Realtor.com data shared at Inman Connect suggests there will only be 3 listings per agent in 2024 and that sellers who want to close a deal in April are already looking for representation
Requests for purchase loans were down last week by 31% from a year ago as rates rose to a 2023 high and homes remained scarce, according to the MBA's Weekly Mortgage Applications Survey
Declining inventory and rising home prices will drive market dynamics
Inventory has been tightening for 27 months straight
The 10% year-over-year drop in inventory is driving home prices up
A bump in the Fed funds rate may push potential buyers toward renting, according to S&P/Case-Shiller report
Listings down in 86 of 144 markets tracked by realtor.com
Median listing prices up 6.5 percent as price appreciation cools
Many homeowners are still underwater, builders gearing up as foreclosure activity has slowed
NAR: Nearly 9 out of 10 metro areas posted annual gains in Q4
Prices may not be rising, but selling close to asking price is a positive sign
NAR: July inventory down 24 percent from a year ago
Lack of inventory blamed for decline in pending home sales
Realtor.com data shows 20 percent annual decline in US listings in May
Median price, inventory drops in most markets tracked