Remove 2006 Remove New Listings Remove Sellers
article thumbnail

The standoff between homebuyers and sellers

Housing Wire

There’s a showdown at the housing market corral between homebuyers and sellers. The only time this happened was 2006-2011 — the housing bust years. Home prices ebb and flow, pricing was working in the sense that sellers met homebuyers to a degree. Image by Brandon Johnson/HW Media.). Now fast forward to 2022.

Sellers 514
article thumbnail

Opinion: The end of seller speculation in US housing market

Housing Wire

metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Credit data shows: There’s no housing crash coming

Housing Wire

As you can see in the chart below, the credit markets broke in 2005, 2006, 2007 and 2008, and then the job-loss recession of 2008 started, which made things much worse. The new listings data we track with Altos Research is trending at the lowest levels ever during the past few years, while back then it was running at accelerated levels.

article thumbnail

How housing credit is shaping housing inventory

Housing Wire

You can see the drastic change this made in the Mortgage Bankers Association Credit Availability index , below, which skyrocketed in 2005 and 2006 before an epic collapse in 2008. Since most sellers are buyers, inventory should be stable if demand is stable. So you can see why we have so few stressed sellers.

Inventory 503
article thumbnail

Lower mortgage rates are stabilizing the housing market

Housing Wire

What I mean by a credit bust is that after the housing bubble burst in 2005 into 2006, we saw a massive increase in supply. These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Total inventory levels. NAR: Total Inventory levels 1.22

article thumbnail

Have we found the bottom in existing home sales?

Housing Wire

.” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well. This explains why total active listing inventory data has been stable over the decades, with the exception of 2006-2011, when those forced distressed credit home sellers couldn’t buy.

Inventory 529
article thumbnail

Housing inventory falls under 1M again as sales collapse

Housing Wire

The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. During that period, we saw new listing data decline. Outside of that time period, everything else from 1982 to 2023 was normal.

Inventory 541