Housing Wire
NOVEMBER 9, 2022
This time around, we have not seen the kind of housing credit boom that we did from 2002-2005. Since the end of June, we have seen that the home seller called it quits earlier this year than usual, and now the new listing data is negative year to date. New listing data is down 5% year to date, as you can imagine.
Housing Wire
JANUARY 20, 2023
During that period, we saw new listing data decline. However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market. So the fact that we are back to an average of 26 days on market makes me happier.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
JUNE 21, 2024
As you can see in our new listing data, we are showing growth. Of course, the housing market didn’t have the credit sales boom it had from 2002-2005, but it lacked inventory. Just as they did in 2023, higher rates took the winds out of the growing sales numbers. It’s nothing spectacular but it’s growth nonetheless.
Housing Wire
AUGUST 30, 2022
However, we haven’t had a credit sales boom like the one we saw from 2002-2005. Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5 million listings. I don’t need to see total active listing get back to the historical range of 2-2.5 From Redfin.
Housing Wire
SEPTEMBER 22, 2022
Existing home sales have more legs to go lower, especially now that new listing data is falling. A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. million in August.”
Housing Wire
DECEMBER 7, 2022
As you can see from the chart above, the last several years have not had the FOMO (fear of missing out) housing credit boom we saw from 2002-2005. One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual.
Housing Wire
OCTOBER 11, 2022
This means the housing boom period of 2002-2005 had major credit tightening, which won’t happen this time around when the next recession hits. To have a balanced housing market, we need active listings to rise yearly, which they typically do; 2020 was an anomaly. The only time this happened was 2006-2011 — the housing bust years.
Expert insights. Personalized for you.
508 
Let's personalize your content