Housing Wire

MAY 8, 2024

Housing credit channels directly impact housing inventory channels. Home prices escalated out of control after 2020 and when we look at why that happened, we can see that housing credit mattered more to inventory data than most people realize. NAR Active Inventory Data, traditionally between 2-2.5

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Housing Wire

DECEMBER 17, 2020

Single-family housing starts continued their seven-month climb in November, coming in at the highest level since 2007, according to the Census Bureau. Housing starts rose 1.2% Single-family housing starts rose 0.4% Single-family housing starts rose 0.4% in November compared to October and are up 12.8%

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Housing Wire

JUNE 18, 2023

Active housing inventory grew while new listing data fell. Here’s a quick rundown of the last week: Active inventory grew 8,041 weekly. This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. New listings data is another big story with housing inventory.

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Housing Wire

APRIL 20, 2023

months’ worth of housing inventory in the U.S. We have a workable range for 2023 sales in the existing home sales market between 4 million and 4.6 NAR: Total housing inventory registered at the end of March was 980,000 units, up 1.0% Unsold inventory sits at a 2.6-month We only have 2.6 economy.

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Housing Wire

OCTOBER 20, 2020

Single-family housing starts in September were at an annual rate of 1.108 million, which is 8.5% above the revised August figure of 1.021 million, and a level not seen since 2007, Doug Duncan, chief economist at Fannie Mae , said. million annualized units, a level not seen since 2007. . “While starts were up 10.4%

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Construction New Listings Housing Market Inventory 505

Housing Wire

APRIL 9, 2023

The housing market welcomed the news of lower mortgage rates last week after four reports showed that the labor market isn’t as tight as it seems and that the fear of 1970s-entrenched inflation was a lousy narrative. Active inventory rose by 823 single-family homes and new listing data is trending at all-time lows.

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Housing Wire

MARCH 23, 2023

If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 Rates did spike from 5.99% to 7.10% recently , impacting the data coming up.

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Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above.

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Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022.

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Appraisal Buzz

JUNE 18, 2024

The deepening housing deficit is the root cause of the housing affordability crisis According to Zillow, at its core, the housing market is driven by supply and demand; when the number of people who want a home increases faster than the number of homes available, prices inevitably go up. Census Bureau.

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Housing Wire

DECEMBER 7, 2022

Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22 million Historically inventory levels range between 2 million and 2.5 Mortgage rates went from a low of 2.5%

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Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time.

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Housing Wire

JUNE 7, 2022

So few single-family homes are for sale in America that just two months of inventory is available across the top 100 metro areas in the country, a historic low. ” “Higher priced” homes in hot housing markets in cities such as Los Angeles, Palm Beach and Phoenix are also increasingly in short supply, the report’s authors found.

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Housing Wire

NOVEMBER 18, 2022

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. The Federal Reserve wanted to see the bidding wars end and the days on the market grow.

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Housing Wire

MAY 19, 2022

million , with double-digit home-price growth driving a housing market that is still savagely unhealthy. This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. Inventory is always seasonal. Today inventory levels are at 1.02

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Housing Wire

JANUARY 25, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. in December 2022, its highest level since 2007 and its fastest rise in more than 40 years. Inventory What does that mean for housing?

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Housing Wire

NOVEMBER 19, 2020

The housing market is hot. You may be told that future moderation indicates “cracks in the housing market, but don’t buy into it. I previously wrote that if we really saw cracks in the housing market, these are a few indicators to track and to beware of doom and gloom housing headlines.

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Housing Wire

DECEMBER 20, 2023

Did today’s existing home sales report give us a playbook for housing in 2024? I would argue yes, and the housing market today looks a lot like what we saw in late 2022. I give more details in this interview on why I believe the housing market dynamics shifted on Nov. Unsold inventory sits at a 3.5-month

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Housing Market Marketing Inventory Realtors 482

Housing Wire

MAY 2, 2023

The housing market functions differently than other markets because it can be characterized as a heterogeneous, thinly traded, illiquid market. In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. The result is fewer sales.

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Housing Wire

NOVEMBER 18, 2022

That’s the largest year over year existing home sales decrease since 2007. Both a pullback in demand and limited supply remain vexing problems for the housing market. Total housing inventory at the end of October was 1.22 Unsold inventory sits at a 3.3-month Existing home sales last month declined 5.9%

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Housing Market Marketing Inventory New Listings 448

Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy.

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Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. In time, markets always find balance and balance is a good thing. But, that doesn’t mean housing is going to crash. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast.

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Housing Wire

APRIL 2, 2021

“The prime-age labor force participation rate fell in the aftermath of the Great Recession and it took a decade to return to the pre-Great Recession average (2001-2007) of 83%,” Kushi said. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints.

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Housing Wire

AUGUST 22, 2024

I don’t see anything in our Housing Market Tracker data that would warrant any big beats in future home sales prints. From NAR: Total housing inventory registered at the end of July was 1.33 From NAR: Total housing inventory registered at the end of July was 1.33 If inventory can trend between 1.52-1.93

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Inventory Housing Market Marketing Investors 493

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% All four U.S.

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Inventory Housing Market New Listings Marketing 505

Housing Wire

SEPTEMBER 21, 2023

Inventory still negative year over year From NAR: Total housing inventory registered at the end of August was 1.1 Unsold inventory sits at a 3.3-month The housing inventory data has been negative year over year per the NAR data for the past few months. Year-over-year, sales fell 15.3% (down from 4.77

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Inventory Housing Market Mortgage Marketing 523

Housing Wire

MAY 31, 2024

Large institutional investors typically emerged following a raft of defaults and foreclosures stemming from the 2007-08 financial crisis , putting inventory on the market from 2007-09. They don’t have that kind of capital,” he said, adding that Blackstone Group owns roughly 0.05% of single-family homes in the U.S.

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Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. mortgage insurance market in 2023 to deteriorate. Fitch Ratings also expects the outlook for the U.S.

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Housing Wire

OCTOBER 19, 2023

for the first time since 2007, according to one index. On Tuesday, the builder confidence fell to 40, its lowest point since January 2023, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Still, inventory remains a huge problem for the housing market.

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Housing Wire

DECEMBER 21, 2022

On Wednesday, existing home sales collapsed near the lows we saw during COVID-19 and back in 2007 when the housing bubble burst. In addition, this is the fourth straight month of inventory declining, while days on the market are growingl! Plus, available housing inventory remains near historic lows.”

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Inventory New Listings Housing Market Sellers 531

Housing Wire

MARCH 21, 2024

This is why we created the housing market tracker articles to keep everyone versed in forward-looking demand and the forward-looking demand was getting better as mortgage rates fell from 8% to below 7%. In 2007, they were 4 million. With the NAR data, I would be throwing a party if inventory could just get into a range of 1.52-1.93

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Inventory Housing Market Mortgage Marketing 507

Housing Wire

MAY 3, 2024

Serious buyers showed discernment as they know inventory is growing. As a result, sellers who are winning in this market spent time making sure their homes are in show-ready condition. These buyers understand that more inventory is coming to the market and that they will have options. With only 1.3

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Inventory Lending Inspection Real Estate 425

Housing Wire

APRIL 23, 2024

Three of the biggest topics in housing right now are mortgage rate movements tied to Federal Reserve policymaking, the day-to-day moves in key housing data and forward-looking trends for the housing market. But this means the labor market has to break. He began by looking at fresh inventory data.

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Inventory Housing Market Sellers Marketing 494

Housing Wire

SEPTEMBER 24, 2023

In addition, jobless claims data had another solid print, showing that the labor market hasn’t broken yet, which led to more selling of the 10-year yield. On housing inventory , new listings data saw a small decline last week, but active listings grew at a healthy clip.

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Housing Wire

SEPTEMBER 13, 2022

The premise of a mortgage rate lockdown is simple: so many American households have such low mortgage rates that some will never move once rates rise, which then locks up housing inventory. Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter.

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Appraisal Buzz

MARCH 25, 2024

in 2021, hitting the worst level since 2007. “In Whether the overall market has soared or seen just modest gains in recent years, investors have missed out on the action.” Lack of inventory and ever-rising home prices are the main factors impacting the home flipping business. That’s down from 28.1% in 2022 and 35.7%

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Housing Wire

FEBRUARY 16, 2023

They have less competition as they are working from low sales levels in today’s housing market. The truth is that if mortgage rates fell below 5.875% and kept going lower, everyone’s housing predictions would need to be revised this year because the builders can sell their homes with lower mortgage rates.

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