2001 Inventory Sellers 
Housing Wire
MARCH 28, 2024
For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. Ongoing job gains are clearly increasing demand along with more inventory.” from January to February due to steadily growing inventory. Overall, active inventory grew 14.8% higher than one year ago. higher than one year ago.
Housing Wire
AUGUST 29, 2024
Anything above 100 is considered to have a higher level of activity relative to 2001. “The positive impact of job growth and higher inventory could not overcome affordability challenges and some degree of wait-and-see related to the upcoming U.S. The index fell by 5.5% month over month to 70.2. presidential election.”
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Housing Wire
SEPTEMBER 15, 2023
Rates last month surged to 7.23%—the highest since 2001 – sending the typical homebuyer’s monthly payment up significantly from last year. A lot of sellers are also willing to let buyers slip away because they don’t want to concede to repair requests,” Morre said. That rate is up from 14.3% The median U.S. million in August, falling 1.1%
Appraisal Buzz
OCTOBER 30, 2024
The amount of contract activity in 2001 is represented by an index of 100. Jones explained that pending home sales, also known as contract signings, measure the first official stage of a home sale transaction—when a buyer and seller have reached an agreement on terms and price. September saw a 7.4% the highest level since March (78.3).
Housing Wire
NOVEMBER 29, 2021
An index of 100 is equal to the level of contract activity in 2001.” “This solid buying is a testament to demand still being relatively high, as it is occurring during a time when inventory is still markedly low.” When inventory rises and more supply is on the market, this means demand is fading. in October.
Housing Wire
AUGUST 30, 2022
While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5
Appraisal Buzz
SEPTEMBER 26, 2024
A PHSI reading of 100 is equal to the level of contract activity in 2001. “A Potential August buyers were dealing with the same old story—high prices, low inventory—but had other reasons to hold off, too. NAR’s Pending Home Sales Index (PHSI) is a forward-looking indicator of home sales based on contract signings, ad increased to 70.6
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