A recovery in new listings is easy to miss — but it may be underway

Winter is always slow, but new listings have been trending toward normal levels in recent months, according to a new Intel analysis of US homes for sale. Lower rates may only speed up the process. Continue reading

Rate drop leads to 3rd consecutive month of listing gains

Active and new listings experienced single-digit increases for the third consecutive month in January, according to Realtor.com’s latest market report. The boost in listings also brought buyers out, leading to a four-day decrease in the median days on… Continue reading

Luxury prices and cash buyers hit a new high to close out 2023

Strategic migration, low inventory and a demand for larger spaces have also contributed to rising luxury prices, agents told Inman, depending on the specific market. Continue reading

Buyers continue downward spiral, but new listings may be steadying

Homebuyers are backing away from the market as mortgage rates continue to climb. But new listings aren’t declining as quickly, Redfin reports. Continue reading

It’s the most perilous time of year to overprice a home: Opendoor

Nearly 1 in 4 homes that were overpriced at listing will end up being delisted in the slower fall months, according to a new report. Continue reading

New listings plummet 27%, marking biggest annual fall since pandemic

The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low even as home prices creep higher. Continue reading

The inventory recovery suffered a setback. Is it just temporary?

The housing downturn was supposed to bring the market back into balance between buyers and sellers. But recent inventory gains have stalled. Continue reading

Robert Reffkin: Sub-4% mortgages are ‘handcuffs’ for home inventory

In a Bloomberg Markets TV appearance, the top boss at Compass said homeowners are treating a 3 percent mortgage rate “as a financial asset” — at least for now. Continue reading

Listing shortages kept prices from falling in Q1: Fannie Mae

The mortgage giant’s quarterly Home Price Index shows national home prices were up 1 percent during the first quarter of 2023 compared to the final three months of 2022. Continue reading

Pandemic-fueled ‘lock-in effect’ likely to limit new spring listings

Black Knight data shows new listing volume is down 25 percent in January compared to pre-pandemic levels, the biggest drop since most of the country was in lockdown. Continue reading