtor.com report concludes that the best time to list in 2024 is right around the corner. Robert DavisMarch 21, 2024
By the NumbersHomebuilder sentiment at highest level since last summerLow existing home inventory and the expectation of falling interest rates continue to drive builder optimism. Also, housing starts are up 5.9% vs. last year.Dave GallagherMarch 18, 2024
By the NumbersMortgage rates see biggest weekly drop since DecemberRates eased this week, but they will likely remain elevated throughout the spring months as the Fed waits to take action on interest rates.Dave GallagherMarch 14, 2024
By the NumbersTwice as many sellers are looking to relocate in 2024A Coldwell Banker survey found a big increase in the number of sellers willing to move to another city or state as price considerations now outweigh location.Dave GallagherMarch 13, 2024
By the NumbersThe new prime time for sellers? It’s no longer MayA report from Zillow found that summer can be the most lucrative time to list, but low inventory means rate fluctuations can “make their own seasonality.” Cheryl Reid-SimonsMarch 8, 2024
By the NumbersMortgage rate dip leads to jump in activityRates fell slightly this week, ending a four-week run of increases, and mortgage applications were up nearly 10%. Inventory and consumer sentiment are also up.Dave GallagherMarch 7, 2024
By the NumbersAffordable homes sprouting more quickly as spring approachesRealtor.com’s February housing report shows inventory rising, especially in the South, and availability of homes priced between $200k-$350k increasing by 20.6%.Cheryl Reid-SimonsMarch 5, 2024
By the NumbersHome flipper optimism continues to rise — for nowThe winter dip in mortgage rates gave a boost to first-time buyers and home flippers, a new report shows. Whether that continues depends on the Fed.AJ LaTraceMarch 3, 2024
By the NumbersMortgage rates continue to climb, but it’s not all bad newsThere are signs that inventory is building, which could take some pressure off the market and increase options for buyers who can stomach the elevated rates.Dave GallagherFebruary 29, 2024
By the NumbersPending home sales slid nearly 5% in JanuaryWhile pending sales reversed course last month, experts blamed seasonality and less favorable borrowing rates for the lack of activity from buyers. AJ LaTraceFebruary 29, 2024
By the NumbersThe housing market needs 7 million more homesA new Realtor.com report found that the housing supply gap has grown considerably over the past decade as household formation has outpaced home construction. AJ LaTraceFebruary 28, 2024
By the NumbersHome price growth bucked historical norms in 2023Despite market challenges, the Case-Shiller Index was up 5.5% annually in December, exceeding national averages over the past three decades.Dave GallagherFebruary 27, 2024
By the NumbersA strong start to the year for new home salesSales of new homes rose in January and inventory remained robust. Median prices were up even as some builders continue to offer buyer incentives.AJ LaTraceFebruary 26, 2024
By the NumbersExisting home sales up after a year marked by declinesSales rose by more than 3% in January, suggesting a turnaround in 2024, but mortgage rates still hold the key to the future of the market.Cheryl Reid-SimonsFebruary 22, 2024
By the NumbersMortgage rates near 7% are stalling salesInventory is building as buyers stay on the sidelines, but there’s still hope for more activity as the spring shopping season gets underway.Dave GallagherFebruary 22, 2024
By the NumbersDream of homeownership still alive with young buyersMillennial and Gen Z buyers have a higher tolerance for elevated mortgage rates, and many believe it’s a good time to buy, a Realtor.com survey found.AJ LaTraceFebruary 22, 2024
By the NumbersHomeownership is up, but minorities continue to lag behindA new NAR report finds that homeownership has increased over the past decade, but Asian, Hispanic, and especially Black Americans face more hurdles.Robert DavisFebruary 21, 2024
By the NumbersInvestors buying a bigger share of affordable homesWhile overall activity softened last quarter, real estate investors flocked to Chicago and cities in California in the hunt for lower-priced properties.AJ LaTraceFebruary 16, 2024
By the NumbersLatest jump in mortgage rates could mean another slow springThe 30-year fixed rate rose to 6.77% this week, the highest level since mid-December.Dave GallagherFebruary 15, 2024
By the NumbersMarket Moods: Is Colorado in line for a slowdown?Supply hasn’t kept pace with population growth, driving up prices for starter homes — and pushing first-time buyers out of the market. Robert DavisFebruary 14, 2024